The Casualty Actuarial Society is a professional organization whose purpose is the advancement of the body of knowledge of actuarial science applied to property, casualty, and similar risk exposures.
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It is a real and sincere honor to be the CAS’s first staff actuary. The creation of such a position has been considered and discussed over the years, but only last year did the CAS Board vote to formally implement it – and only last month, in mid-January, did the position actually begin. While it has … Read more
When I was an undergraduate actuarial student at the University of Michigan in the early 1990’s, I didn’t realize that property and casualty actuarial work existed separate and distinct from the life insurance field. In fact, it was the first day of my actuarial internship, the summer before my senior year in college, when I discovered … Read more
Big Data has officially arrived, and it’s changing the way business works, including actuarial science, wrote David Zornek, an actuarial consultant at Oliver Wyman, in the most recent issue of the Actuarial Review. Zornek, who is also a candidate representative to the CAS Candidate Liaison Committee, highlighted a variety of resources that actuaries can use … Read more
I recently read the best-selling book “How Google Works,” by Eric Schmidt and Jonathan Rosenberg. It is one of the best books I have read, in any genre, in quite some time. The book focuses on technology companies, but also provides useful insights to industries like ours. One key insight is the importance of “smart … Read more
For the first time in 21 years, the United States won one of the most intensive math competitions in the world, the International Mathematical Olympiad (IMO). Teams of high school students from over 100 countries and seven continents participated in the 56th annual competition, held in Chiang Mai, Thailand. Over two days in July, a … Read more
You take your career very seriously. So do we. From the property and casualty actuarial profession’s most respected and valued credential, to resources that support you in a growing industry and your own evolving career, the CAS strives to provide everything you need to thrive. In keeping with this commitment, we are excited to announce … Read more
At the CAS Centennial Celebration and Annual Meeting, Don Mango, Dave Clark, Jim Guszcza and I are presenting a session called “Reserving for the Next 100 Years: Thinking Outside the Triangle.” We’re going to talk about whether we’ve been innovative in reserving, and it’s quite debatable. On the one hand, the CAS has over 400 … Read more
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
When finished reading this blog post, please take the Actuarial Review online readers survey. After 43 years as a printed newsletter the Actuarial Review is evolving into a new magazine design layout. The Actuarial Review will still contain the same great educational and interesting columns and content as before, but it will also include new items. … Read more
In this CAS Roundtable blog post we will explore the new opportunity open to CAS members to share non-technical papers with the CAS community. The CAS conducts call paper programs to enhance the literature on a specific topic, with finished papers published in the E-Forum. The Committee on Reserves conducts a call paper program every … Read more