The CAS in 2014
Focused on the Future
Roosevelt C. Mosley, Jr., FCAS, MAAA
Midwestern Actuarial Forum Spring 2014 Meeting
Northbrook, IL
April 11, 2014
Our Roadmap for
the Future:
The CAS Strategic Plan
CAS Strategic Plan
Long Term Future
The CAS will be recognized globally as the
premier organization in advancing the
practice and application of casualty
actuarial science and educating
professionals in general insurance,
including property & casualty and similar
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CAS Strategic Plan
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1. Basic Education
The CAS will provide a basic education
system that reflects contemporary and
relevant analytical techniques and
business skills utilizing new technologies
for delivery and validation.
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1. Basic Education
Progress to Date:
– Examiners Report
– Education Structure Task Force Report
Strategic Focus for 2014:
– Increase the scope and breadth of statistics on the
Syllabus and decrease the amount of less relevant
material.
– Admissions Technology Task Force
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Admissions Technology
Task Force
Moving away from paper and pencil testtaking environment.
Design assessment to be more job-related.
Will explore content delivery, test taking,
test grading, releasing scores, and more.
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2. Continuing Education
Continuing professional development
programs will support the needs of all
members globally in established and
emerging areas of expertise.
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2. Continuing Education
Progress to Date:
– Considering international demand and
delivery to this audience
Strategic Focus for 2014:
– Increase the use of technology
– Increase partnerships
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3. Influence and Outreach
The CAS and its members will reinforce
the value proposition that the CAS brings
to its stakeholders.
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Influence and Outreach
Focus to Date:
– Re-launching the CAS Brand
– University Engagement
Strategic Focus for 2014:
– Enhance the value of the CAS credential among
employers and principals
– Continue to enhance relationships with universities
– Addressing the “candidate gap”
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Employers Advisory Council
Comprised of chief actuaries and practice leaders from a
representative group of current and prospective
employers of casualty actuaries.
Resource in understanding employers’ expectations for
their actuaries and assessing CAS performance in
delivering on those expectations.
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Research
The CAS will be recognized globally for
developing and publishing practical
applications of cutting edge research in
property/casualty topics.
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Research
Focus to Date:
– Translation from theoretical to practical
Strategic Focus for 2014:
– Increase engagement with other actuarial
organizations and professions worldwide in
order to increase the depth and breadth of
research in General Insurance topics
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General Insurance & PropertyCasualty Actuarial Alliance
Discussions underway with key non-US
P/C actuarial organization leaders:
– UK /GIRO
– Australia
– Canada
– South Africa
– ASTIN, IAA
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Automated Vehicles Task Force
Task Force will clarify the risks related to this developing
technology by:
– highlighting the technological and regulatory
developments to the actuarial community
– performing analyses that further the understanding of
the technology’s riskiness
– identifying opportunities for the CAS and the
insurance industry to influence and improve the risk
identification and quantification process
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Professionalism
The CAS will support activities that
continue to enhance confidence among
stakeholders and that promote the highest
quality of work among CAS members.
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Professionalism
Progress to Date:
– Assessment that on-going activities are
performing well.
Strategic Focus for 2014:
– Publish a best practices guide for peer review
of actuarial work products.
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Member Community
Members will value participation and
membership in the CAS community.
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Member Community
Progress to Date:
– Implementation of CAS Online Communities
– CAS Membership Survey
Strategic Focus for 2014:
– Continue to improve connectivity of
membership and candidates.
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Celebrating the CAS Centennial
Creating CAS stained glass window to be placed
in the Staple Inn, London, England.
Developing CAS History Book
Collecting historical photos
Launched the Centennial Website
CAS Centennial Celebration
CAS Centennial Celebration
A meeting for the members,
by the members
Centennial Orchestra and Chorus
Gala Dinner
Centennial Museum
CAS Centennial Celebration
Save the Date!
New York City
New York Hilton Midtown
November 9-12, 2014
CAS University
Engagement Update
University Engagement
CAS Student Central
CAS Academic Central
University Liaison Program
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University Engagement
Committee
UEC re-chartered in early 2013
25 member committee consisting of CAS members,
academics, CAS staff
Committee members meeting several times a month as a full
committee and as working groups
Help University Liaisons and Academics with their work on
campuses aimed towards best positioning the CAS for future
successes
Actively discussing both tactical and strategic items
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University Engagement Committee
2014 Goals
Provide guidance on shaping college curriculum around CAS
basic education system
Continue to broaden the U.S. University Liaison program as well
as abroad where there is a growing CAS community
Enhance and market the Academic Correspondent Program and
on-board new members
Increase engagement with the academic community with a focus
on CAS Research opportunities
Leverage relationships with other organizations
Pair CAS members as mentors with students
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University Engagement Update
Incorporated Student Programs into CAS Meetings and Seminars
– March 2013
• CAS Ratemaking & Product Mgmt Seminar – Orange County, CA
– May 2013
• CAS Annual Spring Meeting – Vancouver, BC
– September 2013
• CAS Casualty Loss Reserve Seminar – Boston, MA
– November 2013
• CAS Annual Fall Meeting – Minneapolis, MN
– March/April 2014
• CAS Ratemaking & Product Mgmt Seminar
– Washington, DC
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University Engagement
Update
Key Statistics as of Dec 31, 2013:
– 75 Academic Correspondents
– 350 University Liaisons
– 307 Universities with Assigned Liaisons
– 140 Universities remain on Target List
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New University Engagement
Resources in 2013
CAS University Liaison Program
– Best Practices checklist
– Mentoring/On-boarding for new liaisons
– Liaison Blog/Forum for idea/success exchange
– Library of Materials
• Basic Career Overview Presentations
• 101-Type Presentations & Modules
– Ratemaking, Reserving, Predictive Modeling, Reinsurance
– Sessions at CAS Meetings
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New University Resources
Available in 2014
Case Studies for classroom/extracurricular
settings
Curriculum Guide
Presentation Evaluation and Sign-in Sheets
Students’ FAQ’s
Infographic
Social Media Pages
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Academic Central Program
Eliminated annual fee
Easy Online Application for new members
Increased benefits to members
Online Community for academics to access
resources and connect
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Introducing…
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CAS Student Central
No membership fee
Automatic annual membership renewal
Access to resources
Free webinars
Invitations to networking events
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Student Central
Online Community
Stay connected!
Future Focus blog shares insights, tips and perspectives
from practicing casualty actuaries, university professors,
students and others.
CAS member directory will give you a sense of how far and
wide, broad and deep our network is.
View and connect with other student members
Receive updates from the CAS
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How can you get involved?
Become a University Liaison
Provide internship opportunities
Sponsor a research opportunity/contest
Facilitate the availability of data
Teach a class or speak at an Actuarial Club Meeting
Serve on an advisory board at a university
Provide funding for scholarships/programs
Invite local universities to your regional affiliate meetings
Career Day/Job Shadows at your company
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Questions and
Discussion