CS12: Growth in the Private Flood Market
The private flood market was nearly nonexistent only a few years ago. However, the growth in highly detailed modeling tools opened a whole new market. The ability to differentiate the flood exposure potential of one property relative to the one next door, across the entire country, makes it possible to develop very detailed pricing systems to reflect exposure to flood. Since the historical take-up rate with for flood insurance has been relatively low, and a significant protection gap exists in the market. Can the private market step in to fill that gap? This session will focus on a discussion on the current state of the private flood market; specifically on the solutions available to the property owners and the tools available to carriers that can address the high protection gap that exists and thus the resilience of communities after a flood event.
Source:
2021 Seminar on Reinsurance
Type:
Concurrent Session
Moderators:
Chris Sykes
Panelists:
David Evans, Matt Junge, Raghuveer Vinukollu, Christopher Sykes
CS11: Getting it filled: Placements, Panels, Partnerships, Problems - Ceded Re Officers Tell-All
This session will include insight from senior professionals on the (re)insurance market, issues and lessons learned from designing an effective reinsurance strategy including the placement process.
Source:
2021 Seminar on Reinsurance
Type:
Concurrent Session
Moderators:
Milena Ospalik
Panelists:
Milena Ospalik, Isaac Espinoza, Mark Anderson, Kevin Hoban
CS10: Finding Waldo: Geospatial Solutions to Cat Risk
NEWSFLASH: A new risk has emerged that isn't modeled
NEWSFLASH: Company X writes more risk than it should have and has an outsized loss
NEWSFLASH: A massive event happens, but it's impossible to access the properties right now and every stakeholder wants to know how much loss does Company X
These newsflashes are more common than uncommon in the insurance industry today. One of the greatest types of technology to manage and understand our accumulation of catastrophic risk is Geospatial in nature. This panel will discuss ways in which geospatial technology can be used to answer these newsflashes
Source:
2021 Seminar on Reinsurance
Type:
Concurrent Session
Moderators:
Stephanie Rabin
Panelists:
Dan Zitelli, David Jowell
CS1: Adult Learning? Brain Rules? Whaaaa?
An extension of the prior Brain Rules sessions, this interactive session will explore how to apply brain rules and adult learning theory to get more results out of your meetings.
Bring your questions and success stories! We want to hear!
Source:
2021 Seminar on Reinsurance
Type:
Concurrent Session
Moderators:
Chris Hauprich
Panelists:
Stephanie Rabin
ST-5 - Way of Working: How the Pandemic has Changed How Actuaries Work
Source:
2021 Casualty Loss Reserve Seminar (CLRS)
Type:
Concurrent Session
Moderators:
Christina Gwilliam
Panelists:
James Merz, Christina Gwilliam, Philip Baum
ST-4 - Reserving for Loyalty Programs
Source:
2021 Casualty Loss Reserve Seminar (CLRS)
Type:
Concurrent Session
Moderators:
Rachel Dolsky
Panelists:
Emmanuel Bardis, Alexander Turrell
ST-3 - Significant Transactions - How an Actuary can Drive the Truck
A case for how and why actuaries should involve themselves in strategic decisions including novations, other reinsurance transactions, sales and acquisitions, and even restructuring within an organization.
Source:
2021 Casualty Loss Reserve Seminar (CLRS)
Type:
Concurrent Session
Moderators:
Paige DeMeter
Panelists:
Keith Palmer, Melissa Holt, Alice Czajkowski
ST-2 - Social Inflation
Source:
2021 Casualty Loss Reserve Seminar (CLRS)
Type:
Concurrent Session
Moderators:
Stephen Talley
Panelists:
William Wilt, CFA, William Finn, Dana Franzetti
ST-1 - Application of Blockchain and Smart Contracts in Parametric Insurance
Data quality and accessibility are at the core of parametric insurance. In this session, Sid Jha, founder & CEO of Arbol, an insurtech specializing in parametric protection will discuss its data-first approach in developing and executing parametric products. Sid will explain how Arbol uses IPFS, a fully distributed data infrastructure to create tamper free datasets and how Arbol executes smart contracts using Chainlink technology that allows feeding of off-chain data into on-chain data.
Source:
2021 Casualty Loss Reserve Seminar (CLRS)
Type:
Concurrent Session
Moderators:
Chris Holt
Panelists:
Siddhartha Jha, Hong Guo
RM-3 - State of the Reinsurance Market
An overview of the current events and recent shifts in the reinsurance market. A high-level overview will be discussed across both property and casualty lines, with a deeper dive into Florida homeowner insurers.
Source:
2021 Casualty Loss Reserve Seminar (CLRS)
Type:
Concurrent Session
Moderators:
Laura Maxwell
Panelists:
Erick Mortenson, Nicholas Alicea
Keywords:
Reinsurance
The presenters will discuss the key categories in evaluating an actuarial reserve department, current reserving practices, interactions with others, common reserving challenges and red flags as well as how the reserving department is viewed. We will provide our thoughts on Best Practices and tips on how a company can improve its reserving function.
Source:
2021 Casualty Loss Reserve Seminar (CLRS)
Type:
Concurrent Session
Moderators:
Debbie King
Panelists:
Lori Julga, James Merz, Brian Brown, Jieqiu Fan
RM-1 - Pandemic Risk Management: Resources Contingency Planning and Allocation
Source:
2021 Casualty Loss Reserve Seminar (CLRS)
Type:
Concurrent Session
Moderators:
Joshua Merck
Panelists:
Runhuan Feng, Linfeng Zhang, Alfred Chong
PD-2 - The Problem with Communication is the Illusion that it has occurred
Actuarial work is complicated and difficult to understand and so it is hard for non-actuaries to understand our work. The problem is often exacerbated by actuaries having spent 10,000 or more hours studying technical matters but probably less than 1,000 hours developing communication skills. As actuaries advance in their careers, effective communication becomes more important than analytical work (which can be delegated to capable staff). Also, as actuaries we likely have even less experience in dealing with confrontation which can be critical when communicating bad news. The presenters are writing a paper on this subject.
Source:
2021 Casualty Loss Reserve Seminar (CLRS)
Type:
Concurrent Session
Moderators:
Matthew Killough
Panelists:
Brian Brown, Bradley Kiscaden, Katherine Antonello, Steve Wilson, Katherine Pipkorn
PD-1 - Coffee Klatch for Opinion Writers
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.
Source:
2021 Casualty Loss Reserve Seminar (CLRS)
Type:
Concurrent Session
Moderators:
John Wade
Panelists:
Joseph Herbers, Kathleen Odomirok, Michael Toothman, Miriam Fisk
Keywords:
Accounting and Reporting,Regulation and Law,Reserving,Commercial Lines,Financial and Statistical Methods,Personal Lines,Reinsurance,Statistical Models and Methods
LOB-7 - Impact of COVID 19 on Workers Compensation and General Liability
Modeling/projecting WC losses from COVID infections & an examination of COVID impacts on calendar year 2020 data for WC & GL
Source:
2021 Casualty Loss Reserve Seminar (CLRS)
Type:
Concurrent Session
Moderators:
Anwesha Prabhu
Panelists:
Kyle Walker, Jonathan Sappington, Ashley Wohler
LOB-6 - Practical Considerations for Reserving for Emerging Mass Tort Exposure
The session will summarize recent developments in mass torts (e.g. sexual abuse/molestation, opioids, etc.) as well as explain the challenges that reserving for these events poses due to the lack of credible development history. Also, the session will discuss some methods that the industry is using to leverage information from the claims, legal, and underwriting departments to estimate IBNR for these exposures.
Source:
2021 Casualty Loss Reserve Seminar (CLRS)
Type:
Concurrent Session
Moderators:
Sylvia Yang
Panelists:
Eric Pince, Dawn Fowle
Keywords:
Reserving,Commercial Lines
LOB-5 - MPL Market Update
Source:
2021 Casualty Loss Reserve Seminar (CLRS)
Type:
Concurrent Session
Moderators:
Kevin Donnelly
Panelists:
William Burns
LOB-4 - State of the Workers Compensation Market
CA WC has always been an interesting market. This session will cover the market dynamics and legislative environment moves and their impacts, from a rating bureau, a self-insured entity as well as auditors' perspectives.
Source:
2021 Casualty Loss Reserve Seminar (CLRS)
Type:
Concurrent Session
Moderators:
Ethel Wang
Panelists:
David Bellusci, Christian Lemay, Mark Priven
LOB-3 - After the Wind Blows: Property Reserving in Gulf Coast States
Source:
2021 Casualty Loss Reserve Seminar (CLRS)
Type:
Concurrent Session
Moderators:
Laura Maxwell
Panelists:
Arthur Randolph, Aaron Koch, Lee Knepler
Keywords:
Reserving,Reinsurance,Personal Lines
LOB-2 - State of the Commercial & Personal Auto markets
Source:
2021 Casualty Loss Reserve Seminar (CLRS)
Type:
Concurrent Session
Moderators:
Stephen Talley
Panelists:
Roosevelt Mosley, Greg Fears, Dalesa Bady
Keywords:
Commercial Lines,Personal Lines
LOB-1 - State of the Market for Directors & Officers Liability Insurance
Directors & Officers Liability is a dynamic market experiencing large rate increases in recent years. This session will delve into the key drivers behind this, why it may continue and what challenges lay ahead.
Source:
2021 Casualty Loss Reserve Seminar (CLRS)
Type:
Concurrent Session
Moderators:
Ricardo Ramotar
Panelists:
Ricardo Ramotar, Peter Brinck
IAI-2 - Trends in Reserving Methodologies in the Sharing Economy
Intro to reserving challenges in the sharing economy, including individual claim reserving for a delivery company.
Source:
2021 Casualty Loss Reserve Seminar (CLRS)
Type:
Concurrent Session
Moderators:
Francois Morissette
IAI-1 - The Future of Intelligent Claims
Claims operations will be emerging from a post-COVID world facing a number of unrelenting challenges. Insurtechs are accelerating the evolution of digital claims experiences. Insurers face increased pressure to manage operating costs and loss ratios. Competitive pressures are accelerating the use of AI to cover blind spots in subrogation, salvage and fraud. Join our claims experts for discussion on how leading insurers are settling claims faster, and unifying siloed information to arrive at newfound insights that help automate workflows across departments.
Source:
2021 Casualty Loss Reserve Seminar (CLRS)
Type:
Concurrent Session
Moderators:
William Hansen
Panelists:
Tom Korach, Mark LeMaster, Jeffrey Capobianco
HC-1 - Healthcare Trend Monitoring and Forecasting
Source:
2021 Casualty Loss Reserve Seminar (CLRS)
Type:
Concurrent Session
Moderators:
Kevin Donnelly
Panelists:
Maxwell Krueger, Bryan Kwiatkowski, Erin Wessling
Keywords:
Reserving
GS-2 - Modeling the COVID-19 Pandemic
This session will look at modeling the COVID-19 pandemic from the perspective of an infectious disease epidemiologist. The presenter, Professor Deirdre Hollingsworth, uses mathematical models and statistical analyses to study the evolution and transmission dynamics of infectious diseases with the aim of informing the design of more effective control interventions. The session will introduce some of the basic mathematics used in studying COVID-19 transmission within a population. Using live-polling, basic information will be collected from the virtual audience to inform a simple model of COVID-19 transmission within a hypothetical in-person instance of the Casualty Loss Reserve Seminar held during the pandemic.
Source:
2021 Casualty Loss Reserve Seminar (CLRS)
Type:
General Session
Moderators:
Stephen Talley
Panelists:
Deirdre Hollingsworth