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Dear CAS Community,
The events of the past year have reignited calls for scrutiny on systems of racial bias and their impacts, including across various insurance industry processes and practices. The topics of disparate impact and fair and unfair discrimination are now being broadly discussed among regulators, consumer advocates, and insurers. This has encouraged CAS members and leaders to further consider what role actuaries can and should play in addressing these important issues.
The Winter 2020 E-Forum issue features four essays on communications to senior management. Those essays include:
"Communication of Technical Results to Senior Management: The Art of Storytelling" by Jonathan Charak, FCAS, MAAA, CPL
"Communicating in Crisis Situations" by Rick Gorvett, FCAS, CERA, MAAA, FRM, ARM, Ph.D.; Chris Morse, Ph.D.; and Julie Volkman, Ph.D.
"Setting the Scene for Communicating Technical Results to Senior Management" by Christopher Smerald, FCAS, FIA, MAAA
The CAS has developed a CBT tutorial video to accompany the sample questions and example solutions for CAS Exams 5-9 released earlier this month. This video walks candidates through the various spreadsheet functions and features to become familiar with prior to exam day.
Our May update about on-demand education available from UCAS features content from our recent webinars and the recent Virtual Spring Meeting.
Dear CAS Members,
The CAS is closely monitoring the continuing developments pertaining to the outbreak of the novel coronavirus (COVID-19). With the constant stream of evolving information, I wanted to provide our community with an update on the considerations and actions the CAS is taking to ensure the health and safety of our members, candidates, and other stakeholders. These include:
Cancelling the 2020 Ratemaking, Product and Modeling (RPM) Seminar set to take place March 23-25 in New Orleans.
This E-Forum contains four submissions in response to a call for papers on reserving issued by the CAS Reserves Committee (CASCOR). Also included are five independent research papers. Learn More.
Do you want to help improve the diversity of the actuarial profession? The Organization of Latino Actuaries (OLA) is looking for volunteers to help Latinx actuarial candidates navigate the job search process.
This year, we are launching the OLA Academy, a webinar series that will help participants with various aspects of the job search process like resumes, interviews, and networking. We are looking for volunteers to help participants turn these new learnings into action.
Due to the unprecedented events in recent days, the CAS has created a special half-year multiple connection subscription plan for employers who need to provide CE to
The National Association of Insurance Commissioners (NAIC) is amending the 2020 Property Casualty Annual Statement Instructions to include new requirements for property casualty appointed actuaries. The new requirements are a result of an NAIC independent consultant’s recommendations that procedures be implemented to bolster verification of a property casualty appointed actuary’s continued competency to sign statements of actuarial opinions for NAIC annual statements.
The Casualty Actuarial Society recently published a new piece of research with potential immediate applications in the P&C insurance sector. Data Quality Management in the P&C Insurance Sector is a useful tool for insurance practitioners in the fields of underwriting, executive management, accounts/financial reporting and academia. It also has helpful implications for data scientists and engineers.
This monograph covers the following topics:
Our October update about on-demand education available from UCAS features content from our recent webinars and the Virtual Casualty Loss Reserve Seminar!
WHAT: Casualty Actuarial Society (CAS) Ratemaking, Product and Modeling (RPM) Seminar & Live Stream Sessions
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:
WHAT: Casualty Actuarial Society (CAS) Virtual Annual Meeting
Arlington, VA – November 12, 2020 – Jessica Leong, FCAS, an insurance industry veteran with more than 20 years of experience, began her term as the president of the Casualty Actuarial Society (CAS) today in conjunction with the 2020 CAS Annual Meeting.
If you are unable to attend any in-person seminars or meetings, don’t worry, you still have a chance to get continuing education from the convenience of your home or office!
WHAT: Casualty Actuarial Society (CAS) Annual Meeting & Live Stream Sessions
WHO: Insurance professionals of all levels, including actuaries, predictive modelers, product managers and underwriters. Members of the press are welcome to attend sessions both in-person and via live stream and are asked to register in advance with Kate Niswander, CAS marketing and communications manager, at 703-276-3100 or kniswander@casact.org.
Complete Session Descriptions
November 12
8:00 AM – 4:30 PM (GMT-10 HAWAII)
8:00 – 9:15 am
Innovations Contribution to Financial Strength
"It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is most adaptable to change."
Charles Darwin
This includes their potential impact on our ability to safely and effectively administer exams to CAS candidates at testing sites around the world. After reviewing the latest information from the World Health Organization and U.S.
WHAT: Casualty Actuarial Society (CAS) Annual Meeting & Live Stream Sessions
WHO: Insurance professionals of all levels, including actuaries, predictive modelers, product managers and underwriters. Members of the press are welcome to attend sessions both in-person and via live stream and are asked to register in advance with Kate Niswander, CAS marketing and communications manager, at 703-276-3100 or kniswander@casact.org.
Complete Session Descriptions
November 13
8:00 AM – 5:30 PM Pacific
WHAT: Casualty Actuarial Society (CAS) Seminar on Reinsurance & Live Stream Sessions
Updated: November 16, 2020
CAS values the health and safety of our candidates and encourages all candidates to monitor their health in accordance with guidelines from the Centers for Disease Control and the Pearson VUE Coronavirus webpage.
In April 2020 word began to spread that actuarial students were having their summer internships shortened, altered, and in some cases, cancelled altogether. CAS President Steve Armstrong approached the University Engagement Committee (UEC) and proposed we find a way to assist these students by offering a program that would help them gain knowledge and experience similar to what an internship would have offered them.
