CAS Sponsors Successful 47th Annual Gamma Iota Sigma International Conference

CAS Student Ambassadors with Mallika and AlisaThe Casualty Actuarial Society (CAS) joined over 625 of the top insurance, risk management and actuarial science students and advisors from 65 colleges and universities across North America at the Gamma Iota Sigma (GIS) 47th Annual International Conference October 4-6, 2018 in Chicago, Illinois. As a Sustaining Partner of GIS and a Platinum Conference Sponsor, the CAS had an active presence at the three-day conference, themed “Amplifying Disruption.” The CAS presented two educational sessions, interacted with students at the career fair, and met with university faculty.

GIS Booth 4The conference offered students exposure to the insurance sector and programming related to its many diverse career paths. With 84 exhibiting organizations and nearly 600 internship and entry level job interviews, the conference remains the most comprehensive event for the next generation of the insurance industry. The CAS provided a booth staffed with CAS member volunteers, who shared their advice and insights as practicing actuaries with students. CAS volunteers included Mallika Bender, Meghan Goldfarb, Chris Gross, James Hollman, Carlo Lahura, Alisa Walch, and Chase Wurdeman.

The two educational sessions led by the CAS included:

  • Understanding Predictive Analytics
    This session, presented by Meghan Goldfarb, FCAS, CSPA, Architecture Director at State Farm and Chris Gross, ACAS, President of Gross Consulting, covered how to get started in predictive analytics and provided examples of real world actuarial applications.
  • Warranty Case Study
    This session, presented by Alisa Walch, FCAS, Actuarial Studies Program Assistant Director at the University of Texas at Austin, took the students through an interesting insurance application, delving into a smart phone warranty case.

In addition, the CAS:

  • Delivered a presentation to university faculty at the Faculty Roundtable.
  • Participated in a gathering of insurance industry trade and professional organization representatives at the Association Roundtable.

Group Photo - BoothAlso of note, during its meeting held in conjunction with the conference, the GIS Board of Trustees approved its new President, CAS Member Wesley Griffiths, FCAS, Second Vice President and Actuary at Travelers. In addition, the Board appointed Mike Boa, Chief Communications Officer at the Casualty Actuarial Society, to his third term on the Board.

Notable industry-leading events that took place at the 2018 Conference:

  • GammaSAID, a groundbreaking student-focused initiative fostering meaningful dialogue and action across the industry around diversity, inclusion, and authenticity, facilitated the exploration of these topics throughout the program, with an interactive presentation during the Recruiters Roundtable, and in sessions led by Chief Diversity Officers and students from the GammaSAID Council.
  • Insurance Nerds Day, a new event featuring 20 engaging Learning Labs, a Distracted Driving Luncheon presented by Travelers, and an engaging line-up of speakers for Nerdy Nanotalks.
  • In partnership with the Insurance Industry Charitable Foundation (IICF), students and advisors held a letter-writing community service project to benefit Cradles to Crayons and Operation Gratitude, kicking off GIS’s 5th Annual Week of Giving.

Predictive Analytics Presentation - Chris and MeghanGIS is committed to developing and sustaining a robust collegiate talent pipeline and connecting students who are interested in pursuing careers in insurance to opportunities across the industry.

 

The next GIS Annual Conference will be held in Dallas, Texas.

 

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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.

 

About Gamma Iota Sigma

Incorporated in 1965 and boasting an annual membership of over 4,200 students and 25,000 alumni from a growing network of over 80 colleges and universities throughout North America, Gamma Iota Sigma (GIS) is the industry’s premier collegiate talent pipeline with over 50 years of experience 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 careers across all functional areas in insurance. GIS is committed to growing and supporting the number of highly qualified students entering the industry; to that end, not only has its core programming meaningfully expanded and diversified to include such initiatives as GammaSAID, One Campus at A Time, and the recently launched 2018 ITC Student Program in collaboration with InsureTech Connect, 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, trade associations, and other industry collaborators, the full spectrum of GIS programming provides its members with valuable interaction with the industry, as well as the tools to pursue and succeed in an insurance career. For more information, visit: GammaIotaSigma.org.

 

About the GIS Annual International Conference
First held in 1973, Gamma Iota Sigma’s Annual International Conference is the largest international event of its kind convening top talent looking to enter the insurance industry with representatives from companies and organizations who recognize the importance of a talent pipeline and sustaining interest in industry careers. The conference attracts the very best and brightest students throughout North America pursuing careers across all segments of risk management and insurance. For more information, visit: GammaIotaSigma.org/events/international-conference/


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CAS Spring Meeting Student Program - Group Photo

Attend CAS Student Program at the Casualty Loss Reserve Seminar in Anaheim, CA!

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.orgThere are a limited number of spaces, so we recommend you reach out early!

Location:
Anaheim Marriott
700 West Convention Way
Anaheim, CA 92802


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CAS Presents Webinar on Excel and R for Actuaries Hosted by ASNA!

Last month the CAS participated in a webinar hosted by Canada’s Actuarial Students’ National Association (ASNA), on the topic of Excel and R for Actuaries. The webinar was presented by CAS members Derek Wong, FCAS, Analytics Senior Consultant at CNA Insurance and Brian Fannin, ACAS, CSPA, CAS Staff Actuary.

The presentation provided an overview of each software package and featured live demos of common uses and functions of each software that are most relevant to actuaries.

Check out the webinar recording available for viewing on the ASNA website, to expand your knowledge and sharpen your skills in Excel and R!

ASNA presents a monthly webinar series for actuarial students at its member universities. You can view the list of past webinar recordings hosted by ASNA. Since 2013, the CAS has participated as a sponsor of the ASNA Convention held annually each January. The CAS has also contributed two case studies for the ASNA Case Competitions held in conjunction with the convention. To learn more about ASNA,  visit their website.


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Future Fellows – June 2018

The latest issue of Future Fellows – June 2018 is now available.

The Future Fellows newsletter is a fantastic resource; it provides students and candidates with the latest news and information relevant to the CAS including: event dates, actuarial exam dates and registration deadlines, and articles on various pertinent topics for the aspiring actuary.

The latest issue highlights information on:

  • To Appeal or Not to Appeal: When and How to Do It.
  • Learning About the CSPA
  • How Are Exam Questions Created?
  • Make Business Presentations Engaging
  • Candidate Corner

Read the Future Fellows Newsletter!


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CAS Sponsors “High School Actuarial Day” in Chicago

More than 300 high schools students and teachers from 14 Chicago-area high schools participated in the first High School Actuarial Day on April 18 at DePaul University. Spearheaded by CAS President Brian Brown, the event was held in partnership with DePaul and supported by the SOA, The Actuarial Foundation, the International Association of Black Actuaries, the Organization of Latino Actuaries, Gamma Iota Sigma, and CNA. More than 60 speakers and volunteer table leaders from these organizations participated in the event program.

The goal of the program was to expose high school students of color to the actuarial profession as a career choice. While the event was open to all students, schools with a high percentage of students of color were targeted, and within these schools, students in advanced math classes were encouraged to attend.

Recent research on barriers to entry into the profession for under-represented demographic groups has shown that one of the main reasons that students of color do not enter the profession is their lack of knowledge of the profession until late in college. This puts them at a disadvantage relative to other students, as many employers look to hire students who have passed a few actuarial exams and completed an internship before offering full time employment.

The agenda for the program included a mix of general session speakers, table discussions, and problem-solving activities. Program highlights included:

  • Practicing actuaries sharing why they became an actuary, what they love about working as an actuary, and the different job opportunities available to actuaries.
  • An overview of the process for pursuing a career as an actuary and resources available to students to assist them along their career path.
  • Math estimation and logic problems, which the students worked in teams to solve.
    Brown had made the High School Day one of his top goals for his term as CAS President. He commented that, “Putting on an event like this requires a lot of work, and I am very appreciative of the support we received, particularly from DePaul University, Chicago Public Schools, and the many volunteers who gave their time to make the event a success.”

He continued, “As we work towards building a diverse pipeline of future actuaries, I want to make this an annual event in Chicago.”

Read more about the event in a blog post authored by Brown on the CAS Roundtable. To view photos from the event, see the album on the CAS Facebook page.


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