Event Details
About This Event
Join some of our most popular sessions from 2022 and get organized CE! The CAS has organized a virtual event on June 27, 2023 from 10:00 AM – 5:30 PM EST. This seminar features five exciting sessions.
Group registration is available.
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 June 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 Workshop 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 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 is now closed.
Registration Fees
|
Early Reg. Fee On/Before June 13 |
Late Reg. Fee After |
|
|---|---|---|
|
Individual |
$300 |
$400 |
Cancellation Information
Registration fees will be refunded for cancellations received in writing at the CAS Office via email, refund@casact.org, by June 20, 2023 less a $200 processing fee.
Registration is now closed.
If you are interested in registering six (or more) of your employees for the 2023 Virtual Trunk Show – June Edition, 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.
Reg Types |
Normal Price |
Discounted Price |
|
6 Bulk - (6 for the price of 5) |
$1,800 |
$1,500 |
Once a bulk registration is purchased, the purchaser will be contacted by CAS staff for a list of the organization’s employees (in increments of six) that are participating as part of the group registration. CAS will process and confirm the group registrants via email to the original purchaser. Please note that all registrants will need a CAS online account prior to be registered for the 2023 Virtual Trunk Show – June Edition.
Note: Bulk registration will close on Monday, June 20, 2023 to allow time for all registrations to be processed.
Brian Brown, Principal and Consulting Actuary, Milliman
Brian is a Principal and Consulting Actuary for Milliman, Inc. where his areas of expertise are property and casualty insurance, especially ratemaking, loss reserve analysis, and actuarial appraisals for mergers and acquisitions. Brian’s clients include many of the largest insurers/reinsurers in the world. Brian is a Past CAS President and was Milliman’s Global Casualty Practice Director.
Thomas Holmes, Actuarial Data Scientist, Akur8
Thomas Holmes is the Head of US Actuarial Data Science at Akur8. In this role, he works directly with clients providing modeling insights and best practices with Akur8's software. Additionally, he works with Akur8’s product development team to improve the software's functionality for the US region. Prior to Akur8, Thomas has worked in both traditional ratemaking and modeling roles. Thomas is a Fellow of the CAS.
William Hardin, Vice President, Charles River Associates
Bill has worked on over a thousand data incident/data breach cases along with numerous cases dealing with white collar crime and enterprise risk management. He has handled all types of ransomware, data extortion, business email compromise, nation state attacks, malware outbreaks, insider threats, amongst other items. Many of his cases have been mentioned in The Wall Street Journal, Financial Times, Forbes, and Krebs on Security, amongst other publications. With a background in finance, operations, and software development, he brings valuable insights to clients from multiple dimensions.
In addition to his forensic engagement assignments, Bill has served in numerous interim management roles for organizations experiencing disruption. He has assisted companies with various management consulting assignments pertaining to strategy, operations, and software implementations. Bill is a Certified Public Accountant (CPA)/CFF, Certified Fraud Examiner (CFE), and a certified Project Management Professional (PMP). He has spoken at numerous events on cybercrime, risk management, and strategy/operations consulting. He serves on the board for Legal Prep Charter Schools and is an adjunct professor at DePaul University in Chicago.
Derek Freihaut, Principal, Pinnacle Actuarial Resources
Derek Freihaut is a principal and consulting actuary with Pinnacle Actuarial Resources, in the Bloomington, Illinois, office. He holds a bachelor’s degree in mathematics and economics from Rose-Hulman Institute of Technology in Terre Haute, Indiana. He has been in the property/casualty insurance industry since 2002.
Derek has considerable experience in assignments involving loss reserving, funding studies, loss cost projections, captive feasibility studies, risk transfer analyses, and personal and commercial lines ratemaking. He currently serves as chair on the American Academy of Actuaries (AAA) Committee on Property-Liability Financial Reporting (COPLFR).
Prior to joining Pinnacle, Derek was employed at a large insurance company, where his responsibilities included personal and commercial lines pricing. His pricing duties included private passenger and commercial auto, commercial multi-peril and rental program lines of business.
Julie Lederer, Property & Casualty Actuary, Missouri Department of Commerce and Insurance
Julie Lederer is a P/C actuary with the Missouri Department of Commerce and Insurance. She reviews Statements of Actuarial Opinion for Missouri-domiciled P/C entities, assists with the actuarial components of risk-focused financial examinations, and reviews ORSA summary reports. Prior to joining the Department, Julie worked in consulting. Julie is a member of the NAIC’s Actuarial Opinion Working Group.. This working group proposes edits to the Statement of Actuarial Opinion and Actuarial Opinion Summary sections of the NAIC's P/C Annual Statement Instructions. Julie is also the vice chair of the NAIC’s Casualty Actuarial and Statistical Task Force, a member of the CAS board of directors, a member of the CAS Reserves Committee, and a copy editor for the CAS’s Actuarial Review magazine.
Josh Taub, Instructor, The Infinite Actuary
Josh Taub is the instructor for CAS exams 5 & 8 for The Infinite Actuary. In the last 10 years, Josh has taught over 6,000 actuarial students basic & advanced insurance pricing and basic reserving in his role. Josh also spent 2 years as Chief Actuary and VP of Product & Pricing for Swyfft (an InsurTech MGA), where he helped develop homeowners and commercial package products priced using only a property address. Prior to these 2 roles, Josh spent 9 years at Farmers Insurance, where he worked in product management in both personal and commercial lines and spent several years building the claims actuarial analytics team. Josh has spoken at CAS sponsored events in both the U.S. and in Vietnam and has been published in Carrier Management and Property/Casualty 360. He has volunteered on several CAS committees, and he received the CAS Above & Beyond Achievement Award in 2018 for his volunteer work with the Insurance On Demand Working Party. Josh is also an avid traveler, having been to over 70 countries, though he currently lives in San Diego with his wife Lolita.
Ron Kozlowski, Lead Consultant, RTK Actuarial + Professional Services
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/facilitator at the CAS’s Course on Professionalism. He also works on numerous committees that plan continuing education content both domestically and internationally.
Tuesday, June 27, 2023
| 10:00 AM- 11:00 AM |
|---|
| Session 1: Inflation - An Update |
|
Social Inflation and real inflation are creating havoc in the insurance market. There has been an explosion in the number of multi-million settlements for several insurance coverages – Commercial Auto, Hospital Professional Liability and Products Liability. Several companies are exiting markets, rates are increasing, retentions are increasing and some insureds are finding it difficult to find affordable coverage. The session will present some hard data and explore possible explanations for the trends (e.g. Third Party Litigation Funding) as well as predict future trends. Speakers / Moderator:
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| 11:00 AM - 11:30 AM |
| Break |
| 11:30 AM - 12:30 PM |
| Session 2: Dislocation Analysis: Segment Detection of Disrupted Rates |
|
Control of rate changes is particularly challenging for complex insurance products. Multiple risks are covered by these contracts, and each risk requires its own specific modeling. When all these risks are combined and entangled, the cumulative effect may lead to undesired disruptive rate changes. Speakers / Moderator:
|
| 12:30 PM - 1:30 PM |
| Break |
| 1:30 PM - 2:30 PM |
| Session 3: Cyber Insurance |
|
As more sophisticated attacks and ransomware events are on the rise, how do companies protect themselves with Cyber risks? How do insurance and reinsurance carriers measure and manage cyber risk when it is constantly evolving? Join us for a discussion on Cyber insurance with perspectives from the risk management, the primary and the reinsurance market. Speakers / Moderator:
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| 2:30 PM - 3:00 PM |
| Break |
| 3:00 PM - 4:00 PM |
| Session 4: Coffee Klatch for Opinion Writers |
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So, you have a few questions about your upcoming or recent opinion. You probably won't find a better place to get your answers than this session. Or maybe you have resolved an interesting issue in your opinion. Come and share your knowledge and help your fellow practitioners avoid similar problems. Need help making a better presentation to your board or senior management? These panelists are sure to have helpful insight, along with your fellow attendees. The same can be said about interacting with regulators, auditors and even lawyers. Bring your questions and take advantage of the collective experience that will be in this session. Speakers / Moderator:
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| 4:00 PM - 4:30 PM |
| Break |
| 4:30 PM - 5:30 PM |
| Session 5: Developing Actuarial Judgment |
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What is Actuarial Judgment and how does one develop it? This is a question that is often asked by new actuaries, including those in developing markets where there isn’t a core of senior actuaries to lean on. The presenters have developed some insight based on their experience and plan an interactive session to discuss these topics. How did you develop Actuarial Judgment? Does one ever stop developing Actuarial Judgment? What guidance would you give to aspiring young actuaries? Speakers / Moderator:
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