Boston Area to Host the ’08 Ratemaking Seminar During St. Patrick’s Day!
By Klayton Southwood, Chairperson, Ratemaking Seminar Committee
Scheduled for March 17-18, this year’s Seminar on Ratemaking falls on St. Patrick’s Day, one of the most festive times of the year for the greater Boston metropolitan area. This forum for presenting and discussing ratemaking methods, concepts, and issues will be held at the Royal Sonesta Hotel Boston, located on the other side of the Charles River in Cambridge, MA. A variety of sessions will be offered to insurance professionals of all levels, including the annual introductory track for non-actuaries who would like to gain a stronger understanding of the various actuarial methods and issues employed in the science of ratemaking.
The two-day event will kick off with a keynote address by the Commissioner of the Massachusetts Division of Insurance, Nonnie Burnes. Ms. Burnes will share her view of the current regulatory issues in Massachusetts, including the sweeping reforms of the personal automobile insurance market, coastal property insurance availability/affordability, and the status of the new mandatory health insurance program for Massachusetts residents.
Tuesday morning will begin with a general session featuring Insurance Information Institute President Dr. Robert P. Hartwig. Dr. Hartwig will present a comprehensive overview and outlook of the cyclical forces driving the property/casualty insurance industry today. Among the key factors reviewed will be trends in profitability, underwriting performance, ratings and financial strength, investment volatility, the tort system, and developments in the regulatory and legislative arena. The seminar is an opportunity for actuaries, underwriters, and other insurance professionals to further their continuing education. The General Ratemaking Concepts track is geared to those interested in gaining a basic understanding of ratemaking concepts. The Underwriting track will supply useful material for actuaries and underwriters alike.
Overall, the seminar will offer more than 40 different concurrent sessions, covering data management and technology; underwriting workers compensation; commercial lines; personal lines; predictive modeling; risk and capital management; regulatory, reinsurance, and specialty topics; and discussion papers.
The Royal Sonesta Hotel is minutes from Boston, with shopping, museums, and historic sites all nearby. Plan now to attend and experience St. Patrick’s Day in the Boston area.