RP5: Professionalism 101+
Source:
2022 Ratemaking, Product and Modeling Virtual Seminar
Type:
Concurrent Session
Moderators:
Rebecca Williams
Panelists:
Rebecca Williams, Michael Chen
RP4: Rate Model - How to Improve Speed to Market
Source:
2022 Ratemaking, Product and Modeling Virtual Seminar
Type:
Concurrent Session
Moderators:
Kris DeFrain
Panelists:
Kris DeFrain, Dorothy Andrews, Samuel Kloese, Roberto Perez
RP3: Risk-Based Capital Formula Overview and Upcoming Changes
RBC is a tool regulators developed to help identify insurers whose capital is inadequate for the risks they assume. This section provides a brief overview of Property and Casualty Risk-Based Capital.
Source:
2022 Ratemaking, Product and Modeling Virtual Seminar
Type:
Concurrent Session
Moderators:
Eva Yeung
Panelists:
Thomas Botsko, Eva Yeung
RP2: Regulatory and Legislative Updates
Source:
2022 Ratemaking, Product and Modeling Virtual Seminar
Type:
Concurrent Session
Moderators:
Klayton Southwood
Panelists:
Kenton Brine, J. Steve Roddenberry, Andrew Kirkner
RP1: Unfair Discrimination - How will new legislation in Colorado influence the industry approach to potential bias in insurance?
The General Assembly of the State of Colorado enacted legislation to "ensure that all Colorado residents have fair and equitable access to insurance products" by prohibiting unfair discrimination on the basis of several protected class characteristics. In doing so, they laid out a new definition of "unfair discrimination" which regulators in the state and insurance industry participants are now working to bring to life. This session will delve into some of the juicy questions that actuaries and insurance industry professionals must answer to comply with this new legislation. We will also explore the implications of this legislation on the broader insurance industry and regulatory debate on race and insurance pricing.
Source:
2022 Ratemaking, Product and Modeling Virtual Seminar
Type:
Concurrent Session
Moderators:
Eric Krafcheck
Panelists:
Eric Krafcheck, Dorothy Andrews, Peter Kochenburger
RM9: Alternatives to the Tweedie Distribution in GLM
Source:
2022 Ratemaking, Product and Modeling Virtual Seminar
Type:
Concurrent Session
Moderators:
Kathy Knudson
Panelists:
David Clark, Josh Brady
RM7: GBMs: The Real Impact of a Rate Change
Source:
2022 Ratemaking, Product and Modeling Virtual Seminar
Type:
Concurrent Session
Moderators:
Kathy Knudson
Panelists:
Michael McPhail, Serhat Guven
Keywords:
Predictive Modeling,Ratemaking,Statistical Models and Methods
RM6: Territory Relativities Using Bayesian MCMC
Source:
2022 Ratemaking, Product and Modeling Virtual Seminar
Type:
Concurrent Session
Moderators:
Kathy Knudson
Panelists:
Michael Larsen
RM5: Pricing the "New" Economy
Discuss considerations pricing a new risk, leveraging our experience in the shared economy, including: challenges under a changing environment (eg COVID), tradeoffs of data credibility vs risk heterogeneity, macro vs sector-specific trends, renewal partnership & timeline planning, and more!
Source:
2022 Ratemaking, Product and Modeling Virtual Seminar
Type:
Concurrent Session
Moderators:
Lin Xing
Panelists:
Binbin Xing, Paul Larick
RM2: Using Mathematical Models to Model Infectious Disease Transmission and Dynamics in the Insurance Industry
The emergence and re-emergence of infectious diseases keeps reminding us of the importance of access to accurate tools to measure the potential risks we may take during large outbreaks and pandemics. Mathematical modeling of infectious disease transmission provides us with a tool to help understand the impact of pandemics in terms of the number of potential cases and deaths along with the variation of medical outcomes and their financial impact. In this session, we will discuss current pandemic-modeling techniques, including the role of the COVID-19 pandemic on our approach to modeling, along with some use cases in the insurance industry. We will also emphasize the importance of effective communication between modelers and decision-makers to optimize the value of pandemic modeling and risk estimation.
Source:
2022 Ratemaking, Product and Modeling Virtual Seminar
Type:
Concurrent Session
Moderators:
Narges Dorratoltaj
Panelists:
Narges Dorratoltaj, Jim TeHennepe
Keywords:
Ratemaking
RM13: Property Pricing When Including Cat Perils
Source:
2022 Ratemaking, Product and Modeling Virtual Seminar
Type:
Concurrent Session
Moderators:
Howard Kunst
Panelists:
Howard Kunst, David Keeton
RM12: The Price is Right: An Introduction to Pricing Novel Products and Competitive Analysis
Source:
2022 Ratemaking, Product and Modeling Virtual Seminar
Type:
Concurrent Session
Moderators:
Drew Groth
Panelists:
Eric Krafcheck, Katherine Pipkorn
RM11: Intelligent Monitoring: Best Practices for Measuring and Reacting to the Market
No matter the line of business, the need to measure the effectiveness of your pricing strategy is the market is ever present. The ability to quickly observe and react to market changes is becoming more important as the insurance landscape continues to quickly evolve. In this session, we will take a futuristic glimpse into how proactive business monitoring can be leveraged to quickly adjust underwriting criteria and inform pricing adjustments. Additionally, we will lay out a roadmap with practical steps insurers can take to ensure they are properly positioned to take full advantage of intelligent monitoring.
Source:
2022 Ratemaking, Product and Modeling Virtual Seminar
Type:
Concurrent Session
Moderators:
Lijuan Zhang
Panelists:
Drew Lawyer, Aaron Wright
RM10: COVID-19 Impact on Workers Compensation
Source:
2022 Ratemaking, Product and Modeling Virtual Seminar
Type:
Concurrent Session
Moderators:
Rebecca Williams
Panelists:
Krystal Ross, Carolyn Wise, Laura Carstensen, Nadege Bernard-Ahrendts
RM1: Through the Looking Glass(es): An Actuarial and Economic Look at the Workers Compensation System
This session will cover a spectrum of workers compensation topics, including financial results, recent trends, and the impacts of COVID-19 pandemic, from both actuarial and economic perspectives. It will include a high-level recap of where the line has been and where it may be headed.
Source:
2022 Ratemaking, Product and Modeling Virtual Seminar
Type:
Concurrent Session
Moderators:
Carolyn Wise
Panelists:
Carolyn Wise, Patrick Coate
Keywords:
Ratemaking
PIE9: Speed to Market and Product Cycle
Source:
2022 Ratemaking, Product and Modeling Virtual Seminar
Type:
Concurrent Session
Moderators:
Jim Weiss
Panelists:
Claudine Modlin, Olivier Brown, Sabrina Tan, Raphael Brissette
Keywords:
Ratemaking,Personal Lines
PIE8: Semi-structured Data
Source:
2022 Ratemaking, Product and Modeling Virtual Seminar
Type:
Concurrent Session
Moderators:
Jim Weiss
Panelists:
Jim Weiss, Khanh Luu
PIE7: ESG and What It Means for Actuaries
Source:
2022 Ratemaking, Product and Modeling Virtual Seminar
Type:
Concurrent Session
Moderators:
Shing Wu
Panelists:
Andy Tran, Victor Bhagat
Keywords:
Reinsurance,Enterprise Risk Management
PIE6: How Actuaries Should Be Thinking About InsurTech
There is significant potential for actuaries to serve as the bridge between the InsurTech industry and traditional insurers and/or serve as industry experts within InsurTech firms. With the ongoing emergence of InsurTech, many traditional insurance companies are looking to further invest in developing their own internal technology infrastructure and/or startup ventures. The session begins by providing a framework and information on the fundamentals of InsurTech, including background on the insurance value chain and the different technologies in use in the InsurTech space. It examines key drivers of this growth include technology trends such as wearable devices, digital customer experiences, technology supporting analytics and automation. Finally the sessions summarizes conversations with practitioners in the InsurTech space, many of whom saw the broad insurance industry knowledge of actuaries as something that could bring significant value to the InsurTech space.
Source:
2022 Ratemaking, Product and Modeling Virtual Seminar
Type:
Concurrent Session
Moderators:
Joyce Hwu
Panelists:
Kiki Wang, Carrie Kelley
PIE5: Incorporating Measures of Gender-Based Violence into ESG Frameworks
Source:
2022 Ratemaking, Product and Modeling Virtual Seminar
Type:
Concurrent Session
Moderators:
Mallika Bender
Panelists:
Joshua Dobiac, Lisa Gans
PIE4: Parametric Insurance: From the Need to Solution
Why/Who needs parametric insurance? What is critical to develop the product? This session will dive into how to find the need of parametric insurance product, and demonstrate product development process. Basis risk management will be discussed specifically in product design and pricing.
Source:
2022 Ratemaking, Product and Modeling Virtual Seminar
Type:
Concurrent Session
Moderators:
Kim Ward
Panelists:
Jonathan Charak, Daniel Seyyedi
Keywords:
Commercial Lines,Ratemaking,Extreme Event Modeling
PIE3: Ugly Side of Innovation
Source:
2022 Ratemaking, Product and Modeling Virtual Seminar
Type:
Concurrent Session
Moderators:
Matt Carrier
Panelists:
Christopher Cooksey, Kimberly Holmes
PIE2: Are MGAs the Future of Underwriting?
This session will provide two actuarial perspectives on what MGAs are, how they work, and what the MGA space looks like in the United States. It will explore some situations where a carrier may consider delegating authority and the types of risk typically involved. Case studies of product innovation in alternative markets, oriented towards addressing the needs of the underserved, will be covered. Operational considerations related to MGAs, including compliance and technology, will also be discussed. The session will be useful to anyone interested in tapping into alternative markets, or simply learning how approaches used in alternative markets can apply in traditional ones.
Source:
2022 Ratemaking, Product and Modeling Virtual Seminar
Type:
Concurrent Session
Moderators:
Jim Weiss
Panelists:
Denise Olson, Lon Chang
PIE1: Operationalizing IoT initiatives
As connected devices play an increasing role in everyday consumer behavior, insurers must rethink how they interact with and deliver products to policyholders. Join us for a practical exploration of the customer behaviors, products, channels and stakeholders shaping the new mobility ecosystem and its implications for the insurance industry.
Source:
2022 Ratemaking, Product and Modeling Virtual Seminar
Type:
Concurrent Session
Moderators:
Kiki Wang
Panelists:
Greg Jacobs, Ryan Voge
M8: Dynamic Pricing: Evolving in a Changing Market with Advanced Analytics and Machine Learning
Source:
2022 Ratemaking, Product and Modeling Virtual Seminar
Type:
Concurrent Session
Moderators:
Howard Kunst
Panelists:
Madeline Main, Scott Gibson