Travelers
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What is the red umbrella?
The lack of incentive to guard against risk where one is protected from its consequences, e.g. by insurance.
What is moral hazard?
These two young and talented department heads lead the actuarial department, serving as role models for everyone in the major.
What is Michael Braunstein and Jim Trimble?
The names and number of exams shared by both organizations
What are Probability (P/1), Financial Math (FM/2), and Investments and Financial Markets (IFM/3F)?
The body that represents and unites United States actuaries in all practice areas. Established in 1965, it serves as the profession’s voice on public policy and professionalism issues.
What is the American Academy of Actuaries?
The Types of Insurance Sold Here
What is Property & Casualty Insurance? (Business Insurance/Home+Auto, Bond and Specialty also count)
A market situation where buyers and sellers have different information, so that a participant might participate selectively in trades which benefit them the most, at the expense of the other trader.
What is adverse selection?
This is the year UConn was founded.
What is 1881?
The final credentials an individual receives from completing all their exams (in either organization).
What is an FCAS (Fellow of the Casualty Actuarial Society) or FSA (Fellow of the Society of Actuaries)?
The money set aside by insurance companies to pay policyholders who have filed or are expected to file legitimate claims on their policies.
These two major offices contain the majority our actuarial staff.
What is Hartford and St. Paul?
This department helps support agents and brokers by matching a customers risk to the right amount of coverage
What is underwriting?
The two years both the UConn Men and Women won the national championship
What is 2014 and 2004?
This failed initiative from the CAS and the SOA attempted to merge the two organizations in the Fall of 2018
What is Stronger as One?
A growing trend in the industry involving big data and statistical methods.
What is data science/predictive analytics?
The name of our Actuarial Program
What is the AALDP (Actuarial and Analytics Leadership Development Program)
Name 3 hot topics in the property/casualty insurance industry
What are: big data, social inflation, telematics, autonomous vehicles, catastrophe modeling, cyber insurance, asbestos?
This former UConn basketball player is currently playing for the Boston Celtics.
What is Kemba Walker?
This CAS preliminary exam covers the basics of rate making and reserving; two of the key concepts in actuarial work.
What is exam 5?
The NAIC stands for
What is the National Association of Insurance Commissioners?
Travelers' largest line of business
What is Workers' Compensation Insurance?
This coverage bundles together multiple coverages that typically would be needed with each other. Typically the package may include coverage for business crime, business automobile, boiler and machinery, marine, or farm.
What is CMP? (Commercial Multi-Peril)
The full name of the Coach of the Women's Basketball team.
What is Luigi "Geno" Auriemma?
These two CAS specific exams help prepare individuals for all things statistics.
What is MAS-1 and MAS-2? (Modern Actuarial Statistics)
A business professional who deals with the measurement and management of risk and uncertainty
What is an actuary?