Actuarial Review
Volume 28, No. 1 / February 2001

From the President
Thoughts on New Year's Day

by Patrick J. Grannan

Patrick J. Grannan, 2001 CAS President, officially receives the gavel from 2000 President Alice H. Ganon.

It is New Year's Day (and New Millennium Day) as I write this column, so happy New Year! You are probably reading this on a day that does not feel like the unrushed interlude between past and future that today is for me. Nonetheless, I'm hoping you will take a moment to sit back and think about our profession—what it is today, what needs to be focused on most in order for it to have a successful future, and what role you personally can play in that future if you are so inclined. These are worthwhile things for the members of a profession to think about periodically if the profession's future is important to them. I'll give you my thoughts on each of these subjects, with the hope that this will provide useful food for your own thoughts.

What is the CAS? Fundamentally, it is an organization of professionals. It operates through hundreds of members who volunteer their time and energy, and through a support staff of about twenty people who carry out tasks under the direction of members (and do so very well in my observation). Although my focus here is mainly CAS members, the casualty actuarial profession is broader; it certainly includes the many professionals who work in this field and are taking the exams required for CAS membership.

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Features

2000's Actuarial Top Ten

by Robert F. Conger and Michael A. Walters

The performance of the property/casualty industry dominated this past year's news stories, having significant implications for casualty actuaries. Stories related to industry performance took the top four slots, according to our annual survey of CAS thought leaders. Also identified as significant trends were the continued emergence and evolution of new aspects of the property/casualty insurance business—including Internet distribution of insurance products and enterprise-wide perspectives on managing risk.

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