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The day is finally here! The day you’ve been waiting on for four long months. No, I’m not talking about exam day; I’m talking about the day after your exam. That blissful day when you wake up and realize that your free time is your own again (at least for a couple of months). No guilt about binging the latest TV show (Bridgerton, anyone?), and your friends and family are all happy to see you emerge from your studying cocoon. But, while you’re enjoying the time away from studying, there’s also that small anxious feeling … because now you are waiting for your exam result.
The CAS Research Council is issuing a Request for Proposals (RFP) to evaluate the reserving impact of the COVID-19 pandemic.
The CAS Research Council is issuing a Request for Proposals (RFP) to assess the challenges and responses associated with the new cost of risk associated with the rise of the virtual workspace.
Upon entering into the actuarial profession, you may remember being greeted with an alphabet soup of acronyms: CAS, IBNR, CERA, CIA, UCE, ASOP, MAAA and CCA. By the end of this article, I hope to provide clarity to Future Fellows readers about at least one of these: ASOPs or the Actuarial Standards of Practice. Don’t worry if you don’t know much about them. Several ASOPs are covered on exams, so if you are not familiar with them now, you will be as you progress to Exam 5 and beyond.
Congratulations to the newly minted Associates, and welcome to the Society! As the excitement is wearing off, it can be a good time to consider getting more involved and engaged with the actuarial community. Whether you are looking to expand your actuarial network, research a topic of interest, or inspire the younger generations, there are many volunteer opportunities within the community for you. (Look for helpful URLs throughout this article to get you started.)
Apply for the 2022 MAF Scholarship
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Interested in resources from CAS on actuarial science and emerging trends such as climate change, COVID-19 and P&C lines, cyber risks, predictive analytics, automated vehicles, and insurtech? Visit our resource page on emerging trends.
The CAS is excited to announce the launch of the new member dashboard on the CAS website! Please take a few minutes today to review the information on file in this revamped feature and update your online CAS member profile. We want to ensure we have your latest information including your employer, job title, and address, among many other data points.
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
2019 CAS UNIVERSITY AWARD WINNER
UNIVERSITY OF TORONTO
The four-part Basic Ratemaking virtual workshop offers a complete understanding of the basic concepts and practices needed for ratemaking. These concepts include how to calculate an overall indication, how to calculate indications for various rating plans and consider data on a multivariate basis, how to develop increased limit factors with data, and how to present this data in a rate filing.
The purpose of the “Exams In Real Life” series is to share how content from CAS exams are used in the workplace today. In essence, we would like to supply a little motivation by answering “Why am I learning this stuff?” and “When am I ever going to use any of it?” If you have not already done so, please take a moment to read our prior articles. (See Exams IRL Archive below this article.)
The four-part Basic Ratemaking virtual workshop offers a complete understanding of the basic concepts and practices needed for ratemaking. These concepts include how to calculate an overall indication, how to calculate indications for various rating plans and consider data on a multivariate basis, how to develop increased limit factors with data, and how to present this data in a rate filing.
Sponsored by: CAS and CIA
The Casualty Actuarial Society and the Canadian Institute of Actuaries are pleased to offer their first joint virtual Climate Risk Seminar, July 19-21, 2022, from 10:00 AM – 4:30 PM ET. This event brings together experts in climate risk across a variety of disciplines and geographies. This 3-day virtual seminar features four sessions per day, each consisting of a presentation and engaging discussions with speakers and other attendees.
The purpose of the “Exams In Real Life” series is to share how content from CAS exams are used in the workplace today. In essence, we would like to supply a little motivation by answering “Why am I learning this stuff?” and “When am I ever going to use any of it?” If you have not already done so, please take a moment to read our prior articles. (See Exams IRL Archive below this article.)
It is a candidate’s worst nightmare. You walk out of the exam feeling uncertain about your performance. After the blackout period, you begin to discuss your answers with friends and colleagues. You realize that, on one particular high point-value question, everyone else has used a different approach and gotten a very different answer. Scores are released; your “5” is a disappointment, but you have to admit it is not a total surprise. You pore over the results of the Examiner’s Report as soon as it is released.