University of Toronto Achieves Gold Level of New Casualty Actuarial Society University Recognition Program

November 7, 2023 by Kal Romain

October 31, 2023 Arlington, VA – The Casualty Actuarial Society (CAS) has announced that the University of Toronto has received the highest honour through the CAS University Recognition Program, achieving the Gold Tier. This program recognizes academic institutions with a demonstrated commitment to preparing property and casualty actuaries through their educational offerings. The CAS is the world’s only actuarial organization focused exclusively on property and casualty risks, serving over 10,000 members worldwide. CAS members work for insurance companies, educational institutions, state insurance departments, federal government agencies, independent consulting firms, and many other organizations that require management of risk.

The CAS offers three levels of recognition for universities, Bronze, Silver, and Gold. Benefits offered through this program are designed to address the specific needs of universities depending on their established tier.

Actuarial Science has been taught at the University of Toronto for almost 140 years. U of T currently offers both a Major and a Specialist program in Actuarial Science, which are considered the oldest and one of the best Actuarial Science programs in North America. U of T is also recognized as a Center for Actuarial Excellence (CAE) by the Society of Actuaries (SOA) and is fully accredited through the Canadian Institute of Actuaries’ (CIA) University Accreditation Program.

Some additional highlights of UofT’s Actuarial Science programs:

  • Practice-oriented courses in P&C, life insurance, pension, and other subfields that are taught by seasoned actuaries from the industry
  • Professional Experience (Internship) Program that connects Actuarial Science Specialist students to the industry through workshops, networking, mock interviews, case competitions, etc., and provides international students with legal work permits for internships
  • Students completing our programs are eligible for CIA capstone exam which leads to the professional credential of ACIA, without the need to take external professional exams
  • Award-winning faculty members and teaching and research excellence in actuarial science

“We are thrilled to honour universities through the CAS University Recognition Program,” Victor Carter-Bey, DM, CEO of the Casualty Actuarial Society. “Universities that have achieved THE Gold Tier have achieved the highest level of recognition offered by meeting part or all of the following criteria: offering dedicated property and casualty insurance courses, placing P&C actuaries on their faculty and/or department advisory boards, and graduating actuarial students with jobs in the P&C field and who have obtained credit for CAS credentialing requirements.”

The CAS University Recognition Program builds upon the former CAS University Award Program introduced in 2016. As a past CAS University Award winner, the University of Toronto was granted early access and priority consideration for the program. The university will receive a monetary award and a visit from a CAS leader among a variety of other benefits. The list of recognized academic institutions is posted on the CAS website.