Event Details
Virtual Conference
July 9, 2020
About This Event
The RPM Seminar Committee is putting on this two-day event with eight carefully curated sessions. You can register for one day or all two days at a discount. We have scheduled breaks and exhibit time to allow you to interact with other attendees and exhibitors or to take care of your own work.
SEMINAR OVERVIEW
This year the Casualty Actuarial Society is proud to present the Ratemaking, Product, and Modeling Seminar as a completely virtual event, July 28-29, 2020. This virtual meeting has opportunities for education, networking, and meeting with exhibitors, all in an immersive environment designed to make you feel like you are at an in-person meeting -- all with no travel, no additional expenses, and from the convenience of your own desk.
The RPM Seminar Committee is putting on this two-day event with eight carefully curated sessions. You can register for one day or all two days at a discount. We have scheduled breaks and exhibit time to allow you to interact with other attendees and exhibitors or to take care of your own work.
RPM VIRTUAL SEMINAR FEATURES
Lobby – This virtual hall will be your hub to all aspects of the event, including:
- Theater – Sessions will take place in a webinar-like theater
- Exhibit Hall – Connect with virtual exhibitors, view their materials, chat one-on-one with company reps, and win a prize in the exhibitor raffle
- Lounge – Network with other attendees at the virtual seminar, chat about specific topics or give your impressions of the sessions
- Resources – Download presentation materials for you to use in your work
- Help Desk – Get all your technical support questions answered at the staffed help desk
Also, participate in the badge game! Badges are given for being the most engaging attendee at the seminar. Compete with other attendees on the leaderboard!
CASUALTY ACTUARIAL SOCIETY'S ENVISIONED FUTURE (FROM THE CAS STRATEGIC PLAN)
The CAS will be recognized globally as the premier organization in advancing the practice and application of casualty actuarial science and educating professionals in general insurance, including property-casualty and similar risk exposure.
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 up to 12 CE credits for the RPM Virtual Seminar 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.
Note: 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.
VIRTUAL SEMINAR RECORDINGS
Recordings of the seminar are available to attendees for the day that they sign up for. They will be available on the platform for 90 days and then on UCAS for five years. Virtual Seminar attendees will get a discount of $50 for the other days’ recordings they did not register to attend live.
For those that do not register for the seminar, recordings will be $90/day and $150 for the full event.
SPEAKER OPINIONS
The opinions expressed by speakers at this event are their own and do not necessarily reflect the opinions of the CAS.
CONTACT INFORMATION
For more information on RPM Virtual Seminar content, please contact Kellee Jenkins at kjenkins@casact.org.
For more information on attendee registration, please email arc@casact.org.
For more information on the RPM other than registration or content issues, please email meetings@casact.org.
For more information on other CAS opportunities or administrative policies such as complaints and refunds, please contact the CAS Office at (703) 276-3100 or visit the CAS website at www.casact.org.
Registration is closed.
All fees will increase by $100 for registrations received on or after July 9, 2020.
SEMINAR REGISTRATION FEES
| EARLY REG. FEE BY JULY 9 | LATE REG. FEE AFTER JULY 9 |
CAS/ICAS/ MEMBER, SUBSCRIBER, ACTIVE CANDIDATE* | ||
Individual 1-Day, must select specific day(s) | $300 | $400 |
Individual 2-Day Full Event | $550 | $650 |
CAS MEMBER GOVERNMENT EMPLOYEE | ||
Individual 1-Day, must select specific day(s) | $150 | $250 |
Individual 2-Day Full Event | $250 | $350 |
CAS ACADEMIC CENTRAL OR CORRESPONDENT MEMBER ** | ||
Individual 1-Day, must select specific day(s) | $0 | |
Individual 2-Day Full Event | $0 | |
NON MEMBER | ||
Individual 1-Day, must select specific day(s) | $500 | $600 |
Individual 2-Day Full Event | $750 | $850 |
NON MEMBER GOVERNMENT EMPLOYEE | ||
Individual 1-Day, must select specific day(s) | $250 | $350 |
Individual 2-Day Full Event | $350 | $450 |
* An Active Candidate is a non-CAS member who has attempted at least one actuarial exam in the last two years.
** Limited to Members of CAS Academic Central for up to three national CAS meetings or seminars each year.
Bulk Discount for 6 Participants from Same Organization
If your organization has 6 employees who would like to participate in the Virtual RPM Seminar, please contact CAS Meeting Planner, Leanne Wieczorek, at lwieczorek@casact.org for more information on discounted pricing.
Note Regarding Fees: All fees will increase by $100 for registrations received on or after July 9, 2020. The CAS will send confirmations to all registrants prior to the meeting. A complete registration form and fee schedule is included.
All registrations must be received by midnight July 23, 2020 in order to participate in this virtual event.
DISCOUNTED GROUP REGISTRATION FOR VIRTUAL RATEMAKING, PRODUCT, AND MODELING SEMINAR
If you are interested in registering six (or more) of your employees for the full Virtual Ratemaking, Product, and Modeling Seminar, we have discount pricing as listed below! Please note that the only discount will be for the full event, though it will apply to both CAS members and non-members.
Reg Types | Normal Price | Discounted Price |
6 bulk - full event only | $3,300 | $2,750 |
12 bulk - full event only | $6,600 | $5,500 |
18 bulk - full event only | $9,900 | $8,250 |
24 bulk - full event only | $13,200 | $11,000 |
Once a bulk registration is purchased, the purchaser will be emailed a discount code unique to their organization. This discount code will allow that organization’s employees (in increments of six) to self-register for the Virtual Ratemaking, Product, and Modeling Seminar for free. Specific registration details will be provided with the discount code.
REGISTER
Instructions
For the employer to obtain this code, they will need to:
1. Login to CAS Store
2. One representative from an organization registers for the quantity of bulk registrations (in multitudes of 6), add to cart, and complete the purchase.
3. The representative will receive an email from the CAS with the discount code to distribute to the correlated number of employees (if purchasing a bulk of 6, you will distribute the code to 6 employees; if purchasing a bulk of 12, you will distribute the code to 12 employees, etc.)
Once an Employer has the code and distributed it to the appropriate number of employees, individual employees should:1. Login to CAS Store to register for the Ratemaking, Product, and Modeling Seminar
2. Add Full Event Individual Registration to the cart, regardless of price shown.
3. Apply the discount code - this will give them a zero balance fee
4. Click next until they ‘Submit Order’ and receive a confirmation email
5. A confirmation email will be issued upon completion of registration. Another email will follow closer to the event date that will include login instructions.
Individuals may find this sample registration video helpful: https://www.pathlms.com/cas/courses/10996/video_presentations/127432
TECHNICAL SPECIFICATIONS
Please instruct your employees to review the technical requirements and conduct a system check in advance of the event date.
Registration is closed.
All fees will increase by $100 for registrations received on or after July 9, 2020.
SEMINAR REGISTRATION FEES
| EARLY REG. FEE BY JULY 9 | LATE REG. FEE AFTER JULY 9 |
CAS/ICAS/ MEMBER, SUBSCRIBER, ACTIVE CANDIDATE* | ||
Individual 1-Day, must select specific day(s) | $300 | $400 |
Individual 2-Day Full Event | $550 | $650 |
CAS MEMBER GOVERNMENT EMPLOYEE | ||
Individual 1-Day, must select specific day(s) | $150 | $250 |
Individual 2-Day Full Event | $250 | $350 |
CAS ACADEMIC CENTRAL OR CORRESPONDENT MEMBER ** | ||
Individual 1-Day, must select specific day(s) | $0 | |
Individual 2-Day Full Event | $0 | |
NON MEMBER | ||
Individual 1-Day, must select specific day(s) | $500 | $600 |
Individual 2-Day Full Event | $750 | $850 |
NON MEMBER GOVERNMENT EMPLOYEE | ||
Individual 1-Day, must select specific day(s) | $250 | $350 |
Individual 2-Day Full Event | $350 | $450 |
* An Active Candidate is a non-CAS member who has attempted at least one actuarial exam in the last two years.
** Limited to Members of CAS Academic Central for up to three national CAS meetings or seminars each year.
Bulk Discount for 6 Participants from Same Organization
If your organization has 6 employees who would like to participate in the Virtual RPM Seminar, please contact CAS Meeting Planner, Leanne Wieczorek, at lwieczorek@casact.org for more information on discounted pricing.
Note Regarding Fees: All fees will increase by $100 for registrations received on or after July 9, 2020. The CAS will send confirmations to all registrants prior to the meeting. A complete registration form and fee schedule is included.
All registrations must be received by midnight July 23, 2020 in order to participate in this virtual event.
DISCOUNTED GROUP REGISTRATION FOR VIRTUAL RATEMAKING, PRODUCT, AND MODELING SEMINAR
If you are interested in registering six (or more) of your employees for the full Virtual Ratemaking, Product, and Modeling Seminar, we have discount pricing as listed below! Please note that the only discount will be for the full event, though it will apply to both CAS members and non-members.
Reg Types | Normal Price | Discounted Price |
6 bulk - full event only | $3,300 | $2,750 |
12 bulk - full event only | $6,600 | $5,500 |
18 bulk - full event only | $9,900 | $8,250 |
24 bulk - full event only | $13,200 | $11,000 |
Once a bulk registration is purchased, the purchaser will be emailed a discount code unique to their organization. This discount code will allow that organization’s employees (in increments of six) to self-register for the Virtual Ratemaking, Product, and Modeling Seminar for free. Specific registration details will be provided with the discount code.
REGISTER
Instructions
For the employer to obtain this code, they will need to:
1. Login to CAS Store
2. One representative from an organization registers for the quantity of bulk registrations (in multitudes of 6), add to cart, and complete the purchase.
3. The representative will receive an email from the CAS with the discount code to distribute to the correlated number of employees (if purchasing a bulk of 6, you will distribute the code to 6 employees; if purchasing a bulk of 12, you will distribute the code to 12 employees, etc.)
Once an Employer has the code and distributed it to the appropriate number of employees, individual employees should:1. Login to CAS Store to register for the Ratemaking, Product, and Modeling Seminar
2. Add Full Event Individual Registration to the cart, regardless of price shown.
3. Apply the discount code - this will give them a zero balance fee
4. Click next until they ‘Submit Order’ and receive a confirmation email
5. A confirmation email will be issued upon completion of registration. Another email will follow closer to the event date that will include login instructions.
Individuals may find this sample registration video helpful: https://www.pathlms.com/cas/courses/10996/video_presentations/127432
TECHNICAL SPECIFICATIONS
Please instruct your employees to review the technical requirements and conduct a system check in advance of the event date.
Kelly Cusick, Chairperson
Eric Krafcheck, Vice Chairperson
Rebecca Williams, Vice Chairperson
Daniel Blau
Julia Blyumin
Brian Choi
Jing Deng
Dustin Duncan
Stuart Gelbwasser
Steven Groeschen
Donald Hendriks
Shengli Huang
Kathleen Knudson
Howard Kunst
Victoria Marciano
Richard (Jamie) Mills
Pearl Nguyen
Pamela Reale
Jay Rosen
Amy (Ya) Tang
Jianqi (Kiki)Wang
Gary Wang
James Weiss
Lin Xing
Ronald Zaleski
Lijuan Zhang
Michael Woods, CAS Institute Liaison
Kellee Jenkins, Staff Liaison
Nora Potter, Staff Liaison
Leanne Wieczorek, Staff Liaison
Gain company exposure among approximately 200 attendees by sponsoring/exhibiting at Casualty Actuarial Society’s interactive Virtual Ratemaking, Product and Modeling Seminar. The Virtual Ratemaking, Product and Modeling Seminar provides a variety of sponsorship opportunities at various levels which will give your company exposure to key decision makers of various industries. This event brings attendees opportunities for education, networking, and meeting with exhibitors, all in an immersive environment designed to make attendees feel as if they are attending an in-person meeting -- all with no travel, no additional expenses, and from the convenience of your own desk.
If you are interested in sponsoring/exhibiting at this event or need more information, please contact Clarisa Figueroa at (703) 562-1722 or by email cfigueroa@casact.org
Download Virtual RPM Seminar Prospectus
Review Sponsor and Exhibitor Virtual Tour
https://www.casact.org/education/rpm/2020/Sponsored_Luncheons.pdf
DIAMOND SPONSORS
PLATINUM SPONSORS
GOLD SPONSORS
SILVER SPONSORS
ADDITIONAL EXHIBITORS/SPONSORS
https://www.casact.org/education/rpm/2020/LOA.pdf
JULY 28 – DAY 1
10:00 AM ET - 11:15 AM ET
FLOOD FOR THOUGHT
Advancements in risk measurement, shifts in risk appetites, and new regulations are driving private flood interest and growth. Major flood events, climate change threats, and coming changes to the National Flood Insurance Program all but guarantee the flood insurance marketplace will continue to evolve at a rapid pace. Our panel will catch you up on where flood insurance, including both private and federal, is today. We will also discuss what could be coming next, and how actuaries will increasingly be tasked with helping bring insurance solutions to what used to be called an uninsurable peril.
Moderator
Howard Kunst
Speakers:
David Atkinson, Actuary, FEMA
David Evans, Consulting Actuary, Milliman
Brandon Katz, Executive Vice President, KatRisk, LLC
11:45 AM ET - 1:00 PM ET
INSURANCE ON DEMAND
The COVID-19 pandemic has shone new light on how traditional insurance products may not be as relevant in the face of rapidly changing circumstances. Insurance On Demand has long loomed as a possible cure to some of insurance's static shortcomings. The CAS Working Party defined On Demand as “insurance where the product exhibits client-focus through non-traditional modifications to coverages, pricing, and/or administration." In this session, we will explore common questions regarding On Demand, including “what do we want" (everything!) and “when do we want it" (now!). The results of a multi-year consumer survey regarding insurance purchasing preferences will be presented and related to On Demand. Case studies will then be presented regarding strengths and weaknesses of different On Demand approaches. Actuaries, product managers, and modelers who attend will learn considerations to better rise to the demands of today's personal and commercial lines consumers.
Moderator:
Kiki Wang
Speakers:
Stephanie Gould Rabin, Founder & Managing Partner/Viridian NYC
Magda Ramada, EMEA InsurTech Innovation Leader & Senior Director/Willis Towers Watson
2:00 PM ET - 3:15 PM ET
BACK TO THE FUTURE OF PROFESSIONALISM
Presentation unavailable per speaker request
"Great Scott!" Predictive modeling is increasingly included in many actuaries' job descriptions. Whether building predictive models, utilizing them as inputs to the pricing decision-making and implementation process with business partners, or supporting them in rate filings, actuaries are often asked for their opinions on issues that relate to professional ethics. We will discuss scenarios that touch on common issues related to the Code of Conduct, Statement of Principles, and Standards of Practice. Audience participation is highly encouraged through facilitated discussion and polling.
Moderator:
Kathleen Knudson
Speakers:
Shawn Balthazar, Senior Consultant, Willis Towers Watson
Jarrett Cabell, Associate Director, Willis Towers Watson
Elizabeth Demmon Storm, Regional Actuary, Business Insurance, Travelers
Rick Sutherland, 2VP and Actuary, Travelers
3:45 PM ET - 5:00 PM ET
EMERGING RISKS
Learn about the issues related to pricing emerging risks and how to solve for this issue. The regulatory support required- with specific case studies for Lime, Hippo, On Demand Fleets and Personal Auto- will also be discussed.
Moderator:
Sheri Scott
Speakers:
Chin Chang, Associate Actuary, Hippo Insurance
Rob MacKethan, Vice President of Insurance and Risk Management, Lime
Andrew Williamson, Actuary, Milliman
JULY 29 – DAY 2
10:00 AM ET - 11:15 AM ET
UNLOCKING THE POWER OF TEXT DATA
The amount of information being generated is our society is growing at an astronomical rate and most of the new information being generated is unstructured. This unstructured data includes text data.
While insurance companies have made significant strides in analyzing structured information, there is substantial value that can be extracted from text data. This session will discuss approaches to analyzing text information and provide examples of how text information is used in the insurance industry. These examples will include the use of social media information to understand customer sentiment and analyzing claim adjuster notes to optimize claim outcomes.
Moderator:
Jason Rodriguez
Speakers:
Louise Francis, Consulting Principal, Francis Analytics & Actuarial Data Mining
Roosevelt Mosley, Principal & Consulting Actuary, Pinnacle Actuarial Resources
11:45 AM ET - 1:00 PM ET
PREDICTIVE MODELING - A REGULATOR'S PERSPECTIVE
Insights on how predictive models are used in the rate filing from the state regulators' perspective.
Moderator:
Dustin Duncan
Speaker:
Gennady Stolyarov II, Lead Actuary, Product Compliance Section, Nevada Division of Insurance
2:00 PM ET - 3:15 PM ET
DATA VISUALIZATION FOR THE P&C ACTUARY
The goal of the session is to demonstrate to the audience (P&C actuaries) the benefits of effective data visualization, and how to apply proper visualization principles and techniques in their day-to-day work. This session will include visualization examples to supplement an actuary's own analyses, and visualization(s) and principles for the purpose of communication to others.
Speaker/Moderator:
Brian Fannin, Research Actuary, Casualty Actuarial Society
Speakers:
John Deacon, Executive Director and Actuary, NCCI
Jeff White, Senior Consultant, Gross Consulting
3:45 PM ET - 5:00 PM ET
CASUALTY EXCESS TREND
Do large losses trend at an inflation rate the same as small losses?
This question turns out to be challenging to answer. Naively calculating trend on historical losses above a given threshold is generally useless and at worst misleading. Our session will examine this challenge, including techniques to evaluate the conditions under which a collection of large losses will or will not provide meaningful information.
Moderator:
Pam Sealand Reale, AVP & Actuary, The Hartford
Speakers:
Dave Clark, Senior Actuary, Actuarial Research and Modeling, Munich Re
Peter Magliaro, VP and Actuarial Director, Zurich North America
Tim McCarthy, Actuarial Director – Commercial Liability, ISO/Verisk
All times listed are EASTERN TIME.
JULY 28 - 29 | ET | DAY 1 - RATEMAKING FOCUS | DAY 2 - MODEL FOCUS |
Concurrent Session 75 min | 10:00 AM – 11:15 AM | Flood for Thought | Unlocking the Power of Text Data |
Transition Break 30 min | 11:15 AM – 11:45 AM | Open Discussion | Open Discussion |
Concurrent Session 75 min | 11:45 AM – 1:00 PM | Insurance on Demand | Predictive Modeling – A Regulator's Perspective |
Break 60 mins | 1:00 PM – 2:00 PM | BREAK | BREAK |
Concurrent Session 75 min | 2:00 PM – 3:15 PM | Back to the Future of Professionalism | Data Visualization for the P&C Actuary |
Transition Break 30 mins | 3:15 PM – 3:45 PM | Open Discussion (Professionalism) | Open Discussion |
Concurrent Session 75 min | 3:45 PM – 5:00 PM | Emerging Risks | Casualty Excess Trend |
