The Casualty Actuarial Society is offering a Student Program at this year’s Casualty Loss Reserve Seminar (CLRS) in Anaheim, CA on September 6, 2018. Members of CAS Student Central are invited to participate in this FREE one-day program!
Attend the CAS Student Program for the opportunity to:
- Enhance your knowledge on reserving and the property and casualty industry.
- Network with practicing actuaries.
- Participate in both regular seminar sessions and student-specific sessions.
- Be mentored by CAS members, who will provide guidance on the actuarial career and help navigate the seminar while you network and attend sessions together.
If you would like to register to attend the CLRS Student Program, please contact Tamar Gertner, CAS University Engagement Manager at Tgertner@casact.org. There are a limited number of spaces, so we recommend you reach out early!
700 West Convention Way
Anaheim, CA 92802
The CAS hosted its spring webinar for Student Central members on Predictive Analytics and Your Actuarial Career. The webinar provides information on how to leverage the data all around us in new ways. It was developed to provide an update on how to get started in predictive analytics using various steps, tools and resources.
The webinar recording is now available for viewing in the CAS Student Central Online Community.
Meghan Goldfarb, FCAS, MAAA, CPCU, CSPA, Research Manager at State Farm
Chris Gross, ACAS, MAAA, Founder of Gross Consulting
CAS Student Central sat down with Amy Brener, director of The CAS Institute (iCAS), to get responses to some of your frequently asked questions about iCAS and the Certified Specialist in Predictive Analytics (CSPA) credential.
What is The CAS Institute?
The CAS Institute – or iCAS for short – is a subsidiary of the CAS. It was formed in 2015 to provide new specialty credentials for both actuaries and non-actuaries in the insurance industry.
What is the CSPA credential?
“CSPA” stands for Certified Specialist in Predictive Analytics. It’s the first credential being offered by The CAS Institute. The CSPA provides evidence of practical knowledge in applied predictive analytics and data science. Professionals who pursue the CSPA do not need to be actuaries.
How does the CSPA differ from actuarial credentials?
All iCAS credentials, including the CSPA, are designed for any professional seeking recognition in specialized quantitative practice areas related to traditional actuarial work, such as predictive analytics, data science and catastrophe model analytics. The credentials are intended to stand on their own for data analytics professionals, but they also serve as a complement to actuarial training for actuaries working in more technical analytics roles.
iCAS actually recently released a short video that outlines details about the credential, including the story behind its creation and the basic requirements. The video also features interviews with data science professionals talking about the CSPA. Details about the CSPA requirements are available on our website.
Should I, as a university student, consider pursuing and earning an iCAS credential?
iCAS programs are not designed to be “entry-level” credentials. These credentials are designed for experienced professionals already working in specialized quantitative practice areas in the insurance sector or closely related sectors such as banking, risk management and capital markets. Professional experience provides the necessary on-the-job training and applied knowledge required to become credentialed by The CAS Institute.
After obtaining experience through an industry position, iCAS credentials can help you stand out in a competitive job market by demonstrating mastery of the technical skills needed for success in a rapidly-changing field. A professional credentialing program provides benefits over graduate programs or boot camps in these complementary specialty areas because you can gain experience applying skills outside the classroom environment, which could include developing practical, real-world examples for your portfolio.
Should actuarial majors pursue iCAS credentials?
Actuarial students are not a target population for iCAS credentials, so I wouldn’t necessarily encourage actuarial majors to pursue iCAS credentials while in school. The credentialed actuary pathway is very specific and rigorous. It requires students to complete actuarial-related coursework and pass actuarial exams while gaining work experience through actuarial internships and training programs. Once you’re in a professional role and credentialed as an actuary, then you’ll get the experience and knowledge you’ll need to earn an iCAS credential.
How should I prepare to become certified by iCAS in data science and predictive analytics?
If you’re studying data science, computer science, statistics, and predictive analytics, you’ll be able to get a job in a specialized quantitative practice area upon graduation. What you’ve learned in school, coupled with on-the-job experience, will help position you to earn iCAS credentials down the road.
The latest issue of Future Fellows – March 2018 is now available.
- Opinion: Cheaters Gonna Cheat
- CAS Revises Examination Discipline Policy
- Introducing PSI, Provider of CAS Remote Proctors
- Filling in the Blanks for Exam 5 TBE
- Technology-Based Examination Computer Requirements
- CAS Continues to Expand Use of Integrative Questions on Spring 2018 Exams
The Casualty Actuarial Society participated in The Pipeline Virtual Career Fair on February 13, 2018, joining insurance industry employers and organizations in connecting with students pursuing careers in insurance. The event was organized by Gamma Iota Sigma (GIS), the insurance industry’s premier collegiate talent pipeline, in conjunction with Insurance Careers Month. The Pipeline Virtual Career Fair was offered to students at no cost, and was attended by 700 students from both GIS chapter schools as well as nearly 50 additional schools. Nearly 1,400 interviews were completed in the five hours the event was running.
GIS Chief Executive Officer Noelle Codispoti noted, “Our firsthand experiences with our industry partners help to shape the programming we provide, and that’s no different when it comes to the industry’s need to meet the talent gap head-on. We see the need, we hear the industry demand, and we are helping to hone the talent solution through our ever-expanding network of students and chapters. All of these factors converged for us to make a meaningful contribution to Insurance Careers Month by doing what we do best: connecting top collegiate talent to opportunities in the industry through thoughtful and strategic collaboration.”
CAS University Engagement Manager Tamar Gertner said of CAS’s participation, “We want to thank GIS for organizing this innovative event, and spearheading a new way to connect with university students. As a Sustaining Partner of Gamma Iota Sigma, we appreciated the opportunity to participate in this event. The virtual career fair platform offered the CAS a chance to communicate with a number of students from a variety of universities, answering questions about the actuarial career path and the credentialing process, and sharing details about the resources and benefits offered through CAS Student Central, our free student membership program.”
The next Gamma Iota Sigma career fair will be held in conjunction with their Annual International Conference, scheduled for October 4-6, 2018 in Chicago, Illinois.
The Casualty Actuarial Society (CAS) is a leading international organization for credentialing and professional education. Founded in 1914, the CAS is the world’s only actuarial organization focused exclusively on property and casualty risks and serves over 8,000 members worldwide. Professionals educated by the CAS empower business and government to make well-informed strategic, financial and operational decisions.
About Gamma Iota Sigma
Incorporated in 1965 and boasting an annual membership of over 4,000 students at 76 colleges and universities throughout North America, Gamma Iota Sigma (GIS) is the industry’s premier collegiate talent pipeline and has over 50 years of history of engaging students and preparing them for careers in insurance. GIS is the only organization of its kind and is the solution to the industry’s talent gap issue, pursuing a mission to promote, encourage, and sustain student interest in insurance. GIS is committed to growing the number of highly qualified students entering the industry; to that end, the number of GIS students and active chapters has more than doubled in recent years and continues to grow. In partnership with Sustaining Partners, corporate supporters,
professional organizations, and trade associations, the full spectrum of GIS programming provides its members with meaningful interaction with the industry, as well as the tools to pursue and succeed in an insurance career. For more information, visit: GammaIotaSigma.org.
We are excited to announce that through a partnership with Gross Consulting, members of CAS Student Central are being granted exclusive access to predictive modeling software called Cognalysis MultiRate™. This software is described by Gross Consulting as “a powerful predictive modeling tool for actuaries, analysts, and others whose jobs depend on understanding predictive relationships in their data.”
This new complimentary resource is geared towards actuarial students interested in gaining practical hands-on experience by building their own predictive models! Why is this beneficial? “Predictive modeling is critically important to the insurance industry, and its use in the industry continues to expand across lines of business and across insurance company operations,” states Chris Gross, CEO of Gross Consulting. While becoming familiar working with predictive models, students will develop valuable skills that can be added to their resumes and incorporated into talking points during job interviews!
So how can students get started? CAS Student Central members can access the software via the Career Resources tab. There they will find the software available for download, along with a dataset pulled from the website Kaggle.com, and three videos that orient them on getting started with MultiRate, and interpreting MultiRate results. Not a CAS Student Central member yet? Join today to gain access to this valuable resource.
To kick off Insurance Careers Month, A.M. Best and the Insurance Careers Movement hosted an Industry Leader Town Hall on February 1, 2018.
The town hall covered a series of interviews done by industry leaders from various companies and organizations within the insurance sector. Among those represented were two CAS members, Brian Duperreault, President and CEO at American International Group and Matthew Mosher, Executive Vice President and Chief Operating Officer at A.M. Best.
Tune in below to listen to the advice they shared on careers within the insurance industry and more on the Insurance Careers Movement!
Career Advice and the Insurance Careers Movement: Brian Duperreault:
“Working in insurance requires a mix of analytic, technical and social skills, making it a surprisingly interesting and engaging career choice.”
Career Advice: Matt Mosher
“Look for a company that’s going to support you…build your foundation early.”
To become more familiar with Insurance Careers Month, see our announcement.
To watch the entire town hall, please refer to the webinar link.