As a remote worker with the CAS, I have the distinct privilege of visiting the CAS headquarters twice a year for staff development, and this December we spent our time talking about the Strategic Plan and how we as staff can support this important endeavor. One way I will support the plan is to share with our readers how the plan will move us towards our envisioned future and benefit the membership in so many ways. The plan presents a forward-looking framework designed to solidify the organization as a leader in P&C actuarial science. This plan focuses on five interconnected pillars. Together, these initiatives aim to prepare CAS members to meet evolving industry demands and maintain the Society’s relevance in an increasingly competitive atmosphere.
Enhancing the Candidate Experience: With the expansion of testing dates and approaches, the CAS aims to streamline and modernize its credentialing process, ensuring it is both rigorous and efficient, while minimizing friction for candidates and aligning training with real-world needs. For members, this focus ensures a steady influx of well-prepared actuaries, which bolsters the profession’s reputation and provides employers with reliable talent pipelines.
Building Skills for the Future: Recognizing the rapid evolution of analytics, the CAS plans to equip members with knowledge and skills in advanced capabilities such as artificial intelligence, machine learning and data visualization. By fostering expertise in these areas, the organization enables members to stay competitive in emerging fields. Additionally, the CAS promotes the development of leadership and business acumen, which enhances members’ opportunities for career advancement and positions actuaries as key decision-makers.
Reinforcing the CAS Brand: As the only actuarial organization focused exclusively on property-casualty risks, the CAS is leveraging its unique expertise to strengthen its global reputation. This differentiation helps attract high-caliber candidates, enhances members’ career prospects and solidifies CAS credentials as the “gold standard” in P&C actuarial science.
Fostering Strategic Expansion: Globalization and the diversification of risk require actuaries to operate across borders and industries. The CAS’s strategic initiatives aim to increase membership internationally and expand into sectors beyond traditional insurance. These efforts create new opportunities for actuaries to apply their skills in untapped markets, such as enterprise risk management and insurtech. We also aim to attract underrepresented communities to the actuarial profession through focused outreach.
Advancing Operational Excellence: The CAS’s commitment to agility and operational efficiency ensures its ability to respond effectively to member needs and industry changes. By fostering transparent governance and disciplined planning, the CAS maintains trust and engagement among its members, creating an environment where actuaries can thrive.
The 2025 Strategic Plan directly addresses the challenges and opportunities facing CAS members and candidates. By modernizing education and credentialing, the CAS equips members with the skills needed to succeed in a data-driven world. Its emphasis on thought leadership and global outreach expands professional horizons, while operational improvements ensure the organization remains a trusted partner.
Ultimately, the plan positions CAS members as indispensable leaders in P&C risk management. With a focus on innovation, inclusivity and excellence, the plan ensures that CAS actuaries remain at the forefront of their profession, ready to tackle the complexities of a rapidly evolving insurance landscape.
