The Society of Actuaries (SOA) recently announced its intention to offer a general (property-casualty) insurance specialty track leading to Fellowship in the SOA stating that “including general insurance education will help fulfill the strategic vision for the SOA as a leading global provider of actuarial education.”
The CAS Board affirms that it is the intention of the CAS to remain independent while at the same time cooperating with other actuarial organizations to meet challenges to the profession. Your Board has adopted the following statements:
- As the only actuarial organization in the world exclusively focused on general insurance risks, the CAS is uniquely positioned to provide the most comprehensive and rigorous education in actuarial science and risk management for general insurance actuaries. The CAS will continue to strengthen its education, research, and programs to support our members worldwide in meeting the requirements of their principals and the public.
- A key advantage that has enabled the CAS to achieve this status during its nearly 100-year history has been the single focus it has maintained on general insurance with respect to all aspects of actuarial education, research, and programs.
- With the continued expansion of challenges in general insurance, the CAS will maintain this single focus in seeking to meet its mission, irrespective of any new entrants to the marketplace.
The CAS has a long history of independence while concurrently collaborating with all actuarial organizations in the U.S. and around the world on matters of mutual interest. This continues to be the policy of the CAS.