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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.
We are excited to announce that Alex Salkever, renowned writer, futurist, and technology leader, will be the featured speaker at the upcoming 2023 CAS Annual Meeting. With his extensive knowledge and expertise in the intersection of technology and society, Alex Salkever promises to deliver an enlightening and thought-provoking discussion.
Registration is now open for all qualified candidates.
To be eligible for the Course on Professionalism you must meet one of the following sets of criteria:
Exam syllabi for CAS October/November 2023 Exams 6-Canada, 6-International, 6-United States, and 8 and Content Outlines for CAS October/November 2023 Exams MAS-I, MAS-II, and 5 are now available on the Exams & Admissions section of the CAS website. October/November registration will open in mid-July.
The complete October/November 2023 exam schedule is as follows:
Attention all members of the Casualty Actuarial Society! Don't miss out on the opportunity to attend the Casualty Loss Reserves Seminar, taking place from September 11-13 at the Signia by Hilton Orlando Bonnet Creek hotel in beautiful Orlando, Florida.
The purpose of this CAS Webinar is to provide insight into the decreases in loss development factors observed in recent years in the State of New York. This research brief explains the loss development concept, describes the loss development factors observed in recent years, investigates several drivers of the observed decreases, and offers an analysis of their absolute and relative impact.
