2018 Ratemaking, Product, and Modeling Seminar and Workshops

Event Details

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Fairmont Chicago, Millennium Park
200 North Columbus Drive
Chicago Illinois, United States 60601

February 19, 2018

About This Event

The CAS invites you to join us at the 2018 Ratemaking, Product and Modeling (RPM) Seminar, scheduled for March 19-21 in Chicago. Now in its 10th year, the RPM Seminar continues to evolve by amplifying its focus on modeling and offering sessions on innovative topics. The RPM Seminar provides a forum for actuaries, underwriters, product managers, modelers, predictive analytics professionals, and others to stay current and further their continuing education.

Event Information

SEMINAR OVERVIEW

RPM Seminar Brochure Cover

Fairmont Chicago, Millennium Park
Chicago, IL
March 19-21, 2018

Important Notice Regarding Hotel Booking

Onsite RPM Program

The CAS invites you to join us at the 2018 Ratemaking, Product and Modeling (RPM) Seminar, scheduled for March 19-21 in Chicago. Now in its 10th year, the RPM Seminar continues to evolve by amplifying its focus on modeling and offering sessions on innovative topics. The RPM Seminar provides a forum for actuaries, underwriters, product managers, modelers, predictive analytics professionals, and others to stay current and further their continuing education. This three-day event allows attendees to target their learning by presenting sessions within a streamlined set of tracks:

  • Modeling
  • Ratemaking
  • Product Management
  • Innovation and Emerging Trends
  • Professionalism and Regulation

The seminar will also feature seven optional pre-program full-day workshops. Our popular Severe Weather and Predictive Modeling workshops will be returning as well as our classic Product Development workshop.
Attendees will have networking opportunities to renew and expand their list of industry contacts, and exhibitors will be on hand to demonstrate their relevant services and knowledge.

The following registration options are offered:

  1. one full day of focused workshops; or
  2. two days of traditional general/concurrent sessions; or
  3. both the focused workshops and the traditional two day seminar.

ADDITIONAL INFORMATION

  • For more information on this seminar or other CAS opportunities, or for more information regarding administrative policies such as complaints and refunds, please contact the CAS Office at (703) 276-3100 or visit the CAS Web Site.
  • For more information on attendee registration, please e-mail arc@casact.org.
  • For more information on the Ratemaking, Product, and Modeling Seminar other than registration issues, please e-mail meetings@casact.org.

CONTINUING EDUCATION CREDITS

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.

This activity may qualify for CE Credits for the RPM Seminar for CAS members. Workshop attendees may qualify up to 7.2 CE Credits. Those attendees who participate in a Breakfast Roundtable can add .9 CE Credits per roundtable. 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 American Academy of Actuaries.

UNIVERSITY OF CAS (UCAS)

UCAS Logo

The CAS enables members to earn continuing education credits through its UCAS online service. Visit the University of CAS to begin this experience in education. UCAS provides a virtual world of opportunities to help enhance your professional education needs. Through capture of live content from CAS meetings and seminars, UCAS will offer a variety of session presentations, audio recordings, podcasts, and recorded Webinars.

Please visit the UCAS Web Site for more information.

CONSENT TO USE OF MULTIMEDIA

Registration and attendance at or participation in CAS meetings, seminars, and other activities constitutes an agreement by the registrant to the CAS use and distribution (both now and in the future) of the registrant or attendee’s image or voice in photographs, videotapes, electronic reproduction, and audiotapes of such events and activities.

PAPERLESS SEMINAR

Green seminars incorporate solutions designed to minimize negative impacts on the environment. The CAS has taken a step in that direction by making the RPM seminar “paperless,” which means:

  • Paper copies of session handouts will not be provided in the meeting rooms.
  • Paper copies of the list of attendees will not be distributed, though a few copies will be available for review at the RPM seminar registration desk.
  • Seminar evaluations will be administered electronically
  • Session slides will be posted on the RPM seminar Web Site in advance of the seminar so that attendees can download, print, and bring handouts as desired. Please note that not every presenter will choose to provide a presentation in advance for his/her session.

Once at the RPM Seminar, attendees are encouraged to view the list of attendees online, complete the online evaluation forms, and download presentations for the sessions they attend.

The CAS appreciates your participation in this effort to reduce the seminar’s carbon footprint and impact on the environment.

Suggested Attire

Business casual attire is suggested for all sessions, as well as the evening receptions on Monday and Tuesday. As meeting room temperatures and personal comfort levels may vary, it is recommended that you bring a sweater or jacket to the sessions.

In Chicago, the average high temperature during March is 47 degrees and the average low is 29 degrees.

 

Event registration

Online Registration is closed.

Please register onsite in Chicago, IL starting SUNDAY, MARCH 18, 2018 at 3pm.

Seminar Registration fees include all meeting materials, evening receptions on Monday and Tuesday, as well as continental breakfast, lunch and refreshment breaks on Tuesday and Wednesday.

The following registration options are offered:

  1. one full day of focused workshops; or
  2. two days of traditional general/concurrent sessions; or
  3. both the focused workshops and the traditional two day seminar.

SEMINAR REGISTRATION FEES

When registering for this event online, please select your reg type to see the event fees available.

Note: Registration form is best viewed in Internet Explorer.

All registration fees listed are in U.S. currency.

 

RECEIVED ON OR BEFORE FEBRUARY 19, 2018

RECEIVED AFTER FEBRUARY 19, 2018

CAS Member/CAS Candidate**/iCAS Members/Subscriber

$1025

$1225

Non-member

$1225

$1425

Member Government Employee

$513

$613

Non-Member Government Employee

$613

$713

Moderator/Panelist

$513

Moderator/Panelist non-member

Waived

Post-Event Session Recordings*

$50

* Post-Event Session Recordings are being made available to seminar attendees at a discounted rate of $50. Session recordings cover all or most of the sessions presented at the seminar.

** An Active Candidate is a Non-CAS Member who has attempted at least one actuarial exam in the last two years.

Registration fees for members of the CAS Academic Correspondent program and CAS academic members will be waived per the guidelines listed in the 2014 Yearbook and 2013 Proceedings.

Registrations received after February 19, 2018 will be subject to a $200 late fee. The CAS Office staff will send a confirmation by e-mail to all registrants.

WORKSHOPS

  • Workshop 1: Severe Weather Workshop
  • Workshop 2: Predictive Modeling with Generalized Linear Models Workshop
  • Workshop 3: Product Development Workshop
  • Workshop 4: Introduction to R Workshop
  • Workshop 5: Basic Ratemaking Workshop
  • Workshop 6: Advanced Predictive Modeling Workshop
  • Workshop 7: Capital Allocation and Risk/Reward Decision-Making in an ERM Framework Workshop

WORKSHOP FEES

Online Registration is closed.

Please register onsite in Chicago, IL starting SUNDAY, MARCH 18, 2018 at 3pm.

 

RECEIVED ON OR BEFORE FEBRUARY 19, 2018

RECEIVED AFTER FEBRUARY 19, 2018

Attending the Seminar

$725

$825

Not attending the Seminar (workshop only)

$925

$1025

Workshop RPM Speaker

Fee waived for workshop speakers

 

Registration Information

Online Registration is closed.

Please register onsite in Chicago, IL starting SUNDAY, MARCH 18, 2018 at 3pm.

Seminar Registration fees include all meeting materials, evening receptions on Monday and Tuesday, as well as continental breakfast, lunch and refreshment breaks on Tuesday and Wednesday.

The following registration options are offered:

  1. one full day of focused workshops; or
  2. two days of traditional general/concurrent sessions; or
  3. both the focused workshops and the traditional two day seminar.

SEMINAR REGISTRATION FEES

When registering for this event online, please select your reg type to see the event fees available.

Note: Registration form is best viewed in Internet Explorer.

All registration fees listed are in U.S. currency.

 

RECEIVED ON OR BEFORE FEBRUARY 19, 2018

RECEIVED AFTER FEBRUARY 19, 2018

CAS Member/CAS Candidate**/iCAS Members/Subscriber

$1025

$1225

Non-member

$1225

$1425

Member Government Employee

$513

$613

Non-Member Government Employee

$613

$713

Moderator/Panelist

$513

Moderator/Panelist non-member

Waived

Post-Event Session Recordings*

$50

* Post-Event Session Recordings are being made available to seminar attendees at a discounted rate of $50. Session recordings cover all or most of the sessions presented at the seminar.

** An Active Candidate is a Non-CAS Member who has attempted at least one actuarial exam in the last two years.

Registration fees for members of the CAS Academic Correspondent program and CAS academic members will be waived per the guidelines listed in the 2014 Yearbook and 2013 Proceedings.

Registrations received after February 19, 2018 will be subject to a $200 late fee. The CAS Office staff will send a confirmation by e-mail to all registrants.

WORKSHOPS

  • Workshop 1: Severe Weather Workshop
  • Workshop 2: Predictive Modeling with Generalized Linear Models Workshop
  • Workshop 3: Product Development Workshop
  • Workshop 4: Introduction to R Workshop
  • Workshop 5: Basic Ratemaking Workshop
  • Workshop 6: Advanced Predictive Modeling Workshop
  • Workshop 7: Capital Allocation and Risk/Reward Decision-Making in an ERM Framework Workshop

WORKSHOP FEES

Online Registration is closed.

Please register onsite in Chicago, IL starting SUNDAY, MARCH 18, 2018 at 3pm.

 

RECEIVED ON OR BEFORE FEBRUARY 19, 2018

RECEIVED AFTER FEBRUARY 19, 2018

Attending the Seminar

$725

$825

Not attending the Seminar (workshop only)

$925

$1025

Workshop RPM Speaker

Fee waived for workshop speakers

 

Program guide
Planning committee

Amy Juknelis, Chairperson
Howard A. Kunst, Vice Chairperson
Kelly K. Cusick, Vice Chairperson

Anusha Lakshmi Anantharaju
Sandra J. Callanan
Dana Tung Chang
Xi Chen
Brian Fannin
Guo Harrison
Donald F.J. Hendriks
Thomas Gerald Hess
Shengli Huang
Kathy Knudson
Eric Krafcheck
Madeline Main
Victoria Marciano
Jamie Mills
Brent Petzoldt
Pamela Sealand Reale
Jay Andrew Rosen
Gary C. Wang
Kiki Wang
Rina Wang
Jim Weiss
Rebecca R. Williams
Robert F. Wolf
Tyler Wykoff
Lin Xing
Josh Youdovin
Ronald Zaleski
Lijuan Zhang

 

Lodging

Fairmont Chicago, Millennium Park
200 North Columbus Drive
Chicago Illinois, United States 60601
TEL + 1 312 565 8000
FAX + 312 565 1143

Discover the Fairmont Chicago, Millennium Park hotel, where contemporary elegance blends seamlessly with a classic approach to luxury service. Just outside, your Windy City adventure awaits. The Art Institute and the Field Museum; Navy Pier and Chicago's Lakefront; acclaimed shopping along the Magnificent Mile; Chicago's theatre district; and the serene escape of Maggie Daley, Grant and Millennium Parks all intersect at one location: Fairmont Chicago, Millennium Park.

Experience this AAA Four-Diamond landmark, recognized for exceptional service and amenities on Condé Nast Traveler’s Top 15 Hotels in Chicago and US News and World Report. Fairmont Chicago, Millennium Park is honored to receive by Green Seal Silver Certification for our environmental efforts.

Important Notice Regarding Hotel Booking

Room rate: $219

ROOM RATE AND RESERVATIONS

The room rate is $219.00 for single/double room, plus taxes, and reservations must be made prior to February 19, 2018.

Reservations may be made online or via telephone:

  • Online Reservations
  • Phone: 1-800-526-2008 and refer to group as CAS or Casualty Actuarial Society.

A limited number of rooms have been reserved for the evenings of Sunday, March 18; Monday, March 19; and Tuesday, March 20.

While reservations must be made prior to February 19, 2018, in order to receive the $219.00 rate, there is no guarantee that rooms will be available should you wait until this date. The CAS strongly suggests that you make your room reservations early to receive a room before the room block fills.

IMPORTANT INFORMATION REGARDING OFFICIAL RPM SEMINAR HOTEL

The Casualty Actuarial Society is able to conduct high-quality seminars at desirable sites for a reasonable registration fee because a block of hotel rooms is reserved for meeting attendees. In exchange for filling the required number of sleeping rooms, the CAS is permitted to use the hotel's meeting space at no cost, thus keeping registration fees low. In addition, meeting attendees receive a reduced rate for their sleeping rooms over leisure travelers. We kindly request that all meeting attendees take advantage of the group rate and stay at the official RPM Seminar property, the Fairmont Chicago Millennium Park.

IMPORTANT NOTICE REGARDING HOTEL BOOKING

Regarding the 2018 Ratemaking, Product and Modeling (RPM) Seminar & Workshops, it has come to our attention that Housing Planners LLC is inaccurately representing itself as our "housing vendor" while contacting individuals in the CAS community, soliciting business. Specifically, Housing Planners LLC will offer to make hotel reservations within walking distance of the RPM hotel on your behalf, and sometimes also misrepresent that they are calling from the Fairmont Chicago.

CAS is not utilizing the services of any housing service for the Ratemaking, Product and Modeling (RPM) Seminar & Workshops.

Reservations for the RPM Seminar should be made directly with the hotel. If you provide your credit card information to any of these unauthorized vendors, your card may be charged but you may not have a reservation when you arrive in Chicago for the RPM Seminar.

If you have any questions about the CAS hotel block, or general questions about RPM, please contact Leanne Wieczorek, Meeting Planner, at 703-276-3100 or lwieczorek@casact.org.

 

Sponsors

Get exposure for your company by sponsoring or exhibiting at the RPM Seminar. A table-top exhibit is an excellent value and allows you to showcase your products and services to an expected audience of 500 risk professionals. A sponsorship allows your company to stand out among a sea of competitors. Do not delay, as opportunities are limited! Contact Katie Hettler at (703) 562-1722 or khettler@casact.org, for details on becoming an exhibitor and sponsor.

Download the Prospectus

DIAMOND PARTNER, EXHIBITOR

D.W. SIMPSON

DW Simpson Logo

DW Simpson Global Actuarial Recruitment specializes in the placement of actuaries. Established in 1989, we work on an international basis and at all levels of experience from Actuarial Student to Fellowship. This encompasses actuaries with expertise in Life, Health, Pension, and Property & Casualty. We have a professional staff of 60 and are the largest firm exclusively placing actuaries.

Our mission is to be the premier executive recruiting firm specializing in the placement of actuaries and risk professionals; to be recognized for the service, integrity and forthrightness that the firm brings to each business relationship; and to be willing at all times to sacrifice short-term gain for the long-term good and prosperity of our clients, our candidates and, as a result, our organization as well.

DIAMOND PARTNER, EXHIBITOR

EZRA PENLAND ACTUARIAL RECRUITMENT

Ezra Penland LogoEzra Penland Actuarial Recruitment was established by Sally Ezra and Claude Penland, ACAS, MAAA, partners with over 40 years of combined industry experience. With the industry's leading actuarial salary surveys and a rapidly growing actuarial recruiting staff, our goal is to be the top actuarial recruitment firm in the world while serving the long-term needs of clients and actuaries.

Our educated, knowledgeable and highly-trained staff will always exhibit business ethics, integrity, empathy and strong listening skills to help you reach your business goals. Ezra Penland works on both retained and contingent searches at all levels of actuarial analysts, credentialed actuaries and senior roles.

DIAMOND PARTNER, EXHIBITOR

MILLIMAN

Milliman logo

Milliman is a global consulting firm with extensive expertise in all lines of insurance. Our Property and Casualty practice provides clients with industry leading pricing, underwriting, claims, and marketing analysis utilizing advanced machine learning and predictive modeling methods. The firm's reserving software, Arius®, offers some of the industry's most advanced reserving capabilities, combining both stochastic and deterministic tools. PixelTM, our new, state of the art competitive premium analytical platform, provides interactive metrics, charts and maps based on a big-picture view, a targeted drill-down into a specific segment, or anything in between. Milliman experts also provide consulting services in many key areas, such as the evaluation of loss and expense reserves, funding requirements, risk retention, insurance management and operations, financial analysis, claims and underwriting consulting, and reinsurance.

DIAMOND PARTNER, EXHIBITOR, GIVE AWAY ITEM SPONSOR

PRYOR ASSOCIATES EXECUTIVE SEARCH

Pryor Associates Executive Search"It Takes One To Know One...An Actuary Placing Actuaries"

Named a top recruiting firm by Dun & Bradstreet, Pryor has 40 years of insurance (P&C, Health, Life, Pensions & Investments) experience.

Pauline Reimer, ASA, MAAA, has headed the Actuarial Placement Division since 1986, after working as an actuary in insurance and consulting firms. Proudly the CAS's first Platinum Partner, she is also on the SoA's Entrepreneurial Section Council, the Executive Board of ASNY, and the Advisory Boards of both Columbia University's MS in Actuarial Science program and New York University's BS in Actuarial Science program.

Quoted in periodicals and television, Pauline handles each step of every actuarial assignment personally—no client is ever relegated to just an Assistant. Her impressive placement records of 99% retention rate and 100% success ratio in retained searches confirm her status as one of the most successful actuarial recruiters worldwide.

PLATINUM PARTNER, EXHIBITOR, ROOM KEY SPONSOR

PINNACLE ACTUARIAL RESOURCES, INC.

Pinnacle Actuarial Resources Logo

Pinnacle Actuarial Resources, Inc. is an independent actuarial consulting firm that ranks among the largest property/casualty actuarial firms in the US. Our superior communication, unmatched expertise and extraordinary customer service help you drive better business decisions. Our nationally-recognized team of predictive analytics consultants focuses on the specifics of your business to meet your pricing, underwriting, claims and marketing needs. We have completed numerous analytics projects for insurers of all sizes, and our combined experience in property-casualty insurance and financial services helps us deliver more than a model – we provide marketplace expertise to boost results. Pinnacle can develop specific predictive analytics applications or act as advisors to your predictive analytics team to ensure that your model is aligned with your business strategy.

Since Pinnacle has a commitment to knowledge transfer, we offer training so your team can learn how to apply both basic and state-of-the-art predictive analytics techniques. For more about Pinnacle's Commitment Beyond Numbers, please visit us at www.pinnacleactuaries.com.

PLATINUM PARTNER, EXHIBITOR, NETWORKING BREAKS SPONSOR

VERISK INSURANCE SOLUTIONS

Verisk  Insurance Solutions Logo

ISO, the flagship brand among the Verisk Analytics and Verisk Insurance Solutions family of companies, has been the benchmark for data, analytics and services for the property casualty industry throughout the last 45 years. Our insights are grounded in the largest data sets, expertise from foremost authorities in their fields, and collaboration with customers, government organizations, industry associations and regulatory bodies. Our unique customer-centric model offers leadership, innovation and unsurpassed guidance in the areas of loss costs, rules, forms, claims management, claims investigation, claims fraud, and compliance services.

PLATINUM PARTNER, EXHIBITOR

WILLIS TOWERS WATSON

Willis Towers Watson Logo

Willis Towers Watson (NASDAQ: WLTW ) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a path for growth. With roots dating to 1828, Willis Towers Watson has 39,000 employees in more than 120 territories. We design and deliver solutions that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique perspective allows us to see the critical intersections between talent, assets and ideas — the dynamic formula that drives business performance. Together, we unlock potential. Learn more at willistowerswatson.com.

 

GOLD PARTNER, EXHIBITOR

CARFAX

Pryor Associates Executive SearchCARFAX has built the most comprehensive vehicle history database ever assembled with over 15 billion records covering virtually all cars, light trucks, and SUVs manufactured in the U.S. since 1981. We provide vehicle data from more than 92,000 data sources, including all state DMVs and many police departments, service facilities, and collision centers.

Insurance carriers have evaluated over 300 tests to validate the significance of using CARFAX vehicle history data to predict future claim frequency and severity. Over 80% of the largest carriers, are currently using CARFAX data within their daily operations - underwriting, rating, and claims. CARFAX data allows insurers to take an in-depth look at each vehicle rather than looking at the "average" vehicle in a class according to a symbol. Our clients attract and retain the best customers while mitigating substantial risk, simply by utilizing detailed vehicle history.

More information leads to better decisions so contact us at 703-731-5665 or visit CarfaxBIG.com to learn more about specific applications for your business and to take advantage of our discounted corporate rates.

GOLD PARTNER, EXHIBITOR

RED MOUNTAIN TECHNOLOGIES

EYRed Mountain Technologies specializes in reliable automotive data for insurers across the country with AutoCheck's Vehicle History Service. We use the latest technology, to provide our customers insightful and in-depth data to make well informed underwriting and rating decisions about vehicles. The AutoCheck Vehicle History database is the most comprehensive vehicle background check available. This manifests itself clearly in the superior data quality by acquiring data from thousands of sources, including exclusive accident and structural damage data elements that are important for identifying problem vehicles. Along with providing vehicle history data, Red Mountain is able to assist their customers with technical and analytical support when using AutoCheck Vehicle history as a underwriting\pricing solution.

SILVER PARTNER, MOBILE APP SPONSOR, GIVE AWAY ITEM SPONSOR, EXHIBITOR

EARNIX

Earnix Logo

Earnix provides advanced analytics solutions designed for the insurance industry, which delivers significant results by integrating data-driven decision-making into the business process. We enable insurers to better compete in a new environment of highly personalized services by using advanced analytics to determine pricing and other offer components. Our integrated technology platform provides users with the most comprehensive set of tools, including machine learning capabilities, and is often connected to real-time production systems. Earnix has extensive experience providing solutions to the world’s most sophisticated insurers around the globe, and has a track record of empowering executives to act quickly and confidently, making a direct and measurable impact on their key performance indicators.

SILVER PARTNER, LUNCHEON SPONSOR, GIVEAWAY ITEM SPONSOR

EY

EY is a recognized leader in providing insurance and actuarial advisory services to life, health, property and casualty insurers and reinsurers. Our dedicated team of professionals span many disciplines and offer a well-rounded understanding of business issues and opportunities for our clients. We deliver high quality, multi-disciplinary and creative business solutions to the industry. Learn more at http://www.ey.com/us/actuarial.

 

 

 

SILVER PARTNER, EXHIBITOR, LIVE STREAM EVENT SPONSOR, GIVE AWAY ITEM SPONSOR

GROSS CONSULTING

Gross Consulting Logo

Gross Consulting has expertise across a wide range of property-casualty issues including reserving, pricing, capital modeling, reinsurance analysis, catastrophe risk management, predictive modeling, and enterprise risk management and provides consulting services across the industry.

Gross Consulting also offers its Cognalysis Software products, a suite of powerful software solutions for P&C actuaries, including its exciting new product: Cognalysis CLCM™ (Claim Life Cycle Model).

Cognalysis CLCM™ is a one-of-a-kind, revolutionary approach to understanding insurance results like never before. By applying predictive modeling techniques across the full life cycle of each individual claim, and then simulating projected results into the future, Cognalysis CLCM™ provides powerful insight into actuarial reserving, pricing, risk management and more.

SILVER PARTNER, EXHIBITOR, CHARGING STATION SPONSOR, WIFI SPONSOR

LEXISNEXIS

LexisNexisAt LexisNexis Risk Solutions, we believe in the power of data and advanced analytics for better risk management. With over 40 years of expertise, we are the trusted data analytics provider for organizations seeking actionable insights to manage risks and improve results while upholding the highest standards for security and privacy. Headquartered in metro Atlanta, LexisNexis Risk Solutions serves customers in more than 100 countries and is part of RELX Group plc, a world-leading provider of information and analytics for professional and business customers across industries. For more information, please visit www.lexisnexisrisk.com.

EXHIBITOR, RECEPTION SPONSOR, GIVEAWAY ITEM SPONSOR

THE CAS INSTITUTE (ICAS)

The CAS Institute Logo

The CAS Institute, or iCAS, is a subsidiary of the Casualty Actuarial Society offering new credentials and specialized professional education for quantitative professionals. iCAS specialty credentials are separate from actuarial credentials and are designed for any professional seeking specialized recognition in quantitative practice areas such as predictive analytics, data science and catastrophe model analytics. Professionals can leverage this recognition in order to enhance their skills, set themselves apart from other professionals, secure additional job duties, attract premium compensation and/or advance their careers.

The first credentials currently being developed and granted by The CAS Institute focus on predictive analytics and data science; additional credentials will follow in other areas of specialization such as catastrophe modeling, capital modeling and quantitative reinsurance analysis. The CAS has partnered with The Institutes, a leading global provider in education, to ensure that the iCAS credentialing process meets the highest standards of excellence in professional education. The CAS Institute began offering its programs in the latter part of 2016.

EXHIBITOR

CLYDE ANALYTICS

Clyde AnalyticshClyde Analytics offers a single, web-based insurance software application to support all your predictive modeling activities – from data analysis to model development to implementation. Users get enterprise power and features with desktop comfort and feel. Clyde's solution leverages modern, advanced technologies to create a productive, enjoyable self-service user experience. Most importantly, the enterprise nature of the solution allows users to generate and share output that can be deployed for impactful business results throughout your organization.

Clyde's principals have deep experience in P&C insurance and the company is built on the belief there is a better way to maximize the potential of analytics within insurance carriers. The Clyde team takes pride in improving its products and adding new features and functionality. They believe in active engagement with customers about their specific needs and incorporate feedback through a rapid development cycle.

Clyde's robust library of algorithms offers both traditional analytical approaches (GLM, clustering, and others) and industry-specific custom methods (machine learning, optimization and others) to promote user control and flexibility to address a wide-range of business questions.

Clyde helps clients unleash innovation within their organizations to perform analysis better & faster and use the output to drive business results. Customer success is the ultimate objective. Clyde puts the full power of analytics in the hands of users, where it belongs.

To learn more about Clyde Analytics, please visit www.clyde-analytics.com or email info@clyde-analytics.com.

EXHIBITOR, RECEPTION SPONSOR

DATAROBOT

DataRobotDataRobot provides the fastest path to the AI competence for organizations of all sizes through its Automated Machine Learning platform.

For any 21st-century insurance company - large, medium, or small, AI & machine learning has to be a core capability. From Distribution, Marketing, Underwriting to Claims & Operations - AI applications are driving profitable growth for companies through better and faster decisions and making their customers highly satisfied. With DataRobot platform, organizations develop, integrate, and operationalize AI applications across all core functions. Moreover, DataRobot offers on-demand strategic advisory and AI courses for executives and analysts. This moves them significantly in the AI-competence maturity curve.

Founded in 2012, and built by insurance veterans with more than 100+ years of combined experience from several F100 companies, DataRobot raised $125 million in funding, grew to a 300+ organization, and has a global customer base that covers a large number of global F500 companies from a variety of industries. Please visit www.datarobot.com/insurance for more information, a product demo, or simply chat with one of our industry experts.

EXHIBITOR

GUIDEWIRE

GuidewireGuidewire delivers the software that Property/Casualty (P/C) insurers need to adapt and succeed in a time of rapid industry change. We combine three elements - core processing, data and analytics, and digital engagement - into a technology platform that enhances insurers' ability to engage and empower their customers and employees. More than 200 P/C insurers around the world have selected Guidewire. For more information, please visit www.guidewire.com and follow us on twitter: @Guidewire_PandC.

EXHIBITOR

INSURANCE DATA MANAGEMENT ASSOCIATION (IDMA)

Insurance Data Management Association (IDMA)The Insurance Data Management Association(IDMA) is an independent nonprofit professional association dedicated to increasing the level of professionalism, knowledge and visibility of insurance data management through education, research, annual forums, local chapters meetings, news bulletins, and peer-to-peer networking.

IDMA's offerings include, but are not limited to, the following:

  • Certification programs and educational training workshop in insurance data and information management.
  • Annual conference and regional chapters meetings throughout the United States to discuss the latest trends and technologies impacting the insurance and financial services industry.
  • Quarterly newsletter
  • Social media platforms discussions

IDMA's 3,500 plus, and growing, members represent various segments of the insurance and financial services industry. Visit our website at www.idma.org for more information.

EXHIBITOR

THE INSTITUTES

EYThe Institutes are the leading provider of technical knowledge for the risk management and property-casualty insurance industry.

We are committed to developing innovative knowledge solutions for insurance professionals worldwide, covering functional areas such as underwriting, claims, risk management, and reinsurance. Our solutions include premier programs, such as the Chartered Property Casualty Underwriter (CPCU®) designation program; continuing education (CE); flexible online learning; and custom solutions.

The Institutes are affiliated with the CPCU Society, a community of credentialed insurance professionals, and The Griffith Insurance Education Foundation, a not-for-profit educational organization that promotes the study of risk management and insurance.

EXHIBITOR

JACOBSON

JacobsonThe Jacobson Group is the leading provider of talent to the insurance industry. For nearly 50 years, Jacobson has been connecting organizations with insurance professionals at all levels across all industry verticals. We provide an array of services including executive search, professional recruiting, temporary staffing and subject matter experts. In fact, we have more than 1,000 registered actuarial subject matter experts in our proprietary database, who provide on-demand actuarial expertise to meet our clients' interim, project-based and consulting-level needs. Regardless of the need or situation, Jacobson is the insurance talent solution.

EXHIBITOR

S&P GLOBAL MARKET INTELLIGENCE

S&P Global Market IntelligenceIn today’s competitive insurance market, firms need to understand their performance, the markets in which they operate, and how to position themselves going forward. Our tools, tailored specifically for the Insurance market, make S&P Global Market Intelligence your go-to source for essential insights to understand your firm’s performance and the markets you operate in.

EXHIBITOR

VALEN ANALYTICS

Valen AnalyticsValen Analytics, an Insurity company, is a provider of proprietary data, analytics and predictive modeling for property and casualty insurers. We work with insurers who are actively looking to utilize modern approaches to pricing, risk selection, claims triage, and premium fraud. Our customers are focused on increasing competitive pressures, fighting adverse selection with innovative solutions, and raising awareness for the impending "experience gap" with initiatives such as Insurance Careers Month. Our customers span many lines of business including Homeowners, Personal Auto, Workers' Compensation, Commercial Auto, Commercial Package, Commercial Property, and BOP. Learn more about Valen at www.valen.com.

EXHIBITOR

THE ACTUARIAL FOUNDATION

The Actuarial FoundationUsing the unique skills and incredible generosity of actuaries, The Actuarial Foundation is improving America’s financial literacy and math education by providing free resources and scholarships. Visit us and learn about our newest programs- Math Motivators and Modeling the Future Challenge.

EXHIBITOR

CORELOGIC

CorelogicCoreLogic (NYSE: CLGX) is a leading property information, analytics and solutions provider in the United States and Australia. The company's combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. CoreLogic serves the real estate, mortgage finance, insurance, capital markets, transportation and government sectors. The company helps clients identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in seven countries. For more information, please visit www.corelogic.com.

 

Other information

https://www.casact.org/education/rpm/2018/LOA.pdf

 

ICAS PREDICTIVE ANALYTICS COMMUNITY OF PRACTICE EVENT

The CAS Institute (iCAS) is offering its second Predictive Analytics Community of Practice Event on Monday, March 19th. This full-day event, scheduled for 9:00 a.m. to 4:30 p.m., is designed for advanced practitioners working in the area of Predictive Analytics/Data Science, and will include panels, presentations, and roundtable discussions of advanced topics in predictive analytics both within and outside of the insurance fields.Registration preference will be given to iCAS members. Registration for the RPM Seminar is not a prerequisite of attendance.

Registration details and fees are below.

Modeled after last year’s successful Community of Practice Event, we are planning a series of short (50 -60 minute) sessions to allow for a variety of interests and topics. Some of the proposed topics include:

  • Bringing Actuarial Science into the Data Science Fold
  • Claims Analytics
  • Social Implications of Using Data
  • Data Preparation Tools
  • New (and classic) data science books we need to know about.
  • Research opportunities available to members of The CAS Institute
  • CSPA continuing education requirements

There will be multiple opportunities for networking, including at an iCAS-sponsored reception from 4:30-5:30 pm immediately following the Event.

REGISTRATION DETAILS AND FEES

IF YOU ARE A MEMBER OF BOTH ICAS AND CAS:

Please continue to RPM seminar registration and select "Member" as your registration type. You may register for both the iCAS Community of Practice Event and the RPM Seminar from there.

IF YOU ARE AN ICAS MEMBER AND NOT A CAS MEMBER AND ...

You ONLY want to attend the iCAS Community of Practice Event (Monday) = $350:

  •  
    • Click REGISTER to reach the online registration form.
    • Under Badge Information, select "iCAS Member" as your reg type.
    • Under Event Fees, select Workshop Only ($0)
    • Under Sessions, select iCASWRK1 ($350)

You want to attend BOTH the iCAS Community of Practice Event (Monday) = $350 AND the RPM Seminar (Tuesday & Wednesday):

  •  
    • Please view RPM registration fee chart below.
    • Click REGISTER to reach the online registration form.
    • Under Badge Information, select "iCAS Member" as your reg type.
    • Under Event Fees, select the appropriate RPM registration fee
    • Under Sessions, select iCASWRK1 ($350)

 


iCAS Member RPM Registration Fees

Received on or before February 19, 2018

Received after February 19, 2018

iCAS Member

$1025

$1225

iCAS Member Government Employee

$513

$613

Post Event Session Recordings*

$50

* Post-Event Recordings are being made available to conference attendees at a discounted rate of $50. Session recordings cover all or most of the session presented at the conference.

IF YOU ARE A NON-ICAS AND NON-CAS MEMBER AND ...

  • You ONLY want to attend the iCAS Community of Practice Event (Monday) = $600:
    • Click REGISTER  to reach the online registration form.
    • Under Badge Information, select "Non-Member" as your reg type.
    • Under Event Fees, select Workshop Only ($0)
    • Under Sessions, select iCASWRK1 ($600 = $350 event + $250 iCAS membership)
  • You want to attend BOTH the iCAS Community of Practice Event (Monday) = $600 AND the RPM Seminar (Tuesday & Wednesday):
    • Please view RPM registration fee chart below.
    • Click REGISTER to reach the online registration form.
    • Under Badge Information, select "Non-Member" as your reg type.
    • Under Event Fees, select the appropriate RPM registration fee
    • Under Sessions, select iCASWRK1 ($600 = $350 event + $250 iCAS membership)

 


Non-iCAS / Non-CAS Member RPM Registration Fees

Received on or before February 19, 2018

Received after February 19, 2018

Non-iCAS / Non-CAS Member

$1225

$1425

Non-iCAS / Non-CAS Member Government Employee

$613

$713

Post Event Session Recordings*

$50

* Post-Event Recordings are being made available to conference attendees at a discounted rate of $50. Session recordings cover all or most of the session presented at the conference.

 

General sessions

GENERAL SESSION 1: AUTO INSURANCE: 2028

Join us for a panel discussion on what Auto Insurance might look like in 2028. Industry experts will discuss legal considerations, things traditional insurers should be considering, auto industry developments, start-up perspectives and more!

Moderator:
Donald Mango, Adjunct Lecturer, Columbia University
Panelists:
Tom Karol, General Counsel-Federal Affairs, National Association of Mutual Insurance Companies
Matthew Moore, Senior Vice President, Highway Loss Data Institute
Chris Mullen, Director - Technology Research, State Farm
Alexander Timm, Root Insurance Company

GENERAL SESSION 2: WHAT IS REAL? UNLOCKING THE POSITIONS OF BUSINESS PARTNERS TO CREATE WINNING CONDITIONS AND ACHIEVE MAXIMUM IMPACT

Christine Hofbeck, FSA, MAAA

As actuaries and other professionals advance throughout their careers, they can achieve greater levels of success and faster progression by being able to identify ‘What is Real?’ In this presentation, Christine will help attendees diagnose and respond to the real motivations and positions of colleagues and business partners both internal and external to their organizations and professional circles for more effective communication, stronger relationships, and increased likelihood of success. Christine will share personal stories drawn directly from her professional actuarial career and her participation on a reality television show to illustrate various considerations for optimal interactions and outcomes. We can all create winning conditions if we can learn to recognize, identify, and understand ‘What is Real?’

Biography
Christine has been an actuary for 25 years, working across a breadth of areas including Life (retirement & group insurance) and Property & Casualty (consumer & commercial). She specializes in building predictive analytics and advanced pricing capabilities for large global insurers. Her work has been featured in publications including The Actuary, Sync magazine, and National Geographic’s documentary television series Breakthrough. She holds degrees from the University of Pennsylvania and MIT, and currently serves on the Society of Actuaries Executive Board of Directors.

Christine (“Chrissy”) also competed on season 35 of CBS’s hit reality TV show, SURVIVOR: Heroes vs Healers vs Hustlers, which aired in the fall of 2017. Despite being the oldest player in the game, she placed 2nd overall and tied the record for the most individual immunity wins by a woman in Survivor history. She also won "Player of the Season" in a landslide vote by Survivor fans.

 

Workshops

WORKSHOP 1: SEVERE WEATHER

This popular workshop gives the attendees an opportunity to learn more about how Natural Catastrophe Models are developed and used within Property and Casualty Insurance. The workshop starts with a series of sessions that will explore the science underlying three Catastrophe Models (Hurricane, Flood, and Climate Change), with an opportunity for a Q&A session with representatives from Cat modeling firms. The afternoon will include sessions that explore how weather information is being used in the insurance industry, focusing in on current topics of interest.

WORKSHOP 2: PREDICTIVE MODELING WITH GENERALIZED LINEAR MODELS

*A Laptop is required for this workshop and a maximum of 40 participants will be allowed.

This popular, hands-on, interactive predictive modeling workshop has been offered at the RPM seminar now for several years. It will be conducted exclusively in the R statistical computing language, which is widely adopted by statisticians and data scientists.

The course will provide a refresher of regression theory before proceeding to a variety of practical modeling applications and case studies. The focus will be on generalized linear models (GLMs) — their specification, interpretation, and validation. A variety of distributions will be covered, including classical, Poisson, logistic, gamma, and Tweedie. Other topics will be discussed and illustrated as time permits. All datasets will be distributed to attendees prior to the seminar.

Important note: familiarity with R is assumed. An "introduction to R" presentation will be distributed before the seminar which will contain a primer on basic features and statistical functions, as well as installation instructions, that will enable beginners to get up to speed. While R beginners are encouraged to attend, they should make some attempt to become comfortable with the language prior to the workshop. This workshop has been designed for beginning predictive modelers, but more experienced modelers seeking a refresher or a deeper working knowledge of R have attended past workshops and expressed satisfaction with the coverage of topics.

WORKSHOP 3: PRODUCT MANAGEMENT WORKSHOP

This workshop will explore the different stages of the product lifecycle – from ideation through design, development, and launch – with hands-on exercises for the attendee. Industry leaders will serve as facilitators to review the various stages of the product development lifecycle and to help guide the attendees through the realities of developing an insurance product. Attendees will work in teams to develop fictitious products that will be integrated into the product development lifecycle stage discussions.

WORKSHOP 4: INTRODUCTION TO R

*A Laptop is required for this workshop and a maximum of 40 participants will be allowed.

Are you one of the millions of actuaries around the world who wish they could draw maps showing the progress of hurricanes, fit generalized linear models to predict sporting events, create complex Monte Carlo simulations, or fit loss distributions? Or maybe you’re the sort of person who wants to fit a stochastic reserving model and have a computer display stacks of pretty pictures for you. Do you want one point of access for all of your Excel, text, database and web-based data? Are you fascinated by programmers whose first names begin with the letter “R”?

If that’s the sort of person you are, this is the workshop for you. And if none of those people is you, maybe all you want is to be able to get R to work for your computer. We can take care of that too.

R is the single most important technological advance for actuaries since the invention of the pocket calculator. Come see what all the fuss is about.

WORKSHOP 5: BASIC RATEMAKING

The Basic Ratemaking Workshop offers an understanding of the basic concepts and practices needed for ratemaking. These concepts include how to calculate an overall indication, how to calculate indications for various rating plans and consider data on a multivariate basis, estimating claim liabilities and large account pricing. The workshop is designed for Product Managers and Actuarial Students who have not sat for Exam 5. The sessions for the workshop will provide a basic understanding of the learning objectives that are on Exam 5.

Part 1: Fundamental Insurance Equations

This session will go over the process for developing a rate indication. Participants will gain familiarity with the steps and adjustments needed. Considerations such as loss development, trend, credibility, etc will be discussed.

Part 2: Ratemaking Relativities

This session will examine the reasons and some methods that actuaries use to allocate overall average rates to various subdivisions of a line of business. Some of the methods discussed will consist of univariate, multivariate, and generalized linear modeling techniques.

Part 3: Estimating Claim Liabilities

The session will focus on estimating claim liabilities including development factor techniques, advantages and disadvantages of different methods, and diagnostics of the various methods.

Part 4: Large Account Pricing

This session will examine the differences between large accounts and small accounts, and how they can and should be treated differently from an insurance pricing perspective. Participants will be introduced to pricing methods that both utilize the increased credibility of large account experience and recognize the uniqueness of each risk. Specifically, this session will serve as an introduction to experience rating, schedule rating, and retrospective rating.

WORKSHOP 6: ADVANCED PREDICTIVE MODELING

*A laptop is required for this workshop and there will be a maximum of 40 participants.

Although the Generalized Linear Model (GLM) is a natural foundation for much actuarial work, it is best viewed as a starting point, not the last word on the subject. This day-long, hands-on workshop will discuss a variety of statistical learning methods that either refine or serve as complements to the GLM framework.

Methods for capturing potentially complex non-linear relationships, integrating credibility, tree-based modeling, and machine learning techniques will all be covered in this workshop. Core themes such as the bias-variance tradeoff and cross-validation will be woven throughout the presentation. Attendees will develop a better understanding of more advanced modeling techniques including Generalized Additive Models (GAMs), Hierarchical Models, Penalized Regression (Ridge, Lasso, Elastic Net), CART, random forests, boosting and bagging.

The workshop will assume a working knowledge of GLM modeling.

WORKSHOP 7: CAPITAL ALLOCATION AND RISK/REWARD DECISION-MAKING IN AN ERM FRAMEWORK

*A laptop is required for this workshop.

This workshop will discuss aspects as developed by Merton-Perold, Myers-Read, Mango's asset share model, and the RMK procedures. Also considered will be current research as it relates to how actual capital should perhaps be considered in percentile layers and/or traunches, based on the risk metrics considered.

A laptop is needed for participation in this session as we will have hands-on technical sessions where the audience will be charged with an exercise in allocating capital to lines of business considering various methods. Participants will work in groups to make strategic recommendations based on their respective results. Role playing will be involved. Attendees will have access to data in advance.

 

Schedule

 

SUNDAY, MARCH 18, 2018

3:00 p.m. – 5:00 p.m.

RPM Workshop Registration

MONDAY, MARCH 19, 2018

8:00 a.m. – 2:00 p.m.

RPM Workshop Registration

8:00 a.m. – 9:00 a.m.

Workshop Breakfast

9:00a.m. – 5:00p.m.

RPM Workshops 1-7

9:00 a.m. – 5:00p.m.

iCAS Community of Practice

3:00 p.m. – 6:00 p.m.

Seminar Registration

5:00 p.m. – 6:00 p.m.

Welcome Reception with Exhibits

TUESDAY, MARCH 20, 2018

7:00 a.m. – 6:30 p.m.

Registration

7:00 a.m. – 8:00 a.m.

Continental Breakfast with Exhibits

7:00a.m. – 7:45a.m.

Roundtable Discussions

8:00 a.m. – 9:45 a.m.

Opening Session/iCAS Recognition Ceremony/Keynote Address

8:00 a.m. – 3:30 p.m.

Student Program

9:45 a.m. – 10:15 a.m.

Refreshment Break with Exhibits

10:15 a.m. – 11:30 a.m.

Concurrent Sessions 1

11:30 a.m. – 12:30 p.m.

Luncheon

12:30 p.m. – 1:45 p.m.

Concurrent Sessions 2

1:45 p.m. – 2:15 p.m.

Networking Break with Exhibits

2:15 p.m. – 3:30 p.m.

Concurrent Sessions 3

3:30 p.m. – 4:00 p.m.

Networking and Refreshment Break with Exhibits

4:00 p.m. – 5:15 p.m.

Concurrent Sessions 4

5:30p.m. – 7:00p.m.

Reception with Exhibits

WEDNESDAY, MARCH 21, 2018

7:00 a.m. – 2:00 p.m.

Seminar Registration

7:00 a.m. – 8:00 a.m.

Continental Breakfast with Exhibits

8:00 a.m. – 9:15 a.m.

Concurrent Sessions 5

9:15 a.m. – 9:45 a.m.

Networking/Transition Break

9:45 a.m. – 11:00 a.m.

Concurrent Sessions 6

11:00 a.m. – 11:30 a.m.

Networking and Refreshment Break with Exhibits

11:30 a.m. – 12:45 p.m.

Concurrent Sessions 7

12:45 p.m. – 1:30 p.m.

Box Lunch with Exhibits

1:30p.m. – 2:45p.m.

General Session/Closing

 

Receptions and roundtables

DINNER GROUPS

March 20

Not sure what to do with your free evening? Sign up for a dinner group and explore Chicago’s culinary scene with other attendees from the RPM Seminar. This is a great networking opportunity! The dinner group will meet at the Seminar Registration Desk 30 minutes before the time of the dinner reservation and walk together to the restaurant.

Online signup has closed. Please signup on-site.

Participants are responsible for their own expenses.

Please note that Dinner Groups are purely for informal networking and not third-party business.

Howells and Hood - Menu
Cuisine: Gastro Pub
Approximately 10 minute walk from the Fairmont Chicago Millennium
Walking Directions
Price: $30 and under
Reservation Time: 7:30 pm (Meet at the Seminar Registration Desk by 7:00 pm)
An exceptional Michigan Avenue restaurant in a Chicago landmark. Nestled at the base of Chicago's legendary Tribune Tower, this stunning restaurant is a vibrant addition to Michigan Avenue and downtown Chicago. Incorporating signature Tribune elements into our design, Howells & Hood pays homage to John Howells and Raymond Hood, architects of the Neo-Gothic landmark. With a Modern American food menu, the largest craft beer selection in Chicago, and impressive staff, Howells & Hood is sure to delight foodies and beer lovers alike.

Broken English Taco Pub - Menu
Cuisine: Taco Pub
Approximately 7 minute walk from the Fairmont Chicago Millennium
Walking Directions
Price: $30 and under
Reservation Time: 7:30 pm (Meet at the Seminar Registration Desk by 7:00 pm)

From the minds of Adolfo Garcia (Son of a Butcher, Pearl Tavern) and long-time restaurateur, Phil Stefani, comes Broken English taco pub. Located on the corner of Michigan Avenue and Lake Street, Broken English is steps away from Millennium Park, and in the center of the new vibrant hotel and residential area.

On the name, Garcia says, “I speak English with my friends, and I often find myself mixing in Spanish words because there are some phrases that simply don’t translate to English. This happens in many other languages and cultures, but that is what makes the name ‘Broken English’ fun – it is part of our daily slang.”

 

General sessions

GENERAL SESSION 1: AUTO INSURANCE: 2028

Join us for a panel discussion on what Auto Insurance might look like in 2028. Industry experts will discuss legal considerations, things traditional insurers should be considering, auto industry developments, start-up perspectives and more!

Moderator:
Donald Mango, Adjunct Lecturer, Columbia University
Panelists:
Tom Karol, General Counsel-Federal Affairs, National Association of Mutual Insurance Companies
Matthew Moore, Senior Vice President, Highway Loss Data Institute
Chris Mullen, Director - Technology Research, State Farm
Alexander Timm, Root Insurance Company

GENERAL SESSION 2: WHAT IS REAL? UNLOCKING THE POSITIONS OF BUSINESS PARTNERS TO CREATE WINNING CONDITIONS AND ACHIEVE MAXIMUM IMPACT

Christine Hofbeck, FSA, MAAA

As actuaries and other professionals advance throughout their careers, they can achieve greater levels of success and faster progression by being able to identify ‘What is Real?’ In this presentation, Christine will help attendees diagnose and respond to the real motivations and positions of colleagues and business partners both internal and external to their organizations and professional circles for more effective communication, stronger relationships, and increased likelihood of success. Christine will share personal stories drawn directly from her professional actuarial career and her participation on a reality television show to illustrate various considerations for optimal interactions and outcomes. We can all create winning conditions if we can learn to recognize, identify, and understand ‘What is Real?’

Biography
Christine has been an actuary for 25 years, working across a breadth of areas including Life (retirement & group insurance) and Property & Casualty (consumer & commercial). She specializes in building predictive analytics and advanced pricing capabilities for large global insurers. Her work has been featured in publications including The Actuary, Sync magazine, and National Geographic’s documentary television series Breakthrough. She holds degrees from the University of Pennsylvania and MIT, and currently serves on the Society of Actuaries Executive Board of Directors.

Christine (“Chrissy”) also competed on season 35 of CBS’s hit reality TV show, SURVIVOR: Heroes vs Healers vs Hustlers, which aired in the fall of 2017. Despite being the oldest player in the game, she placed 2nd overall and tied the record for the most individual immunity wins by a woman in Survivor history. She also won "Player of the Season" in a landslide vote by Survivor fans.

 

Workshops

WORKSHOP 1: SEVERE WEATHER

This popular workshop gives the attendees an opportunity to learn more about how Natural Catastrophe Models are developed and used within Property and Casualty Insurance. The workshop starts with a series of sessions that will explore the science underlying three Catastrophe Models (Hurricane, Flood, and Climate Change), with an opportunity for a Q&A session with representatives from Cat modeling firms. The afternoon will include sessions that explore how weather information is being used in the insurance industry, focusing in on current topics of interest.

WORKSHOP 2: PREDICTIVE MODELING WITH GENERALIZED LINEAR MODELS

*A Laptop is required for this workshop and a maximum of 40 participants will be allowed.

This popular, hands-on, interactive predictive modeling workshop has been offered at the RPM seminar now for several years. It will be conducted exclusively in the R statistical computing language, which is widely adopted by statisticians and data scientists.

The course will provide a refresher of regression theory before proceeding to a variety of practical modeling applications and case studies. The focus will be on generalized linear models (GLMs) — their specification, interpretation, and validation. A variety of distributions will be covered, including classical, Poisson, logistic, gamma, and Tweedie. Other topics will be discussed and illustrated as time permits. All datasets will be distributed to attendees prior to the seminar.

Important note: familiarity with R is assumed. An "introduction to R" presentation will be distributed before the seminar which will contain a primer on basic features and statistical functions, as well as installation instructions, that will enable beginners to get up to speed. While R beginners are encouraged to attend, they should make some attempt to become comfortable with the language prior to the workshop. This workshop has been designed for beginning predictive modelers, but more experienced modelers seeking a refresher or a deeper working knowledge of R have attended past workshops and expressed satisfaction with the coverage of topics.

WORKSHOP 3: PRODUCT MANAGEMENT WORKSHOP

This workshop will explore the different stages of the product lifecycle – from ideation through design, development, and launch – with hands-on exercises for the attendee. Industry leaders will serve as facilitators to review the various stages of the product development lifecycle and to help guide the attendees through the realities of developing an insurance product. Attendees will work in teams to develop fictitious products that will be integrated into the product development lifecycle stage discussions.

WORKSHOP 4: INTRODUCTION TO R

*A Laptop is required for this workshop and a maximum of 40 participants will be allowed.

Are you one of the millions of actuaries around the world who wish they could draw maps showing the progress of hurricanes, fit generalized linear models to predict sporting events, create complex Monte Carlo simulations, or fit loss distributions? Or maybe you’re the sort of person who wants to fit a stochastic reserving model and have a computer display stacks of pretty pictures for you. Do you want one point of access for all of your Excel, text, database and web-based data? Are you fascinated by programmers whose first names begin with the letter “R”?

If that’s the sort of person you are, this is the workshop for you. And if none of those people is you, maybe all you want is to be able to get R to work for your computer. We can take care of that too.

R is the single most important technological advance for actuaries since the invention of the pocket calculator. Come see what all the fuss is about.

WORKSHOP 5: BASIC RATEMAKING

The Basic Ratemaking Workshop offers an understanding of the basic concepts and practices needed for ratemaking. These concepts include how to calculate an overall indication, how to calculate indications for various rating plans and consider data on a multivariate basis, estimating claim liabilities and large account pricing. The workshop is designed for Product Managers and Actuarial Students who have not sat for Exam 5. The sessions for the workshop will provide a basic understanding of the learning objectives that are on Exam 5.

Part 1: Fundamental Insurance Equations

This session will go over the process for developing a rate indication. Participants will gain familiarity with the steps and adjustments needed. Considerations such as loss development, trend, credibility, etc will be discussed.

Part 2: Ratemaking Relativities

This session will examine the reasons and some methods that actuaries use to allocate overall average rates to various subdivisions of a line of business. Some of the methods discussed will consist of univariate, multivariate, and generalized linear modeling techniques.

Part 3: Estimating Claim Liabilities

The session will focus on estimating claim liabilities including development factor techniques, advantages and disadvantages of different methods, and diagnostics of the various methods.

Part 4: Large Account Pricing

This session will examine the differences between large accounts and small accounts, and how they can and should be treated differently from an insurance pricing perspective. Participants will be introduced to pricing methods that both utilize the increased credibility of large account experience and recognize the uniqueness of each risk. Specifically, this session will serve as an introduction to experience rating, schedule rating, and retrospective rating.

WORKSHOP 6: ADVANCED PREDICTIVE MODELING

*A laptop is required for this workshop and there will be a maximum of 40 participants.

Although the Generalized Linear Model (GLM) is a natural foundation for much actuarial work, it is best viewed as a starting point, not the last word on the subject. This day-long, hands-on workshop will discuss a variety of statistical learning methods that either refine or serve as complements to the GLM framework.

Methods for capturing potentially complex non-linear relationships, integrating credibility, tree-based modeling, and machine learning techniques will all be covered in this workshop. Core themes such as the bias-variance tradeoff and cross-validation will be woven throughout the presentation. Attendees will develop a better understanding of more advanced modeling techniques including Generalized Additive Models (GAMs), Hierarchical Models, Penalized Regression (Ridge, Lasso, Elastic Net), CART, random forests, boosting and bagging.

The workshop will assume a working knowledge of GLM modeling.

WORKSHOP 7: CAPITAL ALLOCATION AND RISK/REWARD DECISION-MAKING IN AN ERM FRAMEWORK

*A laptop is required for this workshop.

This workshop will discuss aspects as developed by Merton-Perold, Myers-Read, Mango's asset share model, and the RMK procedures. Also considered will be current research as it relates to how actual capital should perhaps be considered in percentile layers and/or traunches, based on the risk metrics considered.

A laptop is needed for participation in this session as we will have hands-on technical sessions where the audience will be charged with an exercise in allocating capital to lines of business considering various methods. Participants will work in groups to make strategic recommendations based on their respective results. Role playing will be involved. Attendees will have access to data in advance.

 

Schedule

 

SUNDAY, MARCH 18, 2018

3:00 p.m. – 5:00 p.m.

RPM Workshop Registration

MONDAY, MARCH 19, 2018

8:00 a.m. – 2:00 p.m.

RPM Workshop Registration

8:00 a.m. – 9:00 a.m.

Workshop Breakfast

9:00a.m. – 5:00p.m.

RPM Workshops 1-7

9:00 a.m. – 5:00p.m.

iCAS Community of Practice

3:00 p.m. – 6:00 p.m.

Seminar Registration

5:00 p.m. – 6:00 p.m.

Welcome Reception with Exhibits

TUESDAY, MARCH 20, 2018

7:00 a.m. – 6:30 p.m.

Registration

7:00 a.m. – 8:00 a.m.

Continental Breakfast with Exhibits

7:00a.m. – 7:45a.m.

Roundtable Discussions

8:00 a.m. – 9:45 a.m.

Opening Session/iCAS Recognition Ceremony/Keynote Address

8:00 a.m. – 3:30 p.m.

Student Program

9:45 a.m. – 10:15 a.m.

Refreshment Break with Exhibits

10:15 a.m. – 11:30 a.m.

Concurrent Sessions 1

11:30 a.m. – 12:30 p.m.

Luncheon

12:30 p.m. – 1:45 p.m.

Concurrent Sessions 2

1:45 p.m. – 2:15 p.m.

Networking Break with Exhibits

2:15 p.m. – 3:30 p.m.

Concurrent Sessions 3

3:30 p.m. – 4:00 p.m.

Networking and Refreshment Break with Exhibits

4:00 p.m. – 5:15 p.m.

Concurrent Sessions 4

5:30p.m. – 7:00p.m.

Reception with Exhibits

WEDNESDAY, MARCH 21, 2018

7:00 a.m. – 2:00 p.m.

Seminar Registration

7:00 a.m. – 8:00 a.m.

Continental Breakfast with Exhibits

8:00 a.m. – 9:15 a.m.

Concurrent Sessions 5

9:15 a.m. – 9:45 a.m.

Networking/Transition Break

9:45 a.m. – 11:00 a.m.

Concurrent Sessions 6

11:00 a.m. – 11:30 a.m.

Networking and Refreshment Break with Exhibits

11:30 a.m. – 12:45 p.m.

Concurrent Sessions 7

12:45 p.m. – 1:30 p.m.

Box Lunch with Exhibits

1:30p.m. – 2:45p.m.

General Session/Closing

 

Receptions and roundtables

DINNER GROUPS

March 20

Not sure what to do with your free evening? Sign up for a dinner group and explore Chicago’s culinary scene with other attendees from the RPM Seminar. This is a great networking opportunity! The dinner group will meet at the Seminar Registration Desk 30 minutes before the time of the dinner reservation and walk together to the restaurant.

Online signup has closed. Please signup on-site.

Participants are responsible for their own expenses.

Please note that Dinner Groups are purely for informal networking and not third-party business.

Howells and Hood - Menu
Cuisine: Gastro Pub
Approximately 10 minute walk from the Fairmont Chicago Millennium
Walking Directions
Price: $30 and under
Reservation Time: 7:30 pm (Meet at the Seminar Registration Desk by 7:00 pm)
An exceptional Michigan Avenue restaurant in a Chicago landmark. Nestled at the base of Chicago's legendary Tribune Tower, this stunning restaurant is a vibrant addition to Michigan Avenue and downtown Chicago. Incorporating signature Tribune elements into our design, Howells & Hood pays homage to John Howells and Raymond Hood, architects of the Neo-Gothic landmark. With a Modern American food menu, the largest craft beer selection in Chicago, and impressive staff, Howells & Hood is sure to delight foodies and beer lovers alike.

Broken English Taco Pub - Menu
Cuisine: Taco Pub
Approximately 7 minute walk from the Fairmont Chicago Millennium
Walking Directions
Price: $30 and under
Reservation Time: 7:30 pm (Meet at the Seminar Registration Desk by 7:00 pm)

From the minds of Adolfo Garcia (Son of a Butcher, Pearl Tavern) and long-time restaurateur, Phil Stefani, comes Broken English taco pub. Located on the corner of Michigan Avenue and Lake Street, Broken English is steps away from Millennium Park, and in the center of the new vibrant hotel and residential area.

On the name, Garcia says, “I speak English with my friends, and I often find myself mixing in Spanish words because there are some phrases that simply don’t translate to English. This happens in many other languages and cultures, but that is what makes the name ‘Broken English’ fun – it is part of our daily slang.”