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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: Future of the Profession
The Staff Actuary’s Blog: The CAS Institute
Not surprisingly, one of the many things I’m helping with, in my month-old position as CAS Staff Actuary, is the development of The CAS Institute and its credentialing programs, beginning with a data science and predictive analytics credential. This is an initiative for which I was delighted to have cast an approving vote last year … Read more
Posted in Communications, Future of the Profession, Risk Management and tagged CAS Institute, icas, predictive analytics, professional education, Value at Risk.
The Internet-of-Things and Actuarial Engineering
Should property-casualty actuarial science be considered an engineering specialty? Thanks to the Internet of Things (IoT) revolution, there are compelling reasons to consider aligning ourselves with engineers. According to Wikipedia, the Internet of Things is “the network of physical objects or ‘things’ embedded with electronics, software, sensors and network connectivity, which enables these objects to … Read more
Posted in Future of the Profession.
New CAS Institute to Offer Specialty Credentials
As I announced on November 16 at the CAS Annual Meeting in Philadelphia, during the CAS Board of Directors meeting held on November 15, the Board unanimously approved the formation of The CAS Institute, which will provide credentialing and professional education for technical quantitative specialists whose work often overlaps and supports that of actuaries. The … Read more
Access Resources to Advance Your Technical Skills
Big Data has officially arrived, and it’s changing the way business works, including actuarial science, wrote David Zornek, an actuarial consultant at Oliver Wyman, in the most recent issue of the Actuarial Review. Zornek, who is also a candidate representative to the CAS Candidate Liaison Committee, highlighted a variety of resources that actuaries can use … Read more
#CAStyourballot – Vote in the CAS Elections
Did you know: Only one-third of all eligible voters cast a ballot each year in the CAS elections? This year, with only two weeks to go, just 20% have voted. As an organization, I am confident that we can do better. And I know our voters like a good challenge. After all, we all took … Read more
Posted in Communications, Future of the Profession and tagged actuary, Actuary profession, CAS, CAS Board of Directors, CAS Elections, Casualty Actuarial Society.
Considerations for the Casualty Actuarial Profession in 2015
Thanks to all who posted comments about challenges over the last year. For review of the many responses that showed up on the CAS website I recommend you view the CAS Risk Management Committee’s (RMC) two previous blog posts: Challenges to the Actuarial Profession in 2014 and Threats to the Actuarial Profession (written in 2012). … Read more
Posted in Communications, Future of the Profession, Risk Management and tagged actuary, Actuary Job, CAS, Casualty Actuarial Society, Data Scientist, Risk Management.
Why Should the CAS Exist?
At a CAS Board meeting last August, Board Member Jessica Leong posed a strategic question: “Why does the CAS exist?” Leong told the Board about author Simon Sinek’s TED Talk inspired by his book, “Start with Why.” Sinek observes how successful organizations communicate and sell themselves and believes that many organizations communicate in questions in … Read more
Driving Innovation: The CAS Accelerator
My agenda for the CAS has been focused on our future and living up to the aspirations of our current and future members, and our various supporters and constituents. We certainly have challenges: We work in an environment that is questioning traditional business models, is experimenting with new and transformative technologies, and is redefining the … Read more
Wanted: Actuary with Predictive Modeling Experience
Does your actuarial training make you attractive to employers looking for someone to join their predictive analytics team? Why would they hire you over, say, a PhD in statistics? This was an important question for me personally, as I was looking to break into the world of predictive analytics. And yes! Success! I’m 6 months … Read more
Posted in Communications, Future of the Profession, Professional Education and tagged actuarial training, actuary, CAS, predictive analytics, RPM Seminar.
Three Modern-World Risks That Will Invigorate the P&C Insurance Industry
It’s an exciting time to be a property and casualty actuary. More and more new technologies are emerging, creating an ever-changing landscape in the insurance industry. A feature story in the latest issue of the Actuarial Review, “The Risks Around the Corner,” explains the effects that evolving technology has on the insurance industry and the … Read more
Posted in Communications, Future of the Profession and tagged Actuarial Review, autonomous vehicles, cyber risk, property casualty, Risk, technology.