Regional CAS Affiliates Provide Opportunities to Learn and Pay It Forward
Zach Brogadir

Regional CAS Affiliates Provide Opportunities to Learn and Pay It Forward

Zach Brogadir June 08, 2016 Posted in: Blog Posts, General
I was thrilled when I passed my final actuarial exam and became a Fellow of the Casualty Actuarial Society (FCAS). I’d done it! No more exams to take, and the reward of the prestigious FCAS credential. Once we become credentialed actuaries, although we may graduate past the exam stage of our career, we now carry a new professional obligation: the pursuit and completion of continuing education (CE). The CAS (Casualty Actuarial Society) requires that we continue to learn about the latest issues in our field and hear from actuaries outside of our respective organizations. This requirement initially sparked some anxiety in me. Where could I go to find CE opportunities? Most people know that the CAS has annual national meetings like the Spring and Fall Meetings, Ratemaking and Product Management (RPM) and Casualty Loss Reserve (CLRS) Seminars, all of which offer great CE options. These meetings can, however, be costly and require extensive travel so are not always feasible for some CAS members. Fortunately, there are other more cost- and time-effective choices available. (Pinnacle’s APEX webinar series is a great example!)


Do you know that the CAS has 14 regional affiliates in North America which provide locally-available CE opportunities? I serve as Vice-President of one such affiliate, the Midwest Actuarial Forum (MAF). We represent actuaries in Illinois, Indiana, Michigan, Minnesota, Ohio and Wisconsin. Each year, we hold two meetings which provide up to six hours of CE credit per session. In the spring we schedule an event in the Chicago area, where the bulk of our member actuaries reside. In the fall, we get together elsewhere in the region; most recently, in Saint Paul, Minnesota and Columbus, Ohio. These one-day meetings are currently free of charge, thanks to our generous local companies’ offers to graciously host us. These gatherings are wonderful chances to obtain your CE credits, network with your local peers and spend a day out of the office!

This past spring, the MAF held its meeting at the campus of Allstate Insurance in Northbrook, Illinois. It was a great event, with Allstate providing us the perfect meeting space and A/V technology. There were over 150 regional actuaries in attendance. The morning included presentations on the development of class rates, the return on equity calculation and insurance challenges arising from the sharing economy. During the afternoon, we heard from Rob Walling, Pinnacle Actuarial Resources, Inc. Principal and Consulting Actuary, who gave us an update from the CAS Board of Directors. The following segment covered predictive analytics and reserving. We typically end our meetings with a session on professionalism. 

The mission of regional CAS affiliates is not only to provide continuing education. We also seek to engage with local universities and students by inviting academics and future actuaries to our meetings, pairing up students with actuaries for the day. We also just announced that we will be awarding two $1,000 scholarships for the 2016/17 academic year. You can find more information on our website. The application deadline is June 15, 2016.

Our CAS regional affiliates are wonderful organizations with which to get involved in both volunteerism and giving back to our profession. The MAF’s board of four volunteer members organize and run the meetings and university engagement. Volunteering for one of these positions has enabled me to network with many actuaries and develop my teamwork, leadership and public-speaking skills. Volunteering is a four-year commitment and, as Vice-President, I’m now in my third year. Each year, a new board member joins as a previous one departs. If you are interested in volunteering, please let us know.

We look forward to seeing you at our upcoming Fall 2016 Meeting! For more information on the MAF, please visit our website at www.casact.org/community/affiliates/maf

Zach

Zach Brogadir is a Consulting Actuary with Pinnacle Actuarial Resources, Inc. in the Chicago, Illinois, office and has over six years of experience in the property/casualty industry. He has considerable experience with the analysis of unpaid claim liabilities and ratemaking/funding indications for a variety of personal and commercial lines of business. Zach is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries. He serves on the CAS Examination Committee, CAS University Engagement Committee and is the Vice President of the Midwest Actuarial Forum.
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