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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.
C-5: Applying Brain Rules For Effective Presentations
Got PowerPoint? Got numbers? Got cool charts? Check! Check! Check! Ready to give an effective presentation? …maybe not. More and more resources are available to us to put our numbers into more effectively designed graphs and charts. The next step is to put all of this information into effective presentations. Applying adult learning theory, specifically "Brain Rules", this interactive session will both explore specific rules that apply to presentations and collaboratively diagnose enhancements to a number of sample slides.
Problem slides? Send your slide to us in advance of the session and we will try to use it in our session. Want some private support and not to be shared? Let us know that too.
Email to: stephanier@holborn.com
Source:
2019 Spring Meeting
Type:
Concurrent Session
Panelists:
David Core, Beverly Phillips, Stephanie Rabin
C-38: What Should Define the Future Of Insurance Regulation?
You won’t want to miss this incisive session on insurance regulation. Our speakers will go beyond the topic of oft proposed structures, and instead will delve into what ought to shape an evolved regulatory environment.
Professor Daniel Schwarcz will discuss his assertions that insurance regulation is built on obsolete and unconstitutional foundations. This will include an exploration of whether today’s systems focus too often on assessing accuracy rather than surmounting latent economic and social inequalities. Amidst these issues, he will call into question the power that states delegate to the NAIC. Professor Schwarcz will draw from his recent published works, including:
“Ending Public Utility Style Rate Regulation in Insurance”; “Is U.S. Insurance Regulation Unconstitutional?”; and the very latest “Proxy Discrimination in the Age of Artificial Intelligence and Big Data.”
With an alternative perspective, David Snyder will document that the U.S. insurance market and its regulation have created the largest, most competitive and financially sound insurance system in the world, resulting in part from adherence to sound basic principles such as risk-based pricing. That system also contributes substantially to society’s well-being. But he noted that: “Our system does not lack for opportunities, challenges and critics. Responding effectively to them will be an important part of defining our system’s future performance.”
Come watch our speakers address opposing viewpoints head on, and leave in a better position to participate in the shaping of our industry’s future.
Source:
2019 Spring Meeting
Type:
Concurrent Session
Panelists:
Daniel Schwarcz, David Snyder, Meagan Mirkovich
C-25: The Growth of Fronting
Many insurance companies today offer paper to front business. This session will discuss the growth in fronting, common arrangements, and how the landscape has changed during the previous years.
Source:
2019 Seminar on Reinsurance
Type:
Concurrent Session
Panelists:
Ethan Allen, Todd Campbell
C-20: Reserve Variability in the Reinsurance Arena
Reserving for Reinsurance operations is a different world from primary reserving. Data are different, loss development triangles have vastly different variability, business content can and does change over time, and chaos can reign over predictability. Given this higher uncertainty, what challenges do managers face with regard to their IBNR? We will explore how well GLMs and Bayesian reserving models address these challenges. Armed with an open source yet powerful calculation engine, gone are the days of needing calculus or being limited by a statistical framework when building new reserving models.
Source:
2019 Seminar on Reinsurance
Type:
Concurrent Session
Moderators:
Jim Levendusky
Panelists:
Matthew Killough, Stephen Lienhard
C-18: Reinsurers in Insurtech
Reinsurers are increasingly partnering with Insurtech. Whether it is providing reinsurance or capital, reinsurers are playing a greater role. This session will discuss where reinsurers are seeing opportunities, and how these partnerships are effecting cultural change, existing processes, improving technology, and focused on financial return.
Source:
2019 Seminar on Reinsurance
Type:
Concurrent Session
Moderators:
Erick Krafcheck
Panelists:
Isaac Espinoza, Philip Natoli, David McFarland, Ty Harris
C-17: Reinsurance Research: Approximating Aggregate Loss Distributions and Digital Disruption of the Insurance Industry
Hosted by the CAS Reinsurance Research Committee, the Research Corner is a forum to present preliminary reports on works in progress or recently completed.
Dmitry Papush of Swiss Re will present his paper on approximating aggregate loss distributions for the first half of the session.
Isaac Espinoza of Greenlight Re Innovations will present on the digital disruption of the insurance industry in the second half of the session
Source:
2019 Seminar on Reinsurance
Type:
Concurrent Session
Moderators:
Kayne Smith
Panelists:
Isaac Espinoza, Dmitry Papush
C-14: Meeting the Future Head On – Responding to Events in Real Time and Upcoming Model Updates
How do modeling companies come up with real events estimation? With this session, we will be able to dig into the whole real events estimation process. In this session, we have three modeling companies discuss the assumptions and methodologies they use to estimate the impact of catastrophic events as they’re unfolding.
In addition, We will also preview each company’s model updates for the next two years, and the impacts these model updates will bring to the market.
Source:
2019 Seminar on Reinsurance
Type:
Concurrent Session
Moderators:
Ernesto Schirmacher
Panelists:
David Smith, Peter Dailey, Alan Frith
C-12: Letting the Cat out of the Bag: Structuring and Strategy
Why do companies buy what they buy for Property Catastrophe protection? How do they technically and strategically assess which structures are optimal? Our session will “Let the Cat out of the Bag,” revealing some potential methods that may be used when designing the optimal reinsurance program. We will feature a case study approach to demonstrate how a Company with specific risk tolerances and financial goals assesses reinsurance options within a broad global marketplace and executes accordingly. This session assumes a basic understanding of technical reinsurance metrics (LOL, ROL, OEP, AEP, ROE, etc…).
Source:
2019 Seminar on Reinsurance
Type:
Concurrent Session
Moderators:
Ernesto Schirmacher
Panelists:
Nathanial Wleczyk, Tim Releford
C-16: Property Risk and Cats: Playing Together
This session will introduce property risk rating, starting with dipping your toe into property per risk through an examination of developing first loss scales, through how experienced practitioners can use advanced per risk tools to price complex layered US and International per risk exposures. An emphasis will be made on illustrating adjusting first loss scales based on varying underlying COPE parameters, as well as merging attritional, minor, and major cat results together. The broker perspective will be highlighted to help avoid the underlap / overlap issues when preparing data and performing analyses. Some materials from the 2019 Hachemeister Award winning paper on property risk from the joint IFoA-CAS Working Party will also be presented.
Source:
2019 Seminar on Reinsurance
Type:
Concurrent Session
Moderators:
Ernesto Schirmacher
Panelists:
Jonathan Hayes, Brian Mullen, Don Yahalom
C-30: Wheels - Commercial Auto is Getting Personal
This session will provide an update to the Commercial Auto industry experience, most recently presented at last years CARe and CLRS sessions. Although there has been significant rate improvements in the past few years, recent results have still been rather challenging. This session will investigate why, including an analysis of lengthening LDFs. Additional claim drivers and litigation trends will be reviewed, including a diagnosis of the past and potential remedies for the future from a product managers perspective. A comparisons of trends, and drivers, will also be explored between commercial and personal auto.
Source:
2019 Seminar on Reinsurance
Type:
Concurrent Session
Panelists:
Marni Wasserman, Elliot Burn, Jennifer Stevens
I-2: Overlooking Tails and Related Impacts
Actuaries are faced with a multitude of decisions when either pricing contracts or establishing reserves. One of the most common decisions to make when confronted with less than fully credible data is establishing what development factors to select, how to weigh them with a library of layered incurred and paid industry benchmarks, and quite importantly trying to assess the length of the "tail".
This session will provide updated materials to help solve a “hypothetical real life example" of items typically found in an excess casualty submission, a set of industry benchmarks, and ingenuity to try to derive various pricing, reserving, and aggregate distribution indications. The "real" issue is that the illustrative data is 8x8, while it is expected that the actual development could go to 20+ years. The analysis will be tackled in different ways: one from a classical probability approach using various transforming, scaling, and duration mechanisms. The other approach will be summarized using a Bayesian Loss Development Credibility model to try to build a maximum likelihood estimate that compromises between the actual and benchmark patterns when confronted with wide ranges.
This session will also provide an update to research linking loss development factors and profitability, including more recently, impacts of potentially lengthening loss development factors ("longer tails") in various markets, and related impacts on rate changes. Competition hypotheses will be presented and tested for companies that overlook their tails, and the resulting impact on pricing models and profitability levels. A social inflation framework will also be discussed to help assess increasing severities and/or lengthening tail factors.
Source:
2019 Seminar on Reinsurance
Type:
Concurrent Session
Moderators:
Ernesto Schirmacher
Panelists:
Aleksey Popelyukhin, Don Yahalom
C-5: Current Issues and Trends in Medical Malpractice Liability and Beyond
This session will give an update on the state of medical malpractice and topics affecting the medical professional liability industry for insurers and reinsurers from an actuarial perspective with a practical view in mind. The topics will include the makeup of the marketplace, premium and loss trends, issues impacting reinsurance buying habits, mergers and acquisitions, and changes in healthcare delivery amongst others. The presenters will provide insights from experience in doing the business and interacting with clients. The audience will be encouraged to participate and ask questions throughout the presentation so the session is interactive as possible.
Source:
2019 Seminar on Reinsurance
Type:
Concurrent Session
Moderators:
Ernesto Schirmacher
Panelists:
Gregory Chrin, Brian Alvers
C-24: The CAS Institute
Learn about The CAS Institute (iCAS) and its new catastrophe risk management credentials, the Certified Specialist in Catastrophe Risk (CSCR) and the Certified Catastrophe Risk Management Professional (CCRMP), offered in partnership with the International Society of Catastrophe Managers (ISCM).
Source:
2019 Seminar on Reinsurance
Type:
Concurrent Session
Panelists:
Joanne Spalla, Mark Bove, Nicholas DiMuzio
CS9: Professionalism for Enterprise Risk Management
Actuaries working in Enterprise Risk Management have a variety of standards to help guide them. This interactive session will explore all of the tools with a special focus on ASOP 46 & 47. The session will include background, case studies, and games to test and apply your knowledge of these important ASOP's.
Source:
2019 Enterprise Risk Management Symposium
Type:
Concurrent Session
Moderators:
Peter Lowth
Panelists:
Michael Speedling, Kendall Williams
C-9: Environmental Liability
This session will address trends and issues in the Environmental Liability market from a primary insurance, reinsurance, and broker point of view. We will discuss the different products offered in Environmental Liability, with a specific focus on current exposures (excluding legacy Asbestos and Environmental). We will break down the latest frequency and severity trends, rate changes, pricing considerations, and coverage issues.
Source:
2019 Seminar on Reinsurance
Type:
Concurrent Session
Moderators:
Ernesto Schirmacher
Panelists:
Lon Chang, Daniel Greer, Robert Weireter, Matthew Taylor
C-28: Transactional Liability Insurance
Transactional Liability Insurance is a fast growing line of business. This session will provide foundational knowledge about the various products that are collectively referred to as Transactional Liability Insurance. We will discuss market trends, loss experience, and policy/treaty features in this market from a primary, reinsurance, and broker point of view.
Source:
2019 Seminar on Reinsurance
Type:
Concurrent Session
Moderators:
Ernesto Schirmacher
Panelists:
Ricardo Ramotar, Navine Aggarwal, Allyson Coyne
C-19: Reputation Risk in Reinsurance Transactions
The US Department of the Treasury published guidance in 2007 on Complex Structured Financial Transactions. Reinsurance could well have triggered some of those principles with transactions that betrayed public trust. In a time of substantial growth targets in our industry the pressure to write deals that could damage individual company's and the reinsurance industry's reputation is high.
In this session, we will review and talk about how reinsurance could run afoul of the CSFT guidance. There will be both actual and hypothetical examples within our industry and in the economy at large.
Source:
2019 Seminar on Reinsurance
Type:
Concurrent Session
Moderators:
Ernesto Schirmacher
Panelists:
Todd Hess
GS-2: ILS in the Post-Loss World
In this general session we will be covering the ILS market from the viewpoint of highly respected ILS industry participants and experts.
Topics covered include:
• How did the market reload after the 2018 events compare to the reload of 2017?
• After two years of loss events, how well has the ILS value proposition held up from an investor’s point of view?
• What are the biggest lessons learned from recent events? Including:
• California Wildfire losses including PG&E
• 2017 event reserve deterioration
• What is the long-term demand for products in the space?
• ILS beyond natural catastrophes – what might be on the horizon?
Source:
2019 Seminar on Reinsurance
Type:
General Session
Panelists:
Kathy Garrigan, Andre Perez, Richard Lowther, Aditya Dutt
GS-1: The Reinsurance Market
During this panel discussion we will have three industry experts, from diverse backgrounds, share their perspectives on the reinsurance market and the outlook for 2019.
Topics covered include:
• Six months into 2019: A pricing and profitability outlook. Are there any surprises?
• Consolidation:
• Will it continue in both the broker and (re)insurance space?
• To what extent has “price to book” impacted final sale price, based on insights from recent M&A valuations?
• What is the “sweet spot” for targets in 2019 and beyond? $1bn-$2bn or closer to $5bn and above
• Brexit and Lloyds – does it represent a disruption or opportunity for Bermuda?
Source:
2019 Seminar on Reinsurance
Type:
General Session
Moderators:
Ernesto Schirmacher
Panelists:
Kevin O'Donnell, Peter Hearn, Maamoun Rajeh
C-37: What iCAS is Up To: Updates on Credentials in Data Science and Predictive Analytics and Catastrophe Risk Management
At this session, leaders of The CAS Institute (iCAS) will provide an update on the Certified Specialist in Predictive Analytics (CSPA) credential as well as discuss our two-level Catastrophe Risk Management credentials.
This informative and interactive session will cover:
• What the Certified Specialist in Predictive Analytics (CSPA) credential is and how it will benefit your career.
• The five requirements for earning the credential.
• The knowledge, competencies and applications to business needs that have been incorporated into the credential's learning objectives, and how mastery will be assessed.
• The formation of a specialist practice community within iCAS for those interested in data science and predictive analytics.
• CSPA Continuing Education Requirements.
• An outline of the two-level Catastrophe Risk Management credentials.
• The relationship between iCAS and the International Society of Catastrophe Managers, which will be facilitating the specialist practice community for those interested in Catastrophe risk.
• Any questions you may have about The CAS Institute and any of its credential offerings.
Source:
2019 Spring Meeting
Type:
Concurrent Session
Panelists:
Stephen Mildenhall, Amy Brener
C-2: Applying Brain Rules For Effective Presentations
Got PowerPoint? Got numbers? Got cool charts? Check! Check! Check!
Ready to give an effective presentation? …maybe not.
More and more resources are available to us to put our numbers into more effectively designed graphs and charts. The next step is to put all of this information into effective presentations. Applying adult learning theory, specifically "Brain Rules", this interactive session will both explore specific rules that apply to presentations and collaboratively diagnose enhancements to a number of sample slides.
Problem slides? Send your slide to us in advance of the session and we will try to use it in our session. Want some private support and not to be shared? Let us know that too. Email to: sgould13@msn.com
Source:
2019 Seminar on Reinsurance
Type:
Concurrent Session
Moderators:
Peggy Brinkmann
Panelists:
Stephanie Rabin
A-1: Battlebots: Extreme Actuarial Pricing Challenge
Oh no! The pricing differential on my treaty across my reinsurers is HUGE!
We all know that actuarial pricing for a reinsurance treaty is an imperfect science. We have limited data; Loss development is further delayed by the retentions; Historical and future portfolio shifts can change the answer; Accounting for the softer items is important but difficult to incorporate. And the list goes on.
Three actuaries from three different companies will be given the exact same underwriting submission and reinsurance structure. Our brave actuaries will battle it out and put reinsurance pricing to the test.
*What’s their loss pick?
*How different are the picks?
*What drove their selections?
We will review how they got to their answers and compare / contrast the differences.
Source:
2019 Seminar on Reinsurance
Type:
Concurrent Session
Moderators:
Peggy Brinkmann
Panelists:
Scott Rosenthal, Ricardo Ramotar, David Qin
C-3: Aviation/Marine
This session will address the “state of the market” for aviation and marine coverages with discussion of recent experience, pricing challenges, and a view of the future.
Source:
2019 Seminar on Reinsurance
Type:
Concurrent Session
Moderators:
Peggy Brinkmann
Panelists:
Michael Falcone, Sean Dalton
C-8: Emerging Issues in Weather & Climate
Emerging issues following recent impactful hurricane and wildfire seasons will be discussed. Key impactful events, modeling challenges, resilience measures and climate context will be areas of focus.
Source:
2019 Seminar on Reinsurance
Type:
Concurrent Session
Moderators:
Peggy Brinkmann
Panelists:
Mark Bove, James Waller
C-26: The Roof is on Fire: Wildfire Modeling and Insurability in the CA Insurance Marketplace
Unprecedented losses in California during 2017 and 2018 have brought new attention to wildfires. As a result of the devastation, insurers, regulators, and government officials are acting with a new sense of urgency to understand and address the unique risks associated with this peril. In this session, we will review the landscape of wildfire models in the marketplace including recent updates among the leading modeling firms. Additionally, we will discuss the impacts and implications of wildfires on the California insurance industry, including regulatory and pricing challenges, insurance availability issues, and public policy considerations.
Source:
2019 Seminar on Reinsurance
Type:
Concurrent Session
Moderators:
Don Hendriks
Panelists:
Cody Webb, Mark Westmoreland
