November 30, 2016
The CAS Institute (iCAS), a new subsidiary of the Casualty Actuarial Society (CAS) offering specialty credentials for quantitative professionals, has opened registration for the first requirements for its Certified Specialist in Predictive Analytics (CSPA) credential, as well as the application for earning the credential through the Experienced Practitioner Pathway. In addition, membership in an iCAS practice community is now open to all interested professionals in advanced analytics and data science.
The first credential requirement, “Property-Casualty Insurance Fundamentals,” is administered by The Institutes and covers core principles underlying P&C insurance and risk management. Fellows and Associates of the Casualty Actuarial Society who earned their designations through examination, as well as individuals who have passed CAS Online Course 1 and 2 and CAS Exam 5, may receive a waiver for the first CSPA requirement once they have joined The CAS Institute as a member. Additional information about obtaining waivers may be found at The CAS Institute website.
The CAS Institute is also now accepting applications for the CSPA credential via its Experienced Practitioner Pathway (EPP). The EPP program allows individuals to earn the credential through an application process, without completing the required courses or exams. EPP applicants for the credential will need to first join The CAS Institute as a member and then complete the EPP application, providing details about their skills and experience in the field of predictive analytics and data science as applied to the property/casualty insurance industry.
Membership in The CAS Institute is now available and is a prerequisite for applying for the CSPA credential through EPP; members will have the benefit of joining a practice community focused around predictive analytics and data science (with other practice areas to follow). 2017 dues are waived for Charter Members who join through September 30, 2017 (after which time annual membership dues will be $250), so CAS members are encouraged to join now.
The CSPA credential provides evidence of applied knowledge in predictive analytics, modeling and data science as used in data-intensive sectors. While initially the CSPA requirements involve applications in property and casualty (P&C) insurance, other areas of application are planned.