09/08/2023

Embracing a More Inclusive Future

How one group helped the insurance industry adapt

When the Casualty Actuarial Society launched its series of diversity, equity and inclusion (DE&I) research papers in 2022, DE&I wasn't a new concept to the professional association. Like many associations, CAS had DE&I policies and initiatives and a staff position dedicated to DE&I.

But the lofty goal of positioning itself as a DE&I thought leader to change the way the insurance industry viewed DE&I as it related to the pricing of insurance products was a massive undertaking. Especially considering that the association is a traditional, risk-averse organization that sets the rates for insurance and other financial services.

CAS is a professional society of actuaries, whose skills and credentials attest to their ability to analyze and quantify insurance risks. During its 100-year history, CAS has experienced an increased demand for actuaries to quantify the many emerging risks faced by homeowners, business owners and other insurance customers.

Please select this link to read the complete article from ASAE’s Center for Association Leadership.