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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.
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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.
Experience Rating-Current Challenges
Session panelists will discuss some of the differences that exist in the workers compensation experience rating plans being used in several states. A brief overview of each plan including any recent changes will be provided. Actual plan performance will be discussed where available and a comparison of experience modifications under the various plans for several hypothetical examples will also be reviewed.
Source:
2004 Ratemaking Seminar
Type:
concurrent
Moderators:
Stuart Mathewson
Panelists:
William Miller
Data Warehousing
Best Practices in Data Mining & Data Warehousing for Actuaries: Shifting from Data Management to Data Analysis Most actuaries today spend 80% of their time getting data aggregated vs. analyzing it. This session will review best practices in data warehousing and data mining and how actuaries can leverage these practices to remove themselves from the role of data management and focus on the real analysis. A review of emerging data mining practices and applications will also be covered.
Source:
2004 Ratemaking Seminar
Type:
concurrent
Moderators:
Stuart Mathewson
Enterprise Data Strategies
To compete in business, companies are depending more and more on a critical corporate asset—data. The process of acquiring and managing data is further complicated by the growing dependency on third-party data and regulations (both public and private) that govern data availability and accessibility (i.e., Sarbanes-Oxley, Gramm-Leach-Bliley, NAIC Market Conduct Annual Statement and OFAC compliance, and U.S. Patriot Act). Companies routinely develop short- and long-term strategies and plans for strategic business units, finance, and information technology, but is adequate consideration given to data strategies and plans needed to support these short- and long-term activities and are the data underlying corporate financials accurate? This session will focus on the need for companies to coordinate and integrate data activities and to formulate enterprise data strategies that are in sync with overall corporate strategies and resource plans. Discussions will include the need to identify emerging threats and opportunities to corporate data, such as data quality, data privacy, and data standards.
Source:
2004 Ratemaking Seminar
Type:
concurrent
Moderators:
Kevin Anderson
Panelists:
Gary Knoble, Nathan Root, Kim McMillon
Data Mining in the Property/Casualty Insurance Industry
In recent years, data mining techniques have been increasingly applied within the property/casualty insurance industry to such areas as pricing, underwriting, marketing, and claim management. This session will provide an overview of data mining in property/casualty insurance, with specific attention given to actuarial considerations relevant to data mining in insurance. Topics to be discussed include the business and statistical backgrounds of data mining, data sources, the steps involved in a typical data mining project, model validation, and potential property/casualty applications. Several popular data mining techniques, including Neural Networks, CART, MARS, and Association Rules, will be covered in some detail
Source:
2004 Ratemaking Seminar
Type:
concurrent
Moderators:
Kevin Anderson
Panelists:
Louise Francis, Jim Guszcza
Introduction to Profit Provision Calculations
Learn alternative approaches to calculating the profit provision component of indicated premium and understand the different approaches in this survey session. After establishing basic definitions and concepts, panelists will examine the different contexts in which actuaries perform profit provision calculations. Further discussions will touch on why different methods are used in rate filings for different states and why still other methods might be used for deriving internal company indications. Panelists will show some simple examples and offer their observations on the sensitivity of results to relevant input parameters. In keeping with the introductory nature of the session, no advanced topics will be discussed.
Source:
2004 Ratemaking Seminar
Type:
concurrent
Moderators:
Kevin Anderson
Panelists:
Ira Robbin
Introduction to Reinsurance Pricing
Session attendees will learn the fundamentals of pricing reinsurance contracts. The session includes an overview of the basic types of reinsurance a pricing actuary will encounter, including quota share, excess of loss, and catastrophe covers. Using practical examples, panelists will discuss the different approaches used in pricing each type of contract, and the data and assumptions required to price these contracts. Also emphasized will be qualitative factors and negotiating strategies that often enter into reinsurance pricing.
Source:
2004 Ratemaking Seminar
Type:
concurrent
Moderators:
Kevin Anderson
Introduction to Increased Limits Ratemaking
In addition to general concepts of increased limits ratemaking, session panelists will discuss methods for using loss experience to develop increased limits factors. The session will also provide an overview of excess and deductible pricing.
Source:
2004 Ratemaking Seminar
Type:
concurrent
Moderators:
Kevin Anderson
The Indication-Is That Your Final Answer?
Inexperienced actuaries believe that their work is complete once the indication has been developed. In reality, however, this is just the first step. The indication is just that-an indication-not a final answer. Actuaries must interpret the indication for its validity as a projection. Were there any anomalies in the data that distort the indication? Are there any changes, or planned changes, in practice that would affect the indication? Actuaries must then evaluate the marketplace and competitive position, including impact on customer retention, agent reaction, and potential adverse selection. These evaluations give alternative views of how much rate the actuary could take. Finally, the actuary must evaluate means other than base rate changes to affect revenue that can address the indication, such as expense modifications, and underwriting guidelines.
Once an approach is determined, the actuary can also stress test the planned action though scenario modeling or other methods. Session panelists will develop these concepts through the use of various examples and alternative approaches.
Source:
2004 Ratemaking Seminar
Type:
concurrent
Panelists:
Elizabeth DePaolo, Guo Harrison
Introduction to Ratemaking Relativities
Discover the concepts and techniques that are vital for determining various relativities in insurance pricing. In addition to an overview of general concepts, this session will present several examples of particular techniques used by actuaries in determining relativities.
Source:
2004 Ratemaking Seminar
Type:
concurrent
Moderators:
Chester Szczepanski
Panelists:
Frank Gribbon, Julie Jordan
Basic Techniques for an Overall Indication
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. The specific techniques presented will have an emphasis toward personal lines. (Not intended for those preparing for Exam 5).
Source:
2004 Ratemaking Seminar
Type:
concurrent
Moderators:
Chester Szczepanski
Panelists:
Brandon Emlen
Introductory Data Management
Session panelists will address basic issues behind data management, issues of privacy and confidentiality, the actuarial standards concerning data quality, issues concerning how to control the data, and the need to be concerned about data quality.
Source:
2004 Ratemaking Seminar
Type:
concurrent
Moderators:
Chester Szczepanski
Panelists:
Alan Hapke, Holmes Gwynn, Nathan Root
The Medical Malpractice Insurance Crisis
Medical malpractice insurance rates have doubled and tripled for certain practitioners over the last several years. Several major writers have withdrawn from this line either by choice or by insolvency. Practitioners are threatening strikes and moving to other locales. President Bush has advocated tort reform.
This session will focus on this crisis. Representatives of the medical profession, insurance industry, and the trial bar will participate in a lively discussion of the issues driving this crisis. The opportunity for audience participation will also be provided.
Source:
2004 Ratemaking Seminar
Type:
general
Moderators:
Chester Szczepanski
Panelists:
Gail Ross, Linda Dembiec, Samuel Marshall, James Redmond
World Trade Center Update
Since the initial reserve estimates of the World Trade Center losses, there has been little activity regarding reserve levels. There has been much talk of possible reserve changes due to some favorable developments such as the Victim's Compensation Fund, lower than expected new claims emergence, settlement activities, and other circumstances. The panelist will discuss the initial assumptions, other issues, and a current view of the World Trade Center estimates.
Source:
2004 CARe LAS - Terrorism
Type:
affiliate
Moderators:
Andrew Bockelman
Panelists:
Stephen Lowe
The Terrorism Risk Insurance Act of 2002 (TRIA)
With TRIA due to expire in December 2005, current discussions are focusing on extending coverage. This session will focus on the pricing aspects, terms and conditions, and some of the more practical issues associated with TRIA. These issues include how to incorporate TRIA's costs into rating plans, underwriting guidelines, claims reserving and systems. The panel will also discuss the current proposals for TRIA's extension, as well as, the costing, timing, and associated issues.
Source:
2004 CARe LAS - Terrorism
Type:
affiliate
Moderators:
Andrew Bockelman
Panelists:
Joe Lebens, Christopher Yaure
Terrorism Defined
A representative from the Federal Bureau of Investigation and a terrorist expert from the Department of Homeland Security will present information in order to provide the audience with an understanding of what working with terrorism on a daily basis involves. The session will include a brief history of terrorism, an outline of current types of terrorists groups including their motives and actions, a discussion of what is involved in forecasting the nature of terrorism long term into future decades, and, how those who protect us combat terrorism in order to prevent disasters from occurring.
Source:
2004 CARe LAS - Terrorism
Type:
affiliate
Moderators:
Andrew Bockelman
Panelists:
Asha George
Alternative Solutions
The purpose of this session is to discuss alternative solutions to cover the risk of terror beyond TRIA. Ideas which have been presented within the industry will be outlined along with the pros, cons, and issues associated with each alternative. This session is a forum for audience participation. Questions and open discussion are welcome.
Source:
2004 CARe LAS - Terrorism
Type:
affiliate
Moderators:
Andrew Bockelman
Panelists:
Charles Wolstein, Paul Little
Overconfidence
This study has some suggestions on how to overcome the long feedback loop of insurance, which is one of the biggest hurdles for proper decision making.
Source:
2004 Regional Affiliate - CAE
Type:
affiliate
Panelists:
Doug Collins
Tillinghast Fair Value Study
recent PwC Fair Value Study and the Tillinghast Fair Value Study commissioned by the CAS. Despite different approaches and some different findings, both ended up wondering whether the new standards will truly improve financial reporting.
Source:
2004 Regional Affiliate - CAE
Type:
affiliate
Panelists:
Julian Leigh, Dan Thomas
Keywords:
financial reporting
PwC Fair Value Study
recent PwC Fair Value Study and the Tillinghast Fair Value Study commissioned by the CAS. Despite different approaches and some different findings, both ended up wondering whether the new standards will truly improve financial reporting.
Source:
2004 Regional Affiliate - CAE
Type:
affiliate
Panelists:
Julian Leigh, Dan Thomas
Keywords:
financial reporting
Loss Trends and Price Changes
generated some interesting and lively Q&A. His emphasis on the importance of price monitoring was very timely, as a number of companies are enhancing their capabilities in this area these days
Source:
2004 Regional Affiliate - CAE
Type:
affiliate
Panelists:
Tony Neghaiwi
Keywords:
Loss Trends, pricing
Current State of the ART Market
Current State of the ART Market, which is very much alive and kicking, despite stock market and interest rate shocks and increased external scrutiny
Source:
2004 Regional Affiliate - CAE
Type:
affiliate
Panelists:
Tom Passante
Keywords:
interest rate, stocks
Update on CAS Goals and Issues
Although the CAS's "big audacious [centennial] goal" of becoming the preeminent casualty actuarial resource has been the subject of much debate, it was the new Verification by Educational Experience (VEE) rules that generated the most comment from the audience.
Source:
2004 Regional Affiliate - CAE
Type:
affiliate
Panelists:
John Narvell
Nobel Laureates in Economics
Source:
2004 Regional Affiliate - CASE
Type:
affiliate
Panelists:
Harry Shuford
Keywords:
Economics
Implementation Issues of Sarbanes-Oxley
Source:
2004 Regional Affiliate - CASE
Type:
affiliate
Panelists:
Denise Farnan
Keywords:
Sarbanes-Oxley, Implementation
Enterprise Risk Management
Source:
2004 Regional Affiliate - CASE
Type:
affiliate
Panelists:
Shaun Wang
Keywords:
Enterprise Risk Management
