Casualty Actuarial Society

Press Room

MAF Fall 2012 Meeting Registration and Agenda

07/24/2012 —

Online Meeting Registration

The Midwestern Actuarial Forum is happy to announce the Fall 2012 Meeting on Friday, September 14, at Great American Insurance Group in Cincinnati, OH. On the morning of the event, check-in / registration will begin at 8:30 AM; sessions will start at 9am and end around 4pm. The meeting is free.

 

Also attached is some helpful information on directions and lodging near Great American.

Registration will close on Tuesday, September 11 and will be capped at the first 200 people to register via the link above. We kindly ask that you register as soon as possible so we can have an accurate headcount to assist our preparations and accomodate any building security requirements.

We are again using the CAS registration process, and here are a few helpful hints:

    - You will need to login to the CAS website in order to register (if you are a visitor, there are prompts to help you get a visitor password).
    - There is still no fee for this event, but you will have to add the MAF meeting to your cart and checkout to be registered.
    - The registration form asks for meal preference, but this is not applicable.

Agenda

9:00–9:05 a.m. Opening Remarks
Rick Gorvett, FCAS, ASA, CERA, MAAA, ARM, FRM, Ph.D.
Director of the Actuarial Science Program, University of Illinois
9:05–9:15 a.m. Welcome
John Doellman, FCAS Vice President & Chief Actuary, Great American Insurance Companies
9:15–10:05 a.m. Validating Predictive Models
Christopher J. Monsour, FCAS Vice President & Actuary, Predictive Business Applications, CNA

This presentation will cover appropriate methods for validating and comparing predictive models. Several snags for the unwary will also be covered. This talk will be useful both for those who build predictive models and for their managers and customers.

This session may meet one hour of the continuing education organized activity requirements.
10:05–10:20 a.m. Break
10:20–11:20 a.m. MegaTrends and MicroTrends: The Past and Future of P/C Insurance
Steven Weisbart, Ph.D., CLU Senior Vice President and Chief Economist, Insurance Information Institute
After a brief review of the financial status of the P/C Insurance Industry, the presentation will highlight and discuss the implications for the industry of changes large and small that present intriguing challenges for its successful future.

This session may meet one hour of the continuing education organized activity requirements.
11:20–12:10 p.m. Basics of Capital Modeling
Hyeji Kang, FCAS Director, PricewaterhouseCoopers
In this introductory session on capital modeling, Hyeji will take the audience through a simplified case study of capital modeling. She will touch on model structure, parameterization, related tools and considerations, and the use of such models.

This session may meet one hour of the continuing education organized activity requirements.
12:10–1:10 p.m. Lunch (On your own)
1:10–1:25 p.m. MAF Business Session
1:25–2:15 p.m. Workers Compensation Overview
Robert J. Moss, ACAS, MAAA Associate Actuary, National Council on Compensation Insurance
The WC line has been presented with many challenges in recent years, particularly with respect to the impact of the recession. This presentation will focus on the countrywide results for the workers compensation line, as well as information on recent changes to the experience rating split point and the results of recent research from NCCI.

This session may meet one hour of the continuing education organized activity requirements.

The CAS Loss Simulation Model and its Applications
Joseph Marker, FCAS, MAAA Lecturer, University of Michigan, and President, Marker Actuarial Services, LLC
The Loss Simulation Model Working Party (LSMWP), under the direction of the Dynamic Risk Modeling Committee, created a model (the "LSM") that simulates the processes of loss emergence and settlement. The model produces both detail transactions and summary information (such as triangles) useful in estimating loss reserves and testing reserve methods. This session will discuss some features of this publicly-available model, emphasizing applications to reserving. We will also discuss the available research done in connection with the model, and the source code available for parameterizing and testing the model.

This session may meet one hour of the continuing education organized activity requirements.
3:05–3:20 p.m. Break
3:20–4:10 p.m.

Lights! Camera! Professionalism!
Moderator: Patrick Gilhool, FCAS, MAAA AVP & Actuary, Commercial Insurance PSA - Casualty Lines, CNA
Come enjoy some fine fellow actuaries as they act out two skits involving professional dilemmas. These skits are intended to lead to some lively and educational audience discussions. You will walk away from this session with a better understanding of the ASOP's, codes of conduct and how to apply them when you face your own professional ethical dilemmas.

This session may meet one hour of the continuing education professionalism requirements.

4:10–4:15 p.m. Closing Remarks

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