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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 on theme: "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."— Presentation transcript:

1 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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5 VS

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

7 Comparison

8 Society of Actuaries

9   1889: Actuarial Society of America  1909: American Institute of Actuaries  1949: Society of Actuaries Formation

10   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

11   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

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

13  ASA

14  FSA

15  CERA

16  Salary (Life/Health)

17  Salary (Pension)

18 Casualty Actuarial Society

19 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

20 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.

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

22 COMPANIES

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

24 EXAM STRUCTURE

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27 SALARY


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