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The CAS is issuing a Request for Proposals (RFP) for a research paper which studies and discusses the actuarial considerations associated with IFRS-17 implementation for general insurers in Asia.
The CAS Nominating Committee wants your input on the slate of candidates for the 2023 CAS elections for the Board of Directors and President-Elect. Any member may submit a nomination, and if you are a Fellow of the CAS, you are welcome to nominate yourself. Fellows may also submit a petition to be placed on the ballot; see additional details on petitioning below.
As an incentive for encouraging nominations, the CAS will award up to ten $100 Amazon gift cards to individuals whose nominees are selected by the Nominating Committee to be included on the 2023 ballot.
The Exam 7 working group is looking for volunteers to round out their writing roster. A Writer is someone who has passed the exam and is expected to have a strong understanding of covered topics for the exam. The Writer may be a top performer from a recent exam sitting. Additionally, a Writer is a Fellow of the Casualty Actuarial Society.
We are looking for subject matter experts who are familiar with CAS Exam 7, specifically with the following domain/subdomains:
Exam 7 Domain
Estimation of Claims Liabilities
Subdomains:
The General Officer of the CAS Syllabus and Examination Committee has released a memorandum outlining approved changes for the October/November 2023 CAS source materials. This memorandum was updated on April 6, 2023.
With the growing threat of cyber incidents, organizations and governments are rightfully concerned. In recent years, cyber incidents have caused significant losses to entities and insurers across the world. Therefore, there is a need to understand and provide greater context around the topic of catastrophic cyber risk, which has implications for insurance companies, reinsurers, regulators, consumers, and society. Taking a multi-disciplinary, holistic approach, an expert panel study was conducted on catastrophic cyber risk in this four-part series of discussions and subsequent reports.
The 2023 Hachemeister Prize has been awarded to the paper “Ensemble distributional forecasting for insurance loss reserving.” The Hachemeister Prize is awarded annually to ASTIN Bulletin, ASTIN Colloquium or AFIR Colloquium paper(s) based on several criteria but with emphasis placed on the paper's impact in the
The CAS Nominating Committee is pleased to announce the President-Elect and Board candidates for the 2023 CAS elections. Voting members (Associates who have been members at least five years and Fellows) will cast ballots in August to elect four directors from among the eight candidates.
President-Elect: David Cummings
Candidates for Board of Directors:
Registration for October/November exams will open on July 11, 2023. Candidates will be notified directly when registration opens.
Actuarial candidates know that the exams cover real-world concepts that are necessary to be actuaries. But there are more ingredients that go into career success than passing exams. Let’s explore a couple of the necessary skills that can round out a candidate’s profile for employers.
While many people know they want to be an actuary in college and move straight to the insurance industry after graduation, a good segment of the actuarial population is career changers – people who worked in a different field, often for many years, before taking on an actuarial role. The reasons for making this switch are varied, but career changers generally bring valuable perspectives and experience to their actuarial roles. To give further insight on what it’s like to become an actuary after working in a different field, below are three current actuaries’ stories.
Arlington, VA -- Research reports designed to guide the insurance industry toward proactive, quantitative solutions to identify, measure and address potential racial bias in insurance pricing were published by the Casualty Actuarial Society (CAS) today.
Volunteers are core to the success of the CAS, and there are many ways in which you can be involved. While this article covers what volunteer opportunities are available for candidates, ACAS and FCAS members, future articles will look more closely at some of the specific volunteer opportunities.
For our second installment of our Practical Professionalism series, we’re going to look at the following hypothetical scenario:
An actuary is told by upper management to complete an auto rate filing with very little turn-around. Since the actuary is already extremely busy with other work, they decide to utilize ChatGPT. ChatGPT creates the filing memo for the actuary along with several other exhibits. The actuary submits the filing without checking ChatGPT’s work.
In the last issue of Future Fellows, the CAWG kicked off a new series with the goal of taking your questions and answering them in each issue. We invite you to send us your questions by emailing CAWG@casact.org. All questions will be posted anonymously and answered by members of the CAWG.
Q: Has Future Fellows ever published an article on exam grading? Where can I find old articles?
Ever wish the CAS were more … local? Unless you’re living around the D.C. metropolitan area, odds are it’s a long trip to CAS headquarters in Arlington, Virginia. To help with localization, the CAS recognizes 17 Regional Affiliate organizations, each with a unique approach to serving the P&C actuarial professional in their geographic area. Although one common focus of these groups is helping credentialed members to meet their annual continuing education requirements, they’re more than a one trick pony!
Information on study aids and seminars is provided only as a convenience to CAS candidates. The CAS takes no responsibility for the accuracy or quality of the study aids and seminar announcements attached to this notice.
Please note that the Syllabus and Examination Working Group expects candidates to read the material cited in the Syllabus and to use other material as a complement to the primary sources rather than a substitution for them.
Actex Learning/Mad River Books
Exams 1, 2, MAS-I, MAS-II, 5, 6, 7, 8, 9 & VEE
Join some of our most popular sessions from 2022 and get organized CE! The CAS has organized a virtual event on June 27, 2023 from 10:00 AM – 5:30 PM EST. This seminar features five exciting sessions.
Group registration is available.
The nomination window has been extended through Friday, June 30th.
Have you worked with a CAS volunteer who performed far beyond what was expected of him or her? Consider nominating them for one of the following volunteer service awards:
The CAS Board’s Governance Task Force (GTF) has received recommendations from an independent consultant for enhancing our governance system to align with governance best practices for professional membership organizations. The recommendations focus on the overall governance structure, Board policies and procedures, and roles and responsibilities.
Join the International Association of Black Actuaries (IABA) in Chicago, August 3rd through 5th for an extended weekend of professional and career development activities. Featuring over 80 of the profession’s premier employers, this event will help you take your actuarial career to the next level. Our incredible slate of speakers will inspire you and provide invaluable insight. Join us as we embark on this new chapter! REGISTER TODAY!
We are looking for a Ratemaking Consultant, a Reserving Consultant, and Pre-Testers to assist with CAS Exam 5 Basic Ratemaking and Estimating Claim Liabilities!
The Casualty Actuarial Society (CAS) is pleased to announce the winners of the 2023 CAS Trust Scholarship! This honor was created to further students’ interest in the property and casualty actuarial profession and encourage the pursuit of the CAS designations.
