Expectations for the CAS for 2019: My Presidential Goals

It is a tremendous honor to become the new President of the Casualty Actuarial Society (CAS). Last year brought several special challenges for the CAS. With lots of hard work from hundreds of volunteers we surmounted those issues and emerged stronger than ever. The CAS continues to be the premier educator of property casualty actuaries … Read more »

Recognizing Important Contributions to Property Casualty Research

Two years ago, the CAS Reserves Committee (CASCOR) established the Reserving Research Hall of Fame (RRHOF) to honor and draw attention to important reserving-related research. The inaugural RRHOF class, announced at the 2016 Casualty Loss Reserve Seminar, included papers by Thomas Mack, Ronald Bornhuetter and Ronald Ferguson, and James Berquist and Richard Sherman. To get … Read more »

Courses on Professionalism

I recently coordinated the CAS Course on Professionalism (COP) in Orlando for 117 candidates who are approaching their Associateship designation.  Another 120 candidates attended a recent course in Las Vegas and 75 soon will be attending our Canadian course in Montreal. In total, nearly 600 candidates will have taken the course in 2018. The Course … Read more »

Vegas, Baby! 5 Memories from the 2018 Annual Meeting

I just returned from another great CAS Annual Meeting in Las Vegas, and I wanted to share my top 5 most memorable moments:   Welcoming New Members – One of the most important features of any Annual Meeting is the induction of the new members. At this meeting, we had 244 new Associates and 241 new … Read more »

Speaking at Society Symposium was Super

Last month I spoke at the Society of Actuaries 2018 Analytics Symposium in Minneapolis. The experience was a delight. Because it was an SOA conference, I had expected that at times I would feel confused or missing critical background, but there were very few instances of this. Several presentations may have meant more to me … Read more »

Challenges to the Casualty Actuarial Profession 2018

In previous years I’ve posted about some of the challenges facing the property and casualty actuarial profession. In 2018 we are facing a new, unique set of challenges, and I invite your thoughts on a few relevant topics: Big Data Recently, actuaries have been inundated with the availability of big data. We now have the … Read more »

“Crash Course” Seminar: A Smashing Success

I had the pleasure of attending the “Crash Course on Vehicle Technology and Driverless Cars” seminar this July, jointly organized by the CAS and IIHS/HLDI.* The event hosted about 80 people, most of whom were actuaries. While a highlight of the event was a real live crash test (see the video I took below), it also included … Read more »

AR Through The Years: An Editor’s Perspective

When the CAS hired me back in June 1997, I was prepared to take on Actuarial Review. I had years of experience working on a weekly publication as well as a decent stretch on a monthly tabloid with advertising. AR was a quarterly and, at the time, it seemed like a welcome respite. The Actuarial … Read more »

CAS Members and Banking – A New Career Path for Some

The CAS Innovation Council has been working with CAS leadership to explore opportunities for actuaries to work in banking. Background In November of 2016, South African actuaries published the article titled “SA formalize the role of actuaries in banking.”  In the article, the author shared that South Africa’s banking industry employs over 300 actuaries. Michael … Read more »

Let’s All Visit Jupyter

The actuarial workflow typically looks like this: you complete an analysis in a spreadsheet, then you paste the chart into a word-processing document. If you want to make a change to the math, or the data, that copy-and-paste step must be repeated. It’s easy for the two (or more!) documents to fall out of sync, … Read more »