Organization of Actuarial Students
Over the years, hundreds of Stony Brook AMS majors have pursued careers as actuaries.
For decades, an actuary has been ranked as one of the top 10 careers-- often in the
top 3-- based on salary, job security, satisfaction, etc. (see CareerCast annual job
rankings). Stony Brook’s student club Organization of Actuarial Students (OAS) has
a Facebook page with 390 followers, all current or former Stony Brook students. The
club meets monthly with speakers from the actuarial profession, typical AMS grads.
The club also organizes study groups to help students prepare for the initial Actuarial
Exams, which are critical to employment and advancement in the profession. In the
following, we first introduce our current OAS leaderships and the club’s faculty advisor.
Gloria Bishai (President)
Hello! My name is Gloria Bishai. I am the President of the Organization of Actuarial Students. I am a senior majoring in Applied Mathematics and Statistics. Currently, I am studying for Exam P. This organization helped me in the past, and I knew I wanted to be a part of the eboard for my senior year. I hope the OAS can continue to serve as an amazing resource for undergraduate students interested in the career!
Kayla St. Denis (Vice President)
Hello! My name is Kayla St. Denis and I am the Vice President of Stony Brook University’s
Organization of Actuarial Students. I am a sophomore and majoring in Business Management. I
want to be an actuary because I love math and want to pursue a career in the field. In addition,
being an actuary is a stable career and will provide me with a good work-life balance.
Kimberly Baldeo (Secretary)
Hi everyone! My name is Kimberly Baldeo and I am secretary of OAS. I am a senior pursuing a double major in Applied Math and Statistics with Economics. While being a full-time student and working part-time, I am currently studying for the FM exam.
Omaier Mohiuddin (Treasurer)
My name is Omaier Mohiuddin and I am an Applied Mathematics & Statistics major with a minor in Electrical Engineering. Something that excites me about the actuarial profession is the chance to apply my decision-making skills to real world insurance problems.
Prof. Wei Zhu (Faculty Advisor)
I am honored to be the new faculty advisor of our Actuarial Club after Professor Alan Tucker. I am a statistician by training and I am on the faculty of the Department of Applied Mathematics & Statistics ( https://www.stonybrook.edu/commcms/ams/people/_faculty_profiles/zhu.php ). I am impressed by how mature and responsible our young club leaders and members are; they would organize tech trainings and alumni talks throughout the school year. Come join us for these fun and educational activities, and maybe you will want to become a member too!
Join us at OAS, Stony Brook's Actuary club. Learn about being an actuary, network
and meet people from this profession.
For an overview of OAS and the actuarial path, please download the following document.
Alan Tucker, former OAS advisor; Amy Waldhauer, guest speaker; Liam Heath, former OAS president
The November 2018 OAS meeting featured a presentation by Amy Waldhauer, a Fellow
of the Casualty Actuarial Society who works for the insurance consulting firm Alan
Gray. Amy discussed the core areas of the casualty business: determining insurance
rates, estimating claim liabilities, financial risk analysis, and following insurance
regulations. She also talked about exciting new fields of insurance. One example
is how climate change models are being used to adjust standard projections for long-term
losses in a wide range of types of insurance. An emerging technological area is using
machine learning to set rates for more narrowly defined cohorts of the population.
For example, traditionally all men from 17 to 24 have been charged a common rate,
but machine-learning analysis of claims for such men can identify safe-driving cohorts
who deserve lower rates (and poor-driving cohorts who would have higher rates). Another
example is microinsurance for small farmers in developing countries--the World Bank
and similar organizations want to insure these farmers from crop losses but the standard
procedures for documenting the loss of an individual farmer would cost more than the
actual loss. To get around this problem, insurers have tied policies to ‘trigger
events’, such as a given amount of rainfall in a month, that would automatically generate
claim payments to farmers.
Amy displayed the following chart that lays out the career progression in the Casualty
Actuary Society (CAS) Exams.
The other major actuarial organization, the Society of Actuaries, has a different sequence of exams including several subtracks, although both organizations use the same first three exams.