News Type: Scholarships and Awards

OLA Academy

OLA Academy is a web-based program that prepares OLA candidates for the recruiting process.  In 2020, the program will run from March to September.  OLA Academy participants will get training on:

• Resume writing
• Interviewing
• Networking
• Designing an effective LinkedIn profile

OLA Academy participants will be matched with volunteers to put their new skills into practice.  Completing the OLA Academy curriculum is required for the OLA Travel Sponsorship Program.  OLA sponsors Latinx actuarial candidates to attend various conferences such as the Association of Latino Professionals For America (ALPFA) Convention and the Gamma Iota Sigma (GIS) Conference, among others.  At these conferences, attendees will have an opportunity to network with actuaries, and, in some cases, interview for positions.  To increase your chances of being considered for the ALPFA Convention, we encourage you to apply by April 30, 2020.

Apply Now!

OLA Academic Scholarship Program

With help from corporate sponsors, OLA awards academic scholarships to Latinx undergraduate students who are pursuing the actuarial profession.  At least one award includes an actuarial internship for Summer 2021.  The deadline is April 30, 2020.  In the general application, be sure to indicate that you are Hispanic/Latino, or else you won’t be able to apply.

Apply Now!

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.

IABA Scholarship

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 iaba@blackactuaries.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.

About ARECA

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!

Contact:

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 mchou@casact.org.

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.