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Managing the Switch to Computer-Based Testing (CBT) for CAS Exams
Matthew Meade January 18, 2021 Posted in: News
In July 2020, the Casualty Actuarial Society (CAS) announced that all actuarial exams for their fall exam “sitting” would be administered through computer-based testing (CBT) rather than their traditional pencil-and-paper format. CAS exams are required to become certified practitioners in the actuarial profession. Although multiple-choice CAS exams, MAS-I and MAS-II, were set to be delivered via CBT as part of a long-term goal to transition all exams to the format by the end of 2022, this announcement expanded the program to include exams 5-9. The CAS cited concerns for the safety of all those involved in the testing process amidst the ongoing global coronavirus pandemic as the primary driver for the decision. The organization had canceled all exams in the spring 2020 sitting.
Comparing COVID-19 to Other Disasters
Trenton Lipka November 12, 2020 Posted in: Blog Posts, Insurance / Insurers, News
COVID-19 has been of those rare events that has gotten the entire nation and the entire world to stop and pay attention to it. There have been a few of these events that have occurred in my lifetime, including the September 11 terrorist attacks, the hurricane season of 2004, Hurricane Katrina and the stock market crash of 2008. For me, however, the COVID-19 pandemic is the first crisis I have experienced as a part of the workforce. I sat down with Principal and Consulting Actuary Rob Walling to better understand the impact those earlier, notable and older disasters had on insurance, as well as the potential parallels with COVID-19. Rob has experience working with a wide variety of insurance coverages through all of these periods of time and provides a keen perspective to the effects any of these catastrophes have on the insurance industry.
Aaron Hillebrandt

Veterans Day

Taking a moment to remember

Veterans Day
Aaron Hillebrandt November 11, 2020 Posted in: News
The original Veteran’s Day was known as Armistice Day, as it was the very day in 1918 that World War I hostilities came to a close.  Armistice Day became a legal holiday in 1938, but it wasn’t until 1954 that it became known as Veteran’s Day, in order for the purpose of the holiday to be expanded to not only honor American World War I veterans, but also those American veterans of all wars before and after.
How Being an Actuary Looks Different Now
Trenton Lipka October 23, 2020 Posted in: Blog Posts, General, News
Joe Herbers, managing principal of Pinnacle Actuarial Resources, has over 35 years of actuarial experience. He has seen major industry changes from asbestos and environmental claims liabilities to the emergence of claims-made policies. He has witnessed the advent of CAT models and the nascence of construction defect claims. For decades, he has seen new problems emerge and the creative solutions that have followed. I sat down with Joe to discuss his perspectives on COVID-19 and how the pandemic may affect younger, current and future actuaries and those others working in today’s insurance industry.
Pandemic and Apocalyptic Skies – 2020 in the Bay Area
Laura Maxwell October 13, 2020 Posted in: Blog Posts, Insurance / Insurers, News
Wildfire season started early and ferociously. According to CAL Fire’s website, as of October 4, over 4 million acres have burned. That is more than 20 times higher than the acres burned in 2019 for the same time period. Five of the top twenty largest wildfires in California have occurred in 2020 and wildfire season is not yet over. Although I’m very lucky to be safe from the fires, there are reminders of the devastation with the dark skies and the falling ash. Checking both the air quality index and pandemic metrics has become my daily habit.
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