Blue Sky Ideas Wanted

Blue Sky IdeasIn a little over six months, we will be celebrating the CAS Centennial—100 Years of Expertise, Insight and Solutions!

We have much to celebrate! As the only actuarial organization in the world exclusively devoted to property-casualty risks, the CAS is—and will continue to be—in a strong position. Our market is dynamic and growing. Opportunities abound!

Our Centennial also gives us the chance to look ahead to our next 100 years. As you may well be aware, the CAS is tackling unprecedented challenges, including facing competition within and outside of the actuarial profession, keeping up with emerging technologies, and engaging our members despite the numerous demands on their time and resources. We can expect the intensity of these challenges to continue, and we need to remain vigilant in enhancing our services and products.

The CAS has a number of initiatives in place in all of our operational areas to enhance our value to current members and stakeholders. For the May Board of Directors meeting, the Board will devote some special time to discussing issues that may not be on our operational radar but warrant some “Blue Sky” thinking. We ask for your help to identify these Blue Sky topics.

Some of the questions that the Board will discuss relate to long-term opportunities for the CAS and property-casualty actuaries, such as:

  • How will the CAS succeed in its mission and how will we pass on this success to future property-casualty actuaries in the long run?
  • Do we need to grow the stakeholder base and establish CAS members in markets beyond where we are traditionally? If so, what are these markets and how do we do this?
  • What will a CAS member need to know 20 years from now?
  • What is the “next big thing” and how can the CAS capitalize on it.
  • Where will the best opportunities for property-casualty actuaries be in five years? 10 years?

I welcome your comments on any of these ideas and invite you to make your own Blue Sky suggestions for the Board to discuss. Please leave your feedback below in the comments section.


About Gary Josephson

Gary Josephson, FCAS, MAAA, is the 2013-2014 Chair of the CAS Board of Directors. He served as President of the CAS in 2012-2013. He works as a Consulting Actuary with Milliman, Inc. in Brookfield, Wisconsin.