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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.
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Category Archives: From the President
Toward a Better Understanding of the CAS Board Decision to Recognize CIA Exam Waivers for CAS Preliminary Exams
At its August 2012 meeting, the CAS Board of Directors approved the recommendation of the CAS Executive Council and the Education Policy Committee (EPC) that the CAS recognize the exam waivers granted by the Canadian Institute of Actuaries (CIA) for certain CAS preliminary examinations. This action followed the announcement by the CIA of the ten … Read more
Posted in Communications, Exams and Admissions, From the President and tagged Canadian Institute of Actuaries, CAS Basic Education.
Setting a Bold Course for the Future of the CAS
As a follow-up to my May 2012 Actuarial Review “From the President” column, I am using the CAS Roundtable to invite member input on the future of the CAS. Please read the original column (or this summary post) and provide your feedback below. As the only actuarial organization in the world exclusively devoted to property/casualty … Read more
Posted in From the President and tagged Actuarial Review.
Expanding Our Horizons
In my February 2012 Actuarial Review “From the President” column, I announced that the CAS would post a CAS Roundtable blog to solicit your views on the CAS’s geographic reach. I invite you to read the original column (or this summary post) and provide your feedback below. One of the major questions being addressed by … Read more
CAS Board Response to Members and Candidates Regarding Recent Developments
The Society of Actuaries (SOA) recently announced its intention to offer a general (property-casualty) insurance specialty track leading to Fellowship in the SOA stating that “including general insurance education will help fulfill the strategic vision for the SOA as a leading global provider of actuarial education.” The CAS Board affirms that it is the intention … Read more
Posted in From the President and tagged CAS Board of Directors.
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
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.
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.