Twenty-Five Years Ago in The Actuarial Review
Expansion of the CAS
By Walter C. Wright

In his column, CAS President W. James MacGinnitie described the rapid growth of the CAS in the years leading up to 1980. Following are extracts from his column, along with notes, in parenthesis, showing comparable figures for 2005.

The Casualty Actuarial Society continues to grow and prosper. A review of our new Year Book shows a net increase in membership of nearly 8%, to 845.

(The 2005 Yearbook shows a one-year increase of 3.7%, to 3,988.)

The number of our members active in consulting has grown rapidly in recent years, and many of the companies not employing CAS members retain consultants. Ten years ago there were 36 consultants listed in the Year Book; in the 1980 Year Book, the number has grown to 87.

(The 2005 Yearbook states that there are now 710 consultants.)

Our membership in Canada also has grown rapidly in recent years. Ten years ago there were only nine active members in Canada, and several of them were active in fields other than property-casualty insurance. Now there are 30, all but a few of whom are active in the property-casualty field.

(The March 2005 Membership Directory lists 258 members in Canada. In addition, it lists 76 in Bermuda, 34 in the U.K., 20 in Switzerland, 10 in Hong Kong, and another 62 located in 20 other countries.)

Members of the CAS are currently employed by 19 different regulatory jurisdictions; in 1970 the number was 10.

(The March 2005 Membership Directory lists members at 28 state and two provincial insurance departments in the United States and Canada.)