Actuarial Science program honored by the Casualty Actuarial Society

03-13-2024

The Actuarial Science program in the College of Science has received a 2024 Silver Level award from the Casualty Actuarial Society (CAS) as an academic institution with a demonstrated commitment to preparing property and casualty actuaries.

Purdue University’s actuarial science program is a collaboration between the departments of mathematics and statistics. Supported by five faculty members who are all Fellows of the Society of Actuaries, the program is committed to preparing the next generation of actuaries who will serve important roles in data-driven and technology-focused industries.

The program is also recognized as a Center of Academic Excellence by the Society of Actuaries.

Since 2017, CollegeChoice.Net has ranked the program the Best Actuarial Science Degree and in 2022, the program was top-five in the College Gazette rankings.

Lucy Flesch, the Frederick L. Hovde Dean of the College of Science said, “I am delighted to see our actuarial science program recognized by the most respected professional organizations in the field. With a legacy rooted in academic rigor and pioneering research, our program has earned top-tier recognition from both academia and industry professionals. Our faculty, students and alumni are committed to excellence, and I know that next year, they will be going for the gold.”

Program director and associate professor of statistics Jianxi Su stated that the recognition from the CAS was based on the actuarial program’s demonstrated its excellence in these areas:

• Offering a comprehensive curriculum that best prepares students for professional exams.
• Demonstrating active engagement within the actuarial profession.
• Establishing strong connections with industry stakeholders.
• Conducting active research in the realm of property and casualty insurance.

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.