It is time for one of the most anticipated events of the year - Annual Club Officer Elections! With the restrictions and guidelines surrounding COVID-19, this year’s elections will be held virtually but will still provide you with the same opportunity to run for a position, share your ideas and make a difference in the Actuarial Science community!
Check out our Webpage to learn how the virtual elections are going to work this year! In helping you decide, scroll through the Officer Descriptions page to learn more about each officer position and their specific duties. You are also encouraged to sign-up for a 1-1 chat with an officer on the virtual elections page where you can ask questions about their role, experience, election tips and seek any sort of advice that might help you take your leadership to the next level. Additionally, we encourage you to sign up to attend an officer meeting to get an inside look at what it's like to be on the leadership team.
Anyone who wants to run for a position can fill out the Candidacy Form and submit their video speech to actuarialclubuw.elections@gmail.com. Speeches are due Wednesday, April 14th - 11:59 PM for the President position (1.5-minute video) and Sunday, April 18th - 11:59 PM for Vice President positions (1-minute video). All videos will be published on the election webpage before the voting period begins.
You are also highly encouraged to post on the Actuarial Club Elections 2021 event page to campaign for yourself. Voting for the President position will take place Thursday, April 15th 12:00 PM CST to Friday, April 16th 11:59 PM CST. Voting for the VP positions will take place from Monday, April 19th 12:00 PM CST to Tuesday, April 20th 11:59 PM CST.
Even if you are not interested in running, please voice your opinion and exercise the beauty of democracy by voting! Tell all your actuarial friends to either run for a position or vote virtually! Please contact Aaron Lubich (lubich@wisc.edu) if you have any questions 😊
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March Madness Leaderboard
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Current Leaderboard as of 3:00 pm Sunday:
1. Jacob Culberson
2. Andrew Danks
3. Matthew Zahm
4. Brennan Zahm
5. Tie between Ben Pennings and Jack Sveum
Please be aware that you must have your name in your bracket/account so we can identify winners.
After the final round of the tournament on Monday, April 5th, we will contact the winners and send the prizes. We will include a leaderboard with who is winning each week, so make sure to keep an eye out for who’s on top!
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Munich Re Employer Presentation
Monday, March 29th, 6:00 - 7:30 pm
Click HERE to join |
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Working in Climate Resilience
Munich Re's representative, Wasi Ayana, will be giving a presentation on climate resiliance in their work. You don't want to miss this!
Wasi Ayana, FCAS is a Director of Capital Partners at Munich Reinsurance America based in New York City. The presentation covers alternative forms of insurance that could help to bridge coverage gaps, why actuarial skills are useful in the climate space, and some of the ways technology can been used to help insure the uninsurable.
Click HERE to join the presentation.
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Virtual Capital Cafe
Tuesday, March 30th, 12:15 - 1:00 pm
Join HERE |
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Our next Virtual Capital Cafe is this Tuesday!! Make sure you don't miss out on the great conversation and company.
This is a new series of events we are holding throughout the semester. Bring food or a coffee, and chat with fellow Actuarial Club members. Catch up with others on classes, internships, jobs, professors, actuarial exams, or whatever you want!
Our goal is to recreate the casual conversations we would find ourselves having in Grainger's Capital Cafe, and find a sense of community beyond the other events the club offers.
Click HERE to come hang out with fellow club members.
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Secura Employer Presentation
Wednesday, March 31st, 6:00 - 7:30 pm
Join HERE |
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Secura will be giving a broad presentation on a variety of topics this Wednesday. Here are some of the topics they plan to cover:
- Look at the loss trend component of a rate indication
- Learn about the data science project lifecycle and how data science could help the Badgers win
- Discuss how the Covid-19 pandemic has impacted Personal Lines Insurance (frequency and severity) along with the competitive environment.
Click HERE to see a list of presenters.
Click HERE to join the presentation.
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Northwestern Mutual Presentation
Wednesday, April 7th, 6:00 - 7:30 pm
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Meeting Long Term Care Needs in Today's Environment
As people live longer, more individuals are requiring help with care at home or extended stays in nursing homes and assisted living facilities. The cost associated with receiving that care can be daunting—often exceeding $100,000 per year. Long Term Care insurance helps individuals plan for this care and protect their retirement savings.
However, the Long Term Care industry has faced significant challenges. Since the first policies were issued, changes in key pricing assumptions and consumer behavior has led to poor experience and many insurance companies leaving the market. To combat these challenges, Actuaries have been involved in the development of innovative product designs which help meet clients’ needs while reducing risk for the insurance company.
Actuaries from Northwestern Mutual in Milwaukee will go over some of the history and new developments in Long Term Care insurance and look forward to networking with you after the presentation!
Click HERE to see a list of presenters.
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CCLB Reception Hosted by Travelers
Friday, April 9th, 11:00 am - 12:00 pm
Click HERE to register |
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- Date: Friday, April 9, 2021
- Time: 11:00am-12:00pm. Arrive and leave when you want – stay as long as works for you!
- Registration prior to event requested, but not required. After you register, we will send you a link to the virtual room. You can also register at any time during the event. TO REGISTER, CLICK HERE
- Company Rep Bios: To be shared in upcoming Actuarial Club and RMIS newsletters
- Dress Code: Casual dress code (e.g. t-shirts, sweatshirts, Badger gear all perfect)
- Questions: Contact Jodi Wortsman at jodi.wortsman@wisc.edu.
We encourage ALL students studying actuarial science and/or risk management and insurance to participate.
This virtual reception is organized to give you the opportunity to have multiple small-group discussions and ask your questions to and get advice from professionals in the insurance industry. Participating in these casual events, you can expand your business connections, build your networking skills, and have fun!
This event is hosted by a Risk and Insurance Co-Curricular Learning Board (CCLB) member company. The five CCLB member companies are American Family Insurance, CUNA Mutual Group, Milliman, Swiss Re, and Travelers. The activities of the CCLB are to allow you to interact with industry professionals and learn outside the classroom in an informal way.
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Opt In to Receive Event Reminders
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Coming to club events is as easy as clicking a link on your screen - but remembering to come to events is much harder. You can now opt in to receive event reminders via texts, the Remind app, or even email! We will be sending messages an hour before each event with the Zoom link - here's how to register:
For Text Reminders, text @actuarialc to 81010
For Email Reminders, click HERE
Please email Catherine Cleveland (cmcleveland2@wisc.edu) with any questions.
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This Week in Insurance: The Suez Canal
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There's currently a large 400-meter, 224,000 ton cargo ship called Ever Given that's stuck in the middle of the Suez Canal, effectively stopping maritime routes through one of the busiest canals in the world. This article details some examples of claims and supply issues that result from this incident, due to the following perils:
- Loss of revenue from other companies, due to disrupted trade
- Claims for hull and machinery damage of the ship
- Losses to perishable goods/missed delivery deadlines, both on Ever Given and other delayed cargo ships
- Damage to the canal due to excavation to free the ship
- And much more...
Click HERE to read more.
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Student of the Week is our weekly tradition where we showcase a member of the Actuarial Club through our newsletter and social media. If you know an Actuarial Club member you think deserves to be recognized, please fill out the Google Form linked HERE.
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An actuary is walking down the corridor when he feels a twinge in his chest. Immediately, he runs to the stairwell and hurls himself down. His friend, visiting him in the hospital, asks why he did that.
The actuary replies, "The chances of having a heart attack and falling down the stairs are much lower than the chances of having a heart attack only."
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Catherine Cleveland | Vice President of Communications
Actuarial Club, UW - Madison
cmcleveland2@wisc.edu
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