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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.
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Session II - Reserve Variability
Who is Doing What?
Source:
2006 Spring Meeting
Type:
concurrent
Panelists:
Roger Hayne, Mark Shapland
Session I - Reserve Variability
Where Are We Today?
Source:
2006 Spring Meeting
Type:
concurrent
Panelists:
Rodney Kreps, Mark Shapland
Enterprise Risk Management
New Approach to Ratemaking and Reserving
Source:
2006 Spring Meeting
Type:
concurrent
Moderators:
Jon Michelson
Panelists:
Russell Bingham
Enterprise Risk Management
Theory and Practice
Source:
2006 Spring Meeting
Type:
concurrent
Moderators:
Jon Michelson
Panelists:
Christopher Bohn
Why Don't Catastrophe Models Work or Do They
The United States has experienced unprecedented catastrophe activity in the last two years. In 2004, we experienced an unusual frequency of hurricanes. 2005 educated us on the severity. As a result, today, insurers and reinsurers are questioning the credibility of the catastrophe models they have been using over the last decade.
Source:
2006 Spring Meeting
Type:
concurrent
Moderators:
Jon Michelson
Panelists:
David Lalonde, Maria Kovas
The Status of Sarbane Oxley and Insurance
As the initial push for publicly held companies to get compliant with Sarbanes Oxley (Section 404) has ended, we can step back and take a look at where the Insurance Industry stands currently. This session will focus on two main areas: What lessons have we learned, and are there any potential issues on the horizon?
Source:
2006 Spring Meeting
Type:
concurrent
Moderators:
Jon Michelson
Panelists:
Steven Visner, Michael Kooken
Should There Be a National Catastrophe Pool?
The costly and devastating hurricanes of 2004 and 2005 have prompted some major insurers and government officials to propose significantly different involvement of state and federal government for funding catastrophic losses. The concept is that major natural disasters - Katrina-size hurricanes or severe earthquakes - are essentially uninsurable or not efficiently insurable by the private insurance/reinsurance market. The structure of government involvement might be a network of state or regional catastrophe funds that provide a financial backstop to insurers. Above these funds would be a national catastrophe fund that would collect premium from the state/regional funds and pay losses for the most extreme events.
Source:
2006 Spring Meeting
Type:
concurrent
Moderators:
Chris Bozman
Panelists:
Edward Collins, Mary Seidel
Pharmaceutical Products Liability
Is there another mega pharmaceutical exposure like Vioxx lurking in the dark? Each year the estimate of the ultimate costs of pharmaceutical claims seems to grow. Given most of these were not considered a significant exposure initially, what other exposures loom. Will the next mega exposure be weight loss drugs that may cause heart problems? How do insurers and manufacturers forecast and deal with these changing exposures? What are actuaries, claims people and underwriters doing to analyze and mitigate these exposures? The panel will discuss emerging exposures and offer their opinion as to their likely impact.
Source:
2006 Spring Meeting
Type:
concurrent
Moderators:
Chris Bozman
Panelists:
Claire Louis, Rick Ramotar
Medical Malpractice
Is the Crisis Over?
Source:
2006 Spring Meeting
Type:
concurrent
Moderators:
Chris Bozman
Panelists:
Kevin Bingham, Robert Walling
International Issues
Why Should I Care About International Issues?
Source:
2006 Spring Meeting
Type:
concurrent
Moderators:
Chris Bozman
Panelists:
Glenn Meyers, Mary Miller
How Have Investigations, Subpoenas and the New NAIC Attestation and Disclosure Requirements Impacted the Reinsurance Market?
The session will address impacts from the new "finite" disclosure and attestation rules. Also covered will be the current views of RAA, CAS, AAA, and the New York Insurance Department and how the industry has reacted to those views.
Source:
2006 Spring Meeting
Type:
concurrent
Moderators:
Holmes Gwynn
Panelists:
Spencer Gluck, Kenneth Kruger
Excess Workers Compensation Pricing Methodologies
The panel will discuss current Excess Workers Compensation pricing methodologies, practical issues surrounding the current methodologies, the use and application of NCCI ELFs and the potential impact of the change to NCCI hazard groups.
Source:
2006 Spring Meeting
Type:
concurrent
Moderators:
Thomas Moylan
Panelists:
Gary Venter, Jose Couret
The Actuary and Enterprise Data Strategies
Part II:How Do we Get There
Source:
2006 Spring Meeting
Type:
concurrent
Moderators:
Roger Wade
Panelists:
Gary Knoble, Bruce Tollefson, Art Cadorine
The Actuary and Enterprise Data Strategies
Part I:Why EDS and What Roles the Actuary Should Play
Source:
2006 Spring Meeting
Type:
concurrent
Moderators:
Roger Wade
Panelists:
Gary Knoble, Bruce Tollefson, Art Cadorine
Actuarial Malpractice:Guide for a Practicing Actuary
This panel will address this topic from several different perspectives; practical advice from the perspective of Professional Standards, a view point of an attorney involved in defending actuaries, and words of caution from a fellow actuary.
Source:
2006 Spring Meeting
Type:
concurrent
Moderators:
Roger Wade
Panelists:
Ronald Lepinskas, Thomas Griffin
International Reserving Practices
The panel will discuss reserving practices and regulatory requirements in their respective country/region, the role of the actuary in the reserving process, as well as their country's experience with establishing accurate reserves.
Source:
2006 Spring Meeting
Type:
general
Moderators:
Roger Wade
Panelists:
Catherine Cresswell, Ricardo Tagliafichi, Junji Furuki
Enterprise Risk Management Roundtable-Where Are We?
This panel will share their experiences, describe how their responsibilities have changed over time, and where they see ERM evolving. They will also discuss some of the challenges they have faced implementing ERM and their "secrets of success" as well as give their views on possible areas for additional research.
Source:
2006 Spring Meeting
Type:
general
Moderators:
Wendy Germani
Panelists:
Donald Mango, David Ingram, Steve Lowe
Bayesian Estimation of Parameters: Advantages and Practical Examples
Bayesian methods are an alternative to maximum likelihood when estimating parameters of a loss model. The major advantage is that information regarding estimation and prediction error is an immediate by-product of the analysis. In this session, the Bayesian paradigm will be reviewed and two computational methods presented.
Source:
2006 Ratemaking Seminar
Type:
concurrent
Moderators:
Wendy Germani
Panelists:
Stuart Klugman
Incorporating Reinsurance Costs and Risk Loads into Personal Lines Rates
An alternative to reinsurance is the use of internal capital. However, if an insurer chooses to use internal capital, an adequate risk-adjusted return must be earned on that capital. In many instances, insurers have found it difficult to convince regulators to allow actuarially sound risk loads in property lines. This has had unintended consequences, increasing the size of residual markets and the use of expensive reinsurance. The second half of this session will examine how regulators may be able to improve the availability and affordability of property insurance by creating incentives for insurers to tap internal capital to support Homeowners writings.
Source:
2006 Ratemaking Seminar
Type:
concurrent
Moderators:
Wendy Germani
Panelists:
Eric Huls, Rad Musulin
Ratemaking: An ERM Function
How does the ratemaking silo relate to an insurer's enterprise-wide ERM process? How is ratemaking an ERM function? The panelists will address this and many more issues regarding ERM, risk and return analysis, and the ratemaking function.
Source:
2006 Ratemaking Seminar
Type:
concurrent
Moderators:
Wendy Germani
Panelists:
Russell Bingham, Curtis Parker
Viewing Risk through the eyes of the Insured
Among the research forums including those on the Committee on the theory of Risk, have produced numerous thought-provoking issues and considerations in determining profitability benchmarks within the property/casualty insurance products. Issues discussed will include, but not be limited to, the best use of risk metrics, comparing and contrasting the different philosophies of "capital appropriation to line" techniques (capital allocation, capital sharing, etc.), how to best address correlation and parameter risk considerations, and a host of other topics. Is there a true market value to consider and how is it best measured? How is the time value of risk reflected?
Source:
2006 Ratemaking Seminar
Type:
concurrent
Moderators:
Wendy Germani
Panelists:
Louise Francis, Glenn Meyers, David Ruhm
State-specific Issues in Personal Lines - Modeling Lessons Learned from the 2005 Hurricanes
Panelists will also discuss lessons from the Gulf coast hurricanes in 2005 regarding the evaluation of catastrophe risk, and the impact on insurance markets in affected areas.
Source:
2006 Ratemaking Seminar
Type:
concurrent
Moderators:
Wendy Germani
Panelists:
David Lalonde, Bernard Flynn
Credit Scoring Update
This session will update attendees on insurer's use of credit as well as the political and regulatory issues surrounding credit. Topics to be discussed will include different ways insurers are using credit, state regulatory and legislative actions, correlation/disproportionate impact/disparate impact, and the Federal Trade Commission Study.
Source:
2006 Ratemaking Seminar
Type:
concurrent
Moderators:
Wendy Germani
Panelists:
John Wilson, Richard Smith
The Key Challenges for Today's Workers Compensation Underwriters
An overview of the current state of the workers compensation line will be presented, including a review of financial results, recent trends, and a discussion of where the line might be headed.
Source:
2006 Ratemaking Seminar
Type:
concurrent
Moderators:
Wendy Germani
Panelists:
Jennifer Tomilin
Distinguishing the Forest from the Trees
In this paper we will introduce some available regression tree approaches and explain how they are used to model nonlinear dependencies in insurance claim data. We investigate the relative performance of several software products in predicting the key claim variables for the decision to investigate for excessive and/or fraudulent practices, and the expectation of favorable results from the investigation, in a large claim database.
Source:
2006 Ratemaking Seminar
Type:
Paper
Moderators:
Wendy Germani
Panelists:
Louise Francis, Richard Derrig
Keywords:
model nonlinear dependencies, insurance claim data
