Eliminating the Penalty for Incorrect Responses
Eliminating the Penalty for Incorrect Responses Authored by: Carrie Cross, CAS, Chad Buckendahl & Susan Davis-Becker, ACS Ventures, LLC One of the concerns about multiple choice questions is that candidates can randomly guess and get a correct response. Although true in theory, well-constructed multiple choice questions include a correct response and alternative response options, often … Read more
CAS & Abacus Actuaries: Asian American & Pacific Islander (AAPI) Month Feature
Abacus Actuaries AAPI Interview with CAS Candidate, Kevin Shin How did you get into the actuarial profession? My high school friend, who is also an actuary, knew I liked math and recommended I apply for actuarial science as my major. Originally, I wanted to become a high school math teacher, but after doing some research … Read more
Be An Actuary Month: A Shining Example of Staff, Volunteer and Partner Collaboration
Originally featured in the March-April 2022 issue of AR Interview with CAS President, Kathy Antonello This interview is focused on one, action-packed month, but members should know that our efforts to reach students and career changers has been a long-term, multi-year project. The CAS is fortunate to have vital programs in place to promote the … Read more
National Volunteer Week – Why I Volunteer for the CAS
As a member of the CAS (Casualty Actuarial Society) for over 20 years, during National Volunteer Week, I am thinking of how the success of our organization depends greatly on the thousands of volunteers (and members of the CAS staff) that contribute to the CAS. For the past 10 years, I have been volunteering on … Read more
CAS & NAWA Highlight Two Inspiring Female Actuaries
As we celebrate Women’s History Month in March, the Casualty Actuarial Society and the Network of Actuarial Women and Allies interviewed Julie Joyce, FCAS, senior vice president and chief corporate actuary at Travelers and Janet Lindstrom, FCAS, executive vice president and chief transformation officer for Arch Insurance North America. Thank you, Julie, and Janet, for … Read more
CAS Women’s History Month- Profiling Marcela Granados
Marcela Granados, FCAS, CSPA, has been a long-time supporter of the actuarial profession. She started her actuarial career within the insurance industry, then moved to consulting before finally joining Databricks, a data and AI company, as their global head of insurance. Marcela was raised in Mexico City, but she was born in the United States … Read more
Black History Month – Highlighting CAS Community Voices
February is National Black History Month – a month honoring the contributions and legacy of Black people throughout U.S. history. To celebrate, the CAS ran the BHMxCAS campaign, sharing special features and stories on our LinkedIn, Instagram, Facebook and Twitter platforms using the hashtag #BHMxCAS. Below we are sharing some highlights from three Black History … Read more
Unboxing Hierarchical Compartmental Reserving Models
Why you should read the CAS research paper Markus Gesmann and Jake Morris are delighted to present “Hierarchical Compartmental Reserving Models”, which was published as part of the CAS research papers series in 2020. The paper demonstrates how one can describe the dynamics of claims processes with differential equations and probability distributions. All of … Read more
My 2022 Goals as CEO
As I begin my third year as chief executive officer of the CAS, I cannot express how much growth, energy and collaboration I have experienced over the past two years. When I look back at the start of 2020 and 2021, I think about how excited I was for the upcoming year and the possibilities … Read more
An Actuary and an Epidemiologist Walk into a Bar
Actuaries and epidemiologists share a lot in common. Both use advanced mathematical tools to study human behavior, investigate patterns, and manage risks. The medical profession has long utilized epidemiological models to understand the dynamics of epidemics and to project the trends, preparing for the allocation of medical resources and developing public health policies. Similar goals … Read more