Basic Ratemaking: 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.
Source:
2009 Ratemaking and Product Management Seminar
Type:
Workshop
Moderators:
Anne Kelly
Panelists:
Ain Milner, Christopher Cooksey, Christopher Stoll
Keywords:
Ratemaking
Product Development: Details Of Implementation
This is the second part of the product development workshop, which may be characterized as "putting the pedal to the metal." The participants will interactively learn the basics of development of rates, rules, and forms; systems programming and training identification; and regulatory filings and approval.
Source:
2009 Ratemaking and Product Management Seminar
Type:
Workshop
Moderators:
Anne Kelly
Panelists:
Bill Wilkins
Keywords:
Product Development Implementation
Cat Modeling: Your Input and the Modelers' Input
How do you ensure that your model input data is accurate or that your data was collected for use in a cat model? How do you massage the data to get a good answer? The modeler makes choices when designing and developing the models that you use. We look at different choices that the modelers make in building their model and choices the modeler allows you to make in using the model. Attend this workshop to learn what you need to know, to ask, and consider in choosing and using a model.
Source:
2009 Ratemaking and Product Management Seminar
Type:
Workshop
Moderators:
Anne Kelly
Panelists:
Richard Anderson, David Lalonde, Shawna Ackerman
Keywords:
Cat Modeling
Basic Ratemaking: Overall Rate Level Indication Considerations from both Commercial and Personal Lines Perspectives
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 provision. Not intended for those preparing for Exam 5.
Source:
2009 Ratemaking and Product Management Seminar
Type:
Workshop
Moderators:
Martin Ellingsworth
Panelists:
Ain Milner, Christopher Cooksey, Christopher Stoll
Keywords:
Ratemaking
Cat Modeling: Modeled Catastrophes, Basic Concepts and Commonalities
Most everyone has heard about earthquake and hurricane models for property insurance but what other events and lines of business are modeled? And just what does the model output mean?
Featuring a basic survey of catastrophes and coverages that have been modeled, this session will introduce participants to the common concepts needed to think about and use the models and their output.
Source:
2009 Ratemaking and Product Management Seminar
Type:
Workshop
Moderators:
Elizabeth Murphy
Panelists:
David Lalonde, Shawna Ackerman
Keywords:
Cat Modeling
Product Development: Niche Identifcation And Data Analysis
This is the first segment of a workshop designed to teach the basic elements of product development, including:
* Niche identification
* Consumer research
* Data gathering and competitive analysis
* Data analysis and predictive modeling
* Identifying key stakeholders
Source:
2009 Ratemaking and Product Management Seminar
Type:
Workshop
Moderators:
Thomas Ho
Panelists:
Robin Harbage, Bill Wilkins
Keywords:
Niche Identifcation And Data Analysis
Exposure Draft of the CAS Continuing Education Policy
In September, the CAS Board of Directors authorized the release of the Exposure Draft of the CAS Continuing Education Policy, with a comment deadline of December 19, 2008. In an effort to ensure that members and employers of actuaries are fully aware of the proposed continuing education policy and how the policy will affect them, the CAS is offering a complimentary Webinar.
The Webinar will include:
* Brief overview of the developments leading to the proposed continuing education policy.
* Discussion of the rationale for the policy.
* Outline of how CAS members are affected by the proposed policy.
* Summary of the timeline for implementing the proposed policy.
* Question and answer session.
Source:
2008 Webinar
Type:
webinar
The Credit Crunch: Some Consequences on the European Insurance Market
Source:
2008 Regional Affiliate - CAE
Type:
affiliate
Panelists:
Thomas Cordier
Keywords:
Credit Crunch
Granular Loss Modelling
Source:
2008 Regional Affiliate - CAE
Type:
affiliate
Panelists:
Simon Margetts
Keywords:
Loss Modelling
Can we trust Nat Cat models?
Source:
2008 Regional Affiliate - CAE
Type:
affiliate
Panelists:
Balz Grollimund
Keywords:
catastrophe models
Solvency II: Recent Developments
Source:
2008 Regional Affiliate - CAE
Type:
affiliate
Panelists:
Jeff Courchene
Keywords:
Solvency II
Modeling Complex Organizations: the Problem of Risk Aggregation
Source:
2008 Regional Affiliate - CAE
Type:
affiliate
Panelists:
Nigel Hooker
Keywords:
Risk Aggregation
Actuarial vs Financial Engineering
Source:
2008 Regional Affiliate - CAE
Type:
affiliate
Panelists:
Frank Cuypers
Keywords:
Financial
Price Monitoring: French XS Motor Market
Source:
2008 Regional Affiliate - CAE
Type:
affiliate
Panelists:
Adrien Tessières
Keywords:
Price Monitoring
Catastrophe Ratemaking
Source:
2008 Regional Affiliate - CAE
Type:
affiliate
Panelists:
Jillian Williams
Keywords:
Catastrophe Ratemaking
Non-Life Securitisation
Source:
2008 Regional Affiliate - CAE
Type:
affiliate
Panelists:
Graham Fulcher
Keywords:
Non-Life Securitisation
Trade Receivables Financing Post the Credit Crunch
Source:
2008 Regional Affiliate - CAE
Type:
affiliate
Panelists:
Alastair Malcolm
Keywords:
Credit Crunch
Pricing Actuaries: Adding Value in a Soft Market
Source:
2008 Regional Affiliate - CAE
Type:
affiliate
Panelists:
Ana Mata
Keywords:
Pricing
Current CAS Issues and Directions
Source:
2008 Regional Affiliate - CAE
Type:
affiliate
Panelists:
Tom Myers
Enterprise Risk Management
Rick first covered steps in the risk management process and possible goals of that process. He then discussed the evolution of ERM as well as its current state. He next covered issues in ERM implementation, the components of the ERM process, and the keys to success in ERM. Rick then discussed observations from the CAS ERM online course as well as issues faced in advancing ERM. He concluded with a discussion of both the challenges associated with ERM and the benefits he sees from that process.
Source:
2008 Regional Affiliate - MAF
Type:
affiliate
Panelists:
Rick Gorvett
Keywords:
risk management, Enterprise Risk Management, ERM
Effective means of presenting DRM results
He began with an overview of the work completed by a CAS Working Party he co-chaired, which focused on how to present DFA results. He then walked through a sample presentation, pointing out the specific aspects of that presentation that were most effective in communicating highly technical results. He also gave examples of PowerPoint slides to be used in such presentations.
Source:
2008 Regional Affiliate - MAF
Type:
affiliate
Panelists:
Mike Larsen
Keywords:
DRM, DFA
State of the property/casualty insurance marketplace
Carol detailed industry statistics on net income, investment gains, policyholder surplus, written premium growth, return-on-equity, and combined rations. She then talked about the states of the respective reinsurance, property, casualty, and umbrella marketplaces, as well details regarding the costs of the US tort system and increasing medical costs for workers compensation. She concluded by discussing the major challenges currently facing the industry.
Source:
2008 Regional Affiliate - MAF
Type:
affiliate
Panelists:
Carol Murphy
Keywords:
written premium growth, return-on-equity, and combined rations, property/casualty insurance
Update on both CAS Board activities
Among the topics he discussed were the CAS Centennial Goal, CAS education strategy and initiatives, the new actuarial qualification standards, ERM initiatives, and upcoming CAS events. He also solicited member input on various subjects of interest to the CAS Board.
Source:
2008 Regional Affiliate - MAF
Type:
affiliate
Panelists:
Bob Miccolis
NCCI's research into prescription drugs and their impact on Workers Compensation
His presentation touched upon how workers' compensation drug costs are changing, cost containment options, and the key findings from the NCCI's research.
Source:
2008 Regional Affiliate - MAF
Type:
affiliate
Panelists:
Barry Lipton
Keywords:
workers' compensation
Catastrophe Reinsurance Ratemaking
Sean covered in this session how reinsures price for the natural and man-made catastrophic perils in their contracts. The process includes running the vendor models, making adjustments to those models, and reviewing the experience and determining the loads for "unmodeled" perils.
Source:
2008 Regional Affiliate - MAF
Type:
affiliate
Panelists:
Sean Devlin
Keywords:
Catastrophes, Reinsurance, Ratemaking