NewzVille Desk
The Casualty Actuarial Society (CAS) is the global leader in the credentialling and education of general insurance actuaries. Nearly 10,000+ CAS members, in 40 countries work in a vast array of settings, including insurance companies, educational institutions, state insurance departments, federal government agencies, independent consulting firms, and many other organizations that require management of risk.
Department of Mathematics in Indian Institute of Technology, Madras (IIT,Madras) has been awarded Silver Level recognition under the CAS University Recognition Program by CAS, recently.
The prestigious honor reflects IIT Madras’s excellence in preparing students for careers in property and casualty insurance risk management, and its strong alignment with the globally recognized CAS curriculum.
The Department of Mathematics at IIT Madras offers a diverse portfolio of Undergraduate, Master’s and Doctoral programs in pure and applied mathematics, statistics and financial modeling. Known for its rigorous research and teaching excellence, the department maintains close collaborations with the industry partners to prepare students for leadership roles in academia, finance, technology, and actuarial practice.
On getting the recognition, Prof. Neelesh S. Upadhye, Department of Mathematics, IIT Madras, says, “This recognition celebrates our department’s robust offerings in stochastic processes, regression, financial mathematics, and data analytics—areas at the heart of modern actuarial science.” “We thank the CAS for this opportunity and look forward to deepening our collaboration through faculty development workshops, student summer-program placements, and joint research initiatives,” he added.
Joyce Warner, Chief Business Officer of CAS says, “We are thrilled to honor IIT Madras through the CAS University Recognition Programs, we encourage all institutions committed to general insurance actuarial science programs to apply for the level that aligns with their programs.”
The recognition is valid through the 2023–2026 cycle, during which the Department of Mathematics will continue to pursue higher levels of collaboration and excellence as the programs evolve, strengthening commitment to actuarial education and industry engagement.
As a Silver-Level partner, IIT Madras will benefit from:
# Priority placements for students in CAS summer programs
# Access to CAS teaching materials and case-study libraries
# Invitations to the annual General Insurance Teachers Conference
# Sponsored on-campus events and virtual presentations with CAS professionals
