Month: January 2022

CAS and The Institutes Announce New Discount for Online Courses

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The CAS in partnership with The Institutes is pleased to announce that CAS Online Courses will now be offered at a 50% discount to full-time students and candidates without full-time employment. This discount will apply to CAS Online Courses 1 and 2, as well as the new online course on data concepts referenced in the December news post outlining changes to CAS’s 2023 credentialing requirements. The new Online Course 3 will be offered in fall 2022 and is being released as part of the CAS’s multi-year Admissions Transformation Plan (ATP).

The CAS Online Courses provide candidates with industry and technical knowledge that is used by actuaries in their everyday job duties. While these courses have typically been taken towards the latter part of a candidate’s credentialing journey towards associateship, candidates would benefit from taking these courses after meeting the Exam 1 and 2 requirements to prepare them for internships and their first full time opportunity. They can take the courses remotely, and the new discount will make it more viable for the Online Courses to be taken while still in school, or prior to gaining full time employment.

“As a long-standing partner of the Casualty Actuarial Society, we are pleased to make these courses and credentialing opportunities more accessible to today’s college students,” said Adam Carmichael, CPCU, President of The Institutes. “Together we can ensure a strong future for new professionals seeking to expand their knowledge and skills in insurance predictive analytics and data science.”

Students who are members of CAS Student Central, CAS’s free program for university students, and candidates not currently employed full time can now apply for a 50% discount by filling out a short form and receiving a one-time code to use when registering for the course.

Online Course Discount Form

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2022 ARECA Actuarial Scholarship Announced for Undergraduates in Asia

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ARECA is pleased to announce the 2021/22 scholarship competition for current undergraduate students in the Asia Pacific region who are interested in pursuing the actuarial profession.

About the Scholarship:

The primary element of the scholarship competition is for the applicant to prepare an essay (approximately five pages) addressing a business scenario that is illustrative of the issues that are analyzed by property / casualty actuaries in their daily work.

Scholarship awards of US $1000 each (cash) will be awarded to three students. In addition, the Scholarship winners will have the opportunity to publish their scenario essays in CAS publications, and to participate in an upcoming local ARECA meeting (or other actuarial event) during 2022.

The funding for these scholarships is sponsored by AXIS, part of the AXIS Capital group of companies, which includes global insurers and reinsurers providing clients and distribution partners with a broad range of specialized risk transfer products and services.

About ARECA

Asia Region Casualty Actuaries (ARECA), based in Asia Pacific, is a Regional Affiliate of the Casualty Actuarial Society (“CAS”). ARECA is one of 17 CAS Regional Affiliates providing high-quality education opportunities to CAS members, candidates, students and other risk professionals across the world. For more information visit the CAS website.

Applications are due by 31 March, 2022.

Interested? Get more information and apply here!

Contact:

If you have questions about the scholarship, ARECA, the Casualty Actuarial Society, or the actuarial profession after reviewing the material available through the above link, please contact Bo Lin, CAS International Relations Manager, at blin@casact.org.

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The Wall Street Journal Publishes Article on Actuarial Exam Process

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Last week The Wall Street Journal published an article exploring the rigors of the actuarial exam process, featuring anecdotes from candidates about their personal exam journeys.

CAS Staff Actuary Ken Williams, FCAS, was quoted in the overall piece and emphasized that the CAS is working to diversify its candidate pipeline while maintaining the rigor and integrity of the ACAS and FCAS credentials. “I think the piece certainly accurately details the arduous exam process,” said Williams of the published article. “But I think there are so many rewards from the credential you get at the end of the exam journey that make it worth it, which could have been highlighted as well. I personally think the knowledge and skills I learned from taking the exams, the career journey I have enjoyed as an actuary with my FCAS designation, and the community of belonging as a CAS actuary are just a few of the things that make this career path so desirable.”

The article also notes that the actuarial profession is seeing a decline in first-time exam candidates, but Williams said the CAS is not seeing the same for its exams. “In the past five years, we have actually had a 29% increase in candidates. So, we are very optimistic about the growth of the CAS pipeline and are excited to welcome this next generation of actuaries.” For more on CAS’s plans to modernize and transform its admissions process to meet the needs of today’s exam candidates, visit casact.org/ATP.

The full WSJ article is available on The Wall Street Journal website (subscription required).

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