JERSEY CITY, N.J., November 12, 2013 — Patrick Woods, assistant vice president and actuary at ISO Insurance Programs and Analytic Services, has been awarded the 2013 Matthew Rodermund Service Award by the Casualty Actuarial Society (CAS). ISO is a member of the Verisk Insurance Solutions group at Verisk Analytics (Nasdaq:VRSK).
Woods received the award at the CAS annual meeting in Minneapolis for his significant volunteer contributions to the actuarial profession throughout his career. The award was established in 1990 in honor of Matt Rodermund’s years of volunteer service to the CAS. Each Rodermund Award winner exemplifies a lifetime of service helping to accomplish a variety of CAS initiatives.
Woods is a Fellow of the Casualty Actuarial Society (FCAS) and a Member of the American Academy of Actuaries (MAAA). His service to the CAS includes an extended record of volunteering that includes roles essential for everyday CAS functions. As a part of his volunteer effort, he has served as chairman and member of numerous CAS committees, including the Program Planning Committee, the Editorial Committee, and the Committee on Volunteer Resources. He has also represented the property/casualty profession outside the CAS, serving on and chairing the Casualty Committee of the Actuarial Standards Board. For the American Academy of Actuaries, he has served on the Casualty Practice Council and the Committee on Membership.
At ISO, his responsibilities include managing and overseeing the operations of ISO’s Personal Automobile Actuarial Division. He has been significantly involved in the development of the ISO Risk Analyzer Personal Auto solutions. Woods has worked for ISO for more than 35 years.
Woods holds a bachelor of science degree and a master of arts degree in mathematics from St. John’s University.
The Casualty Actuarial Society (CAS) fulfills its mission to advance actuarial science through a focus on research and education. Among its 6,000 members are experts in property/casualty insurance, reinsurance, finance, risk management, and enterprise risk management. For more information, visit www.casact.org.
Since 1971, ISO has been a leading source of information about property/casualty insurance risk. For a broad spectrum of commercial and personal lines of insurance, the company provides statistical, actuarial underwriting, and claims information; policy language; information about specific locations; fraud identification tools; and technical services. ISO serves insurers, reinsurers, agents and brokers, insurance regulators, risk managers, and other participants in the property/casualty insurance marketplace. ISO is a member of the Verisk Insurance Solutions group at Verisk Analytics (Nasdaq:VRSK). For more information visit, www.verisk.com/iso and www.verisk.com.