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The American Academy of Actuaries, which sets standards for qualification, practice, and conduct for actuaries practicing in the United States, has revised the standards defining the qualifications of actuaries who issue statements of actuarial opinion (SAOs) in the United States. The revised Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States (USQS) will replace the existing qualification standards as of Jan. 1, 2022.
Don’t miss your last chance for organized CE from the Casualty Actuarial Society this year!
The CAS has organized a final virtual event in 2021, taking place December 8 from 9:30 AM – 5:00 PM ET. This virtual seminar features four sessions, as well as the opportunity for live video discussion with other attendees on the conference platform.
This webinar is complimentary to CAS Members.
Got exciting career news to share with us? Whether you got a promotion, won an award or were nominated to a board of directors, we want to hear about it. Fill out this form to let us know!
Balloting for the 2021 CAS election closed on August 31, 2021.
Roosevelt Mosley has been elected President-Elect.
Justin Brenden, Kathy Olcese, Yvonne Palm, and Jason Russ have been elected to the Board of Directors.
According to the election procedures approved by the Board, all vote counts are released to the membership. These follow:
President-Elect
Roosevelt Mosley 2,317
The CAS expects to release results for the Fall 2021 exam MAS-II on November 30 and MAS-I no later than the week of December 6. The results for Exams 5, 6-Canada, 6-International, 6-United States and 8 will be released mid-December.
Results will be released between 2:00 and 3:00 p.m. ET. Candidates will be notified via email when their results are available. Candidates will access their exam grade for the Fall 2021 sitting in the “My Exams” section of their online CAS profile. For candidates that did not pass, a grade report will be available.
This is the first article in an occasional series profiling either a credentialed actuary or a CAS staff member. Our inaugural article does both as I interviewed Mallika Bender, FCAS and CAS Staff Actuary for Diversity, Equity and Inclusion.
Laura Hemmer: Hi, Mallika, and thanks for joining me. First things first: How did you first become interested in being an actuary?
The year 2020 was a watershed year for CAS candidates. In terms of exams, the Spring Exam sitting was cancelled, the CAS moved all exams to a computer-based testing (CBT) format, and the CAS decided to no longer release the exams after the sitting. We’ve all had to adjust, adapt and accept these changes. Therefore, with two sittings of CBT exams under our collective belts and a third sitting coming up, we have some CBT study tips!
We’ve narrowed down our tips to two major themes after reflecting our own experiences and speaking with other candidates:
Two new papers have been published on the Variance website:
Pricing Cyber Insurance for a Large-Scale Network
Lei Hua and Maochao Xu
The paper proposed an approach to pricing cyber insurance for a large-scale network using synthetic data generated by a flexible algorithm that considers both risk spreading and recovering.
Working with a Parametric Copula-Based Model for Individual Non-Life Loss Reserving
Roxane Turcotte, Hélène Cossette, and Mathieu Pigeon
Maryellen Coggins, FCAS, CERA, began a one-year term as president of the American Academy of Actuaries earlier this month. The Academy is a national professional association of actuaries with more than 19,500 members.
Established in 2016, the CAS University Award Program celebrates and promotes universities for the innovative and exemplary ways they prepare students for a career in the property and casualty insurance industry. Each year up to three schools are honored through this program. The winners each receive substantial recognition, such as on the CAS website and in a press release, as well as a monetary award of $5,000 to further enhance their programs.
The purpose of this seminar is to provide information on a variety of reinsurance topics. Practical approaches to problems will be presented and discussion will be encouraged. Participants can expect to gain awareness and insight into difficult issues and are encouraged to share their own ideas.
The purpose of this seminar is to provide information on a variety of reinsurance topics. Practical approaches to problems will be presented and discussion will be encouraged. Participants can expect to gain awareness and insight into difficult issues and are encouraged to share their own ideas.
Exam syllabi for CAS Spring 2022 Exams, MAS-I, MAS-II, 5, 6-Canada, 6-International, 6-United States, 7 and 9 are now available on the Exams & Admissions section of the website. Spring 2022 registration will open at the end of December.
The complete Spring 2022 exam schedule is as follows:
The CAS Spring Meeting Working Group is seeking additional member volunteers. Please see description below and if you are interested in joining this working group, please reach out to CAS International and Online Professional Education Manager, Nora Potter (npotter@casact.org).
Deadline: December 31, 2021
Submit Here
The Casualty Actuarial Society invites you to be a part of the CAS Webinar planning process. The Webinar Committee is soliciting your submission of proposals for upcoming CAS Webinars in the months of April through December, 2021.
The ARECA Scholarship committee is pleased to announce this year’s winners of the ARECA Scholarship:
Christian Evan Chandra, Haonan Li, and Yupei Ma.
The 2017 Ratemaking and Product Management (RPM) Seminar Planning Committee invites you to join us in San Diego, CA for this three-day event that provides educational opportunities on Ratemaking, Predictive Modeling and Product Management.
This is a professionalism webinar.
Learn More
