2019 Annual Meeting

Event Details

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Hilton Hawaiian Village Waikiki Beach Resort
2005 Kalia Road
Honolulu, HI 96815

About This Event

The 2019 CAS Annual Meeting gives property-casualty insurance actuaries and consultants the opportunity to earn continuing education credits in a variety of sessions covering relevant and timely topics necessary for continued professional growth and maintaining actuarial credentials. Network with your peers and colleagues at Waikiki's most unique meeting and event venue.

Photographs from the 2019 CAS Annual Meeting

Onsite Program

Event Information

CASUALTY ACTUARIAL SOCIETY’S ENVISIONED FUTURE (FROM THE CAS STRATEGIC PLAN)

The CAS will be recognized globally as the premier organization in advancing the practice and application of casualty actuarial science and educating professionals in general insurance, including property-casualty and similar risk exposure.

CONTINUING EDUCATION CREDITS

The CAS Continuing Education Policy applies to all ACAS and FCAS members who provide actuarial services. Actuarial services are defined in the CAS Code of Professional Conduct as “professional services provided to a Principal by an individual acting in the capacity of an actuary. Such services include the rendering of advice, recommendations, findings or opinions based upon actuarial considerations.” Members who are or could be subject to the continuing education requirements of a national actuarial organization can meet the requirements of the CAS Continuing Education Policy by satisfying the continuing education requirements established by a national actuarial organization recognized by the Policy.

This activity may qualify for up to 15.4 CE credits for the Annual Meeting for CAS members (more if you include Tuesday afternoon’s live stream sessions). Participants should claim credit commensurate with the extent of their participation in the activity. CAS members earn 1 CE credit per 50 minutes of educational session time, not to include breaks or lunch.

Note: The amount of CE credit that can be earned for participating in this activity must be assessed by the individual attendee. It also may be different for individuals who are subject to the requirements of organizations other than the American Academy of Actuaries.

SUGGESTED ATTIRE

Business casual attire is suggested for the conference sessions and receptions. It is best to wear layered clothing as meeting rooms tend to fluctuate in temperature.

In Honolulu, the average high temperature during November is 84º F/29º C and the average low is 71º F/22º C.

CONSENT TO USE OF PHOTOGRAPHIC IMAGES

Registration and attendance at or participation in CAS meetings, seminars and other activities constitutes an agreement by the registrant to the CAS’s use and distribution (both now and in the future) of the registrant or attendee’s image or voice in photographs, videotapes, electronic reproduction and audiotapes of such events and activities.

UNIVERSITY OF THE CAS (UCAS)

Visit the University of the CAS to enhance your experience in professional education. UCAS provides a virtual world of opportunities through the capture of live content from CAS meetings and seminars. UCAS offerings include a variety of session presentations, audio recordings, podcasts and recorded webinars.

Following the meeting, select sessions from the 2019 Annual Meeting will be recorded and available to meeting attendees for a discounted fee.

Please visit the UCAS website on the CAS homepage, for more information.

CONTACT INFORMATION

  • For more information on Annual Meeting content, please contact Dave Core, CAS Director of Professional Education and Research, at dcore@casact.org.
  • For more information on attendee registration, please email arc@casact.org.
  • For more information on the Annual Meeting other than registration or content issues, please email meetings@casact.org.
  • For more information on other CAS opportunities or administrative policies such as complaints and refunds, please contact the CAS Office by email or at (703) 276-3100.

 

Event Registration

Pre-registration for the 2019 CAS Annual Meeting is now closed. You are invited to register onsite at the Hilton Hawaiian Village beginning at 3:00 p.m. on Sunday, November 10. If you are a new FCAS, ACAS, or CERA who is being recognized in Honolulu, please email Kathleen Dean at kdean@casact.org to process your registration in advance.

The CAS Annual Meeting will be held November 10-13, 2019 at Hilton Hawaiian Village Waikiki Beach Resort in Honolulu, Hawaii. The registration fee includes educational sessions, three continental breakfasts, a luncheon on Monday, refreshment breaks, a welcome reception on Sunday and Tuesday Buffet Dinner.

Please note the special one-day registration for Active Candidates* on Monday, November 11.

EARLY REGISTRATION

We encourage you to register early for the Annual Meeting. Please note that while there is limited space at this year’s Annual Meeting, CAS will work to accommodate all meeting registrants. Should there be a record number of registrations, the CAS reserves the right to limit the number of participants.

REGISTRATION FEES

Pre-registration for the 2019 CAS Annual Meeting is now closed. You are invited to register onsite at the Hilton Hawaiian Village beginning at 3:00 p.m. on Sunday, November 10. If you are a new FCAS, ACAS, or CERA who is being recognized in Honolulu, please email Kathleen Dean at kdean@casact.org to process your registration in advance.

REG TYPE

EARLY REG. FEE
BY OCT. 18, 2019

LATE REG. FEE
AFTER OCT. 18, 2019

CAS Member, Affiliate, Subscriber, and Active Candidate*, or Member of a Worldwide Actuarial Association

$1,350

$1,550

CAS Member Speaker/Board/Executive Council

$1,013

CAS Member, Government Employee

$675

CAS Academic Central Member***

$0

Speaker Who is Not a Member of CAS and Not a Member of Any Other Worldwide Actuarial Association

$0

Speaker Who is Not a CAS Member but IS a Member of Another Worldwide Actuarial Association

$675

Non-CAS Member Speaker

$0

Non-CAS Member

$1,550

$1,750

Non-CAS Member, Government Employee

$775

Retired CAS Member

$675

$775

Spouse/Guest** (Includes tickets for 3 breakfasts, 1 reception, and 1 dinner)

$440

$540

Monday Only (Active Candidate*)

$150

 

Post-Event Session Recordings****

$50

Please Note: Fees will be refunded for cancellations received in writing at the CAS office by November 1, 2019 less a $100 processing fee.

* An Active Candidate is a non-CAS member who has attempted at least one actuarial exam in the last two years.
** Person accompanying an Academic or CAS Member, Affiliate, Subscriber, Active Candidate* or Member of an Actuarial Association Worldwide to social functions. Attendance at educational sessions is not permitted with this registration fee category.
*** Limited to Members of CAS Academic Central for up to three national CAS meetings or seminars each year.
**** Post-Event Session Recordings are being made available to conference attendees at a discounted rate of $50. Session recordings cover all or most of the sessions presented at the conference.

NOTE REGARDING FEES

All attendee registration fees will increase by $200 if the registration is received after October 18, 2019. Similarly, spouse/guest registration fees will increase by $100 if the registration is received after October 18, 2019. The CAS will send confirmations to all registrants prior to the meeting. A complete registration form and fee schedule is included.

SPOUSE/GUEST REGISTRATION FEE

The fee for the spouse/guest is $440, which includes the following:

  • Continental breakfasts (Monday, Tuesday, Wednesday)
  • Sunday Welcome Reception
  • Tuesday Buffet Dinner

INDIVIDUAL TICKETS

In lieu of the complete spouse/guest registration package, attendees may purchase individual tickets to the social events for their guests. Individual tickets are available for the continental breakfasts, Sunday Welcome Reception and Tuesday Buffet Dinner. These individual tickets are not necessary for registered attendees to purchase, as each event is already included in the registration fee.

Individual Ticket Prices

All ticketed events below are already included in both the attendee and the spouse/guest registration fee. These tickets are only intended for use by individuals not already registered.

REG TYPE

FEES

Sunday Welcome Reception (age 21+)

$95

Sunday Welcome Reception (ages 3-20)

$48

Monday Continental Breakfast

$58

Tuesday Continental Breakfast

$58

Wednesday Continental Breakfast

$58

Tuesday Buffet Dinner (age 21+) Must be purchased by 4:00 p.m. (Eastern) on November 1.

$200

Tuesday Buffet Dinner (ages 3-20) Must be purchased by 4:00 p.m. (Eastern) on November 1.

$100

 

Planning committee

Frank Gribbon, Co-Chairperson
David Core, Co-Chairperson
Linda Brobeck, Vice Chairperson
Kudakwashe Chibanda, Vice Chairperson
Meagan Mirkovich, Vice Chairperson
Stephanie Gould Rabin, Vice Chairperson

Alexander Alimi*
Keith Allen
Carl Ashenbrenner
Lynne Bloom
Bill Burns*
Benoit Carrier
Ann Chai
Jonathan Charak*
Michael Chen*
Chris Cooksey*
Ralph Dweck
Greg Fears*
Kirsten Hernan*
Aaron Hillebrandt
Martin King
Howard Kunst*
Nicholas Klinka
Winnie Li*
Michael Mancuso*
Jason Nikowitz*
Beverly Phillips*
Sandy Santomenno
Sunde Schirmers*
Mike Speedling*
Ian Sterling*
Rick Sutherland*
Scott Swanay*
Katey Walker
Kiki Wang*
Robert Wolf*
Raisa Zarkhin
Rita Zona*

*Speaker Mentor

 

Lodging

Hotel

The 2019 CAS Annual Meeting will be held at:
Hilton Hawaiian Village Waikiki Beach Resort
2005 Kalia Road
Honolulu, HI 96815
Main Phone: +1-808-949-4321

HEART OF WAIKIKI

Take a trip of a lifetime and stay at the Hilton Hawaiian Village Waikiki Beach Resort. Set among a tropical landscape covering 22 acres, the hotel boasts Waikiki's widest and most spectacular white sand beach as well as Waikiki's only saltwater lagoon. Stunning natural surroundings, luxurious amenities, vibrant dining options, the most adventurous daily activities and more make for a perfect holiday in Honolulu.

Ideally located in the heart of Waikiki, this hotel is 10 minutes from Pearl Harbor and 25 minutes from Honolulu International Airport (HNL). Ala Moana, the largest shopping mall in Hawaii, is just a five-minute drive away giving you easy access to over 340 shops, services and entertainment.

Set across five towers, each spacious room features views of the resort, Honolulu coastline or Pacific Ocean. Room Rates vary by tower and view and there are several hundred of each room type/rate available to reserve:

Resort View: $230 for single/double room, plus taxes
Partial Ocean View: $265 for single/double room, plus taxes
Ocean View: $295 for single/double room, plus taxes
Ocean Front: $325 for single/double room, plus taxes

ROOM TYPE AVAILABILITY UPDATES (as of 8/9/2019).

Please note the following room types are available for arrivals and departures between the date ranges below:
Resort View: 11/10 - 11/19/19
Partial Ocean View: 11/10 - 11/19/19
Ocean View: 11/3 - 11/19/19
Rainbow Tower Ocean View: 11/3 - 11/19/19

Reservations must be made by October 10, 2019. Check in at the Hilton Hawaiian Village Waikiki Beach Resort is 3:00 p.m. and check out is by 11:00 a.m.

Reservations may be made online or via telephone or via email:

  • For online reservations, visit https://www.hilton.com/en/hi/groups/personalized/H/HNLHVHH-AWY-20191103/index.jhtml?WT.mc_id=POG.
  • For telephone reservations, call (808) 949-4321, Select Option 1 and reference the code "AWY" or Casualty Actuarial Society 2019 Annual Meeting.
  • For email reservations, send an email to hnlhvhh.res@hilton.com and reference the code "AWY" or Casualty Actuarial Society 2019 Annual Meeting.

While reservations must be made prior to October 10, 2019, in order to receive the negotiated rates, there is no guarantee that rooms will be available should you wait until this date. CAS strongly suggests that you make your room reservations early to secure accommodations before the room block fills.

Daily Resort charge of $15, per night, plus taxes, includes the following:

  • Local, Toll-Free and Credit Card calls (no access fee)
  • High Speed Internet Access / WiFi Access
  • PlayStation 3 with unlimited movies and games
  • Hawaiian Cultural Activities
  • Resort Audio Tour
  • Dive-in Movies on Wednesdays and Saturdays at sundown
  • Outdoor Morning Exercise Classes
  • One personalized photo postcard per stay from Xerox Business Services

Cut-Off Date: Thursday, October 10, 2019

ADDITIONAL ACCOMMODATION INFORMATION

For more information on the hotel or the Honolulu area, please visit either https://www3.hilton.com/en/hotels/hawaii/hilton-hawaiian-village-waikiki-beach-resort-HNLHVHH/index.html or https://www.hvcb.org/ respectively.

IMPORTANT INFORMATION REGARDING OFFICIAL ANNUAL MEETING HOTEL

The Casualty Actuarial Society is able to conduct high-quality meetings at desirable sites for a reasonable registration fee because a block of hotel rooms is reserved for meeting attendees. In exchange for filling the required number of sleeping rooms, the CAS is permitted to use the hotel's meeting space at no cost, thus keeping registration fees low. In addition, meeting attendees receive a reduced rate for their sleeping rooms. We kindly request that all meeting attendees take advantage of the group rate and stay at the official Annual Meeting property, Hilton Hawaiian Village Waikiki Beach Resort.

TRANSPORTATION INFORMATION

The Hilton Hawaiian Village Waikiki Beach Resort is located approximately 8 miles from Daniel K. Inouye (Honolulu) International Airport.

For driving directions to the hotel, please visit: https://www3.hilton.com/en/hotels/hawaii/hilton-hawaiian-village-waikiki-beach-resort-HNLHVHH/maps-directions/index.html

 

Sponsors

Get exposure for your company by exhibiting/sponsoring at the CAS Annual Meeting. A sponsorship allows your company to stand out among competitors. Do not delay, as opportunities are limited! Contact Clarisa Figueroa at (703) 562-1722 or cfigueroa@casact.org for details on becoming a sponsor.

Download a copy of the 2019 CAS Annual Meeting Prospectus.

THANK YOU TO ALL 2019 ANNUAL MEETING EXHIBITORS AND SPONSORS!

DIAMOND PARTNERS

PLATINUM PARTNERS

GOLD PARTNERS

SILVER PARTNER

ADDITIONAL SPONSORS/EXHIBITORS

 

Other information

INTERACTIVE LIVE STREAM EVENT: 2019 CAS ANNUAL MEETING

NOVEMBER 12
8:00 AM – 4:30 PM (GMT-10 HAWAII)

Annual Live StreamingRegister

When registering for this event online, please select your reg type to see the event fees available.

DESCRIPTION

If you are unable to attend any seminars or meetings before the end of the year, don't worry, you still have a chance to get organized CE! Now you can participate live in our CAS events from your home or office. We have handpicked sessions from the upcoming seminar to live stream over the web. You will have the opportunity to interact with other virtual attendees as well as pose questions to the panel during the session.

Highlights of attending include:

  • Connect with peers from around the world
  • Participate in educational sessions presented by knowledgeable speakers
  • Earn CPE hours without the cost of travel

Key Benefits:

  • Relevant information you can benefit from immediately
  • Useful presentation materials highlighting main ideas and key points
  • Live Q&A - the experts answer your questions
  • Real-time insights that give you a competitive advantage
  • Low cost, professional development opportunity

SPEAKER OPINIONS

The opinions expressed by speakers at this event are their own and do not necessarily reflect the opinions of the CAS.

SCHEDULE:

8:00 – 9:15 a.m.
Innovations Contribution To Financial Strength (General Session)

9:35 – 10:25 a.m.
Visual Thinking – Data Visualization for Actuaries and Data Scientists

10:55 a.m. – 11:45 a.m.
GLM vs Machine Learning – A Case Study in Pricing

12:05 p.m. – 12:55 p.m.
The Big Short, Part II

2:40 – 3:30 p.m.
New Approaches to Modeling Silent Cyber Risk

3:40 – 4:30 p.m.
Driving Under the Influence – The Insurance of Distracted Driving

Complete Session Descriptions

A complimentary session in Mandarin is also available. Separate registration is required.

TECHNICAL REQUIREMENTS:

Browser

  • Adobe Flash Player 10.0.32 or above
  • Internet Explorer 8.0 or above, Firefox 2.0 or above, or Safari 3.0, or Chrome 4.0 or above
  • Microsoft Windows XP SP2, Microsoft Windows Vista, Macintosh OS X v10.4 or above, or Linux
  • 256 megabytes (MB) of RAM - 512 MB recommended
  • JavaScript and Cookies must also be enabled.
  • Super VGA (800 x 600) or higher resolution
  • 16-bit sound card
  • Speakers/headphones

Internet Connection Speed

  • For a reliable viewing experience at medium quality we recommend a downstream connection speed of at least 700Kbps.
  • Viewers can select a higher (up to 2Mbps for HD) or lower (198Kbps for low) video quality on the player depending on the connection speed.

REGISTRATION INFORMATION AND FEES:

Register

When registering for this event online, please select your reg type to see the event fees available.

REGISTRATION FEES (IN U.S. DOLLARS)

RECEIVED ON/BY
OCTOBER 29

RECEIVED BY
NOVEMBER 5

POST-MEETING
SESSION RECORDINGS

Individual Registration
Each person must register
individually* in order
to obtain CE credit

$199

$249

+$100

Group Registration**
(only one connection provided)
Each person must register individually* in order to obtain CE credit

$1,199

$1,599

Group Rate - PDF only

Post-Event Session Recordings are being made available to livestream attendees at a discounted rate of $100. Session recordings cover all or most of the sessions presented at the conference.

*For assistance with attendee registration, please email arc@casact.org.
** Group Registrations must provide a list of attendees to the CAS via email, meetings@casact.org, so CAS may note attendance for all participants in their CAS member record.

CANCELLATION/REFUNDS:

Registration fees will be refunded for cancellations received in writing at the CAS Office via fax, 703-276-3108, or email, refund@casact.org, by November 5, 2019 less a $25 processing fee.

CAS CONTINUING EDUCATION CREDIT:

The CAS Continuing Education Policy applies to all ACAS and FCAS members who provide Actuarial Services. Actuarial Services are defined in the CAS Code of Professional Conduct as "professional services provided to a Principal by an individual acting in the capacity of an actuary. Such services include the rendering of advice, recommendations, findings or opinions based upon actuarial considerations."

Members who are or could be subject to the continuing education requirements of a national actuarial organization can meet the requirements of the CAS Continuing Education Policy by satisfying the continuing education requirements established by a national actuarial organization recognized by the Policy. For further information regarding the CAS Continuing Education Policy please visit the CAS web site.

This live stream event may qualify for up to 6.5* CE Credits for CAS members. Participants should claim credit commensurate with the extent of their participation in the activity. CAS members earn 1 CE Credit per 50 minutes of educational session time, not to include breaks and/or lunch.

*The amount of CE credit that can be earned for participating in this activity must be assessed by the individual attendee. It also may be different for individuals who are subject to the requirements of organizations other than the Casualty Actuarial Society.

CONTACT INFORMATION

  • For more information about the Live Stream Event, please contact Nora Potter at npotter@casact.org.
  • For more information on attendee registration, please email arc@casact.org.
  • Group Registrations must provide a list of attendees to the CAS via email after the live stream: arc@casact.org, so CAS may note attendance for all participants on their CAS member record.
  • For more information on other CAS opportunities, or for more information regarding administrative policies such as complaints and refunds, please contact the CAS Office at (703) 276–3100 or by email.

TUESDAY BUFFET DINNER

No Buffet Dinner tickets available for purchase after 4:00 p.m. ET on November 1st.

Hawaii is the gathering place of the Pacific; thus the evening's entertainment is a spectacular presentation of the Polynesians throughout the Pacific - the Tahitians, the Samoans, the Fijians, the Maori, and of course, the Hawaiians. Mingle with other attendees while taking a cultural journey throughout the South Pacific via several stages located on the Great Lawn of the Hilton Hawaiian Village, offering breathtaking views of the Duke Kahanamoku Lagoon. Enjoy authentic entertainment while indulging in a taste of Hawaii with a fresh farm to table experience featuring local ingredients.

General sessions

MONDAY

ACTUARIAL CHALLENGES AROUND THE WORLD

The contexts in which property/casualty actuaries operate can vary widely from place to place, and from time to time. Cultural, legal, economic and regulatory environments; Catastrophe exposure; Market size, stage of development, and competitive dynamics; Data availability and quality; Development of the actuarial profession -- all these dimensions affect the conduct and delivery of our work in important ways. In this session we will explore these effects; and how they relate to similarities and differences in the roles, activities, and work products of property/casualty actuaries around the world. The panel will feature three panelists from distinct environments to illustrate; to compare and contrast; to discuss some of the unique characteristics and issues in their environment; and to explore the implications for actuaries and for the actuarial profession.

Panelists:
Jefferson Gibb, Vice President, Actuaries Institute (Australia)
Marc Tardif, President, Canadian Institute of Actuaries
Dehong “Derek” Xu, Chairman/CEO, Liberty Insurance China
Ana María Ramírez Lozano, President, Colegio Nacional de Actuarios (CONAC)

TUESDAY

ACTUARIAL JUDGMENT: DRAWING THE LINE

Actuaries do not work in a vacuum, and whether they serve customers within their own company or external clients, the client will invariably have feedback on the actuary’s work product. Recent US tax court cases and class action lawsuits naming actuaries have shed new light on this issue. Panelists will draw on their decades of actuarial experience to consider issues such as to what extent are actuaries required to consider client feedback and/or qualitative or anecdotal information in their assumptions and judgments? To what extend should actuaries consider this information, whether required or not? Between feedback that is clearly innocuous and interactions that are clearly designed to pressure an actuary into biasing their assumptions, there is a gray area. At what point have you crossed the line from making independent judgmental adjustments to being coopted? How can you tell exactly where that line is and what can you do if you fear you have inadvertently crossed it?

Panelists:
Joseph Herbers, Managing Principal, Pinnacle Actuarial Resources
Deborah Rosenberg, Vice Chairperson, Actuarial Board for Counseling & Discipline
Scott Weinstein, Principal, KPMG

INNOVATIONS CONTRIBUTION TO FINANCIAL STRENGTH

“It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is most adaptable to change.” - Charles Darwin

Innovation is how we adapt to change and with the increased pace of change in our world, A.M. Best is proposing a new rating criteria on innovation.

The first speaker will comment on innovations that he observed in the industry and innovation trends.

The second speaker will provide a high-level overview of how A.M. Best rates companies and where this innovation criteria would fit in. He will also mention the proposed timeline for this criteria release.

Both will share positive and negative comments received about this proposal. Aon, as provider of rating agency services for clients, and A.M. Best, from their request for comments.

They will conclude by predicting how the industry may look like in a few years, transformed by innovation.

Moderator:
Benoit Carrier, Managing Director, Aon
Panelists:
Greg Heerde, Head of Americas Analytics, Aon
Jim Gillard, Executive Vice President & Chief Operating Officer, AM Best

WEDNESDAY

HAWAIIAN INSURER PANEL

Hawaii faces a variety of unique challenges from an insurance company's perspective. For example, catastrophic risks such as hurricane and volcanic eruption affect the entire state. This session will discuss some of the challenges faced by a workers’ compensation carrier as well as two insurance companies writing diversified books of personal and commercial lines. Likely topics of discussion include the following:

  • Comparisons to other state regulatory environments, including a discussion of Hawaii’s unique auto insurance laws that prohibit rating variables proven to be effective in other states;
  • Insights on lava exposure in Hawaii, discussing the lack of modeling information to determine pricing, interesting reinsurance issues related to this peril, and oddities in the settlement of claims;
  • Unusual dynamics and partnerships resulting from several property insurers writing hurricane-only policies, while other companies write all perils excluding hurricane;
  • The impact of recent Hawaii hurricane model updates from some of the key catastrophe modelers which drastically increased the tail risk in these models;
  • Current issues impacting workers compensation; and
  • Other unique issues faced by Hawaiian insurers, such as the general challenge of insuring risks in one of the most geographically isolated places on earth.

Moderator:
Guy Avagliano, Principal and Consulting Actuary, Milliman
Panelists:
Jeffrey Grimmer, Vice President & Treasurer, First Insurance Company of Hawaii
Michael Onofrietti, SVP , Actuarial, Product Management & Development, Island Insurance Company
Martin Welch, CEO, Hawaii Employers' Mutual Insurance Company

 

Schedule

(tentative and subject to change)

SUNDAY, NOVEMBER 10

3:00 p.m.–6:30 p.m.

Registration

5:00 p.m.–6:30 p.m.

Recognition Reception for New Associates and their Spouses/Guests (including New ACAS Group Photo Session)

6:30 p.m.–7:30 p.m.

Welcome Reception

MONDAY, NOVEMBER 11

7:00 a.m.–4:30 p.m.

Registration

7:00 a.m.–8:30 a.m.

Continental Breakfast & Exhibits

8:00 a.m.–8:45 a.m.

Celebration of New Members
All meeting attendees are invited and encouraged to attend this session — come celebrate the achievements of new CAS members!

8:45 a.m. – 9:15 a.m.

Refreshment Break & Exhibits

8:45 a.m. – 9:15 a.m.

New Member Group Photo Session (FCAS, CERA)

9:15 a.m.–10:15 a.m.

Featured Speaker

10:15 a.m. – 11:00 a.m.

Presidential Address and Business Session

11:00 a.m. – 11:30 a.m.

Refreshment Break & Exhibits

11:30 a.m. – 12:45 p.m.

General Session I

12:45 p.m. – 1:45 p.m.

Luncheon

1:45 p.m. – 2:35 p.m.

Concurrent Sessions 1

2:35 p.m. – 2:55 p.m.

Transition Break

2:55 p.m. – 3:45 p.m.

Concurrent Sessions 2

3:45 p.m. – 4:15 p.m.

Refreshment Break

4:15 p.m. – 5:05 p.m.

Concurrent Sessions 3

5:30 p.m. – 6:30 p.m.

Officers' Reception for New Fellows and their Spouses/Guests

~~~ Remainder of Evening is Free to Enjoy ~~~

TUESDAY, NOVEMBER 12

7:00 a.m.–12:15 p.m.

Registration

7:00 a.m.–9:00 a.m.

Continental Breakfast & Exhibits

8:00 a.m.–9:15 a.m.

General Session II

8:00 a.m.–9:15 a.m.

General Session III

8:40 a.m.–4:15 p.m.

Student Program

9:15 a.m.–9:35 a.m.

Transition Break

9:35 a.m.–10:25 a.m.

Concurrent Sessions 4

10:25 a.m.–10:55 a.m.

Refreshment Break & Exhibits

10:55 a.m.–11:45 a.m.

Concurrent Sessions 5

11:45 a.m.– 12:05 p.m.

Transition Break

12:05 p.m.– 12:55 p.m.

Concurrent Sessions 6

12:55 p.m.– 2:30 p.m.

Lunch on Your Own

2:30 p.m.– 3:30 p.m.

Roundtable Discussions

2:40 p.m.– 3:30 p.m.

Additional Concurrent Session

3:30 p.m.– 5:00 p.m.

Diversity Reception

4:40 p.m.– 5:30 p.m.

Special Concurrent Session

6:00 p.m.– 9:00 p.m.

Tuesday Buffet Dinner

WEDNESDAY, NOVEMBER 13

7:00 a.m. – 11:30 a.m.

Registration

7:00 a.m. – 9:00 a.m.

Continental Breakfast & Exhibits

8:00 a.m. – 8:50 a.m.

Concurrent Sessions 7

8:50 a.m. – 9:10 a.m.

Transition Break

9:10 a.m. – 10:00 a.m.

Concurrent Sessions 8

10:00 a.m. – 10:30 a.m.

Refreshment Break & Exhibits

10:30 a.m. – 11:45 a.m.

General Session IV & Adjournment

 

Receptions and roundtables

The CAS will be offering seven roundtables on Tuesday, November 12, from 2:30 - 3:30 p.m. They are limited to 15 participants each, except for Roundtables 4 (50 participants) and 7 (30 participants). If you are interested in participating, please review this list of facilitators and topics. You may only pick one roundtable and we will honor the first 15 that register in each one, after which the registration for that roundtable will be closed.

Register

Take advantage of this opportunity to discuss a real-world challenge and earn CE credits. Space is limited. First-come, first-served.

This is only available to Annual Meeting registrants.

R-1: UNIVERSITY ENGAGEMENT: TRAINING ACTUARIES IN THE REAL WORLD

Facilitator: Erich Brandt

In this roundtable participants will carry on a discussion on the issues raised during this prior concurrent session: A panel of actuaries passionate about education will discuss the various roles they have in training university students to become future actuaries. The panel will describe methods of engaging college students to prepare them for the actuarial profession.

R-2: THE BIG SHORT, PART II

Facilitator: Robert Anderson

In this roundtable participants will carry on a discussion on the issues raised during this prior concurrent session: It's been over a decade since the 2008 financial crisis, yet, the entire developed world hasn't ever really recovered economically. Was there more to the crisis that we still don't fully understand? If so, are we any more prepared now than we were then for the economic risks we face today? This is "The Big Short, Part II."

R-3: ACTUARIAL THINK TANK: INTERNATIONAL TRAVEL INSURANCE

Facilitator: Kristen Dardia

In this roundtable participants will carry on a discussion on the issues raised during this prior concurrent session: In this interactive session, participants will act as actuarial teams to expand into the International Travel Insurance Market for personal lines. Each team will be responsible for developing the pricing strategy for one of five different coverages.

R-4: IMPORTANCE OF A DIVERSE ACTUARIAL WORKFORCE

Facilitators: Paul Kinson, Kuda Chibanda

Hosted by the new CAS/SOA Joint Committee on Inclusion, Equity and Diversity, this roundtable will discuss common unconscious biases in the hiring process and tactics to counteract these biases. Hiring managers as well as mid-level employees are encouraged to join the discussion. Attendees are invited to join us at a reception for the International Association of Black Actuaries and Organization of Latino Actuaries and their allies immediately following the session.

R-5: RECESSION LIKELY: EXPECT A BEND IN TREND LINES

Facilitator: Gail Tverberg

In this roundtable participants will carry on a discussion on the issues raised during this prior concurrent session: It has been roughly 11 years since the last recession. There seems to be a substantial chance that the world will head into another major recession in the near term. This session will explain some of the mechanisms involved and the likely impacts on insurance companies.

R-6: DATA SCIENCE: THE CHANGING ROLE OF A PRICING ACTUARY - REGISTRATION FULL

Facilitator: Greg Frankowiak

In this roundtable participants will carry on a discussion on the issues raised during this prior concurrent session: The insurance industry is undergoing a transformation and actuaries get to be in the driver's seat of this data-driven, technology revolution. Actuaries have the perfect background to contribute in this journey.

R-7: THE NEW ASSOCIATE'S PERSPECTIVE: ADVANCING YOUR CAREER THROUGH THE CAS

Facilitators: Kimberly Guerriero, Noah Williams

New Associates discuss their decisions to pursue careers in P&C and offer the CAS advice on positioning itself as the best career path for aspiring actuaries, improving its connection to exam candidates and better engaging new members in the CAS community. Limited to New Associates only.

 

General sessions

MONDAY

ACTUARIAL CHALLENGES AROUND THE WORLD

The contexts in which property/casualty actuaries operate can vary widely from place to place, and from time to time. Cultural, legal, economic and regulatory environments; Catastrophe exposure; Market size, stage of development, and competitive dynamics; Data availability and quality; Development of the actuarial profession -- all these dimensions affect the conduct and delivery of our work in important ways. In this session we will explore these effects; and how they relate to similarities and differences in the roles, activities, and work products of property/casualty actuaries around the world. The panel will feature three panelists from distinct environments to illustrate; to compare and contrast; to discuss some of the unique characteristics and issues in their environment; and to explore the implications for actuaries and for the actuarial profession.

Panelists:
Jefferson Gibb, Vice President, Actuaries Institute (Australia)
Marc Tardif, President, Canadian Institute of Actuaries
Dehong “Derek” Xu, Chairman/CEO, Liberty Insurance China
Ana María Ramírez Lozano, President, Colegio Nacional de Actuarios (CONAC)

TUESDAY

ACTUARIAL JUDGMENT: DRAWING THE LINE

Actuaries do not work in a vacuum, and whether they serve customers within their own company or external clients, the client will invariably have feedback on the actuary’s work product. Recent US tax court cases and class action lawsuits naming actuaries have shed new light on this issue. Panelists will draw on their decades of actuarial experience to consider issues such as to what extent are actuaries required to consider client feedback and/or qualitative or anecdotal information in their assumptions and judgments? To what extend should actuaries consider this information, whether required or not? Between feedback that is clearly innocuous and interactions that are clearly designed to pressure an actuary into biasing their assumptions, there is a gray area. At what point have you crossed the line from making independent judgmental adjustments to being coopted? How can you tell exactly where that line is and what can you do if you fear you have inadvertently crossed it?

Panelists:
Joseph Herbers, Managing Principal, Pinnacle Actuarial Resources
Deborah Rosenberg, Vice Chairperson, Actuarial Board for Counseling & Discipline
Scott Weinstein, Principal, KPMG

INNOVATIONS CONTRIBUTION TO FINANCIAL STRENGTH

“It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is most adaptable to change.” - Charles Darwin

Innovation is how we adapt to change and with the increased pace of change in our world, A.M. Best is proposing a new rating criteria on innovation.

The first speaker will comment on innovations that he observed in the industry and innovation trends.

The second speaker will provide a high-level overview of how A.M. Best rates companies and where this innovation criteria would fit in. He will also mention the proposed timeline for this criteria release.

Both will share positive and negative comments received about this proposal. Aon, as provider of rating agency services for clients, and A.M. Best, from their request for comments.

They will conclude by predicting how the industry may look like in a few years, transformed by innovation.

Moderator:
Benoit Carrier, Managing Director, Aon
Panelists:
Greg Heerde, Head of Americas Analytics, Aon
Jim Gillard, Executive Vice President & Chief Operating Officer, AM Best

WEDNESDAY

HAWAIIAN INSURER PANEL

Hawaii faces a variety of unique challenges from an insurance company's perspective. For example, catastrophic risks such as hurricane and volcanic eruption affect the entire state. This session will discuss some of the challenges faced by a workers’ compensation carrier as well as two insurance companies writing diversified books of personal and commercial lines. Likely topics of discussion include the following:

  • Comparisons to other state regulatory environments, including a discussion of Hawaii’s unique auto insurance laws that prohibit rating variables proven to be effective in other states;
  • Insights on lava exposure in Hawaii, discussing the lack of modeling information to determine pricing, interesting reinsurance issues related to this peril, and oddities in the settlement of claims;
  • Unusual dynamics and partnerships resulting from several property insurers writing hurricane-only policies, while other companies write all perils excluding hurricane;
  • The impact of recent Hawaii hurricane model updates from some of the key catastrophe modelers which drastically increased the tail risk in these models;
  • Current issues impacting workers compensation; and
  • Other unique issues faced by Hawaiian insurers, such as the general challenge of insuring risks in one of the most geographically isolated places on earth.

Moderator:
Guy Avagliano, Principal and Consulting Actuary, Milliman
Panelists:
Jeffrey Grimmer, Vice President & Treasurer, First Insurance Company of Hawaii
Michael Onofrietti, SVP , Actuarial, Product Management & Development, Island Insurance Company
Martin Welch, CEO, Hawaii Employers' Mutual Insurance Company

 

Schedule

(tentative and subject to change)

SUNDAY, NOVEMBER 10

3:00 p.m.–6:30 p.m.

Registration

5:00 p.m.–6:30 p.m.

Recognition Reception for New Associates and their Spouses/Guests (including New ACAS Group Photo Session)

6:30 p.m.–7:30 p.m.

Welcome Reception

MONDAY, NOVEMBER 11

7:00 a.m.–4:30 p.m.

Registration

7:00 a.m.–8:30 a.m.

Continental Breakfast & Exhibits

8:00 a.m.–8:45 a.m.

Celebration of New Members
All meeting attendees are invited and encouraged to attend this session — come celebrate the achievements of new CAS members!

8:45 a.m. – 9:15 a.m.

Refreshment Break & Exhibits

8:45 a.m. – 9:15 a.m.

New Member Group Photo Session (FCAS, CERA)

9:15 a.m.–10:15 a.m.

Featured Speaker

10:15 a.m. – 11:00 a.m.

Presidential Address and Business Session

11:00 a.m. – 11:30 a.m.

Refreshment Break & Exhibits

11:30 a.m. – 12:45 p.m.

General Session I

12:45 p.m. – 1:45 p.m.

Luncheon

1:45 p.m. – 2:35 p.m.

Concurrent Sessions 1

2:35 p.m. – 2:55 p.m.

Transition Break

2:55 p.m. – 3:45 p.m.

Concurrent Sessions 2

3:45 p.m. – 4:15 p.m.

Refreshment Break

4:15 p.m. – 5:05 p.m.

Concurrent Sessions 3

5:30 p.m. – 6:30 p.m.

Officers' Reception for New Fellows and their Spouses/Guests

~~~ Remainder of Evening is Free to Enjoy ~~~

TUESDAY, NOVEMBER 12

7:00 a.m.–12:15 p.m.

Registration

7:00 a.m.–9:00 a.m.

Continental Breakfast & Exhibits

8:00 a.m.–9:15 a.m.

General Session II

8:00 a.m.–9:15 a.m.

General Session III

8:40 a.m.–4:15 p.m.

Student Program

9:15 a.m.–9:35 a.m.

Transition Break

9:35 a.m.–10:25 a.m.

Concurrent Sessions 4

10:25 a.m.–10:55 a.m.

Refreshment Break & Exhibits

10:55 a.m.–11:45 a.m.

Concurrent Sessions 5

11:45 a.m.– 12:05 p.m.

Transition Break

12:05 p.m.– 12:55 p.m.

Concurrent Sessions 6

12:55 p.m.– 2:30 p.m.

Lunch on Your Own

2:30 p.m.– 3:30 p.m.

Roundtable Discussions

2:40 p.m.– 3:30 p.m.

Additional Concurrent Session

3:30 p.m.– 5:00 p.m.

Diversity Reception

4:40 p.m.– 5:30 p.m.

Special Concurrent Session

6:00 p.m.– 9:00 p.m.

Tuesday Buffet Dinner

WEDNESDAY, NOVEMBER 13

7:00 a.m. – 11:30 a.m.

Registration

7:00 a.m. – 9:00 a.m.

Continental Breakfast & Exhibits

8:00 a.m. – 8:50 a.m.

Concurrent Sessions 7

8:50 a.m. – 9:10 a.m.

Transition Break

9:10 a.m. – 10:00 a.m.

Concurrent Sessions 8

10:00 a.m. – 10:30 a.m.

Refreshment Break & Exhibits

10:30 a.m. – 11:45 a.m.

General Session IV & Adjournment

 

Receptions and roundtables

The CAS will be offering seven roundtables on Tuesday, November 12, from 2:30 - 3:30 p.m. They are limited to 15 participants each, except for Roundtables 4 (50 participants) and 7 (30 participants). If you are interested in participating, please review this list of facilitators and topics. You may only pick one roundtable and we will honor the first 15 that register in each one, after which the registration for that roundtable will be closed.

Register

Take advantage of this opportunity to discuss a real-world challenge and earn CE credits. Space is limited. First-come, first-served.

This is only available to Annual Meeting registrants.

R-1: UNIVERSITY ENGAGEMENT: TRAINING ACTUARIES IN THE REAL WORLD

Facilitator: Erich Brandt

In this roundtable participants will carry on a discussion on the issues raised during this prior concurrent session: A panel of actuaries passionate about education will discuss the various roles they have in training university students to become future actuaries. The panel will describe methods of engaging college students to prepare them for the actuarial profession.

R-2: THE BIG SHORT, PART II

Facilitator: Robert Anderson

In this roundtable participants will carry on a discussion on the issues raised during this prior concurrent session: It's been over a decade since the 2008 financial crisis, yet, the entire developed world hasn't ever really recovered economically. Was there more to the crisis that we still don't fully understand? If so, are we any more prepared now than we were then for the economic risks we face today? This is "The Big Short, Part II."

R-3: ACTUARIAL THINK TANK: INTERNATIONAL TRAVEL INSURANCE

Facilitator: Kristen Dardia

In this roundtable participants will carry on a discussion on the issues raised during this prior concurrent session: In this interactive session, participants will act as actuarial teams to expand into the International Travel Insurance Market for personal lines. Each team will be responsible for developing the pricing strategy for one of five different coverages.

R-4: IMPORTANCE OF A DIVERSE ACTUARIAL WORKFORCE

Facilitators: Paul Kinson, Kuda Chibanda

Hosted by the new CAS/SOA Joint Committee on Inclusion, Equity and Diversity, this roundtable will discuss common unconscious biases in the hiring process and tactics to counteract these biases. Hiring managers as well as mid-level employees are encouraged to join the discussion. Attendees are invited to join us at a reception for the International Association of Black Actuaries and Organization of Latino Actuaries and their allies immediately following the session.

R-5: RECESSION LIKELY: EXPECT A BEND IN TREND LINES

Facilitator: Gail Tverberg

In this roundtable participants will carry on a discussion on the issues raised during this prior concurrent session: It has been roughly 11 years since the last recession. There seems to be a substantial chance that the world will head into another major recession in the near term. This session will explain some of the mechanisms involved and the likely impacts on insurance companies.

R-6: DATA SCIENCE: THE CHANGING ROLE OF A PRICING ACTUARY - REGISTRATION FULL

Facilitator: Greg Frankowiak

In this roundtable participants will carry on a discussion on the issues raised during this prior concurrent session: The insurance industry is undergoing a transformation and actuaries get to be in the driver's seat of this data-driven, technology revolution. Actuaries have the perfect background to contribute in this journey.

R-7: THE NEW ASSOCIATE'S PERSPECTIVE: ADVANCING YOUR CAREER THROUGH THE CAS

Facilitators: Kimberly Guerriero, Noah Williams

New Associates discuss their decisions to pursue careers in P&C and offer the CAS advice on positioning itself as the best career path for aspiring actuaries, improving its connection to exam candidates and better engaging new members in the CAS community. Limited to New Associates only.