News

The Ratemaking, Reserving, Reinsurance, and Risk research working groups of the Casualty Actuarial Society are jointly sponsoring a peer-reviewed call for essays on social inflation. A total prize fund of $10,000 is available for essays submitted in response to the call. Both CAS members and non-members are eligible to submit essays.

A new report from the Canadian Institute of Actuaries (CIA) and the Casualty Actuarial Society (CAS) analyzes the impact of marijuana decriminalization on the vehicular accident experience in Canada and the United States. The study did not detect any statistically significant impacts of decriminalization on the car accident fatality rate, insurance claim frequency or average cost per claim, particularly over the long term.

The full program of sessions at the 2022 ASTIN and AFIR/ERM Virtual Actuarial Colloquia, June 21-24, is now posted to the Colloquia website.

The ASTIN and AFIR-ERM Sections of the International Actuarial Association and the Casualty Actuarial Society announce that registration is now open for the 2022 Virtual Actuarial Colloquia, June 21-24. This comprehensive event will feature plenary session addresses from Drs. Greg Taylor and Steve Mildenhall on model error and estimation and pricing insurance risk, respectively.

The Joint Risk Management Section of the Canadian Institute of Actuaries, the Casualty Actuarial Society, and the Society of Actuaries will oversee an online survey to help understand individual risk managers' perspectives on emerging risks.

Last year, the CAS announced that the Board of Directors unanimously approved rescinding the three CAS Statements of Principles related to ratemaking, reserving, and valuation.

CAS CEO Victor Carter-Bey shared his thoughts on why young professionals should consider a career in insurance.

The world is going through an extraordinary event. Since it first appeared in Wuhan, China, in late 2019 (“First Covid-19 Case Happened in November, China Government Records Show - Report” 2020), the coronavirus has spread rapidly to most of the world’s population. Indeed, one of the difficulties of writing an article like this is to keep up with the pace of change. An earlier draft had included specific references to the current number of countries and individuals who had been affected. It took only a few days for those numbers to be badly short of the mark.