ATP Will Guide the Future of CAS Admissions

ARLINGTON, Va. Sept. 30, 2021. The CAS released its Admissions Transformation Plan (ATP), the first iteration of a high-level blueprint that will evolve over time and enhance the CAS credentialing program for the future. The CAS is committed to ensuring that its members have the professional knowledge and expertise to meet market demands, and with the actuarial profession changing at an accelerated pace, the association is transforming how it prepares CAS members for the future.

The ATP’s features, benefits and key milestones are summarized in a series of infographics. The ATP includes a glossary of terms and, because it is an evolving plan, additional resources and announcements will be appended over time. It is critical for any CAS credential to reflect changes in the profession it serves, so this agile approach allows the CAS to be responsive and adaptable.

“Our plan outlines how we’ll achieve our strategic goals, specifically the Building Skills for the Future pillar of the Strategic Plan,” said CAS CEO Victor Carter-Bey. “I’m thrilled with the new direction we are taking to evolve our credentials to reflect the evolving actuarial profession.”

“We are committed to transparency, so we are providing an early view into planned changes,” said CAS President Jessica Leong. “This is just the start of an exciting transformative journey. I give credit to the interdisciplinary team of CAS volunteers and staff who are leading it.”

By releasing the ATP at this time, the CAS means to minimize the disruptions to those on the path to CAS credentials. While some ATP milestone details will be announced in 2022, such as transition plans, no changes to requirements will occur until 2023. The first key milestone concerns preliminary exam requirements, the details of which are expected to be communicated no later than early 2022.

Prior to its release, the ATP benefited from vetting by the CAS leadership, admissions volunteers, candidates, employers and others. The agile nature of the ATP allows stakeholders the ongoing opportunity to offer feedback to the multi-year plan as strategy and executional tactics continue to be developed. The CAS welcomes members’ perspectives on the plan and invites feedback. Email casatp@casact.org to share your views.

Building on a solid foundation of over 100 years of credentialing property-casualty actuaries, the CAS anticipates realizing its Envisioned Future, as outlined in its Strategic Plan. Developing the ATP is a major step towards achieving those strategic goals.

With the support and involvement of a dedicated community of volunteers, the future state of the CAS will integrate existing best practices into a professional testing model designed to strengthen the value of CAS members’ credentials and uphold the association’s position as the leading organization for credentialing property-casualty actuaries.

Look for more details of ATP changes in the coming months and years at casact.org/atp.