Casualty Actuarial Society Announces Winners of 2016 CAS Trust Scholarship

Posted in News, Scholarships & Awards

Honorees Include Students from Lebanon Valley College, University of Illinois at Urbana-Champaign and University of St. Thomas

June 27, 2016 Arlington, VA – The Casualty Actuarial Society (CAS) is pleased to announce the three university students who have been selected as recipients of the 2016 CAS Trust Scholarship, an honor created to further students’ interest in the property/casualty actuarial profession and encourage the pursuit of the CAS designations. The program annually awards up to three scholarships to actuarial students for the upcoming academic year, ranging from $5,000 to $10,000. This year’s awardees are Chase Yetter, a rising senior at Lebanon Valley College in Harrisburg, Pennsylvania; Chloe Marshinski, a senior at the University of Illinois at Urbana-Champaign; and Sarah Rumon, a rising junior at the University of St. Thomas in St. Paul, Minnesota.

Yetter, recipient of the program’s $10,000 scholarship, has gained industry experience at XL Catlin as a Global Claims Actuarial Intern and through attending industry events including the Spring 2015 and Fall 2015 Casualty Actuaries of the Mid-Atlantic Region (CAMAR) meetings, as well as the 2015 CAS Annual Meeting as part of the student program. This summer he will participate in The Hartford’s P&C Student Program as an Actuarial Intern. “I hope to quickly become a Fellow of the Casualty Actuarial Society (FCAS) and a Chartered Property Casualty Underwriter (CPCU)… I also hope to become one of the first to earn the predictive analytics credential that arises from the partnership between the CAS and The Institutes,” said Yetter.

Marshinski, recipient of a $5,000 scholarship, held an internship this past summer with CNA, which included completing pricing reviews, and comprehensive pricing analysis of the umbrella book of business. Before that she interned with a State Farm agent, researching products, communicating with customers about their product interests, and calculating auto insurance quotes for online leads. “Knowing my work is contributing to a field that helps our society function and grow gives me motivation and purpose in my work. I am specifically interested in the property-casualty industry because it encompasses so many different types of risk and is constantly faced with new challenges,” said Marshinski.

Rumon, recipient of a $5,000 scholarship, has participated in the Travelers Insurance Actuarial Summer Student Program as well as the Travelers Actuarial and Analytics Leadership Development Program. She is the founding member and president of the Beta Pi Chapter of Gamma Iota Sigma (GIS) at the University of St. Thomas and was selected as the International Student Representative for GIS at the annual GIS Conference last year. “During the course of my education and professional experiences thus far, I have come to realize that being an actuary is so much more than passing tough exams and being skilled with using Excel. To me, a successful actuary has three distinct sets of skills: analytical skills, business acumen and knowledge, and soft skills such as leadership, communication, time management, and more,” said Rumon.

Winners of the CAS Trust Scholarship were chosen by the CAS Trust Scholarship Subcommittee. Candidates must be enrolled as full-time students at a U.S. or Canadian college or university, demonstrate high scholastic achievement, and have taken at least one actuarial exam. A selection committee of CAS members assesses the candidates' academic records, two letters of recommendation and an application essay.

The three winners will be recognized at the 2016 CAS Annual Meeting taking place November 13-16 in Orlando, Florida.

About the Casualty Actuarial Society

The Casualty Actuarial Society (CAS) is a leading international organization for credentialing and professional education. CAS credentials demonstrate the expertise to identify, analyze and advise on the potential financial impact of risk and uncertainty. Professionals educated by the Casualty Actuarial Society empower business and government to make well-informed strategic, financial and operational decisions.