Casualty Actuarial Society

Arriving at a Loss Ratio for Commercial Umbrella

Arriving at a Loss Ratio for Commercial Umbrella

A CAS Web-Conference

Held On February 9, 2012


This web conference will present an alternate method of arriving at a loss ratio for pricing for commercial umbrella.

The presenters will discuss:

  • The weaknesses of the traditional method, which applies average trend and development factors to aggregate losses by accident year or policy year
  • An alternative method that applies line of business specific trend and development factors to individual losses, while also addressing the issue of free cover and shock losses
  • Issues to consider for frequency and severity trends for umbrella and peer company benchmark loss ratios

This session was originally offered at the CAS Reinsurance Seminar 2011.

Intended Audience

This presentation will be of most interest to actuaries that price umbrella, as well as actuaries that work in reinsurance. CAS members and non members are welcome.


Todd D. Cheema, FCAS, MAAA, Vice President, Senior Actuary, Swiss Reinsurance America Corporation. Todd started his career in primary insurance, then moved to consulting. He now works in reinsurance. Prior to joining Swiss Reinsurance America, he held positions at Plymouth Rock, Milliman & Robertson, and Partner Re.

Cameron Vogt, FCAS, CFA, MAAA, Senior Vice President & Actuary Reinsurance Division, Munich Reinsurance America, Inc. Princeton, NJ. Cameron Vogt is Head of the Pricing & Referral Unit within MRAm's Reinsurance Division. He joined Munich Re in 2000 and has held positions as both a pricing actuary and underwriter. Prior to joining Munich Re, he worked for Reliance Insurance Company.

Registration Information and Fees

All fees collected in US Dollars.

Registration Type

Received on/before
January 26

Received after
January 26

Individual Registration$50$75
Multiple Registrations
Multiple registrations must be using the same computer and telephone connection.

*Multiple Registrations will need to provide a list of attendees to the CAS via email,, so CAS may note attendance for all participants in their CAS member record.


Registrations fees will be refunded for cancellations received in writing at the CAS Office via fax, 703-276-3108, or email,, by February 2, 2012 less a $25 processing fee.

CAS Continuing Education Policy

The CAS Continuing Education Policy applies to all ACAS and FCAS members who provide actuarial services. Actuarial services are defined in the CAS Code of Professional Conduct as "professional services provided to a Principal by an individual acting in the capacity of an actuary. Such services include the rendering of advice, recommendations, findings or opinions based upon actuarial considerations." Members who are or could be subject to the continuing education requirements of a national actuarial organization can meet the requirements of the CAS Continuing Education Policy by satisfying the continuing education requirements established by a national actuarial organization recognized by the Policy. For further information regarding the CAS Continuing Education Policy, is available online.

This activity may qualify for up to 1.8 CE Credits for CAS members. 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 or lunch.

*The amount of CE credit that can be earned for participating in this activity must be assessed by the individual attendee. It also may be different for individuals who are subject to the requirements of organizations other than the Casualty Actuarial Society.


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