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"President’s Message: Bootstraps, Leadership & Uber: A Conversation with Frank Chang” is the first in a new video series presented by Actuarial Review. In this first interview, CAS President Jessica Leong talks with Uber’s Frank Chang, FCAS, about the new CAS Strategic Plan, his thoughts on the future of insurance, and his current role with Uber. The video series features conversations with prominent actuaries and is designed for career-minded professionals. Look for more in the series on the CAS YouTube Channel.
Have you ever been studying for an exam and thought, "Why am I learning this stuff? When am I ever going to use any of it?" If so, you are in luck! This is the first in a series of articles examining how content from CAS exams are used in real life. First up is Modern Actuarial Statistics-I (MAS-I).
Have you ever been studying for an exam and thought, "Why am I learning this stuff? When am I ever going to use any of it?" If so, you are in luck! This is the second in a series of articles examining how content from CAS exams are used in real life.
I have always felt that Exam 5 is the first uniquely actuarial exam, and Exam 6 is the exam that makes you finally feel like an actuary. When you pass Exam 6, you will find yourself vastly more knowledgeable on general P&C insurance regulations, history and financials, and insurance’s role in society.
Registration is now open for the Spring 2021 CAS Exam Sitting, for exams MAS-I, MAS-II, 5, 6-Canada, 6-US, 7, 8 and 9. The registration deadline will be April 9, 2021 at 11:59 PM ET. For exam dates and additional information, visit the exam registration page.
The recording of the October 28, 2020 Admissions Webinar is now available for viewing in the CAS online learning platform. Recorded in advance the Fall 2020 Exam sitting, the webinar for candidates featured a conversation with CAS leadership to hear the latest updates related to the delivery of exams via computer-based testing (CBT) through the CAS partnership with Pearson VUE.
https://www.casact.org/admissions/syllabus/index.cfm?fa=7syllabi&parentID=167
The Casualty Actuaries of New England (CANE), an affiliate of CAS, has released the agenda for their virtual spring meeting, 2021.
Sample Integrative Questions
As originally announced in the December 2016 issue of Future Fellows, the CAS is gradually moving towards an integrative testing framework for Fellowship exams. Integrative Questions (IQs) require candidates to understand multiple facets of the syllabus material and concepts in addressing complex business problems in a single exam question.
IQs were first introduced in Spring 2017 on Exam 9, and were included on Exams 7, 8, and 9 in subsequent sittings. The CAS has received and considered candidate feedback on IQs following each sitting.
The Asia Region Casualty Actuaries (ARECA), the Casualty Actuarial Society's Regional Affiliate in Asia, is pleased to announce its new leadership for 2020. Judy Ng, FCAS, Director at KPMG Singapore, will succeed Guanjun Jiang, FCAS, as the new President of ARECA. Jin Wang, FCAS, Chief Actuary of Zurich General Insurance Company (China) Limited in Shanghai, will become ARECA's President-Elect.
Session 1 - Social Inflation
Tim McCarthy, ISO
Presentation
Session 2 - Scenario Testing COVID-19 Assumptions with Predictive Models
Ralph Dweck, ISO
Presentation
ARECA is pleased to announce the 2020/21 scholarship competition for current undergraduate students in the Asia Pacific region who are interested in pursuing the actuarial profession. Learn More.
Fall Meeting Agenda – November 5th, 2020 GoTo Virtual Meeting
Presentations will be available at https://www.casact.org/community/affiliates/bace/. The order of presentation and times may change in order to speakers, technological issues, and other circumstances.
ANTITRUST NOTICE
Midwestern Actuarial Forum
Fall 2020 Meeting Minutes
September 30, 2020 and October 1, 2020
Virtual Webinar
The Fall 2020 meeting of the Midwestern Actuarial Forum was called to order at 9:00 am on Wednesday, September 30, 2020 via virtual webinar by Ann Chai, President. There were 400 people registered for the webcast.
The meeting started with a welcome from Ann Chai.
Actuarial Inclusion, Equity and Diversity Update - Recent Developments and How To Get Involved
Presentation 1
Presentation 2 (SAGAA)
Presentation 3 (IABA)
Presentation 4 (OLA)
Links
CANE 2020 Fall Meeting Agenda
https://www.casact.org/community/affiliates/areca/2019-ARECA-Newsletter-Volume-1.pdf
CAS research committees have oversight responsibility for the various CAS research prizes, including those chosen as part of call paper programs. Certain prizes, such as the Hachemeister Prize and Michelbacher Significant Achievement Award, have a committee solely devoted to picking prizewinners. But, for call paper programs, a prize committee with a separate prize committee chairperson should be selected to coordinate each prize paper selection.
CAS research committees have oversight responsibility for the various CAS research prizes, including those chosen as part of call paper programs. Certain prizes, such as the Hachemeister Prize and Michelbacher Significant Achievement Award, have a committee solely devoted to picking prizewinners. But, for call paper programs, a prize committee with a separate prize committee chairperson should be selected to coordinate each prize paper selection.
It feels like an age of megadisasters, Case in point:
1992: Hurricane Andrew causes insured losses far beyond what experts predicted.
2008: Global markets melt down.
2020: Pandemic ravages the world.
Each of these events was devastating, but they had something else in common: Few saw them coming, but more people should have.
Publicizing the results of research projects is an important part of the job of the research committees and working parties.
Once research is completed, it is of little use to actuaries until it is adopted in their daily jobs. As a result, CAS research committees also work to make research accessible to the membership. Some of the techniques that have been employed include:
ACADEMIC COMMUNITY
MEETING AND SEMINAR FEE WAIVER PROGRAM FOR ACADEMICS
The CAS values the contributions of academics to the advancement of actuarial science and encourages academics to participate with practitioners at CAS meetings and seminars. Registration fees for CAS meetings and seminars are waived for up to three events per year for members of CAS Academic Central and full-time academic members of the CAS.
