Casualty Actuarial Society

Cash Flow Case Reserving and Triangle Restatements Webinar

Cash Flow Case Reserving and Triangle Restatements

February 15, 2018
12:00 - 1:30 ET

Online registration for this event is now closed. If you would like to register please complete the print form and return it to the CAS office before 11:30AM.

Description:

This session will present a formulaic cash flow approach for setting individual case reserves for long-tail lines such as workers’ compensation. This approach incorporates claim adjuster estimates of short-term costs along with key assumptions (e.g. medical inflation, discount rate, mortality tables) that impact those costs over time. Also introduced is a reserving method that creates more consistent triangles by restating individual case reserves from prior diagonals to reflect the key assumptions that underlie the current diagonal. This is similar to an extension of exposures technique but for claims in a loss triangle.

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 non members.

Speaker

James Heer is the president and CEO of the Workers’ Compensation Reinsurance Association (WCRA), having formerly served as its actuarial vice president through 2013. He is responsible for the overall management of the operations and staff. Prior to joining the WCRA in 2007, James was an actuary and senior vice president for Guy Carpenter. He has also served in various actuarial roles at E.W. Blanch, USAA, and St. Paul Companies. James is a Fellow of the Casualty Actuarial Society and has served on the CAS Reinsurance Research Committee since 2009 as a member and former chair. He is also a Member of the American Academy of Actuaries. He holds a bachelor’s degree in mathematics from the University of South Dakota.

Lynn Carroll is Vice President of Actuarial and Information Systems of the Workers’ Compensation Reinsurance Association (WCRA).  This includes recommending appropriate rate and reserving levels as well as developing, implementing, and communicating IS strategies, policies, procedures, and operating standards. Prior to joining the WCRA in 2014, Lynn was a consulting actuary for ten years.  She also served in various management capacities with The St. Paul Companies (Travelers) from 1984-2004.   Lynn holds a bachelor’s degree in business/economics from Minnesota State University, Mankato.  She is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries.

Registration Information and Fees

Online registration for this event is now closed. If you would like to register please complete the print form and return it to the CAS office before 11:30AM.


Registration Fees (in U.S. Dollars)

Received on/by
February 8, 2018

Received after
February 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 February 8, 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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