cas exam

ABOUT CAS

The purposes of the Casualty Actuarial Society are to advance the body of knowledge of actuarial science applied to property, casualty and similar risk exposures, to establish and maintain standards of qualification for membership, to promote and maintain high standards of conduct and competence for the members, and to increase the awareness of actuarial science.

Actuaries evaluate the financial impact of current economic, legal, and social trends on future events. The accurate and responsible matching of risk to price is the foundation upon which the financial integrity of the actuary's company or client rests. For these reasons, actuaries are known for their scientific approach and demanding standards.

Because human events and their financial implications occur over long periods of time, an actuary is a researcher, a planner, and a decision maker. He or she is a specialist in the business world, and may be knowledgeable as well in a number of other disciplines, such as economics, law, health, and finance.

The Casualty Actuarial Society is a professional organization whose purpose is the advancement of the body of knowledge of actuarial science applied to property, casualty, and similar risk exposures. This is accomplished through communicating with the publics affected by insurance as well as presenting and discussing papers, attending seminars and workshops, conducting research, and maintaining a comprehensive library collection.

Other important objectives for the Society are

• establishing and maintaining high standards of conduct and competence for its membership through study and a course of rigorous examinations,
• developing industry standards and a code of professional conduct, and
• increasing the awareness of actuarial science.