2025 CAS Trust Scholarship Recipients Announcement

The Casualty Actuarial Society (CAS) is thrilled to share the winners of the 2025 CAS Trust Scholarship! This award was made with the intention of furthering students’ interest in the property and casualty actuarial profession and encouraging the pursuit of CAS designations. The CAS received a record number of applications from around the world this year, resulting in an incredibly competitive cycle. This year’s eight recipients have demonstrated remarkable achievements, both academically and professionally, as well as a strong commitment to the P&C industry.

The 2025 awardees are Ava Brown, Jolin Cheung, Radhika Damle, Michal Gabrick, Saul Garcia, Sang Huynh, Duong Nguyen, and Alexia Xu.

$5,000 CAS Trust Scholarship Recipients

The awardees of the $5,000 CAS Trust Scholarship are Jolin Cheung, Radhika Damle, Sang Huynh, and Alexia Xu.

Jolin Cheung is a fifth-year student at McMaster University, where she is studying Actuarial and Financial Mathematics. In 2024, she interned at Echelon Insurance, where she gained experience with both the Commercial Property Pricing and Corporate Actuarial teams. This summer, she has returned to Echelon for another internship, working with the Corporate Actuarial and Personal Auto Pricing teams. She is also actively involved in the McMaster Actuarial Society.

“I am honored to receive this recognition from the CAS and deeply grateful for the support from my mentors, family, and friends. I’m excited to continue pursuing my passion for the profession and to give back to the next generation of actuaries.”

Radhika DamleRadhika Damle is a rising senior at the University of Nebraska – Lincoln in the Jeffrey S. Raikes School of Computer Science and Management, where she is majoring in Actuarial Science and Data Science with a minor in Computer Science. She previously held actuarial internships at Lincoln Financial and Travelers, and will gain additional actuarial experience through her internship at State Farm this summer. Radhika is currently serving her second term as the President of the Actuarial Science Club. She has held leadership positions as an Ambassador for the Honors program and Gamma Iota Sigma, and serves on the study advisory board for the College of Business.

“I am truly honored to be selected as a recipient of the 2025 CAS Trust Scholarship Award. Knowing that I have this support is very inspiring for me as I continue to grow and pursue my goals in the actuarial profession.”

Sang Huynh is in his final year of a master’s program in Actuarial Science, a joint degree between the Institut de Science Financière et d’Assurances in France and the National Economics University in Vietnam.Sang Huynh is in his final year of a master’s program in Actuarial Science, a joint degree between the Institut de Science Financière et d’Assurances in France and the National Economics University in Vietnam. After interning at Sun Life Vietnam in 2023 in an IT role, he found and developed a strong interest in the actuarial profession, which led him to pursue graduate studies in the field. In Summer 2024, he joined ORLab at National Economics University (NEU) as a Research Collaborator, contributing to a project in Portfolio Optimization. Currently, his research focuses on bias and fairness in insurance pricing.

“Receiving this recognition from the CAS is an incredible honor, one that I owe to the unwavering guidance of my professors and mentors, who are also my dearest friends. This isn’t just an award; it’s a powerful affirmation that fuels my ambition to become a researching actuary, dedicated to pushing the boundaries of actuarial science with work that genuinely matters.”

Alexia Xu is a fourth-year undergraduate student at the University of Toronto, specializing in Actuarial Science and majoring in Statistics.Alexia Xu is a fourth-year undergraduate student at the University of Toronto, specializing in Actuarial Science and majoring in Statistics. She is currently an actuarial intern at Intact Financial Corporation on the Personal Lines pricing team, after previously interning with their Specialty Lines pricing team in winter 2024. Her past experience also includes internships at Definity Financial Corporation in Commercial Lines pricing and at iA Financial Group in P&C pricing. Alexia has held leadership roles with the University of Toronto Actuarial Science Club, the Actuarial Students’ National Association (ASNA), and the Quantify Case Competition.

“I’m honored to receive the CAS Trust Scholarship and for the support I’ve had along the way. This recognition inspires me to further pursue my passion for actuarial science and give back to the community with purpose and dedication.”

$2,500 CAS Trust Scholarship Recipients

The awardees of the $2,500 CAS Trust Scholarship are Ava Brown, Michal Gabrick, Saul Garcia, and Duong Nguyen.

Ava Brown is a rising senior at Stanford University, where she is studying Data Science and interested in using machine learning and statistics for risk assessment.Ava Brown is a rising senior at Stanford University, where she is studying Data Science and interested in using machine learning and statistics for risk assessment. She spent the summer of 2023 as a data analytics intern with the Life and Annuity Predictive Analytics team at Milliman and the summer of 2024 as an investment banking intern with the Healthcare group at Goldman Sachs. In 2025, she will be joining Bridgewater Associates as a summer investment associate. Ava currently serves as the Executive President of the Associated Students of Stanford University, Executive Vice President of BLK Capital Management, Corp., President of TEDxStanford, and Team Manager of the Stanford Equestrian Team.

“I am incredibly thankful for the opportunity to be recognized as a CAS Trust Scholarship Recipient. This scholarship will help me make the most of my final year at Stanford as I explore data analytics, risk assessment, and the actuarial profession. The support of the actuarial community is unmatched, and I am grateful for the guidance and motivation I have found from outstanding organizations like the CAS.”

Michal Gabrick is a rising senior at the University of Texas at Austin, where he is studying Mathematics with a minor in Computer Science.Michal Gabrick is a rising senior at the University of Texas at Austin, where he is studying Mathematics with a minor in Computer Science. In the summer of 2025, he is working as an actuarial intern at Aon on the reinsurance solutions team, focusing on credit reinsurance. Michal currently serves as an officer for the University of Texas Actuarial Science Club and is the editor of the Actuarial program’s semesterly student newsletter.

“Receiving this scholarship from the CAS is an incredibly meaningful milestone in my journey toward becoming an actuary. I’m deeply thankful for the encouragement and support it represents, and I look forward to giving back to the actuarial community through hard work, curiosity, and service.”

Saul Garcia is a rising senior at Siena College, where he is pursuing a double major in Actuarial Science and Applied Mathematics with a statistics track, as well as two minors in Computer Science and Data Science.Saul Garcia is a rising senior at Siena College, where he is pursuing a double major in Actuarial Science and Applied Mathematics with a statistics track, as well as two minors in Computer Science and Data Science. He spent the summer of 2024 as an intern at Chubb’s reserving department and is returning for the summer of 2025 in their Westchester Programs company. Saul currently serves as the president of the Actuarial Science Club and the treasurer of the Computer Science Club at Siena.

“I am incredibly honored to receive this recognition from the CAS to help me in my upcoming career. I am also extremely thankful for my academic adviser, professors, parents, friends, and colleagues who supported me in my actuarial development.”

Duong Nguyen is a master's student in the joint program between Claude Bernard University Lyon 1  and the National Economics University.Duong Nguyen is a master’s student in the joint program between Claude Bernard University Lyon 1  and the National Economics University. In summer 2024, she interned in risk management at Bao Viet Life Corporation and later worked as an actuarial intern at Tasco Insurance, focusing on automobile insurance. In summer 2025, she will join PTI Insurance for another actuarial internship, focusing on product pricing. During the 2025-2026 academic year, Duong will continue her studies in France to complete the final year of her master’s program.

“I’m honored to receive this recognition from the CAS. I’m deeply grateful to my family, professors, mentors, and friends for their support — this encouragement inspires me to give back to the actuarial community and support others on their journey.”

LEARN MORE ABOUT OUR CAS TRUST SCHOLARSHIP PROGRAM

The CAS Trust Scholarship Program is funded by donations to the CAS trust, which affords members and others an income tax deduction for contributions of funds used for scholarships and research grants. The CAS Trust was qualified by the Internal Revenue Service in 1979 as a non-profit organization exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code.

CAS members are invited to contribute to the Trust; inquiries and contributions should be addressed to the CAS’s Chief Business Officer, Joyce Warner, at JWarner@casact.org.


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CAS Student Program at the Casualty Loss Reserve Seminar in Philadelphia, PA

The Casualty Actuarial Society is offering an in-person Student Program at this year’s Casualty Loss Reserve Seminar in Philadelphia, PA on September 9, 2025.  Members of CAS Student Central are invited to participate in this FREE one-day program!

CAS Student Program Attendees Will:

  • Learn More About the CAS, Reserving, and the Property and Casualty Industry
  • Network and Connect with CAS Members
  • Attend Professional Concurrent Sessions and Student-Specific Sessions

Registration is open to members of CAS Student Central. Students who are not yet members can easily sign up online, and then register to attend the event. There are a limited number of spaces available, therefore any students that register after we have reached capacity will be placed on a waiting list.

There is no cost for students to register to attend the CAS Student Program. Attendees are only responsible for transportation to/from the one-day event.

Agenda:

9-9:15am — Registration

9:15-10am — Welcome and Introduction to the CAS

10:15-11:15am — Basic Reserving Session

11:15-11:30am — Break and Transition

11:30-12:30pm — Concurrent Session

12:30-1:30pm — Lunch and Speed Networking

1:30-2:30pm — Concurrent session

2:30-2:45pm — Break and Transition

2:45-3:00pm — Evaluation and Group Photo

Location:

Sheraton Philadelphia Downtown

201 North 17th Street

Philadelphia, Pennsylvania

Please contact the CAS University Engagement Team at CASStudentCentral@caasact.org with questions about the event.


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2025 CAS Trust Scholarship

Apply for the 2025-2026 CAS Trust Scholarship!

The Casualty Actuarial Society (CAS) is pleased to announce that we are now accepting applications for the 2025-2026 CAS Trust Scholarship! The CAS Trust Scholarship Foundation, funded by donations to the CAS Trust, is open to full-time college students pursuing a career in actuarial science. Scholarships will be awarded in the amount of $2,500 and $5,000 for the 2025-2026 academic year.

The CAS Trust Scholarship Program application details and eligibility requirements are outlined below.

Applicant Eligibility Requirements:

  • Submit all sections of the CAS Trust Scholarship application by January 31, 2025.
  • Must be currently attending a college or a university as a full-time student and continuing as a full-time student in the 2025-2026 academic year.
  • Must have sat for at least one actuarial exam by March 31, 2025.
  • Must be a member of CAS Student Central.

Application Details: You must submit all the following to apply.

  • The online CAS Trust Scholarship application and essay.
  • Two recommendation letters included in the application, preferably completed by an internship supervisor, instructor, and/or adviser at your educational institution who knows you well.
  • A current transcript. Indicate whether the academic term is a semester, trimester, or quarter. If the current transcript shows grades for only one academic term, then also provide the official transcript from your prior educational institution.

Interested in applying? Please visit the CAS Trust Scholarship Program web page to learn more and submit your application.

If you have any questions about the CAS Trust Scholarship application, please email CASStudentCentral@casact.org. Completed applications must be submitted by January 31, 2025, and winners will be notified by May 31, 2025.

About CAS Student Central: CAS Student Central is a membership program for university students interested in pursuing an actuarial career. Join a community of nearly 8,000 students from over 600 universities who have already joined this free membership program to access career resources, study tools, and more!


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Apply for the 2024 Midwestern Actuarial Forum (MAF) Scholarship

OBJECTIVE:

The objective of the scholarship is to further students’ interest in the property/casualty actuarial profession and to encourage the pursuit of CAS designations.

AMOUNT OF SCHOLARSHIP:

Scholarships are awarded on the basis of individual merit. The MAF Scholarship Program will award up to three scholarships to deserving students for the 2024-2025 academic year. Award winners will receive a $2,500 scholarship.

Eligibility – You must meet all requirements to be considered

  • Must submit all sections of the MAF Scholarship application by September 6, 2024.
  • Currently attending a U.S. college or university as a full-time student.
  • Applicants must have sat for at least one actuarial exam by July of 2024.
  • Must be a member of CAS Student Central.
    • Join here for free: CASStudentCentral.org
  • Preference will be given to residents or those attending schools in one of the Midwest States (Illinois, Indiana, Iowa, Michigan, Minnesota, Ohio, or Wisconsin).
  • Applicants should demonstrate high scholastic achievement and strong interest in the casualty actuarial profession, mathematical aptitude, and communications skills.

You must submit:

The four-page MAF Scholarship application and attached essay.

Letter of Recommendation – OPTIONAL

One letter of recommendation may be included along with this application, preferably completed by internship supervisors, instructors, and/or advisers at your educational institution who know you well. However, this is not required.

*Incomplete applications will be disqualified without any consideration to partial information received.

Completed applications are due to MidwesternActuarialForum@gmail.com by September 6, 2024. You will be notified of award decisions by September 13, 2024.


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CAS Virtual Case Competition

Have you had limited exposure to property and casualty actuarial topics and never competed in a case competition before? Sign up to participate in the Virtual CAS Case Competition exclusively for university students! By participating in this event students will: 

  • Gain practical actuarial experience  
  • Hone their analytical, leadership, and presentation skills 
  • Cultivate teamwork and camaraderie 
  • Obtain relevant experience to highlight on your resume and during interviews  
  • Compete for cash prizes for winners and runners-up

The event would be held over the span of two weeks, with a kickoff session to introduce the case to the teams, followed by two weeks for students to collaborate on their solution on their own time (with access to office hours and mentorship from a CAS actuary), and concluding with a presentation day where the teams’ submissions will be judged and prizes awarded.

The topic will focus on pricing a homeowner’s warranty. Students will be assigned to teams to ensure balance in experience levels. Below please find the tentative timeline for the event: 

  • Deadline Sign-Up: January 29, 2024 
  • Team Formation and Introductions: February 5, 2024 
  • Case Competition Kick-Off: February 9, 2024 
  • Case Competition Town Hall: February 16, 2024 
  • Case Competition Presentations: February 23, 2024 

Eligibility 

We encourage university students who attend an actuarial program but have had limited exposure to property and casualty topics, limited access to actuarial internships and have not participated in a case competition before to participate. This event is also well suited for university students at schools without actuarial programs, as well as those who recently learned about the actuarial career 

Register Now!  

Questions? Please email CASStudentCentral@casact.org. 


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CAS and SOA Exploring Adjustments to Diversity Exam Reimbursement Program

The Casualty Actuarial Society (CAS) and Society of Actuaries (SOA) are working together to explore modifications to their jointly-sponsored Diversity Exam Reimbursement Program. A revised program is expected to be announced in 2024 as soon as the review can be completed; in the interim, the current program has been sunset. The Needs-Based Exam Reimbursement Program will remain available to actuarial candidates who demonstrate financial need.

Candidates who sat for CAS or SOA credentialing requirements through December 31, 2023, will still be eligible to apply for a reimbursement through the Diversity Exam Reimbursement Program, with applications due by March 31, 2024

The CAS and SOA remain jointly committed to enhancing diversity, equity, and inclusion in the actuarial profession. The two organizations are considering statistics on the Diversity Exam Reimbursement Program’s usage, existing barriers to entry into the actuarial profession, and the current legal environment to determine a revised program that can best facilitate this enhancement.


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Apply for the 2022-2023 Central States Actuarial Forum (CSAF) Scholarship

 

APPLICATION DEADLINE:  April 1, 2023                                                            Academic Year:  2022-2023

Objective

The objective of the scholarship is to further students’ interest in the property/casualty actuarial profession and to encourage the pursuit of the CAS designations.

Amount of Scholarship

The CSAF Scholarship Program will award $1,500 scholarships to college students for the current or subsequent academic year to assist with exam costs. This scholarship will be awarded on the basis of individual merit.

Eligibility – To be considered all applicants must:

  • submit all sections of the CSAF Scholarship application by the application deadline,
  • reside or attend a college or university in one of the Central States,
    (Colorado, Iowa, Kansas, Missouri, Nebraska, North Dakota, or South Dakota)
  • currently attend a U.S. college or university as a full-time student and continue as a full-time student at a U.S. college or university throughout the current academic year,
  • have sat for at least one actuarial exam by the application deadline,
  • be a member of CAS Student Central, and
    (Join here for free: CASstudentcentral.org)
  • demonstrate high scholastic achievement and strong interest in the casualty actuarial profession, mathematical aptitude, and communication skills.

Additional Rules

You must submit the full CSAF Scholarship application and required short essay.

A current official transcript will also be required from the selected candidate, once the award decision has been made.

Incomplete applications will be disqualified without any consideration to partial information received.

Completed applications are due by April 1, 2023. The award decision will be made April 15, 2023.

Apply Now!


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RPM 2023

Save-the-Date: CAS Student Program at the Ratemaking, Product and Modeling Seminar in San Diego, CA!

RPM 2023The Casualty Actuarial Society is offering an in-person Student Program at this year’s Ratemaking, Product and Modeling Seminar in San Diego, CA on March 14, 2023.  Members of CAS Student Central are invited to participate in this FREE one-day program!

CAS Student Program Attendees Will:

  • Learn More About the CAS, Ratemaking, and the Property and Casualty Industry
  • Network and Connect with CAS Members
  • Attend Professional Concurrent Sessions and Student-Specific Sessions

Registration is open to members of CAS Student Central. Students who are not yet members can easily sign up online, and then register to attend the event. There are a limited number of spaces available, therefore any students that register after we have reached capacity will be placed on a waiting list.

There is no cost for students to register to attend the CAS Student Program, attendees are only responsible for transportation to/from the one-day event.

Agenda:

9:15-9:30am – Registration

9:30-10:15am- Welcome and Introduction to the CAS

10:15-10:30am- Break and Transition

10:30-11:45am- Basic Ratemaking Session

11:45-12pm- Break and Transition

12-1:20pm- Lunch and Speed Networking

1:20-1:30 pm – Break and Transition

1:30-2:45pm- Concurrent session

2:45-2:55 pm – Break and Transition

2:55-3:05 – Evaluation and Group Photo

Location:
Loews Coronado Bay

4000 Coronado Bay Road

Coronado, CA ,92118

Please contact CAS University Engagement Manager, Margaret Gaddy, at mgaddy@casact.org with questions about the event.


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Enhancing Our Exam Content

In the spirit of our on-going commitment to transparency as we announce key milestones of the Admissions Transformation Plan (ATP), the CAS is sharing details regarding the process for deciding changes to topics covered on CAS exams. Over the past two years, the CAS utilized three separate analyses to ensure that the content presented on the ACAS and FCAS exams accurately represents a holistic viewpoint of the profession, and evaluates the skills needed to ensure CAS candidates and members are prepared to meet future skill demands. The CAS conducted the three analyses in response to stakeholder and candidate feedback, and to take proactive steps ahead of potential changes in the actuarial field. CAS exams have historically proven to credential highly qualified actuaries, and the CAS took these actions to ensure that we remain the gold standard for credentialing property and casualty actuaries.

The three analyses included

  • a Job Task Analysis (JTA),
  • a second JTA specifically focused on a deep review of predictive analytics skills, and
  • a series of focus groups with employers and other stakeholders to evaluate soft skills and skills needed for the future of the profession.

The work of the ATP to identify changes to CAS exams began with the Job Task Analysis conducted in 2020. This foundational analysis will inform the enhancements to all CAS exams, beginning with the new exams MAS-I, MAS-II, and 5, which are planned to be administered in the Fall of 2023.

The CAS worked with Assessment, Education, and Research Experts (AERE) to conduct the Job Task Analysis of working CAS members. Actuaries from a variety of backgrounds and practice areas were surveyed to identify the domains, tasks, knowledge and skills performed by practicing actuaries. Next, the accuracy of these competencies was further validated by a representative sample of practitioners in relevant actuarial fields, who also rated the importance, criticality and frequency of performance for the previously identified domains and tasks.

Following the first JTA validation, the CAS conducted a second, condensed JTA focused only on predictive analytics. Psychometric and P&C experts worked together to determine what material CAS candidates should be tested on, including a breakdown of the domains that should be assessed on each exam. These recommendations were based on the analysis of the most critical and frequently used domains, tasks and knowledge areas utilized by practicing property and casualty actuaries.

After extensive review and stakeholder feedback, a separate CAS task force reviewed the results and made additional recommendations about adding predictive analytics to the exam pathway.

Finally, guided by the CAS’s psychometric partner, ACS Ventures, the CAS conducted focus groups to determine what technical and soft skills would be needed by Actuaries in the next 3-5 years as the profession evolves. The focus group work used the CAS Envisioned Future as a primary source for its recommendations. The evolution outlined in the ATP is inspired by the CAS Envisioned Future, as described in the CAS Strategic Plan, that sees CAS members as sought after globally for their insights and ability to apply analytics to solve insurance and risk management problems. We are enhancing our long-standing professional certification model by adopting certification industry best practices that will enable us to swiftly respond to market needs so that CAS credentials remain the gold standard for property and casualty actuaries.

The final decisions on enhancements to topics covered in the ACAS and FCAS exam pathway were made by CAS practicing actuaries from a variety of experience levels and backgrounds in the P&C industry.

Our focus on strengthening our professional certification model represents our commitment to a future state that incorporates certification industry best practices to ensure that our credential holders have the professional knowledge and expertise to meet market demands. This will ultimately strengthen the value of our members’ credentials and uphold our position as the leading organization for credentialing property and casualty actuaries.

Later this year, the CAS will publish the domain-level topics for updated versions of the CAS exams, including the new MAS exams and Exam 5, which plan to be administered in Fall 2023. More information about upcoming changes to CAS exams can be found on the Admissions Transformation Plan webpage. As we reach additional milestones, CAS students, candidates and members can expect to see updates on the ATP webpage, which is our main information hub for our stakeholders. If you have any questions or feedback regarding the upcoming changes to CAS exams, please reach out to atp@casact.org.


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