CAS Launches New Scholarship

The CAS has established a new scholarship program for students pursuing a career in actuarial science. The CAS Trust Scholarship Program will award up to three $1,500 scholarships to deserving students for the 2002-2003 academic year. The scholarship's intent is to further students' interest in the property/casualty actuarial profession and encourage pursuit of the CAS designation. A committee comprised of academic professionals and External Communications Committee and University Liaison volunteers will administer the scholarship in conjunction with the CAS Office.

Applications are available in the "Academic Community" section of the CAS Web Site (www.casact.org).

To be eligible, an applicant must be a U.S. or Canadian citizen or permanent resident and admitted as a full-time student to a U.S. or Canadian institution. Applicants must also have demonstrated high scholastic achievement and strong interest in mathematics or a mathematics-related field.

Recommendations, transcripts, actuarial exam results, work experience, and written essays will all be considered in selecting the award recipients. Completed applications for the upcoming year are due by May 1, 2002. Additional details on application requirements are available through the CAS Web Site.

Established in 1979, the Casualty Actuarial Society Trust affords CAS members and others an income tax deduction for funds contributed and used for scientific, literary, or educational purposes. Trust donations from 1997 to 2001 from D.W. Simpson and Company have totaled $60,000 and helped the Trust balance reach a level that would support an annual scholarship program.