ASU receives Casualty Actuarial Society University Award

Jelena Milovanovic, professor of practice and coordinator of ASU's actuarial science program in the School of Mathematical and Statistical Sciences

By Rhonda Olson |
June 29, 2018

Arizona State University has been selected to receive the 2018 Casualty Actuarial Society (CAS) University Award, an honor created to recognize schools doing exemplary work in preparing students for a career in the property and casualty (P&C) insurance industry.

Part of the School of Mathematical and Statistical Sciences, ASU’s actuarial science program has five actuarial faculty members and 97 actuarial students. The program impressed the judges with its focus on property and casualty insurance across curriculum, industry engagement and innovation.

The judges cited the actuarial science program curriculum that is heavily focused on property and casualty insurance, including a P&C Ratemaking and Reserving course, an Introduction to Property and Casualty Insurance course, and an Actuarial Models Course taught by a casualty actuary and based on P&C examples and data.

The actuarial science program also includes extensive real world P&C industry experiences and exposure for students including participating in P&C case competitions, attending and presenting at regional and national P&C conferences, and internship and research opportunities made available through ASU’s partnerships with local P&C companies.

In addition, the program leverages P&C industry resources made available through the CAS including the CAS University Liaison, Student Central, and Academic Central Programs, and participating on CAS committees.

“This award shows that Arizona State’s actuarial science program is among the best in the nation,” said Al Boggess, director of the School of Mathematical and Statistical Sciences. “What is truly remarkable is that it has achieved this recognition in the four short years since the start of this program. This is a reflection of the dedication and quality of the actuarial science faculty and its coordinator, Dr. Jelena Milovanovic.”

ASU will be recognized at the 2018 CAS Annual Meeting in Las Vegas, in November. Winners of the award were determined by a panel of judges from companies across the property and casualty insurance industry and receive a $5,000 award to further enhance academic programs.