The CAS and Travelers are excited to host the Spring CAS Student Central Webinar exclusively for Student Central members on February 27th at 4pm EST.
Registration is free and open to CAS Student Central Members. Not yet a member? Sign up today!
What is the Travelers Predictive Modeling Cooking Show?
The Travelers Predictive Modeling Cooking Show is a window into the kitchen of master “chefs” as they work, except the chefs are whipping up something different: a predictive model. Watch real actuaries and data experts showcase their modeling skills as they compete to solve a classic real-world prediction problem. You’ll learn basic modeling concepts including data “scrubbing,” the basic steps used to build a model, and how to measure the effectiveness of a model. Featuring audience polling – While we cook, you and the other audience members can submit your own predictions to compete with our chefs. This unique and entertaining presentation will enhance your appreciation and understanding of analytics and modeling.
Meet the Presenters!
Megan Camanocha, ACAS, is a Manager in Business Insurance Analytics & Research at Travelers. She has worked in the insurance industry since 2008, joined Travelers in 2014, and has held various actuarial and advanced analytics roles across both Business Insurance and Personal insurance. Megan holds a degree in Applied Mathematics from Boston University.
Nathan Hubbell, FCAS, is a 2nd Vice President in Business Insurance Analytics & Research at Travelers. He started at Travelers in 2002, and has held a variety of actuarial and analytics positions across Personal, Business and International insurance. Nathan is a graduate of St. Olaf College, where he majored in Mathematics with Statistics and Molecular Biology concentrations.
Melissa Schenck, ACAS, is a Senior Manager of Customer Analytics in Personal Insurance at Travelers. She started at Travelers in 2013 and held roles in Business Insurance as well as Enterprise Business Intelligence and Analytics prior to joining Personal Insurance. Melissa holds a dual degree in Mathematics and Economics from Rensselaer Polytechnic Institute.
Naveena Spitz is a Senior Director in the Information Management & Analytics department at Travelers. She has worked in the insurance industry since 2003, joined Travelers in 2013, and has held various roles in data analytics, data engineering, business analytics and advanced analytics. Naveena is a graduate of Baylor University and holds degrees in Management Information Systems and International Business.
Rick Sutherland, FCAS, is a 2nd Vice President in Business Insurance Actuarial Product at Travelers. He has worked at Travelers since 2006, with prior roles in Corporate Actuarial, Public Sector, and Commercial Accounts. Rick holds a Mathematics degree from St. Olaf College.
Chad Wilson, FCAS, is a 2nd Vice President in Business Insurance Actuarial Product at Travelers. He has worked at Travelers since 2006 in various actuarial, modeling, and business roles across both Personal Insurance and Business Insurance. Chad holds a Master’s of Science degree in Mathematics from the University of Alabama at Birmingham.
The Casualty Actuarial Society is pleased to offer a FREE student program at this year’s Ratemaking, Product, and Modeling Seminar (RPM) in New Orleans, LA on March 24, 2020.
University students interested in pursuing an actuarial career are invited to participate in this one-day program!
- Build your resume by attending a professional conference hosted by the Casualty Actuarial Society!
- Practice your networking skills as you connect with insurance and actuarial professionals
- Expand your knowledge by attending sessions on insurance industry hot topics!
There is no cost for students to register to attend the one-day CAS Student Program. However, attendees are responsible for any travel costs incurred including transportation and lodging (if applicable).
If you would like to register to attend the CAS Student Program in New Orleans, 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.
Sheraton New Orleans
500 Canal St.
New Orleans, LA 70130
Last month the CAS and ACTEX Learning hosted a webinar for Student Central members entitled, “How to Pass Your Actuarial Exams: Learn More, Study Less.” The webinar featured Roy Ju, FSA, CERA, MAAA, Mike Jennings, FSA, CERA and Ken Williams FCAS, MAAA, CAS Staff Actuary.
The International Association of Black Actuaries (IABA) has recently launched its Scholarship and Boot Camp applications!
The application deadline for both programs is March 31, 2020.
The IABA Scholarship Program provides scholarships at the undergraduate and graduate level for black students who are interested in pursuing actuarial careers.
Scholarships are awarded on the basis of individual merit. The amount of the award typically ranges from $2,000-$5,000 and is based on full-time status during the upcoming school year.
The scholarship program is available to students of African descent originating from the United States, Canada, the Caribbean and African nations.
Eligibility info: http://www.blackactuaries.org/page/Eligibility
Application info: https://www.blackactuaries.org/page/Scholarship
IABA Boot Camp
The IABA Actuarial Boot Camp is the premier program for transitioning black actuarial students to the actuarial industry. The majority of our past attendees report that the Boot Camp was instrumental in confirming their interest in the career and helping them through the interview process. In many cases, they were introduced to their employer through their Boot Camp participation. Visit the website for more information (https://www.blackactuaries.org/page/2020IABABootCamp)
Eligibility & application info: https://www.blackactuaries.org/general/custom.asp?page=BootCampApplication
If you have any questions, please contact IABA’s Executive Director, Kate Weaver, at firstname.lastname@example.org.
ARECA is pleased to announce the 2020 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, ARECA and CAS plan to publish the winning scenario essays, and to invite the three winning students to participate in an upcoming local ARECA meeting (or other actuarial event) during 2020.
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.
ARECA (“Asia Region Casualty Actuaries”) was formed in 2015 as a regional affiliate of the Casualty Actuarial Society. ARECA provides continuing education programs, information and other support to actuarial programs at universities across Asia, networking opportunities for current and future actuaries, and now the ARECA scholarship. For more information about ARECA, visit the CAS website.
Applications are due by 1 March, 2020.
Interested? Get more information and apply here!
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 Michael Chou, CAS International Relationship Manager, at email@example.com.
The CAS and ACTEX Learning are hosting a free webinar exclusively for members of CAS Student Central on November 21st from 5-6 p.m. ET.
The webinar will feature Roy Ju, FSA, CERA, MAAA, Mike Jennings, FSA, CERA and Ken Williams FCAS, MAAA, CAS Staff Actuary.
In 2015, Roy Ju broke the world record as the youngest FSA of all time (age 20). After fifteen months of testing these strategies and accelerating his own exam process (passing 2 preliminary exams, a fellowship exam, the FAP modules, and the FSA modules over this period), he partnered with Mike Jennings to share these strategies with all actuarial students. Together they wrote the book, Actuarial Exam Tactics: Learn More, Study Less.
In this webinar, they’ll share exclusive insights from the book’s three pillars:
- Effectiveness (how to pass)
- Efficiency (how to pass in less time)
- Adherence (how to stick to your study schedule)
Ken Williams, FCAS, MAAA will join Mike and Roy to add a unique perspective from his journey to Fellowship and his experience teaching actuarial classes at Illinois State University.
In addition to the study tips in this webinar, we will raffle 10 free copies of Actuarial Exam Tactics. Register at the link below and you will automatically be entered into the drawing.
Your questions answered
We will dedicate a large portion of the webinar for audience Q&A. You can submit live questions during the webinar, but we encourage you to pre-submit questions below to make sure they get answered. Whether it’s study tips, exam questions, or career advice – let us know what you’d like to hear.
- Mike Jennings, FSA, CERA, Assistant Actuary at Principal Financial Group
Mike Jennings is a co-author of the book Actuarial Exam Tactics: Learn More, Study Less and co-founder of www.rethinkstudying.com. He has 5 years of actuarial experience working with group disability and international retirement products.
- Roy Ju, FSA, CERA, MAAA, Senior Actuary at Nationwide Financial
Roy Ju is a co-author of the book Actuarial Exam Tactics: Learn More, Study Less and co-founder of www.rethinkstudying.com. He works as a Senior Actuary (Director) within Life & Annuity business lines.
- Ken Williams, FCAS, MAAA, Staff Actuary, Casualty Actuarial Society
Ken Williams is the Staff Actuary of the Casualty Actuarial Society, a leading international organization for credentialing and professional education of actuaries. Prior to joining the CAS, Ken spent 26 years with COUNTRY Financial Insurance Company. Ken has also been a lecturer in the Math department at Illinois State University for 18 years. He is both a Fellow of the Casualty Actuarial Society (FCAS), and a member of the American Academy of Actuaries (MAAA).
My name is Melissa Salazar and I am a Senior Actuarial Analyst at Nationwide Insurance where I work in Management Liability and Specialty Lines of insurance. I was raised in Florida where I went to school at the University of Florida (Go Gators!) and obtained my Bachelor of Science degree in Statistics as well as minors in Actuarial Science and Communication Studies. I have been in NYC since April 2017 working in my actuarial role. Prior to this position, I worked with Nationwide in Gainesville, FL as a claim adjuster for non-injury auto accidents as a diverse claim representative, meaning I handled claims in English and Spanish. I am a loud and proud Colombian, and in my free time I enjoy exercising, watching movies and cheering on the Colombian National soccer team!
Why would you recommend a career in the insurance industry to current college students?
The insurance industry offers a wide array of career paths that cater to various skill sets. In insurance you can find technical careers such as actuary, data analyst or consultant; careers after law school such as coverage counsel; positions that create and maintain relationships with brokers and clients; hands-on work as loss estimators after catastrophes occur; and many positions in which skill sets overlap like underwriting. Transitioning from one department to another is also very possible and IS often encouraged. For instance, I started my career within the insurance industry as a claim adjuster and am now an Actuarial Analyst.
Why did you become an actuary?
I knew I wanted to become an actuary since my junior year of high school when my math teacher brought it up to me. I was excelling in my AP Statistics course and found the material very intriguing; once I did some research on the actuarial field, I thought it was the perfect storm of applied mathematics and sciences. My coursework in college solidified my decision – I wanted to be a problem-solver.
What drew you to a career in property and casualty insurance?
In reality, I wasn’t particularly drawn to a career in property in casualty because when I embarked on my search for an actuarial role, I didn’t know enough about the different sects of the profession to prefer one over another. I serendipitously ended up working on non-injury auto claims and that got my feet wet in the P&C sector. From there, I applied to an actuarial position which also happened to be in P&C. Now, I can’t imagine working in any other industry!
What can students do now to prepare for a career in the industry?
Students looking to have a career in the insurance industry can start by understanding the ins and outs of insurance from the moment a policy is written to the moment a claim is paid out, to the essential equation of insurance. At the beginning, the learning curve is steep; insurance is like an alternate reality that as a young adult, we don’t have much experience in, especially when it comes to commercial lines. Having a basis of knowledge of insurance and understanding the big picture can be a great start. Additionally, particularly for the actuarial profession, making an effort to be proficient in excel and having some programming experience will help immensely!