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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
Threats to the Actuarial Profession
The CAS Risk Management Committee (RMC) is charged with: looking at known risks that affect the actuarial profession and the CAS, and making recommendations to the CAS Board as to which are important and what can be done about them. While the RMC’s focus has been on known risks, as practicing professional actuaries we also … Read more
Posted in Risk Management and tagged Risk Management.
An Open Letter Regarding the Fall 2011 CAS Exam Results
One of the primary objectives of the Casualty Actuarial Society is to establish and maintain high-quality standards for membership. The value of the CAS credential comes in large part from our offering an educational process that provides the fundamental knowledge and problem solving skills that our employers and other principals expect. The CAS learning objectives … Read more
Reaching Out to Our Next Generation
Earlier this month, I attended the Actuarial Students’ National Association Convention in Niagara Falls. The event, geared to Canadian actuarial students, combines educational seminars with social activities and a career fair. With over 400 actuarial candidates in attendance, the conference was a great way for me to touch base with our aspiring members. I came … Read more
Initial Interest in CAS CERA Designation Appears to be Strong
A flurry of activity has followed CAS’s approval as a CERA award signatory last fall as I have worked with various committees within the CAS to implement our programs to award the designation. As we have announced details about earning the designation and invited CAS member participation, I have been pleased with the response. The … Read more
Posted in Enterprise Risk Management and tagged CERA.
CAS Webinars: The Solution to Your New Year’s Resolution
If your 2012 New Year’s resolutions include investing more time in your continuing education, I have the perfect solution for you: CAS Webinars. What’s a Webinar? Webinar is short for Web-based Seminar. It’s a 90-minute educational session that you can take part in remotely using your telephone and web browser. And just like our in-person … Read more
Posted in Professional Education and tagged Webinar.
Research and Statistics in the Actuarial Skill Set
Louise Francis, past CAS VP-Research & Development and Alice Underwood, new CAS VP-Research & Development, co-authored this blog post. Last August, David Menning wrote a blog post about how much statistics should be included within the basic education process. He asked if statistics were covered at the right level in the current basic education structure … Read more
Posted in Research and tagged Statistics.
CAS Board Statement on Consolidation Proposal
The CAS Board of Directors met on November 6, 2011. One of the items on our agenda was the proposal by the SOA President for consolidation of U.S.-based actuarial organizations. Following an extensive discussion, which included a review of feedback on the proposal received from CAS members, the Board unanimously agreed to issue the following … Read more
Posted in From the President and tagged Society of Actuaries.
Incoming SOA President Proposes Consolidation of U.S.-Based Actuarial Organizations
Brad Smith, in his inaugural speech as President of the Society of Actuaries, called for the Society of Actuaries (SOA), Casualty Actuarial Society (CAS), and American Academy of Actuaries (Academy) to consolidate, stating, “There is absolutely no need for three separate professional organizations…to exist. They need to consolidate into one efficient, effective organization.” Mr. Smith … Read more
Posted in From the President and tagged Society of Actuaries.
New Regulation Expected in the U.S. – Own Risk and Solvency Assessment (ORSA)
The NAIC is currently discussing a proposal that some describe as the biggest enhancement to the U.S. financial regulatory framework since RBC was introduced in the 1990s. This change is a Solvency Modernization Initiative proposal to require large insurance groups and some large insurers to perform an Own Risk and Solvency Assessment (ORSA). An ORSA … Read more
Posted in Regulation and tagged ORSA.
Statistics in the Actuarial Skill Set
Last November, the CAS Board of Directors voted to support the following vision of the level of understanding required for membership in the CAS: “All CAS members should be competent in the application of casualty actuarial techniques. CAS Fellows should not only be able to apply such techniques, but be able to synthesize such methodology … Read more