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CAS Releases Results From Actuarial Technology Survey

The Casualty Actuarial Society (CAS) has released results and analysis from its first survey on technology used by actuaries. The first annual CAS Actuarial Technology Survey features responses from over 1,200 CAS members and candidates and provides insight into preferred technology tools, self-reported proficiency levels, technology barriers, preferred techniques and potential areas to expand the actuarial tool box.

“Although these kinds of surveys have been done for data scientists and programmers, this is the first of its kind for the actuarial profession," said CAS Research Actuary Brian Fannin. “This survey helps us understand where actuaries are currently focusing their time and what tools they are using to solve risk management problems. Having this baseline will give us new insights that help the CAS, actuaries and their employers better understand opportunities where we might concentrate future research, and potential areas of focus in our basic and continuing education. One of the overarching goals of the CAS is to equip actuaries with the skills to tackle the analytical challenges in our data-rich world. This survey is a new and important element of achieving that goal.”

Complete results from the survey can be accessed on the CAS website. Data and analysis code is available on GitHub.