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About CAS
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.
Popular Posts
A Successful Year for the Continuing Education Review
The Continuing Education Compliance Committee (CECC) has completed the 2014 Continuing Education review and is happy to report that all members selected for review either met or exceeded the requirements! This year, about 1% of membership was randomly selected for review, which is about 70 members. The members of the Executive Council and Board of … Read more
Posted in Communications, Professional Education, Volunteerism and tagged Actuary profession, CAS members, Communication, Continuing Education.
Survey: Are You Thinking Outside the Triangle?
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
Posted in CAS Centennial, Communications, General, Professional Education, Research and tagged Reserving.
How to Run for the Board of the CAS if You are Young and Unafraid
I think that we need more young people on the Board of the CAS. The Board demographics should mimic the membership demographics – after all, we are representing you, and your point of view. We have a lot of young members, never mind our other large body of stakeholders: our candidates. This isn’t reflected at … Read more
Posted in Communications, Future of the Profession and tagged Actuary profession, CAS Board of Directors, Communication, Volunteerism.
Inside the Latest Edition of the CAS E-Forum
The Summer 2014 – Volume 2 edition of the CAS E-Forum contains five reserves papers written in response to a call for papers issued by the CAS Committee on Reserves (CASCOR). “Combining Estimates,” by Tom Struppeck, provides a methodology for combining two or more estimates into a single estimate. In “The Analysis of ‘All-Prior’ Data,” … Read more
Posted in Communications, Research and tagged Call for Papers, CAS Committee on Reserves, CASCOR, CLRS, E-Forum, Loss Reserve, Research, Reserves.
A Celebration of Two Past CAS Presidents
As the CAS approaches its centennial anniversary, the organization has been thinking a great deal about its history and celebrating the individuals who have played instrumental roles in the organization’s growth. Regretfully, the CAS recently lost two past presidents, Ruth Salzmann (1978 – 1979) and Jerry Scheibl (1980 – 1981). In celebration of their achievements, … Read more
Posted in Communications and tagged actuarial profession, CAS Executive Council, CAS Presidents, Communication, Jerry Scheibl, Ruth Salzmann.
How to Talk to a CEO – Three Considerations for Effective Communication
The job of a CEO is to make decisions. But not just any decisions – the right decisions. As an actuary, your work provides valuable insight on important business issues that can help your CEO when making these important decisions. However, for this insight to be effective, you must be able to communicate with your … Read more
FASB Board Proposes Changes to P&C Insurance Company Disclosures
Since 2008, the Financial Accounting Standards Board (FASB) has been working alongside the International Accounting Standards Board (IASB) on revisiting the United States Generally Accepted Accounting Principles (US GAAP) accounting model for insurance contracts. While the IASB appears to be moving ahead with fundamental changes to insurance contract accounting under International Financial Reporting Standards (IFRS), … Read more
Posted in Communications, Future of the Profession, Regulation and tagged Disclosures, FASB, Financial Accounting Standards Board, Financial Statement, US GAAP.
Think Like a Futurist
We’ll have many things to celebrate at the CAS Centennial Celebration and Annual Meeting, scheduled for November 9-11 in New York City. Since our founding in 1914, the CAS has developed into an organization whose credentials are the most highly respected in the property/casualty actuarial profession. However, in order to maintain our leading position, we … Read more
Posted in CAS Centennial, Communications, Future of the Profession and tagged Actuary profession, Centennial, Communication, Future, Jack Uldrich.
Risk Premium Project II Database — A Valuable Research Resource
The Committee on Theory of Risk (COTOR) began the Risk Premium Project (RPP) in 2000 with RPP I, which represented an extensive, thorough, and up-to-date analysis of the theory and empirics of risk assessment for property-casualty insurance. Given the vast development in this field, the RPP II update extended the findings from RPP I with … Read more
Posted in Communications, Research, Risk Management and tagged Asset Pricing, Capital Allocation, CAPM, Catastrophe Risk, COTOR, Database, Reinsurance, Research, Risk Management, Risk Premium Project, RPP, RPP II.
Join the CAS Community of ERM Practitioners
The CAS has taken another step forward in supporting its members working in enterprise risk management with the formation of the CAS Enterprise Risk Management Special Interest Section (ERM SIS). I invite you to join me and other actuaries with an interest in advancing ERM practice by becoming a member of the section. As I … Read more
Posted in Communications, Enterprise Risk Management, Professional Education and tagged Enterprise Risk Management, ERM, In Focus Seminar, Special Interest Section.