Are We There Yet? California Workers Compensation Update
Session highlighting the major provisions of the reforms on Workers Compensation with special emphasis on certain parts
Source:
2005 Casualty Loss Reserve Seminar (CLRS)
Type:
concurrent
Moderators:
Aleksey Popelyukhin
Panelists:
Alex Swedlow
Keywords:
Workers Compensation
Fair Value Accounting
A brief history of fair value accounting standards, an update on international accounting standards as they relate to fair value and the rationale behind implementing fair value accounting standards.
Source:
2005 Casualty Loss Reserve Seminar (CLRS)
Type:
concurrent
Moderators:
Aleksey Popelyukhin
Panelists:
E. Thomas, Emmanuel Bardis
Keywords:
Fair Value, International Accounting, IFRS, Risk Margins
Discounting of Self-Insured Liabilities
A discussion of the relevant actuarial and accounting literature and the real life issues associated with the consistent implementation of discounting.
Source:
2005 Casualty Loss Reserve Seminar (CLRS)
Type:
concurrent
Moderators:
Aleksey Popelyukhin
Panelists:
Marn Rivelle
Keywords:
discounting, discount rate, self-insured, accouting reserves
Structured Risk Reinsurance Defining the Terms
This session will provide an overview of FAS 113 and related statements
Source:
2005 Casualty Loss Reserve Seminar (CLRS)
Type:
concurrent
Panelists:
John Aquino, Jane Taylor, Michael Wacek
Keywords:
Risk, Reinsurance, FAS 113
Risk Transfer
This session will provide an overview of FAS 113 and related statements
Source:
2005 Casualty Loss Reserve Seminar (CLRS)
Type:
concurrent
Panelists:
John Aquino, Jane Taylor, Michael Wacek
Keywords:
FAS 113, Risk Transfer
Interaction between the Appointed Actuary and Auditor
Observations of working with the new requirement on "Data Audit Instructions for the Annual Statement"
Source:
2005 Casualty Loss Reserve Seminar (CLRS)
Type:
concurrent
Moderators:
Bryant Russell
Panelists:
Joseph Herbers, Roy Morell, Scott Trosset
Keywords:
Data, Annual Statement
US Insurance - Market Views on P&C Insurers
This session will provide a prospective on the usefulness of these Statements of Actuarial Opinion to investors, rating agencies and regultors.
Source:
2005 Casualty Loss Reserve Seminar (CLRS)
Type:
concurrent
Moderators:
Bryant Russell
Panelists:
Andrew Lund, Robert Farnum
Keywords:
P&C, Statements of Actuarial Opinion
Loss Reserves Analysis and Statements of Actuarial Opinion
This session will provide a prospective on the usefulness of these Statements of Actuarial Opinion to investors, rating agencies and regultors.
Source:
2005 Casualty Loss Reserve Seminar (CLRS)
Type:
concurrent
Moderators:
Bryant Russell
Panelists:
Andrew Lund, Robert Farnum
Keywords:
Statements of Actuarial Opinion, Loss Reserves Analysis
Atypical Circumstances in Statements of Actuarial Opinion on P&C Loss Reserves
Paper discussing the professional considerations and judgments applicable to such situations and provides sample wording.
Source:
2005 Casualty Loss Reserve Seminar (CLRS)
Type:
Paper
Panelists:
Thomas Ghezzi, David Powell
Keywords:
Statements of Actuarial Opinion, P&C, Loss Reserves
Opinion Changes for Year End 2005
NAIC instructions for the 2005 year-end statement of Actuarial Opinion presentation of changes and rational for the changes
Source:
2005 Casualty Loss Reserve Seminar (CLRS)
Type:
concurrent
Moderators:
Bryant Russell
Panelists:
Lisa Besman, Rae Taylor
Keywords:
statement of Actuarial Opinion
Insurance Risk Transfer - An Issues Update
Overview of activities undertaken by the NAIC, the American Academy of Actuaries and the CAS
Source:
2005 Casualty Loss Reserve Seminar (CLRS)
Type:
concurrent
Panelists:
Marc Oberholtzer, Nancy Watkins
Keywords:
Risk Transfer
Under-Reserving Insolvency Link
Presentation on results of analyses currently underway regarding loss reserving practices and ways to improve them.
Source:
2005 Casualty Loss Reserve Seminar (CLRS)
Type:
concurrent
Moderators:
Athula Alwis
Panelists:
Thomas Ryan, Charles Emma
Keywords:
Loss Reserving, Confidence Intervals, Tail Factors, Segment Analysis, Benchmarking
Property/Casualty Loss Reserves
Presentation on results of analyses currently underway regarding loss reserving practices and ways to improve them.
Source:
2005 Casualty Loss Reserve Seminar (CLRS)
Type:
concurrent
Moderators:
Athula Alwis
Panelists:
Thomas Ryan, Charles Emma
Keywords:
Loss Reserving, Confidence Intervals, Tail Factors, Segment Analysis, Benchmarking
Reserving for Self-Insureds
A corporate risk manager and two actuaries will discuss the challenges inherent in setting reserves for self-insured corporations and their captives.
Source:
2005 Casualty Loss Reserve Seminar (CLRS)
Type:
concurrent
Moderators:
Athula Alwis
Panelists:
Kevin Bingham, George Levine, Leon Palmer
Keywords:
Reserving
Self-Insured Reserving
A corporate risk manager and two actuaries will discuss the challenges inherent in setting reserves for self-insured corporations and their captives.
Source:
2005 Casualty Loss Reserve Seminar (CLRS)
Type:
concurrent
Moderators:
Athula Alwis
Panelists:
Kevin Bingham, George Levine, Leon Palmer
Keywords:
Reserving
Reserving for Self-Insureds
A corporate risk manager and two actuaries will discuss the challenges inherent in setting reserves for self-insured corporations and their captives.
Source:
2005 Casualty Loss Reserve Seminar (CLRS)
Type:
concurrent
Moderators:
Athula Alwis
Panelists:
Kevin Bingham, George Levine, Leon Palmer
Keywords:
Reserving, self-insured corporations
The Reserving Actuaries Roll in Risk Assessment
The session will demonstrate the value of the reserve actuary and describes how actuarial information and models can be used to help idenitfy and mitigate financial risk on the insurers balance sheet.
Source:
2005 Casualty Loss Reserve Seminar (CLRS)
Type:
concurrent
Moderators:
Athula Alwis
Panelists:
Robert Eramo, Christopher Tait, Ronald Kuehn
Keywords:
Loss Reserve Specialist, Risk Assessment, Risk, Risk Transfer, Analytical Guidelines
Reserve Actuary & Risk Assessment
The session will demonstrate the value of the reserve actuary and describes how actuarial information and models can be used to help idenitfy and mitigate financial risk on the insurers balance sheet.
Source:
2005 Casualty Loss Reserve Seminar (CLRS)
Type:
concurrent
Moderators:
Athula Alwis
Panelists:
Robert Eramo, Christopher Tait, Ronald Kuehn
Keywords:
Loss Reserve Specialist, Risk Assessment, Risk, Risk Transfer, Analytical Guidelines
Asbestos and Other Mass Torts
This session will focus on recent developments in asbestos, including changes to the compensation rules for some major backruptcy trusts and potential legislative efforts.
Source:
2005 Casualty Loss Reserve Seminar (CLRS)
Type:
concurrent
Moderators:
Athula Alwis
Panelists:
David Austern, Jonathan Levy
Keywords:
Asbestos, Mass Torts
Catastrophes - Models and Reserving
This panel will discuss the issues and pitfalls involved in reserving for known catastrophes
Source:
2005 Casualty Loss Reserve Seminar (CLRS)
Type:
concurrent
Moderators:
Athula Alwis
Panelists:
Paul Kneuer, John Rollins
Keywords:
Catastrophes Models, Reserving
WC Case Study
This session covers the concepts discussed in the preceding intermediate sessions discussing techniques to apply for estimating the loss reserves.
Source:
2005 Casualty Loss Reserve Seminar (CLRS)
Type:
Workshop
Panelists:
Jane Taylor, Marc Oberholtzer, Derek Jones, Jeremy Pecora, Kurt Johnson, Theodore Shalack, Nancy Arico, Richard Atkinson, David Vogt, Christopher Lattin, Craig Taylor, D. Lamb, Lorie Darrow, Marc Pearl, Elliot Burn, Karin Rhoads, Scott Anderson, Bonnie Shek, Gail Kappeler, Charles Cici
Keywords:
loss reserves
GL Case Study
This session covers the concepts discussed in the preceding intermediate sessions discussing techniques to apply for estimating the loss reserves.
Source:
2005 Casualty Loss Reserve Seminar (CLRS)
Type:
concurrent
Panelists:
Jane Taylor, Marc Oberholtzer, Derek Jones, Jeremy Pecora, Kurt Johnson, Theodore Shalack, Nancy Arico, Richard Atkinson, David Vogt, Christopher Lattin, Craig Taylor, D. Lamb, Lorie Darrow, Marc Pearl, Elliot Burn, Karin Rhoads, Scott Anderson, Bonnie Shek, Gail Kappeler, Charles Cici
Keywords:
loss reserves, estimating loss reserves
Investigating and Detecting Change
This session will explore a variety of techniques to detect and address changes in mix of business, claim closing patterns, and case reserve adequacy.
Source:
2005 Casualty Loss Reserve Seminar (CLRS)
Type:
concurrent
Panelists:
Jane Taylor, Marc Oberholtzer, Derek Jones, Jeremy Pecora, Kurt Johnson, Theodore Shalack, Charles White, Nancy Arico, Vincent Yezzi, Richard Atkinson, David Vogt, Christopher Lattin, Craig Taylor, D. Lamb, Lorie Darrow, Marc Pearl, Elliot Burn, Karin Rhoads, Scott Anderson, Bonnie Shek, David Westerholm, Larry White, Gail Kappeler, Charles Cici
Keywords:
reserve adequacy
Considerations in Evaluating Changing Conditions
A series of considerations that can help bring understanding of volatity of initial estimates.
Source:
2005 Casualty Loss Reserve Seminar (CLRS)
Type:
concurrent
Panelists:
Jane Taylor, Marc Oberholtzer, Derek Jones, Jeremy Pecora, Kurt Johnson, Theodore Shalack, Charles White, Nancy Arico, Vincent Yezzi, Richard Atkinson, David Vogt, Christopher Lattin, Craig Taylor, D. Lamb, Lorie Darrow, Marc Pearl, Elliot Burn, Karin Rhoads, Scott Anderson, Bonnie Shek, David Westerholm, Larry White, Gail Kappeler, Charles Cici
Keywords:
volatity of initial estimates
You Set the Reserve for Line A
Participants will receive three sets of data and will be asked to develop reserve estimates using the basic methods presented.
Source:
2005 Casualty Loss Reserve Seminar (CLRS)
Type:
concurrent
Panelists:
Jane Taylor, Marc Oberholtzer, Derek Jones, Jeremy Pecora, Kurt Johnson, Theodore Shalack, Charles White, Nancy Arico, Vincent Yezzi, Richard Atkinson, David Vogt, Christopher Lattin, Craig Taylor, D. Lamb, Lorie Darrow, Marc Pearl, Elliot Burn, Karin Rhoads, Scott Anderson, Bonnie Shek, David Westerholm, Larry White, Gail Kappeler, Charles Cici
Keywords:
Reserve