2019 Casualty Actuaries in Reinsurance (CARe) Reinsurance Boot Camp on Pricing Techniques

PROGRAM DESCRIPTION

This two-day seminar is intended to fill a void in intermediate level reinsurance education. The program will start with a review of reinsurance structures, including a discussion of how those programs can be tailored to meet the needs of clients and the issues that some structures create for reinsurers. This presentation will also cover pricing prorata reinsurance. The next set of sessions will review excess of loss experience and exposure rating for both property and casualty. Another session will discuss methods for determining aggregate distributions, how those distributions are used to analyze loss sensitive treaty features, and the key issues encountered during this process.

The next set of sessions will review line of business specific issues and pricing approaches. Areas covered will include property catastrophe modeling, professional liability, and workers compensation.

The 2019 Casualty Actuaries in Reinsurance (CARe) Reinsurance Boot Camp on Pricing Techniques planned sessions will cover a variety of topics, including:

• Review of reinsurance structures and pricing pro-rata treaties
• Experience rating
• Property and casualty exposure rating
• Evaluating loss sensitive treaty terms
• Catastrophe modeling
• Workers compensation pricing
• Professional liability pricing

INTENDED AUDIENCE

The target audience includes mid-level reinsurance actuaries, experienced non-reinsurance actuaries seeking to expand their skills, and quantitatively oriented underwriters and brokers who are looking to increase their understanding of reinsurance pricing techniques. Sessions will be at an intermediate track level, but will include many advanced concepts.

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.

This activity may qualify for CE Credits for the Reinsurance Bootcamp Limited Attendance Seminar 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 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.