News

The Actuarial Standards Board (ASB) of the American Academy of Actuaries approved for exposure a revision of Actuarial Standard of Practice (ASOP) No. 29 now titled, Expense Provisions for Future Cost Estimates for Prospective Property/Casualty Risk Transfer and Risk Retention.

The CAS Board of Directors has adopted an updated Strategic Approach to Diversity, Equity and Inclusion (DE&I), a revised version of the strategy adopted in October 2020 that reflects member feedback received through an exposure and comment period.

The CAS is pleased to announce that Dr. Jennifer Golbeck will be presenting the keynote session “The Computer Knows Your Secrets: The Power, Challenge and Opportunities of AI + Personal Data” at the upcoming 2022 Ratemaking, Product and Modeling Virtual Seminar.

Social inflation—the impact of rising litigation on insurers’ costs—increased claim payouts for commercial auto insurance liability alone by over $20 billion between 2010 and 2019, according to a new paper by Insurance Information Institute (Triple-I), in partnership with the Casualty Actuarial Society (CAS).

The Actuarial Society of Greater New York (ASNY) is hosting a virtual career fair on Sunday, March 27, 2022, from 12-5 pm ET.

The CAS University Engagement Advisory Working Group (UEAWG) has several exciting volunteer opportunities including short-term projects! If you have any questions about the below opportunities, please email the relevant contact listed in section.

A new paper has been published on the Variance website: “Recommender Systems for Insurance Marketing” by Giorgio Alfredo Spedicato and Giuseppe Savino.

Much progress has been made since the evolving Volunteer-Staff Framework (VSF) was introduced, and with the evolution continuing into 2022, I’m excited to provide an update to the membership on the latest developments.