Casualty Actuarial Society

Practice Areas

Practice Areas

A great place to find news, resourses, papers and committee information on the topic that interests you all in one place.

Enterprise Risk Management - ERM is the process by which organizations in all industries assess, control, exploit, finance, and monitor risks from all sources for the purpose of increasing the organization's short and long term value to its stakeholders.

Predictive Modeling - Predictive modeling involves the use of data to forecast future events. It relies on capturing relationships between explanatory variables and the predicted variables from past occurrences, and exploiting them to predict future outcomes.

Ratemaking - Ratemaking is the process of establishing rates used in insurance or other risk transfer mechanisms. This process involves a number of considerations including marketing goals, competition and legal restrictions to the extent they affect the estimation of future costs associated with the transfer of risk.

Reserving - Reserving is the process of evaluating, reviewing, and estimating property and casualty related unpaid claims within insurance, reinsurance, self-insurance and other risk transfer or funding mechanisms.

Predictive Modeling OC