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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.
Data Warehousing
The panelists will explore how this technology can be utilized to make data more readily available to respond to information needs of several users in an efficient and cost-effective manner.
Source:
2000 Ratemaking Seminar
Type:
concurrent
Moderators:
Christopher Carlson
Panelists:
Alan Hapke, Thomas Chesbrough
Emerging Issues in Homeowners Ratemaking
Homeowners ratemaking continues to change rapidly. This session will evaluate two dimensions where the change is taking place. Many homeowners are taking steps to reduce the risk of loss to their property. Effective mitigation leads to lower loss costs, which can be reflected as premium credits. The determination of these credits and standardization of measuring the mitigation will be presented. In another dimension, companies are constantly striving to find improved rating variables that will allow them to determine a more equitable price for a risk. While much of this is centering on catastrophe exposure today, this panel will also explore some techniques that could be applied for introducing new non-catastrophe rating variables. An example of a hypothetical dog owner surcharge will be presented.
Source:
2000 Ratemaking Seminar
Type:
concurrent
Moderators:
Christopher Carlson
Panelists:
Rade Musulin
Classification and Pricing for Hurricane Insurance
The Florida Windstorm Underwriting Association (FWUA) is a residual market that sells property insurance policies on wind peril for the coastal areas of Florida. Uniquely, the hurricane peril accounts for almost all of the expected pure premium, leading to the opportunity for a new and creative system of risk classification. In this session, the actuarial work done for the most recent fwua rate filing will be presented. Publicly available loss cost information was used to develop base rates. A brand new classification system with rating factors was developed without having insurance statistical data. Finally, ratemaking issues raised by the Florida Department of Insurance will be covered.
Source:
2000 Ratemaking Seminar
Type:
concurrent
Moderators:
Christopher Carlson
Panelists:
Michael Walters
Current Issues in Florida Property Insurance
This panel will focus on continuing ratemaking challenges being dealt with in the Florida property insurance market. The discussion will include updates on rating activities of the Florida Windstorm Underwriting Association and depopulation efforts of the Florida Residential Property Casualty Joint Underwriting Association and the Florida Windstorm Underwriting Association.
Source:
2000 Ratemaking Seminar
Type:
concurrent
Moderators:
Christopher Carlson
Panelists:
Rade Musulin, Kevin McCarty
Earthquake Modeling Applications
This session will cover a recent study regarding loss mitigation/retrofitting rate reductions for the California Earthquake Authority (CEA) rating plan, as well as other earthquake ratemaking issues specific to California filings, including those of the CEA.
Source:
2000 Ratemaking Seminar
Type:
concurrent
Moderators:
Carole Banfield
Panelists:
Shawna Ackerman, Mary Comerio
Incorporating Catastrophe Models in Property Ratemaking
This session will present procedures for using the output from simulation models in property insurance lines. The treatment of hurricane and wind related catastrophes will be reviewed from the perspectives of advisory organizations and companies with independent rate filings. The panelists will present applications at both the statewide and territorial levels.
Source:
2000 Ratemaking Seminar
Type:
concurrent
Moderators:
Carole Banfield
Panelists:
Beth Fitzgerald, Jeffrey McCarty
Introduction to Reinsurance
This session offers you a pragmatic view "beyond the formulas" regarding reinsurance practice, including cases depicting instances when what is non-quantitative or "invisible" is more important than the facts presented.
Source:
2000 Ratemaking Seminar
Type:
concurrent
Moderators:
Debra Werland
Basic Techniques for Other Commercial Lines
This panel will present ratemaking concepts and examples for:
Claims-made pricing for medical malpractice
Catastrophe pricing for commercial property
Specific examples will illustrate the concepts.
Source:
2000 Ratemaking Seminar
Type:
concurrent
Panelists:
James Hurley
Basic Techniques for Workers Compensation
This session will address basic techniques in workers compensation ratemaking, including a description of coverages, exposure bases, and databases. The panel will also review the essential components of a typical rate filing from the perspective of the ncci, other bureaus, and from the view of companies in loss-cost jurisdictions. Not intended for those preparing for the new Part 5 Exam.
Source:
2000 Ratemaking Seminar
Type:
concurrent
Moderators:
Debra Werland
Panelists:
Andrew Doll
Keywords:
workers compensation, ratemaking, exposure, rate filing
Introduction to Data Management 101
This session 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:
2000 Ratemaking Seminar
Type:
concurrent
Moderators:
Debra Werland
Panelists:
Alan Hapke, Joan Klucarich, Don Wulf
Introduction to Credibility
In this session, credibility will be reviewed in the context of ratemaking concepts. Both classical and Bühlmann models will be described. The session will include a review of variables affecting credibility, credibility formulas, and practical techniques for applying and increasing credibility.
Source:
2000 Ratemaking Seminar
Type:
concurrent
Moderators:
Michael Belfatti
Panelists:
Paul Brehm
Managing Earthquake Risks in the 21st Century
This presentation will describe fundamental information about earthquake risks throughout the world and identify ways to manage more effectively those risks that are perceived to be unacceptable during the 21st century. The purpose is to demonstrate both the urgency and the capacity for action. Examples will be drawn from past (e.g., Loma Prieta and Northridge, California, and Kobe, Japan) and recent earthquakes (e.g., Southern California, Turkey, and Taiwan). More than 1.6 million died in earthquakes during the 20th century, and many more were injured. Direct economic losses from a single moderate-sized earthquake reached a record of at least $140 billion in the January 17, 1995 Kobe, Japan, earthquake. The trend is ominous throughout the world. Not only are economic losses, mortality, and morbidity increasing with time in every country, but the number of "surprises" is also increasing, and the expectation is that they will continue to increase unless a comprehensive global strategic plan is created and implemented.
Managing earthquake risks - a challenging goal in the United States and abroad - is a part of a new initiative on "Unified Sustainable (smart) Development in Global Perspective." It will require community stakeholders (e.g., scientists, engineers, planners, businesses, insurers, financial organizations) and community policy makers (e.g., mayors, city managers, city councils) to collaborate in new and innovative ways. The initiative will marshal the social, technical, administrative, political, legal , and economic capacity in every earthquake-prone nation during the first years of the new millennium.
Because of advances in technical capacity and political will made throughout the world during the 1990s, the 21st century is the best time ever for every community throughout the world to take steps to reduce their vulnerabilities to earthquakes. New policy tools will foster the integration of risk assessment and risk management, focusing on anticipation (i.e., mitigation and preparedness measures) instead of reaction, integration (i.e., linking risk assessment with risk management) instead of fragmentation, and new public-private alliances, instead of single organizations, working continuously to promote reduction of community vulnerability to earthquakes.
Source:
2000 Ratemaking Seminar
Type:
general
Moderators:
Michael Belfatti
Panelists:
Walter Hays
Relating Excess of Loss Reinsurance to Various Forms of Options, Including a Comparison of Pricing Methods
Source:
2000 CARe LAS - Reinsurance and Capital Market Pricing Methods
Panelists:
John Aquino
Property Catastrophe Securitization Case Study
Source:
2000 CARe LAS - Reinsurance and Capital Market Pricing Methods
Panelists:
John Kiernan
Exposures Traditionally Covered in the Financial Markets: Assessment of Capital Market Pricing, Areas of Opportunity and Potential Pitfalls for Reinsurers
Source:
2000 CARe LAS - Reinsurance and Capital Market Pricing Methods
Panelists:
Nicholas Giuntini
Energy Derivatives: How They Are Priced, How the Cost of Capital is Considered, and Potential Opportunities for Reinsurers
Source:
2000 CARe LAS - Reinsurance and Capital Market Pricing Methods
Panelists:
Jack Cogen
Comparison of Reinsurance and Capital Market Pricing for Risks That Cannot be Hedged
Source:
2000 CARe LAS - Reinsurance and Capital Market Pricing Methods
Panelists:
Donald Mango, Sergei Esipov
Pitfalls in Reinsurance Pricing
This session will address problems that pricing actuaries frequently encounter in evaluating different types of proposals. Topics will include: the available data, use of simulation, the Bornhuetter-Ferguson method applied to pricing, individual claim loss development, increased limit tables, cession factors, calculation of on-level factors and use of trend. Actual examples will be used by the panelists and audience participation will be strongly encouraged.
Source:
2000 Seminar on Reinsurance
Type:
concurrent
Panelists:
Kasing Chung, Clive Keatinge, David Skurnick
Keywords:
pricing, available data, use of simulation, the Bornhuetter-Ferguson method applied to pricing, individual claim loss development, increased limit tables, cession factors, calculation of on-level factors and use of trend
Using Catastrophe Modeling In Structuring a Reinsurance Program
This session is designed for primary company actuaries and others who want to learn more about reinsurance program design, specifically the structuring of a catastrophe reinsurance program. Designing a program is not an easy task, since the financial consequences are significant and there are many alternatives. One of the most important objectives is the measurement of exposure to specific catastrophe perils, such as windstorm and earthquake. These two perils will be the focus of the session that will explore how to incorporate the results of one (or more) catastrophe models into the design of a catastrophe reinsurance program. Common pitfalls to avoid when relying on catastrophe models will also be discussed.
Source:
2000 Seminar on Reinsurance
Type:
concurrent
Moderators:
Gary Blumsohn
Panelists:
Paul Budde, Christopher McKeown
Keywords:
reinsurance program, catastrophe reinsurance, Common pitfalls
Reinsurance Reserving: Testing their Reasonableness and Using Scenarios
Given the soft market conditions in the industry over the past several years, reinsurers are struggling more than ever to maintain simultaneously profitability and adequate reserves. In this session, one of the presenters will discuss a new approach for reserving contracts with features that do not lend themselves to traditional techniques, such as annual aggregate deductibles. These contracts are often priced by constructing various loss scenarios that can then be used for reserving as loss experience develops. A new way to test the reasonableness of reserves will also be presented. Using actual historical industry experience, several reserve ratios and benchmarks will be presented based on recently conducted research. This portion of the session will include a brief presentation by the researcher followed by an open discussion forum for all session attendees.
Source:
2000 Seminar on Reinsurance
Type:
concurrent
Moderators:
Gregg Evans
Panelists:
C. Khury, Douglas McKenzie
Keywords:
soft market conditions, simultaneously profitability and adequate reserves
Pricing Property Excess of Loss Reinsurance
This session will include a discussion of ISO's new property per risk curves, and their use in pricing excess of loss reinsurance. There will also be a presentation of SNAP-TC, Swiss Re's proprietary catastrophe underwriting tool for hurricanes. SNAP-TC determines loss frequency curves by means of a novel hazard correlation approach.
Source:
2000 Seminar on Reinsurance
Type:
concurrent
Moderators:
Gregg Evans
Panelists:
Matthias Weber, Glenn Meyers
Keywords:
ISO, pricing excess of loss reinsurance, catastrophe underwriting, determines loss frequency
Workers Compensation Excess of Loss Reinsurance
The workers compensation reinsurance market has been in an unsettled state over
the last year, and the collapse of Unicover has stirred up considerable debate about rate adequacy. Pricing excess workers compensation is always a challenge, given the potentially unlimited size of the claims, the long tail, the sensitivity to decades of future inflation, changes in mortality rates, and the difficulties in evaluating the impact of improved medical care and managed care. This panel will discuss the pricing of excess workers compensation from both primary company and reinsurer perspectives, comparing and evaluating the various techniques that are available.
Source:
2000 Seminar on Reinsurance
Type:
concurrent
Moderators:
Gregg Evans
Panelists:
Jill Petker, Steve Basson
Keywords:
workers compensation reinsurance, Pricing excess, primary company and reinsurer perspectives
Topics in Professional Liability
This panel will give an overview of some of the recent developments in professional liability. They will discuss emerging issues for some of the more traditional lines, as well as explore new coverages. Topics will include the latest results of the D&O claim cost study, a discussion of EPLI and Internet liability.
Source:
2000 Seminar on Reinsurance
Type:
concurrent
Moderators:
Jerome Degerness
Panelists:
Mark Larsen, Kevin Rooney, Peter Szendro
Keywords:
professional liability, D&O claim cost study, a discussion of EPLI and Internet liability
Review of ISO's New ILF Tables
The purpose of this session is to discuss the implications of recent ISO Increased Limit Factors changes for the pricing and evaluation of excess of loss reinsurance contracts. What are the data and assumptions underlying the tables? What information is available to help predict excess layer loss development? What information is available to address loss adjustment expense? The methodology used to develop ISO increased limits factors will be described with emphasis on the most recent changes. Panelists will discuss pricing issues from both the reinsurance company and intermediary perspectives.
Source:
2000 Seminar on Reinsurance
Type:
concurrent
Moderators:
Robert Bear
Panelists:
Ralph Cellars, Allan Kerin
Keywords:
Increased Limit Factors, ISO, excess of loss reinsuranc
Finite Risk Insurance and Reinsurance Products
This session will explore a variety of issues relating to this area. One speaker will discuss how advanced reserving methodologies are used to analyze loss portfolio transfers and retrospective aggregate excess covers. The second speaker will discuss accounting issues related to retrospective reinsurance products, finite risk insurance, and risk transfer. The final speaker will review finite risk products being sold in the market place today.
Source:
2000 Seminar on Reinsurance
Type:
concurrent
Panelists:
Gary Blumsohn, Thomas Passante, Peter Senak
Keywords:
advanced reserving methodologies are used to analyze loss portfolio transfers and retrospective aggregate excess covers, accounting issues, reinsurance products, finite risk insurance, and risk transfer
