Strategic Planning in a World of Constant Change: The More Things Change, the More They Stay the Same

This blog post is based on the “From the President” column in the January/February 2017 issue of the Actuarial Review. We are posting it here in an effort to solicit member comments on issues that will affect our refreshed Strategic Plan. We welcome you to leave a comment below. I am looking forward to the … Read more »

Emerging Concerns of Workers Compensation for Insurers and Actuaries

A concurrent session at the CAS Annual Meeting in November 2016 explored the impact of the costs of prescription drugs on workers compensation (WC) medical costs, including: the estimated accident year 2014 prescription drug share of WC medical costs, the impact of price and utilization changes on prescription drug costs, the potential drug cost savings … Read more »

The 2017 CAS University Award Program is Now Accepting Applications!

Co-authors include Chris Coleianne, FCAS, MAAA, Chair of the CAS University Award Working Group, and Associate Director and Actuary at Aon and Tamar Gertner, CAS University Engagement Manager.  It has been one year since the CAS University Award Program was first launched by the University Engagement Committee to acknowledge and honor universities that excel in exposing actuarial students … Read more »

Nominate Deserving Individuals For the Michelbacher Significant Achievement Award

The Casualty Actuarial Society invites nominations for individuals to be considered for the Michelbacher Significant Achievement Award. The award recognizes an individual who has made significant personal contributions to the advancement of casualty actuarial science and practice. The recipient will be presented with a plaque and monetary award at an upcoming CAS meeting. Nominations should … Read more »

CAS Reserves Committee Inducts Three Papers into Inaugural Class of the Reserving Research Hall of Fame

To both honor and draw attention to certain important reserving-related papers and research, the CAS Reserves Committee has established the Reserving Research Hall of Fame (RRHOF). At the September 2016 Casualty Loss Reserve Seminar, RRHOF’s inaugural class was announced, and we are now seeking your input on future possible inductees. Our criteria for inclusion is … Read more »

CAS Actuaries Abroad

While the majority of CAS members are based in the United States, our members can be found all across the globe. We sat down with one of our members living abroad to see what it’s like working and living across the pond. Yvonne Palm is a Fellow of the CAS and Senior Actuary at Travelers … Read more »

How Do Actuaries Preserve Their Market Value?

In the 1990s, we wondered how actuaries would preserve their market value when competing with product managers. In the 2000s, some wondered if CFAs would encroach upon our territory. Others viewed the SOA general insurance track as a danger. Today, data scientists are our newest “threat.” There are two fundamental facts to keep in mind. … Read more »

Challenges to the Casualty Actuarial Profession 2016

IoT is not the same as lol (Internet of things, laugh out loud). The open internet, cloud computing, and the vast freedoms enhanced with mobile technology are already here. These present new risks for the actuarial community to become engaged. Cyber risk is not the nascent concept assumed years ago. It is here today and … Read more »

Every Year is an Election Year at the CAS!

The United States presidential election is upon us. As an actuary, I find statistics interesting and recently read that voter turnout rates for U.S. presidential elections has been between 50-60 percent over the past decade. In comparison, here at the CAS, only around one-third of all eligible voters cast a ballot when CAS election season … Read more »

The Staff Actuary’s Blog: 2016 Actuarial Research Conference

In the category of U.S. Cities, the answers are: Birthplace of writer F. Scott Fitzgerald, cartoonist Charles M. Schulz, and musician Prince. Headquarters of retailer Target, Inc. Location for WJM-TV and Mary Tyler Moore. Site of the 51st annual Actuarial Research Conference. For all of these, the appropriate game-show response would be:  “What is Minneapolis-St. … Read more »