Search Presentations
STAY TUNED! If you are anticipating additional search filters by attribute and level to align with the CAS Capability Model, it is coming later this Summer. As the CAS begins to code recorded sessions by specific attributes and levels (starting with the 2023 Annual Meeting), these will be tagged in the CAS database of presentations going forward and should be searchable.
But you may use the Capability Model now to help you identify topics. For example, if you want to move up one level under the content area “Functional Expertise,” you may search topics in the particular functional area to expand your knowledge.
Recorded content is searchable by Capability Model attribute and level in the CAS Online Library.
Refine Your Search
The presentation materials are offered in connection with CAS professional education offerings. © 2022 Casualty Actuarial Society. All Rights Reserved. The presentation materials may contain copyrighted content the use of which has not been specifically authorized by the copyright owner. You are permitted to view and print the materials for personal/professional noncommercial research purposes. Except for the foregoing, you agree not to reproduce, distribute, modify, create derivative works, or commercially exploit the presentation materials without prior written permission from CAS. Please direct any copyright permission inquiries regarding use of the presentation materials to acs@casact.org.
STAY TUNED! If you are anticipating additional search filters by attribute and level to align with the CAS Capability Model, it is coming later this Summer. As the CAS begins to code recorded sessions by specific attributes and levels (starting with the 2023 Annual Meeting), these will be tagged in the CAS database of presentations going forward and should be searchable.
But you may use the Capability Model now to help you identify topics. For example, if you want to move up one level under the content area “Functional Expertise,” you may search topics in the particular functional area to expand your knowledge.
Recorded content is searchable by Capability Model attribute and level in the CAS Online Library.
What Makes a Good Rate Filing?
What makes a good rate filing? It depends on whom you ask. Now is your opportunity to hear from individuals who have extensive experience with the filing process at companies, bureaus, and insurance departments.
Source:
2010 Ratemaking and Product Management Seminar
Type:
concurrent
Moderators:
Ian Ayres
Panelists:
Joseph Boor, Scott Lefkowitz
Risk and Return Considerations in Ratemaking
How does one's method reflect the cost of capital as that term is used in the principles of ratemaking? How does one enhance shareholder value, stay competitive, and comply with both regulatory constraints and the Statement of Principles of Ratemaking, all at the same time? Advocates of various methodologies will address these and other such challenges in this session devoted to risk and return considerations in ratemaking.
Source:
2010 Ratemaking and Product Management Seminar
Type:
concurrent
Moderators:
Nancy Watkins
Panelists:
Harry Shuford, Charles McClenahan
Legislative Reform-Case Studies in Workers Compensation and Medical Professional Liability
Recent years have seen the judicial overturn of caps on damages, the implementation of medical fee schedules, and other reform measures. This session will present case studies addressing the impact of changes such as these on the insurance environment. The discussion will focus on workers compensation reform impacts on pricing and on a case study on medical professional liability, with applications to any line of business facing the overturn of a statutory cap on damages.
Source:
2010 Ratemaking and Product Management Seminar
Type:
concurrent
Moderators:
Nancy Watkins
Panelists:
Susan Forray
There is more to Pricing Optimization than just Price Optimization
Insurers that implement price optimization build in the process an "infrastructure" that includes things like data structures, predictive models, software platforms, and price execution capabilities. Many insurers do not realize this "infrastructure" can be used to add even more benefit to the company in many non-pricing areas. Things like channel management, customer behavior over certain dimensions, and renewal management are just a few examples. This session will discuss some of these elements in detail.
Source:
2010 Ratemaking and Product Management Seminar
Type:
concurrent
Panelists:
Klayton Southwood, Reuven Shnaps
NAIC Speed to Market
The National Association of Insurance Commissioners and the state insurance commissioners have been working together to modernize insurance regulation since March 2000. There has been tremendous progress in reducing the time needed for regulatory approval of forms, rates and rules. Much of the work of the NAIC's Speed to Market Task Force is focused on the mechanics of the filing process and their efforts have lead to many enhancements to the filing process, such as SERFF.
This is your chance to find out about current Speed to Market activities and the improvements that are planned for the future.
Source:
2010 Ratemaking and Product Management Seminar
Type:
concurrent
Moderators:
R. Lamb
Panelists:
Mary Hudson, Julienne Fritz, Kim Kennedy
Duplicate FHA Single Family Homes Mortgage Records and Related Problems
The Federal Housing Administration (FHA) insures mortgages against the risk of foreclosure. Since its inception in 1934, FHA has insured over 35 million mortgages on single-family homes. This requires FHA to store data on a large number of mortgages. Because of the large number of mergers/acquisitions among mortgage lenders, it is sometimes difficult for the surviving lenders to maintain accurate databases. As a consequence, such lenders do not always transmit accurate/timely data to FHA on the termination of FHA-insured single-family mortgages that they are servicing. In order to improve the quality of FHA's databases, the author has applied record linkage techniques.
The first approach was to use a variety of internal consistency checks to identify "active" mortgage records whose underlying mortgages had in fact terminated. The second approach involved matching FHA records with corresponding records of the Government National Mortgage Association (GNMA). This second approach allowed the author to (1) obtain property addresses from the GNMA database and add then to the FHA database as well as (2) identify additional "active" FHA mortgage records whose underlying mortgages had in fact terminated.
Source:
2010 Ratemaking and Product Management Seminar
Type:
concurrent
Panelists:
Tom Herzog
Data and Disaster: The Role of Data in the Financial Crisis
This paper shows how data quality played a significant role in the mispricing and business intelligence errors that caused the crisis. The authors utilize a number of relatively simple statistics to illustrate the due diligence that should have, but was not performed. They use the Madoff fraud and the mortgage meltdown as data quality case studies then apply simple exploratory procedures to illustrate simple techniques that could have been used to detect problems. They also illustrate some modeling methods that could have been used to help underwrite mortgages and find indications of fraud.
Source:
2010 Ratemaking and Product Management Seminar
Type:
concurrent
Panelists:
Louise Francis, Virginia Prevosto
Exams Beyond the CAS: Rounding Out the Actuary
Were the CAS Exams not enough for you? Looking for more tests to take? Need more initials behind your name? Have we got good news for you!
The panel during this session will discuss other organizations' educational programs, which can help broaden the actuary's perspective. Programs for disciplines ranging from Underwriting to Claims to Risk Management to Finance to Data Management will be presented.
Come see how you can learn more, branch out, and gain a greater appreciation for what happens beyond the actuarial department!
Source:
2010 Ratemaking and Product Management Seminar
Type:
concurrent
Moderators:
R. Lamb
Panelists:
Robert Wolf, Kelly McKeethan
Detecting Suspicious Claims
Predictive analytics is the key to effective business process management in claims operations. One of the longstanding uses of analytics is to sort complex event processes into segments for differentiated attention by the claims department staff and their colleagues and possibly even third party vendors. This session will take a detailed look at the data in this process along with external information and then show how to combine data sources for creating a business alerting management framework for taking action on suspicious claims. We will look at this from an individual claimant point of view as well as collusive networks of organized fraud.
Source:
2010 Ratemaking and Product Management Seminar
Type:
concurrent
Moderators:
R. Lamb
Panelists:
Richard Derrig
Championing Price Optimization
Many pricing executives identify the value of Price Optimization and push for application of such projects in their companies. However, in many cases obtaining the required buy-in, budgets, and technical infrastructure takes very long, and even fails. Actuaries in particular must develop a wider understanding of the overall business strategy (e.g., short term profitability vs. customer lifetime value), as well as business realities such as price elasticity, distribution strategies and IT constraints, in order to succeed in a pricing (as opposed to a costing) world. This session will review the recurring hurdles associated with price optimization, both generally and from the actuary's perspective, and advise on how to overcome some of these hurdles. Data considerations for nontraditional lines will also be discussed.
Source:
2010 Ratemaking and Product Management Seminar
Type:
concurrent
Panelists:
Lee Bowron, Mary Hosford, Marc-Andre Desrosiers
Workers Compensation Ratemaking-An Overview
The panel will review the essential components of a typical rate filing from the perspective of NCCI, other bureaus, and from the view of companies in loss cost jurisdictions. The discussion will highlight coverages, exposure bases, and data sources used for workers compensation ratemaking.
Source:
2010 Ratemaking and Product Management Seminar
Type:
concurrent
Panelists:
Andrew Doll, Jay Rosen
Cyber Security Insurance
Criminals have found that the internet is a relatively safe, efficient and profitable way to perpetrate fraud. Accordingly, all organizations now face the risk of incurring often significant additional costs resulting from the fraudulent access to their sensitive information or from extortion or related acts perpetrated against them. This session presents an overview of the current, common types of fraud being perpetrated using the internet, networks and mobile devices. It will then review why traditional insurance products don't adequately address these risks and how the newer "cyber" policies are designed to provide insurance against this growing body of risks and the typical underwriting questions associated with these policies.
Source:
2010 Ratemaking and Product Management Seminar
Type:
concurrent
Panelists:
Daniel Perry, George Allport
An Overview of the Cat Bond Market
Catastrophe bond issuance levels increased to $3.4 Billion in 2009, a 25% increase over 2008 and remain a competitive alternative to catastrophe reinsurance. This session will provide an overview of how the Cat Bond Market works. It will include an explanation of the cost associated with cat bond issuance and how cat bonds are priced, so costs can be identified for use in ratemaking applications. It will also cover the available data which will serve as an introduction to the session: "Quantifying Risk Load for Property Catastrophe Exposure", where the Cat Bond data will be used too in other ratemaking applications. Additionally, Morton Lane plans to share some of the interesting analysis he does on the Cat Bond market data.
Source:
2010 Ratemaking and Product Management Seminar
Type:
concurrent
Panelists:
Morton Lane, David Chernick
Trends in Workers Compensation Medical Costs
Medical severity continues its relentless growth even as claim frequency continues to fall, and pressure from indemnity severity has eased. This session will highlight the National Council on Compensation Insurance research exploring many facets of the growth in medical costs, including factors that have contributed to the growth in medical utilization. Of special interest is the changing nature of increased utilization in the last half of the 1990s and the first several years of the current decade. Additional research is exploring the relationship between increased medical utilization (e.g. more claims with surgery) and changes in indemnity costs with special attention to changes in duration. It is anticipated that if the characteristics of national health care reform are largely determined there will also be a discussion of the implications for workers compensation.
Source:
2010 Ratemaking and Product Management Seminar
Type:
concurrent
Moderators:
R. Lamb
Panelists:
Tanya Restrepo
Predictive Modeling and Vehicle Rating
Traditional vehicle rating is based on grouping similar vehicles together with some adjustment for loss experience. This session will show how detailed information about vehicle characteristics can be used to develop accurate predictions of insurance loss. We will discuss the types of data available, the data preparation involved to use the data, the modeling process, and the results of the models on actual industry loss data.
Source:
2010 Ratemaking and Product Management Seminar
Type:
concurrent
Panelists:
LeRoy Boison, Serhat Guven
Have Your Data Management Best Practices Changed to Reflect Data Management in the 21st Century?
Insurance information, the type of data, how it's collected, how it's used - and associated data management tools and techniques, have been changing dramatically over the past few years. But have data management best practices kept pace? This session will explore data management best practices employed in the industry and focus on how these data management best practices must adapt to the 21st century data landscape.
Source:
2010 Ratemaking and Product Management Seminar
Type:
concurrent
Panelists:
Tracy Spadola, Peter Marotta, Arthur Cadorine
Federal vs. State Insurance Regulation
Recent events in the financial sector have resulted in questions as to what level of regulation is optimal and who should provide the oversight. With respect to insurance in particular, the debate about federal vs. state regulation has intensified. This session will provide a discussion of the pros and cons of each, as well as a status report on the federal legislation. In addition, legislative and other insurance-related regulatory changes made at the state level in reaction to the financial sector collapse will be identified.
Source:
2010 Ratemaking and Product Management Seminar
Type:
concurrent
Panelists:
Edward Collins, Monty Washburn, Mary Hudson, Julienne Fritz
Opening Session and Keynote Address
The conventional wisdom in business is that, more and more, products and services are rapidly becoming commodities. Further, because of consolidation, globalization, the Internet, and increasingly sophisticated buyers, prices will be driven down and profit margins mercilessly squeezed.
Like so much "conventional wisdom," this view is more conventional than actual wisdom. There is no such thing as a commodity. Anything can be differentiated in the marketplace: consider Starbucks - mere coffee beans and water! Insurance is no exception. As the economic value base shifts from a service economy to an experience - and ultimately, a transformation - economy, the opportunity to create a unique experience for customers is only limited by the constraints of imagination.
This thought-provoking presentation will challenge the audience to think of ways in which what they sell can be differentiated, based upon value and customer experience.
Source:
2010 Ratemaking and Product Management Seminar
Type:
keynote
Moderators:
R. Lamb
Basic Ratemaking Part 2: Ratemaking Relativities
This session will examine the various methods that actuaries use to allocate overall average rates to various subdivisions of a line of business, including territories, classifications, and tiers. Some of the methods discussed will consist of univariate, multivariate, and generalized linear modeling techniques.
Source:
2010 Ratemaking and Product Management Seminar
Type:
workshop
Panelists:
Christopher Cooksey, Jonathan Fox
Keywords:
Ratemaking
Catastrophe Modeling Workshop: Opening Session
The introductory session of the Catastrophe Modeling Workshop will feature speakers from three of the major modeling firms examining how their company's model handles a specific catastrophe. Attendees will get the chance to see the common principles in the models and some of the places where there are differences among the models. We will look at terrorism, earthquake and hurricane models and provide time for audience questions.
Source:
2010 Ratemaking and Product Management Seminar
Type:
workshop
Panelists:
David Lalonde, David Smith, Maria Lomelo
Keywords:
Catastrophe Modeling
Basic Ratemaking Workshop Part 1: Overall Rate Level Indication Considerations
Covering the basic foundations of the ratemaking process, this session's topics will include data organization for premium and losses, data adjustments such as current rate level, loss development and trend, and the determination of the expense and profit provisions.
Source:
2010 Ratemaking and Product Management Seminar
Type:
workshop
Panelists:
Scott Donoho
Keywords:
Ratemaking, rate level
Not Your Father's Lloyd's
Lloyd's has changed considerably from the days of "Names" with unlimited liability and three-year accounting increments. This panel will summarize how Lloyd's works today and discuss some of the advantages and disadvantages of working with Lloyd's relative to other markets. Representatives from Lloyd's, a U.S. company with a Lloyd's platform, and a Lloyd's customer will provide different perspectives on the Market. After presenting a brief history of Lloyd's -- particularly post-reconstruction and renewal -- and a summary of prepared remarks, the panel will be open to free-form Q&A discussion with the audience.
Source:
2010 Annual Meeting
Type:
concurrent
Moderators:
Angeles Yanez
Panelists:
Scott Belden, Orla Donnelly, Robert Humphreys
Keywords:
Code of Professional Conduct, Actuarial Standards of Practice
Texas legislative session and the impact on the Texas insurance market
Source:
2009 Regional Affiliate - SWAF
Type:
affiliate
Keywords:
legislative session
Role of the ABCD
Source:
2009 Regional Affiliate - SWAF
Type:
affiliate
Panelists:
Curtis Huntington
Keywords:
ABCD
Catastrophe Risk Management Best Practices - Thinking Outside the Black Box
Source:
2009 Regional Affiliate - SWAF
Type:
affiliate
Panelists:
Glen Daraskevich
Keywords:
Catastrophe Risk Management
