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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.
Risk Tolerances and Measurements
Learn all about different approaches to measure risk in this
interesting session. The ERM framework requires practitioners
to implement risk metrics and to establish risk tolerances
for use in the enterprise risk management system. Expert
panelists will discuss:
- Unique approaches used to measure risk
- Establishing risk tolerances
- The pros and cons of the different metrics
- Practical considerations required to establish
and implement meaningful tolerances.
Source:
2006 Enterprise Risk Management Symposium
Type:
concurrent
International Practices and Developments in ERM
Interested in international and forward thinking about ERM? Be sure to take part in this session. Some international players are taking leadership in establishing innovative ERM thinking and best-in-class ERM practice. With an international scope, the knowledgeable panelists will share some of the latest developments in ERM thinking and the current state of interdisciplinary and cross-profession collaboration while showcasing an ERM study that combines qualitative risk assessment and robust quantification.
Source:
2006 Enterprise Risk Management Symposium
Type:
concurrent
Economic Capital: Company Models vs. Rating Agency and Regulatory Capital Requirements
Don't miss this session as experienced panelists give an overview of the various approaches for determining an insurance company's capital: economic capital, rating
agency capital and regulatory capital as well as their uses and applications. In particular the panelists will analyze the implications of recent and proposed regulatory changes for determining capital and reserves directed at using economic capital methodology, i.e., reflecting a company's proprietary risks.
Source:
2006 Enterprise Risk Management Symposium
Type:
concurrent
What is Enterprise Risk Management?
Join expert panelists as they probe three crucial questions:
1. What are the ultimate objectives of ERM and what benefits do they imply for firms that implement it?
2. In what way are these objectives new, significant and distinct from traditional corporate risk management and from DFA?
3. What are the significant conceptual, technical and political challenges a firm must confront in implementing ERM?
The presentations will be widely applicable, but will use financial service firms as examples.
Source:
2006 Enterprise Risk Management Symposium
Type:
concurrent
Prediction of Hurricane Frequency and Intensity
Prediction of Hurricane Frequency and Intensity The last two Atlantic hurricane seasons have been much more active than average. In addition, a large number of land falling intense hurricanes in 2004 and 2005, resulted in substantial insured losses.
Source:
2006 Seminar on Reinsurance
Type:
concurrent
Moderators:
Elise Liebers
Panelists:
Dali Rowe, Thomas Knutson
Experience Rating
This session is aimed at actuaries who are new to reinsurance or other nonactuarial insurance professionals. It will cover the basic steps involved in experience rating treaties as well as procedures for credibility weighting the experience and exposure rating methods. It will also address some complications that often arise such as a shift over the years in the mix of business or the policy limit distribution.
Source:
2006 Seminar on Reinsurance
Type:
concurrent
Panelists:
James Sandor
Catastrophe Modeling
Catastrophe models have developed tremendously in the last ten years. How far have we gotten? What mistakes have we made? What are we doing about them? What did we learn in 2004 and 2005? The panel will discuss elements of the models as viewed from a variety of positions. We will have speakers from regulation, reinsurance, and (we hope) the primary side. We all should be aware, and some of us are probably actively involved in, catastrophe modeling. Let's all try to learn more and provide some direction for the future.
Source:
2006 Seminar on Reinsurance
Type:
concurrent
Panelists:
Harvey Sherman
Capital Market Focus: The Reinsurance Capital Cycle
The past 20 years have seen four notable periods of the entrance of new capital into reinsurance markets. The panelists will compare and contrast the cycles, including the state of the reinsurance market immediately prior to the capital infusions, notable events, market participants and their expectations at investment. The events of 2005 and the subsequent capital raising will be discussed and will include discussion on sidecar vehicles and securitizations.
Source:
2006 Seminar on Reinsurance
Type:
concurrent
Moderators:
Elise Liebers
Panelists:
Jeffrey Cohen, Michael Millette
2005 A Year in Review
This panel will review the tumultuous past year in the industry. They will begin with a review of the pre-Katrina underwriting and competitive environment. They will then review the devastating impact of the three hurricanes, the lessons learned from these events, and the subsequent flow of capital into the industry. Finally, they will discuss their views of the underwriting environment in 2006 and how they see the market evolving over the next year.
Source:
2006 Seminar on Reinsurance
Type:
general
Moderators:
Elise Liebers
Panelists:
Kenneth LeStrange, Rod Thaler
Marine/Aviation
This session will present an overview of marine and aviation business from an underwriting and actuarial perspective. The session will cover data issues and current actuarial approaches to pricing, including applications of experience rating, exposure rating, and catastrophe modeling.
Source:
2006 Seminar on Reinsurance
Type:
concurrent
Moderators:
Elise Liebers
Panelists:
Michael Mahoney, Steven Searle, Lee Tookey
Workers Compensation
Covering two topics related to workers compensation insurance, this session panel will first discuss new methodologies and other changes recently implemented by the NCCI and their potential impacts on the analysis of workers compensation excess of loss treaties. Second, the session panel will explore a new approach to reserving for workers compensation excess of loss treaties.
Source:
2006 Seminar on Reinsurance
Type:
concurrent
Moderators:
Elise Liebers
Panelists:
Michael McKnight, Gregory Engl, Daniel Corro
Umbrella and Excess Liability
This year's session will focus on understanding and quantifying price movement in umbrella and excess liability. Panelists will discuss the issues that make price monitoring particularly difficult for these lines, reasonable benchmarks for new business, actuaries' responses to these challenges. The session will include perspectives of reinsurance actuaries, as well as actuaries from umbrella/excess insurers.
Source:
2006 Seminar on Reinsurance
Type:
concurrent
Moderators:
Peter Licht
Panelists:
Anup Seth, Jason Kundrot
Riskiness Leverage Models
Rodney Kreps won the 2005 CAS Dorweiler prize for his paper "Riskiness Leverage Models." These models are a general formulation of risk load for total cash flows, allowing completely additive co-measures at any level of detail for any dependency structure between random variables constituting the total. They are founded on the intuition that some total outcomes are more risky per dollar than others, and the measure of that is a "riskiness leverage ratio." This riskiness leverage function is essentially an arbitrary choice, enabling an infinite variety of management attitudes toward risk to be expressed. Because of this flexibility, these models are of particular interest to reinsurers.
Source:
2006 Seminar on Reinsurance
Type:
concurrent
Moderators:
Peter Licht
Panelists:
Rodney Kreps, Robert Bear
Reinsurance Research Corner
Hosted by the CAS Reinsurance Research Committee, the Research Corner is a forum to present preliminary reports on works in progress or recently completed. Research Corner participants can pose new problems and demonstrate innovative practical approaches. Individual investigators as well as representatives of research working parties and other groups are encouraged to participate. There is no need to preregister-"walk in" speakers are most welcome, though advance notice is appreciated whenever possible. Speakers should plan on having ten to fifteen minutes to make their presentation. Attendees who would like to present their work during this session are invited to contact the moderator at robingillam@earthlink.net
Source:
2006 Seminar on Reinsurance
Type:
concurrent
Moderators:
Peter Licht
Parameter Risk-Where Does it Come From and Why Do We Care?
Is parameter risk simply the variance of the hypothetical means or is it all the risk we cannot model? Maybe it's something in between. Maybe it's something we can model; at least to the extent quantification is needed. Maybe not. In any case, there's probably a lot more of it than you realize.
Source:
2006 Seminar on Reinsurance
Type:
concurrent
Panelists:
Spencer Gluck
Exposure Rating: Unique Applications
This session will review some nonstandard applications of exposure rating. The first speaker will discuss how she used the ISO ILF curves to build a model that reviews the adequacy of client umbrella pricing on an individual account basis. Our next speaker will discuss the workers compensation excess of loss model that he has constructed. One of the model's key features is that it varies indicated excess factors in a more refined manner than the standard four hazard groups approach. The final speaker will discuss how he used the statistics provided in the recent Surety Association of America contract loss severity study to build an exposure rating model for that business.
Source:
2006 Seminar on Reinsurance
Type:
concurrent
Panelists:
Jose Couret, Halina Smosna, David Curtis
ERM: Rating Agency & Asset/Investment Issues
This session will discuss several important issues in effective Enterprise Risk Management (ERM):
* S&P and other rating agencies have recently announced new initiatives to assess companies' ERM practices as part of the ratings process. David Ingram will give an overview of S&P's new initiative and how companies will be assessed in five key areas: risk-management culture, risk controls, extreme-event management, risk and capital models, and strategic risk management. Asset and investment issues will also be discussed.
* Asset allocation and other investment issues in ERM will be discussed by Jim Bachman of New England Asset Management and Richard Goldfarb of Ernst & Young.
Source:
2006 Seminar on Reinsurance
Type:
concurrent
Moderators:
Allan Kaufmann
Panelists:
David Ingram, James Bachman, Richard Goldfarb
Environmental Liability
This session will present an overview of Environmental Liability from both underwriting and actuarial perspectives. The session will cover the origins and development of the market, common coverages, data issues, and current actuarial approaches to pricing and reserving.
Source:
2006 Seminar on Reinsurance
Type:
concurrent
Moderators:
Allan Kaufmann
Panelists:
Peter Schultheiss, Robert Weireter
Ceding Company Considerations
Besides the ceded premium and ceded loss, there are many other issues that ceding companies consider when purchasing a treaty. For example, judging broker and reinsurer service quality, reinsurance and risk management expertise, structuring advice, data work and technology, catastrophe modeling, security criteria and valuation, ratings agency assistance, loss payment and collection, market access, and so on. The panelists will discuss approaches to evaluating these considerations in the reinsurance purchase decision.
Source:
2006 Seminar on Reinsurance
Type:
concurrent
Moderators:
Daniel Blau
Panelists:
William Blatcher, Wanchin Chou, David Flitman
Proceedings Paper Presentations
Why Larger Risks Have Smaller Insurance Charges
Source:
2006 Spring Meeting
Type:
Paper
Moderators:
Michael Miller
Keywords:
Risk
Proceedings Paper Presentations
Discussion of "Riskiness Leverage Models" by Rodney Kreps
Source:
2006 Spring Meeting
Type:
Paper
Moderators:
Michael Miller
Keywords:
Leverage Models
Discussion Paper Presentations
Sarbanes-Oxley Section 404 Internal Controls and Actuarial Processes
Source:
2006 Spring Meeting
Type:
Paper
Moderators:
Michael Miller
Keywords:
Sarbanes-Oxley Section 404
Hachemeister Prize Paper
Pragmatic Insurance Option Pricing
Source:
2006 Spring Meeting
Type:
Paper
Moderators:
Geoffrey Werner
Keywords:
Hachemeister Prize, Pricing
ARIA Prize Paper
The Use of Dynamic Financial Analysis to Determine Whether an Optimal Growth Rate Exists for a Property-Liability Insurer
Source:
2006 Spring Meeting
Type:
Paper
Moderators:
Jon Michelson
Keywords:
ARIA Prize, Dynamic Financial Analysis
Session III - Reserve Variability
Two Basic Models
Source:
2006 Spring Meeting
Type:
concurrent
Panelists:
David Clark
