Data, Documentation and Disclosure
Presented by the American Academy of Actuaries and the Casualty Actuarial Society
January 19, 2012 (Thursday)
12:00 - 1:30 EST
This session will address issues that are fundamental to effective actuarial work: Data, Documentation and Disclosure. Investing up front in identifying the data appropriate for the actuary's work, and considering the limitations of the data that is available, will pay dividends and will enhance the relevance of the actuarial analyses. Documentation of the actuary's conclusions, including the assumptions underlying the actuary's analyses and the rationale used in developing the actuary's conclusions, is essential to the relevance of the actuary and the reputation of the actuarial profession. The actuary is expected to disclose assumptions, reliances, limitations of data, and uncertainties inherent in the conclusions reached by the actuary. This session will address the CAS Code of Professional Conduct, the CAS Statements of Principle and relevant Actuarial Standards of Practice. It will also address specific NAIC guidance for actuaries issuing statements of actuarial opinion.
All casualty actuaries (particularly those providing actuarial services in the United States)
Patricia A. Teufel
Ms. Teufel currently serves as President of the Casualty Actuarial Society. She is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries. She is a Trustee of The Actuarial Foundation and has previously served as Director on the Boards of the CAS and the Academy. She has served on the Casualty Actuarial Society Executive Council as Vice President – Marketing & Communications. She has also served as Vice President-Financial Reporting for the American Academy of Actuaries and as Chairperson of the Committee on Property Liability Financial Reporting (COPLFR). She is a regular speaker at professional actuarial meetings and other industry conferences.
Ms. Teufel is retired from KPMG LLP as of December 31, 2010, after 20+ years of service. She led the KPMG Actuarial Services practice for over a decade. While at KPMG, her principal services included: independent evaluation of loss and loss adjustment expense liabilities (including asbestos, environmental and other mass tort liabilities); issuance of statements of actuarial opinion; merger and acquisition assistance; litigation support services, including expert witness testimony; conversions to US GAAP and IFRS (International Accounting Standards); purchase accounting advisory services; and business process improvement advisory services. Prior to KPMG, Ms. Teufel spent 18 years with CIGNA and its predecessor organizations, in various actuarial, underwriting and marketing management roles.
Ms. Teufel holds a B.A. in mathematics from Trinity College, Washington, DC.
Registration Information and Fees
All fees collected in US Dollars.
| Multiple Registrations|
Multiple registrations must be using the same computer and telephone connection.
*Multiple Registrations will need to provide a list of attendees to the CAS via email, firstname.lastname@example.org, so CAS may note attendance for all participants in their CAS member record.
Registrations fees will be refunded for cancellations received in writing at the CAS Office via fax, 703-276-3108, or email, email@example.com, by January 12, 2012 less a $25 processing fee.
CAS Continuing Education Policy
The CAS Continuing Education Policy applies to all ACAS and FCAS members who provide actuarial services. Actuarial services are defined in the CAS Code of Professional Conduct as "professional services provided to a Principal by an individual acting in the capacity of an actuary. Such services include the rendering of advice, recommendations, findings or opinions based upon actuarial considerations." Members who are or could be subject to the continuing education requirements of a national actuarial organization can meet the requirements of the CAS Continuing Education Policy by satisfying the continuing education requirements established by a national actuarial organization recognized by the Policy. For further information regarding the CAS Continuing Education Policy, is available online.
This activity may qualify for up to 1.8 CE Credits for CAS members. Participants should claim credit commensurate with the extent of their participation in the activity. CAS members earn 1 CE Credit per 50 minutes of educational session time not to include breaks or lunch.
*The amount of CE credit that can be earned for participating in this activity must be assessed by the individual attendee. It also may be different for individuals who are subject to the requirements of organizations other than the Casualty Actuarial Society.