CAS Centennial Celebration and Annual Meeting Pays Tribute to Association’s Past, Looks Ahead to Future
New York, NY – The Casualty Actuarial Society (CAS) celebrated its first century during the sold-out CAS Centennial Celebration and Annual Meeting, held November 9-12, 2014 at the Hilton Midtown New York. The meeting, which hosted a record 2,000 attendees, paid tribute to the CAS’s integral role in the evolution of the property and casualty insurance industry while looking forward to the future of the actuarial profession with an educational program focused on emerging issues.
The 100-year history of the CAS was on full display at the meeting, which included a CAS Museum, historical photo gallery, and wall of names displaying every member who has ever earned CAS credentials. Attendees received a commemorative CAS Centennial History Book that features historical photos and personal recollections from CAS members. The CAS also unveiled a Centennial Video that highlights milestones from 100 years of the CAS and includes testimonials from the association’soldest living member, 96-year-old Bill Wieder, who earned his fellowship in the Society in 1947.
The meeting showcased the CAS’s continued commitment to fostering the next generation of property and casualty actuaries. The CAS recognized 263 new Fellows, 430 new Associates, and nine Chartered Enterprise Risk Analysts at the meeting, bringing the Society’s membership to over 6,500. The meeting also included a full-day of activities for university students who are members of the CAS’s student membership program, CAS Student Central. Three of these students, from St. Johns University, University of Wisconsin – Madison, and University of Connecticut, were recognized at the meeting for receiving CAS Trust Scholarships totaling $20,000.
“Our Centennial Celebration demonstrated that the CAS community is strong, vibrant, and more relevant than ever,” said Wayne Fisher, outgoing CAS President. “We continue to grow and evolve to provide our members with the problem-solving and specialized skills that employers expect. Our members have a shared depth of training in dealing with P&C risks that continues to strengthen, even a century after the organization was founded.”
Over one-third of CAS members volunteer for the organization, and the CAS presented several awards that highlight the membership’s commitment to giving back to the profession. The Matthew S. Rodermund Service Award, given annually to two CAS members who have made significant volunteer contributions to the actuarial profession, was awarded to Gary Dean and Louise Francis. The New Members Award, given to volunteers who have demonstrated exceptional volunteerism within the first five years of their most recent credential, was awarded to Jonathan Charak, Michelle Iarkowski and Melissa Tomita. And six members were awarded the Above and Beyond Achievement Award for exceptional one-time volunteer contributions: John Buchanan, Bob Conger, Stan Khury, Glen Leibowitz, Tom Whitcomb, and Chad Wischmeyer.
The CAS also recognized achievements in actuarial research. The 2013 Variance Prize, which recognizes the best papers published in the CAS’s peer-reviewed journal, “Variance,” was awarded to Harald Dornheim and Vytaras Brazauskas for their paper “Case Studies Using Credibility and Corrected Adaptively Truncated Likelihood Methods.”
The meeting featured a robust agenda of educational sessions, including four general sessions, 41 different concurrent sessions and nine roundtable discussions. Topics addressed included: the future of the insurance industry, big data, automated vehicles, climate change, reinsurance markets, the Affordable Care Act, homeowners and auto insurance telematics, and cyber risks.
The celebration culminated with a gala dinner, where attendees were treated to a musical performance by actuaries, who comprised both the orchestra and the chorus. As part of the historic celebration, the CAS also hosted sixteen leaders from international actuarial organizations around the world and honored 30 past presidents in attendance.
Currently celebrating its 100th year, the Casualty Actuarial Society fulfills its mission to advance actuarial science through a singular focus on research and education for property/casualty actuarial practice. Among its 6,500 members are experts in property-casualty insurance, reinsurance, finance, risk management and enterprise risk management.
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