2009 CARe Reinsurance Boot Camp on Pricing Techniques

August 10-11, 2009
St. John’s University (College of Insurance)
101 Murray Street
New York City, NY 10007
United States

Program Description

This two-day seminar is intended to fill a void in intermediate level reinsurance education. The program will start with a review of reinsurance structures, including a discussion of how those programs can be tailored to meet the needs of clients and the issues that some structures create for reinsurers. This presentation will also cover pricing prorata reinsurance. The next set of sessions will review excess of loss experience and exposure rating for both property and casualty. Another session will discuss methods for determining aggregate distributions, how those distributions are used to analyze loss sensitive treaty features, and the key issues encountered during this process.

The next set of sessions will review line of business specific issues and pricing approaches. Areas covered will include property catastrophe modeling, professional liability, and workers compensation. The final afternoon will include a panel discussion covering many issues faced by reinsurance pricing actuaries and a small group project, which will include a discussion of difficult issues faced by pricing actuaries and a case study.

The 2009 Casualty Actuaries in Reinsurance (CARe) Reinsurance Boot Camp on Pricing Techniques planned sessions will cover a variety of topics, including:

• Review of reinsurance structures and pricing pro-rata treaties
• Experience rating
• Property and casualty exposure rating
• Evaluating loss sensitive treaty terms
• Catastrophe modeling
• Workers compensation pricing
• Professional liability pricing

Intended Audience

The target audience includes mid-level reinsurance actuaries, experienced non-reinsurance actuaries seeking to expand their skills, and quantitatively oriented underwriters and brokers who are looking to increase their understanding of reinsurance pricing techniques. Sessions will be at an intermediate track level, but will include many advanced concepts.

Speakers/Session Details/Schedule (Agenda is subject to change.)

Registration Information and Fees

* An active candidate has attempted at least one actuarial exam in the last two years.

Attendance is limited to a maximum of 64 participants. Attendees will be selected on a first registered, first accepted basis.

Cancelations/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 August 3, 2009 less a $100 processing fee.

Continuing Education Credit

The Casualty Actuarial Society (CAS) designates this educational activity for a maximum of up to 15.3 CE Credits. 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 CAS Code of Professional Conduct states that, “an actuary shall perform professional services when the actuary is qualified to do so and meets applicable qualification standards.” The American Academy of Actuaries (AAA) establishes qualification standards for public statements of actuarial opinion in the United States of America. Those standards require that actuaries update and maintain knowledge of applicable principles of actuarial science and actuarial standards of practice and their satisfaction through continuing education. The AAA publication Qualification Standards for Prescribed Statements of Actuarial Opinion provides a complete list of guidelines concerning continuing education. Actuaries attending a CAS seminar to satisfy AAA requirements should review all guidelines in that publication.

Hotel Information

Should you require hotel accommodations, St. John’s University recommends the following convenient properties:

Cosmopolitan Hotel
95 W. Broadway
New York NY 10007
phone: 212-566-1900

Millenium Hilton
55 Church Street
New York NY 10007
phone: 212-693-2001

Embassy Suites Hotel
102 North End Avenue
New York NY 10282
phone: 212-945-0100

New York Marriott World Financial
85 West Street
New York NY
phone: 212-385-4900

Organizers

The following Reinsurance Seminar Planning Committee members were a part of the Sub-Committee which put together and helped plan this event:

Sean R. Devlin, FCAS, Senior Vice President, Swiss Re America
Jeffrey L. Dollinger, FCAS, Senior Vice President & Chief Actuary, Endurance Reinsurance Corporation of America
Joshua L. Fishman, FCAS, MAAA, Vice President, Swiss Reinsurance America Corporation