History: The Casualty Actuarial Society (CAS) has recognized the importance of Dynamic Risk Modeling (DRM) for many years and has actively supported research in DRM issues through its committee structure and calls for research papers. In 2003, the Dynamic Financial Analysis Committee (DFAC) of the CAS changed its name to the Dynamic Risk Modeling Committee (DRMC) to recognize, in part, the broader family of risk modeling implied by the name Dynamic Risk Modeling. Accordingly, DRM and DFA could be used interchangeably in many instances, although the DRMC considers DFA to be a specific subset of DRM modeling. Prior to 2004, the DFAC issued calls for research papers under the DFA heading.
Method: The Working Party, reviewed slides from past DRM and DFA presentations to find examples of effective slides. The presentations were also reviewed to understand how to sequence the slides to walk an audience through the parts of the study relevant to the decision making process.
Results: A PowerPoint template containing slides developed from the review of past DRM and DFA presentations was produced along with examples of how to use the slides to assemble a presentation and a guideline on giving DRM presentations.
Conclusions: An effective DRM presentation focuses on the financial measures that matter to the management team, which implies that one should establish those financial measures early in the life of a DRM project. Graphs provide the best approach to conveying the likely range of potential results and how those results can change over time. A number of slides in the PowerPoint template contain graphs that can be adapted to a particular presentation.
Availability: The PowerPoint template as well as the DRM presentation examples in PowerPoint can be downloaded from the CAS Web Site, www.casact.org. This summary report, the PowerPoint template, examples of presentations using the template, and the presentation guideline are on the CAS Web Site with hyperlinks between them at appropriate places.
Keywords: Dynamic Risk Modeling, DRM, Dynamic Financial Analysis, DFA, graphs, presentations.
