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The CAS was a proud sponsor of the Caribbean Actuarial Association’s Virtual 2020 Annual Conference November 30 to December 3. CAS Board Chair Steve Armstrong spoke at the President’s Town Hall Monday and CAS member Steve Kolk provided information on the Actuaries Climate Index. In addition to sponsoring the event, the CAS provided the following recorded sessions from previous CAS events:
The CAS will discontinue publishing its exams beginning with the Fall 2020 examinations. Past exams that have already been published will remain available for candidates to use as tools when preparing to sit for future exams but no new exams will be published, allowing the CAS to build an exam item bank, which is a robust repository of exam questions and associated statistics. As exam item banks are established, the CAS will be able to take fuller advantage of opportunities offered by computer-based testing (CBT) and better adhere to industry best practices in credentialing.
The 2020 Annual Meeting kicked off with a Town Hall meeting hosted by members of the CAS Board of Directors. The panelists introduced CAS members, candidates, and other stakeholders to the 2021-2023 CAS Strategic Plan, discussing a bold new vision that sets the direction for the organization’s continued growth and success over the next three years.The board created a framework for the CAS to focus its efforts and measure its success as we deploy tactics over the next three years towards realizing our envisioned future.
The Casualty Actuarial Society (CAS) has released its 2021-2023 Strategic Plan, which is a bold new vision that sets the direction for the organization’s continued growth and success over the next three years. The inspiration for the Strategic Plan is illustrated through a new Envisioned Future that foresees:CAS members are sought after globally for their insights and ability to apply analytics to solve insurance and risk management problems.
Registration is now open for the 2020 Dive In Festival, the global celebration of diversity and inclusion in the insurance industry. The Festival takes place in over 30 countries across the globe on September 22 – 24, 2020.The CAS/SOA Joint Committee on Inclusion, Equity, and Diversity (JCIED), is pleased to present a session at this year’s festival:Unconventional Wisdom from Conventional Quants
The Casualty Actuarial Society (CAS) has released its 2021-2023 Stra
Arlington, Va. – April 2, 2019 – The Casualty Actuarial Society (CAS) has selected Ran Guo, FCAS, as its first-ever China-based staff actuary. In this new role as director of international relations, Guo will work to strengthen, develop, and engage the CAS’s community of actuaries in China and the Asia region. Guo will also work with volunteer CAS members to provide actuarial support to candidate, academic, and regulatory communities in the area.
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.
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
1. Introduction
The Casualty Actuarial Society (“CAS”, “Association”, “we”, “us,” and “our”) respects individual privacy and values the confidence of our members, candidates, program participants, other professionals, and our community.
RPM Seminar Rescheduled as a Virtual Seminar
The CAS has significantly expanded its calendar of continuing education programs over the coming months to provide our members with ample opportunities to earn continuing education credits, stay abreast of developments in the property/casualty insurance industry, and remain engaged with the CAS community.
Taipei, Taiwan September 14-15, 2020
Balloting for the 2020 CAS election closed on August 31, 2020.Kathy Antonello has been elected President-Elect.Kris DeFrain, Alejandra Nolibos, Erika Schurr, and Geoff Werner have been elected to the Board of Directors.According to the election procedures approved by the Board, all vote counts are released to the membership. These follow: President-Elect Kathy Antonello 1,557 Director Alejandra Nolibos
CAS Monograph No. 6: A Machine-Learning Approach to Parameter Estimation
Future Long-Term Care in Canada An Enterprise Risk Management Framework to Identify and Quantify Major Concerns What are the key concerns among experts about the future of long-term care in Canada, and how much will these concerns matter ultimately?
After much deliberation among the ASTIN and AFIR/ERM Section Boards and CAS staff, considering the current state worldwide of the COVID-19 pandemic, we have decided to postpone the Actuarial Colloquia to the Spring of 2022. The Colloquia was originally scheduled for May 2021. With this change, the Call for Papers/Presentations for the 2021 event has ended. We will be updating the timeline for the Call for Papers/Presentations at a later date. We will provide more information later as we finalize the dates and location.
The thirteenth in the series. Conducted by Max J. Rudolph of Rudolph Financial Consulting LLC, the survey incorporated a set of Emerging Risks defined by the World Economic Forum as the basis for several of the questions. The survey also included questions related to current risk management topics.Now available is a report presenting the major findings from the study. The full report will be released later in the year.
CLIMATE CHANGE TOPS EMERGING RISKS IN 2019 SURVEYThe Annual Survey of Emerging Risks, sponsored by the CAS/SOA/CIA Joint Risk Management Section (JRMS), a collaboration of the Casualty Actuarial Society (CAS), Society of Actuaries (SOA), and Canadian Institute of Actuaries (CIA), attempts to track the thoughts of risk managers about emerging risks across time.
Applying for Membership as a Fellow
Current Associate
If you are a current Associate in good standing with the CAS, no additional application is necessary for Fellowship. An Associate becomes a Fellow and may begin using the FCAS designation immediately upon official notification of successful completion of all Fellowship requirements as prescribed by the Board of Directors. The CAS president will send new Fellows an official confirmation letter.
Dear Candidates,The CAS has made the difficult decision to cancel the exams originally scheduled to be held later this month. While we previously announced that we were postponing the exams, with plans for administering the exams in June, we have decided that the best course of action is to proceed with a full cancellation at this time. Exams 7 and 9, which are normally administered in April, will be administered this October instead.
The CAS Reinsurance Research Committee is issuing a Request for Proposals (RFP) to develop tools and methods for better credibility weighting between an experience indication and a complement for common excess and reinsurance lines.
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:
Established in 2016, the CAS University Award Program celebrates and promotes universities for the innovative and exemplary ways they prepare students for a career in the property and casualty insurance industry. Each year up to three schools are honored through this program. The winners each receive substantial recognition, such as on the CAS website and in a press release, as well as a monetary award of $5,000 to further enhance their programs.
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 Casualty Actuarial Society has developed a Property and Casualty Resource Library, created specifically for professors who teach actuarial science and related courses and are a member of Academic Central.
Join CAS Academic Central