2005 Casualty Actuaries in Reinsurance (CARe)

Limited Attendance Seminar on Risk and Return in Reinsurance

September 26, 2005
New York Marriott East Side
525 Lexington Avenue
New York, New York 10017
(212) 755-4000

List of Attendees (.pdf)
Seminar Sessions and Handouts

What is the "right" way to determine the amount of risk inherent in a particular reinsurance contract; and knowing that, what is the "right" profit load? Actuaries will often set significantly different prices for a reinsurance contract. This is perhaps largely due to differences in estimation of the expected losses. However, one's choice of return model could have a significant effect.

Should one keep it simple and price to a certain combined ratio? Should it be the same combined ratio for every type of contract? How do we first decide on the target combined ratio?

Or should we set a target return on equity? If so, how do we determine the amount of equity? And even then, what is the proper return hurdle? Do we use RAROC, RORAC or some other acronymic ROE approach?

What about internal rate of return models? Can we use CAPM? How about using utility theory?

This one day intensive seminar will explore many of these questions and more.

Details
Attendance is limited to a maximum of 50 participants. Attendees will be selected on a first registered, first accepted basis. The morning will begin at 8:00 a.m. with registration and continental breakfast. The seminar will begin promptly at 8:30 a.m. and will end at approximately 5:00 p.m.

Fees will be refunded for cancellations received in writing by September 16, 2005, less a $50 processing fee.

The attire for this seminar is business casual.

Hotel Information
There are a limited number of rooms reserved for the evening of September 25. The rate is $269, plus taxes, for a single or double room. To make a reservation, please call (212) 755-4000 and refer to the Casualty Actuarial Society room block. Please note that:

Reservations must be made by September 2, 2005.

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

Tim Aman, Managing Director, Guy Carpenter & Company
Mike Angelina, Chief Actuary, Endurance Specialty
Bruce Fell, Consulting Actuary, Towers Perrin
Sarah Krutov, Senior Vice President & Chief Actuary, SCOR Reinsurance
Barry Zurbuchen, Senior Vice President & Chief Pricing Actuary, Allied World Assurance Company

Registration

• Online Registration via the CAS Online Store  Once in the CAS Online Store, enter "Risk" for the keyword and "Seminar" as the product type.

• Printable Registration Form (.pdf)