2022 CAS Virtual Trunk Show – August Edition

Event Details

-
9:30 am – 4:30 pm, ET

About This Event

Join some of our most popular sessions from our recent 2022 events and get organized CE!

The CAS has organized a virtual event on August 3, 2022, from 9:30 AM – 4:30 PM ET. This virtual seminar features four sessions, as well as the opportunity for live video discussion with other attendees on the conference platform.

Event Information

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 may 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 6* 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.

*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.

Contact Information

For more information on the Virtual Trunk Show content, please contact Kellee Jenkins at kjenkins@casact.org.

For more information on attendee registration, please email acs@casact.org.

For more information on the Virtual Trunk Show 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.

Registration Information

Register

Registration Fees

 

EARLY REG. FEE ON/BEFORE July 20

LATE REG. FEE AFTER July 20

Individual, Member

$200

$300

Individual, Non-Member

$300

$400

Registration Deadline

Please note that registration for the event will close on Monday, August 1, 2022, at 11:59 PM ET.

Cancelations/Refunds

Registration fees will be refunded for cancellations received in writing at the CAS Office via email, refund@casact.org, July 27, 2022, less a $100 processing fee.

Technical Specifications

This event will be held entirely on Microsoft Teams. For the best experience it is recommended that attendees download the Teams desktop app. Attendees may also use the web version of Teams through the following compatible browsers: Chrome, Safari, Firefox, and Microsoft Edge. Teams is not supported in Internet Explorer 11 or Opera.

Group Registration

If you are interested in registering six (or more) of your employees for the 2022 Virtual Trunk Show, we have discount pricing as listed below! Please note that the only discount will be for the full event and will apply to both CAS members and non-members. 

Reg Types 

Normal Price 

Discounted Price 

6 Bulk - (6 for the price of 5) 

$1,200 

$1,000 

Once a bulk registration is purchased, the purchaser will be emailed a discount code unique to their organization. This discount code will allow the organization’s employees (in increments of six) to self-register for the 2022 Virtual Trunk Show – August Edition for free. Specific registration details will be provided with the discount code. 

Note: Bulk registration will close on Monday, July 25, 2022, to allow time for all registration to be processed prior to the vendor deadline. 

Group Registration

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. For example, if purchasing a bulk of 6, you will distribute the code to 6 employees. 

Once an employer has the code and distributes it to the appropriate number of employees, individual employees should: 

  1. Login to CAS Store to register for the 2022 Virtual Trunk Show – August Edition 
  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 

Speakers

Patricia Teufel

Ms. Teufel retired as Principal of KPMG LLP in 2010; she led the Actuarial Services practice there for over a decade. She currently serves as an adjunct professor at the University of Connecticut and performs some independent actuarial consulting. She is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries. A Past President of the Casualty Actuarial Society, she is an Emeritus Trustee of The Actuarial Foundation and has served on the Academy Board of Directors. She is a regular speaker at professional actuarial meetings and other industry conferences.

Pat Teufel

Ronald Kozlowski

Ron Kozlowski is a consulting actuary with over 30 years of experience, working primarily in pricing, reserving and M&A due diligence. Ron spent 23 years at Towers Watson before semi-retiring and starting his own consulting firm RTK Actuarial + Professional Services. Ron specializes in construction defect reserving.

Ron Kozlowski

Mallika Bender

Mallika Bender, FCAS, is the Diversity, Equity and Inclusion (DE&I) Staff Actuary for the Casualty Actuarial Society, where she leads initiatives to enhance diversity within the profession and manages the CAS Approach to Race and Insurance Pricing.  Prior to joining the CAS, she spent thirteen years in traditional Property & Casualty actuarial roles performing a range of functions, including pricing, reserving and predictive modeling, in support of Personal, Commercial and Specialty insurance lines in the United States and Australia.

Mallika Bender

Kathleen Hurta

Kathy is an actuary and catastrophe modeling senior manager at Allstate. In her current role, Kathy leads a team focused on advancing the use of catastrophe modeling and analytics for risk management and ratemaking. Kathy has extensive experience in catastrophe modeling, ratemaking, and product development analytics for Allstate’s personal and small commercial lines.

Kathleen Hurta

Susan Kent

Susan Kent serves as Vice President & Chief Analytics Officer for the Ohio Mutual Insurance Group. Susan leads a team of actuarial and data analysts. The team leverages data to drive business success in many areas – including product pricing, competitive analysis, underwriting effectiveness, and customer loyalty.
She is a Fellow of the Casualty Actuarial Society, a member of the American Academy of Actuaries, and a Chartered Property Casualty Underwriter.

Susan Kent

Eric Krafcheck

Eric Krafcheck is a Principal & Consulting Actuary at Milliman. With over a decade of experience, Eric’s primary area of expertise is in ratemaking, including pricing; developing class plans; product development; competitive analysis; disparate impact analyses; and providing filing, implementation, or legislative support. In developing rates and class plans, Eric has experience building and applying generalized linear models and machine learning techniques; using third-party data within personal lines rating plans; pricing property lines using a by-peril analysis; and creating territory definitions based on company experience, modeled catastrophe data, and third-party data. He has developed rate filing support for nearly every filing jurisdiction in the US.  Eric is a Fellow of the Casualty Actuarial Society, a Certified Specialist in Predictive Analytics, a Member of the American Academy of Actuaries.

Eric Krafcheck

Katherine Pipkorn

Katie is a Consulting Actuary at Milliman with expertise in ratemaking and predictive analytics. She has experience in various property and casualty lines of business, most notably personal lines, credit risk, and cyber risk. Katie has provided actuarial assistance to risk-bearing entities in both the private and public sector.  She has assisted clients with assignments developing new rating plans, refreshing existing rate plans, filing countrywide rating plans, estimating disparate impact, and evaluating the impact of proposed legislation.

Katherine Pipkorn

Mattia Casotto

Mattia Casotto is the Head of Product for the United States division of the pricing software Akur8. He has more than 7 years of experience on predictive modeling in insurance and is one of the founding members of Akur8.

Mattia Casotto

Robert Zolla

Rob is an Actuary at Milliman’s Orange County office specializing in InsurTech solutions and advanced ratemaking techniques for personal and commercial lines. He has over 10 years of experience in the insurance industry, much of which came at a top five U.S. personal lines carrier where he held executive roles leading teams focused on competitive intelligence, property pricing, and product and revenue forecasting.

Robert Zolla
Sessions

10:00 – 11:15 AM, ET

Professionalism – Deep Dive on Code of Conduct

When is the last time you read the Code of Professional Conduct? Now you don't have to. We will take you through it Precept by Precept, in a fun, interactive session. The Code of Conduct is a “fixed star” – a relatively unchanging, simple set of fundamentals. Many of the precepts are applicable in much of our day-to-day work as actuaries. Behaving “professionally” is not always a black-and-white exercise – we operate in many grey areas, so its good to discuss in a group how these precepts apply in realistic situations.

Speaker:
Patricia Teufel, University of Connecticut
Ronald Kozlowski, RTK Actuarial & Professional Services

11:30 AM – 12:45 PM, ET

Race and Insurance Pricing: Industry Developments and CAS Research                                          Download Presentation

This session will provide an overview of key developments in the ongoing insurance industry dialogue around potential racial bias in insurance practices. Learn about recent state regulatory and legislative changes that could have an impact on insurers across the country. Stay for key learnings from four research papers published as part of the CAS approach to Race and Insurance Pricing, covering terminology, historical context, and potential solutions. These papers provide important foundational information for actuaries to consider as the insurance industry works to understand, identify, measure and address potential racial bias in insurance pricing.

Speakers:
Mallika Bender, Casualty Actuarial Society
Kathleen Hurta, Allstate Insurance Company
Susan Kent, Ohio Mutual Insurance Group

1:45 – 3:00 PM, ET

The Price is Right: An Introduction to Pricing Novel Products and Competitive Analysis               Download Presentation

Whether you are pricing something that is new to you or new to the entire industry, what strategies and methods should you keep in mind when developing new rates and rating plans? In this session, we will discuss the advantages and disadvantages of different pricing methodologies that can be leveraged when developing new products. We will also discuss ways in which competitive analyses and other data can be leveraged during the pricing process.

Speakers:
Eric Krafcheck, Milliman
Katherine Pipkorn, Milliman

3:15 – 4:30 PM, ET

Dislocation Analysis: Segment Detection of Disrupted Rates                                                             Download Presentation

Control of rate changes is particularly challenging for complex insurance products. Multiple risks are covered by these contracts, and each risk requires its own specific modeling. When all these risks are combined and entangled, the cumulative effect may lead to undesired disruptive rate changes.

One of Dislocation Analysis objectives is to detect the portfolio's segments which are most impacted by the new proposed premium: such information is key as it provides guidance for rating adjustments. Automated modeling can greatly improve the accuracy and speed of the overall process. In this presentation it will be shown how, starting from a global analysis of the rate changes, the modeler can quickly detect the sources of the dislocation and obtain guidance for the right set of adjustment leading to a more desired rating structure.

Furthermore, we will see how this proposed automated modeling can be also applied to identify segments of the portfolio whose loss ratios will significantly be increased by the new rate change.

Speakers:
Mattia Casotto, Akur8
Robert Zolla, Milliman

Schedule

Wednesday, August 3

Time (ET)

30-minute Coffee Chat

9:30 - 10:00 AM

Session 1

10:00 - 11:15 AM

Session 2

11:30 AM - 12:45 PM

Lunch

12:45 - 1:45 PM

Session 3

1:45 - 3:00 PM

Session 4

3:15 - 4:30 PM

Sessions

10:00 – 11:15 AM, ET

Professionalism – Deep Dive on Code of Conduct

When is the last time you read the Code of Professional Conduct? Now you don't have to. We will take you through it Precept by Precept, in a fun, interactive session. The Code of Conduct is a “fixed star” – a relatively unchanging, simple set of fundamentals. Many of the precepts are applicable in much of our day-to-day work as actuaries. Behaving “professionally” is not always a black-and-white exercise – we operate in many grey areas, so its good to discuss in a group how these precepts apply in realistic situations.

Speaker:
Patricia Teufel, University of Connecticut
Ronald Kozlowski, RTK Actuarial & Professional Services

11:30 AM – 12:45 PM, ET

Race and Insurance Pricing: Industry Developments and CAS Research                                          Download Presentation

This session will provide an overview of key developments in the ongoing insurance industry dialogue around potential racial bias in insurance practices. Learn about recent state regulatory and legislative changes that could have an impact on insurers across the country. Stay for key learnings from four research papers published as part of the CAS approach to Race and Insurance Pricing, covering terminology, historical context, and potential solutions. These papers provide important foundational information for actuaries to consider as the insurance industry works to understand, identify, measure and address potential racial bias in insurance pricing.

Speakers:
Mallika Bender, Casualty Actuarial Society
Kathleen Hurta, Allstate Insurance Company
Susan Kent, Ohio Mutual Insurance Group

1:45 – 3:00 PM, ET

The Price is Right: An Introduction to Pricing Novel Products and Competitive Analysis               Download Presentation

Whether you are pricing something that is new to you or new to the entire industry, what strategies and methods should you keep in mind when developing new rates and rating plans? In this session, we will discuss the advantages and disadvantages of different pricing methodologies that can be leveraged when developing new products. We will also discuss ways in which competitive analyses and other data can be leveraged during the pricing process.

Speakers:
Eric Krafcheck, Milliman
Katherine Pipkorn, Milliman

3:15 – 4:30 PM, ET

Dislocation Analysis: Segment Detection of Disrupted Rates                                                             Download Presentation

Control of rate changes is particularly challenging for complex insurance products. Multiple risks are covered by these contracts, and each risk requires its own specific modeling. When all these risks are combined and entangled, the cumulative effect may lead to undesired disruptive rate changes.

One of Dislocation Analysis objectives is to detect the portfolio's segments which are most impacted by the new proposed premium: such information is key as it provides guidance for rating adjustments. Automated modeling can greatly improve the accuracy and speed of the overall process. In this presentation it will be shown how, starting from a global analysis of the rate changes, the modeler can quickly detect the sources of the dislocation and obtain guidance for the right set of adjustment leading to a more desired rating structure.

Furthermore, we will see how this proposed automated modeling can be also applied to identify segments of the portfolio whose loss ratios will significantly be increased by the new rate change.

Speakers:
Mattia Casotto, Akur8
Robert Zolla, Milliman

Schedule

Wednesday, August 3

Time (ET)

30-minute Coffee Chat

9:30 - 10:00 AM

Session 1

10:00 - 11:15 AM

Session 2

11:30 AM - 12:45 PM

Lunch

12:45 - 1:45 PM

Session 3

1:45 - 3:00 PM

Session 4

3:15 - 4:30 PM