Having trouble reading this newsletter? Click here to see it in your browser.
You are receiving this newsletter because you signed up from our web site. Click here to unsubscribe.
Risky Business - GIS Alumni Newsletter


Gamma Iota Sigma, Sigma Chapter
Risky Business Alumni Edition 2007-2008
Volume XVIV, Issue I
 


In this Issue

June 2008 - Welcome!
Gamma Iota Sigma Gives Back to the Philadelphia Community
SPENCER EDUCATIONAL FOUNDATION SCHOLARSHIP WINNERS
Awards for Excellence Luncheon
Professional Exam Passers
Sigma Chapter would like to thank the following alumni for their continuing support during the 2007-2008 academic year!
Risk Management and Insurance Intern Career Reception
The 6th Annual High School Math Competition
The 3rd Annual Date Auction
Milestones


Upcoming Events

View All Upcoming GIS Events


Alumni Spotlight

Kent Cooke
Class of 1987
Vice President
Marsh Inc.
Philadelphia, PA
 

[Read More]

Andrew Kush
Class of 2000
Assistant Vice President
PNC Bank
Pittsburgh, PA
 

[Read More]


Company Spotlight

ECBM

[Read More]

Travelers

[Read More]

 

Employment Ads

JEG Executive Search LLC

Advertising in the Alumni Newsletter

If you would like to place an Ad in the Alumni Newsletter, which now routes successfully to about 700 alumni in the Risk Management & Insurance and Actuarial fields, you will need to follow this procedure...


Contact us

Vincent Baldino
Vice President of Alumni Affairs
 

Matt Shoaf
Director of Alumni Affairs
 

Farhaz Jessani
Director of Alumni Affairs

Update Alumni Contact Information
 


Pass it on

Know anyone who might be interested in our newsletter? Click here to forward this email to up to 5 friends at once.



 

Milestones Professional Exam Passers

Spring 2008

For students in the risk management and actuarial science fields, passing exams given by professional societies is of critical importance to their professional development. The Department of Risk, Insurance, and Healthcare Management encourages students to take these professional exams while in school. These rigorous exams are given by various educational organizations in the risk management and actuarial science fields. Gamma Iota Sigma is proud of our students who have passed these exams recently. These include exams for the CEBS, CPCU and ARM designations. In addition, actuarial science majors take exams sponsored by the Society of Actuaries.

 

Certified Employee Benefit Specialist

 

In the employee benefits and compensation field, the oldest and most respected

professional credential is CEBS - the Certified Employee Benefit Specialist. CEBS was established in 1977 through a partnership of the International Foundation of Employee Benefit Plans and the Wharton School of the University of Pennsylvania. The CEBS designation carries an eight-course requirement and is highly respected in the employee benefits field.

 

CEBS 1 (Employee Benefits: Concepts and Health Care Benefits) introduces employee benefits, examining the employee benefit environment, the functional approach to benefit planning, and risk management and insurance techniques in employee benefits. The following students completed this course and successfully passed the corresponding exam during Fall 2007 or Spring 2008:

Annamarie LaCroce Class of 2009
Christine Merenich Class of 2008
Kirill Palatnik Class of 2008
Sean Parkins Class of 2009
Rothanok Sor Class of 2010
Scott Struthers Class of 2009
Elizabeth Sutherland Class of 2009

 

CEBS 2 (Employee Benefits, Design, and Other Welfare Benefits) engages in various life insurance options through, dependent care, family leave, and work/life benefits through the employer-employee relationship. The following students completed this course and successfully passed the corresponding exam during Fall 2007, or Spring 2008:

Jamil Bashir Class of 2008
Shawn Emrich Class of 2008
Ryan Kulig Class of 2008

 

 

CEBS 3 (Retirement Plan Design) explains the uses of direct contribution and direct benefit in an employer retirement plan. This course also goes into other various types of retirement plans, Social Security provisions, tax-qualified plans, and an in-depth look at 401(k) and 403(b) plans. The following student completed this course and successfully passed the corresponding exam during Fall 2007 or Spring 2008:

Shawn Emrich Class of 2008

 

 

CEBS 4 (Retirement Plan Management) examines approaches to enhancing retiree financial security. The course focuses on investment principles in accumulating retirement wealth and the importance of fiduciary oversight and plan governance by plan sponsors. The course also goes into investment retirement accounts, Keoghs, defined benefit structures, savings plans. The following student completed this course and successfully passed the corresponding exam during Fall 2007 or Spring 2008.

 

Shawn Emrich Class of 2008

 

CEBS 8 (Human Resources and Compensation Management) provides an overview of human resource management, discussing internal and external factors affecting supervision. It also examines the legal and managerial requirements for nondiscriminatory decision-making, the processes for effective recruitment and retention, and issues in creating effective training and development programs as well as useful performance assessments. The following student completed this course and successfully passed the corresponding exam during Fall of 2007 or Spring of 2008:

Shawn Emrich Class of 2008

 

CEBS 31 (Executive Compensation and Compensation Issues) explains the use of executive compensation and practices. The course goes into various forms components including direct pay, employee benefits, perquisites, short term incentives, and long term incentives. Tax and financial considerations are examined and put into context when applied to certain pay techniques such as the use of nonqualified plans and stock option grants. Increased scrutiny of excessive executive compensations is also discussed. The following students completed this course and successfully passed the corresponding exam during Fall of 2007 or Spring of 2008:

Shawn Emrich Class of 2008
Brian Fiore Class of 2008

 

 

Chartered Property Casualty Underwriter

 

The Chartered Property Casualty Underwriter designation is the most respected professional designation in the property and casualty insurance industry. The American Institute of Chartered Property Casualty Underwriters grants the CPCU designation to individuals who have completed eight courses in risk management and insurance and have complete three years of service in the insurance industry.

 

CPCU 520 (Insurance Operations, Regulation, and Statutory Accounting) continues from CPCU 510 by covering more foundational material such as insurance operation, regulation, marketing, underwriting, claim adjusting. The following student completed this course and successfully passed the corresponding exam during Fall of 2007 or Spring of 2008:

Nika Cadogan Class of 2008
Kevin Johnson Class of 2009
Karen Silverman Class of 2008

 

 

CPCU 551 (Commercial Property Risk Management and Insurance) goes over the topics in commercial property in risk management and insurance. The course goes over property loss exposures, building and personal property coverage, causes of loss forms, flood, earthquake, and specialty forms, business income, inland marine and ocean cargo, crime, equipment breakdown, business owners and farmowners, and surety bonds. The following student completed this course and successfully passed the corresponding exam during Fall of 2007 or Spring of 2008:

Crystal Carmichael Class of 2009

Jennifer Hombach Class of 2010

Dorian Kusznir Class of 2009

Savan Patel Class of 2009

Dong Sun Seo Class of 2008

Cidney Thomas Class of 2009

Associate in Risk Management

 

The Associate in Risk Management designation is based on possessing in-depth knowledge in both the practical skills necessary for risk management as well as adapting those skills to changing circumstances. The requirements for attaining the ARM designation consist of passing three courses.

 

ARM 54 (Risk Assessment) discusses basic concepts in risk management. Establishing risk management programs, the risk management progress, legal foundations, property assessment, liability, cost forecasting, and cash flow analysis are many of the topics covered. The following student completed this course and successfully passed the corresponding exam during Fall of 2007 or Spring of 2008:

Gaelle Alexandre Class of 2008
Bernadette Irace Class of 2008
Christopher Lavelle Class of 2009
Matthew Salamone Class of 2009
Monika Shah Class of 2009
Elissa Viscelli Class of 2008

 

ARM 55 (Risk Control) goes over topics in controlling and managing risk. Controlling various forms of loss exposure is this main forum of study in this course. The following student completed this course and successfully passed the corresponding exam during Fall of 2007 or Spring of 2008:

Gaelle Alexandre Class of 2008
Pankaj Bhasin Class of 2007
Christopher Lavelle Class of 2008
Mathew Salamone Class of 2009

ARM 56 (Risk Financing) studies the various forms of insurance plans as well as risk financing and loss forecasting. The following students completed this course and successfully passed the corresponding exam during Fall of 2007 or Spring of 2008:

Gaelle Alexandre Class of 2008
Kim Armbrecht Class of 2008
Nicole Bader Class of 2008
Pankaj Bhasin Class of 2007
Maureen Doheny Class of 2007
Nicholas Herbert Class of 2007
Yasser Hussein Class of 2007
Andrew Kozieja Class of 2008
Kristy Li Class of 2008
Vlad Litvak Class of 2008
Amanda Lyons Class of 2008
Michael Montagnon Class of 2008
Roger Moore Class of 2007
Kara Owens Class of 2007
Mitul Patel Class of 2007
Priya Patel Class of 2007
Anthony Polito Class of 2007
Megan Provost Class of 2007
Parshwa Shah Class of 2008
Karen Silverman Class of 2008
Roland Skenderi Class of 2007
Sean Stephenson Class of 2007
Baba Ary Toubo Class of 2008
Gelena Turkel Class of 2007

 

 

 

Society of Actuaries Exams

 

The Society of Actuaries is dedicated to promoting high standards of professionalism, education, and research in the actuarial field. Actuaries in the United States achieve professional status by passing a set of examinations administered by the Society of Actuaries. Exams include Probability (P/1), Financial Mathematics (FM/2), and Actuarial Models (M/3). These exams are quite rigorous and have low pass rates nationally . Gamma Iota Sigma would like to congratulate those that have passed these exams in the spring and summer of 2007. Below is a list of graduate students and undergraduate students, the exam they have passed, and the month in which they passed the exam.

 

Exam P (Probability) has as its goal the development of knowledge with regard to probability. Practical application of this knowledge towards problems in actuarial science is emphasized. The following students completed this course and successfully passed the corresponding exam during Fall 2007 or Spring 2008:

 

Undergraduates:

Olga Malycheva Class of 2008

Graduates:

Ravi Hallili Class of 2008

 

 

Exam FM (Financial Mathematics) covers discrete and continuous interest theory, applying fundamental concepts of financial mathematics to calculating the present and future values of various cash flows. In addition, the course also provides an introduction to financial instruments, such as derivatives and arbitrage. The following student completed this course and successfully passed the corresponding exam during Fall 2007 or Spring 2008:

 

Graduate Student:

Ting Li Class of 2008

 

 

Exam M (Actuarial Models) has been recently split into two parts, Exam MLC (Contingencies) and Exam MFE (Economics). They are graded separately and students are not required to take the two concurrently. The material in these exams follows the theoretical basis of certain actuarial models as well as the application of those models to insurance and financial risks. The following students completed this course and successfully passed one or both of the corresponding exams during Fall 2007 or Spring 2008:

 

Undergraduates:

Daniel Callahan Class of 2009
Richard Hunyh Class of 2008
Russell Thomas Class of 2010

 

 

Exam C (Construction and Evaluation of Actuarial Models) covers an introduction to modeling and important actuarial methods that are useful in modeling. The candidate will be introduced to useful frequency and severity models beyond those covered in Exam M. The following student completed this course and successfully passed one or both of the corresponding exams during the fall of 2007.

 

Undergraduates:

Maria Milazzo Class of 2008

 

 




This email was sent to [email]
Click here to instantly unsubscribe.

Gamma Iota Sigma - Sigma Chapter
400 Ritter Hall Annex (004-00)
1301 Cecil B. Moore Avenue
Philadelphia, PA 19122
Voice: 215.204.9368