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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.
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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.
GS-1: The Dueling Brokers: Pricing Edition (Livestream)
During this panel discussion we will have three brokers with three different perspectives. Let’s hear about their opinions on where we are in the market today, where we have been, and what we could see on the horizon.
Questions the panel will consider:
• Will we hit a hardening market or is that concept a dead duck?
• What will the next hard market look like? Will it feel like the world post-KRW or post 9/11?
• What would it take to get to a hard market?
Source:
2018 Seminar on Reinsurance
Type:
General Session
Panelists:
Stephanie Rabin, Andrew Marcell, James Bradshaw
A-1: Advanced Track – 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 on a working Multi-Line layer.
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:
2018 Seminar on Reinsurance
Type:
Concurrent Session
Moderators:
Ahmad Shadman
Panelists:
Sean Devlin, Stephanie Rabin, Christopher Swan, Lesley Bosniack
C-12: Mortgage Credit Risk Sharing – The Evolving Landscape
Fannie Mae and Freddie Mac mortgage credit risk sharing credit insurance transactions have expanded the opportunity for reinsurers to participate in the mortgage credit risk markets beyond reinsuring the private mortgage insurers. Reinsurers have seized this growth opportunity in the face of significant competitive pressures affecting much of their traditional business. This session will examine the dynamic evolution of the credit risk transfer market which has seen numerous new product features as well as completely new structures. Rating agency and regulatory responses to the growth of this market will also be covered.
Source:
2018 Seminar on Reinsurance
Type:
Concurrent Session
Moderators:
Stanislav Eratt
Panelists:
Michael Schmitz
C-1: Arbitration 201: A Peek Inside the Hearing Room
As a sequel to the CARe 2017 presentation "Arbitration 101: What Every Actuary Should Know About Arbitration," the panel of distinguished actuaries and reinsurance lawyers will perform a series of mock arbitration vignettes related to a dispute over the interpretation of a structured reinsurance contract, and the audience will render decisions. Topics addressed include rules of discovery, interpretation of important reinsurance contract clauses and expert testimony. Additionally, this session will help prepare you for involvement in reinsurance and insurance disputes, and help you become a better expert witness.
Content is accessible to all, regardless of attendance at the CARe 2017 session.
Source:
2018 Seminar on Reinsurance
Type:
Concurrent Session
Moderators:
Michael Larsen
Panelists:
Paul Braithwaite, Elizabeth Sander, Steven Schwartz, Alysa Wakin
C-17: Runoff
The session will describe runoff as a business, and will have an actuary from a runoff reinsurance business speak on what it is like to be in this environment. The session will also provide information on the new legislation in Oklahoma and Rhode Island and how it may impact the runoff reinsurance business.
Source:
2018 Seminar on Reinsurance
Type:
Concurrent Session
Moderators:
Ahmad Shadman
Panelists:
Thomas McIntyre, Luann Petrellis, John Ferrara
A-2: Advanced Track - Risk Transfer
Risk transfer is a topic that comes up for insurance transactions and reinsurance transactions. Conversations involving risk transfer can involve one's auditors, regulators and rating agencies as accounting treatment of insurance transactions is often a very material consideration. The presentation will touch base on the historical development of risk transfer rules. It will also discuss more recent developments in the area such as reasonably self evident status. The session will discuss basic tests used to show risk transfer. The session will also point out a test case of a deal that loses money to the insuring entity but still does not pass risk transfer. The session will consist of traditional presentations but the hope is to spur on discussion. The most important point the session is to convey is that interpretations of risk transfer status from the appropriate guidance vary widely.
Source:
2018 Seminar on Reinsurance
Type:
Concurrent Session
Moderators:
Ahmad Shadman
Panelists:
Joseph Milicia, John Ferrara, Jennifer Middough
C-9: Florida: AOB, Pricing, Capitalization, Rating Agency, and Adjusting for Irma
Florida is a large unique US insurance market that is a major market for many re-insurers. Florida has its challenges for the insurance community including the prominent catastrophe exposure present in the marketplace, as well as difficult precedents and the legal environment in some lines of business. Florida also is unique because many less capitalized insurers operate in the property space along with the state run Citizens Insurance Company. The session will touch on the state of the Florida marketplace including such issues as assignment of benefits, current pricing trends, capitalization, and rating agency considerations. The session will also touch base on the marketplace in light of recent experience including catastrophes.
Source:
2018 Seminar on Reinsurance
Type:
Concurrent Session
Moderators:
Ahmad Shadman
Panelists:
Joseph Petrelli, David Flitman
The House Advantage: How to Win with Data
As one of the leaders of the infamous MIT Blackjack team, Jeff Ma was the inspiration for the main character in the best-selling book Bringing Down the House and the hit movie, 21. In addition, he has helped start four different companies including GolfSpan.com (sold to Demand Media), CircleLending (sold to Virgin), Citizen Sports (sold to Yahoo) and tenXer (acquired by Twitter). In that time, he has become a sought-after speaker who shows companies how to harness the power of numbers to make better bottom-line business decisions; decisions that, often, are the difference between winning and losing. Jeff Ma’s featured address will focus on data-driven solutions.
Beyond his work in the start-up world, Ma has worked as a consultant to the San Francisco 49ers, the Portland Trail Blazers and Adidas, helping them to make better decisions using data and analytics. He spent two years working as on air talent for ESPN and served as their predictive analytics expert. His book, The House Advantage: Playing the Odds to Win Big in Business, was a business bestseller and draws on his unique experiences at the table and in the sports world creating a truly accessible work about business analytics.
Ma currently serves as the Vice President of Analytics at Twitter, where he leads the central analytics and data science team helping the company to make better data-driven decisions. He is working on his second book which will explore the second chapter of big data in the real world.
Source:
2018 Spring Meeting
Type:
Featured Speaker
Moderators:
Eric Hornick
Panelists:
Jeffrey Ma
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:
2018 Spring Meeting
Type:
Concurrent Session
Moderators:
Andrew Smith
Panelists:
David Core, Beverly Phillips, Stephanie Rabin
Use of Machine Learning and Survival Models with Telematics for Real Time Prediction of Automobile Claims
One of the main buzzwords for car insurance (for the last ten years) has been telematics. Most telematic pricing models, however, are not dynamic or real time, but based on a classification problem and then back to static pricing. This presentation is about a real-time prediction of different type of claims, based on a combination of supervised machine learning and multiple decrements survival models. The results presented are from a model that incorporates AVL (automatic vehicle location) variables, claims information, and feature engineering from external data.
Source:
2018 Spring Meeting
Type:
Concurrent Session
Moderators:
Emily Allen
Panelists:
Alejandro Ortega, Omar Lopez Tronco
The New Fellow Perspective: Volunteering, Millennials and the Growing CAS
Now that you're finished with exams, do you know what CAS services are available to you? Do you wish there were additional services available? The CAS has implemented an aggressive marketing strategy to attract students and new FCAS input is invaluable. New Members make up over 1/3 of CAS membership and will guide CAS success into the future. In this roundtable style session, the CAS New Members Committee will discuss their role in the CAS as millennials and volunteers, and ask what CAS membership means to you. Please come to share your thoughts and ideas on the future of the CAS. New Fellows are encouraged to attend.
Source:
2018 Spring Meeting
Type:
Concurrent Session
Moderators:
Emily Allen
Panelists:
Shelby Wolff, Kimberly Guerriero, Rebecca Reich, Steven Walsh
The Business of Run-Off
When an insurer or reinsurer decides to exit a segment of the business, it is not automatic. Claims often continue to haunt the company for many years or even decades. The run-off markets are there to help companies find a home for this unwanted business. There has been a large amount of capital dedicated to the global run-off markets. Is risk transfer still a viable or affordable option for existing a business?
This panel will discuss the current trends and capital entering the run-off marketplace and the likelihood that these trends will continue or change in light of changes in solvency standards and US tax reforms.
Source:
2018 Spring Meeting
Type:
Concurrent Session
Moderators:
Eric Hornick
Panelists:
James Votta, Matthew Kunish, Leigh Oates
The Future of UBI: Analytics and Distribution
In this session, we will discuss the landscape for the future of auto telematics in the insurance space. We will emphasize how the industry is moving beyond simple scores and discuss how the pending changes to the distribution of insurance are upon us.
Source:
2018 Ratemaking, Product and Modeling (RPM) Seminar
Type:
Concurrent Session
Panelists:
Joseph Griffin
Professionalism Trivia
Join the Committee on Professionalism Education as they roll out the next generation of Trivia games! This session will present Actuarial professionalism topics in a new, fun way! Be sure to bring your phone or mobile device to play along!
Source:
2018 Ratemaking, Product and Modeling (RPM) Seminar
Type:
Concurrent Session
Moderators:
Julie Lederer
Panelists:
Kelly McKeethan, Rebecca Williams, Elizabeth Bart
Census Data and Geography in P&C Insurance
The U.S. Census Bureau produces a wealth of data products including demographic and economic data as well as geographic reference and boundary information. This session will provide an introduction into census data (where to get it and how to map it) and then present a variety of case studies focusing on GIS application of census products for P&C Insurance.
Source:
2018 Ratemaking, Product and Modeling (RPM) Seminar
Type:
Concurrent Session
Moderators:
Derek Freihaut
Panelists:
Garrett Bradford, David Evans
Blockchain: Finding Real Opportunities Behind the Hype
Blockchain technology is already significantly impacting the insurance industry’s business models and products. Consumer behavior has changed following new needs and expectations. The nature of risk is evolving incorporating new sources of risk and more risk interconnectedness. New ways of measuring and tracking risk in real time allow for innovative risk fragmentation. New players are exploring different ways of allocating risks and interacting with customers. The acceleration in the #insurtech space significantly increased investments in new technologies. One of those new technologies is Blockchain.
This session will navigate the blockchain hype and explore what a blockchain is and isn’t, identify how blockchains can disrupt the insurance industry, and outline the threats and opportunities that players will have to navigate. It will start with a brief Blockchain 101 and then discuss the implications of the technology in more depth by delving into the latest use cases and existing insurance products based on blockchain technology. The last third of this session will be interactive and will provide food for thought to actively discuss the latest blockchain insurance protocols with the audience.
Source:
2018 Ratemaking, Product and Modeling (RPM) Seminar
Type:
Concurrent Session
Panelists:
Magdalena Ramada Sarasola
Our Aging Infrastructure - A Bridge Over Troubled Water?
The U.S has an ever aging infrastructure. This session will explore the implications this has for the U.S. as a whole and the insurance industry specifically. The panel will discuss:
1. What can go wrong?
2. What is the likelihood that it could go wrong?
3. What are the consequences of failure?
4. What can we do to mitigate the risks?
Source:
2018 Spring Meeting
Type:
Concurrent Session
Panelists:
Brian Pallasch, Carol Stark
Digital Disruption
The news is filled with stories about Insurtech, innovation, disruption, telematics, connected home, connected worker, connected everything, data science, unstructured data, machine learning, artificial intelligence—it can all be a bit overwhelming. Actuaries have varying opinions on the nature, scope, degree and timing of the impact of all these changes on the profession. What we do know is major employers of actuaries (insurers, reinsurers, consultancies, intermediaries), as well as technology companies, and even venture capital firms are investing significant time, effort and money into disrupting the insurance value chain. If the value chain is disrupted, we actuaries will be disrupted. It’s a matter of when, how much, and what if anything can we do to survive and thrive these turbulent times.
This general session will take a first pass at an Actuarial Profession SWOT Analysis—Strengths, Weaknesses, Opportunities, and Threats. We will discuss the strengths and weaknesses of the actuarial profession in light of these changes, as well as the threats to both our current employers and to the actuary’s roles in these evolving insurers. We will also discuss opportunities for actuaries to help lead our industry forward in these challenging and exciting times.
Source:
2018 Spring Meeting
Type:
General Session
Moderators:
Emily Allen
Panelists:
Donald Mango, Sam Friedman, Eric Boyum
Insurers are like Zoos - More Compelling When There Are Cats on Offer
A top priority item for insurance carriers is top line growth. However, with a finite insurance marketplace, massive advertising spends, and fierce competition, chasing top line can feel like a zero-sum race to the bottom. Further complicating the strategic agenda for many underwriters is an increasing intolerance for natural catastrophe risk exposure, especially given that 2017 included three hurricanes, a Mexico earthquake, and two wildfires. But what if the way to achieve growth could be accomplished by getting smarter about catastrophe exposure management? Is being BULLISH about CATS mixing too many metaphors or is the activity we saw in 2017 the new normal?
Source:
2018 Spring Meeting
Type:
General Session
Moderators:
Eric Hornick
Panelists:
Peter Sousounis, Paul Eaton
Where is the Insurance Cycle?
After significant property catastrophe losses in 2017 and with some lines beginning to experience adverse development, many industry observers predicted that we are entering a hard market. Yet actual evidence can be hard to find. Are we in a new phase of the cycle?
The speakers will describe different predictors of hard markets, look at how they have performed historically, and describe what they are signalling today.
Then they will discuss new macro drivers in today's insurance environment, including data and analytics, improved risk disclosures, the surge in alternative capital, and fallout from the Global Financial Crisis, and consider the potential impact of each on the cycle going-forward.
Source:
2018 Spring Meeting
Type:
General Session
Moderators:
Eric Hornick
Panelists:
Stephen Mildenhall, James Lynch
Think You Know All About Diversity and Inclusion? Three Perspectives That May Surprise You
Most professionals truly believe they are dedicated to diversity and inclusion, but few take meaningful steps to make that a reality. In this session, panelists who are on the front lines of implementing diversity and inclusion in the workplace will discuss why they are essential for success and share concrete strategies for diversity and inclusion. The panel will also discuss the findings from the recent CAS-sponsored research on diversity in the actuarial profession, which revealed the key barriers for individuals pursuing the actuarial career. Members may determine that this session qualifies for professionalism CPE credit.
Source:
2018 Spring Meeting
Type:
General Session
Moderators:
Andrew Smith
Panelists:
Mallika Bender, Erika Schurr, Lori Bailey, Dawn Frazier-Bohnert
Ensembles and Combining Models
Ensembles are powerful analytical methods used commonly in the wider Predictive Analytics community outside of Insurance. We’ll describe the rationale and explain the effectiveness of ensembles in general, as well as the basic approaches of bagging and boosting for ensembles of trees. Advantages of ensembles on insurance data will be shown and the issues surrounding complex models discussed. Finally, strategies for combining linear regression and ensemble models will be explored through a case study.
Source:
2018 Spring Meeting
Type:
Concurrent Session
Moderators:
Emily Allen
Panelists:
Christopher Cooksey, Alejandro Ortega
Diversity & Inclusion - Incorporating Sexual Abuse Survivors' Needs
In this unprecedented era, the taboo subject of sexual abuse has come forefront in the media. Survivors of workplace sexual abuse and child sexual abuse are bravely coming forward to share their personal stories to effect change. Most companies already have workplace harassment policies and training in place. At the same time, many companies are also focused on Diversity & Inclusion (D&I). However, few companies specifically address sexual abuse in their D&I programs despite the statistics indicating many adult survivors of child sexual abuse are hidden among our co-workers.
Source:
2018 Spring Meeting
Type:
Concurrent Session
Moderators:
Alejandra Nolibos
Panelists:
Nancy Allen
Is this the End of the Cyber Risk Data Drought?
The lack of reliable cyber risk data has been a most vexing challenge. Data gleaned from applications is incomplete and unreliable, much of the data available for purchase lacks important loss data. External security scores are limited and often contradict other underwriting analyses. The rapidly changing threat landscape and other technical factors, yields 20-50% of cyber risk data obsolete annually. Moreover, much of the available data correlates poorly with covered causes of loss and almost none of the data addresses the systemic nature of cyber risk. In spite of all these challenges, there is actually more data available for today than ever before.
The session will review the potential value and limitations of several cyber risk data sources and of new sources of cyber risk data, followed by an interactive dialogue with participants exploring how they can be applied to the analysis of cyber risk and cyber risk aggregation.
Source:
2018 Spring Meeting
Type:
Concurrent Session
Moderators:
Eric Hornick
Panelists:
Michael Solomon, Ben Goodman, Keith Palmer
Understanding the Changing Used Vehicle Market
The used car market has changed. Vehicles are lasting longer than ever and new car prices are higher than ever before. For these reasons used car purchases now play a larger role in purchasing a vehicle. Many first time and other cost conscience buyers can only afford to purchase used vehicles.
Due to the increase in demand for used cars, there is a greater likelihood that previously damaged used vehicles will be rebuilt. Poorly rebuilt vehicles have higher frequencies and loss costs. For these reasons conducting a background check on vehicle has become as important as a background check on an individual.
Source:
2018 Spring Meeting
Type:
Concurrent Session
Moderators:
Eric Hornick
Panelists:
Christopher Whipple, Robert Solomonic
