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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-25B: 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:
2018 Annual Meeting
Type:
Concurrent Session
Moderators:
William Von Seggern
Panelists:
Patricia Teufel, Patrick Gilhool, Mindy Steichen
C-9: Applications of Vehicle History in Auto Insurance Rating and Underwriting
To evaluate the risk associated with personal auto coverage, insurers have traditionally relied primarily on information about the driver, such as age, gender and marital status; location, such as territory or ZIP code; the intended use of the vehicle, such as business or pleasure; and information about the vehicle when new, such as original cost new. Insurers then added detail to driver information using sophisticated credit scoring and demographic models. They added detail to vehicle use information with telematics and usage-based insurance pricing. Now, insurers have begun to add detail about the vehicle itself using vehicle history.
This session will discuss how carriers use vehicle history to more accurately price and underwrite risks. We will discuss obvious data elements, such as salvage title brands, verified average annual mileage, and severe damage. We'll also discuss data that may not be as obvious but has proven predictive of loss in the past.
Source:
2018 Annual Meeting
Type:
Concurrent Session
Panelists:
Matthew Moore, Don Hendriks
C-23: It's Not Superman Either...It's A Drone
This session will discuss the ways that DataWing Global has developed a national presence and availability to serve the insurance market. DataWing routinely images residential structures, commercial structures, industrial structures (oil and gas facilities, typically) and can facilitate advanced sensor monitoring to determine presence of invisible explosive gasses. The speakers will also discuss thermal imagery and the processes that are involved with accurate data capture and processing.
Source:
2018 Annual Meeting
Type:
Concurrent Session
Moderators:
D. Lee Barclay
Panelists:
Cory Shelton, Landon Phillips
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:
2018 Annual Meeting
Type:
Concurrent Session
Panelists:
Joanne Spalla, Amy Brener, Todd Lehmann
F-1: Impact the Future: The Data You Could be Using and the People You Could be Influencing
A host of the PBS series, NOVA Wonders, Dr. Talithia Williams is a groundbreaking professor, popular TED speaker, inspiring author and passionate STEM/STEAM advocate. She has made it her life's work to get people of all ages and backgrounds excited about the bold possibilities of a STEM education and to “STEMpower” women and minorities to enter these professions. A vibrant, engaging and energizing speaker, Dr. Williams demystifies data, statistics, probabilities and the mathematical process in amusing and insightful ways. She also passionately champions the contributions of scientists, technologists, engineers and mathematicians and their vital role in transforming our future. Her featured speaking address at the CAS Annual Meeting will focus on transforming the future with data and people.
Source:
2018 Annual Meeting
Type:
Featured Speaker
Panelists:
Talithia Williams
C-30: The Connected Home and the Future of Homeowners Insurance
In this session, panelists will discuss cutting-edge smart-home technology and discuss implications and opportunities for insurers. They will provide an overview of the connected home market and share insights from experience working on connected home programs to illustrate how insurers can embrace this new technology to improve and transform Homeowners insurance.
Source:
2018 Annual Meeting
Type:
Concurrent Session
Moderators:
Keith Allen
Panelists:
Charles Wolstein, Jon-Michael Kowall, Roel Peeters, Yuval Harry
C-12: Beyond Diversity: Why Inclusion is the Key to Successful Teams
In this hands-on workshop, participants will be divided into small groups to address one of two different case studies. The case studies will describe a workplace situation involving an actuary who identifies with a specific diversity group. Following small-group discussions of the case studies, there will be a structured conversation with all participants about issues and challenges related to diversity and inclusion in the actuarial profession, and how we can address them.
This session, organized by the CAS Diversity Committee, is open to attendees who identify with a diversity group, those who support them, and those who want to learn more. Supervisors of actuaries are especially encouraged to attend.
Source:
2018 Annual Meeting
Type:
Concurrent Session
Panelists:
Paul Kinson, Lynn Gehant
C-14: Captive Pricing Learning Lounge
An interactive review of Captive Pricing.
Source:
2018 Annual Meeting
Type:
Concurrent Session
Panelists:
Darcie Truttmann, Jordan Paszek, Michael Suess
C-7: An Actuary's Guide to the Mechanics and Magic of Blockchains 
Many people talk about blockchains without a clear idea of what they are and how they work. As actuaries we are well equipped to understand the mechanics and magic (yes, there is some magic) of the blockchain. Having an appreciation for the ingenious solutions blockchains provide to various real business problems enables a more meaningful debate about insurance applications.
This session will explain the key components of a blockchain database in some depth, describing a range of potential insurance applications. The technical part of the session will describe the Bitcoin implementation of a blockchain, specifically:
- a description of a key-value database
- the concept of a hash function and how it guarantees data integrity
- the concept of proof of work and how it enables immutable data validity between strangers
- public key encryption and digital signatures
- smart contracts
- strengths and weaknesses of the blockchain as a database
[It will NOT discuss the pros and cons of Bitcoin as "money" - fascinating though that is!]
Source:
2018 Annual Meeting
Type:
Concurrent Session
Moderators:
D. Lee Barclay
Panelists:
Stephen Mildenhall, David Wright
G-4: Silicon Valley: Actuarial Style
We’ve heard about the battle between actuaries and data scientists. But what about the world of tech? Can we survive there? What skills translate? Let’s hear from a panel of speakers with firsthand experience of what it’s like to work at a tech firm.
This panel style discussion will focus on addressing three main questions:
• What does an actuary in the tech industry do?
• What unique skills are required to succeed in this field?
• What is the future of actuaries in tech?
Source:
2018 Annual Meeting
Type:
General Session
Moderators:
D. Lee Barclay
Panelists:
Anita Sathe, Frank Chang, Kudakwashe Chibanda, Gregory Ryslik, Joshua Pyle
C-38: Wheels of Misfortune
This session will provide an update to the Commercial Auto industry experience, most recently presented at the 2018 March CAS Webinar and June CARe Wheels Down sessions. We will review various industry results from the 2000s through 2017. We will include a detailed review of 2017 with an emphasis on actual vs. expected testing indications, potential lengthening ground-up and excess loss development factors, case reserving practices, industry based initial expected loss ratios, and underwriting cycle ramifications. Additional claim drivers and litigation trends will be reviewed. An underwriter and commercial auto product manager who lived through the wheels ups and downs over the last decade will give their experience from a ground level perspective, including measures to help improve insights in this continually challenging line of business.
Source:
2018 Annual Meeting
Type:
Concurrent Session
Moderators:
William Von Seggern, D. Lee Barclay
Panelists:
Michael Rozema, Diane Injic, James Davidson
C-22B: Introducing the Individual-Claim Level Reserving Simulator 2.0
The Committee on Dynamic Risk Modeling, a CAS R&D committee, has engaged with ReservePrism, LLC to develop an individual-claim level simulator that is specifically designed for reserve analysis. The simulator is an open-source platform built with a new R package and an EXCEL API. It can develop distribution and copula assumptions from experience data and simulate open claim development, claim reopenness, IBNR and UPR (future claims) at the individual claim level. This session will introduce the methodology and process including claim data analysis, fitting, simulation and reporting. The new simulator will be demonstrated to help the audience understand how it can help their reserving work and how to use the simulator.
Source:
2018 Annual Meeting
Type:
Concurrent Session
Moderators:
William Von Seggern
Panelists:
Hai You, Kailan Shang, Daniel Lupton
C-2: Active Shooter Liability - What you need to Know
The rising numbers of Active Shooter / Deadly Weapon attacks are a bit staggering with 2017 and 2018 averaging one mass shooting per day, 2016 reaching record high 384, surpassing the 334 mass shootings in 2015 and a 47% increase over the 227 events in 2014. Mass Shooting defined as 4 or more victims. Per OSHA there are approx. 700 workplace homicide victims per year.
A variety of organizations have a duty of care to maintain a safe environment for staff and visitors. In the event of an active shooter attack, they could be held liable. There are significant challenges to school systems in securing their place of business while managing a vast throughput of people. These organizations are particularly at risk from a lone attacker who could enter unchallenged. Organizations have been successfully sued for negligent security.
Active Shooter/Workplace Violence Insurance covers liability and extra expenses tied to shootings, providing victim death benefits with additional medical expense benefits. The program considers all classes of business, including but not limited to government agencies, education, religious institutions, hospitality, entertainment, retail, and public entities. The program also covers a wide range of attack-types, such as knife and vehicular attacks, rather than solely deadly attacks committed with a firearm.
Source:
2018 Annual Meeting
Type:
Concurrent Session
Moderators:
D. Lee Barclay
Panelists:
Jin Kim, Paul Marshall
C-21: GLMs, Machine Learning, & More, oh my!
The presentation is introductory for those not familiar with modeling techniques. Even actuaries involved in predictive modeling should find this topic interesting and new. It walks through the terminology and deconstructs various modeling methods in a clear and easy to understand way. Additionally this presentation will look at the actual results and examples of how other analytic and machine learning methods are used to enhance the GLM used in pricing. This presentation will also discuss examples on how the analytic and machine learning methods can be implemented within the current GLM based pricing structures.
Source:
2018 Annual Meeting
Type:
Concurrent Session
Moderators:
D. Lee Barclay
Panelists:
Gary Wang, Don Hendriks, Michael Chen
C-25: 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:
2018 Annual Meeting
Type:
Concurrent Session
Moderators:
William Von Seggern
Panelists:
Patricia Teufel, Patrick Gilhool, Mindy Steichen
C-4: 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:
2018 Annual Meeting
Type:
Concurrent Session
Panelists:
Michael Speedling, Martin Menard
C-27: Model Estimation Research Papers
#1. Why maximum likelihood estimation is being replaced by Bayesian shrinkage, with ratemaking and reserving implications
Bayesian shrinkage is an estimation approach that achieves lower predictive variance than MLE. It shrinks estimates towards the overall mean much like credibility does to get more accurate predictions on the whole. It readily applies to regression and GLM-type models like those used in ratemaking and reserving. It usually reduces the effective number of parameters. That can facilitate the use of more complex models that would otherwise be unwieldy but which can capture more driving factors. Classical and Bayesian versions are illustrated for actuarial models, with some code for application packages.
#2. Severity Curve Fitting for LongTailed Lines: An Application of Stochastic Processes and Bayesian Models
I present evidence for a model in which parameters fit to the severity distribution at each report age follow a smooth curve with random error. More formally, this is a stochastic process, and it allows us to estimate parameters of the ultimate severity distribution. I detail a Bayesian hierarchical model that takes a modestly sized dataset of triangulated individual claim data and returns posterior distributions for the parameters of the ultimate severity distribution, trend and loss to an excess layer. Currently available methods are also discussed. Full code and data are provided in the appendices.
Source:
2018 Annual Meeting
Type:
Concurrent Session
Moderators:
Christopher Gross
Panelists:
Gary Venter, Greg McNulty
C-3: Actuarial Think Tank: International Travel Insurance Market
Scenario: You are an actuary working for a company looking to expand into the International Travel Insurance Market for personal lines. The company is interested in pricing four distinct coverages:
• Cancellation (need to cancel trip prior to departure)
• Medical (need for medical assistance while on vacation)
• Travel Interruption (lost baggage, delayed flight, etc.)
• Theft/Extortion while abroad
You’re a member of team responsible for developing the pricing strategy for CANCELLATION coverage. There are two teams working on this coverage and you are a part of TEAM NUMBER 1. Your team is led by a senior actuary who will identify themselves at the beginning of this session. Work with your group to produce an initial framework for pricing this coverage. Considerations may include but are not limited to the following:
• Data Sources/Quality
• Coverage limits/deductibles & aggregate limits for policies covering more than one traveler
• Rating Variables
• Exposure Base
• Exclusions
You have approximately 25 minutes to work with your team and develop a framework for how to proceed. Then you’ll have another 20 minutes to collaborate with others who have been thinking through the same coverage.
Source:
2018 Annual Meeting
Type:
Concurrent Session
Moderators:
D. Lee Barclay, D. Lee Barclay
Panelists:
Kristen Dardia, Chris Turner, Erin Davidson
C-18: Cyber Insurance Through Different Lenses
The role of the actuary in dealing with cyber risk and insurance is challenging. It’s complicated by the lack of available data as well as the constantly shifting threat landscape. In order to get a better understanding of the cyber insurance market as well as the actuary’s role in quantifying this unwieldy risk, it is important to survey a wide range of perspectives on the matter, especially individuals from different types of entities in the industry. This session will be a panel discussion consisting of cyber professionals from a broker, an insurer, a reinsurer, and moderated by a cyber actuary from ISO. Topics that will be discussed include: the role of the actuary in quantifying cyber risk, opportunities, challenges, market trends, and issues that keep everyone up at night. Live polling will be used to enhance engagement from the audience.
Source:
2018 Annual Meeting
Type:
Concurrent Session
Moderators:
William Von Seggern
Panelists:
Eduard Alpin, Jonathan Laux, Ya Jia, Ryan Givens
C-26: Managing Natural Catastrophe Risks
Generally, when one hears the phrase “Natural Catastrophe” the first thing that pops into their mind is a hurricane. This is normally followed by a tornado. However, recent natural catastrophe experience has shown that there is much more to it. Wild fires, winter storms and floods have been occurring at an all too frequent rate. So how do companies manage against all of these types of catastrophes? This panel will help answer that question.
Source:
2018 Annual Meeting
Type:
Concurrent Session
Moderators:
Christopher Gross
Panelists:
David Snow, Josie Fix, Dan McElvany, Charles Marshall
C-24: Learning Lounge Case Study: Material Adverse Reserve Development? When is it just that stuff happens?
Join us in an interactive audience participation session where panelists illustrate a real life but disguised case studies where the audience will be asked to evaluate a specific series of circumstances where an Appointed Actuary reserve review was deemed in hindsight to be over materially deficient one of two years later. The RMAD disclosures states that there was no anticipated risk of material adverse development.
The audience will be provided with data and pother information in advance of the session. Discussions will involve considering our professional code of conduct, actuarial standards of practice, and considerations in best practices in reserve analysis and disclosures. The audience will be asked to consider when situations such as that contained in the case studies are due to professional negligence, professional ignorance, or just mere happenstance. Join us for a thought provoking discussion.
Source:
2018 Annual Meeting
Type:
Concurrent Session
Moderators:
D. Lee Barclay
Panelists:
Robert Wolf, Mary Frances Miller
C-29: Strategic Decision-making, ERM Standards of Practice, and Code of Professional Conduct. Learning Lounge - An ERM Case Study
Join us in an interactive audience participation session where the panelists will illustrate a real life but disguised case study that considers situations where decision-making making and ERM standards of practice may cross tough paths. The process of providing practical strategic recommendations may be at odds with or be on the border of breaching ERM standards of practice and actuarial standards of practice as regards risk mitigation and disclosures. The audience will need to consider when is it a breach.
The panelists will provide viewpoints and counter viewpoints on the case study and will facilitate interactive discussions with the audience.
Source:
2018 Annual Meeting
Type:
Concurrent Session
Moderators:
D. Lee Barclay
Panelists:
Robert Wolf, David Mamane
C-31: The Evolution of the definition of a “Qualified Actuary” 2019
The Quarterly and Annual Statement Instructions--Property/Casualty (Instructions) include the requirement for a property/casualty (P/C) company’s Board of Directors to appoint a “Qualified Actuary” to issue the company’s Statement of Actuarial Opinion (Actuarial Opinion). Once appointed, the Qualified Actuary is called the “Appointed Actuary.”
Upon review of the definition of a P/C “Qualified Actuary”, the Executive (EX) Committee of the NAIC decided regulators should better define a “Qualified Actuary” for purposes of being an Appointed Actuary. In August 2017 the NAIC began a Job Analysis Project to produce an evidence-based definition of a “Qualified Actuary.” The revised definition is intended to be used in evaluating qualifications of actuaries and the educational programs of U.S. actuarial organizations.
This session is intended to provide an update of progress to date and current events. The session is intended for the audience to provide questions, feedback and input.
Source:
2018 Annual Meeting
Type:
Concurrent Session
Panelists:
Patricia Teufel, Kevin Dyke
C-17: Crashing, Crash Avoidance and the Future of Driving
Vehicles are more crashworthy than ever before and increasingly are fitted with technologies to stop them from crashing, but in recent years fatal crashes have increased. This presentation will share some insights into those contradictory tends. It will explore improvements in crashworthiness, evaluations of collision avoidance systems, level 2 vehicle automation, marijuana, vehicle speed and changes to the vehicle fleet that are impacting safety and insurance.
Source:
2018 Annual Meeting
Type:
Concurrent Session
Moderators:
Christopher Gross
Panelists:
Matthew Moore, David Snow
C-15B: Climate Change and Catastrophes - Correlation or Causation?
Hurricanes Maria, Irma, and Harvey struck the coasts of the United States in late 2017 with estimated combined damage costs of more than $200 billion. Individually, they were some of the costliest hurricanes in US history and they all occurred in the same year. Some meteorologists attributed the severity of these hurricanes to warmer waters as a result of global warming and climate scientists expect to see more of these types of storms in a warmer world. In addition to hurricanes, overall and insured losses due to other weather catastrophes (wildfire, drought, and flood) have also increased significantly over the past few decades. Is this a trend we’ll continue to see in the future? What is the impact on Catastrophe Models? How are insurance companies responding to these changes in 2018 and 2019?
Source:
2018 Annual Meeting
Type:
Concurrent Session
Moderators:
Christopher Gross
Panelists:
Peter Sousounis, Paul Eaton
