Search Presentations
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.
Refine Your Search
The presentation materials are offered in connection with CAS professional education offerings. © 2022 Casualty Actuarial Society. All Rights Reserved. The presentation materials may contain copyrighted content the use of which has not been specifically authorized by the copyright owner. You are permitted to view and print the materials for personal/professional noncommercial research purposes. Except for the foregoing, you agree not to reproduce, distribute, modify, create derivative works, or commercially exploit the presentation materials without prior written permission from CAS. Please direct any copyright permission inquiries regarding use of the presentation materials to acs@casact.org.
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.
Intermediate Track I Considerations in Evaluating Reserves
Surveying the most frequent causes of inaccurate or misleading analyses of reserves, this session will discuss limitations and the predictive value of closed claim methods, the use of calendar year ratios of ALAE to losses to estimate ALAE reserves, and the failure to include tail factors. Also included will be discussions on treating large or exceptional losses and using loss ratios to set reserves when rates have been discounted or are significantly changing. Not intended for members of the Casualty Actuarial Society. No advance preparation is required.
Source:
2001 Casualty Loss Reserve Seminar (CLRS)
Type:
concurrent
Keywords:
predictive value of closed claim methods, analyses of reserves
Case Study
This workshop session covers the concepts discussed in the preceding basic track sessions. It will allow the participants to experience some common loss reserve-setting situations. Various solution techniques will be discussed, with active audience participation encouraged. A calculator would be helpful. Intended for those with limited knowledge of actuarial concepts. No advance preparation is required.
Source:
2001 Casualty Loss Reserve Seminar (CLRS)
Type:
Workshop
Keywords:
loss reserves
Basic Track III Techniques
This continuation of Basic Track II will discuss additional topics of a fundamental nature, including expected loss ratio techniques and estimation of expense reserves. A brief introduction to Schedule P will be provided in this session. Intended for those with limited knowledge of actuarial concepts. No advance preparation is required.
Source:
2001 Casualty Loss Reserve Seminar (CLRS)
Type:
concurrent
Keywords:
expected loss ratio techniques and estimation of expense reserves, Schedule P
Basic Track II Techniques
A continuation of Basic Track I, this session will provide additional topics of loss reserving fundamentals. Discussion will (1) compare results of the various techniques introduced in Basic Track I, (2) monitor and test the results for reasonableness, (3) analyze data and sources of distortion, and (4) introduce tail factors. Intended for those with limited knowledge of actuarial concepts. No advance preparation is required.
Source:
2001 Casualty Loss Reserve Seminar (CLRS)
Type:
concurrent
Keywords:
loss reserving fundamentals
The "Enterprise" in Enterprise Risk Management
You have a handle on asset risk and currency risk and many other risks individually, but does the simple addition of these risks give you a true picture of enterprise risk? Probably not. This session will show that enterprise risk may be very different from the simple sum of the component parts, and we will discuss the dangers of viewing risks in isolation. In addition, this session will cover some of the techniques and tools used to measure enterprise risk.
Source:
2001 Spring SIS- Enterprise Risk Management
Type:
concurrent
Moderators:
Kevin Dickson
Panelists:
Barry Franklin, Shawna Ackerman
Keywords:
asset risk and currency risk, enterprise risk
Basic Track I Considerations in Evaluating Reserves
Introducing loss reserving and fundamental reserving techniques, this session will cover definitions, considerations, and types of data essential to analyzing and setting loss reserves. This session will also discuss the construction of development triangles and the process underlying the loss development method. Intended for those with limited knowledge of actuarial concepts. No advance preparation is required.
Source:
2001 Casualty Loss Reserve Seminar (CLRS)
Type:
concurrent
Keywords:
Evaluating Reserves
DFA v. ERM is There a Difference?
ERM in the property/casualty insurance field can be thought of as assessing the risks and rewards associated with strategic decisions concerning the acceptance of risk due to fortuitous events. At the same time, DFA is a systematic approach to financial modeling that projects financial results under a variety of possible scenarios. DFA shows how outcomes might be affected by changing business, and by changing competitive and economic conditions. This session will discuss DFA as it relates to the concept of ERM.
Source:
2001 Spring SIS- Enterprise Risk Management
Type:
concurrent
Moderators:
Marc-Andre Lefebvre
Panelists:
Thomas Hettinger
Keywords:
ERM in the property/casualty insurance field, DFA Model
Chief Risk Officer-A New Breed of High-Flying Executives in Enterprise Risk Management
Over the last decade, the need to integrate firm-wide risk has prompted the rise of the Chief Risk Officer (CRO)—an office that brings together responsibility of all kinds of risks from market to insurance. Our panelists will present their definitions of ERM, the role and difficulties of being a CRO, the biggest concerns for their industry, and their tools to manage firm-wide risks. The panelists will also describe the evolution of their risk management process, the skill sets required for being a CRO, and the potential role of actuaries in the enterprise risk management process.
Source:
2001 Spring SIS- Enterprise Risk Management
Type:
concurrent
Moderators:
Richard Fein
Panelists:
Freeman Wood, William Stolte
Keywords:
CRO, risk management process, enterprise risk management process, ERM
Current Trends In Enterprise Risk Management
What are insurance companies actually doing to implement ERM for themselves? How supportive of ERM are insurance company CEOs? Do they believe it will help them to better manage the risks that their company faces? Tillinghast has recently conducted a survey of insurers, which was designed to answer these questions. The survey results will serve as an introduction to a panel discussion of the insurance industry's implementation of ERM. Panelists will include professionals who are directly involved in implementing ERM at insurance companies. They will share their perspective on the state of ERM for insurers, lessons from successes and failures, and their thoughts on what the future will bring.
Source:
2001 Spring SIS- Enterprise Risk Management
Type:
concurrent
Moderators:
Stephen Lowe
Panelists:
Claus Metzner, Douglas Brooks
Keywords:
ERM
Enterprise Risk Management-Its Meaning and Import
ERM means quite different things to different people. What do we mean by ERM? What import does ERM have for the actuarial profession and others, today and in the future? The CAS has impaneled an advisory committee to address these very questions, and to identify and respond to the research and education needs of the CAS membership concerning ERM. The deliberations of this committee and the observations of a longtime observer of the global "ERM movement" across varied industries will provide the framework for the general and concurrent sessions to follow.
Source:
2001 Spring SIS- Enterprise Risk Management
Type:
concurrent
Moderators:
Jerry Miccolis
Keywords:
ERM
A Macro Validation Dataset for U.S. Hurrican Models
Source:
2001 Ratemaking Seminar
Type:
concurrent
Panelists:
Douglas Collins, Stephen Lowe
Neural Networks Demystified
Source:
2001 Ratemaking Seminar
Type:
Paper
Panelists:
Louise Francis
Keywords:
Neural Networks
Let Me See: Visualizing Actuarial Information
Source:
2001 Ratemaking Seminar
Type:
Paper
Panelists:
Aleksey Popelyukhin
Actuarial Applications of Multifractal Modeling
Source:
2001 Ratemaking Seminar
Type:
Paper
Panelists:
Yakov Lantsman, John Major
Keywords:
Multifractal Modeling
A Practical Approach to Estimate Loss Cost Trends
Source:
2001 Ratemaking Seminar
Type:
Paper
Panelists:
Kurt Dickmann, James Merz
Keywords:
Estimate Loss Cost Trends
Credit Enhancement
Credit enhancement is a developing financial insurance product blending the realms of finance and reinsurance. This session will provide an overview of the coverage, underwriting, and pricing of these transactions. Fundamental exposures and underwriting considerations will be reviewed, and the audience will be taken through the basic steps of a sample transaction. Current pricing approaches will be presented, including a discussion of the data, methods, assumptions, and final pricing considerations.
Source:
2001 Ratemaking Seminar
Type:
concurrent
Moderators:
Stephen Philbrick
Panelists:
Scott Orr, Patrick McCormick
Securitization
This panel will provide an overview of insurance securitizations that have been completed to date. The discussion will include the structuring transactions and delivering the product to investment markets. The session will also focus on the costs involved, the distinction between security based on actual losses versus an index, basis risk considerations, and emerging accounting treatment. Creating a rateable security from other assets, pricing bonds, and identifying future opportunities will also be reviewed.
Source:
2001 Ratemaking Seminar
Type:
concurrent
Moderators:
John Buchanan
Panelists:
Charles Kerner
International Property Reinsurance Pricing and Challenges
This panel will separately explore the current challenges in the property and casualty reinsurance marketplaces. Lack of quality information, changing regulatory and economic environments, recent catastrophic events, and continuing challenging market conditions are common areas of concern.
This session will discuss various approaches to gathering suitable information for pricing, illustrating their inherent uncertainty, and applying them to various international markets and changing situations.
Source:
2001 Ratemaking Seminar
Type:
concurrent
Panelists:
James Maher
Pitfalls in Reinsurance Pricing
This session will address problems that typically arise when evaluating different types of domestic and international reinsurance proposals. These issues can often more dramatically affect the pricing than the data that is typically presented. Topics to be covered include usage of available data, policy limit impacts, trending techniques, individual claim loss development, fitting loss distributions, and cessions-rated treaties.
Source:
2001 Ratemaking Seminar
Type:
concurrent
Moderators:
Kathy Olcese
Panelists:
Michael Angelina, David Skurnick
Introduction to Exposure and Experience Rating
This panel will examine the data required and the methods that are commonly employed in pricing excess of loss reinsurance treaties. Using a game-like setting, the panelists will illustrate what reinsurers do in the "real" world. A link between experience and exposure rating will be shown by utilizing the same set of data to provide continuity and a reconciliation of the methods.
Source:
2001 Ratemaking Seminar
Type:
concurrent
Moderators:
John Winkleman
Panelists:
Joy Takahashi
Introduction to Reinsurance
This session covers the basic principles and functions related to reinsurance ratemaking. The session will emphasize a pragmatic view "beyond the formulas," including cases depicting when what is nonquantitative or "invisible" is more important than the facts presented.
Source:
2001 Ratemaking Seminar
Type:
concurrent
Moderators:
John Winkleman
Weather Modeling Other than Hurricane
The catastrophe modeling arena is evolving to include new models for quantifying the impact of atmospheric conditions other than hurricane. The first panelist will address the chilling ratemaking impacts of winter storms. The next speaker will present the complex interrelations of tornadoes, hail storms, and straight-line wind and their impacts on ratemaking. Both panelists will expand the knowledge of ratemaking actuaries working in the challenging world of evaluating natural catastrophes.
Source:
2001 Ratemaking Seminar
Type:
concurrent
Moderators:
John Winkleman
Panelists:
David Lalonde, Graham Cook
Emerging Issues in Homeowners Insurance Ratemaking
Recent advances in technology and data are providing insurers with new tools to rate homeowners policies. Several elements of traditional auto rating plans are beginning to make their way into homeowners rating plans, including looking at the homeowner as the risk and developing rates by coverage. Other advances are more focused on property insurance, such as the increasing use of GIS technology to develop and verify geographic rating variables. This session will present ways to look at these emerging types of rating plans, both from an actuarial standpoint and a social standpoint.
Source:
2001 Ratemaking Seminar
Type:
concurrent
Moderators:
John Winkleman
Panelists:
Rade Musulin, Rebecca Orsi
The Incredible Shrinking Residual Market
Rate adequacy and other factors have contributed to unusually low residual market shares in both the automobile and workers compensation insurance plans. This panel will discuss myriad issues surrounding ratemaking in the present environment of shrinking residual markets and the challenges facing actuaries as they work on balancing the needs of the regulatory environment and the insurance industry.
Source:
2001 Ratemaking Seminar
Type:
concurrent
Moderators:
Wayne Holdredge
Panelists:
Richard Amundson, Thomas Daley
Nonstandard Auto Ratemaking
In the past, nonstandard auto insurers and the insurers in the preferred/standard market have been, for the most part, separate and distinct. Recently, however, Progressive aggressively expanded into the preferred/standard market after decades as one of the premier nonstandard insurers. Other companies, such as
Nationwide, are changing their rating plans to accommodate nearly all prospects. This panel will discuss whether the same ratemaking procedures can be successfully used to determine rates for all segments of the market, from nonstandard to preferred.
Source:
2001 Ratemaking Seminar
Type:
concurrent
Moderators:
Karen Schmitt
Panelists:
Curtis Parker, Gary Traicoff
