Event Details
Sheraton Centre Toronto Hotel
123 Queen Street West
Toronto, Ontario M5H 2M9 Canada
04/28/2017
About This Event
The 2017 CAS Spring Meeting gives property-casualty insurance actuaries and consultants the opportunity to earn continuing education credits in a variety of sessions covering relevant and timely topics necessary for continued professional growth and maintaining actuarial credentials. Network with your peers and colleagues at a deluxe hotel located in the heart of the vibrant city of Toronto.
CASUALTY ACTUARIAL SOCIETY’S ENVISIONED FUTURE (FROM THE CAS STRATEGIC PLAN)
The CAS will be recognized globally as the premier organization in advancing the practice and application of casualty actuarial science and educating professionals in general insurance, including property-casualty and similar risk exposure.
CONSENT TO USE OF PHOTOGRAPHIC IMAGES
Registration and attendance at or participation in CAS meetings, seminars and other activities constitutes an agreement by the registrant to the CAS’s use and distribution (both now and in the future) of the registrant or attendee’s image or voice in photographs, videotapes, electronic reproduction and audiotapes of such events and activities.
CONTINUING EDUCATION CREDITS
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.
This activity may qualify for up to 15.2 CE credits for the Spring Meeting 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.
Note: 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 American Academy of Actuaries.
SUGGESTED ATTIRE
Business casual attire is suggested for the conference sessions and receptions. It is best to wear layered clothing as meeting rooms tend to fluctuate in temperature.
In Toronto, the average high temperature during May is 65 degrees F / 18 degrees C and the average low is 43 degrees F / 6 degrees C.
UNIVERSITY OF THE CAS (UCAS)
Visit the University of the CAS to enhance your experience in professional education. UCAS provides a virtual world of opportunities through the capture of live content from CAS meetings and seminars. UCAS offerings include a variety of session presentations, audio recordings, podcasts and recorded webinars.
Following the meeting, select sessions from the 2017 Spring Meeting will be recorded and available to meeting attendees for a discounted fee. UCAS now offers recorded sessions from the 2016 Annual Meeting, 2016 Casualty Loss Reserve Seminar, 2016 Seminar on Reinsurance, 2016 Spring Meeting, and the following recently recorded webinars:
- Loss Reserving and the Law: What Every Actuary Needs to Know
- Insuring the Future
- State of Florida Homeowners Market
- Predictive Models: Beyond GLMs: Delta Boosting
- The Biggest Problem with Your Pricing Model is Your Reserving Model
Please visit the UCAS website for more information.
CONTACT INFORMATION
- For more information on Spring Meeting content, please contact Dave Core, CAS Director of Professional Education and Research, at dcore@casact.org.
- For more information on attendee registration, please email arc@casact.org.
- For more information on the Spring Meeting other than registration or content issues, please email meetings@casact.org.
- For more information on other CAS opportunities or administrative policies such as complaints and refunds, please contact the CAS Office at (703) 276-3100 or visit the CAS website.
The CAS Spring Meeting will be held May 21-24, 2017, at the Sheraton Centre Toronto Hotel in Toronto, Ontario, Canada.
The registration fee includes educational sessions, three continental breakfasts, a luncheon on Monday, refreshment breaks, a welcome reception on Sunday and the Tuesday Buffet Dinner at the Hockey Hall of Fame and Museum.
Please note the special one-day registration for Active Candidates* on Monday, May 22. The fee includes educational sessions, as well as Monday's breakfast, luncheon and two refreshment breaks.
EARLY REGISTRATION
We encourage you to register early for the Spring Meeting. Please note that while there is limited space at this year's Spring Meeting, CAS will work to accommodate all meeting registrants. Should there be a record number of registrations, the CAS reserves the right to limit the number of participants.
REGISTRATION FEES
Online Registration is closed.
Please register on site in Toronto, Canada starting Sunday, May 21 at 4pm.
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REGISTRATION TYPE |
EARLY REG. FEE |
LATE REG. FEE |
|
CAS Member, Affiliate, Subscriber, Active Candidate,* or Member of a Worldwide Actuarial Association |
$1,050 |
$1,250 |
|
CAS Member Speaker/Board/EC |
$850 |
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CAS Member Government Employee |
$525 |
|
|
CAS Academic Central Member*** |
$0 |
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|
Non-CAS Member Speaker |
$0 |
|
|
Non-CAS Member |
$1,250 |
$1,450 |
|
Non-CAS Member Government Employee |
$625 |
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Retired CAS Member |
$0 |
|
|
Spouse/Guest** |
$375 |
$475 |
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Monday Only (Active Candidate*) |
$150 |
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Post-Event Session Recordings**** |
$50 |
* An Active Candidate is a non-CAS member who has attempted at least one actuarial exam in the last two years.
** Person accompanying an Academic or CAS Member, Affiliate, Subscriber, Active Candidate* or Member of an Actuarial Association Worldwide to social functions. Attendance at educational sessions is not permitted with this registration fee category.
*** Limited to Mmbers of CAS Academic Central for up to three national CAS meetings or seminars each year.
**** Post-Event Session Recordings are being made available to conference attendees at a discounted rate of $50. Session recordings cover all or most of the sessions presented at the conference.
Note Regarding Fees: All attendee registration fees will increase by $200 USD if the registration is received after April 28, 2017. Similarly, spouse/guest registration fees will increase by $100 USD if the registration is received after April 28, 2017. The CAS will send confirmations to all registrants prior to the meeting. A complete registration form and fee schedule is included.
SPOUSE/GUEST REGISTRATION FEE
The fee for the spouse/guest** is $400 USD, which includes the following:
- Continental breakfasts (Monday, Tuesday, Wednesday)
- Sunday Welcome Reception
- Tuesday Buffet Dinner at the Hockey Hall of Fame
POST – EVENT SESSION RECORDINGS
As the CAS has done in the past, most of the sessions will be recorded with the audio synchronized to the presentation. This will allow you to earn additional CE units (as “other activity” according to the AAA’s qualification standards) by listening to these recordings after the Spring Meeting. As a registered meeting attendee, you are entitled to all the recordings once made available for only $50 (vs. $199 for non-meeting attendees). With the number of sessions planned, this may equal another 35-40 CE units.
INDIVIDUAL TICKETS
In lieu of the complete spouse/guest registration package, attendees may purchase individual tickets to the social events for their guests. Individual tickets are available for the continental breakfasts, Sunday Welcome Reception and the Tuesday Buffett Dinner. These individual tickets are not necessary for registered attendees to purchase, as each event is already included in the registration fee.
INDIVIDUAL TICKET PRICES
All ticketed events below are already included in both the attendee and the spouse/guest registration fee. These tickets are only intended for use by individuals not already registered.
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INDIVIDUAL TICKETS FOR PURCHASE - ALL TICKETED EVENTS BELOW ALREADY INCLUDED IN ATTENDEE REGISTRATION FEE |
COST |
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Sunday Welcome Reception (Age 21+) |
$80 |
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Sunday Welcome Reception (Child aged 3-20 years) |
$40 |
|
Buffet Dinner at the Hockey Hall of Fame and Museum (Age 21+) |
$180 |
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Buffet Dinner at the Hockey Hall of Fame and Museum (Child aged 3-20 years) |
$90 |
|
Monday Continental Breakfast |
$45 |
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Tuesday Continental Breakfast |
$45 |
|
Wednesday Continental Breakfast |
$45 |
Beverly Phillips, Chairperson
Linda Brobeck, Vice Chairperson
Kudakwashe Chibanda, Vice Chairperson
Frank Gribbon, Vice Chairperson
Keith Allen
Carl Ashenbrenner
Benoit Carrier
Barry Franklin
Michael Henk
Aaron Hillebrandt
Sarah Hunter
Charles Jin
Martin King
Dustin Loeffler
Keith Palmer
Stephanie Gould Rabin
Sandra Santomenno
David Snow
Zongli Sun
Katey Walker
Bob Wolf
Richard Yocius
Raisa Zarkhin
Sheraton Centre Toronto Hotel
123 Queen Street West
Toronto, Ontario M5H 2M9 Canada
Main Phone: +1-416-361-1000
Reservations: +1-888-627-7175
Sheraton Centre Toronto is located in the heart of downtown and within walking distance of many of Toronto’s major attractions. The hotel is connected to the financial and entertainment districts by way of the PATH, a 16-mile underground network of shops and services.
Canada’s flagship Sheraton recently completed an extensive $120 million renovation of all 1,372 guest rooms and its largest ballrooms. The hotel has a 2.5-acre waterfall garden, an indoor/outdoor pool with a poolside bar, a hot tub, a sauna, a spa, fitness facilities and a business center.
Room Rate: $239 CAD for single/double room, plus taxes and is inclusive of high-speed Internet access within the sleeping room. Reservations must be made prior to 5:00 p.m. (local hotel time) on April 28, 2017. Check in at the Sheraton Centre Toronto Hotel is 3:00 p.m. and check out is by 12:00 p.m.
Reservations may be made online or via telephone:
- For online reservations, visit https://www.starwoodmeeting.com/Book/CE19AF.
- For telephone reservations, call 888-627-7175 and reference Casualty Actuarial Society-Spring Meeting May 2017.
While reservations must be made prior to April 28, 2017, in order to receive the $239 CAD 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 secure accommodations before the room block fills.
IMPORTANT INFORMATION REGARDING OFFICIAL SPRING MEETING 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. We kindly request that all meeting attendees take advantage of the group rate and stay at the official Spring Meeting property, Sheraton Centre Toronto Hotel.
Spring Meeting Featured Speaker
Eric Garland, Futurist and Economic Trends Expert
“The Future of Risk: Evolving Foresight for a World in Transition”
Eric Garland, founder and Director of Competitive Futures, a competitive analysis firm that provides insight and expert guidance to corporate clients and government agencies, will speak on the Future of Risk: Evolving Foresight for a World in Transition.
He will give forecasts about the future of risk - how deeply interconnected world systems are increasing complexity and decreasing the ability to predict sudden shocks. Exploring his work in decision sciences, he will detail how actuaries can improve their understanding of emerging fields such as cognitive bias and behavioral economics to reduce risk and elucidate opportunities for their clients in the years to come.
Mr. Garland is trusted for his unique insight and analysis on economic trends, geopolitics, and society. He personally consults executives on market growth strategy, leads transformative educational sessions for organizations, and specializes in keynotes that spark conversations.
A brief list of notable clients includes Energizer, Coca-Cola, Siemens, the country of France, the City of Charlotte, the state of South Dakota, and the Principality of Monaco, to name a select few.
In addition to public speaking, and guest broadcast appearances on BBC, AJAM, The History Channel, and Politico, Mr. Garland has authored three books, and his work as a writer has gone viral several times, and has been featured in the Wall St. Journal, The Atlantic, and Business Insider, among others.
TED TALKS - TECHNOLOGY DEVELOPMENTS AFFECTING INSURANCE
This session will feature three short discussions on Industry issues in the format of TED talks. What are TED talks? They are sessions that short enough to hold people's attention, but precise enough to be taken seriously. We have assembled a group of Industry pioneers who will be talking about their experiences.
Three topics planned for this session will be:
- Going from an idea/concept to raising capital to ultimately launching a viable product in the insurance space.
- Defining blockchain. Some say it’s as revolutionary as the internet in the way it may change the way we do business.
- Discussing the latest trends in our sharing economy, such as the emergence of Uber, and the impact on risk management and insurance.
Moderator:
Ben Stinson, US Head of Business Development, BrovadaOne, Willis Towers Watson
Panelists:
Chad Nitschke, CEO, Bunker
Magdalena Ramada Sarasola, Senior Economist, Willis Towers Watson
David Cummings, Senior Vice President, ISO
THE ELECTION & AFFORDABLE CARE ACT
After implementing the Affordable Care Act (ACA) in 2010, the U.S. health care system came one step closer to Canada's, a system made up of a group of public health insurance plans covering all legal residents. The ACA has seen its share of growing pains, in the wake of the new political regime in the U.S., vulnerable to potential changes and possible repeal.
Speakers will compare and contrast the Canadian and U.S. health care plans, specifically with up-to-date knowledge of the new U.S. administration’s plans for ACA and the impacts on insurance availability and affordability — both direct and indirect on the property-casualty sector. This may include a discussion around the pros and cons of private versus public health insurance.
Moderator:
Keith Palmer, Director, Workers Compensation Research Institute
Panelists:
John W. Ruser, PhD., President and CEO, Workers Compensation Research Institute
Laura Cali Robison, Insurance Commissioner, Division of Financial Regulation, State of Oregon
Greg Chrin, Senior Manager, Deloitte Consulting
ERM/CAPITAL MODELING – HOW IT IMPACTS BUSINESS DECISIONS
Actuaries have been wrestling with the concept of capital adequacy and allocation for over 100 years. A significant evolution has been in play over that time in clarifying the purpose, methods and usage of the various techniques. Arguably, however, no clear winning technique has emerged. Maybe there isn’t one... and that may be the point. There may not need to be one technique.
Offering a historical primer — from bureau rates, through underwriting betas, and option approaches, to the latest thinking on capital budgeting and coherent risk measures — this session will review the evolution from a shareholder/owner, regulator, and policyholder point of view. It will also consider the evolution that parallels the advances in economics, finance, probability theory and risk theory.
The session will highlight best-practices that have emerged and describe lessons from various successful practical implementations. Applications of the continued evolution will be presented, with discussion around the progression of the resultant impact and challenges of business decision making and executive level, and regulatory acceptance. We have come a long way since using premium to surplus ratios.
Let’s continue the evolution.
Moderator:
Kevin Madigan, Director, Willis Towers Watson
Panelists:
Kendra Felisky, Chief Risk Officer, The Travelers Companies, Inc.
David Ingram, Senior Vice President, Willis Towers Watson
WILDFIRE AND FLOOD SITUATION IN NORTH AMERICA
North America has experienced significant wildfire and flood catastrophes in recent years. The May 2016 Fort McMurray wildfire in Canada’s Alberta province will be the costliest insured disaster in Canadian history; the August 2016 flood in the state of Louisiana is the worst U.S. disaster since the Hurricane Sandy in October 2012. Other catastrophes include multiple wildfires on the U.S. West Coast in 2015 and a large storm and flash flooding in Toronto in July 2013.
There has been an ongoing political and insurance industry debate in the U.S., over how to provide more affordable and robust flood coverage than currently provided by the Federal Emergency Management Agency (FEMA). In Canada some Canadian companies recently started to provide private flood insurance.
The first speaker will talk about flood modeling in the U.S. and Canada and issues around wildfire modeling. The second speaker will discuss how flood insurance could be privatized and identify the challenges to overcome.
Moderator:
Benoit Carrier, Managing Director, Aon Benfield
Panelists:
Steven Jakubowski, President, Impact Forecasting, LLC
Ned Dolese, CEO, Coastal American Insurance Company
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SUNDAY, MAY 21 |
|
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4:00 p.m.–6:30 p.m. |
Registration |
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5:00 p.m.–6:30 p.m. |
Recognition Reception for New Associates and their Spouses/Guests |
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6:30 p.m.–7:30 p.m. |
Welcome Reception |
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MONDAY, MAY 22 - VICTORIA DAY |
|
|
7:00 a.m.–4:30 p.m. |
Registration |
|
7:00 a.m.–9:00 a.m. |
Continental Breakfast |
|
8:00 a.m.–8:30 a.m. |
Welcome, Celebration of New Members |
|
8:30 a.m.–9:15 a.m. |
Business Session |
|
9:15 a.m.–9:45 a.m. |
Refreshment Break |
|
9:15 a.m.–9:45 a.m. |
New Member Group Photo Session (FCAS and CERA) |
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9:45 a.m.–10:45 a.m. |
Featured Speaker: Eric Garland |
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10:45 a.m.–11:00 a.m. |
Transition Break |
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11:00 a.m.–12:15 p.m. |
General Session 1 |
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12:15 p.m.–1:15 p.m. |
Luncheon |
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1:15 p.m.–2:30 p.m. |
Concurrent Sessions 1 |
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2:30 p.m.–3:00 p.m. |
Refreshment Break |
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3:00 p.m.–4:15 p.m. |
Concurrent Sessions 2 |
|
5:00 p.m.–6:00 p.m. |
Officers’ Reception for New Fellows and their Spouses/Guests |
|
~~~ Remainder of Evening is Free to Enjoy ~~~ |
|
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TUESDAY, MAY 23 |
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7:00 a.m.–2:00 p.m. |
Registration |
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7:00 a.m.–9:00 a.m. |
Continental Breakfast |
|
8:00 a.m.–9:30 a.m. |
General Session II |
|
8:00 a.m.–9:30 a.m. |
General Session III |
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8:40 a.m.–4:15 p.m. |
Student Program |
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9:30 a.m.–10:00 a.m. |
Refreshment Break |
|
10:00 a.m.–11:15 a.m. |
Concurrent Sessions 3 |
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11:15 a.m.–1:15 p.m. |
Lunch on Your Own |
|
1:15 p.m.–2:30 p.m. |
Concurrent Sessions 4 |
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3:00 p.m.–4:00 p.m. |
Optional: Roundtable Discussions |
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6:30 p.m.–9:30 p.m. |
Tuesday Buffet Dinner at the Hockey Hall of Fame and Museum |
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WEDNESDAY, MAY 24 |
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7:00 a.m.–11:45 a.m. |
Registration |
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7:00 a.m.–9:00 a.m. |
Continental Breakfast |
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8:00 a.m.–9:15 a.m. |
Concurrent Sessions 5 |
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9:15 a.m.–9:45 a.m. |
Refreshment Break |
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9:45 a.m.–11:30 a.m. |
General Session IV & Adjournment |
The CAS will be offering eight roundtables on Tuesday, May 23, in from 3:00 – 4:00 p.m. They are limited to 14 participants each, except for Roundtable 5 – 24 participants may be allowed. If you are interested in participating, please review this list of facilitators and topics. You may only pick one roundtable and we will honor the first 14 that register in each one, after which the registration for that roundtable will be closed.
Take advantage of this opportunity to discuss a real-world challenge and earn CE credits. Space is limited. First-come, first-served.
This is only available to Spring Meeting registrants.
Rountables 1 and 5 are now SOLD OUT.
ROUNDTABLE 1: DATA VISUALIZATION - SOLD OUT
Facilitator: Alison Khan, Actuary, The Travelers Companies
City Hall Room
Want to pick up some tips on how to most effectively display your data? Have some data visualization tips to share? Join our discussion. We will start with a couple of data visualization exercises and then talk about trends and the future of data visualization.
ROUNDTABLE 2: DIVERSITY IN THE ACTUARIAL PROFESSION
Facilitator: Kezia Charles, Consulting Actuary, Willis Towers Watson
Civic Ballroom North
The financial case for diversity is strong. However, diversity efforts often fail if there is no culture of inclusion. In this roundtable, you are invited to share your thoughts on what we can do create more inclusive environments in the workplace, and how we can all help to increase the diversity in the profession.
ROUNDTABLE 3: INTERNET OF THINGS
Facilitator: George Hosfield, Sr. Director, Home Insurance Vertical, LexisNexis Risk Solutions
Civic Ballroom South
The Internet of Things (IoT) promises exponentially more data, communicated from devices including everything from home appliances to automobiles to fitness monitors to utility meters. With more data on insured risks there is great excitement about how this data can improve the business of insurance, but also significant trepidation and uncertainty. Participants are encouraged to discuss their plans, desires and concerns regarding the applications of IoT in P&C Insurance.
ROUNDTABLE 4: MICROINSURANCE WORKING PARTY
Facilitators: Barbara Chabbaga, Lead Consultant, AB Consultants; Thomas Johansmeyer, AVP, PCS Strategy and Development, ISO Claims Analytics
Dominion South
Join us for a broad discussion on a year of research by the CAS microinsurance working party, and how innovations in microinsurance are being successfully deployed in developing and mature markets. Barbara, Jim, and Tom will discuss key issues for launching, growing, and operating microinsurance programs – including regulation, distribution, and managing cost-effective operations. We look forward to an interactive discussion, and the ideas brought by each participant.
ROUNDTABLE 5: THE NEW ASSOCIATES PERSPECTIVE: ADVANCING YOUR CAREER THROUGH THE CAS - SOLD OUT
(This is for new Associates only) (max: 24)
Facilitator: Matt Caruso, Membership & Volunteer Manager, Casualty Actuarial Society; Kimberly Guerrerio, Consulting Actuary, Milliman
Dominion North
New Associates are invited to participate in this roundtable discussion about the decision to pursue a career as a property casualty actuary. The CAS has implemented an aggressive marketing strategy to attract students and new ACAS input is invaluable. We will discuss how the CAS can position itself as the best career path for aspiring actuaries. In addition, we will discuss how the CAS can improve its connection to candidates sitting for exams and better engage new members in the CAS community. This roundtable is limited to New Associates only.
ROUNDTABLE 6: PRESENTING TO NON-ACTUARIES
Facilitator: David Prevo, Senior Actuarial Analyst, Country Financial
Provincial Ballroom North
This roundtable will share and discuss real life situations in which communication & presentation style was integral to the outcome of a discussion. The discussion will focus on different presentation styles used for various types of audiences encountered by consultants, company actuaries, and others, along with resources for self-improvement of presentation skills.
ROUNDTABLE 7: SUSTAINABILITY PRACTICES IN P&C INSURANCE
Facilitator: Anh Tu Le, Consulting Actuary, KPMG
Provincial Ballroom North
This roundtable will share and discuss real life situations in which communication & presentation style was integral to the outcome of a discussion. The discussion will focus on different presentation styles used for various types of audiences encountered by consultants, company actuaries, and others, along with resources for self-improvement of presentation skills.
ROUNDTABLE 8: AN UPDATE FROM ADMISSIONS
Facilitators: Michelle Iarkowski, Manager, Deloitte Consulting; Steve Armstrong, Vice President – Admissions, Casualty Actuarial Society
Churchhill Room
Topics will include how CAS Admissions is addressing restructuring Basic Education to reflect changes from the SOA and IAA ; specific suggestions from our candidate working group survey; incorporating technology into the examination process; related volunteer opportunities; and other priorities for the coming year.
