Casualty Actuarial Society

Press Room

CAS Sponsors Predictive Modeling Book Series for Practicing Actuaries - Volume One Now Available

09/03/2014 —

Arlington, VA - The Casualty Actuarial Society (CAS) is pleased to announce the release of “Predictive Modeling Applications in Actuarial Science: Volume One,” the first in a two-part series published by Cambridge University Press. This series, sponsored by the Casualty Actuarial Society and the Canadian Institute of Actuaries, is written for practicing actuaries at all levels, offering a refresher on modern-day data-mining techniques. The series also addresses advanced statistical topics so that readers can gain a competitive advantage in the field. Volume One is currently available for sale through Amazon and Cambridge University Press.

Predictive Modeling Book

The CAS is one of the most advanced organizations in the world in the field of predictive modeling, having successfully applied it to personal and commercial lines. CAS members served as both content reviewers and authors of the book’s chapters, which include predictive modeling foundations and methods, Bayesian and mixed modeling, and longitudinal modeling. The book’s website also features many free resources for immediate practical use, including content preview, data (.txt or .csv format) and R code (R format) for each chapter.

“Businesses are fully embracing the benefits of predictive modeling, many of which are outlined in this set,” said Glenn Meyers, a Fellow of the CAS and the book’s co-editor. “As CAS members continue to deepen our collective expertise, we are poised to continue to play a leading role in the application of these cutting edge technologies moving forward.”

This set showcases the CAS’s ongoing commitment to provide its members with extensive opportunities for predictive modeling continuing education, enabling CAS members to be leaders in the field. In addition to sponsoring this book, CAS will host two upcoming predictive modeling events: a Sept. 11 webinar, “Critical Issues in Predictive Modeling - Real World Challenges and Decisions,” and the sold-out Predictive Modeling Limited Attendance Seminar in New York City. The CAS Centennial Celebration and Annual Meeting in November will feature a book exhibition and introductory concurrent session with three of the chapter authors who will discuss Linear Models, Unsupervised Learning Models and Bayesian Methods.

Proceeds from sales of the book will go to the Actuarial Foundation, a widely respected charitable organization that promotes actuarial scholarship, as well as its Canadian counterpart, the Actuarial Foundation of Canada.

“Predictive Modeling Applications in Actuarial Science” is part of the International Series on Actuarial Science from Cambridge University Press. Volume Two is expected to be published in the fall of 2015.

Currently celebrating its 100th year, the Casualty Actuarial Society fulfills its mission to advance actuarial science through a singular focus on research and education for property/casualty actuarial practice. Among its 6,200 members are experts in property-casualty insurance, reinsurance, finance, risk management and enterprise risk management.

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