The CAS in 2014 Roosevelt C. Mosley, Jr., FCAS, MAAA Midwestern Actuarial Forum Spring 2014 Meeting Northbrook, IL April 11, 2014 Focused on the Future

Our Roadmap for the Future: The CAS Strategic Plan

CAS Strategic Plan Long Term Future The CAS will be recognized globally as the premier organization in advancing the practice and application of casualty actuarial science and educating professionals in general insurance, including property & casualty and similar risk exposures. 3

CAS Strategic Plan 4

1. Basic Education The CAS will provide a basic education system that reflects contemporary and relevant analytical techniques and business skills utilizing new technologies for delivery and validation. 5

1. Basic Education Progress to Date: –Examiners Report –Education Structure Task Force Report Strategic Focus for 2014: –Increase the scope and breadth of statistics on the Syllabus and decrease the amount of less relevant material. –Admissions Technology Task Force 6

Admissions Technology Task Force Moving away from paper and pencil test- taking environment. Design assessment to be more job-related. Will explore content delivery, test taking, test grading, releasing scores, and more. 7

2. Continuing Education Continuing professional development programs will support the needs of all members globally in established and emerging areas of expertise. 8

2. Continuing Education Progress to Date: –Considering international demand and delivery to this audience Strategic Focus for 2014: –Increase the use of technology –Increase partnerships 9

3. Influence and Outreach The CAS and its members will reinforce the value proposition that the CAS brings to its stakeholders. 10

Influence and Outreach Focus to Date: –Re-launching the CAS Brand –University Engagement Strategic Focus for 2014: –Enhance the value of the CAS credential among employers and principals –Continue to enhance relationships with universities –Addressing the “candidate gap” 11

Employers Advisory Council Comprised of chief actuaries and practice leaders from a representative group of current and prospective employers of casualty actuaries. Resource in understanding employers’ expectations for their actuaries and assessing CAS performance in delivering on those expectations. 12

Research The CAS will be recognized globally for developing and publishing practical applications of cutting edge research in property/casualty topics. 13

Research Focus to Date: –Translation from theoretical to practical Strategic Focus for 2014: –Increase engagement with other actuarial organizations and professions worldwide in order to increase the depth and breadth of research in General Insurance topics 14

General Insurance & Property- Casualty Actuarial Alliance Discussions underway with key non-US P/C actuarial organization leaders: –UK /GIRO –Australia –Canada –South Africa –ASTIN, IAA 15

Automated Vehicles Task Force Task Force will clarify the risks related to this developing technology by: –highlighting the technological and regulatory developments to the actuarial community –performing analyses that further the understanding of the technology’s riskiness –identifying opportunities for the CAS and the insurance industry to influence and improve the risk identification and quantification process 16

Professionalism The CAS will support activities that continue to enhance confidence among stakeholders and that promote the highest quality of work among CAS members. 17

Professionalism Progress to Date: –Assessment that on-going activities are performing well. Strategic Focus for 2014: –Publish a best practices guide for peer review of actuarial work products. 18

Member Community Members will value participation and membership in the CAS community. 19

Member Community Progress to Date: –Implementation of CAS Online Communities –CAS Membership Survey Strategic Focus for 2014: –Continue to improve connectivity of membership and candidates. 20

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Celebrating the CAS Centennial Creating CAS stained glass window to be placed in the Staple Inn, London, England. Developing CAS History Book Collecting historical photos Launched the Centennial Website CAS Centennial Celebration

A meeting for the members, by the members Centennial Orchestra and Chorus Gala Dinner Centennial Museum

CAS Centennial Celebration Save the Date! New York City New York Hilton Midtown November 9-12, 2014

CAS University Engagement Update

University Engagement CAS Student Central CAS Academic Central University Liaison Program 28

University Engagement Committee 29 UEC re-chartered in early member committee consisting of CAS members, academics, CAS staff Committee members meeting several times a month as a full committee and as working groups Help University Liaisons and Academics with their work on campuses aimed towards best positioning the CAS for future successes Actively discussing both tactical and strategic items

University Engagement Committee 2014 Goals Provide guidance on shaping college curriculum around CAS basic education system Continue to broaden the U.S. University Liaison program as well as abroad where there is a growing CAS community Enhance and market the Academic Correspondent Program and on-board new members Increase engagement with the academic community with a focus on CAS Research opportunities Leverage relationships with other organizations Pair CAS members as mentors with students 30

University Engagement Update Incorporated Student Programs into CAS Meetings and Seminars –March 2013 CAS Ratemaking & Product Mgmt Seminar – Orange County, CA –May 2013 CAS Annual Spring Meeting – Vancouver, BC –September 2013 CAS Casualty Loss Reserve Seminar – Boston, MA –November 2013 CAS Annual Fall Meeting – Minneapolis, MN –March/April 2014 CAS Ratemaking & Product Mgmt Seminar – Washington, DC 31

University Engagement Update Key Statistics as of Dec 31, 2013: –75 Academic Correspondents –350 University Liaisons –307 Universities with Assigned Liaisons –140 Universities remain on Target List 32

New University Engagement Resources in 2013 CAS University Liaison Program –Best Practices checklist –Mentoring/On-boarding for new liaisons –Liaison Blog/Forum for idea/success exchange –Library of Materials Basic Career Overview Presentations 101-Type Presentations & Modules –Ratemaking, Reserving, Predictive Modeling, Reinsurance –Sessions at CAS Meetings 33

New University Resources Available in 2014 Case Studies for classroom/extracurricular settings Curriculum Guide Presentation Evaluation and Sign-in Sheets Students’ FAQ’s Infographic Social Media Pages Video 34

Academic Central Program Eliminated annual fee Easy Online Application for new members Increased benefits to members Online Community for academics to access resources and connect 35

Introducing… 36

CAS Student Central No membership fee Automatic annual membership renewal Access to resources Free webinars Invitations to networking events 37

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Student Central Online Community Stay connected! Future Focus blog shares insights, tips and perspectives from practicing casualty actuaries, university professors, students and others. CAS member directory will give you a sense of how far and wide, broad and deep our network is. View and connect with other student members Receive updates from the CAS 39

How can you get involved? Become a University Liaison Provide internship opportunities Sponsor a research opportunity/contest Facilitate the availability of data Teach a class or speak at an Actuarial Club Meeting Serve on an advisory board at a university Provide funding for scholarships/programs Invite local universities to your regional affiliate meetings Career Day/Job Shadows at your company 40

Questions and Discussion