Event Details
Virtual Conference
08/21/2020
About This Event
This year the Casualty Actuarial Society and the American Academy of Actuaries are proud to present the Casualty Loss Reserve Seminar as a completely virtual event, September 15-17, 2020.
Tuesday, September 15
9:30 a.m. – 1:00 p.m. Eastern Time (Workshops only; separate registration required)
2:00 p.m. - 6:30 p.m. Eastern Time
Wednesday, September 16
8:30 a.m. – 6:30 p.m. Eastern Time
Thursday, September 17
8:30 a.m. – 5:30 p.m. Eastern Time
This year the Casualty Actuarial Society and the American Academy of Actuaries are proud to present the Casualty Loss Reserve Seminar as a completely virtual event, September 15-17, 2020. This virtual meeting has opportunities for education, networking, and meeting with exhibitors, all within an immersive environment designed to make you feel like you are at an in-person meeting -- all with no travel, no additional expenses, and from the convenience of your own desk.
The CLRS planning committee has developed a fantastic program with a variety of educational opportunities that span across three days! CLRS provides a forum for presenting and discussing significant issues in loss reserving. The program includes a range of topics of interest to professionals and students in a variety of related disciplines. Moreover, the seminar meets the continuing education needs of actuaries and other professionals whose responsibilities include loss reserving. Attendees will leave CLRS better able to understand, evaluate and estimate loss reserves.
The seminar is recommended for:
- Risk and insurance managers
- Actuaries
- Actuarial students
- Accountants
- Underwriters
- Insurance regulators, etc.
Generally, no advanced preparation, previous education, work experience, or background knowledge are required, unless specifically stated within a particular session description.
CLRS VIRTUAL SEMINAR FEATURES
Lobby – This virtual hall will be your hub to all aspects of the event, including:
- Education Sessions – Sessions will take place in a webinar-like theater
- Exhibit Hall – Connect with virtual exhibitors, view their materials, chat one-on-one with company reps, and enter to win a prize in the exhibitor raffle
- Lounge – Network with other attendees at the virtual seminar, chat about specific topics, or give your impressions of the sessions
- Resources – Download presentation materials for you to use in your work
- Help Desk – Get all your technical support questions answered at the staffed help desk
Also, participate in the badge game! Badges are given for being the most engaging attendee at the seminar. Compete with other attendees on the leaderboard!
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
CPCU
Chartered property casualty underwriters (CPCUs) attending this year’s Casualty Loss Reserve Seminar will be awarded a maximum of 10 points under the Continuing Professional Development Program for CPCUs. Forms to receive credit will be available at the seminar.Â
CAS
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 15.3 CE credits for the CLRS Virtual Seminar for CAS members (more if you include the virtual roundtables). 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.
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.
VIRTUAL SEMINAR RECORDINGS
Recordings of the seminar are available to attendees for the day that they sign up for. They will be available on the platform for 90 days and then on UCAS for five years. Virtual Seminar attendees will get a discount of $50 for the other days’ recordings they did not register to attend live.
For those that do not register for the seminar, recordings will be $90/day and $150 for the full event.
SPEAKER OPINIONS
The opinions expressed by speakers at this event are their own and do not necessarily reflect the opinions of the CAS.
CONTACT INFORMATION
For more information on CLRS Virtual Seminar content, please contact David Core at dcore@casact.org.
For more information on attendee registration, please email arc@casact.org.
For more information on the CLRS 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 at (703) 276-3100 or visit the CAS website.
Registration is closed.
VIRTUAL WORKSHOPS (TUESDAY, SEPTEMBER 15)
Registration is closed.
The CLRS will feature optional pre-seminar half-day virtual workshops on Tuesday. The workshops are designed to be highly interactive, hands-on and more in-depth than a traditional seminar session and are limited in attendance. The committee has designed dynamic workshops covering the following topics:
Half Day Virtual Workshops: (9:30 a.m. – 1:00 p.m., Eastern)
- Workshop 1: Bayesian Inference and Reserving Models
- Workshop 2: IFRS 17 - The Basics and Beyond
- Workshop 3: Maximizing the Value of Your Actuarial Report and Opinion
NOTE: The workshops require a separate registration. Registration for a workshop does not mean registration for any part of the Casualty Loss Reserve Seminar. Registration for the Casualty Loss Reserve Seminar does not mean registration for a workshop. If you wish to attend a workshop and the Seminar, you must register separately for BOTH events.
WORKSHOP REGISTRATION FEES
|
|
EARLY REG. FEE BYAUGUST 21, 2020 |
LATE REG. FEE AFTER AUGUST 21, 2020 |
|
Tuesday workshop only |
$175 |
$275 |
CASUALTY LOSS RESERVE SEMINAR (SEPTEMBER 15-17)
The Seminar includes the educational program, access to the virtual Exhibit Hall, and the opportunity to participate in virtual roundtables and virtual receptions on the day you select to register in addition to Tuesday from 2:00 – 6:30 p.m. You must select either the one-day registration option or the full event option. If the one-day option, you must select Wednesday or Thursday; either one-day option includes Tuesday afternoon.
SEMINAR REGISTRATION FEES
Registration is closed.
|
|
EARLY REG. FEE BYAUGUST 21, 2020 |
LATE REG. FEE AFTER AUGUST 21, 2020 |
|
INDIVIDUAL ONE-DAY REGISTRATION OPTION |
||
|
CAS/ICAS/AAA Member, Subscriber, Active Candidate* |
$300 |
$400 |
|
CAS Member Government Employee |
$150 |
$250 |
|
CAS Academic Central Member ** |
$0 |
$0 |
|
Non-Member |
$500 |
$600 |
|
Non-Member Government Employee |
$250 |
$350 |
|
INDIVIDUAL FULL EVENT REGISTRATION OPTION |
||
|
CAS/ICAS/AAA Member, Subscriber, Active Candidate* |
$550 |
$650 |
|
CAS Member Government Employee |
$250 |
$350 |
|
CAS Academic Central Member ** |
$0 |
$0 |
|
Non-Member |
$750 |
$850 |
|
Non-Member Government Employee |
$350 |
$450 |
* An Active Candidate is a non-CAS member who has attempted at least one actuarial exam in the last two years.
** Limited to Members of CAS Academic Central for up to three national CAS meetings or seminars each year.
BULK DISCOUNT FOR 6 PARTICIPANTS FROM SAME ORGANIZATION
If your organization has 6 employees who would like to participate in the Virtual CLRS Seminar, please go to the Discounted Group Registration page.
Note Regarding Fees: All fees will increase by $100 for registrations received after August 21, 2020. The CAS will send confirmations to all registrants prior to the meeting. A complete registration form and fee schedule is included.
All registrations must be received by midnight September 9, 2020 in order to participate in this virtual event.
VIRTUAL WORKSHOPS (TUESDAY, SEPTEMBER 15)
Registration is closed.
The CLRS will feature optional pre-seminar half-day virtual workshops on Tuesday. The workshops are designed to be highly interactive, hands-on and more in-depth than a traditional seminar session and are limited in attendance. The committee has designed dynamic workshops covering the following topics:
Half Day Virtual Workshops: (9:30 a.m. – 1:00 p.m., Eastern)
- Workshop 1: Bayesian Inference and Reserving Models
- Workshop 2: IFRS 17 - The Basics and Beyond
- Workshop 3: Maximizing the Value of Your Actuarial Report and Opinion
NOTE: The workshops require a separate registration. Registration for a workshop does not mean registration for any part of the Casualty Loss Reserve Seminar. Registration for the Casualty Loss Reserve Seminar does not mean registration for a workshop. If you wish to attend a workshop and the Seminar, you must register separately for BOTH events.
WORKSHOP REGISTRATION FEES
|
|
EARLY REG. FEE BYAUGUST 21, 2020 |
LATE REG. FEE AFTER AUGUST 21, 2020 |
|
Tuesday workshop only |
$175 |
$275 |
CASUALTY LOSS RESERVE SEMINAR (SEPTEMBER 15-17)
The Seminar includes the educational program, access to the virtual Exhibit Hall, and the opportunity to participate in virtual roundtables and virtual receptions on the day you select to register in addition to Tuesday from 2:00 – 6:30 p.m. You must select either the one-day registration option or the full event option. If the one-day option, you must select Wednesday or Thursday; either one-day option includes Tuesday afternoon.
SEMINAR REGISTRATION FEES
Registration is closed.
|
|
EARLY REG. FEE BYAUGUST 21, 2020 |
LATE REG. FEE AFTER AUGUST 21, 2020 |
|
INDIVIDUAL ONE-DAY REGISTRATION OPTION |
||
|
CAS/ICAS/AAA Member, Subscriber, Active Candidate* |
$300 |
$400 |
|
CAS Member Government Employee |
$150 |
$250 |
|
CAS Academic Central Member ** |
$0 |
$0 |
|
Non-Member |
$500 |
$600 |
|
Non-Member Government Employee |
$250 |
$350 |
|
INDIVIDUAL FULL EVENT REGISTRATION OPTION |
||
|
CAS/ICAS/AAA Member, Subscriber, Active Candidate* |
$550 |
$650 |
|
CAS Member Government Employee |
$250 |
$350 |
|
CAS Academic Central Member ** |
$0 |
$0 |
|
Non-Member |
$750 |
$850 |
|
Non-Member Government Employee |
$350 |
$450 |
* An Active Candidate is a non-CAS member who has attempted at least one actuarial exam in the last two years.
** Limited to Members of CAS Academic Central for up to three national CAS meetings or seminars each year.
BULK DISCOUNT FOR 6 PARTICIPANTS FROM SAME ORGANIZATION
If your organization has 6 employees who would like to participate in the Virtual CLRS Seminar, please go to the Discounted Group Registration page.
Note Regarding Fees: All fees will increase by $100 for registrations received after August 21, 2020. The CAS will send confirmations to all registrants prior to the meeting. A complete registration form and fee schedule is included.
All registrations must be received by midnight September 9, 2020 in order to participate in this virtual event.
If you are interested in registering six (or more) of your employees for the full Virtual Casualty Loss Reserve Seminar, we have discount pricing as listed below! Please note that the only discount will be for the full event, though it will apply to both CAS members and non-members.
|
Reg Types |
Normal Price |
Discounted Price |
|
6 bulk - full event only |
$3,300 |
$2,750 |
|
12 bulk - full event only |
$6,600 |
$5,500 |
|
18 bulk - full event only |
$9,900 |
$8,250 |
|
24 bulk - full event only |
$13,200 |
$11,000 |
Once a bulk registration is purchased, the purchaser will be emailed a discount code unique to their organization. This discount code will allow that organization’s employees (in increments of six) to self-register for the Virtual Casualty Loss Reserve Seminar for free. Specific registration details will be provided with the discount code.
REGISTER
Instructions
For the employer to obtain this code, they will need to:
1. Login to CAS Store
2. One representative from an organization registers for the quantity of bulk registrations (in multitudes of 6), add to cart, and complete the purchase.
3. The representative will receive an email from the CAS with the discount code to distribute to the correlated number of employees (if purchasing a bulk of 6, you will distribute the code to 6 employees; if purchasing a bulk of 12, you will distribute the code to 12 employees, etc.)
Once an Employer has the code and distributed it to the appropriate number of employees, individual employees should:1. Login to CAS Store to register for the Casualty Loss Reserve Seminar
2. Add Full Event Individual Registration to the cart, regardless of price shown.
3. Apply the discount code - this will give them a zero balance fee
4. Click next until they ‘Submit Order’ and receive a confirmation email
5. A confirmation email will be issued upon completion of registration. Another email will follow closer to the event date that will include login instructions.
Individuals may find this sample registration video helpful: https://www.pathlms.com/cas/courses/10996/video_presentations/127432
John Wade, Chairperson
Rachel Dolsky, Vice Chairperson
Kevin Donnelly, Vice Chairperson
Justin Ahn
Peter Brinck
Paige DeMeter
David Foley
William Hansen
Lise Hasegawa
Michael Henk
Alan Hines
Chris Holt
Matthew Killough
Debbie King
Charles Lei
Bonnie Maxie
Laura Maxwell
Josh Merck
Chandu Patel
Susan Pino
Anwesha Prabhu
Ric Ramotar
Vera Sakalova
Sophia Song
Greg Spindell
Abby Sternberg
Stephen Talley
Peter Tomopoulos
Sylvia Yang
Likang Zhang
Marc Rosenberg, AAA Staff Liaison
Rich Gibson, AAA Casualty Fellow
Kathleen Dean, CAS Staff Liaison
David Core, CAS Staff Liaison
MURLI BULUSWAR
Head of Analytics & Information Management for Citigroup & Former Chief Science Officer at AIG
Murli Buluswar is an analytical and strategic C-Suite Financial Services Leader, successful in building alignment and achieving commercial success by harnessing data-driven decision-making. He is adept at challenging talent, and achieving financial outcomes and cultural evolution by collaborating and developing data & technology driven solutions. Murli’s experience is in simplifying and surgically automating business processes, while guiding business model innovation. As a former member of The Operating Committee of a Fortune 100 firm, he is skilled at influencing board members and senior leaders to expand innovative thinking, lead execution, and build relevance in a world of data and digital innovation. Murli has inspired the strategy of a large global organization in a mature industry, helping reduce operating costs, improve loss ratios, and increase sales on the basis of deeper understanding of operations.
Effective May 2019, Murli is The Head of U.S. Consumer Analytics at Citi, leading a team of 500+ analytics professionals to support Citi’s vision to build a best in class digital marketing consumer bank. In this capacity, Murli’s team is on a mission to ‘accelerate the speed and granularity of customer insights by harnessing the power of real time insights and machine learning algorithms.’
For the two years prior, Murli was a Senior Advisor to The Boston Consulting Group and two startups. He helped shape clients’ ability to retool decision making powered by industrialized data driven insights.
As the former Chief Science Officer for AIG, he built a (data) science team on a mission to ‘serve as a catalyst for consistent evidence-based decision making at AIG.’ Science served as a data driven internal change management team by assembling a complementary set of capabilities in: problem structuring, data engineering, data science, and application development. It has tapped into these competencies and harnessed AIG’s data assets to implement analytical insights.
Murli’s prior experiences include insurance roles at Progressive (Product Manager), and Farmers Insurance (Head of Insight & Innovation). He began in career at Capital One as a statistician, and has an academic background in Economics & Statistics (Auburn University) and an MBA from The University of Chicago Booth School of Business.
In Los Angeles, Murli joined the Board of The Harmony Project, a not-for-profit whose mission is to help underprivileged children in LA gain purpose through free music instruction. Having moved to the east coast, he is now on the NYC Tri-state Board of Pratham, whose mission is to help educate underprivileged children in India. He lives in Tenafly, NJ with his family, and in addition to multiple sports, is an avid strategy board game player.
Gain company exposure among approximately 400 attendees by sponsoring/exhibiting at Casualty Actuarial Society's interactive Virtual Casualty Loss Reserve Seminar (CLRS) & Workshops. This year's Virtual CLRS provides a variety of sponsorship opportunities at various levels which will give your company exposure to key decision-makers of various industries. This event brings attendees opportunities for education, networking, and meeting with exhibitors, all in an immersive environment designed to make attendees feel as if they are attending an in-person meeting — all with no travel, no additional expenses, and from the convenience of your own desk.
If you are interested in sponsoring/exhibiting at this event or need more information, please contact Clarisa Figueroa at (703) 562-1722 or by email cfigueroa@casact.org.
https://www.casact.org/education/clrs/2020/Final_CLRS-SPONSOR_AND_EXHIBITOR_PROSPECTUS.pdf
https://www.casact.org/education/clrs/2020/Sponsored_Luncheons.pdf
https://www.casact.org/education/clrs/2020/LOA_Name.pdf
https://www.casact.org/education/clrs/2020/LOA_Org.pdf
CORONAVIRUS AND BEYOND: SECULAR AND CYCLICAL FORCES COMING TOGETHER TO ALTER THE P/C INDUSTRY
The presentation will address Dowling’s current thoughts on COVID-19 and the related effects on the (re)insurance market from both a loss / reserving and market conditions perspective. By itself, COVID-19 is likely to be the largest (re)insured loss in the last 30+ years. When combined with a number of other secular changes and cyclical pressures, the P/C (re)insurance is poised for meaningful change. We’ll explore the various moving pieces and where we expect to go from here."
Speaker:
Kyle LaBarre, Equity Research Analyst & Partner, Dowling & Partners
AN INSIDER'S VIEW OF RESHAPING OUR DISRUPTED INDUSTRY
The Institutes is the premier knowledge provider to those interested in risk management and insurance. As its President/CEO, Pete Miller has a unique view of all parts of risk management and insurance. This wide-ranging discussion will focus on both the short and long term direction of the industry and will include discussions about how COVID, technology, regulation and economics will help shape the future of actuaries and other jobs going forward.
Speaker:
Peter Miller, President/CEO, The Institutes
VIRTUAL WORKSHOPS (TUESDAY, SEPTEMBER 15)
(See Note - Additional Registration and Fee required)
The CLRS will feature optional pre-seminar half-day virtual workshops on Tuesday. The workshops are designed to be highly interactive, hands-on and more in-depth than a traditional seminar session and are limited in attendance. The committee has designed dynamic workshops covering the following topics:
Half Day Virtual Workshops: (9:30 a.m. – 1:00 p.m., Eastern)
- Workshop 1: Bayesian Inference and Reserving Models
- Workshop 2: IFRS 17 - The Basics and Beyond
- Workshop 3: Maximizing the Value of Your Actuarial Report and Opinion
NOTE: The workshops require a separate registration. Registration for a workshop does not mean registration for any part of the Casualty Loss Reserve Seminar. Registration for the Casualty Loss Reserve Seminar does not mean registration for a workshop. If you wish to attend a workshop and the Seminar, you must register separately for BOTH events.
WORKSHOP 1: BAYESIAN INFERENCE AND RESERVING MODELS
This workshop is designed for actuaries who want a hands-on practical introduction to building reserving models using Bayesian inference. We will start with an approachable introduction to Bayesian inference. Next, we will review the underlying assumptions behind several popular reserving methods then use a combination of R and Stan (open source Bayesian estimation and simulation software) to build these and new reserving models using Bayesian techniques. This is not a mathematically intensive session. The focus will be on understanding, testing and changing the underlying model assumptions.
Workshop Leaders:
Steve Lienhard, Senior Vice President, Guy Carpenter
Daniel Mitte, Vice President, Guy Carpenter
WORKSHOP 2: IFRS 17 - THE BASICS AND BEYOND
Brief background and overview of IFRS 17 concepts along with a deeper dive into some of the more complex issues.
Workshop Leader:
Marc Oberholtzer, Principal, PricewaterhouseCoopers
WORKSHOP 3: MAXIMIZING THE VALUE OF YOUR ACTUARIAL REPORT AND OPINION
Your actuarial opinion and reports are reviewed and analyzed for appropriateness to different stakeholders, including company management, auditors, regulators, court officials and jurors. Each group has different needs for information and you will want to be able to communicate effectively to all.
This workshop will deepen your expertise on the latest requirements for P&C Statements of Actuarial Opinions with a review of actuarial qualification standards, standards of practice and interactive case studies.
In the day-long session, the workshop will offer attendees the opportunity to:
- Gain an understanding of regulatory/company/auditor perspectives and expectations.
- Remain up to date on the latest regulations and standards.
- Delve deeper into subjects such as RMAD, ranges, documentation, data and report writing.
- Focus on communicating effectively to various stakeholder groups.
Workshop Leaders:
Derek Freihaut, Principal and Consulting Actuary, Pinnacle Actuarial Resources
Kathleen Odomirok, Principal, Ernst & Young
Michael Toothman, Owner and Consultant, Actuarial & Risk Services
(Tentative and subject to change)
All times listed are Eastern Time.
|
TUESDAY, SEPTEMBER 15 |
|
|
9:30 a.m. - 1:00 p.m. |
Virtual Workshops (requires separate registration) |
|
1:00 p.m. - 2:00 p.m. |
Network with Exhibitors/Break |
|
2:00 p.m. - 3:30 p.m. |
Business Session, First General Session |
|
3:30 p.m. - 4:15 p.m. |
Network with Exhibitors/Break |
|
4:15 p.m. - 5:30 p.m. |
Concurrent Sessions 1 (5) |
|
5:30 p.m. – 6:30 p.m. |
Virtual Reception (open to all attendees of the Seminar) |
|
5:40 p.m. – 6:30 p.m. |
Virtual Roundtables (requires separate registration) |
|
WEDNESDAY, SEPTEMBER 16 |
|
|
8:30 a.m. - 10:00 a.m. |
Network with Exhibitors |
|
8:40 a.m. - 9:30 a.m. |
Virtual Roundtables (requires separate registration) |
|
10:00 a.m. - 11:15 a.m. |
Concurrent Sessions 2 (5) |
|
11:15 a.m. - 12:00 p.m. |
Network with Exhibitors/Break |
|
12:00 p.m. - 1:15 p.m. |
Featured Speaker, Murli Buluswar |
|
1:15 p.m. - 2:15 p.m. |
Network with Exhibitors/Break |
|
2:15 p.m. - 3:30 p.m. |
Concurrent Sessions 3 (5) |
|
3:30 p.m. - 4:15 p.m. |
Network with Exhibitors/Break |
|
4:15 p.m. - 5:30 p.m. |
Concurrent Sessions 4 (5) |
|
5:30 p.m. – 6:30 p.m. |
Virtual Reception (open to all attendees of the Seminar) |
|
5:40 p.m. – 6:30 p.m. |
Virtual Roundtables (requires separate registration) |
|
THURSDAY, SEPTEMBER 17 |
|
|
8:30 a.m. - 10:00 a.m. |
Network with Exhibitors |
|
8:40 a.m. - 9:30 a.m. |
Virtual Roundtables (requires separate registration) |
|
10:00 a.m. - 11:15 a.m. |
Concurrent Sessions 5 (5) |
|
11:15 a.m. - 12:00 p.m. |
Network with Exhibitors/Break |
|
12:00 p.m. - 1:15 p.m. |
Second General Session |
|
1:15 p.m. - 2:15 p.m. |
Network with Exhibitors/Break |
|
2:15 p.m. - 3:30 p.m. |
Concurrent Sessions 6 (5) |
|
3:30 p.m. - 4:15 p.m. |
Network with Exhibitors/Break |
|
4:15 p.m. - 5:30 p.m. |
Concurrent Sessions 7 (5) |
The virtual CLRS will have virtual receptions (schedule coming soon) on Tuesday and Wednesday nights open to any registered Seminar attendee. You will have the opportunity to video chat with others in reception rooms that are "themed." Advance registration required. More on this later.
VIRTUAL ROUNDTABLES
TUESDAY, SEPTEMBER 15
5:40 p.m. – 6:30 p.m.
WEDNESDAY, SEPTEMBER 16
8:40 a.m. - 9:30 a.m.
5:40 p.m. – 6:30 p.m.
THURSDAY, SEPTEMBER 17
8:40 a.m. - 9:30 a.m.
NO CHARGE
We are continuing with the popular, free, optional roundtable discussions that enable you to add to your Continuing Education credits. This time they will be virtual so you may share your webcam and comment verbally or by chat. The CAS will be offering 13 roundtables from Tuesday afternoon, September 15, to Thursday morning, September 17. They are limited to 20 participants each.
At these discussions, speaker(s) will share for 20-30 minutes on particular topics and then allow the group to discuss, for a total of 50 minutes. All roundtable participants have the opportunity to join the discussion, share their ideas, seek advice from their peers, and explore solutions to challenges.
If you are interested in participating, please review this list of speakers and topics. You may only pick one roundtable in each time slot and we will honor the first 20 who register in each one, after which we will have a wait list.
TUESDAY, SEPTEMBER 15, 5:40 – 6:30 P.M.
-
- 1. WHAT'S THAT LINE? - INDUSTRY BENCHMARKING - FULL
Track: Line of Business
The speaker will discuss how they create and use industry benchmarks based on publicly available data in loss reserve analyses. There will also be discussion about professionalism considerations and documentation associated with using benchmark data. Audience participation will be encouraged through discussion of hypothetical loss reserving scenarios.Speakers:
Erich Brandt, Senior Consulting Actuary, Pinnacle Actuarial Resources, Inc.
Darcie Truttmann, Consulting Actuary, Pinnacle Actuarial Resources, Inc.
Moderator:
Sylvia Yang, Corporate Actuary, Farmers Insurance Group
- 1. WHAT'S THAT LINE? - INDUSTRY BENCHMARKING - FULL
2. WHAT IS THE LAST ASOP YOU READ
Track: Professional Development
The panelists will lead a discussion on various ASOPs based on audience responses to what is the last ASOP you read and other questions.Speakers:
Pat Teufel; Past President, CAS; University of Connecticut
Laura Maxwell, Senior Consulting Actuary, Pinnacle Actuarial Resources, Inc.
WEDNESDAY, SEPTEMBER 16, 8:40 – 9:30 A.M.
3. RECENT ENVIRONMENTAL LIABILITY TRENDS - FULL
Track: Other
This roundtable will share recent environmental industry loss experience and considerations in evaluating environmental liabilities. We will discuss industry outlook, new EPA sites and the potential impact of a change in administration.Speakers:
Terri Kremenski, Consulting Actuary, Willis Towers Watson
Kwame Davis, Manager, Willis Towers Watson
Moderator:
Paige DeMeter, Director, Actuarial Services, PricewaterhouseCoopers
4. MICHIGAN AUTO NO-FAULT REFORM
Track: Line of Business
Attendees will learn about the changes in Michigan personal auto lawSpeaker:
Lori McAllister, Attorney, Dykema Gossett PLLC
Moderator:
Lise Hasegawa, Vice President & Reserving Actuary, MetLife Auto & Home
WEDNESDAY, SEPTEMBER 16, 5:40 – 6:30 P.M.
5. CASE STUDIES IN MODERNIZING THE RESERVING FUNCTION - FULL
Track: Special Topics
Many insurers have instituted modernization of their reserving processes. In this round-table discussion, we will speak about the importance of strategic thinking and planning as well as engagement with stakeholders. We will discuss short-term and long-term planning, project management vs. business as usual (BAU), professionalism issues (including technical and peer review, documentation, etc.), and communications. I look forward to also exploring typical challenges that can arise and brainstorm about solutions.Speaker:
Jacqueline Friedland, President, J. Friedland Actuarial Consulting Inc.
Moderator:
Abby Sternberg, Consulting Actuary, Milliman, Inc.
6. RACIAL, ETHNIC AND GENDER EQUITY IN CALIFORNIA – LEADING-EDGE LEGISLATION AND THE IMPACT ON BODILY INJURY LOSS RESERVES
Track: Special Topics
California Senate Bill 41 took effect January 2020, supported by a nationwide campaign to reduce racial and gender disparities in litigation outcomes. It will increase the loss reserves needed for bodily injury reserves on California auto, homeowners, and general liability lines.
At present, the claims settlements underlying these reserves are influenced by tables that vary by gender and sometimes by race. Prohibition of “reductions” for race, ethnicity and gender is expected to impose a new floor on claims amounts. The audience will be presented with the example of a boy and a girl, who suffer permanent injury, along with the damages amounts currently calculated for each. The audience will debate disparate impact, on nominally neutral claims amounts.Speaker:
Craig Allen, Consulting Actuary, Craig A. Allen, FCAS
Moderator:
Chris Holt, Actuary, Alfa Insurance
7. RECENT DEVELOPMENTS IN ILS RESERVING
Track: Risk Management
Due to a series of major catastrophe events over the past three years, the insurance-linked securities market has gained a wealth of experience in refining its models of catastrophe loss development. It has also wrestled with the issue of trapped collateral, where contractual buffers against reserve variability can lead to investors’ collateral being held well past the expiration of the contract period and reduce their returns.
This year, the COVID-19 pandemic has produced another challenge for ILS reserving practices and introduced the industry to an entirely new type of catastrophe exposure. This roundtable will review some of the reserving lessons learned from recent loss activity in the ILS space, provide insight into the approaches and methodologies that companies and ILS funds are using to track COVID-19 impacts, and address any reserving topics associated with the ongoing 2020 hurricane season.Speakers:
Aaron Koch, Consulting Actuary, Milliman, Inc.
William Miller, Managing Director, Advisory, KPMG Bermuda
Moderator:
Matthew Killough, Principal & Consulting Actuary, Milliman
8. UPDATE OF AN OVERVIEW FOR P/C INSURERS’ AUDIT COMMITTEES
Track: Roundtable Discussions
This will be a discussion about COPLFR's revised version of the guide for Audit Committees. The content of the guide will be discussed as well as the best way to deliver this to audit committees.Speakers:
Brenda Hebert, Corporate Actuarial, Travelers
Kathleen Odomirok, Principal, EY
John Pierce, President, John Pierce Consulting Actuary
Moderator:
Lise Hasegawa, Vice President & Reserving Actuary, MetLife Auto & Home
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9. MORTGAGE INSURANCE - RESERVING IN THE MIDST OF A PANDEMIC
Track: Line of Business
Mortage Insurance is a segment of the P&C market unfamiliar to most actuaries. And yet, it plays an important role in the housing finance system. In addition to providing an introduction to mortgage insurance, this session will focus on:The current pandemic's impact on mortgage insurers.- Key differences in the economic landscape between the Global Financial Crisis of 2007-2008 and the 2020 COVID-19 crisis.
- Reserving techniques and frameworks utilized in estimate loss and premium provisions.
Speakers:
John Gaines, Chief Actuary, Arch Mortgage Insurance Company
Michael Schmitz, Principal and Consulting Actuary, Milliman, Inc.
Moderator:
Steve Talley, Lead Actuary - Legacy Pricing, Randall & Quilter Investment Holdings Ltd
10. PROFESSIONALISM: THE ROLES OF THE ASB AND THE ABCD
Track: Professional Development
The roundtable will provide an In-depth discussion of the distinct functions of both the ASB and the ABCD as well as illustrating the important role each plays in supporting the Profession.Speaker:
Albert J. Beer, Professor, St. John's University
Moderator:
Laura Maxwell, Senior Consulting Actuary, Pinnacle Actuarial Resources, Inc.
THURSDAY, SEPTEMBER 17, 8:40 A.M. - 9:30 A.M.
11. MEDICAL PROFESSIONAL LIABILITY
Track: Line of Business
Discuss large loss trend in Medical Professional Liability from both a severity and frequency standpoint. Potential drivers of Large Losses and areas of concern.Speakers:
Patricia Marzella Graubert, VP, Sr Professional Lines Treaty UW, Swiss Re
Arthur Randolph, Principal & Consulting Actuary, Pinnacle Actuarial Resources, Inc. Moderator:
Rick Ramotar, VP, Sr. Actuary, Casualty Underwriting, Swiss Re
12. COVID IN THE WORKPLACE: WHO PAYS? - FULL
Track: Healthcare
Roundtable participants will discuss the complex and evolving issues surrounding who is responsible for workplace-related COVID costs.
Some workers have contracted/will contract COVID from workplace exposure. If so, does their employer have workers’ compensation liability? How does the shift in liability from health insurance (if the employee has health insurance) to workers’ compensation impact the employee, employer, payer, and provider? Is workplace-required COVID testing a health insurance liability or a worker safety expense? Does it matter if the employer is fully insured or self-insured? What if the person being tested and submitting claims to an employer-sponsored health plan is an employee’s dependent who works for another employer?Speaker:
Dr. Tia Goss Sawhney, Teus Health, LLC
Moderator:
Kevin Donnelly, Actuarial Consultant, United Healthcare
13. WE’RE ALL “GETTING SOCIAL”, BUT IS IT REALLY SOCIAL INFLATION? - FULL
Track: Special Topics
There has been a lot of discussion about recent social inflation, but many of the identified factors would have been considered general inflation in the past. In this roundtable we’ll explore current trends in inflation with a focus on similarities and differences from the past.Speaker:
Christina Gwilliam, Consulting Actuary, Willis Towers Watson
Moderator:
Debbie King, Vice President, Risk Management, Amtrust
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 Casualty Loss Reserve Seminar registrants.
