Casualty Actuarial SocietyCasualty Actuarial Society
 

CAMAR Spring 2009 Meeting

Registration is full.
To be added to the waitlist, please contact the CAS Office.

Meeting Evaluation

Spring 2009 Meeting List of Attendees (.pdf)

Location

Nassau Inn
Ten Palmer Square
Princeton, NJ 08542
(609) 921-7500

Agenda and Presentations

Time Description
9:30 AM Registration
10:00 AM Business Meeting
Officer and Committee Reports
Treasurer’s Report
Academic Relations Committee Report
Education Committee Report
10:15 – 11:45 AM Program Session:
The Fundamentals of Reserve Variability: From Methods to Models
Download Presentation
Up to 1.8 CE We will discuss the differences between using a variety of deterministic methods to calculate a range versus using stochastic models to calculate a distribution. Current standards of practice refer to "best estimates" but the industry is actively pursuing the use of distributions and some countries, such as Australia, already require reserves to be set using a percentile of the distribution. We will briefly discuss some considerations related to our evolving standards of practice, but the primary focus will be the criterion the practicing actuary can use to help evaluate stochastic models in their search for the model that best fits the data.

Panel:
Presenter: Mark R. Shapland, FCAS, ASA, MAAA Consulting Actuary Milliman, Inc.
11:45 AM – 12:45 PM Lunch
12:45 – 1:45 PM Program Session:
Impact of the Economy on Workers Compensation Insurance
Download Presentation
Up to 1.2 CE We will examine the impact of the economic cycle on workers' compensation insurance. We will review historical data and trends for various industries and discuss the implications for workers' compensation insurance. We will focus separately on exposures, claim frequency, indemnity and medical severity, and investment income."

Panel:
Presenter: Martin Wolf, Ph.D. Economist National Council on Compensation Insurance, Inc.
1:45 – 2:45 PM Program Session:
Data and Information Quality in a Rapidly Changing World
Download Presentation
Up to 1.2 CE The focus of insurance information - the type of data, how collected, how used - has been changing dramatically over the past few years, but has data quality and data quality methods and tools kept pace? This session will explore the changing focus of insurance information, the expanding reach of data quality (to predictive modeling, the reuse of data, data standards, data transparency, and a tool to monitor solvency, etc.) and the impact of these changes on companies and the industry.

Panel:
Presenter: Peter A. Marotta, AIDM, FIDM Enterprise Data Administrator & Principal Insurance Services Office
2:45 - 3:05 PM Break
3:05 – 4:20 PM Program Session:
The Role Actuaries Plan in Mergers & Acquisitions
Download Presentation 1
Download Presentation 2
Download Presentation 3
Up to 1.5 CE Actuaries play pivotal roles in mergers and acquisitions. While the traditional actuarial scope of most due diligence activities will include estimating unpaid loss liabilities of the target, the actuary’s role is often much broader. The panel will discuss the various roles that actuaries play in merger and acquisition transactions.

Panel:
Moderator: Gail M. Ross, FCAS, MAAA Principal & Consulting Actuary Milliman, Inc.
Panelist: Thomas G. Myers, FCAS, MAAA Vice President, Product Management, High Point Safety & Insurance Management Corp.
Panelist: Ritendra Roy Vice President J. P. Morgan – Investment Banking Financial Institutions Group
4:20 – 5:20 PM Program Session:
Principles Underlying Actuarial Science
Download Presentation
Up to 1.2 CE One of the authors of this paper will discuss the purpose of this educational paper and the background leading to its publication. The scope of the paper will be related to standards applied when performing actuarial work and its role as in articulating significant principles underlying the scientific framework of all areas of actuarial practice will be discussed. Application of the principles will be discussed through examples of work and services undertaken by actuaries in practice. Questions and answers will be encouraged.

Panel:
Presenter: Christopher Diamantoukos, FCAS Senior Consulting Actuary Ernst & Young, LLP
5:20 PM Reception: Closing Remarks

Lunch will be provided. However, the traditional post-meeting reception will not be provided at this event.

CAMAR meetings present a great opportunity to economically obtain the continuing education needed to maintain your professional credentials. (The new Qualification Standards require at least 6 hours of continuing education from organized activities involving outside actuaries and at least 3 hours on professionalism topics each year.) Up to 6.9 hours can be earned at this meeting. Additionally, CAMAR meetings also provide an opportunity to network with other actuaries.

Back to CAMAR