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CLRS Media Advisory

WHAT: Casualty Loss Reserve Seminar (CLRS) & Live Stream Sessions, hosted by the Casualty Actuarial Society (CAS) and American Academy of Actuaries

WHO: Insurance professionals of all levels, including actuaries, predictive modelers, product managers and underwriters. Members of the press are welcome to attend sessions both in-person and via live stream and are asked to register in advance with Kate Niswander, CAS marketing and communications manager, at 703-276-3100 or kniswander@casact.org.

WHERE: Anaheim Marriott, Anaheim, CA or remotely via the Internet live stream on September 6.

WHEN: September 5-7, 2018. Please note all times are Pacific.

WHY: To discuss industry trends and emerging issues in property and casualty insurance, predictive analytics, reserving and risk management. The meeting will consist of one general session as well as concurrent sessions. Five sessions will be made available for remote viewing via live stream on Thursday, September 6. Topics to be addressed at the seminar include predictive analytics, innovation and emerging trends, artificial intelligence, workers compensation, reserving best practices and more.

General Session

A Taxing Challenge for the Global (Re)Insurance Industry
[Friday, September 7 – 1:15 PM to 2:30 PM]
Speakers will outline key provisions of the new US Tax and Jobs Act and explore the potential impacts for (re)insurers on earning and the balance sheet, as well as investment and capital management strategies.

Speakers:
Christina Gwilliam, FCAS, Global Product Leader for Reserving, Willis Towers Watson
Terri Dalenta, FCAS, Grange Mutual Casualty Group

Live Streaming Sessions on Thursday, September 6

Business Session/Featured Speaker: Tim East, The Walt Disney World Company (Live Streaming)

[Thursday September 6 – 8:00 AM to 9:30 AM]

Tim East, The Walt Disney Company’s Director of Risk Management, will provide insights on his approach to risk management and his work with actuaries in the insurance industry. Mr. East’s talk is expected to begin at 8:15 a.m., following brief announcements about the seminar.

Frequency-Severity Stochastic Approach to Loss Development; Developing Individual Claims (Live Streaming)

[Thursday September 6 – 10:00 AM to 11:15 AM]
This session will provide methods for creating a loss development probability, adjusting the probability distribution for development maturities and handling different claims.

Panelist:
Joseph Boor, FCAS, Actuary, Florida Office of Insurance Regulation

IFRS 17 for Insurance Contracts (Live Streaming)
[Thursday, September 6 – 11:30 AM to 12:45 PM]

This session will provide an overview of the International Financial Reporting Standard (IFRS) 17- Insurance Contracts, effective for IFRS reporting beginning in 2021.

Panelists:
Marc Oberholtzer, FCAS, Principal, PricewaterhouseCoopers
Chris Nyce, FCAS, Principal, KPMG, LLP

WCRI Research: Highlights and Trends in Workers Compensation (Live Streaming)
[Thursday September 6 –1:45 PM to 3:00 PM]
A representative from the Workers Compensation Research Institute (WCRI) will present research on topics such as the relationship between opioid prescriptions and duration of temporary disability, changes in hospital reimbursement in selected states and recent interstate trends in opioid utilization.

Panelists:
Philip Borba, Principal and Director – Economics Consulting, Milliman, Inc.
Ramona Tanabe, Executive Vice President and Counsel, Workers Compensation Research Institu

Trends and Innovation in the U.S. Healthcare System (Live Streaming)
[Thursday September 6 – 3:30 PM to 4:45 PM]
Presenters will provide a wide-ranging overview of current trends affecting the health insurance market as well as the potential impact on casualty insurance, including the after-effects of the ACA, the future of public programs like Medicaid and Medicare, current trends and innovations.

Panelists:
Guy Avagliano, FCAS, Consulting Actuary, Milliman Inc.
Adam Blais, Claims Management Consultant, Milliman, Inc.

For more information on the live streaming, visit casact.org/clrs/. The CLRS live stream is sponsored by Travelers Insurance.

About the Casualty Actuarial Society

The Casualty Actuarial Society (CAS) is a leading international organization for credentialing and professional education. CAS credentials demonstrate the expertise to identify, analyze and advise on the potential financial impact of risk and uncertainty. Professionals educated by the Casualty Actuarial Society empower business and government to make well-informed strategic, financial and operational decisions

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