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  #1  
Old 10-19-2011, 03:06 PM
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Default CAS Members: What is your view on merging organizations?

Quote:
Originally Posted by CAS Roundtable Blog View Post
Incoming SOA President Proposes Consolidation of U.S.-Based Actuarial Organizations
Posted on October 19, 2011 by Ralph Blanchard

Brad Smith, in his inaugural speech as President of the Society of Actuaries, called for the Society of Actuaries (SOA), Casualty Actuarial Society (CAS), and American Academy of Actuaries (Academy) to consolidate, stating, “There is absolutely no need for three separate professional organizations…to exist. They need to consolidate into one efficient, effective organization.” Mr. Smith made these remarks during a luncheon speech on October 18 at the SOA Annual Meeting in Chicago. CAS leadership was informed of the content of this speech the afternoon prior to its delivery, but was not otherwise involved in the proposal or its manner of presentation. The text of Mr. Smith’s speech can be read in its entirety on the Society of Actuaries Web Site.

The CAS Board of Directors has been apprised of the SOA President’s comments and will discuss them during its next meeting, scheduled for November 6 in conjunction with the CAS Annual Meeting in Chicago. In advance of that discussion, the CAS Executive Council is soliciting feedback from CAS members. We have developed a short online poll and members are invited to respond. The CAS Member Advisory Panel will be asked to complete a slightly longer survey prior to the Board meeting, but we are interested in all CAS members’ reactions to Brad Smith’s proposed consolidation of the CAS, SOA and Academy. I also invite CAS members to share their comments on the blog.

After reading the full text of the comments made by the SOA President, what is your view on the idea of consolidating the Casualty Actuarial Society, Society of Actuaries, and American Academy of Actuaries into one actuarial organization? Leave a comment here and complete the online poll.

http://blog.casact.org/
Text of SOA Prez's Speech

Online Poll
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  #2  
Old 10-19-2011, 03:07 PM
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Terrible idea. We do different stuff. We fight over the syllabus on joint exams. Why would I want one larger, less responsive organization rather than two smaller, more focused ones?
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  #3  
Old 10-19-2011, 03:09 PM
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Luckily I doubt this is something the board can do without a member vote.

I'd love to see the % voting against this on the CAS side. 90%+ I hope!
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Old 10-19-2011, 03:10 PM
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Also the CAS and SOA are international (well at least tied to Canada) so why merge them with the AAA.
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Old 10-19-2011, 03:11 PM
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Quote:
Originally Posted by Lucy View Post
Terrible idea. We do different stuff. We fight over the syllabus on joint exams. Why would I want one larger, less responsive organization rather than two smaller, more focused ones?
Pretty much sums up my feelings.
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  #6  
Old 10-19-2011, 03:11 PM
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Make sure that you read the full text of the speech prior to voting so that we can vote intelligently. Wouldn't want to misunderstand the issues.
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The wonderful thing about tiggers
Is tiggers are wonderful things!
Their tops are made out of rubber;
Their bottoms are made out of springs!
They're bouncy, trouncy, flouncy, pouncy,
Fun! Fun! Fun! Fun! Fun!
But the most wonderful thing about tiggers is
I'm the only one!

Diversions Wins!:
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  #7  
Old 10-19-2011, 03:21 PM
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The AAA was created in 1965 partly to do certain things that the SOA is prohibited by law from doing (like lobbying). You simply can't merge the SOA and AAA. Another reason is the fact that SOA is international, while AAA is U.S.-only. How would the Canadians feel about such a merger? It's really preposterous. And an incredible distraction. And cannot be accomplished in a single presidential term. What a waste of time.

Note that Brad Smith never seemed to mention education or research in his speech, even though those are central to the SOA's mission. Might have been nice. Will they be neglected for the next year?

Bruce
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Old 10-19-2011, 03:44 PM
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Bruce, missed you on Monday. Heard sparks were flying among you, John, and Mary.
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  #9  
Old 10-19-2011, 03:48 PM
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What's disingenious is that the CAS is making it look like they're responding to something the SOA president just said when, in reality, it's probably been talked about for a while at the CUSP & CAS EC level. Does anyone really think that Brad Smith made these comments at lunch on a Tuesday and in 24 hours CAS had leadership had heard about it and prepared a blog post/poll?
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Old 10-19-2011, 03:59 PM
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Does he make a list of pros and cons? I like bullet points. I can't really think of any pros other than 1 organization is simpler than 3.
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