Actuarial Association 3 rd General Meeting 10/18/2013 2:00 pm – 3:00 pm Sobel Room SOA vs CAS Excel Workshop (Pivot Tables) Social Events.

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Presentation transcript:

Actuarial Association 3 rd General Meeting 10/18/2013 2:00 pm – 3:00 pm Sobel Room SOA vs CAS Excel Workshop (Pivot Tables) Social Events

VS

Actuaries ConsultingInsurance Client Strict deadlines Billable hours Group Overtime Company Set work hours Seasonal Rotation Individual

Comparison

Society of Actuaries

  1889: Actuarial Society of America  1909: American Institute of Actuaries  1949: Society of Actuaries Formation

  Largest professional actuarial organization worldwide  Multiple lines of business  Committed to Education, Research and the Actuarial Profession  Mission Statement: The SOA, through research and education, advances actuarial knowledge and improves decision making to benefit society. General

  Life Insurance  Plays central role in modeling and managing company products that provide long-term financial protection  Health Insurance  Performs actuarial analysis which provides information to one or more decision markers in the health care marketplace  Pension  Ensures that clients are in compliance with law, calculating the employer’s liability for the defined benefit pension plan and determining contribution Lines of Business

 Membership Associate of Society of Actuaries (ASA) Chartered Enterprise Risk Analyst (CERA) Fellow of the Society of Actuaries (FSA)

 ASA

 FSA

 CERA

 Salary (Life/Health)

 Salary (Pension)

Casualty Actuarial Society

BRIEF HISTORY  Founded in 1914  Originally called Casualty Actuarial and Statistical Society  First primary involved in workers compensation insurance  Eventually progressed to property-casualty  Began with 97 members

GENERAL  Property and Casualty  Liability insurance  General Insurance system of risk financing to protect purchaser  Goal: The advancement of body of knowledge of actuarial science applied to property, casualty, and similar risk exposures.

LINES OF BUSINESS  Private Passenger Auto  Commercial General Liability  Medical Malpractice  Worker’s Compensation  Innovation

COMPANIES

MEMBERSHIP Associate of Casualty Actuarial Society (ACAS) Chartered Enterprise Risk Analyst (CERA) Fellow of Casualty Actuarial Society (FCAS)

EXAM STRUCTURE

SALARY