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When I heard that a new organization called the Sexuality and Gender Alliance of Actuaries (SAGAA) had been formed, I was thrilled. As a bisexual woman who didn’t feel comfortable being “out” at work, this felt like the actuarial organization I didn’t know I needed. I’m now out and on the board of SAGAA, and I hope that the organization can make all actuaries who identify as LGBTQIA+ (Lesbian, Gay, Bisexual, Transgender, Queer, Intersex, Asexual, plus others) feel comfortable being who they are.
2017 CAS UNIVERSITY AWARD WINNER - UNIVERSITY OF WISCONSIN - MADISON
Every three years there is a change in the leadership of the CAS Admissions Committees. Three years ago, Jeanne Crowell started her tenure as vice president-admissions, I became chairperson of the Candidate Liaison Committee (CLC) and Jason Russ became the chairperson of the Syllabus and Examination Committee (SEC). Now that terms are up, we are welcoming our respective replacements William Wilder, Laura Hemmer and Jim Sandor. Laura Hemmer, who is taking over my role, has prepared by serving as vice chairperson for the past year.
Save the date and stay tuned for more details on the following CE opportunities.
Ratemaking, Product, and Modeling (RPM) Virtual Seminar
March 15-17, 2021
The RPM Seminar Planning Committee is putting on this three-day virtual event complete with:
There are several approaches to conducting research that can be utilized by CAS Research and Development Committees:
From Article VIII, Section 4 of the CAS Bylaws
“A Fellow, Associate or Affiliate who has ceased to be a member because of failure to pay dues, or by voluntary resignation, may be reinstated by a majority vote of the Board of Directors upon payment of a reapplication fee, to be set by the Board of Directors, and such payment may be partially or fully waived by the Board at its discretion”.
CAS Membership Reinstatement Process
CAS Code of Professional Conduct
(As Amended November 12, 2000)
(Effective Date: January 1, 2001)
The purpose of this Code of Professional Conduct ("Code") is to require Actuaries to adhere to the high standards of conduct, practice, and qualifications of the actuarial profession, thereby supporting the actuarial profession in fulfilling its responsibility to the public. An Actuary shall comply with the Code. An Actuary who commits a material violation of the provisions of the Code shall be subject to the profession's counseling and discipline procedures.
The Importance of Adverbs on Exams
By Steven D. Armstrong, FCAS, Examination Committee General Officer
During the creation of the CAS exams, the writers, Part Chairs, and General Officers pore over the meaning of every word in each question to ensure that the question is not ambiguous and that it prompts the test-taker to provide enough information to demonstrate required mastery of the relevant subject material.
As part of the CAS Strategic Approach to Diversity, Equity and Inclusion (DE&I) adopted by the Board of Directors in September 2020, the CAS has committed to setting concrete goals and maintaining transparency and accountability on progress on our DE&I initiatives. To this end, we have built a set of detailed demographic metrics for CAS members and candidates, designed to help us understand the current state of diversity in the CAS, set goals, and track changes over time.
The Organization of Latino Actuaries (OLA) is a group of hardworking individuals whose mission is “to increase the number of Latino Actuaries by promoting the profession and providing guidance, mentorship, and networking opportunities.” I recently got the opportunity to speak to Danny Fernandez, FCAS, one of OLA’s founders and its current president. As a member of the OLA Board of Directors, Fernandez spoke about many of the initiatives OLA has undertaken since its incorporation in 2017.
Chartered Enterprise Risk Analyst (CERA)
The CAS is an award signatory for the Chartered Enterprise Risk Analyst (CERA) credential.
Learn more about the CAS awards for research papers, awards for service to the profession, and scholarships, including the CAS Trust Scholarship.
CAS Honors Excellence in Actuarial Science
Last year, the CAS announced that the Board of Directors unanimously approved rescinding the three CAS Statements of Principles related to ratemaking, reserving, and valuation, for the reasons discussed therein. Since then, members and other stakeholders have raised concerns with the Board’s action, specifically related to the Statement of Principles regarding Property and Casualty Insurance Ratemaking.
It is said that a journey of a thousand miles begins with one step. Using Pearson VUE computer-based testing (CBT) services for the Fall 2020 exam sitting represented that one step for the Casualty Actuarial Society (CAS).
Engaging Pearson is expected to have numerous benefits for candidates in the future. These include the ability for questions to simulate real-world scenarios, additional testing opportunities, scheduling flexibility and, one day, maybe even preliminary results for multiple choice exams.
The Candidate Liaison Committee (CLC) is a group of about 25 volunteers who work to be the conduit of information and feedback between the CAS and the candidates who are taking CAS exams. William Wilder, CAS Vice President-Admissions, put it best at the CLC’s recent, virtual annual meeting: “The CLC is the voice and the ear of the candidates.” We are excited to welcome four new CAS members to the CLC.
Ildiko Ban joins the committee from North Vancouver, Canada.
