We couldn’t be more excited to be working with CAS to modernize their certification program that has the potential to establish a pioneering assessment standard in the financial and insurance industries
SAN ANTONIO November 15, 2017
TrueAbility, a knowledge demonstration platform for measuring skills of the 21st century workforce, today announced Casualty Actuarial Society (CAS), a leading international organization for credentialing and professional education of the world’s property/casualty actuaries, has selected TrueAbility to transform its manual-based certification program to a Technology-Based Examination (TBE) environment. The first TBE administration will be conducted in spring 2018.
Recognizing the need for advancing its pen and paper testing method to keep a competitive edge, measure modern skills, and drive certification value, CAS turned to TrueAbility to enhance exam efficiency and remove logistical barriers. The performance-based assessment (PBA) platform allows actuaries to prove their skill in a real-world environment by leveraging the software and tools common to their work. In addition, CAS utilizes the platform flexibility of combining automated and manual grading capabilities.
“After an intensive search, TrueAbility was the only vendor who not only met our performance-based exam requirements, but could also address our coordination and scheduling challenges that had proved to be time and capital intensive,” said Director of Admissions, Ashley Zamperini, CAS. “Our certification exams are highly-valued worldwide, and it is critical for us to administer a program that accurately represents the work environment of today’s actuary.”
The transformation of the certification program via the TrueAbility platform will give actuaries the experience of on-the-job assignments, making CAS exams more relevant to real-life actuarial practice. TBE users will take tests through licensed Excel-based exams on their own computers, at a location and time of their choosing, overseen by remote proctors.
From incorporating higher-fidelity testing methods to the elimination of costly logistics and improved user experience, CAS has not only reduced the organizational burden of its previous testing model, but it has demonstrated scalability to sustain the program for years to come.
“We couldn’t be more excited to be working with CAS to modernize their certification program that has the potential to establish a pioneering assessment standard in the financial and insurance industries,” said Frederick Mendler, CEO, TrueAbility. “We remain committed to helping enterprise companies across the globe change how they administer certification exams for a computer-working world, and will continue to focus on making performance-based assessments the status-quo for skill and knowledge demonstration.”
To learn more about TBE, visit the TBE section of the CAS website.
About Casualty Actuarial Society (CAS)
The Casualty Actuarial Society (CAS) is a leading international organization for credentialing and professional education. Founded in 1914, the CAS is the world’s only actuarial organization focused exclusively on property and casualty risks and serves over 8,000 members worldwide. CAS members are experts in property and casualty insurance, reinsurance, finance, risk management, and enterprise risk management. Professionals educated by the CAS empower business and government to make well-informed strategic, financial and operational decisions.
TrueAbility is a knowledge demonstration platform for measuring the proficiency and training efficacy of a 21st century workforce. The company provides skill assessment solutions built upon scalable performance-based technology, bridging a gap by providing the most natural and comprehensive hands-on environment for a person to learn or demonstrate ability.
Performance-based assessment captures more educational objectives than any other assessment method alone by allowing an individual to engage in a live environment to perform real-world tasks. TrueAbility’s platform combines this innovation with traditional assessment methods and a menu of features to create the most optimal assessment capability available today.
Today, data scientists, actuaries, lawyers, developers, engineers, technologists and others prove themselves on the TrueAbility platform. Founded in 2012, TrueAbility is privately held and headquartered in San Antonio, Texas. For more information, please visit http://www.trueability.com.
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