News Type: News

CAS President Brian Brown recently visited the University of Wisconsin – Madison, which was one of three schools recognized in 2017 as a winner of the CAS University Award.

Brown’s visit on February 5 included meetings with the officers of the school’s actuarial club and the department faculty, as well as a presentation to the actuarial club about career opportunities as a property-casualty actuary credentialed through the CAS.

“Undrakh (Uugii) Jargalsaikan, our Student Ambassador to Wisconsin, did an outstanding job arranging the meetings for the day. He is the first actuarial student who I’ve met from Mongolia. It is refreshing to meet so many wonderful people from around the world.”

University of Wisconsin – Madison has one of the largest actuarial science programs, with over 400 students. The meeting with faculty focused on how the CAS can provide more support of the schools mission to educate the next generation of actuaries.

But it was the meeting with actuarial club officers that Brown especially enjoyed. He commented, “I was amazed by the skill set of the actuarial officers. They all had great communication skills, have passed three exams and had one or two internships. I think we have a wonderful pipeline of candidates entering the profession from Wisconsin.”

Brown’s presentation to over 200 actuarial club members provided an overview of the CAS and the work that CAS members perform. The presentation engaged and intrigued the students, as evidenced by the many thoughtful questions they posed to Brown.

One of the highlights of Brown’s visit came after the presentation. As he explains, “At the end of my presentation, a number of students came up to talk to me one-on-one. Two sisters from Malaysia shared with me that they plan to study CAS material and then move back to Malaysia to work for a reinsurer. I was recently in Malaysia where I heard about the overwhelming demand for property and casualty actuaries due to detarrification and regulatory requirements regarding financial statements. I think their timing for being a property casualty actuary in Malaysia is perfect!”

Arlington, VA – February 1, 2018 – The Casualty Actuarial Society (CAS) is proud to support the third annual Insurance Careers Month (ICM) initiative, a multi-phased collaborative effort designed to raise awareness of insurance as a compelling career choice. The campaign is focused on spreading the message of insurance as the “Career Trifecta” — stable, rewarding and limitless.

The Insurance Careers Month campaign, which initially launched in February 2016 and then broadened during its first year to the Insurance Careers Movement, aligns well with the CAS’s extensive and ongoing university engagement efforts. The CAS boasts a dedicated network of over 300 CAS members worldwide who volunteer throughout the year to bring awareness to university students about the property and casualty insurance career through the CAS University Liaison Program. The CAS also offers a free student membership program, CAS Student Central, housed at CASstudentcentral.org, which exemplifies the organization’s deep commitment to fostering the next generation of casualty actuarial professionals. CAS Student Central offers students access to actuarial exam preparation materials, P/C internship listings, scholarship information, and invitations to webinars and networking events.

Throughout Insurance Careers Month 2018, the CAS will promote its Millennial Profile series, first developed as a companion to the debut ICM initiative in 2016. The profiles feature CAS members and candidates offering advice and insights for students considering an insurance career, and will be available on CASstudentcentral.org and its social media platforms. CAS members and candidates interested in being included in the 2018 series can contact CAS Marketing and Communications Coordinator, Maha Chaudhry. The CAS will also be participating in The Pipeline, the Insurance Industry’s first Virtual Career Fair for Collegiate Talent organized by Gamma Iota Sigma (GIS), on February 13, 2018.

On an ongoing basis, the CAS promotes the property and casualty career to millennials through a wide range of activities. The CAS has developed a property and casualty resource library to help university professors design courses for students interested in joining the insurance industry as actuaries, a case competition tool-kit to allow universities and employers to introduce students to real-life challenges that are found in the insurance industry, and other resources that cover topics directly affecting the insurance field such as climate change, driverless cars, and cyber risk.

Over 850 insurance organizations have already signed on to support Insurance Careers Month, recognizing the importance of attracting the next generation of industry leaders.

To learn more, visit the Insurance Careers Month website.