2023 Trunk Show – August Edition

Event Details

-
10:30 AM – 5:00 PM EST

About This Event

Join some of our most popular sessions from 2022 and get organized CE! The CAS has organized a virtual event on August 23, 2023, from 10:30 AM – 5:00 PM EST. This seminar features four exciting sessions as well as the opportunity to informally network with colleagues in the industry.

Group registration is available.

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 6 CE** credits for the 2023 August Trunk Show 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. 

Virtual Event Recordings 

Recordings of this workshop are available to attendees on our UCAS platform for five years. 

Technical Specifications 

This event will be held entirely on Microsoft Teams. For the best experience it is recommended that attendees download the Teams desktop app. Attendees may also use the web version of Teams through the following compatible browsers: Chrome, Safari, Firefox, and Microsoft Edge. Teams is not supported in Internet Explorer 11 or Opera. 

Accessibility 

The CAS seeks to do its utmost to provide equal access to participants with disabilities in accordance with State and Federal Law. Please refer to our Accessibility page for more information. 

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 the event, please contact Sona Karia at skaria@casact.org.  

For more information on attendee registration, please email acs@casact.org.  

For questions relating to virtual logistics please contact 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 email office@casact.org

Registration Information

Individual Registration

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

Registration Fees

 

EARLY REG. FEE ON/BEFORE August 9, 2023

LATE REG. FEE AFTER August 9, 2023

Individual

$300

$400

Cancellations/Refunds

Registration fees will be refunded for cancellations received in writing at the CAS Office via email, refund@casact.org, August 16, 2023, less a $200 processing fee.

Group Registration

If you are interested in registering six (or more) of your employees for the 2023 August Trunk Show, we have discount pricing as listed below! Please note that the only discount will be for the full event and will apply to both CAS members and non-members. 

Group Registration

Reg Types  Normal Price  Discounted Price 
6 Bulk - (6 for the price of 5) $1,800 $1,500 
12 Bulk - (12 for the price of 10) $3,600 $3,000
18 Bulk - (18 for the price of 15) $5,400 $4,500
24 Bulk - (24 for the price of 20) $7,200 $6,000

Once a group registration is purchased, the purchaser will be contacted by CAS staff for a list of registrants and CAS will process the registrations. Please note that all registrants will need a CAS online account prior to being registered for the 2023 August Trunk Show.

Note: Group registration will close on Thursday, August 17, 2023, to allow time for all registrations to be processed.

Speakers
Adrian Jones

Adrian Jones, Partner, HSCM Ventures 

Adrian Jones is a partner at HSCM Ventures, the venture capital investment arm of Hudson Structured Capital Management Ltd., an alternative asset manager in re/insurance and transport. Before joining HSCM in 2021, he was Deputy CEO of P&C Partners at SCOR, where he set-up and led SCOR P&C Ventures. From 2010 to 2016, he was head of strategy at RenaissanceRe. He started his career in 2001 at Bain & Co and has lived/worked in New York, Paris, Bermuda, Brussels, and Stockholm. He has board roles at several companies in various areas of the insurance industry. 

Ryan McMahon

Ryan McMahon, Vice President of Insurance and Government Affairs, Cambridge Mobile Telematics 

Ryan McMahon is the Vice President of Insurance and Government Affairs at Cambridge Mobile Telematics (CMT), the world’s largest smartphone telematics provider. Prior to joining CMT Ryan held multiple leadership roles in the insurance industry, introducing new products and services to personal and commercial markets. At CMT Ryan's focus is on advancing the company's mission to make the world's roads and drivers safer by partnering with regulatory stakeholders around the globe, facilitating the deployment of telematics technology within the insurance industry. Ryan holds an MBA from the Worcester Polytechnic Institute and a BA in Psychology from SUNY Potsdam. 

Kate Crespo

Kate Crespo, Managing Director, Financial Technology Partners 

Kate Crespo is a Managing Director at Financial Technology Partners (“FT Partners”), an investment bank focused exclusively on the FinTech sector.  Kate leads the firm’s advisory work in the InsurTech sector, and has advised on numerous private capital raises and M&A transactions for companies including Newfront, Accelerant, Clearcover, The Zebra, Ladder, Sure, TrueMotion and CoverWallet.  Prior to FT Partners, Kate spent most of her career originating and executing FinTech M&A transactions at Raymond James, working with both publicly-traded and privately-held companies across InsurTech, payments and bank technology.  Kate has an M.B.A from The Tuck School at Dartmouth, and a B.A. from Colby College. 

Donal Hendriks

Donald Hendriks, Director of Analytics, CARFAX Banking & Insurance 

Don Hendriks is the Director of Analytics for CARFAX's Banking & Insurance Group. In his 28 years working as an actuary, predictive modeler, and data scientist in the property-casualty insurance industry, his focus has been on using novel data to modernize insurance rating plans. In his role at CARFAX, Don led the development of several new product initiatives, including the Vehicle Characteristics Database, which provides a complete view of the features installed on a vehicle; a set of ADAS scoring models, which generate risk scores based on a vehicle's advanced safety equipment; and the Vehicle Usage Index, which tracked changes in driving during the COVID Pandemic of 2020.   

Matthew Moore

Matthew Moore, Senior Vice President, Highway Loss Data Institute 

Matt Moore is senior vice president of the Highway Loss Data Institute, where he oversees HLDI's research program, the collection of vehicle information and the production of loss data. Matt joined HLDI in 1999 as a programmer. During his 20 years at HLDI, Matt has held a variety of positions of increasing responsibility and scope. He is the author of numerous research papers and has led several projects that resulted in studies that were world firsts on topics such as collision avoidance technologies, legal recreational marijuana and antilock braking systems for motorcycles. 

Gary Wang

Gary Wang, Consulting Services 

For over 15 years, Gary has provided actuarial consulting services to clients, with a heavy focus on predictive analytics. He has worked extensively on the application of advanced statistical modelling techniques to the insurance process. Gary has led, developed, and executed complex data processing and explorations taking client data to model ready extractions. These exercises included creating new variables from the raw company data as well as the joining, reviewing, and engineering of explanatory variables from external data sources. In addition to developing the models and analyzing results, Gary has collaborated closely with clients to incorporate business considerations to develop implemented plans that properly balance the model indications with company and client domain knowledge and business constraints. 

Lynne Wehmueller

Lynne Wehmueller   

Lynne Wehmueller is currently serving as Chief Actuary of the Rate Actuary Office in the Rate Regulation Branch of the California Department of Insurance.  Prior to joining the Department on June 1, 2012, Lynne worked for Farmers Insurance for 23 years, 11 of which she served as lead pricing actuary for Farmers’ California Homeowners products.   Lynne currently manages a team of 10 actuaries and actuarial analysts responsible for evaluating varied rate applications, including those for homeowners, private passenger automobile, commercial multi-peril, lender placed insurance and medical malpractice.  Lynne received a Bachelor of Arts degree from University of California, San Diego with a double major in Applied Mathematics and Sociology.  Lynne is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries. 

Spencer Kook

Spencer Kook, Hinshaw & Culbertson LLP 

TBD 

Sheri Scott

Sheri Scott, Principal & Consulting Actuary, Milliman, Inc. 

Sheri leads a P&C practice at Milliman focusing on InsurTech and insurance product design and profitability. She has helped companies successfully design and integrate InsurTech solutions as well as develop rates for emerging markets and innovative products. She has experience in personal and commercial lines and navigating the regulatory approval process across the United States. She has 35 years of experience in the insurance industry as an Underwriter, Risk Manager, and Actuary focusing on efficient use of technology, data, and advanced risk pricing.

Esther Becker

Esther Becker, Partner and leader of the Central Zone, Oliver Wyman Actuarial Consulting, Inc 

Esther Becker is a Partner and leader of the Central Zone for Oliver Wyman Actuarial Consulting, Inc. She specializes in reserving and pricing for most property and casualty lines of business. She has expertise in pricing, modeling and alternative risk financing. She performed individual risk rating on large commercial accounts at two major insurance carriers for 17 years, built a public entity rating model and conducted excess liability rate filings for a large insurance carrier. Currently Esther is the managing consultant on actuarial assignments for a variety of insurance and self-insured organizations. Esther has 28 years of actuarial and insurance experience, both as a corporate and consulting actuary, and underwriter. Prior to becoming a consultant in 2011, Esther served as a regional actuary for large insurance carriers, performing pricing, model development, profitability reviews, regulatory filings, systems development, and underwriting guideline setting. Esther also served in the US and UK as an alternative risk underwriter. Esther is an Associate of the Casualty Actuarial Society and a Member of the American Academy of Actuaries. 

Ronal Kozlowski

Ronald Kozlowski, Consulting Actuary

Ron Kozlowski is a consulting actuary with over 30 years of experience, working primarily in pricing, reserving and M&A due diligence. Ron spent 23 years at Towers Watson before semi-retiring and starting his own consulting firm RTK Actuarial & Professional Services. Ron serves as the CAS Asia Ambassador, a member of the CAS International Leadership Group, and is a frequent speaker at the CAS’s Course on Professionalism. Ron has previously served on the CAS’s Board of Directors, the Leadership Development Committee, Actuarial Communication Skills Task Force, and the Strategic Planning Committee. In 2020, Ron received the CAS’s Matthew Rodermund Memorial Service Award to recognize his significant volunteer contributions to the actuarial profession.

 

Schedule
Wednesday, August 23, 2023

10:30 AM- 11:45 AM

Session 1: The Tech Spectrum

Description 

The line between Insurtech and Traditional insurers has blurred over the years.  Every company sits somewhere on the technology spectrum, and it is important to know how companies got to their position as well as which direction they are going.  This session will cover the tradeoffs for investments in technology and innovation and the corresponding results, both short-term and long-term, expected from making those investments.

Speaker/Moderator: Adrian Jones, Ryan McMahon, Kate Crespo

11:45 - 12:00 PM
Break
12:00- 1:15 PM EST

Session 2: Used is the New New: A Changing Auto Market

Description 

Over the last 24 months, the new car market has encountered several major disruptions. It began the pandemic shutdowns depressed the demand side of the market equation, then was exacerbated as drivers transitioned to long-term work-from-home arrangements. Then, as the market began to pick up, plant shutdowns, parts shortages, and supply chain disruptions depressed the supply side of the market equation. The used car market has shifted to fill the gaps in the new car market.

Speaker/Moderator: Donald Hendriks, Matthew Moore, Gary Wang

1:15 - 2:15 PM EST

Break 

 

2:15 - 3:30 PM EST

Session 3: Perspectives on Current Events in California's Insurance Market

Description 

California is the nation's largest insurance marketplace, and also known to be forward-thinking in the face of climate change and economic challenges. Hear a panel of experts discuss recent developments in personal auto and homeowners insurance. Likely topics of discussion include: (1) new wildfire mitigation regulations and how California FAIR Plan is responding to the new regulations by using its vast amount of wildfire exposure and loss data to calculate and introduce new mitigation discounts in a way that insurance companies can use; (2) rate approvals in the post-COVID era and how you can improve the quality of California rate, form and rule filings; (3) implementation of SB 1107 which will require new financial responsibility minimums for auto liability; and (4) public policies that both regulators and the industry must consider to support a healthy and stable insurance marketplace.

Speakers/Moderator: Lynne Wehmueller, Spencer Kook, Sheri Scott

3:30 PM - 3:45 PM EST
Break
3:45 PM - 5:00 PM EST
Session 4: What’s in a Peer Review?

Description 

Peer Reviews are always a good common practice, no matter the profession or type of work being performed. Interestingly, however, there is nothing in the actuarial professionalism codes or ASOPs that specifically addresses the topic. In this session we’ll discuss common conceptions of what constitutes a peer review, what qualifications one should possess to perform one, how the receiver of the peer review should incorporate it and what actuarial professionalism standards apply. We welcome participants’ input.

Speakers/Moderator: Esther Becker, Ron Kozlowski

Schedule
Wednesday, August 23, 2023

10:30 AM- 11:45 AM

Session 1: The Tech Spectrum

Description 

The line between Insurtech and Traditional insurers has blurred over the years.  Every company sits somewhere on the technology spectrum, and it is important to know how companies got to their position as well as which direction they are going.  This session will cover the tradeoffs for investments in technology and innovation and the corresponding results, both short-term and long-term, expected from making those investments.

Speaker/Moderator: Adrian Jones, Ryan McMahon, Kate Crespo

11:45 - 12:00 PM
Break
12:00- 1:15 PM EST

Session 2: Used is the New New: A Changing Auto Market

Description 

Over the last 24 months, the new car market has encountered several major disruptions. It began the pandemic shutdowns depressed the demand side of the market equation, then was exacerbated as drivers transitioned to long-term work-from-home arrangements. Then, as the market began to pick up, plant shutdowns, parts shortages, and supply chain disruptions depressed the supply side of the market equation. The used car market has shifted to fill the gaps in the new car market.

Speaker/Moderator: Donald Hendriks, Matthew Moore, Gary Wang

1:15 - 2:15 PM EST

Break 

 

2:15 - 3:30 PM EST

Session 3: Perspectives on Current Events in California's Insurance Market

Description 

California is the nation's largest insurance marketplace, and also known to be forward-thinking in the face of climate change and economic challenges. Hear a panel of experts discuss recent developments in personal auto and homeowners insurance. Likely topics of discussion include: (1) new wildfire mitigation regulations and how California FAIR Plan is responding to the new regulations by using its vast amount of wildfire exposure and loss data to calculate and introduce new mitigation discounts in a way that insurance companies can use; (2) rate approvals in the post-COVID era and how you can improve the quality of California rate, form and rule filings; (3) implementation of SB 1107 which will require new financial responsibility minimums for auto liability; and (4) public policies that both regulators and the industry must consider to support a healthy and stable insurance marketplace.

Speakers/Moderator: Lynne Wehmueller, Spencer Kook, Sheri Scott

3:30 PM - 3:45 PM EST
Break
3:45 PM - 5:00 PM EST
Session 4: What’s in a Peer Review?

Description 

Peer Reviews are always a good common practice, no matter the profession or type of work being performed. Interestingly, however, there is nothing in the actuarial professionalism codes or ASOPs that specifically addresses the topic. In this session we’ll discuss common conceptions of what constitutes a peer review, what qualifications one should possess to perform one, how the receiver of the peer review should incorporate it and what actuarial professionalism standards apply. We welcome participants’ input.

Speakers/Moderator: Esther Becker, Ron Kozlowski