CAS members are required to obtain a certain number of continuing education (CE) hours each year, which varies based on the regulatory jurisdiction of your practice. This summer we are encouraging members to work towards their CE compliance with our Summer of CE campaign. Many members think that CE must come from things like webinars or in-person meetings; however, within the U.S., only 6 of our 30 required annual hours need to come from organized events. The other 24 can come from independent learning such as reading research papers or other material.
With that in mind, here are five papers which will not only help you meet your CE requirements but will also improve your actuarial skills.
The smoke those of us in the Eastern part of the U.S and Canada are experiencing this summer serves as a reminder that wildfire risk is an increasingly important topic for those of us that work with property risks. This excellent collaboration from the CAS, Milliman and CoreLogic discusses ways that homeowners and businesses can reduce their risk from wildfires, and how actuaries can encourage that behavior by developing accurate pricing to reflect the reduced risk.
This quick seven-page read from the American Academy of Actuaries discusses actuaries’ professional responsibilities when working in a developing practice area (such as use of AI), including applicable sections of the Code of Conduct and ASOP’s. Reading this paper would likely cover professionalism CE requirements.
We are often told that communication skills are an essential skill for actuaries. This paper was recently added as a required reading for candidates at the Course on Professionalism and provides excellent tips for any actuary on how to improve their communication skills.
Recently there has been an increased focus in the insurance world on things like unfair discrimination, disproportionate impact and protected classes. However, these terms are used differently by different groups. This CAS research paper authored by Kuda Chibanda clears up some of the confusion behind these different terms to make sure actuaries, regulators, and public interest groups are using the same language while discussing the important topic of potential bias in insurance.
CE doesn’t have to come from just research papers. Articles in industry periodicals may meet CE requirements. For example, from the May/June issue of Actuarial Review we have aggregate: Frequency-Severity Distributions Made Easy from Stephen Mildenhall and The ABCD and The CAS’s Processes and Disciplinary Actions from the CAS Professionalism working group.
What CE are you reading this summer? Let me know in the comments below.