Search CAS
Viewing 626 to 650 of 802 results
The CAS has released a set of nine sample questions and example solutions for Exams 5 – 9 through the Pearson VUE/CAS website. The question set allows candidates to:
The CAS will release a set of nine sample questions and responses for Exams 5 – 9 through the Pearson VUE/CAS website in early-mid September. The question set will allow candidates to:
There are several approaches to conducting research that can be utilized by CAS Research and Development Committees:
MICHELBACHER SIGNIFICANT ACHIEVEMENT AWARD
The Michelbacher Significant Achievement Award is intended to recognize a person or persons who have significantly and fundamentally advanced casualty actuarial science. Initially awarded in 1979, the prize formerly commemorated the work of Gustav F. Michebacher and was given to the best paper submitted in response to a CAS call for discussion papers. It was repurposed as the Michelbacher Significant Achievement award in 2010, and was first awarded in 2013.
1. Introduction
This website and its contents are the property of Casualty Actuarial Society ("CAS") and any successor in interest. This webpage sets forth the "Terms of Use" (TOU) that apply to the use of www.casact.org and its affiliated sites, including the online community at https://community.casact.org/home (the "Website").
USE OF TITLES AND DESIGNATIONSPrecept 12 and Section 1 of Article III of the Constitution are concerned primarily with the use of titles by members and, in particular, with designations related to the Society. The purpose of this material is to clarify the proper use of a designation. For this purpose, the term title means any title conferred by an employer or actuarial organization related to a specific position within that employer or actuarial organization.
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.
Casualty Actuarial Society and Society of Actuaries Explore Combining into One New Organization Proposed Combination Supports New Opportunities for Members and the Actuarial Profession Arlington, VA, and Schaumburg, IL (September 26, 2018)–Today, the Presidents of the Casualty Actuarial Society (CAS)and Society of Actuaries(SOA) jointly announced that the CAS and SOA Boards of Directors agreed to explore a combination of the CAS and SOA into one new professional organization that has the scale and resources to support members’ efforts to shape and grow the evolving areas in which actuaries
The National Association of Insurance Commissioners (NAIC) recently informed the CAS that planned revisions to the CAS Syllabus are acceptable and will allow the following NAIC Accepted Actuarial Designations to remain effective:
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 (CAS) is pleased to announce that we will continue with plans to hold the CAS Spring Meeting, scheduled for May 11-13, 2020. However, instead of convening in Chicago, we are moving the CAS Spring Meeting to a virtual format.
The 2020 CAS Spring Meeting will provide opportunities for education and networking in an immersive environment designed to make you feel like you are at an in-person meeting -- all with no travel, no additional expenses, and from the convenience of your own desk.
The three-day event will include:
Starting with the Fall 2020 exam administration, the CAS transitioned to computer-based testing (CBT) for Exams MAS-I, MAS-II, and 5 through 9. Online Courses 1 and 2 continue to be administered by The Institutes and scored according to its CBT methodologies.
The CAS asks that candidates arrive at the test center 30 minutes prior to their scheduled appointment time. This will give them adequate time to complete the necessary sign-in procedures. A candidate who arrives more than 15 minutes late for his or her appointment may be refused admission.
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.
Shane Barnes, FCAS, CSPA, was recently named among Rising Insurance Star Executives’ 2020 RISE Award winners. The awards showcase the top rising stars in the insurance industry who show leadership in their organization and community and demonstrate a commitment to advancing the industry.
ASAE has announced that Stephanie Litrenta, admissions manager of the Casualty Actuarial Society, has earned the Certified Association Executive (CAE®) designation. The CAE is the highest professional credential in the association industry.
The CAS Reinsurance Research Committee is issuing a Request for Proposals (RFP) for a research paper on wildfire.
The CAS has well-established election procedures and timelines to ensure the fairness of, and member participation in, the annual election process.
The CAS Nominating Committee will announce the President-Elect and Board candidates for the 2023 CAS elections in June. Details about the candidates will be available through the Meet the Candidates section of the CAS website. Voting in the elections will occur in August.
The Casualty Actuarial Society (CAS) is expanding the exams that will be offered in Spring 2021 to include Exam 8, which is normally only offered once per year in the fall. This change provides additional flexibility to candidates whose exam progress was disrupted by the cancellation of the Spring 2020 exam sitting.
The 2020 Dive In Festival was the biggest one yet, with more than 30,000 people attending the global celebration of diversity and inclusion in the insurance industry. The Festival featured 500+ speakers presenting in 144 events in 35 countries across the globe on September 22 – 24, 2020.
The CAS Board of Directors unanimously approved rescinding the following CAS Statements of Principles:
Ratemaking Contest Winners Announced06/01/1999 —The CAS Ratemaking Committee is pleased to announce that the team of Thomas L. Ghezzi, FCAS and Katharine Barnes, FCAS, has been selected as the winner of the 1999 Ratemaking Contest.
The Casualty Actuarial Society (CAS) has received nine awards across three association award programs for exemplary work completed in 2019. The three programs include the EXCEL Awards, TRENDY Awards and Communicator Awards. CAS CEO Victor Carter-Bey said, "The CAS is exceptionally proud to be recognized for our creativity, innovation and differentiation by receiving these nine industry awards." The complete listing of awards includes:Student Central Infographic
Basic Education Waiver Policy for Actuarial Examinations
The CAS’s Basic Education Waiver Policy addresses the extent to which the CAS will grant waivers of its basic education requirements including Exams 1, 2, and 3F; DISCs; Course on Professionalism; and Validation by Educational Experience requirements, or their equivalents as defined by the Executive Council.
The Actuarial Standards Board (ASB) of the American Academy of Actuaries recently approved an exposure draft of a revision of Actuarial Standard of Practice (ASOP) No. 38, now titled Catastrophe Modeling (for All Practice Areas). The ASOP provides guidance to actuaries when performing actuarial services with respect to selecting, using, reviewing, or evaluating catastrophe models.
Auto Loss Costs: Dynamic Linear Models with Changepoints