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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-1: 01000100 01100001 01110100 01100001: How do we standardize it?
Standardizing reinsurance submissions and data has been an age-old problem we face in the industry. As actuaries working with that data, manipulating it into what we need, without making an error along the way, can take longer than our comprehensive analysis itself. Will there be one standard we all can follow? Will there be one platform? We’ve been trying to do this for a long time, why and how will it work this time?
In this session we will explore a number of solutions actively being pursued today to face this challenge head on:
* An excel-based data exchange (EBDEX) for uniform formatting of reinsurance submissions
* A joint project between Aon and Swiss Re on e-placement
* B3i – an collaborative blockchain initiative to improve data usage and efficiency, make insurance risks more tradable / affordable, and improve the client experience
With this broad collection of initiatives, the attendee will better understand the status, use case, the pros and cons, and the common themes of each of these platforms.
Source:
2019 Seminar on Reinsurance
Type:
Concurrent Session
Moderators:
Don Hendriks
Panelists:
Kurt Dickmann, Stephanie Rabin, Dom Yarnell, Alexandro Menchaca
C-12: Deciphering Cyber: The Current and Future State of Cyber Risk
Panelists will discuss the current state of information security and cyber risk management, and they will explore emerging issues and trends that could impact the insurance industry.
Source:
2019 Spring Meeting
Type:
Concurrent Session
Panelists:
Stephen Pannucci, David Standish, Laurie Kamaiko, Jean-Francois Greeff
C-32: The Pelican State: Understanding the Louisiana Insurance Marketplace
In 2005, Hurricane Katrina devastated the Greater New Orleans area, causing $161 billion of damage. Over $10 million in damages occurred in Louisiana in 2016 due to a catastrophic flood. Auto insurance rates are currently the second highest in the country as much of the population remains uninsured or underinsured. For coastal rates, affordability and adequacy is a constant battle. Throughout this session, we will discuss the Louisiana insurance marketplace, focusing on some of the current challenges and a deeper look at some recent task force work done to analyze potential legislative solutions to Louisiana’s high automobile rates. We will also discuss the Louisiana Homeowners Insurance market, the affordability/availability of coverage therein, and some of the efforts made on a state and national level that have been or will be implemented to mitigate damages caused by perils such as windstorms and flood.
Source:
2019 Spring Meeting
Type:
Concurrent Session
Moderators:
Don Hendriks
Panelists:
Kellen Miller, Charles Hansberry, III
IET-3: Insurtech From the Perspective of a Founder
The last few years have seen a surge of activity among insurtech startups, fueled by billions of dollars of venture investment—some at eye-popping valuations. The resulting space is cluttered, confusing, and rapidly evolving. In this session, you’ll hear the first-hand perspective of someone who left a senior executive role at a top 5 insurer to start his own insurtech company. Ty Harris was EVP & Chief Product Officer for Personal Lines at Liberty Mutual before taking the leap to found Openly Inc, a new personal lines platform. In addition to telling you about Openly and his personal journey, Ty will give his take on the industry’s likely evolution, what it will take to win, and the hype vs. reality of today’s crop of insurtechs.
Source:
2019 Ratemaking, Product and Modeling (RPM) Seminar
Type:
Concurrent Session
Moderators:
David Shleifer
Panelists:
Ty Harris
C-9: Casualty Microinsurance Pricing
A look at casualty microinsurance pricing and a real life example of microinsurance products.
Source:
2019 Spring Meeting
Type:
Concurrent Session
Panelists:
Edem Togbey, Andrew Hoffman, César Neves, Keith Allen
CS27: The Regulatory and Industry Views on ORSA in the US and Canada
ORSA is an internal process undertaken by an insurer or insurance group to assess the adequacy of its risk management and current and prospective solvency positions under normal and severe stress scenarios. An ORSA will require insurers to analyze all reasonably foreseeable and relevant material risks (i.e., underwriting, credit, market, operational, liquidity risks, etc.) that could have an impact on an insurer's ability to meet its policyholder obligations.
In the USA, pursuant to the ORSA Guidance Manual and the Risk Management and Own Risk and Solvency Assessment Model Act (#505), the ORSA has two primary goals: 1) to foster an effective level of ERM at all insurers, through which each insurer identifies, assesses, monitors, prioritizes and reports on its material and relevant risk identified by the insurer, using techniques that are appropriate to support risk and capital decisions; and 2) to provide a group-level perspective on risk and capital, as a supplement to the existing legal entity view.
In Canada, similar goals can be seen in the OSFI’s Guideline E19 on ORSA.
This session will briefly review the origin and evolution of ORSA. The session will then focus on ORSA’s role today and it’s future as a cornerstone of insurer financial regulation, and see how companies and regulators are adapting in the last few years.
This session will feature Life, Property / Casualty regulatory and insurer perspectives.
Source:
2019 Enterprise Risk Management Symposium
Type:
Concurrent Session
Moderators:
Peter Lowth
Panelists:
Chester Szczepanski, David Heppen, Seong-min Eom, Kerry Reinke
G-3: Wildfires: What Can We Do to Stop Them?
The western United States is experiencing an unprecedented escalation of wildfire incidents and costs, and past history is no longer a good measure of short- and mid-term wildfire future predictions. Specifically, wildfire threat has seen a substantial increase in the previous two decades, growing to become one of the greatest natural disaster perils in the western U.S. and the sixth-greatest natural disaster peril in the country overall.
Fortunately, unlike with other major perils—such as hurricanes, floods, and earthquakes—wildfire loss can be greatly reduced through supplemental risk management strategies and tools. And sound wildfire strategies based on the wildfire threat experience of the recent half-century are already being used in the insurance industry. However, the insurance industry is starting to feel a strain as a result of increasing wildfire threat and is realizing that the tried-and-true strategies of the past are not able to keep up with this rapidly expanding threat.
Now needed are supplemental wildfire strategies—prewildfire; during-the-wildfire; and overarching, or super, strategies—that use tools and innovations designed to keep pace with the rapidly escalating peril that is wildfire in the twenty-first century.
Source:
2019 Spring Meeting
Type:
General Session
Moderators:
Paul Kutter
Panelists:
John Rollins, Cody Webb, Chris Folkman
G-4: Insurtechs and IoT: Changing the Face of Insurance
Over the last few years Insurtechs have moved from being viewed as disruptors in the insurance landscape to partners with many insurers. There is no reason to believe that this environment of rapid evolution in insurance will not be the new normal. This session will explore the market place of Insurtechs. What are the trends in Insurtechs (e.g. UBI)? How are insurers preparing and reacting to these changes? Are insurers being proactive or merely reactive? And finally what do IoT based pricing and emerging risks mean for actuarial pricing and reserving?
Before you come to this session, please view this YouTube video https://youtu.be/YX2QHA1sMaY from speaker Rob Galbraith.
Source:
2019 Spring Meeting
Type:
General Session
Panelists:
Rob Galbraith, Matteo Carbone
C-20: Lights! Camera! Professionalism!
Have you ever come across professional dilemmas that you wish you had seen in a skit before facing them? If not, now’s your chance! Come and see some fine acting by fellow actuaries while they perform sketches and grapple with such issues. You will walk away from this session with a better understanding of ASOP’s, the Codes of Conduct, and how to apply them when you face your own professional ethical dilemmas. This session may be counted as professionalism credit for continuing education.
Source:
2019 Spring Meeting
Type:
Concurrent Session
Panelists:
Pat Teufel, Mary Hosford, Kathryn Walker, Derek Chin, Andrew Cheng
C-3: Actuarial Trivia Challenge!
From the group that brought you Jeopardy!, Family Feud, and Who Wants To Be An Actuary?, the CAS Professionalism Education Committee presents the latest incarnation of its actuarial trivia format. Using the Kahoot app, audience members will answer a series of multiple-choice trivia questions that will test the depth of their knowledge on the profession’s professional standards. See if you can come out on top!
Session participants should walk away from this session with a better understanding of ASOP’s, the Code of Conduct, and how to apply them when facing their own professional ethical dilemmas. This session may be counted as professionalism credit for continuing education.
Source:
2019 Spring Meeting
Type:
Concurrent Session
Panelists:
Kathryn Walker, Michael Starke, Jim Bedford
C-8: Can Actuaries be replaced by Artificial Intelligence?
Artificial Intelligence (AI) is reaching performance milestones in reading comprehension, image analysis, and decision-making that have prompted academics, industry experts, and business leaders to consider what this means for the future of work. Certainly there is low-level work that could be accomplished by AI, but…Will it be smart enough to replace Actuaries? Join the discussion with industry experts that straddle the fields of AI and insurance.
Source:
2019 Spring Meeting
Type:
Concurrent Session
Panelists:
Jason Rodriguez, Chris Cheatham, Liam McGrath
C-21: Machine Learning – Moving away from GLMs to new techniques
GLMs have proven to be a valuable tool across all industries including, of course, insurance. However, the field of Machine Learning has produced many new techniques over the past decade with both improved predictive performance and new model interrogation standards. Join us in this panel discussion was we discuss the practical aspects of incorporating machine learning algorithms into the analysts toolkit. We will also discuss applications where machine learning approaches may replace standard GLMs.
Source:
2019 Spring Meeting
Type:
Concurrent Session
Panelists:
Jason Rodriguez, Dana Ferguson, G Edward Powell
F-1: Resilient Leadership: Prepare Today to Prevail Tomorrow
As the commander of Joint Task Force Katrina, he became known as the “Category 5 General” for his striking leadership style in coordinating military relief efforts in post-hurricane New Orleans. A decorated 37-year U.S. Army veteran and global authority on leadership, Gen. Honoré is the go-to expert on CNN, Fox, MSNBC and CBS on emergency and disaster preparedness and Hurricanes Harvey, Irma and Maria crisis management.
Drawing on his in-the-trenches experience managing conflicts of both the natural and man-made variety, his disciplined leadership takeaways inspire audiences in a range of fields, including business, management, government, military and education. His third book, Don’t Get Stuck on Stupid!, challenges society in the age of the new normal—a business environment where change and unpredictability are constants, and individual resilience is mandatory. He helps organizations develop a culture of preparedness and problem solving with strategies for transforming individuals into take-charge leaders.
Authentic and uplifting, Gen. Honoré delivers a bracing dose of candor in his talks with real-world leadership lessons that equip audiences with a preparedness mindset. Gen. Honoré shares his no-nonsense approach to getting the job done and instills confidence in tomorrow’s leaders.
Source:
2019 Spring Meeting
Type:
Featured Speaker
Panelists:
Russel Honoré
G-1: Insurance Market Dynamics
Man-made catastrophes, technology/digitalization, economic uncertainty, globalization/geopolitical polarization, and U.S. domestic politics are just few of the factors disrupting the insurance industry.
In this session, the first speaker will discuss the state of insurance (top issues, consolidation, costs) and its financial performance over the last 15 years with a special focus on rising auto costs and on leadership needed to sustain the business model, create jobs and promote/facilitate economic growth. He will also discuss InsurTech and provide a holistic approach to successful digital transformation that considers recent work of the Insurance Information Institute.
The second speaker will explain why some disruptions may be killing the insurance cycle or prolonging the soft cycle (if cycles ever existed). The traditional industry may be burning, with a different industry, phoenix, rising from its ashes.
Source:
2019 Spring Meeting
Type:
General Session
Panelists:
Sean Kevelighan, Benoit Carrier
CS25: Linking Risk Appetite to Decision Making
Risk Appetite statements are often vague and qualitative, making it challenging to make the connection to day-to-day decision making. In this session, we discuss leading practices for defining risk appetite clearly and quantitatively, providing a direct and actionable line-of-sight to decision making.
Source:
2019 Enterprise Risk Management Symposium
Type:
Concurrent Session
Moderators:
Peter Lowth
Panelists:
Sim Segal, Jacob Rosengarten, Daniella Uribe
PM-10: Running to Keep Up: Opportunities in Personal and Commercial Pricing
We will consider some of the emerging issues and opportunities within p&c rate-making and product management and how insurance professionals can respond. The world of insurance is moving faster than ever before with insurers and intermediaries looking to capitalize on innovative pricing approaches and modern techniques.
This session will focus on some of the key concerns and opportunities of insurers and intermediaries, both globally and within the United States. Topics will include:
Personal lines
• Is price optimization emerging again and how best to use it
• What processes are required to support best practice pricing in 2019
• Are aggregators going to disrupt the US market as they have overseas?
Commercials lines
• Traditionally a neglected area for pricing innovation, insurers are increasingly focused on driving innovation within commercial lines, what should insurers be doing in 2019?
• How can commercial lines pricing and underwriting be industrialized?
Source:
2019 Ratemaking, Product and Modeling (RPM) Seminar
Type:
Concurrent Session
Moderators:
Andrea Cablayan, Brett Nunes
Panelists:
Neil Chapman, Benjamin Williams
IET-13: Using Telematics Data Beyond Pricing
Insurance companies have embraced the use of telematics data as a means to price more accurately. There are, however, significant opportunities for insurance companies beyond the pricing application. This session will explore the potential of using telematics data to:
• Help improve the response and handling when claims happen
• Drive changes in driving behavior to eliminate claims before they happen
Source:
2019 Ratemaking, Product and Modeling (RPM) Seminar
Type:
Concurrent Session
Moderators:
David Shleifer, Brett Nunes
Panelists:
Geoffrey Werner, Joseph Griffin
PM-8: What you are Missing: Using Vehicle-Specific Information in Auto Insurance
Advances in safety technology, such as collision avoidance systems and semiautonomous driving features, are transforming the way we drive. They are also transforming the exposure insurers face when underwriting vehicles. This session will discuss how recent developments can be used to segment an insurers book of business to better identify those vehicles that pose a better risk. We will also discuss how a vehicle's history can impact the insurability of the vehicle.
Source:
2019 Ratemaking, Product and Modeling (RPM) Seminar
Type:
Concurrent Session
Moderators:
John Burkett
Panelists:
Donald Hendriks
G-2: Clamping Down on Fraud
As the insurance industry continues to embrace data analytics, the fraud sector is seeing increasing benefits of implementation both domestically and abroad. Fraud is an international problem as business and manufacturing become more global. What impacts a company in Europe or Asia, will also affect companies in the U.S. and other countries. Cyber-attacks such as the WannaCry virus are an excellent example of how one event can have global repercussions. There are new tools, however, that will assist insurers and business owners in detecting and tracking the impact of fraud. Insurance fraud professionals weigh in on how data analytics is changing the insurance fraud landscape.
Before attending this session, please read this article: Secrets to Combatting Insurance Fraud with Data Analytics http://www.claimsmagdigital.com/claims/january_2018?folio=42&pg=42#pg42
Source:
2019 Spring Meeting
Type:
General Session
Panelists:
J. Michael Skiba "Dr. Fraud" , Jeffrey Rapattoni, Kathryn Walker
PM-7: Development of a New Product between Two Companies - A case study
This session will take a deep-dive look at the partnership between e2Value and Willis Towers Watson, and the recently developed Structure Insurance Score. The score measures risk inherent to a property insurer based on several unique characteristics of a home or building - ones typically outside traditional rating characteristics. Attendees of the session will not only learn more about the score and its advanced uses of data analyzation, they'll learn about how the companies' shared goals and innovative partnership led them to success.
Source:
2019 Ratemaking, Product and Modeling (RPM) Seminar
Type:
Concurrent Session
Moderators:
Cheng Khang Saw, Pamela Sealand Reale, Kristen Dardia Turner
Panelists:
Jeffrey Kucera, Klayton Southwood, Katey Walker
C-2: Actuarial Innovation
Serhat Guven will discuss how innovations in technology, analytics, and automation drive customer engagement and growth. He will present use cases that illustrate how these trends increase speed to market and improve overall performance. Finally as he will compare and contrast key aspects of corporate culture that promote innovation – this includes commentary on the new AM Best Innovation score as an important element within the actuarial function.
Kevin Kuo will discuss the Community Driven Innovation in Actuarial Science and introduce Kasa AI, a non-profit initiative for conducting research and building free software for insurance analytics in the open. The movement is supported by actuaries and data scientists from industry and academia around the world. We provide an overview of the current projects and discuss benefits of getting involved.
Source:
2019 Spring Meeting
Type:
Concurrent Session
Panelists:
Serhat Guven, Kevin Kuo, Wesley Griffiths
IET-12: Transformation of Underwriting through Analytics
The exponential advancement of technology is enabling the collection of data on current and prospective customers like never before. Advanced analytics can unlock the insights from this data to enhance customer and employee experiences, as it has recently in many industries. The P&C insurance industry is behind this trend, but many leading carriers are beginning to use technology, data, and advanced analytics to transform the end to end underwriting process for commercial lines insurance. This session will explore some of the changes possible, including not only advancing the pricing of commercial accounts, but also business process engineering improvements through information ingestion and delivery, automated issuance, intelligent intervention, guided decision making, business intelligence and portfolio management. These capabilities can empower front line underwriters with the insights from analytics to drive more consistent underwriting and pricing outcomes aligned with management strategies, increase process effectiveness, drive down costs, and increase the ownership and accountability for portfolio growth and profit while increasing underwriting career satisfaction.
In this session we not only examine what can be achieved, but how a team might position itself to execute.
Source:
2019 Ratemaking, Product and Modeling (RPM) Seminar
Type:
Concurrent Session
Moderators:
John Burkett, Fiona So
Panelists:
Jeffery Hay, David Ovenden
G-2: Insurtech: The Right Tools for the Job
A panel of Insurtech experts will discuss how these organizations are assisting the insurance industry by providing tools needed to be successful. Panelists will cover the importance of appropriate platforms and data for successful ratemaking and underwriting innovation.
Source:
2019 Ratemaking, Product and Modeling (RPM) Seminar
Type:
General Session
Moderators:
Edward Yao, David Shleifer, Brett Nunes
Panelists:
Geoffrey Werner, Hubert Byron III, Veronique Grenon
G-1: The Moral Machine Experiment: Analyzing 40 Million Ethical Dilemmas about Driverless Cars (Livestream)
An expert in Machine learning and Artificial Intelligence will speak on current topics of interest around this continually emerging technology.
Source:
2019 Ratemaking, Product and Modeling (RPM) Seminar
Type:
Featured Speaker
Moderators:
Houston Cheng, Brent Petzoldt
Panelists:
Iyad Rahwan
LL-2: Presentations, Conversations and Articulations: Public Speaking For (Those Who are Not) Dummies
A large part of our day-to-day professional employment involves communicating with others. While many of us often feel we “live” on email, we do also speak with people face-to-face or over the telephone. This interactive, hands on Learning Lab will provide information to help us hone our verbal communication skills.
Using the meeting format that is part of the successful Toastmasters program, we will hear some short presentations on communication tips and tricks, including guidelines for presenting technical material to non-technical audiences. In addition, attendees will be given the opportunity to speak “’off the cuff” for 1-2 minutes on a variety of RPM-related topics (e.g. do you prefer R or Python and why?).
Source:
2019 Ratemaking, Product and Modeling (RPM) Seminar
Type:
Concurrent Session
Moderators:
Edward Yao, Fred Karlinsky
Panelists:
Brian Fannin, Amy Brener
