The CAS Board of Directors met on November 6, 2011. One of the items on our agenda was the proposal by the SOA President for consolidation of U.S.-based actuarial organizations.
Following an extensive discussion, which included a review of feedback on the proposal received from CAS members, the Board unanimously agreed to issue the following statement.
“The CAS is the only non-nation specific actuarial organization exclusively focused on property-casualty risks, and our members find this of value. Our members have made it clear, and the CAS Board agrees, that they do not see benefits in consolidation with other actuarial organizations. The CAS has been, and continues to be, strongly in favor of cooperative efforts with other organizations, including efforts to address the concerns raised in the SOA President’s speech.”
In the last CAS Roundtable post, we invited feedback on the SOA President’s consolidation proposal through a short online poll. Below is a summary of that feedback.
Q1. Please indicate your level of agreement with Brad Smith’s proposal to consolidate the CAS, SOA, and Academy.
|Need More Information||16.8%|
Total Responses: 1,059 (includes CAS Members, Candidates, and Others)
Q2. Members of the CAS would benefit from the consolidation of the CAS, SOA, and Academy.
|Need More Information||16.6%|
Total Responses: 1,058 (includes CAS Members, Candidates, and Others)
We continue to invite feedback on this issue, particularly CAS member reaction to the CAS Board statement. Read the comments below and add your own views. You may also send comments to Mike Boa at email@example.com.