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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.
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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.
RM5 - Insurtechs and the Future of Pricing Data
For this session we will discuss with a panel of insurtech companies the non-traditional data they collect. We will focus on how this data is currently being used and how it can be used to improve pricing and underwriting across several lines of business.
Source:
2021 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Moderators:
Brett Nunes
Panelists:
Brett Nunes, David Tobias, Derek Winkler
Keywords:
Ratemaking
RM4 - Impacts Across the Firm: Commercial Lines Pricing Systems
Transactional pricing actuaries and underwriters often use pricing systems to collaborate on the pricing and underwriting of large accounts. The modeling and assumption setting that goes into this process, while immensely valuable for other processes across the firm, is often lost and buried in Excel spreadsheets after policy issuance. We will discuss best practices in pricing system design including the need for strong data capture, and how firms can leverage the data collected during the large account underwriting lifecycle to improve other processes across the firm. Areas of focus will include risk management, capital modeling and management, reinsurance purchasing, reserving, portfolio optimization, price monitoring, improving pricing and catastrophe accumulation management.
Source:
2021 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Moderators:
Steve Walsh
Panelists:
Dustin Duncan, Steven Walsh, Kevin Madigan
Keywords:
Capital Management, Commercial Lines, Data Management and Information, Data Quality, Dynamic Risk Modeling, Enterprise Risk Management, Ratemaking, Reinsurance, Reserving
RM3 - The Fully Automated Ratemaking Process
In this session we will take a look at what is needed for a fully automated rate making process. This futuristic view will take us through data management, statistical modeling, rate filing, rate deployment, and performance monitoring. Using advanced scripting language in conjunction with machine learning and other modern statistical techniques, this vision may become a reality within our careers.
Source:
2021 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Panelists:
Drew Lawyer, Julia Hart
Keywords:
Ratemaking
RM2 - Bayesian Loss Development Methods for Real People
This session will compare two strategies for blending loss development patterns. The strategies include curve-fitting and semi-parametric models, but are intended for general practice rather than for a technical audience. The presenters will use live examples to illustrate the methods, with the opportunity for session attendees to follow along with a hands-on example.
Source:
2021 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Moderators:
Pam Sealand Reale
Panelists:
David Clark, Uri Korn
Keywords:
Commercial Lines, Financial and Statistical Methods, Ratemaking
RM1 - A Model Based Approach to Personal Auto Geographic Risk Classification
Source:
2021 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Moderators:
Dustin Duncan
Panelists:
Jonathan Fesenmeyer, Matthew Berry
Keywords:
Personal Lines, Ratemaking, Statistical Models and Methods
PI6 - Are MGAs the Future of Underwriting?
This session will provide two actuarial perspectives on what MGAs are, how they work, and what the MGA space looks like in the United States. It will explore some situations where a carrier may consider delegating authority and the typesof risk typically involved. Case studies of product innovation in alternative markets, oriented towards addressing the needs of the underserved, will be covered. Operational considerations related to MGAs, including compliance and technology, will also be discussed. The session will be useful to anyone interested in tapping into alternative markets, or simply learning how approaches used in alternative markets can apply in traditional ones.
Source:
2021 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Panelists:
Lon Chang, Denise Olson
Keywords:
Ratemaking
PI5 - How to Build a Robust Decision-Making Framework for Personal Lines
As personal lines carriers become more and more sophisticated in analytics, it is important to have a framework in place to understand what the models are telling you, how your underwriting strategies and pricing decisions are affecting your underlying metrics, and most importantly, how different teams - actuaries, data scientists, product managers, underwriters, etc. should work together to create a compelling product.
Source:
2021 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Panelists:
Kiki Wang, Jeffery Hay
Keywords:
Ratemaking
PI4 - COVID-19 Impact on Auto Ratemaking
With both immediate consequences and longer lasting effects anticipated, COVID-19 presents challenges for Personal and Commercial Auto ratemaking. This session will examine these circumstances of the response to the pandemic. Among the topics that will be discussed: What are the implicit effects on exposure to risk? How does the risk process evolve in light of behavioral and economic shifts? And what methodological changes might we consider to reflect these developments?
Source:
2021 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Panelists:
Ralph Dweck, Ut Fong
Keywords:
Extreme Event Modeling, Personal Lines
PI3 - Innovation Inspired II: From Seattle To The Serengeti In Search Of Lessons In Making Change
Source:
2021 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Panelists:
Kiki Wang, Craig Thorburn
Keywords:
Ratemaking
PI2 - Everything an Actuary needs to know about the Actuarial Climate Index (ACI) and the Actuarial Climate Risk Index (ACRI)
Steve Kolk will deliver a presentation about the Actuaries Climate Index (ACI) and the Actuaries Climate Risk Index (ACRI). This talk will begin showing the why & how these indices were built and then explain what the ACI measures and show how it works. He'll also describe the ACRI. The presentation will conclude with a sketch of the challenges and the next steps presently being worked on.
Source:
2021 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Panelists:
Stephen Kolk
Keywords:
Extreme Event Modeling, Enterprise Risk Management, Financial and Statistical Methods, Statistical Models and Methods
PI1 - Mining for Gold: Text Analytics in Insurance
Insurers collect vast quantities of unstructured text data through normal business operations. Claim notes, loss control reports, and customer feedback are a few common examples. Language is messy and text data, in its unstructured form, is of limited use. Natural Language Processing is a quickly-growing subfield of Artificial Intelligence which aims to read, decipher, and understand language in order to gain valuable insights from text data. Actuaries can look to this field for a range of techniques, from simple to highly complex, which unlock this previously underutilized data source. Features derived through text mining add value to predictive models and other analytical efforts. Claims and underwriting are two applications where actuaries and data scientists can support decision making with text analytics.
Source:
2021 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Panelists:
Liam McGrath, Yelena Kropivnitskaya
Keywords:
Data Management and Information
MD6 - A Primer on Algorithmic Fairness in Insurance
Source:
2021 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Panelists:
James Guszcza, Daniel Bauer, Rayid Ghani
Keywords:
Ratemaking
MD5 - Machine Learning (ML) Working Party: Practical Methods and Key Issues
Source:
2021 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Moderators:
Liam McGrath
Panelists:
Navarun Jain, Marco De Virgilis, Liam McGrath, Nathaniel Loughin
Keywords:
Statistical Models and Methods
MD4 - Emerging "Bayesian" Techniques in Application
Source:
2021 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Panelists:
Gary Venter, Navarun Jain
Keywords:
Ratemaking
MD3 - NAIC White Paper Overview and Discussion
Source:
2021 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Moderators:
Kris DeFrain
Panelists:
Gennady Stolyarov, Kris DeFrain, Sandra Darby, Eric Hintikka
Keywords:
Ratemaking, Statistical Models and Methods
MD2 - Data Architecture: Do You Know Where Your Data Comes From?
Source:
2021 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Moderators:
Todd Lehmann
Panelists:
Todd Lehmann, Meghan Goldfarb
Keywords:
Data Management and Information
MD1 - Dive in! The NC Private Flood Program
In 2020, the North Carolina Department of Insurance approved a private flood program for use by the member companies of the North Carolina Rate Bureau. This session will review this new North Carolina flood program, how it was developed, and what makes it unique to other flood insurance programs across the country.
Source:
2021 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Moderators:
Rebecca Williams
Panelists:
David Evans, Rebecca Williams
Keywords:
Ratemaking
GS - Pandemics, Politics and P/C Insurance: The Indelible Legacy of COVID-19
Source:
2021 Ratemaking, Product and Modeling Seminar
Type:
General Session
Moderators:
Jamie Mills
Panelists:
Robert Hartwig
Keywords:
Accounting and Reporting, Financial and Statistical Methods, Investments
FS - Avoiding an Extinction Event: Evolution to Artificial Intelligence in the Property & Casualty Insurance Industry
Source:
2021 Ratemaking, Product and Modeling Seminar
Type:
Featured Speaker
Moderators:
Eric Krafcheck
Panelists:
Severence MacLaughlin
Keywords:
Data Management and Information, Data Mining, Data Quality, Ratemaking
GS2: U.S. Economic Outlook
The global economy lost momentum in 2019 under the shadow of trade wars and de-globalization. What can we expect in the next two years? How is the current economic outlook relevant to the insurance industry? What are the major risk scenarios to watch out for? How do financial market conditions affect investment and underwriting?
Source:
2020 Enterprise Risk Management Symposium
Type:
General Session
Panelists:
Thomas Holzheu
GS1: CRO & Risk Practitioner Panel - Risk(s) and Agility: A Discussion of Best Practices
Source:
2020 Enterprise Risk Management Symposium
Type:
General Session
Moderators:
General Charles Jacoby
Panelists:
Henry Essert, Chris Beck, Chester Szczepanski, Randi Woods Marsh
FS1: Agility: How to Navigate the Unknown and Seize Opportunity in a World of Disruption
Source:
2020 Enterprise Risk Management Symposium
Type:
Featured Speaker
Panelists:
Charles Jacoby
CS23: Who Has it Tougher? Comparing ERM Challenges at Corporations vs. Government Agencies
Source:
2020 Enterprise Risk Management Symposium
Type:
Concurrent Session
Moderators:
Sim Segal
Panelists:
Thomas Brandt
Keywords:
Risk Appetite, Risk Quantification, Other
CS22: The Intersection of ERM and ALM
While duration aspects are commonplace considerations for life & annuity companies in making investment decisions, it has only been very recently that broader aspects of risk have started to be looked at. In this session we look at what best practice companies doing to taking a more holistic approach to strategic and tactical asset allocation. In making investment decisions, are companies taking a wider view on risk and return that genuinely captures the impact on the liabilities as much as the impact on assets? Are capital (economic and statutory) aspects brought into consideration? And from a process perspective, how do Actuarial, Investments, Risk and ALM communicate and keep aligned on investment-related matters?
Source:
2020 Enterprise Risk Management Symposium
Type:
Concurrent Session
Panelists:
Anthony Dardis, Adam Lei, Nicholas Brink
Keywords:
Investment
CS21: Supplier Management Risk - Would You Accept It?
A working session where small groups will work through how to evaluate the risk that a supplier brings to their organization
Source:
2020 Enterprise Risk Management Symposium
Type:
Concurrent Session
Panelists:
Randi Woods Marsh
Keywords:
Operational Risk
