Casualty Actuarial Society

Impact of ILS on the Reinsurance Market: Past, Present and Future Webinar

Impact of ILS on the Reinsurance Market: Past, Present and Future

May 22, 2018
12:00 - 1:30 ET

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Description:

Discuss the impact of ILS on the reinsurance market covering the past, the present, and where we might likely be headed. The webinar will cover both how ILS vehicles have emerged and evolved as well as how the traditional reinsurance market has responded.

Please note that audio for this presentation will be streamed via WebTalk. The WebTalk platform supports computers, smart phones and tablets including, iPhones, iPads and flash-enabled Androids. In order to join the webinar in a timely manner, please be sure to prepare your computer in advance of the presentation per the system requirements and instructions (TEST YOUR COMPUTER). Group registrants are encouraged to work with their IT departments to insure that the presentation and the presentation’s audio can be streamed through a computer.

SPEAKER OPINIONS

The opinions expressed by speakers at this event are their own and do not necessarily reflect the opinions of the CAS.

Intended Audience:

This webinar will be of interest to all CAS members, and of special interest to actuaries who work in the following areas: Catastrophes, Enterprise Risk Management, Investments, Planning - Strategic and Financial, Pricing/Ratemaking, Product Development, and Reinsurance Reserving.

Speaker

Bill Miller, KPMG

Bill, Managing Director, leads the KPMG in Bermuda actuarial team and has over 35 years of industry experience. Most recently, Bill worked at ACE for 12 years across various jurisdictions. He was a member of the ACE Global Liability Product Board, and head of ACE Actuarial Learning Council. Prior to ACE, Bill spent 3 years at Towers Watson where he was responsible for reserve reviews for primarily casualty US clients and 5 years at Travelers with a focus on large account pricing.

Bill currently serves a number of insurance clients, including non-life, and life across various jurisdictions. This experience includes:

  • Performed reserve opinions for commercial insurance carriers. Served as Workers Compensation Insurance Practice Leader. Performed underwriting, operational and claims audits in US for offshore reinsurers who had limited ability to travel to US due to tax laws;
  • Significant reserve review experience across all P&C lines;
  • Performed analysis and evaluation of financial results of reinsurance programs including Unicover program for both cedants and reinsurers;
  • Oversaw actuarial operations and state legislative affairs actuarial support for eastern and mid-western regions. Provided extensive testimony at legislative committee hearings on WC reform and regulatory hearings on rate filings;
  • Reengineered pricing system and assumptions to reflect new metrics like managed care impact and preferred provider networks. Large account client pricing and collateral, and customer interaction;
  • Chief Actuary of staff of 17 actuaries responsible for pricing, collateral, reserving, resource and talent management, and enterprise risk management for $1.8B revenue division. Extensive interaction with clients, brokers and their consulting actuaries involving technical negotiations over the merits of the actuarial projections;
  • Collaborated closely with senior management on strategic planning and execution. Coordinated the build out and training of pricing, contract execution and CAT management models;
  • Developed and continuously improved internally developed WC Terrorism and Earthquake CAT Model over a 12 year period. Model was a real time model with underwriting authorities and capacity constraints built in; and
  • Developed Predictive Modeling applications for WC Claim Outcomes and for Primary Casualty underwriting and pricing.

Registration Information and Fees

Note: Registration form is best viewed in Internet Explorer.

When registering for this event online, please select your reg type to see the event fees available.

Register

If you prefer to pay by check, please download a printable registration form.


Registration Fees (in U.S. Dollars)

Received on/by
May 8, 2018

Received after
May 8, 2018

Individual

$50

$75

Group*
(more than one person using the same internet connection)

$250

$300

Multiple Connections*
(Unlimited internet connections for individuals working for the same company. Please note that audio for this presentation will be streamed via the web)

$500

$550

*Group Registrations and Multiple Connection Registrations may provide a list of attendees up to two weeks post event to the CAS via email, meetings@casact.org, and CAS will note attendance for all member participants in their member record. The registering party for the Multiple Connection Registration will be responsible for distributing all event details to attending individuals within their company.

Cancellations/Refunds

Registrations fees will be refunded for cancellations received in writing at the CAS Office via fax, 703-276-3108, or email, refund@casact.org, by May 15, 2018 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 please visit the CAS web site.

CAS Webinars 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 and/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.

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