About This Event
The Casualty Actuarial Society (CAS) and The Institutes CPCU Society invite you to be a part of the 2020 Virtual Underwriting Collaboration Seminar scheduled for November 18, 2020. For the first time ever, this seminar will be an all-virtual, stand-alone event.
The UCS Planning Committee strives to construct a rich program addressing relevant matters, applications and insight with heavy focus on actuarial and underwriting issues. The goal is to foster cross-pollination and collaboration of risk management professionals without regard to industry sector or geographic location.
Contact Information
- For more information on the Virtual Underwriting Collaboration Seminar educational content, please contact Kellee Jenkins, Professional Education Coordinator at kjenkins@casact.org.
- For more information on attendee registration, please e-mail acs@casact.org.
- For more information on the seminar other than registration or content issues, please e-mail meetings@casact.org.
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.
Continuing Professional Education Credit
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 seminar may qualify for up to 6.0* CE Credits for the Virtual Underwriting Collaboration 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.
*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.
CPCU
Chartered Property Casualty Underwriters (CPCUs) attending this year’s Virtual Underwriting Collaboration Seminar will be awarded a maximum of 6.0 points under the Continuing Professional Development Program for CPCUs. Credits will automatically be reported for CPCU within 60 days of completion.
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When registering for this event online, please select your reg type to see the event fees available.
Registration Fees
CAS/CPCU Member, Active Candidate*, Subscriber
| REGISTRATION TYPE | RECEIVED ON OR BEFORE NOV 4 | RECEIVED AFTER NOV 4 |
| CAS/CPCU Member, Active Candidate*, Subscriber | $200 | $300 |
| Non-Member | $300 | $400 |
| Member and Non-Member Speakers | Waived |
* A Candidate is a non-CAS member who has attempted at least one actuarial exam in the last two years.
Bulk Discount for 6 Participants From Same Organization
If your organization has 6 employees who would like to participate in the Virtual Underwriting Collaboration Seminar, please see the discounted group registration page for details.
Note Regarding Fees: All attendee registration fees will increase by $100 if the registration is received after November 4, 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 11:59 p.m. (Eastern) on Friday, November 13 in order to participate in this virtual event.
If you are interested in registering six (or more) of your employees for the full Virtual CAS Underwriting Collaboration Seminar, we have discount pricing as listed below! Please note that the discount applies to both CAS members and non-members.
| Reg Types | Normal Price | Discounted Price |
| 6 bulk - full event only | $1,200 | $1,000 |
| 12 bulk - full event only | $2,400 | $2,000 |
| 18 bulk - full event only | $3,600 | $3,000 |
| 24 bulk - full event only | $4,800 | $4,000 |
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 CAS Underwriting Collaboration Seminar for free. Specific registration details will be provided with the discount code.
How to Register
Instructions
For the employer to obtain this code, they will need to:
- Login to CAS Store
- One representative from an organization registers for the quantity of bulk registrations (in multitudes of 6), add to cart, and complete the purchase.
- 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:
- Login to CAS Store to register for the Virtual CAS Underwriting Collaboration Seminar
- Add Full Event Individual Registration to the cart, regardless of price shown.
- Apply the discount code - this will give them a zero-balance fee
- Click next until they ‘Submit Order’ and receive a confirmation email
- 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
Sandy Callanan (Chair)
Robert Galbraith (Co-Chair)
Carl Ashenbrenner
Lamont Boyd
Carly Burnham
Ramya Sunad
Stephanie Wells
Yuhong Yang
Gain company exposure among approximately 200 attendees by sponsoring/exhibiting at Casualty Actuarial Society’s interactive Virtual Underwriting Collaboration Seminar. The Virtual Underwriting Collaboration Seminar 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.
Cancellation Policy
Registration fees will be refunded for cancellations received by the CAS Office on or before November 11, 2020, less a $100 processing fee. Only written cancellations will be honored. Please send cancellation requests via fax to (703) 276-3108 or email to refund@casact.org.
In the rare event that a CAS meeting is canceled, participants receive a full refund for registration fees paid.
The following is a list of unique sessions that will be offered at the Virtual Underwriting Collaboration Seminar. The seminar will host sessions that provide various practical applications and insights across a broad spectrum of industry disciplines.
All sessions will be held on November 18, 2020:
10:00 AM – 11:15 AM, ET
The Future of Talent: Attracting Tomorrow's Insurance Leaders
The talent gap is no longer looming—it’s here. How can we turn today’s talent risk into tomorrow’s talent? Join Gamma Iota Sigma, the insurance industry’s premier collegiate talent pipeline, to get an inside look at what the next generation really wants, develop your personal action plan for attracting a diverse and exceptional pool of future insurance leaders, and gain tools to positively impact new talent for our industry. This presentation will offer insights from the 2020 Gamma Iota Sigma Annual Recruiting Survey, along with input from current students and young alumni. Hear directly from the future talent pipeline to gain a better understanding of how to effectively engage and attract top talent to your company.
Learning Objectives
- Understand the next generation’s top drivers in employment decisions and expectations of employers
- Discuss best practices for engaging a diverse and exceptional talent pool of future insurance professionals
- Develop your personal action plan with strategies and tools to positively impact new talent for our industry
Speakers
Grace Grant, Senior Vice President, Gamma Iota Sigma
Brienne Johnson, Morgan State University
Kyle Whyte, The University of Akron
Stacy Rodriguez, University of North Texas
11:45 AM – 1:00 PM, ET
Underwriting and Actuarial: Towards a Holistic Partnership
Leading commercial lines underwriting organizations demand and use practical, close to real-time pricing and price monitoring tools. This requires a deep and effective linkage between the actuarial and underwriting functions. This session will: • Discuss and illustrate best practices in the application of pricing tools to commercial lines underwriting, and highlight how this also necessitates a robust feedback loop between pricing and reserving; • Discuss how this partnership between pricing, underwriting and reserving can increase the likelihood that reserve volatility is within stated corporate risk tolerances; • Illustrate how the above enhances an insurer’s ability to effectively model and manage capital and deploy underwriting capacity efficiently and profitably. Underwriters will gain a deeper appreciation of pricing and monitoring tools, and how misestimation of pricing and reserving risk impacts capacity. Actuaries will gain a deeper appreciation of the need to understand the context of underwriting decisions in their estimation of pricing and reserve risk.
Learning Objectives
- Understand the leading practices in the application of pricing tools to commercial lines underwriting
- Explain how underwriting decisions drive reserve volatility
- Explain how misestimation of pricing and reserve risk impacts available underwriting capacity
Speakers
Kevin Madigan, Director, PricewaterhouseCoopers
Steven Walsh, Consulting Director, PricewaterhouseCoopers
Dustin Duncan, Director, Head of US Operations, RPC Tyche
2:00 PM – 3:15 PM, ET
Quantifying Resilience to Measure and Enhance Success
Resilience is a term that is loved by professionals in the space of insurance policy, science and practice. The industry made early efforts in this domain and while many of those proved to be a success, there’s evidence that subsequent efforts have not been as effective at making resilience a way of life. This presentation examines the importance of quantifying resilience and aims at gaining insight into where in the spectrum of economic resilience does insurance’s capacity to build resilience fit in. We will dive deeper into concepts that can be used to improve resilience by implementing policy-level changes. We will examine past catastrophic events to see where a reduction in the impact of sustained damages and an improvement in the speed of recovery was possible, if efforts were made to build resiliency in the years leading up to the event. This session will be of value to policymakers, members of the industry who research building resilient infrastructures, and regulators.
Learning Objectives
- Understand the importance of quantifying risk
- Assess the causes and impacts of Insurance Gap and how to bridge it
- Explain the Public Private Partnerships contribution in building resilient infrastructure
Speakers
Ramya Sunad, Sr. Policy & Performance Underwriter
3:45 PM – 5:00 PM, ET
Underwriters & Actuaries in the Digital World: Advances in Cyber Insurance and Enabling Underwriters for Smarter and Faster Decisions
In this session, we will:
- Ask the audience how they underwrite and price cyber policies today (small and large companies)
- Talk about how non-obvious data can be made available to the underwriters to assist them in decision making.
- We will talk about how to make underwriting smarter and faster for small and medium-sized businesses so underwriters can spend more time on larger, more complex risks.
- We will use case studies to showcase this information. Case studies may be included in the handout.
Learning Objectives
- Understanding the differences between Cyber and Standard PC Underwriting and Actuarial considerations
- Learn about new data points that can help you price cyber risk
- How can this data be incorporated into pricing models
Speakers
Ridhima Kale, Senior Product Manager, Guidewire Software
Michelle Chia, Head of Professional Liability and Cyber, Zurich
Kyle Kinkade, VP & Actuarial Director, Zurich
November 18, 2020
All times are EASTERN time.
| Start Time | End Time | |
| 10:00 AM | 11:15 AM | Session 1 (75 mins) |
| 11:15 AM | 11:45 AM | Transition Break (30 mins) |
| 11:45 AM | 1:00 PM | Session 2 (75 mins) |
| 1:00 PM | 2:00 PM | Extended Break (60 mins) |
| 2:00 PM | 3:15 PM | Session 3 (75 mins) |
| 3:15 PM | 3:45 PM | Transition Break (30 mins) |
| 3:45 PM | 5:00 PM | Session 4 (75 mins) |
| 5:00 PM | 6:00 PM | Virtual Reception (60 mins) |
