Casualty Actuarial Society

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Catastrophes, Risk Transfer Among Topics to be Discussed at CAS Annual Meeting, November 12-15 in San Francisco

11/01/2006 —

The catastrophe insurance market and accounting for risk transfer will be featured topics during the Annual Meeting of the Casualty Actuarial Society (CAS), November 12-15, 2006 at the Hyatt Regency in San Francisco, CA.

The meeting provides a forum for actuaries and other professionals to stay abreast of current issues affecting the insurance industry and the actuarial profession, as well as opportunities to interact with other actuaries from around the globe.

Four general sessions are planned:

  • Catastrophes- How did we do in 2006? What’s ahead for 2007? - Several experts with different perspectives on the catastrophe insurance market will discuss recent evolutions from the 2005 experience. Also, with the 2006 Atlantic hurricane season coming to a close, the panelists will draw early conclusions concerning the 2006 results and their impact on 2007.
  • Risk Transfer and Why Reinsurance Contracts May Never Be the Same - A panel of industry experts will discuss anticipated changes in the accounting environment of risk transfer, conclusions of the American Academy of Actuaries Risk Transfer subcommittee, and the reinsurance and regulatory implications.
  • AAA Qualification Standards will explore actuarial qualification standards in the United States and how they will soon be broadened to cover most statements of actuarial opinion.
  • Lloyd’s of London will focus on the premier insurance/reinsurance entity and its role as a major supplier of reinsurance security on U.S. balance sheets. The panelists will discuss both Lloyd's and the London market in general.

The meeting will also feature several concurrent sessions on insurance issues in California, such as personal auto insurance and workers compensation. Other concurrent sessions will address developments in Enterprise Risk Management, crop insurance, data issues, emerging exposures, marine and energy insurance products, medical malpractice, predictive modeling, rating agencies, and reserving for large catastrophes.

The featured speaker is Olympic Champion Joey Cheek, who works with international humanitarian organizations including Right To Play, an athlete-driven organization that uses sport and play as a tool to help young people in the most disadvantaged areas of the world.

Members of the press are welcome to attend the meeting and are asked to register with Mike Boa, CAS director of communications and research, at 703-276-3100 in advance of the meeting.

The Casualty Actuarial Society is an organization dedicated to the advancement of the body of knowledge of actuarial science applied to property, casualty and similar risk exposures. The primary goal of the Casualty Actuarial Society is to provide education and research to help its over 4,000 members be the leading experts in the evaluation of hazard risk and the integration of hazard risk with strategic, financial and operational risk.

Contact Information

Mike Boa,

703-276-3100, mboa@casact.org

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