Think You Know All About Diversity and Inclusion? Three Perspectives That May Surprise You
Most professionals truly believe they are dedicated to diversity and inclusion, but few take meaningful steps to make that a reality. In this Professionalism session, panelists who are on the front lines of implementing diversity and inclusion in the workplace will discuss why they are essential for success and share concrete strategies for diversity and inclusion. The panel will also discuss the findings from the recent CAS-sponsored research on diversity in the actuarial profession, which revealed the key barriers for individuals pursuing the actuarial career.
Mallika Bender, Consultant, Willis Towers Watson
Dawn Frazier-Bohnert, SVP and Chief Diversity & Inclusion Officer, Liberty Mutual Insurance
Erika Schurr, VP & Chief Actuary, Travelers Canada
Lori Bailey, Global Head of Cyber Risk, Zurich North America
Where is the Insurance Cycle?
After significant property catastrophe losses in 2017 and with some lines beginning to experience adverse development, many industry observers predicted that we are entering a hard market. Yet actual evidence can be hard to find. Are we in a new phase of the cycle?
The speakers will describe different predictors of hard markets, look at how they have performed historically, and describe what they are signaling today.
Then they will discuss new macro drivers in today's insurance environment, including data and analytics, improved risk disclosures, the surge in alternative capital, and fallout from the Global Financial Crisis, and consider the potential impact of each on the cycle going-forward.
Benoit Carrier, Managing Director, Aon Benfield
James Lynch, Chief Actuary & Vice President of Research & Education, Insurance Information Institute
Dr. Stephen Mildenhall, Assistant Professor, St. John's University
Insurers are like Zoos - More Compelling When There Are Cats on Offer
A top priority item for insurance carriers is top line growth. However, with a finite insurance marketplace, massive advertising spends, and fierce competition, chasing top line can feel like a zero-sum race to the bottom. Further complicating the strategic agenda for many underwriters is an increasing intolerance for natural catastrophe risk exposure, especially given that 2017 included three hurricanes, a Mexico earthquake, and two wildfires. But what if the way to achieve growth could be accomplished by getting smarter about catastrophe exposure management? Is being BULLISH about CATS mixing too many metaphors or is the activity we saw in 2017 the new normal?
Dustin Loeffler, Director, Aon Benfield
Paul Eaton, Managing Director, Aon Benfield
Peter Sousounis, Assistant Vice President, AIR Worldwide
The news is filled with stories about Insurtech, innovation, disruption, telematics, connected home, connected worker, connected everything, data science, unstructured data, machine learning, artificial intelligence—it can all be a bit overwhelming. Actuaries have varying opinions on the nature, scope, degree and timing of the impact of all these changes on the profession. What we do know is major employers of actuaries (insurers, reinsurers, consultancies, intermediaries), as well as technology companies, and even venture capital firms are investing significant time, effort and money into disrupting the insurance value chain. If the value chain is disrupted, we actuaries will be disrupted. It’s a matter of when, how much, and what if anything can we do to survive and thrive these turbulent times.
This general session will take a first pass at an Actuarial Profession SWOT Analysis—Strengths, Weaknesses, Opportunities, and Threats. We will discuss the strengths and weaknesses of the actuarial profession in light of these changes, as well as the threats to both our current employers and to the actuary’s roles in these evolving insurers.
We will also discuss opportunities for actuaries to help lead our industry forward in these challenging and exciting times.
Frank Gribbon, Senior Actuarial Consultant, Verisk
Don Mango, Principal, Innovensure Advisory Solutions
Eric Boyum, Managing Director, Aon Benfield
Sam Friedman, Insurance Research Leader, Deloitte Center for Financial Services