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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.
CS-10: Cyber Claims Update
Source:
2023 CAS Spring Meeting
Type:
Concurrent Session
Moderators:
Andrew Li
Panelists:
Andy Obuchowski, Lauren Winchester
CS-1: A Good Graph Is Worth a Million Dollars
Source:
2023 CAS Spring Meeting
Type:
Concurrent Session
Moderators:
Cristina Pop
Panelists:
Jamie Mackay
WF-3: Wildfire: Still a Hot Topic in the Wild West
Source:
2023 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Moderators:
Kathy Knudson
Panelists:
Yinpok (Robert) Lee, Taylor Deacon
WF-2: "Elemental" Movie (Special Screening) & Discussion
Source:
2023 Ratemaking, Product and Modeling Seminar
Type:
Meeting Event
Moderators:
Jamie Mills
Panelists:
Alexandra Syphard, Ralph Bloemers
WF-1: Mitigation that Matters: Wildfire Case Study
Source:
2023 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Moderators:
Katie Pipkorn
Panelists:
Margaret Brinkmann, Tom Larsen, Katherine Pipkorn
R-9: Special Considerations and Innovation in Loss Ratio Estimation
This session will (1) explore special considerations in portfolio loss ratio estimation; (2) explore potential model-informed enhancements to traditional actuarial methods; and (3) argue that traditional methods have had remarkable staying power due to insulation from market forces, but that insulation is coming to an end.
Source:
2023 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Moderators:
Don Hendriks
Panelists:
Anand Khare, Mark Shoun
Keywords:
Commercial Lines (9999),Ratemaking (101),Statistical Models and Methods (810)
R-8: Call Paper Program: Nonlife Insurance Risk Classification Using Categorical Embedding
We are excited to have Dr. Peng Shi and co-author share about their award-winning paper on Nonlife Insurance Risk Classification Using Categorical Embedding.
This talk presents several actuarial applications of categorical embedding in the context of nonlife insurance risk classification. In nonlife insurance, many rating factors are naturally categorical and often the categorical variables have a large number of levels. The high cardinality of categorical rating variables presents challenges in the implementation of traditional actuarial methods. Categorical embedding that is proposed in the machine learning literature for handling categorical variables has recently received attention in actuarial studies. The method is inspired by the neural network language models for learning text data and maps a categorical variable into a real-valued representation in the Euclidean space. Using a property insurance claims data set, we demonstrate the use of categorical embedding in three applications. The first shows how embeddings are used to construct rating classes and calculate rating relativities for a single insurance risk. The second concerns predictive modeling for multivariate insurance risks and emphasizes the effects of dependence on tail risks. The third focuses on pricing new products where transfer learning is used to gather knowledge from existing products.
Source:
2023 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Moderators:
Jamie Mills
Panelists:
Peng Shi
R-7: Information and Incentives in Reinsurance Contracts
Source:
2023 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Moderators:
Katie Pipkorn
Panelists:
Nathan Lord, Frank Schmid
R-5: Agricultural, Farm & Ranch Insurance: Practicing in the Actuarial Back Forty
Farmowners insurance is a $5b segment, placing it ahead of business lines like product liability, flood, and earthquake. Yet, you've probably never heard a presentation on it. Hear from some actuaries at companies where agricultural products are the main focus, and learn how their experience differs from working on the larger product lines.
Source:
2023 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Moderators:
Steven Phillips
Panelists:
Brant Wipperman, James Heidt, Steven Phillips
R-4: Location, Location, Location: Importance of Geocoding Accuracy in Pricing Natural Catastrophes and Concentration Risk
Source:
2023 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Moderators:
Howard Kunst
Panelists:
Garrett Bradford, Greg Dietzen
Keywords:
Data Management and Information (200),Data Quality (204),Ratemaking (101)
R-3: Ratemaking for InsurTechs
The session will provide two case studies of innovative ratemaking techniques for insurtech products. These ratemaking techniques can be applied to more traditional insurance products to innovate The first case study will focus on an insurtech homeowners carrier. Insurtechs looking to enter more traditional lines of insurance are faced with the challenge of how to differentiate their product in a heavily saturated and competitive marketplace. This case study will focus on how innovative ratemaking techniques can be applied to allow for new product features that better match rates to risk and allow for product differentiation in the marketplace. This will include a demonstration of innovative features recently incorporated into an insurtech homeowners program. The second case study will focus on insurance for cryptocurrency mining operations. Insurtechs in new emerging markets face the challenge of developing products for potentially complex risks with limited data. This case study will provide a high level overview of how insurtechs apply traditional ratemaking techniques to new and emerging risks. This will include a demonstration of how the rates for a new cryptocurrency mining operations insurance product were developed.
Source:
2023 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Moderators:
Sheri Scott
Panelists:
Nickolas Alvarado, Christine Perkovich O'Brien, Blair Baldwin
Keywords:
Commercial Lines (9999),Personal Lines (8888),Ratemaking (101)
R-2: Back Through the Looking Glass(es): An Actuarial and Economic Look at the Workers Compensation System
Source:
2023 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Moderators:
Carolyn Wise
Panelists:
Carolyn Wise, Patrick Coate
Keywords:
Ratemaking (101)
R-1: Bias Discussion 2.0: Fairness in Insurance Modeling
There has been a significant amount of discussion, debate, and research around the examination of rates and actuarial models for potential bias against protected classes. This has led to several potential approaches to measuring and mitigating potential bias. As with any emerging area, moving from a theoretical construct to practical implementation can be a challenge, and often results in unexpected implications. This session will cover the practical considerations around the implementation of several methods for measuring and mitigating potential bias. Examples of these practical considerations will be provided.
Several ideas and approaches exist for quantifying 'fairness' in predictive model results. This session uses concrete examples to show the pros and cons. Is using a predictor that is correlated with a restricted attribute always bad? What do the fairness metrics of Independence, Separate and Sufficiency mean?
Source:
2023 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Moderators:
Joey Sveda
Panelists:
Christopher Cooksey, Gary Wang
Keywords:
Personal Lines (8888),Ratemaking (101),Regulation and Law (230),Statistical Models and Methods (810)
PR-5: Partner with Compliance for Product Development
Learn how policy wording affects your actuarial work and better understand how to work with state regulators. This session will be based around an interactive game based on an insurance policy wording case study. We will focus on homeowners and commercial auto examples.
Source:
2023 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Moderators:
Reese Mularz
Panelists:
Reese Mularz, Courtney Burke, Christine Perkovich O'Brien
PR-4: Professionalism Scavenger Hunt
Source:
2023 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Moderators:
Ken Williams
Panelists:
Ken Williams, John Gleba, Josh Taub
PR-3: Perspectives on Current Events in California's Insurance Market
California is the nation's largest insurance marketplace, and also known to be forward-thinking in the face of climate change and economic challenges. Hear a panel of experts discuss recent developments in personal auto and homeowners insurance. Likely topics of discussion include: (1) new wildfire mitigation regulations and how California FAIR Plan is responding to the new regulations by using its vast amount of wildfire exposure and loss data to calculate and introduce new mitigation discounts in a way that insurance companies can use; (2) rate approvals in the post-COVID era and how you can improve the quality of California rate and class plan, form and rule filings; (3) implementation of SB 1107 which will require new financial responsibility minimums for auto liability; and (4) public policies that both regulators and the industry must consider to support a healthy and stable insurance marketplace.
Source:
2023 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Moderators:
Joyce Hwu
Panelists:
Spencer Kook, Sheri Scott, Kenneth Allen
Keywords:
Personal Lines (8888),Ratemaking (101),Regulation and Law (230)
Source:
2023 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Moderators:
Mary Jo Kannon
Panelists:
Bob Miccolis, Shawna Ackerman, Mary Jo Kannon
Keywords:
Ratemaking (101),Regulation and Law (230)
PR-1: Florida Homeowners: Double Trouble
Source:
2023 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Moderators:
Klayton Southwood
Panelists:
Klayton Southwood, Trevar Withers
Keywords:
Ratemaking (101),Personal Lines (8888),Reserving (130)
PI-9: GPT-3 and the Actuarial Landscape: An Overview of Large Language Models and Applications
Source:
2023 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Moderators:
Kim Ward
Panelists:
Olivier Brown, Hugo Latendresse, Sabrina Tan
PI-8: Cyber Product
Source:
2023 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Moderators:
Kiki Wang
Panelists:
Matthew Savolskis, Dean Guo
Keywords:
Data Management and Information (200),Enterprise Risk Management (150),Extreme Event Modeling (932),Terrorism Modeling (934),Commercial Lines (9999)
PI-7: Quantum Computing and Insurance
Quantum Computing is out there, but when and how might it impact insurance operations and actuarial work? This session is a primer on Quantum Computing - what it is, the current status of development, and possible applications in the insurance space.
Source:
2023 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Moderators:
Kim Ward
Panelists:
Christopher Cooksey, Jason Kichen
PI-6: Underwriting a Greener Future
Source:
2023 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Moderators:
Steve Bennett
Panelists:
Matt Coleman, Jaesung Park, Stephen Bennett, Sherry Huang
Keywords:
Commercial Lines (9999),Enterprise Risk Management (150),Reinsurance (610),Ratemaking (101)
PI-4: Unlocking the True Value of ADAS
Adaptive Driver Assistance Systems (ADAS) are being incorporated into more vehicles on the road today. While these systems are designed to reduce accidents and save lives, the impact on insurance costs is not as clear. One reason for this is that the presence of these systems was not easily determined, and some of the systems have been slow to appear in existing vehicles, which has delayed the emergence of experience. Pinnacle will present the results of research on the true impact of ADAS on the frequency of accidents, and the ultimate costs related to injuries and repairs.
Source:
2023 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Moderators:
Roosevelt Mosley
Panelists:
Gaetan Veilleux, Joey Sveda, Roosevelt Mosley
Keywords:
Data Management and Information (200),Data Mining (813),Personal Lines (8888),Ratemaking (101)
PI-3: Actuaries in Tech Panel Discussion
A live discussion among actuaries working in the technology space, by Actuaries at Tech companies, InsurTech companies, and innovation areas of traditional insurers.
Source:
2023 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Moderators:
Brian Fannin
Panelists:
Kathryn Koch, Kevin McBeth, Thomas Holmes, Kathleen Ores Walsh, Brian Fannin
Keywords:
Personal Lines (8888),Commercial Lines (9999),Regulation and Law (230),Data Management and Information (200),Ratemaking (101),Statistical Models and Methods (810),Data Visualization (825)
PI-2: Driving Change: Telematics and AI in Commercial Auto
Over the last decade, Commercial auto has struggled to be a profitable line of business for most insurers. This trend improved during the COVID pandemic with reduced driving, but there is skepticism in the market that this is a long term turn around.
Telematics provides new companies a way to disrupt long established business models and for established companies, innovations to improve their pricing and underwriting. The challenges for both types of companies has been an overall lack of commercial auto telematics data. Combining the right data with AI technology, telematics scoring looks to solve the woes of this long beleaguered market.
In this session, we will discuss how to leverage data and AI to more accurately price and underwrite commercial auto risk and how an innovative startup is leveraging this technology to break into the market.
Source:
2023 Ratemaking, Product and Modeling Seminar
Type:
Concurrent Session
Moderators:
Kiki Wang
Panelists:
Lawrence Baeder, Cletus Nunes, Alex Carges
