Casualty Actuarial Society

In Focus: Elephants in the Room - High Severity Risks You Cannot Overlook

In Focus: Elephants in the Room

Chicago, IL
Sep 30-Oct 1, 2013

Chicago waterfront from Lake Michigan

This CAS In Focus will address risks that insurance companies face, focusing on extreme or emerging events, These risks include risks both internal to an insurer (e.g., underwriting/pricing, reserving, asset management) and external to the company (e.g., financial environment, weather, underwriting cycle). Topics will cover:

  • Pricing: pricing for low frequency/high severity coverage or high limits, consideration of variance or risk margin
  • Reserving: reserving for extreme events, for fat tails
  • Reinsurance: evaluating optimal purchase of reinsurance (e.g., clash, multiple events, worldwide issues, capacity), evaluating risk of reinsurer impairment
  • Regulatory/judicial: evaluating and anticipating changes in regulatory environments (e.g., NAIC, SSAP, AMB, or the US Congress)
  • Financial: coping with a volatile financial market, low interest/inflation, debt ceiling
  • The unknown...

The seminar will include technical sessions regarding Extreme Value Theory, which analyzes the probability of events occurring at a magnitude more extreme than any available observations, and various tail-fitting techniques.

Hotel Information

Hyatt Chicago Magnificent Mile
633 North Saint Clair Street,
Chicago, Illinois, USA 60611
Tel: +1 312 787 1234
Fax: +1 312 274 0164
Room Rate is $199
CAS room block rate please note Casualty Actuarial Society

Reservations can be made through

Maps & Directions

At the Hyatt Chicago Magnificent Mile Hotel you're in the heart of Chicago, steps from Michigan Avenue, the Gold Coast neighborhood, and Lake Michigan. This classic urban hotel is symbol of hospitality on The Magnificent Mile. From the moment you step inside you feel the traditional ambiance of the welcoming lobby designed with granite and terrazzo.

Known as the Second City, Chicago offers exciting activities and attractions. Explore the Children's Museum, see a game at fabled Wrigley Field, play at Navy Pier, or take a boat ride on Lake Michigan. Walk to luxurious shopping and dining in downtown Chicago, just steps from our hotel. Excellent restaurants pepper the city and a Vegas-style casino is just a short drive away. Naturally, being in downtown Chicago, our hotel is close to major airports - O'Hare and Midway. The L stations are a stroll away.

The room rate is $199 for single or double occupancy, plus applicable taxes. To receive the CAS room block rate please note Casualty Actuarial Society when making your reservations. Reservations must be made prior to September 2, 2013.

While reservations must be made prior to September 2, 2013, in order to receive the $199 (US) rate, there is no guarantee that rooms will be available should you wait until this date. CAS strongly suggests that you make your room reservations early to receive a room before the room block fills. Reservations must be made prior to September 2, 2013.

Important Information Regarding Official In Focus Seminar Hotel

The Casualty Actuarial Society is able to conduct high-quality meetings at desirable sites for a reasonable registration fee because a block of hotel rooms is reserved for meeting attendees. In exchange for filling the required number of sleeping rooms, the CAS is permitted to use the hotel's meeting space at no cost, thus keeping registration fees low. In addition, meeting attendees receive a reduced rate for their sleeping rooms over leisure travelers. We kindly request that all meeting attendees take advantage of the group rate and stay at the official In Focus Seminar property, The Hyatt Chicago Magnificent Mile.

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