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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.
Introduction to R, Part One
INTRODUCTION TO R
Get ready to immerse yourself in a double-concurrrent session on the single most important technological advance for actuaries since the invention of the pocket calculator.
In this double concurrent session:
• You'll know how to install R, R Studio and any of the many thousands of R packages.
• No longer will you be intimidated by the phrase "familiarity with R is assumed" that you see in descriptions for fancy-schmancy predictive modeling workshops.
• You'll be able to fetch your data, visualize your data, model your data, save your data.
Requirements for this workshop:
• A functioning laptop (PC or Mac)
• Installation of R and R Studio in advance of the workshop (instructions and support for this will be provided)
• Patience, enthusiasm and a sense of humor
NEED TO ATTEND PART TWO.
Source:
2017 Spring Meeting
Type:
Concurrent Session
Panelists:
Rajesh Sahasrabuddhe, Alexandra Taggart
Global Emerging/Evolving Risk
Emerging risks present both opportunities and challenges to the insurance industry. Businesses naturally want to insure against the uncertainties that rapidly evolving emerging risks represent, creating opportunity for insurers. When insurers are able to understand the loss potential as well as growth opportunity of emerging risks, they will better position themselves to meet the needs of today's policyholders and the changing marketplace for years to come.
In this session, we will discuss the varying nature of emerging risks and provide a framework for understanding and evaluating these new risks in an insurance context, along with specific examples.
Attendees will gain an understanding of why emerging risks are important in the insurance industry, and how they differ from standard risks. They will also learn methodologies for evaluating these risks in an insurance context.
Source:
2017 Seminar on Reinsurance
Type:
Concurrent Session
Panelists:
Gerard Finley, Barbara Russo, Gerald Deneen
Insurance and the Rise of Drones
This session approaches the emerging topic of drone use from technical, operational, and insurance perspectives, and participants will learn about the following topics:
1. Past, present, potential future uses of drones
2. Drones accidents
3. Drone law and regulation in the United States
4. Potential legal issues arising from the operation of drones
5. Drones and insurance underwriting and coverage issues
The audience will come away with a well-rounded understanding of drones and insurance that will allow them to take their next steps in using and insuring drones.
Source:
2017 Spring Meeting
Type:
Concurrent Session
Panelists:
David Snow, Anthony Mormino, Richard Wlezien
Data Visualization
Actuaries are tasked with not only analyzing data but also communicating its
intricacies and implications. Are you using the right techniques to visualize data?
When will a pie chart suffice, and when do we need something more complex?
Alison Khan will present the building blocks of good data visualizations.
Then Jonathan Poole will focus on examples of how data interaction can lead to faster and greater insights.
Source:
2017 Spring Meeting
Type:
Concurrent Session
Panelists:
David Snow, Alison Khan, Jason Yeung
The U.S. Election and the Affordable Care Act
After implementing the Affordable Care Act (ACA) in 2010, the U.S. health care system came one step closer to Canada's, a system made up of a group of public health insurance plans covering all legal residents. The ACA has seen its share of growing pains, in the wake of the new political regime in the U.S., vulnerable to potential changes and possible repeal.
Speakers will compare and contrast the Canadian and U.S. health care plans, specifically with up-to-date knowledge of the new U.S. administration’s plans for ACA and the impacts on insurance availability and affordability — both direct and indirect on the property-casualty sector. This may include a discussion around the pros and cons of private versus public health insurance.
Source:
2017 Spring Meeting
Type:
General Session
Panelists:
Gregory Chrin, John Ruser, Keith Palmer, Laura Robison
The Risk Impact of the Internet of Things
As more homes, business, and wearables are being connected, these Internet of Things (IoT) devices can help carriers better understand the risks they are insuring. They can also provide services back to insureds beyond merely indemnifying them for losses incurred. These technologies may also present new risks to insurers as well. While much discussion has occurred at CAS meetings on the growing field of vehicle telematics, this session will focus on the risk impact associated with IoT specifically focused on non-vehicle related technologies including smart homes and wearable technologies.
Source:
2017 Spring Meeting
Type:
Concurrent Session
Panelists:
Linda Brobeck, Peter Rousmaniere, George Hosfield
iCAS Community of Practice Event
The CAS Institute (iCAS) is offering its first Predictive Analytics Community of Practice event, to be held Monday, March 27th in conjunction with the Casualty Actuarial Society’s Ratemaking and Product Management (RPM) Seminar in San Diego. The full-day event, scheduled for 9:00 a.m. to 5:00 p.m., is designed for advanced practitioners working in the area of Predictive Analytics/Data Science, and will include panels, presentations, and roundtable discussions of advanced topics in predictive analytics both within and outside of the insurance fields. Attendance at this event is separate from the RPM Seminar and will require a separate registration fee of $150. (In addition, attendees not attending RPM may attend the RPM opening reception for an additional $35.) Registration at the RPM Seminar is not a prerequisite of attendance.
The content of the inaugural Predictive Analytics Community of Practice day will include:
An overview of the new Certified Specialist in Predictive Analytics (CSPA) credential, including its exam process and continuing education requirements.
Presentations/workshops on specific topics (within and outside of the insurance field)
Roundtables
Networking opportunities
Master Classes
Topics currently being considered for the program include:
Experimental Design
Various Modeling Techniques
Measuring/Communicating Model Performance
Deploying Models and Designing for Implementation
Ethics of Predictive Modeling
Source:
2017 Ratemaking and Product Management Seminar
Type:
Workshop
Panelists:
Amy Brener
Bermuda Economic Balance Sheet
Bermuda's new Economic Balance Sheet (EBS) for major (re)insurers and groups has moved from theory to reality with the year-end 2016 financials. In this session, representatives from key Bermuda stakeholders such as the Bermuda Monetary Authority and local reinsurers will discuss the first-year implementation of EBS: What went smoothly, what was difficult, and what further developments might be in store for future years.
Source:
2017 Seminar on Reinsurance
Type:
Concurrent Session
Panelists:
Ashley Wohler, Donald Treanor
A Challenge for Alternative Capital: The Problem of Locked Collateral
Investment funds are able to participate in reinsurance markets through full collateralization of the reinsurance limit. In both insurance-linked securities and private collateralized reinsurance deals, collateralization provides the security that allows an unrated entity to take on risk.
The presence of this collateral can lead to complications in pricing and operational processes that are unique to the alternative capital market. How do traditional pricing analyses need to be adjusted for the investment fund perspective and what challenges does “locked collateral” pose to their long-run returns and ability to offer liquidity to their investors? The panelists will cover the characteristics of locked collateral from an actuary’s perspective, and they will consider what collateral locking may mean for funds after the next major industry catastrophe event.
Source:
2017 Seminar on Reinsurance
Type:
Concurrent Session
Panelists:
Aaron Koch, Matthew Ball, Joe Milicia, David Third
What's Next for Insurance-Linked Securities?
The insurance-linked securities market has grown dramatically in the last decade, however, new issuances of catastrophe bonds have leveled off over the last 24 months. Over that time, some cedents have moved away from the publicly traded, Rule 144A structure to other ways of accessing alternative capital, such as “cat bond lites” and collateralized reinsurance.
Where does the insurance-linked security market go from here? What types of innovations may be on the horizon? Does the increase in the use of private transactions signify a long-term shift in the market’s value proposition, or simply a temporary phase in the market’s development? The panelists will cover these topics and discuss what future developments in insurance-linked securities will be key to the future growth of the space.
Source:
2017 Seminar on Reinsurance
Type:
Concurrent Session
Panelists:
Kathy Garrigan, Aaron Koch, William Dubinsky, Nathaniel Nussbaum
Public Sector Involvement in Insurance Markets: The Government as Risk-Taker
Federal and state governments are directly involved in a number of property-casualty insurance markets as risk-takers. Whether as a backstop, insurer of last resort, or the primary provider of coverage, the government generally fills gaps created when the private market cannot meet the full demand for insurance protection.
As a result, the government insures risk in a number of markets (including flood, terrorism, and other catastrophe risks) that are potential areas for private sector expansion, particularly in a soft market with excess capital. What challenges exist in trying to privatize government-held risk? More generally, what is the optimal role for the government in insurance markets? These questions and others will be addressed in the context of the current market environment and recent events, including the NFIP’s decision to purchase private reinsurance coverage for the first time.
Source:
2017 Seminar on Reinsurance
Type:
General Session
Panelists:
Aaron Koch, Roy Wright, David Priebe, Benjamin Collier
Recent Notable Adverse Development Covers and Transfer Pricing Considerations
There have been many notable adverse development coverages placed recently by sizable insurance carriers and reinsurers. The session will describe these coverages and the impact they have on the marketplace. Many insurance carriers buy reinsurance internally. This session will also describe proper pricing and transfer pricing documentation that should be implemented for such a transaction.
Source:
2017 Seminar on Reinsurance
Type:
Concurrent Session
Panelists:
John Ferrara, Kenneth Kruger, Anna Lam
How to Effectively Use New and External Data
In this session, the first speaker will highlight the need to look at external data sources and how to connect to them. He will mention companies using external data sources to solve various business problems. He will also discuss the use of artificial intelligence or machine learning to digest unstructured data into structured data sets.
The second speaker will talk about the different data needs, how we can use this data, the benefits it can provide us, the elements to consider before acquiring new data and the best practices when analyzing it. He will also discuss how to properly use the data to learn and influence the customer's behavior (e.g. through usage based insurance).
Source:
2017 Spring Meeting
Type:
Concurrent Session
Panelists:
Benoit Carrier, Gregory Gilbert, Maxime Lafleur-Forcier
Declaring and Estimating Industry Catastrophes
During this session, the presenters will first address the process of declaring an industry catastrophe and estimating industry ultimate losses for these declared catastrophes. The speakers will then share an approach to setting reserves for a catastrophe event.
Source:
2017 Spring Meeting
Type:
Concurrent Session
Panelists:
Tom Johansmeyer, Shantelle Thomas
What Reinsurers Need to Know about Predictive Modeling
Predictive analytics has become increasingly prevalent in property and casualty insurance, with companies using it to improve business performance through pricing, risk selection, claims handling, customer interactions and more. But what do reinsurers need to know about predictive analytics? This session will look into some practical applications to reinsurance. We will explore areas where reinsurance companies can utilize predictive analytics to improve business performance.
Source:
2017 Seminar on Reinsurance
Type:
Concurrent Session
Panelists:
Thomas Hettinger, Bret Shroyer, Josh Fishman
Tax Changes and the Impact on the Insurance Market
Lower taxes! It’s what’s on the minds of everyone in the investing and business communities. The president and congressional leadership have identified tax reform as a priority. Lower is better is a great conclusion, but it is not that simple. This session will explore the implications of tax reform on the property-casualty insurance business with respect to investing, reinsurance, liquidity, reserving, and competition.
Source:
2017 Seminar on Reinsurance
Type:
Concurrent Session
Panelists:
Josh Fishman, Kenneth Kruger, Alan Zimmermann
All the World's a Professionalism Stage
Come enjoy the acting of some fine fellow actuaries who will take on several skits involving professional dilemmas. These new skits for 2017 will lead to some lively and educational audience discussions. You will walk away from this session with a better understanding of the ASOPs, codes of conduct and how to apply them when you face your own professional ethical dilemmas.
This session may provide attendees with Professionalism Continuing Education credits.
Source:
2017 Seminar on Reinsurance
Type:
Concurrent Session
Panelists:
Michael Toothman, Stephanie Rabin, Mark Westmoreland, John Ferrara, Daniel Jaeger
All the World's a Professionalism Stage (2)
Come enjoy the acting of some fine fellow actuaries who will take on several skits involving professional dilemmas. These new skits for 2017 will lead to some lively and educational audience discussions. You will walk away from this session with a better understanding of the ASOPs, codes of conduct and how to apply them when you face your own professional ethical dilemmas.
This session may provide attendees with Professionalism Continuing Education credits.
Source:
2017 Seminar on Reinsurance
Type:
Concurrent Session
Panelists:
Michael Toothman, Stephanie Rabin, Mark Westmoreland, John Ferrara, Daniel Jaeger
Arbitration 101: What Reinsurance Actuaries Should Know About Arbitration
A panel of actuaries and lawyers will give an overview of the arbitration process, how ARIAS-US seeks to maintain high standards for reinsurance and insurance arbitrations, and ways that actuaries get involved in the process. The panel will also discuss opportunities for actuaries in the reinsurance arbitration world. The session will include a comparative discussion of Codes of Conduct and Standards of Practice providing you the expected opportunity for half an hour of professionalism credit.
Source:
2017 Seminar on Reinsurance
Type:
Concurrent Session
Panelists:
Paul Braithwaite, Elizabeth Sander, Steven Schwartz, Alysa Wakin
Cyber Captive Formation
Many companies have cyber exposures they cannot insure. In addition to sublimits and inadequate limits, coverages that are not provided such as reputation risk become issues for many companies. The session will explore the opportunity to insure these risks through a captive and to potentially reinsure some of this exposure to the reinsurance market.
Source:
2017 Seminar on Reinsurance
Type:
Concurrent Session
Panelists:
John Ferrara, Anup Seth
Economic Capital Modeling- Is it Impacting Business Decisions?
Economic Capital Modeling – Is it Impacting Business Decisions?
Actuaries have been wrestling with the concept of economic capital modeling, capital adequacy and capital allocation for over one hundred years. A significant evolution has been in play over that time in clarifying the purpose, methods, and usage of the various techniques. Arguably, however, no clear winning technique has emerged. .… and that may be the point. There may not need to be one clear winning technique. Are economic capital models being built primarily to comply with regulation (i.e. ORSA, Solvency 2, etc.)? Are the resultant models actually be used in business decisions?
The panelists will discuss the above inquiries and highlight best-practices that have emerged and lessons from various successful practical implementations and challenges that consider executive level and regulatory acceptance.
Source:
2017 Spring Meeting
Type:
General Session
Panelists:
Michael Angelina, Kevin Madigan, David Ingram, Kendra Felisky
Runoff as a Business
This session will discuss the growth in the insurance liability runoff space as more companies are moving into this niche business. The panelists will discuss why companies are moving into this area as well as recent changes in Rhode Island that will make it easier for companies looking to create runoff solutions for books of business that are lingering on their balance sheets.
Source:
2017 Seminar on Reinsurance
Type:
Concurrent Session
Panelists:
Thomas McIntyre, Luann Petrellis, John Ferrara
Property Catastrophe Market Update
This session will provide the attendee with an update of the property catastrophe market from both traditional and alternative risk transfer (ART) perspectives. We will review where we are in the current soft market cycle and how some of the model changes currently being implemented may impact future pricing. Additionally, we’ll discuss a variety of ART methods currently deployed in the marketplace.
Source:
2017 Seminar on Reinsurance
Type:
Concurrent Session
Panelists:
Krista Lienau, Mark Westmoreland, James Doona
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:
2017 Seminar on Reinsurance
Type:
Concurrent Session
Panelists:
Bruce Fell, Joe Milicia
U.S. Earthquake Model Update: Driver and Impact
Equity Model (EQ) experts, from vendor to user, will discuss what is driving the model updates and what are the expected impacts to the market and portfolios. You will also get a high-level knowledge of model validation and research for EQ risk as well.
Source:
2017 Seminar on Reinsurance
Type:
Concurrent Session
Panelists:
Xingzhi Wu, Keivan Rokneddin, Arash Nasseri
