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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
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
CAS Modifies Its Proposed CERA Requirements
There have been recent developments regarding the CAS application for CERA award signatory status that warrant an announcement to CAS members at this time. As background, in 2009 the CAS joined 13 other actuarial organizations across the globe in signing a treaty to establish a new enterprise risk management (ERM) designation. The credential CERA, or … Read more
Transparency and the Discipline Process
Several people have opined that transparency is a bigger issue than multiple hearings and efficiency for the CAS discipline process. I couldn’t agree more. So why are we tackling the multiple hearing and efficiency issues first? Because a proposal came out earlier that addressed the multiple hearings and efficiency issues in a way that would … Read more
Posted in From the President and tagged Discipline.
Effective Communication
Welcome to the CAS Blog! We hope that this blog will become a regular part of our communications between the CAS leadership and members, allowing for timely feedback in both directions. As such, it is appropriate that the subject of this first blog post is communications. For the CAS or any membership organization to provide … Read more