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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: Professional Education
What to Do in Minneapolis After CAS Annual
Are you attending the CAS Annual Meeting in Minneapolis in a few weeks? I’m excited for you to visit my town and to share with you a few of my favorite things to do in the Twin Cities and beyond. If you haven’t decided on attending yet, I’m here to convince you! Here are 5 … Read more
Posted in Events, Professional Education.
The Actuary and Social Justice Annual Meeting General Session
The summer of 2020 brought race into the national conversation like no time in the recent past. The acknowledgement of systemic racism as a persistent and pernicious problem led individuals and businesses alike to rethink their practices. The same is true for actuaries and the insurance industry, with the NAIC forming its Special Committee on Race and Insurance, … Read more
2019 CAS Spring Meeting: President’s Perspective
The 2019 CAS Spring Meeting in New Orleans has just concluded! As expected, it was a great meeting with tremendous presentations on a wide variety of topics. The CAS offered lots of opportunity to learn, discuss, and expand your knowledge while earning CE credits. The CAS also recognized 60 new Fellows and 253 new Associates. … Read more
Are You Qualified?
Earning the ACAS designation is a great accomplishment. Your college education, hundreds of hours of studying, and maybe a little exam luck have earned you a valuable accreditation for work in insurance and other industries. The question you should now ask yourself is “What does a CAS designation allow me to do?” If you work … Read more
Vegas, Baby! 5 Memories from the 2018 Annual Meeting
I just returned from another great CAS Annual Meeting in Las Vegas, and I wanted to share my top 5 most memorable moments: Welcoming New Members – One of the most important features of any Annual Meeting is the induction of the new members. At this meeting, we had 244 new Associates and 241 new … Read more
Posted in Events, Professional Education.
“Crash Course” Seminar: A Smashing Success
I had the pleasure of attending the “Crash Course on Vehicle Technology and Driverless Cars” seminar this July, jointly organized by the CAS and IIHS/HLDI.* The event hosted about 80 people, most of whom were actuaries. While a highlight of the event was a real live crash test (see the video I took below), it also included … Read more
Posted in Future of the Profession, Professional Education.
Resources for Actuaries Expanding Their IT Skill Set
Are you: Working on expanding your skill set by joining an IT project team at your organization? Having trouble understanding what your IT co-workers are saying? Frustrated that the data from the company’s data warehouse has errors? Curious about all the buzz regarding the term “data science” and wondering what it means for your actuarial … Read more
Posted in Professional Education and tagged Data and Technology Working Party, data science, E-Forum, RPM Seminar.
Emerging Concerns of Workers Compensation for Insurers and Actuaries
A concurrent session at the CAS Annual Meeting in November 2016 explored the impact of the costs of prescription drugs on workers compensation (WC) medical costs, including: the estimated accident year 2014 prescription drug share of WC medical costs, the impact of price and utilization changes on prescription drug costs, the potential drug cost savings … Read more
Posted in Professional Education and tagged Actuaries, drug prices, formularies, medical costs, prescription drugs, workers compensation.
How Do Actuaries Preserve Their Market Value?
In the 1990s, we wondered how actuaries would preserve their market value when competing with product managers. In the 2000s, some wondered if CFAs would encroach upon our territory. Others viewed the SOA general insurance track as a danger. Today, data scientists are our newest “threat.” There are two fundamental facts to keep in mind. … Read more
Posted in Future of the Profession, Professional Education.
The CAS University Award Program: Celebrating Property and Casualty Achievement
When I was an undergraduate actuarial student at the University of Michigan in the early 1990’s, I didn’t realize that property and casualty actuarial work existed separate and distinct from the life insurance field. In fact, it was the first day of my actuarial internship, the summer before my senior year in college, when I discovered … Read more