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Casualty Actuarial Society Announces Inaugural Winners of CAS University Award Program

06/01/2016 —

Casualty Actuarial Society Announces Inaugural Winners of CAS University Award Program

2016 Honorees include Illinois State University, University of California, Santa Barbara,
University of Connecticut, and University of Illinois at Urbana-Champaign

June 1, 2016 Arlington, VA – The Casualty Actuarial Society (CAS) is pleased to announce that four universities have been selected as recipients of the 2016 CAS University Award, an honor created to recognize schools doing exemplary work in preparing students for a career in the property and casualty insurance industry. The schools honored in the program’s inaugural year include Illinois State University, University of California, Santa Barbara, University of Connecticut, and University of Illinois at Urbana-Champaign.

As the world’s only actuarial organization focused exclusively on property and casualty risks, the CAS is dedicated to fostering the development of the next generation of property and casualty actuaries, and supports and encourages universities to expose their students to opportunities in the property and casualty insurance industry. Historically, the awareness of actuarial students of the property and casualty industry at the university level had been limited; however, with the growth in interest of actuarial careers, as well as the ever-increasing demand for the skills of credentialed property and casualty actuaries, schools have had success incorporating property and casualty curriculum into their programs.

Recognizing these changes, the CAS decided to celebrate and honor schools doing extraordinary work preparing future property and casualty actuaries by creating the CAS University Award Program. The program was introduced in 2016, and will be conducted on an annual basis. The goal of the award is to facilitate the promotion and sharing of ideas within academic communities.

The selection process for the first annual CAS University Award Program was extremely competitive, with 24 schools throughout North America, Asia, and Australia responding to a call for nominations for the award.  Schools completed an application process to share the ways they are excelling in exposing their students to the property and casualty insurance industry in the areas of curriculum, research, industry engagement, and innovation.

Winners of the 2016 CAS University Award Program were determined by a panel of judges from companies across the property and casualty insurance industry.

“The selection process was a challenge because there are so many schools doing really exciting work to prepare our future members,” said Chris Coleianne, a Fellow of the CAS who chaired the CAS University Award Program. “The judges were extremely impressed by the caliber of the applications received. It is clear that with the evolution of the property and casualty industry, colleges and universities have made significant efforts to ensure that their students are fully prepared for a career in the industry.”

The four winning schools will each receive a $5,000 monetary award to further enhance their programs. They will also be recognized at the 2016 CAS Annual Meeting, taking place November 13-16, 2016 in Orlando, FL.

About the Casualty Actuarial Society
The Casualty Actuarial Society (CAS) is a leading international organization for credentialing and professional education. CAS credentials demonstrate the expertise to identify, analyze and advise on the potential financial impact of risk and uncertainty. Professionals educated by the Casualty Actuarial Society empower business and government to make well-informed strategic, financial and operational decisions.

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