Voluntary Section Dues Descriptions
Pay for your section dues online, along with your CAS dues payment or add these items to your shopping cart separately from the Merchandise section of the Online Store.
Please note: CAS members that are not members of the AAA have an $80 ABCD fee added to their dues invoices.
CAS/SOA Joint Section
CAS/SOA Joint Risk Management Section
The mission of the Risk Management Section (RMS) is to advance the actuarial profession by assisting members of the Section with the educational, research, networking, and other specialized needs that arise in the risk management area of actuarial practice. The RMS will focus on developing solutions to unsolved problems, communicating the value of actuaries in providing solutions, and educating actuaries to meet market demands.
Joint sponsorship brings combined CAS and SOA resources to bear in the evolving world of ERM. The CAS and the SOA have been working together on several initiatives including risk tolerances, risk metrics, operational risk, and the "world class" ERM Symposium. Both CAS and SOA members will be eligible to serve on the RMS Council that guides the activities of the RMS.
The CAS Board of Directors encourages CAS members who are interested in risk management to join the RMS – the fee is a mere $25.
International Actuarial Organization (IAA) Sections
AFIR was founded in 1986 as a Section of the International Actuarial Association (IAA). It stands for Actuarial Approach for FInancial Risks and has as its objective the promotion of actuarial research in financial risks and problems.
AFIR’s most important function is organizing annual colloquia, the first of which was held in Paris in 1990. Bringing together actuaries of different countries and different disciplines, the colloquia provide a valuable forum for academics and practitioners to learn of and keep current with the fast changes occurring in the disciplines of finance, financial economics, and the management of financial risks, focusing on applications to insurance and pension funds. As well as being professionally stimulating, AFIR colloquia have social benefits as well, as they usually take place in attractive and interesting venues that contribute to a friendly and collaborative atmosphere.
ASTIN, the Section for Actuarial Studies In Non-life insurance, was created in 1957 as the first Section of the IAA. ASTIN's main objective is to promote actuarial research, particularly in non-life insurance. ASTIN is continually working to further develop the mathematical foundation of non-life insurance and reinsurance.
In most years, ASTIN also organizes an international colloquium. These colloquia bring together both academics and practitioners, and provide an outstanding form for the exchange of knowledge among actuaries of different countries and different disciplines in the application of research to practical problems. They also allow participants to keep up to date with the rapid changes occurring in the actuarial profession. Meetings usually include invited lectures, contributed papers, and panels discussing current issues. ASTIN colloquia usually take place in attractive and interesting venues, which add a friendly and collaborative atmosphere to the professional stimulation of working sessions through social and cultural activities. Many member associations of the IAA credit individual participation at ASTIN colloquia towards their continuing professional development (CPD) requirements.
In addition, ASTIN organizes seminars on non-life topics for people in countries with a developing actuarial profession. Recently, excellent seminars have been offered in Moscow, St. Petersburg, Kuala Lumpur, Bucharest, Bangkok, and Beijing. To further the growth of the actuarial profession, ASTIN also offers financial support to young researchers from such countries to attend ASTIN colloquia and the International Congress of Actuaries (held every four years).
The Casualty Actuarial Society (CAS) established the Charles A. Hachemeister Prize in 1993 in recognition of his efforts to establish a closer relationship between the CAS and ASTIN. Papers eligible for this annual prize are those appearing in the ASTIN Bulletin or presented at an ASTIN or AFIR colloquium or an International Congress of Actuaries. Emphasis in selecting the prize paper will be placed on the paper's impact for North American actuaries and practicality of application.
Created in November 2003, Actuaries Without Borders (AWB) is a special interest section of the IAA which facilitates the provision of temporary actuarial services, through the volunteer efforts of its members, in geographies where there is a lack of such resources. Recipients of these actuarial services include public entities, governmental organizations and other organizations that lack these services and/or may be in need of financial assistance to obtain such advice.
Areas of AWB activity include assistance in the development and sound management of social security, enterprise risk management, pensions, insurance (including non-life, life and microinsurance/microfinance), investments, healthcare and other infrastructures and wider areas where the actuarial skills can be of use. AWB also contributes to the awareness of the profession and the spread of actuarial education in these geographies by encouraging AWB members to take on teaching and coaching assignments.
The International Actuarial Association Health Section (IAAHS) was created by the IAA on May 17, 2003, following the success of the 1st International Health Seminar in Cancún in March 2002. The IAAHS promotes and facilitates international exchange of views, advice, research and practical information among actuaries involved with public and private health issues. These issues include policy and program design, research and planning, adequacy and services delivery, sustainability, insurance, pre-funding, and other financing methods.
The Section organizes colloquia where knowledge is exchanged among actuaries of different countries and different disciplines. IAAHS also publishes the Online Journal several times a year, and has recently created various Topic Teams, which members can join and participate in areas of interest.
The International Association of Consulting Actuaries (IACA) was formed following an informal meeting of several senior consultants attending the International Congress of Actuaries in 1958 who, because the business environment for consulting actuaries was changing so rapidly, felt that an international meeting once every four years was too infrequent. IACA was established as a separate organization and in 1960 began to hold meetings every other year. These biennial meetings have continued in many locations around the world through 2004. IACA was approved as a Section of the IAA on April 18, 1999, and at IACA's general meeting in 2000, the IACA membership confirmed this change.
IACA continues to organize its biennial meetings, some of which are part of the International Congress of Actuaries. IACA also presents international sessions at the meetings of national consulting actuarial organizations such as the Conference of Consulting Actuaries in the United States and the Association of Consulting Actuaries in the United Kingdom. IACA organizes consulting sessions at colloquia held in conjunction with other IAA Sections and at meetings where consulting actuarial input can be useful, such as the East Asian Actuarial Conference and other insurance and financial organizations' meetings. IACA provides a regular newsletter to its members on its activities including details of IACA's research activities and publications that are of interest to IACA members.
Created in November 2003, the Pensions, Benefits and Social Security Section (PBSS) is a special interest section of the IAA which serves actuaries around the world with personal, professional, educational, or research interests in social protection as well as actuaries with interests in the commercial, social, and public policy issues concerning the provision of pensions and other benefits. The scope of the PBSS covers public programs and private pension plans, mutual benefit organizations, commercial insurance and pension company contracts, annuities, share options, and other employee benefit provision.
PBSS provides a platform for discussing technical and public policy issues, with an emphasis on how to best leverage the international character of its membership. Not only do PBSS members generate research, they act as catalysts for building the intellectual capital of the profession. This diverse Section also encourages non-actuaries with a public policy and research interest in social protection matters to join the PBSS and participate in its activities, thus enriching the Section’s discussions and deliberations.