The CAS and You: Resources for New Chairs John Kollar Joanne - PowerPoint PPT Presentation

The CAS and You: Resources for New Chairs John Kollar Joanne Spalla Patricia Teufel # 1

Introduction # 2

Board of Directors Presenter John Kollar # 3

Board of Directors Presenter Patricia Teufel # 4

Board of Directors Presenter Joanne Spalla # 5

CAS Centennial Goal The CAS will be recognized globally as a leading resource in educating casualty actuaries and conducting research in casualty actuarial science. CAS members will advance their expertise in pricing, reserving, and capital modeling; and leverage their skills in risk analysis to become recognized as experts in the evaluation of enterprise risks, particularly for the property and casualty insurance industry . # 6

Leadership Competency Model KNOWLEDGE SKILLS CAS Structure Communication Other Actuarial Organizations Collaboration Strategic Thinking Time Management Planning and Project Management PERSONAL ATTRIBUTES Influencing for Results Professionalism Leading Accountability Building Relationships Intellectual Curiosity Recruiting Relating to multiple generations http://www.casact.org/members/index.cfm?fa=viewArticle&articleID=1190 # 7

Governance - Structure Board of Directors Executive Council CAS Staff # 8

Governance: Transparency n Board Meeting Observer Policy n Board Meeting Executive Summary n Board Meeting Minutes n EC Meeting Minutes # 9

Board of Directors Board Chair John Kollar # 10

Governance - Board of Directors n Immediate Past President (Board Chair) n 12 Directors Elected by the Members n 3 Directors Appointed by Board n President-Elect Elected by Members n President # 11

Governance - Board of Directors Committees Reporting to the Board n Audit n Discipline n Strategic Planning n Nominating Committee n Risk Management Committee n Leadership Development Committee # 12

Questions # 13

Executive Council President Roger Hayne # 14

Executive Council President – Elect Ralph Blanchard # 15

Executive Council Vice President ERM Kevin Dickson # 16

Vice President -ERM Responsible for n Implementation of CERA Designation n Implementation of the CAS risk plan n Seeking opportunities to collaborate with other bodies interested in ERM n ERM –II n Joint Risk Management Section. # 17

Vice President- ERM n ERM Education, Training and Research n Partner with Professional Education to ensure that meetings and seminars contain sufficient ERM content n Partner with Research to identify and support development of the body of knowledge for key ERM topics n Ensure continuing CAS involvement in ERM Symposium and similar events # 18

Executive Council Vice President Admissions David Menning # 19

Vice President-Admissions Responsible for CAS basic education, including: § Education policy, § Syllabus development, § Exams, § Communications with candidates. # 20

Committees Reporting to VP-Admissions n Candidate Liaison n Computer-Based Testing n Education Policy n Examination n Joint Exam Administration n Preliminary Education n Syllabus n VEE Administration # 21

Executive Council Vice President Professional Education Chet Szczepanski # 22

VP-Professional Education Responsible for post-admissions education. n Oversees meetings and seminars and their planning committees. n Monitors the activities and needs of Regional Affiliates and Special Interest Sections, especially as regards support for their continuing education offerings. # 23

VP-Professional Education n Oversees and works with the Professional Education Policy Committee to: n Broaden the knowledge of the membership in all areas of actuarial science and related fields, including general business skills and professionalism. n Develop alternative continuing education vehicles. n Stimulate authorship of specified continuing education topics; and, n Evaluate continuing education requirements. # 24

Executive Council Vice President Research Louise Francis # 25

Vice President-Research and Development n Responsible for CAS activities designed to encourage, coordinate, and supervise the advancement of casualty actuarial science. n Key vehicles n Research committees n Working parties n Prize committees # 26

Research Committees n Climate Change n Dynamic Risk Modeling n Health Care Issues n Management Data and Information n Ratemaking n Reinsurance n Reserves n Theory of Risk n Valuation Finance and Investments # 27

Executive Council Vice President International Kris D. DeFrain # 28

Vice President-International n Responsible for management and supervision of CAS international activities, including: n Chair of the International Leadership Team n IAA official positions (professional & technical) n Assistance to developing actuarial organizations/ areas n Support of CAS members outside of North America n Interaction with non-North America, non-CAS members and organizations. # 29

Executive Council VP-Marketing & Communications Nancy Braithwaite # 30

Vice President- Marketing & Communications n Responsible for marketing and communications activities conducted by or on behalf of the CAS. Examples: n Execute communication plans for major issues of strategic import. n Strengthen CAS relationships with key universities through University Liaison program. n Encourage students to consider a career as an actuary. # 31

Executive Council Vice President Administration Leslie Marlo # 32

VP – Administration Responsible for: n Budget n CAS Trust n CAS Publications n Administrative Committees and Task Forces # 33 33

Executive Council Executive Director Cynthia Ziegler # 34

Executive Director n Responsible for: n Management of CAS Office operations n Participating in meetings of the Executive Council as a voting member n Attending meetings of the Board of Directors. n The development and presentation of CAS Office plans and budget requirements. # 35

Executive Director n Responsible for (cont): n The administrative functions of Secretary and Treasurer as outlined in the CAS Constitution and Bylaws. n Serving on the CAS International Leadership Team n Serving as the CAS Correspondent and Liaison to the International Association of Actuaries. # 36

Questions # 37

The Governance Process Committee Chair submits recommendation to VP VP presents recommendation to EC If recommendation is outside the EC ’ s authority, VP must present recommendation to the Board # 38

Types of EC Agenda Items n Action : Results in a formal motion for specific action at the meeting n Discussion : Involves discussion, but not a specific action n Information : No discussion or action anticipated unless requested # 39

Structure of EC Agenda Items n Subject n Responsible Officer n Background n Discussion n Relevance n Next Steps # 40

Budget Process n February: Office distributes Budget Planning Packages to the Chairs. Chairs complete and submit budget questionnaire worksheet to the Office and VP. n March: Finance Committee reviews and recommends budget to EC Board review of expected substantive budget changes n April: EC review n May: Board first pass review n July: Finance Committee second pass review n August: EC second pass review n September: Board final approval # 41

Committee Chair Input to the Budget Process n Regular Committee Expenses n In-person committee meetings n Requests for travel expense reimbursement n CAS funded telephone/WebEx conferences n Special Funding Requests # 42

Resources for Committee Chairs n Staff Liaisons # 43

Need to Update # 44

Resources for Committee Chairs n Staff Liaisons n Vice Chair n CAS E-mail Lists 45

Resources for Committee Chairs n Staff Liaisons n Vice Chair n CAS List Serve n Membership Advisory Panel n Quinquenniel Membership Survey # 46

Key Reference Material for Committee Chairs n Proceedings/Yearbook http:// www.casact.org/yearbook/ n Constitution n Bylaws n Policies n Committee Chair Manual # 47

Committee Chair Manual http:// www.casact.org/members/manual/committee n Position Descriptions n Governance of Committees n Committee Appointment Process n Committee Planning Process n Meetings, Teleconferences, and Electronic Communications n External Communications n Publicity n Legal Considerations n Fraudulent or Dishonest Conduct/Whistleblower Policy # 48

Committee Staffing Process n Participation Survey n Committee Staffing Guidelines n Committee Member Term – 3 Years n Contact Members who indicated a preference for joining your Committee # 49

Committee Planning Process n Committee Goal Setting (October) n Quarterly Cycle Reports http://www.casact.org/members/VPCycle n Overview of activity in the quarter n Progress on Goals n Staffing Changes n Deadline: Three weeks before EC Meeting # 50