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 »

Three Considerations for Career Opportunities

In my address to new members at the 2016 Spring Meeting, I offered three emerging trends that new members should consider as they pursue future career opportunities. Disruption in our industry will continue and will do so at an exponential pace. Some of these disruptions will take the form of technology firms entering the insurance … Read more »

The Staff Actuary’s Blog: The CAS Bylaws, Constitution, and Who We Are

Every year, on July 4, I read the United States Declaration of Independence – usually to myself, but occasionally aloud to my kids (for whom the experience is, no doubt, a highlight of the summer…) The document still gives me chills: because of the gravitas of the subject matter, certainly, but also due to the … Read more »

Exploring the Actuarial Profession in Latin America

Last week I attended the IAA (International Actuarial Association) Actuarial Regional Seminar in Latin America, which was held in Santiago, Chile. The Chilean actuarial society (Instituto de Actuarios Matematicos de Chile) is an Associate member of the IAA, and I was joined at the seminar by over 100 international actuarial professionals from countries such as … Read more »

International Picnic Day – More than Your Picnic Basket May Be at Risk

This Saturday marks International Picnic Day! Celebrated around the world, June 18 is the day that people take their food and eat outside, enjoying the fresh air, beautiful sun, and…swarm of insects. Some claim the original concept of a picnic dates back to outdoor medieval feasts held by the nobility. Others assert that picnics came … Read more »

The Staff Actuary’s Blog: ASTIN Colloquium 2016

I’m just back from the annual ASTIN Colloquium, held June 1-3 in Lisbon, Portugal, on the campus of the Lisbon School of Economics and Management (known locally as ISEG, “Instituto Superior de Economia e Gestão”).  The meeting was a valuable and enjoyable experience – although I was delighted to return home and experience both air … Read more »

The CAS Launches Research Committee Wikis

Over the past several years, two CAS research committees have developed wikis that are open to CAS membership as well as the general public. They were created with the goal of providing content and learning materials to anyone who is interested. The CAS Open Source Software Committee (OSSC) wiki (http://opensourcesoftware.casact.org/) is the online resource for … Read more »