(Related: James Glickman to Lead Society of Actuaries)
Two groups that serve actuaries may merge.
The boards of the Society of Actuaries (SOA) and the Casualty Actuary Society (CAS) announced today that they are looking into the possibility of combining.
The boards could vote on a combination proposal as early as mid-November, and they could put the proposal to a vote in early 2019.
The combination proposal would address details such as what the combined organization might be called, and where the headquarters would be.
What Is an Actuary?
Actuaries are professionals who have taken classes in statistics and other forms of math, and prove that they understand math, insurance, and related products and services by taking difficult exams.
What Are the SOA and the CAS?
The SOA is a Schaumburg, Illinois-based group for actuaries who work with life insurance, annuities, health insurance, pensions and related products and services.
The SOA is descended from an organization founded in 1889 and now has about 30,000 members. Mike Lombardi is the SOA’s president.