Actuaries use mathematics, statistics and financial theory to assess the likelihood of future events, develop policies and strategies to reduce the likelihood of undesirable events and to minimize the impact of undesirable events that do occur. Its work is essential to the insurance industry.
UW-Eau Claire’s actuarial science program has four faculty members and approximately 100 actuarial students. The university impressed the award program’s judges with its focus on property and casualty insurance across curriculum, research and industry engagement.
“This award provides an endorsement of our efforts thus far, while also providing inspiration to further enhance the learning experiences for our students to build foundations for successful future careers in the P&C industry,” says Presler, who has Fellow of the Society of Actuaries certification.
The CAS is the world’s only actuarial organization focused exclusively on property and casualty risks, serving members worldwide who work for insurance companies, educational institutions, state insurance departments, federal government agencies and independent consulting firms.
The CAS University Award Program is an annual program designed to celebrate and honor universities that share a commitment to fostering the development of the next generation of property and casualty actuaries. The selection process is competitive, with just 21 programs receiving the designation since the award was established in 2016.
Three other schools were also recognized as 2022 winners: Bryant University, Drake University and Sri Sathya Sai Institute of Higher Learning. Winning schools will each receive a $5,000 monetary award to further enhance their programs.
Written by Judy Berthiaume
Link to original story: https://www.uwec.edu/news/news/international-organization-recognizes-uw-eau-claires-actuarial-science-program-as-one-of-the-best-in-the-world-5575/