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STAY TUNED! If you are anticipating additional search filters by attribute and level to align with the CAS Capability Model, it is coming later this Summer. As the CAS begins to code recorded sessions by specific attributes and levels (starting with the 2023 Annual Meeting), these will be tagged in the CAS database of presentations going forward and should be searchable.
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STAY TUNED! If you are anticipating additional search filters by attribute and level to align with the CAS Capability Model, it is coming later this Summer. As the CAS begins to code recorded sessions by specific attributes and levels (starting with the 2023 Annual Meeting), these will be tagged in the CAS database of presentations going forward and should be searchable.
But you may use the Capability Model now to help you identify topics. For example, if you want to move up one level under the content area “Functional Expertise,” you may search topics in the particular functional area to expand your knowledge.
Recorded content is searchable by Capability Model attribute and level in the CAS Online Library.
Terrorism Modeling
Jack Seaquist of Applied Insurance Research (AIR) will present an overview of techniques to model potential losses from terrorism using a fully probabilistic modeling approach. AIR will then discuss how model results are being used in a variety of ways to manage risk.
Source:
2003 Regional Affiliate - MAF
Type:
affiliate
Panelists:
Jack Seaquist
Keywords:
model potential losses, probabilistic modeling approach, manage risk
Academy Update
Dan McCarthy, FSA, MAAA of the American Academy of Actuaries will discuss what he sees as the key issues that are facing our professional group currently, the opportunities the future holds for casualty actuaries, as well as other topics posed by the audience.
Source:
2003 Regional Affiliate - MAF
Type:
affiliate
Panelists:
Dan McCarthy
Keywords:
opportunities the future holds for casualty actuaries
What Keeps Insurance CEOs Awake at Night?
Wonder why your CEO has those bags under his eyes? Chances are, he's thinking a lot about how to improve performance and keep your company profitable in today's highly competitive insurance marketplace. From toxic mold to trial lawyers, terrorists to tycoons, and credit to catastrophes, CEOs certainly have a lot of reasons to toss and turn all night. Robert P. Hartwig, Ph.D., CPCU Senior Vice President & Chief Economist of the Insurance Information Institute, will provide a comprehensive overview and outlook on the major issues confronting personal and commercial lines p/c insurance companies today. The presentation will also discuss the industry's overall financial position, underwriting and investment performance and identify the major cost drivers behind today's hard market.
Source:
2003 Regional Affiliate - MAF
Type:
affiliate
Panelists:
Robert Hartwig
Keywords:
company profitable in today's highly competitive insurance marketplace, toxic mold to trial lawyers, terrorists to tycoons, and credit to catastrophes
Automobile Insurance Reform: Is Public Auto Inevitable?
Source:
2003 Regional Affiliate - OCCA
Type:
affiliate
Panelists:
Barb Addie
Keywords:
automobile insurance
Automobile Insurance and Tort Reform
Source:
2003 Regional Affiliate - OCCA
Type:
affiliate
Panelists:
Jacqueline Friedland
Keywords:
automobile insurance
Ontario's Auto Insurance System
Source:
2003 Regional Affiliate - OCCA
Type:
affiliate
Panelists:
Mark Yakabuski
Keywords:
automobile insurance
Business Session
Source:
2003 Regional Affiliate - OCCA
Type:
affiliate
Panelists:
Christopher Cooney
Keywords:
business session
Communications Outside the Actuarial Community
Property Casualty Actuaries are more than just the engineers of the Insurance Industry. They have a great message to give, but in some instances they have trouble communicating it. The External Communications Committee is charged with helping the Actuarial Profession seek out and communicate with non-actuarial audiences, both those who have similar educations (Educators, MBA's, CFA's) and those who may not (CEO's and CFO's). Committee member Alice Underwood, Vice President of Converium, will bring us up to date on the Committee's work and offer tips on communicating effectively with other disciplines.
Source:
2003 Regional Affiliate - CAGNY
Type:
affiliate
Panelists:
Alice Underwood
Keywords:
Property Casualty Actuaries, External Communications Committee, Actuarial Profession
Reinsurance Update
This panel will provide an update on the state of the reinsurance market. Chris Milton is the senior corporate executive in AIG charged with overseeing all reinsurance related operations. Rich Skolnik is the executive in charge of reinsurance in AIU, the international wing of AIG. Both panelists are purchasers of reinsurance on behalf of AIG. They will focus on the current climate for reinsurance pricing, market players and available capacity. They will also discuss the implications that these current conditions have for the future of the reinsurance marketplace.
Source:
2003 Regional Affiliate - CAGNY
Type:
affiliate
Panelists:
Richard Skolnik, Christian Milton
Keywords:
state of the reinsurance market, reinsurance, reinsurance pricing, market players and available capacity
Terrorism Panel
The Terrorism Insurance Act (TRIA) was signed into law on November 26, 2002 and has impacted the insurance industry in many important ways. The panel will review the major provisions of this act, discuss how insurance has been affected and who is buying the coverage, and debate whether TRIA can help create a stable market for terrorism insurance. Also, a brief historical survey of the terrorism problem, as well as efforts to model the peril, will be covered by the speakers in this session.
Source:
2003 Regional Affiliate - CAGNY
Type:
affiliate
Panelists:
Thomas Holzheu, David Lalonde, Samir Shah
Keywords:
Terrorism Insurance Act (TRIA), TRIA, stable market for terrorism insurance
The Legend of the Price-Gouging Insurer
The current hard market in the property-casualty insurance industry has led to higher premiums and more restrictive terms of coverage for many commercial buyers of insurance as well as personal lines policyholders. There are numerous drivers of this market and many of them are discussed in this session. The presenter for this session also addresses and rebuts assertions by critics of the insurance industry that insurers are "gouging" consumers. In fact, insurance remains widely available and affordable.
Source:
2003 Regional Affiliate - CAGNY
Type:
affiliate
Panelists:
Robert Hartwig
Keywords:
hard market, property-casualty insurance, commercial buyers of insurance, personal lines policyholders
The CAS and Mutual Recognition
The CAS desires that its members and other actuaries be recognized as qualified actuaries and be able to practice in all countries and all assignments where they have the appropriate knowledge and experience. In addition, the CAS desires to attract future members with diverse backgrounds including future members from around the globe. In support of these goals, the CAS Board believes that mutual recognition is a concept that may potentially provide benefits to the CAS, to CAS members present and future, and to the publics we serve. Gail Ross, President of the CAS will lead a discussion on mutual recognition, focusing in on what it is, how it would work and most especially your views. In addition, Gail will provide an update on other key issues being discussed by the Board and the EC.
Source:
2003 Regional Affiliate - CAGNY
Type:
affiliate
Panelists:
Gail Ross
Keywords:
qualified actuaries, mutual recognition, global
LDF Curve-Fitting and Stochastic Reserving: A Maximum Likelihood Approach
This session presents the award-winning paper of the same name from the 2003 CAS Casualty Loss Reserving Seminar. In the paper, an application of Maximum Likelihood Estimation (MLE) theory is demonstrated for modeling the distribution of loss development based on data available in the common triangle format. The author will discuss this application as well as practical issues concerning estimation error and extrapolation.
Source:
2003 Regional Affiliate - CAGNY
Type:
affiliate
Panelists:
Dave Clark
Keywords:
Maximum Likelihood Estimation (MLE) theory, loss development, estimation error and extrapolation
The Medical Professional Liability Market - What's Happening And Is Tort Reform the Answer?
The medical professional liability market is currently in turmoil, as there are tremendous threats to the availability and affordability of this coverage. The session provides an overview of what is happening in the local and national markets from an insurer and insured perspective, as well as examining a possible solution. Our first speaker, Dr. Andrew Patterson, is a renowned physician and President of the MLMIC group, the largest writer of medical professional liability insurance in the country. Dr. Patterson will share his views on the market and the effect of it on physicians' ability to practice medicine. Our final panelists, Richard Biondi, FCAS and Dr. Arthur Gurevitch, will provide and examine recent loss experience for this line and discuss the potential benefits of tort reform.
Source:
2003 Regional Affiliate - CAGNY
Type:
affiliate
Panelists:
Richard Biondi, Arthur Gurevitch, Andrew Patterson
Keywords:
medical professional liability market, overview of what is happening in the local and national markets
Equity Risk Premium
The Equity Risk Premium (ERP) is an essential building block of the market value of risk. In theory, the collective action of all investors results in an equilibrium expectation for the return on the market portfolio excess of the risk-free return, the equity risk premium. The ability of the valuation actuary to choose a sensible value for the ERP, whether as a required input to CAPM valuation, or any of its descendents, is as important as choosing risk-free rates and risk relatives (betas) to the ERP for the asset at hand. This paper and discussion examine the principal strains of the recent research on ERP and catalogue the empirical values of ERP implied by that research. Recommendations for ERP values to use in common actuarial valuation problems will be offered.
This paper was presented at the Bowles Symposium in April of 2003.
Source:
2003 Regional Affiliate - CANE
Type:
affiliate
Panelists:
Richard Derrig, Elisha Orr
Keywords:
Equity Risk
Internship/Recruiting/Exams - Hiring and Retaining Entry-Level Students
Every employer of actuaries has a program in place to facilitate actuarial professional development. Most large departments have a well-documented comprehensive program in place, while smaller shops might have an informal set of guidelines for exam study. Do you think your actuarial department has it all figured out? This session will provide a forum for you to brag about some elements of your program that are exceptional and gather some ideas on how to improve your program. We will be encouraging attendee participation, to get various points of view on how to manage the many issues faced by actuarial employers.
Source:
2003 Regional Affiliate - CANE
Type:
affiliate
Moderators:
Dan Rosen
Panelists:
Jill Petker, Mark Allaben, Diane Sullivan
No-Fault Auto Insurance: A Dead End Street?
Source:
2003 Regional Affiliate - SWAF
Type:
affiliate
Panelists:
Rob Kane
Keywords:
auto insurance
Continuing Education Credits
Source:
2003 Regional Affiliate - SWAF
Type:
affiliate
Panelists:
Catherine Taylor
Keywords:
continuing education
Actuarial Opinion Symposium
Source:
2003 Regional Affiliate - SWAF
Type:
affiliate
Panelists:
Wendy Germani, Debra Werland, John Butcher
Keywords:
actuarial opinion
CFO and the Actuary
Source:
2003 Regional Affiliate - SWAF
Type:
affiliate
Panelists:
Marc Adee
Keywords:
CFO, actuary
CAS Exam Issues
Source:
2003 Regional Affiliate - SWAF
Type:
affiliate
Panelists:
Mary Miller
Keywords:
CAS exams
A Portfolio Approach to Risk Management
Senior executives are reassessing the relationship between risk management and corporate governance and seeking organizational principles that will help them fulfill their fiduciary duties. This search is renewing interest in enterprise risk management (ERM) and prompting executives to take a hard look at what is required to create a workable ERM system.
Managers must realize that ERM initiatives fail for the same reasons that companies have difficulty managing risk; organizations do not define in any detailed way how they store and create value and the key threats to that value. Companies can use a portfolio approach to help articulate, communicate, and coordinate their business strategies and define the important attributes and dimensions of each business unit.
The panelists include an ERM consultant and a senior management member of a corporation implementing an embedded risk management framework within its operational and planning processes.
Source:
2002 Annual Meeting
Type:
concurrent
Moderators:
Barry Drobes
Panelists:
Bruce Thomas, Brian Selby
Keywords:
risk management and corporate governance, enterprise risk management, ERM
Nursing Home Profession Liability Insurance Crisis-An Update
Over the last two years, nursing homes have been in the middle of an insurance crisis. In response to substantial increases in the frequency and severity of claims, nursing homes have seen their professional liability insurance coverage shrink while their premiums have soared. Nursing homes with first-dollar occurrence coverage for a modest premium three years ago, now can only purchase claims-made coverage with large deductibles at a multimillion-dollar premium. Our panelists will include a risk manager dealing with the insurance crisis at a individual company level, a broker discussing the state of the nursing home professional liability insurance market in general, and an actuarial consultant talking about a recent industry analysis of long-term care experience.
Source:
2002 Annual Meeting
Type:
concurrent
Moderators:
Jennifer Price
Panelists:
Ruth Kilduff, David Friend, Theresa Bourdon
Keywords:
frequency and severity of claims, professional liability insurance
Liability Storms
In property, one can't predict where the next storm will hit, but in casualty it may be easier to anticipate where plaintiff attorneys will swarm. This session will review recent trends in asbestos, environmental, construction defect, and mold liabilities. In addition, the panel will discuss ways to evaluate a company's exposure with respect to these liabilities using a multidisciplined approach with both actuarial and claim disciplines.
Source:
2002 Annual Meeting
Type:
concurrent
Moderators:
Bruce Fell
Panelists:
Michael Angelina, William Azzara
Keywords:
asbestos, environmental, construction defect, and mold liabilities, liabilities using a multidisciplined approach
Improving Your Company's Actuarial Professional Development Program
Most employers of actuaries have programs to facilitate actuarial professional development. Large departments will typically have a well-documented, comprehensive program in place, while smaller shops might have an informal set of guidelines for exam study.
Do you think your actuarial department has it all figured out? This session will give you a chance to brag about some exceptional elements of your program and gather some ideas on how to improve your program. The panel will encourage attendees to give their views on how to manage the many issues actuarial employers face.
To set the stage for dialogue, the panelists will present some elements of their own actuarial professional development programs. A brief overview of successful programs will be presented with topics including university outreach, internship, new-hire training, rotations, exam study policy, and peaceful cohabitation of exam-track and off-track analysts. The panel will then open up the session for a discussion of the various successes and challenges that attendees have encountered in putting together and managing an actuarial professional development program.
Source:
2002 Annual Meeting
Type:
concurrent
Moderators:
Ann Conway
Panelists:
Jill Petker, Elizabeth DePaolo, Edwin Felice
Keywords:
actuarial professional development
