Apply for the 2019 MAF Scholarship

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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:

Scholarships are awarded on the basis of individual merit. The MAF Scholarship Program will award up to two scholarships to deserving students for the 2019-2020 academic year. Both will receive a $1,000 scholarship.

Eligibility – You must meet all requirements to be considered

  • Must submit all sections of the MAF Scholarship application by August 15, 2019
  • Currently attending a U.S. college or university as a full-time student and continuing as a full time student at a U.S. college or university in the 2019-2020 academic year
  • Applicants must have sat for at least one actuarial exam by April of 2019
  • Must be a member of CAS Student Central
  • 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 communication skills.

You must submit the following:

  • The four page MAF Scholarship application and attached essay.
  • One letter of recommendation included in this application, preferably completed by internship supervisors, instructors and/or advisors at your educational institution who know you well. Separate letters must be submitted and accompanied by the recommendation forms included. Only one recommendation letter will be considered.
  • A current official transcript.

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

*Completed applications are due by August 15, 2019.

*You will be notified of award decisions by September 15, 2019.

Applications are available from MAF or online at the MAF website at https://www.casact.org/community/affiliates/maf/

For further information contact:

MAF Scholarship
MAFscholarship@casact.org


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Casualty Actuarial Society Announces Winners of 2019 CAS Trust Scholarship

Honorees Include Students from Brigham Young University, Drake University, and University of St. Thomas

The Casualty Actuarial Society (CAS) is pleased to announce that three university students have been selected as recipients of the 2019 CAS Trust Scholarship, an honor created to further students’ interest in the property and 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 Tommy Anderson, a rising senior at the University of St. Thomas in St. Paul, Minnesota; Jack Richards, a rising senior at Drake University in Des Moines, Iowa; and Cason Wight, a rising senior at Brigham Young University in Provo, Utah.

Anderson, recipient of the program’s $10,000 scholarship, has gained industry experience at Travelers Insurance where he interned in 2017 and 2018. He returns to Travelers this summer as an intern in the Actuarial and Analytics Leadership Development Program focusing on small commercial analytics. Anderson participates in several campus activities including serving as Vice President of Alumni Relations for Gamma Iota Sigma and playing on the men’s varsity basketball team. “I’m honored to receive this prestigious award, and grateful for the tremendous generosity of the CAS. This organization provides aspiring actuaries like me with the support they need to grow into industry leaders and positive difference-makers. The award further inspires me in my pursuit of the FCAS designation, and I am excited for the opportunity to meet and learn from many great actuaries through my involvement with the CAS. I also want to thank God, my family and friends, the faculty at St. Thomas, and my coworkers for their continuous support in my journey,” said Anderson.

Richards, recipient of a $5,000 scholarship, has completed three internships and is spending this summer at Deloitte Consulting as a Summer Scholar with the Actuarial and Insurance Solutions practice. Previous employers have included Farm Bureau Financial Services, where he interned in fall 2017, and Travelers Insurance, where he interned in their actuarial program from 2017 to 2019. Richards is active at Drake University, having served as Co-President of the Gamma Iota Sigma Chapter in 2018, and Director of the Drake Symposium the last two years. “I am proud to be a recipient of the 2019 CAS Trust Scholarship Award. I’ve been amazed by the passion and volunteerism of the Casualty Actuarial Society, and I aspire to obtain my credentials and exemplify these values as a future actuary,” said Richards.

Wight, recipient of a $5,000 scholarship, spent last summer as a P&C actuarial intern at Oliver Wyman and is pursuing an internship at Cigna this summer. He is a leader within BYU’s Actuarial Club, serving on its executive committee. Additionally, Wight has participated in several actuarial research projects, and has shared those results at two student research competitions and during a session at the 2018 CAS Annual Meeting. The projects have also resulted in a written report published by the CAS and SOA and an academic paper to be published by an academic journal in fall 2019.  “I am honored and thrilled about the scholarship. I appreciate what the CAS does and how they are supporting me in my education. I hope to have a positive impact on the profession going forward,” said Wight.

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 2019 CAS Annual Meeting taking place November 10-13, 2019 in Honolulu, Hawaii.

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.


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CAS is Hosting a Student Program in Austin, TX

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The Casualty Actuarial Society is pleased to offer a FREE student program at this year’s Casualty Loss Reserve Seminar (CLRS) in Austin, TX on September 17, 2019. University students interested in pursuing an actuarial career are invited to participate in this 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

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.

If you would like to register to attend the CAS Student Program in Austin, please contact CAS University Engagement Manager, Tamar Gertner, at Tgertner@casact.org, to reserve your space. There are a limited number of spaces available, therefore any students that contact us after we have reached capacity will be placed on a waiting list.

Location:

Fairmont Austin
101 Red River Street
Austin, TX 78701


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Future Fellows – June 2019

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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: Exams IRL: MAS-I


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IABA Annual Meeting Registration

August 1 – 3, 2019
Marriott Marquis
Houston, TX

CAS Student Central members are invited to attend the 2019 Annual Meeting of the International Association of Black Actuaries (IABA), scheduled for August 1 – 3, 2019 at the Marriott Marquis in Houston, TX.

Register today, and take advantage of early bird discounts. Fees increase after July 2.

Benefits for Students:

  • College-tier professional development sessions
  • Networking with actuaries of all ages
  • Opportunity to connect with mentors
  • Over 35 companies exhibiting at career networking event
  • On-site interviews
  • Discounted rate – $125 members, $150 non members
  • Open to ALL WHO SUPPORT OUR MISSION

Benefits for Professors:

  • Professional development sessions for all experience levels and practice areas
  • Networking with actuarial employers and other program directors
  • Over 35 companies exhibiting at career networking event
  • Discounted rate – $125 members, $150 non members
  • Open to ALL WHO SUPPORT OUR MISSION

 


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Invitation to Webinar Hosted by Gross Consulting on Predictive Modeling Software Available to CAS Student Central Members!

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Predictive Modeling has been a dominant topic in actuarial science for over a decade.  In 2012, Gross Consulting released Cognalysis MultiRate – a Windows-based predictive modeling application built for practicing actuaries, by practicing actuaries.

In 2018, Gross Consulting and the CAS announced that all actuarial students registered with CAS Student Central would receive a complimentary license to MultiRate, for personal, academic, or commercial use.

This year, Gross Consulting is excited to announce Version 5 of MultiRate, which will include a number of dramatic improvements to both modeling options and modeling process.

  • Guided modeling process
  • Dramatically improved auto-improvement performance
  • Unstructured text analytics
  • Sophisticated variable interaction effects
  • Creation of DLL for integration of final models into Excel, R, etc.

To register for the release webinar and see all the features of MultiRate Version 5 in action, go to http://www.cgconsult.com/V5

More about Cognalysis MultiRate:

MultiRate implements a predictive modeling approach based on multiplicative models, grounded in Bailey Minimum Bias, but incorporating rigorous performance testing of alternative models, incorporation of credibility, smoothing techniques, intelligent binning of continuous variables, automated model improvement and more. The result?  Predictive models that are powerful, robust, implementable, intuitive, and explainable.

We believe that predictive modeling should be a part of every practicing actuary’s toolset.  We also believe that being a programmer or data scientist shouldn’t be a barrier to entry for predictive modeling.  Cognalysis MultiRate is a predictive modeling tool build for actuaries, by actuaries.

To see how MultiRate can help you make Predictive Modeling a part of your core toolset, join our webinar June 27 as we discuss this feature in more detail, and the rest of the new features in Cognalysis MultiRate V5.

http://www.cgconsult.com/V5


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Apply to Attend the InsureTech Connect (ITC) Student Program in Las Vegas

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Members of CAS Student Central, check out this exciting opportunity to attend the InsureTech Connect Student Program, sponsored by our partners at InsureTech Connect (ITC) and Gamma Iota Sigma (GIS). They invite you to submit student nominations to participate in InsureTech Connect, taking place September 23-25, 2019 in Las Vegas.

ITC will sponsor up to 20 students to attend the world’s largest insurtech event, offering unparalleled access to the most comprehensive gathering of tech entrepreneurs, investors and insurance industry executives from across the globe.

Student Program at ITC

  • Selected students will be invited to attend all official activities, including the Official Kick-Off Reception, Expo, daily networking receptions and the Closing Party.
  • Pre-conference session on Monday, September 23 with tailored programming.
  • A customized Student Track Agenda with recommendations will be provided for remaining programming and breakout sessions.
  • Throughout the conference, students will have the opportunity to network with more than 7,000 attendees expected at ITC.

Student Eligibility

  • Students may nominate themselves and procure the required nomination letter from a professor or industry representative, or an educational institution or member of the industry may nominate a student.
  • Open to full-time college/university students.
  • Students must be 21 years of age or older.
  • Nominated students must have an overall GPA of 3.0 or better.
  • Students must demonstrate a desire to work in the insurance industry and be interested in seeking entry-level employment in any discipline within the industry.
  • Special consideration will be given to students with coursework in technology or a demonstrated interest in the tech space.

Read more about eligibility, required materials, and other information at the ITC website: https://insuretechconnect.com/students.  All information should be submitted via the online application form no later than Monday, July 1, 2019.


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