Media Advisory: Casualty Actuarial Society (CAS) Ratemaking, Product and Modeling (RPM) Seminar & Live Stream Sessions
WHAT: Casualty Actuarial Society (CAS) Ratemaking, Product and Modeling (RPM) Seminar & Live Stream Sessions
WHO: Insurance professionals of all levels, including actuaries, predictive modelers, product managers and underwriters. Members of the press are welcome to attend sessions both in-person and via live stream and are asked to register in advance with Kate Niswander, CAS marketing and communications manager, at 703-276-3100 or kniswander@casact.org.
WHERE: Sheraton New Orleans, New Orleans, LA or remotely via the Internet live stream on March 24.
WHEN: March 23-25, 2020. Please note all times are Central.
WHY: To discuss industry trends and emerging issues in ratemaking, product management and modeling. The meeting will consist of two general sessions as well as concurrent sessions. Five sessions will be made available for remote viewing via live stream on Tuesday, March 24. Topics to be addressed at the seminar include predictive analytics, innovation and emerging trends, artificial intelligence, professionalism, regulation and more.
General Sessions
Perspectives on Floods
[Tuesday, March 24 – 8:00 AM to 9:45 AM CST ]
Featuring a panel of experts from the flood space, this session will explore the current status of the National Flood Insurance Program, provide an update on the private market flood insurance arena and explore community responses and efforts related to flood.
Speakers:
David Evans, FCAS, Consulting Actuary, Milliman, Inc.
Rebecca Williams, ACAS, Actuary, North Carolina Rate Bureau
Patrick Forbes, Executive Director, Louisiana Office of Community Development
David Atkinson, FCAS, Actuary, FEMA
Keynote Speaker: Avoiding an Extinction Event: Evolution to Artificial intelligence in the Property & Casualty Insurance Industry
[Wednesday, March 25 –1:15 PM to 2:30 PM CST]
This session will answer questions like: What is the right way to invest in AI as an insurance carrier? How should the actuarial department look to enhance its capabilities and role within the company? Does the company have the leadership capabilities to ensure that the investment drives an ROI?
Speaker:
Severence MacLaughlin, Ph.D., Founder and Managing Partner, DeLorean AI
Live Streaming Sessions on Tuesday, March 24
Perspectives on Flood (Live Streaming)
[Tuesday, March 24 – 8:00 AM to 9:45 AM CST]
See above for session description.
Casualty Large Loss Trend (Live Streaming)
[Tuesday, March 24 – 10:15 AM to 11:30 AM CST]
This session aims to explain whether large losses trend at an inflation rate the same as small losses and explains techniques that evaluate the conditions under which a collection of large losses will or will not provide meaningful information
Panelists:
David Clark, FCAS, Senior Actuary, Munich Re America, Inc.
Timothy McCarthy, Actuarial Director, ISO/Verisk
Pam Sealand Reale, FCAS, AVP and Actuary, The Hartford
Peter Magliaro, FCAS, VP & Actuary, Zurich North America
Don’t Put All Your AAls in One Basket: Event Level Data and Pricing Catastrophe Concentration of Risk (Live Streaming)
[Tuesday, March 24 – 12:30 PM to 1:45 PM CST]
This session will review traditional techniques for pricing the concentration charge, describe the data outputs of a catastrophe model and provide examples of how the event level simulation output could be used by a primary insurer to accurately reflect its reinsurance cost at the territory level.
Panelists:
Cody Webb, FCAS, Principal, Milliman, Inc.
Garrett Bradford, GIS Consultant, Milliman, Inc.
John Rollins, FCAS, Consulting Actuary, Milliman, Inc.
Artificial Intelligence in Insurance: Theory and Practice (Live Streaming)
[Tuesday, March 24 – 2:15 PM to 3:30 PM CST]
This session will introduce two insurance-related AI applications and demonstrate how we can understand the relationships captured by these complex models.
Panelists:
Liam McGrath, ACAS, Data Scientist, Willis Towers Watson
Jason Rodriguez, Lead Data Scientist, Willis Towers Watson
Insuretech in Commercial Lines (Live Streaming)
[Tuesday, March 24 – 4:00 PM to 5:15 PM CST]
This session will introduce various insuretech companies, their offerings and how they expect to change the landscape of how various applicable lines of business will be impacted going forward.
Panelists:
Shobana Sankaran, Esurance
David Tobias, Co-founder, Betterview
Michael Spinelli, StrongArm Technologies
For more information on the live streaming, visit https://www.casact.org/event/2020-cas-interactive-live-streaming-rpm.
About the Casualty Actuarial Society
The Casualty Actuarial Society (CAS) is a leading international organization for credentialing and professional education. CAS credentials demonstrate the expertise to identify, analyze and advise on the potential financial impact of risk and uncertainty. Professionals educated by the Casualty Actuarial Society empower business and government to make well-informed strategic, financial and operational decisions.
