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The Actuarial Standards Board (ASB) of the American Academy of Actuaries approved an exposure draft of a revision of Actuarial Standard of Practice (ASOP) No. 20, now titled Discounting of Property/Casualty Claim Estimates. The ASOP applies to actuaries when performing actuarial services that involve the discounting of claim estimates for property/casualty coverages to a present value.
This webinar is 90 minutes.
This webinar is complimentary to non-North American audiences in the CAS.
This webinar will address COVID and pandemic modelling as a new area for actuaries to consider across varied practice areas. It will attempt to analyse and understand the factors influencing COVID outcomes in different parts of the world by comparing examples in UK and some sub-saharan African countries. The webinar will cover the basics of disease spread modelling, its data needs and how to incorporate assumptions to use for scenario modelling.
PLEASE NOTE: This webinar has been moved from May 24 to September 29, 2022.
The pet insurance market in the United States has been growing fast for years and this market growth was accelerated in 2020 by the "pandemic puppy boom". But, the profitability of pet insurance carriers has been underwhelming recently due to high levels of veterinary services inflation, escalating loss cost trends and expanding care demands of pet owners.
At CNA we are building a next-generation data and analytics foundation as part of our transformation to an AI-driven Insurance organization. The key pillars of this transformation include:
Presentation will begin with an overview of the Insurance Information Institute’s (Triple-I) quarterly insurance economics outlook and underwriting projections, prepared by their economists and actuaries. The presentation will then transition to Triple-I’s perspective on key risks and opportunities facing the insurance industry.
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What should every actuary know about doing work outside of the United States? We'll review the Actuarial Code of Conduct, and give an overview of the International Actuarial Association (IAA). We will also go through a couple of examples of International Work to figure out what Actuarial Standards of Practice may apply!
When the CAS has a Global focus - all CAS members should have some basic knowledge of what Professionalism means internationally.
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This presentation will share ideas on how actuaries can create a pricing framework using next generation technologies. First, we will compare and contrast existing pricing frameworks leveraging common analytics software such as Excel and Access/PowerBI to cloud-based solutions.
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How has Covid-19 impacted the insurance industry results? For potential covid losses, insurance companies booked IBNR during calendar year 2020 and 2021 : are these losses materializing?
COVID has also resulted in delays in cases going to trial. How will these delays ultimately affect insurance claim payouts? New data exists to measure this effect via a tool that merges attorney records with claim data.
And Covid-19 remote working impacted significantly the insurance industry. What can we expect post-Covid?
The CAS expects to release all results for the April/May 2022 sitting on or before June 24, 2022.
Results will be released between 11:00am and 12:00pm ET. Candidates will be notified via email when their exam results are available. Candidates will access their exam grade for the April/May 2022 sitting in the “My Exams” section of their online CAS profile. For candidates that did not pass, a grade report will be available.
Reunited. Reignited. A Family Affair
Join the International Association of Black Actuaries (IABA) in New Orleans August 11-13 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. It truly will be a family affair!
IABA members get a discounted admission to the conference.
Imagine for a moment that all the volunteers who contribute to the various non-profit and professional organizations you are aware of stopped giving their time to support the organizations. What would happen? Almost all of them would cease to exist, right? Yep! The same is true for our beloved Casualty Actuarial Society. The volunteers who serve on various working groups, grade exams, put together this newsletter and all the other roles in between are the lifeblood that sustains the CAS. As a volunteer, you are so important to our success!
Hopefully, everyone has seen the CAS Admissions Transformation Plan (ATP), which details CAS plans for the future of admissions. If not, please check out casact.org/atp. The ATP has a wealth of details and milestones on what changes you can expect in the next few years as CAS Admissions evolves, but there’s also a lot of words in there that have specific meanings to the CAS.
I hope you all have been enjoying a well-deserved break and have been able to disconnect from exams over the past couple of weeks. While I respect that many of you probably aren’t quite ready to start thinking about the next exam, they are unfortunately just around the corner. That is why now is the perfect time for the Candidate Advocate Working Group (CAWG) to share a fresh new set of strategies to help you prepare for a productive sitting.
Environmental, social and governance (ESG) values have been at the core of the insurance industry’s DNA for decades, but these principles have been more formally structured and institutionalized in the last decade. This has provided actuaries the opportunity to apply our innovation and expertise in new and expanded ways within and outside the insurance industry to help build a more resilient, sustainable and inclusive society.
The actuarial profession is changing rapidly, fueled by the rise of advanced analytics, technological advancements and volumes of data that we could never have previously dreamed of. As these key influences provide an opportunity to transform our profession, actuaries will be faced with new challenges and will increasingly cross-collaborate with other insurance stakeholders.
The ARECA Scholarship committee is pleased to announce this year’s winners of the ARECA Scholarship:
Xiang Liu, Tsz Ching Chan and Pui Yi Lai.
This webinar is 90 minutes.
This webinar is complimentary to non-North American audiences in the CAS.
We will be discussing the state of the cyber market as well as current trends, including various terms and conditions components, supply chain issues, and a view from the regulators. Impact of ransomware and war exclusions are front and centre in the current environment globally and will be discussed from multiple angles.
Dear CAS members and community,
In response to valuable feedback provided by our membership, as well as lessons learned over the last year of Diversity, Equity & Inclusion (DE&I) activities, the Board recently took the opportunity to review and consider revisions to the CAS Strategic Approach to DE&I. The Board has committed to reviewing this strategy on an annual basis to ensure that our efforts evolve over time in response to community input, strategic successes and challenges, and changing environments.
The Casualty Actuarial Society (CAS) is pleased to announce the addition of two new staff members to support CAS’s important mission to educate property and casualty actuaries and help realize the organization’s bold envisioned future. Joyce Warner, CAE, has joined the organization as the CAS’s chief business officer; in this role, Warner will work with the CAS executive team to help plan and execute critical organizational-level projects, while also overseeing corporate relations, strategic affiliations and the CAS International division.
Donald F. Mango, FCAS, one of the Casualty Actuarial Society’s most prolific researchers and selfless volunteers, has died at the age of 58. Don’s passing was first announced in the New Jersey Star Ledger and through a release by Everest Re Group.
