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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.
W-3: Reserving Bootcamp
What better way to jump start or refresh your loss reserving skill than in this one day loss reserving boot camp? This session will enhance your basic and intermediate skills and prepare you for the more advanced loss reserving topics to be presented in the CLRS. Participants will be part of a loss reserving team evaluating and estimating reserves from data organization to selecting the best estimate. Using hands-on learning, this session will divide participants into small teams of five to seven. The teams will work with experienced loss reserving professionals, using realistic loss and expense claims data. Sessions goals are to build triangles; compute and select loss development factors; perform a variety of loss and loss adjustment expense reserving methods; compare the results of t various methods and their strengths and weaknesses; review additional information and take that into consideration in the methods and estimates; and make final reserve selections.
This workshop is appropriate for actuaries as well as non-actuaries. A laptop with WiFi capabilities will be required.
Source:
2019 Casualty Loss Reserve Seminar (CLRS)
Type:
Workshop
Panelists:
Jane Taylor, R. Scott Cederburg, D. Scott Lamb
PD-1: Coffee Klatch for Opinion Writers
So, you have a few questions about your upcoming or recent opinion. You probably won't find a better place to get your answers than this session. Or maybe you have resolved an interesting issue in your opinion. Come and share your knowledge and help your fellow practitioners avoid similar problems. Need help making a better presentation to your board or senior management? These panelists are sure to have helpful insight, along with your fellow attendees. The same can be said about interacting with regulators, auditors and even lawyers. Bring your questions and take advantage of the collective experience that will be in this session.
Source:
2019 Casualty Loss Reserve Seminar (CLRS)
Type:
Concurrent Session
Moderators:
John Pierce
Panelists:
Michael Toothman, Miriam Fisk, James Leise, Kathleen Odomirok, Arthur Randolph
FR-2: Financial Reporting of Portfolio Retroactive Reinsurance
The purpose of this session, will be to define portfolio retroactive reinsurance, outline the NAIC rules which govern the recording of the transactions, the inconsistency in recording the transactions within the industry, and the impact on Schedule P and RBC of different reporting treatments.
Source:
2019 Casualty Loss Reserve Seminar (CLRS)
Type:
Concurrent Session
Moderators:
Richard Messick
Panelists:
Ralph Blanchard, George Levine
W-4: Maximizing The Value of Your Actuarial Report and Opinion
Your actuarial opinion and reports are reviewed and analyzed for appropriateness to different stakeholders, including company management, auditors, regulators, court officials and jurors. Each group has different needs for information and you will want to be able to communicate effectively to all.
This workshop will deepen your expertise on the latest requirements for P&C Statements of Actuarial Opinions with a review of actuarial qualification standards, standards of practice and interactive case studies.
In the day-long session, the workshop will offer attendees the opportunity to:
• Gain an understanding of regulatory/company/auditor perspectives and expectations.
• Remain up to date on the latest regulations and standards.
• Delve deeper into subjects such as RMAD, ranges, documentation, data and report writing.
• Focus on communicating effectively to various stakeholder groups.
Source:
2019 Casualty Loss Reserve Seminar (CLRS)
Type:
Workshop
Moderators:
John Pierce
Panelists:
Michael Toothman, Miriam Fisk, Derek Freihaut, Kathleen Odomirok
FR-1: Data, Documentation, and Report Writing
This session will provide information to produce effective actuarial reports that support the actuarial opinion. Members of COPLFR will be the speakers.
Source:
2019 Casualty Loss Reserve Seminar (CLRS)
Type:
Concurrent Session
Moderators:
Richard Messick
Panelists:
John Gleba, Michelle Iarkowski
C-33: The Predictive Modeling Cooking Show
The "Predictive Modeling Cooking Show" is a window in the kitchen of master chefs as they work, except the chefs are whipping up something different: a predictive model. Join real modelers as they showcase their data engineering and modeling skills, live and on stage. Two teams will go head-to-head on a classic, real-world prediction problem. You'll learn basic modeling concepts including data "scrubbing," the basic steps used to build a model, and how to measure the effectiveness of a model. This is a great chance to gain a better appreciation of modeling concepts in a new and different way.
Source:
2019 Spring Meeting
Type:
Concurrent Session
Panelists:
Chad Wilson, Richard Sutherland, Nathan Hubbell, Megan Camanocha, Melissa Schenck
LOB-2: Investor Funded Litigation
This presentation explores one of the newest and fastest growing “spaces” in investment opportunities: investing in litigation funding. In addition to a “behind the scenes” view of this practice, including its origins and current marketing goals, we will address the immediate effect on current and pending litigation. What control, if any, do the funders have in directing specific cases? Is there an ethical “grey area” between passive investment and the realities of settlement decision making? We will look at all of these areas and also review current and prospective legislation affecting litigation funding in the US and abroad.
Source:
2019 Casualty Loss Reserve Seminar (CLRS)
Type:
Concurrent Session
Moderators:
Richard Messick
Panelists:
Jonathan Colman
C-29: The Dark Web and Insurance
In the past five years, the Dark Web is a feature of almost any discussion about the Internet, cyber-attacks, and hackers whose criminal activities cause insured losses. Knowledge is power; therefore it behooves insurance companies to have a grasp on how the Dark Web may play a known or unknown role in cyber-attacks that result in insured losses. Yet understanding Dark Web can be a challenging proposition due to the very "black box" nature of the Dark Web and the relative secrecy and strict security with which it operates.
The purpose of this presentation is to demystify the Dark Web for insurance industry participants, and help them get a better sense how the Dark Web operates, and its relevance to insurance. To do this we will cover the following topics:
1. Why should insurance companies care about the Dark Web?
2. What is the Dark Web?
3. How does the Dark Web work?
4. Bitcoin and Altcurrencies
5. Common uses for the Dark Web
6. Dark Web topics that affect insurance
7. Future of the Dark Web
8. Conclusion
Source:
2019 Spring Meeting
Type:
Concurrent Session
Panelists:
Anthony Mormino, Luyuan Chai
C-28: The Actuary of the Future
What will the role of the actuary look like in the future? Technology and robotic process automation will impact the future of work for all industries including insurance (and thus actuaries). This panel will delve into a number of issues which arise from this automation, including:
• What changes must the insurance industry make in the way it conducts its future business in light of this automation?
• How will companies tap into external labor sources?
• What tasks are ripe for automation?
• How will the actuarial profession continue to add value in a world where technology changes the risks to be insured?
Source:
2019 Spring Meeting
Type:
Concurrent Session
Panelists:
David Snow, Joseph Milicia, Day Bishop, Noelle Codispoti
C-10: Ceded Reserving: It is Not as Simple as Subtraction
This session will be a discussion of the pros and cons of various approaches to estimating ceded loss reserves. We will cover various data organization approaches as well as various actuarial techniques and what potential shortfalls may come from utilizing these methods. Finally, this session will help you tackle some of the more "difficult-to-quantify" loss sensitive features of reinsurance including aggregate deductibles.
Source:
2019 Spring Meeting
Type:
Concurrent Session
Panelists:
David Snow, Joseph Milicia, Rachel Dolsky
C-6: Current State of the Non Property and Casualty Runoff Marketplace
The property and casualty runoff marketplace has experienced rapid growth in London, the Americas and the worldwide marketplace. Life and health runoff has also grown very rapidly particularly in the Bermudian market. Property and casualty and non property casualty runoff deals can be written by the same reinsurance carriers and these deals can be combined in the marketplace. As such, this sessions will focus on the state of the marketplace for non P&C runoff.
Source:
2019 Seminar on Reinsurance
Type:
Concurrent Session
Moderators:
Mark Popolizio
Panelists:
Gokul Sudarsana, Faisal Haddad, Nick Komissarov, Timothy Gasaatura
CS6-R: Model Governance for Advanced Analytics: What's Different and What Have We Learned?
Tools and techniques in data science and machine learning continue to advance. This rapid evolution can create challenges in gaining comfort with the quality and risk management of these models. This session will share what we have learned in applying governance frameworks to advanced analytics by sharing experience of one company's approach and share experience from insurance/financial services industry perspective. Further, we will discuss challenges of the forecast process and opportunities to meet desired future capabilities in addition to discussing effective approaches to support the corporate review and challenge processes.
Source:
2019 Enterprise Risk Management Symposium
Type:
Concurrent Session
Moderators:
Peter Lowth
Panelists:
Mark Jones, Youyou Tao, Andy Wunsch
I-3: Reinsurance Reserving
This session will discuss issues and considerations in reinsurance loss reserving, especially in contrast to loss reserving for primary insurance.
Source:
2019 Seminar on Reinsurance
Type:
Concurrent Session
Panelists:
Eric Wunder
C-11: Climate Change - The New Normal
A government report released last fall warned that extreme events are becoming more frequent, intense, and widespread.
In fact, home insurance rates already increased more than 50 percent from 2005 to 2015, the year with the latest available data. The National Association of Insurance Commissioners attributes the increase to natural disasters, inflation, rising real estate values and construction costs.
This Panel will discuss the effect of these changes on the insurance market.
Source:
2019 Spring Meeting
Type:
Concurrent Session
Panelists:
James Lynch, Peter Dailey, Anna Ziolecki
C-35: The Reinsurance Market - Soft, Hard or Somewhere in Between?
For a number of years the reinsurance market has been either softening or just outright soft. Large CAT losses, which historically have changed the direction of a soft market by impairing the availability capital, were occurring but not changing the direction of the market. Are we starting to see cracks in that now? Is this attributable to the devastating hurricanes, or floods or wildfires? Or can it be something else?
Source:
2019 Spring Meeting
Type:
Concurrent Session
Panelists:
Jason Harger, Sean Devlin, David Snow
C-34: The Promise, Pitfalls and Process of AI
The insurance industry is primed to realize the promise of AI. But, looking beyond the hype it is important to understand how and why AI works in order to differentiate promising use-cases from potential pitfalls. This session will begin by placing AI within the broader context of big data, predictive analytics, machine learning, deep learning, data science, and even humble statistics. This context will help identify the common features of problems that have been solved successfully. Understanding these features will in turn highlight classes of business problems that are more and less likely to be solved by AI. From here, we will explain the process of getting started with AI through some basic examples focusing on the technology stack, workflow, data needs and implementation issues.
Source:
2019 Spring Meeting
Type:
Concurrent Session
Panelists:
Stephen Mildenhall, Brian Fannin
C-4: An Introduction to Regularization in Linear Models
One of the most fundamental decisions an analyst must make is whether to include a predictor in their model. This can be handled using stepwise regression, but the resulting model will include the full impact of any parameter which remains, potentially leading to a model with low bias, but high variance. Regularization techniques penalize models with high complexity. This obivates the need for a binary decision about which parameters will remain. Moreover, the simpler models which result will often perform better on out-of-sample data.
This talk will tackle regularization methods like lasso and ridge regression from the ground up, exploring their implementation and interpretation.
Source:
2019 Spring Meeting
Type:
Concurrent Session
Panelists:
Brian Fannin, Joshua Newkirk
C-17: IFRS 17: How it impacts Actuaries
Since the International Accounting Standards Board’s (IASB) adoption of International Financial Reporting Standard (IFRS) 17 - Insurance Contracts in May 2017, many across the insurance industry have been diving into the technical accounting interpretation and identifying the key threshold issues that impact decisions around data, operations, systems, and actuarial processes. The measurement model requires distinct building blocks to estimate the insurance contract liabilities on a discounted, risk adjusted basis. Overall, the guidance and resulting measurement model are based on actuarial-driven principles and thus will require substantive involvement of actuaries. Furthermore, since IFRS 17 will be impacting insurers across the globe, this update has strong relevance to multinational companies – whether it will be primary basis of reporting or a consideration for local regulatory reporting.
In this session we will first level-set with relevant background and an overview of the IFRS 17 measurement model. Then we will dive into key topics that have dominated conversations and conversion efforts to date for P&C insurers, such as eligibility for the simplified measurement model, frameworks for discounting and risk adjustment, and treatment of reinsurance. We will introduce the challenges, how actuaries are getting involved, and some key aspects of the emerging operational practices. We will include illustrative examples to highlight the issues and discuss the nuances along the way.
Source:
2019 Spring Meeting
Type:
Concurrent Session
Panelists:
Marc Oberholtzer, Lela Patrik, Nathan Luketin
C-13: Developing the Leader Within You
In today’s world, being an actuary in this fast-pace profession is not getting easier. As a leader in your field, there are areas that can be maximized to increase your level of impact. The first and foremost area is you. You are your best asset which should be developed on a continuous basis. Developing the Leader Within You addresses critical points that can take you from being an ordinary to extraordinary actuary. At the end of the presentation, you will learn and be able to utilize everyday practices that are being implemented across the country. You should elevate everything, including your ability to be the best actuary in your field.
Source:
2019 Spring Meeting
Type:
Concurrent Session
Moderators:
Don Hendriks
Panelists:
Michael Laidler
C-4: BMA EBS TP Update
This session will cover changes to the EBS framework in 2019 as well as provide market insights and best practices on EBS Technical Provisions.
Source:
2019 Seminar on Reinsurance
Type:
Concurrent Session
Moderators:
Mark Popolizio, Mark Popolizio
Panelists:
Ashley Wohler, Lucy Briggs
C-26: Taxes...They're BEAT
Insights into recent changes to US domestic tax code as well as details surrounding the “base erosion and anti-abuse tax” (the “BEAT”) under section 59A of the Internal Revenue Code.
Source:
2019 Spring Meeting
Type:
Concurrent Session
Moderators:
Don Hendriks
Panelists:
Stuart Katz, David Jones, Jean Baxley
C-16: Enterprise Risk Management: Working with Elephants and Black Swans in the Real World (A JOINT RISK MANAGEMENT SPONSORED SESSION)
In recent years, there have been some watershed disasters which changed traditional thinking about risk; at least for a period. Did we think of 9/11, say on 9/10? Were they black swans? Were they predictable? Were they preventable? This session will take you on an interactive excursion of the current risk environment. We will visit the lair of the black swan and the world of disaster denial. We will share first-hand accounts with swans, elephants and dinosaurs, as well as lessons learned. We are saving a seat for you on this tour. The plan is for small group discussions and interactive dialogue with the speakers and audience in an interactive discussion
Source:
2019 Spring Meeting
Type:
Concurrent Session
Panelists:
Robert Wolf, David Ingram
C-15: Emerging Risk Identification and Optimizing Resiliency: An Inexact but Critical Science
Emerging risks are potential threats that can have a significant impact on a company., By their very nature, emerging risks involve a high degree of uncertainty since they are new, changing, or yet to be understood.
Identifying emerging risks is an inexact science, but actuaries, risk managers and decision makers must anticipate threats to assure resiliency. Surveys show that climate change is gaining importance as an emerging risk. This is a notable change as not long ago; the immediacy and long-term severity assessment of climate change were not taken as seriously.
Are we looking far enough out in the future? Does our time horizon match our liabilities? These and more questions will be discussed in an interactive dialogue that presents recent emerging risk surveys and will blend in discussions on prudent approaches and best practices in emerging risk identification methodologies.
Source:
2019 Spring Meeting
Type:
Concurrent Session
Moderators:
Don Hendriks
Panelists:
Robert Wolf, David Ingram, Max Rudolph
C-22: Tax Reform One Year Later
The implications of tax reform are significant on the business of insurance. The session will explore the ongoing impact of tax reform on the behavior of insurers and the business of insurance.
Source:
2019 Seminar on Reinsurance
Type:
Concurrent Session
Moderators:
Mark Popolizio
Panelists:
Raju Bohra, Jason Kaplan
C-25: Predictive Analytics in Capital Modeling Working Party
The goal of the CAS Predictive Analytics in Capital Modeling Working Party is to explore potential areas where predictive analytics can be used in the field of capital modeling. This panel discussion will cover some topics the working party consider to have potential and a use case paper “Upgrading an Existing Capital Model – A Common Risk Driver Application” written by Mario DiCaro and Allan Kaufman. We hope the panel will generate discussion with the audience and additional topics of research.
Source:
2019 Spring Meeting
Type:
Concurrent Session
Panelists:
Timothy Garcia, Mario DiCaro
