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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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Recorded content is searchable by Capability Model attribute and level in the CAS Online Library.
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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-14: Dislocation Analysis: Segment Detection of Disrupted Rates
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.
Source:
2022 Annual Meeting
Type:
Concurrent Session
Moderators:
Frank Gribbon
Panelists:
Robert Zolla; Thomas Holmes
Keywords:
Ratemaking
CS-13: Deep Dive on the Code of Conduct 2.0
Source:
2022 Annual Meeting
Type:
Concurrent Session
Moderators:
Kendall Williams
Panelists:
Patricia Teufel; Ronald Kozlowski; Kenneth Hsu; Kendall Williams
Keywords:
Professionalism
CS-12: Commercial Auto - At Crossroads?
After years of adverse loss development and rate increases, are the commercial auto results finally improving?
The first speaker will go over the historical auto results.
The second speaker will provide insights on these results (results are not the same for all commercial auto players, etc,,,).
Both speakers will conclude by providing their 2023-24 forecast for commercial auto.
Source:
2022 Annual Meeting
Type:
Concurrent Session
Moderators:
Ben Carrier
Panelists:
Thomas Kenia; Timothy McCarthy
Keywords:
Emerging Issues
CS-11: Challenges and Tips for Researching DEI Topics
"The Casualty Actuarial Society, the Society of Actuaries and the Society of Insurance Research have started developing research addressing DEI topics. The panelists will briefly present overview of their research and will share their perspectives on common challenges faced across the stages of research:
• Planning relevant and timely research with a long timeline
• Getting appropriate data and resources to support your research
• Communicating research on topics that may be controversial"
Source:
2022 Annual Meeting
Type:
Concurrent Session
Moderators:
Jean-Marc Fix
Panelists:
Jean-Marc Fix; Mallika Bender; Lisa Schilling; Sharla Floyd
Keywords:
Bias
CS-10: CAS Admissions Department Updates
Please join the Admissions team for an update on the Admissions Transformation Plan. We will discuss the exciting work that has been completed thus far as well as planned work for next year.
Source:
2022 Annual Meeting
Type:
Concurrent Session
Panelists:
Maggie Lyons; Ashley Zamperini; William Wilder
Keywords:
CAS
CS-1: AM Best Mock Rating Hearing
This session provides look at the AM Best rating committee process. A hypothetical insurance company will be used to illustrate the typical rating committee meeting process. included will be illustrations and examples of how A.M. Best looks at items such as innovation, ESG, and Enterprise Risk Management, BCAR, and operating performance in combination. This session is meant to be interactive with the audience to the extent that the audience will be allowed to provide their assessments (through voting) to the four components of the rating process, including voting on whether to upgrade, downgrade, or keep neutral the rating of the hypothetical company. The session will include Q&A where audiences can ask specific inquiries and clarifications on the rating process, especially on how AM Best values ERM, ESG, and innovation.
Source:
2022 Annual Meeting
Type:
Concurrent Session
Moderators:
Bob Wolf
Panelists:
Victoria Riggs
Keywords:
Enterprise Risk Management
ST-6 - The Russia/Ukraine Conflict’s Impact on P/C (Re)Insurers and S&P’s Ratings in the Sector
This session will review S&P’s current ratings outlook for the U.S. Property/Casualty and Global Reinsurance sectors, including the direct and indirect impacts of the Russia/Ukraine conflict on the earnings and capitalization of the insurers in these sectors.
Source:
2022 Casualty Loss Reserve Seminar
Type:
Concurrent Session
Moderators:
Elaine Brunner
Panelists:
John Iten
ST-5 - IFRS 17: What's the Punchline?
IFRS 17 doesn't directly impact me now, but I still need to know the punchlines - what are they?
This presentation will summarize the key methodologies and requirements under IFRS 17, which becomes effective for many internationally reporting insurers on January 1, 2023. We will then introduce the challenges, how actuaries are getting involved, and some key aspects of the emerging operational practices.
Source:
2022 Casualty Loss Reserve Seminar
Type:
Concurrent Session
Moderators:
Chris Holt
Panelists:
Armin Yousefi; Marc Oberholtzer
ST-4 - How to Hybrid
Source:
2022 Casualty Loss Reserve Seminar
Type:
Concurrent Session
Moderators:
Tina Gwilliam
Panelists:
Tina Gwilliam; Simon Day; Kristen Bessette
ST-3 - Beyond Excel: A Critical Examination of the Actuarial Toolkit
Source:
2022 Casualty Loss Reserve Seminar
Type:
Concurrent Session
Moderators:
Leslie Marlo
Panelists:
Brian Fannin
ST-2 - Best Practices for Actuarial Departments
Best in class actuarial departments not only provide high quality actuarial work, they also communicate useful, understandable and actionable information to management so that management can make better business decisions. We collected data from several chief actuaries, asked several insurance executives for comments and relied on our review of several actuarial departments to outline some best practices. This session will cover the best practices.
Source:
2022 Casualty Loss Reserve Seminar
Type:
Concurrent Session
Moderators:
Kevin Donnelly
Panelists:
Brian Brown; Lori Julga; James Merz
ST-1 - A Good Graph is Worth a Million Dollars
Source:
2022 Casualty Loss Reserve Seminar
Type:
Concurrent Session
Moderators:
Charlie Lei
Panelists:
James Mackay
RM-4 - When Enough is Enough: Leveraging Capital throughout the Life of a Captive
Source:
2022 Casualty Loss Reserve Seminar
Type:
Concurrent Session
Moderators:
Laura Maxwell
Panelists:
Daniel Linton; Laura Maxwell
RM-3 - Reserving Methodologies to Account for Inflation
The presentation will discuss recent economic drivers of inflation, including major inflation indices. Along with this, we will discuss key considerations when estimating the relationship between economic inflation and claims inflation, discussing inflation series, coverages, limits, and attachments. Additionally, we will discuss how to amend traditional methods to adjust for historic and future claims inflation, both deterministically and stochastically and use the Fischer-Lange Method to reflect specific inflation scenarios.
Source:
2022 Casualty Loss Reserve Seminar
Type:
Concurrent Session
Moderators:
Chandu Patel
Panelists:
Ashley Wohler; Jonathan Sappington
RM-2 - Ceded Reserving – It’s Not as Simple as Subtraction
This session will be a discussion of the pros and cons of various approaches to estimating ceded loss reserves. We will cover various data organization approaches as well as various actuarial techniques and what potential shortfalls may come from utilizing these methods. Finally, this session will help you tackle some of the more "difficult-to-quantify" loss sensitive features of reinsurance including aggregate deductibles.
Source:
2022 Casualty Loss Reserve Seminar
Type:
Concurrent Session
Moderators:
Debbie King
Panelists:
Rachel Dolsky; Joseph Milicia
RM-1 - Can’t Stand the Heat: Climate Change, Measuring Physical Risk and Financial Disclosures
With climate risk rising and attention to climate risk by policymakers, regulators and companies rising even faster, this panel will examine risk management issues related to climate change from three angles: First, we will examine the measurement of the changing risk, exemplified by the Actuaries Climate Index and the Actuaries Climate Risk Index measures of climate extremes. We will focus this discussion on changes being contemplated in these indices as the sponsoring actuarial associations move towards revised versions of both. Second, we will examine climate-related financial disclosures and the opportunities they present for enhancing risk management. We will also focus on ways in which the current generation of disclosures, built around the Task Force on Climate-related Financial Disclosures (TCFD) framework, might be improved. Finally, we will discuss both the measurement of risk and climate risk disclosures from the perspective of companies seeking to improve their risk management practices with respect to climate change. This session will have two virtual speakers.
Source:
2022 Casualty Loss Reserve Seminar
Type:
Concurrent Session
Moderators:
Steve Jackson
Panelists:
Steven Jackson; Stephen Kolk (Virtual Speaker); Peter Ott (Virtual Speaker)
PD-5 - The Revised USQS: A Primer for P&C Actuaries
The US Qualifications Standards (USQS) was amended effective in 2022. This session will describe the USQS with an emphasis on the amendments that impact property/casualty actuaries. As an added bonus, the session will talk about best practices for maintaining Continuing Education Records. The session will be topped off with some polling questions to spark some discussion.
Source:
2022 Casualty Loss Reserve Seminar
Type:
Concurrent Session
Moderators:
Ken Williams
Panelists:
Lisa Slotznick; Kendall Williams
PD-4 - The Actuary as an Expert Witness
One of the most challenging roles an actuary can take on is that of an expert witness. The level of precision required and the contentious nature of most hearings and trials increase the scrutiny of the actuarial work product and of the oral testimony. This session will discuss the variety of types of expert witness, the phases of a trial, and provide some advice for actuaries in expert witness situations. These tips are based on professional guidance and years of experience as experts.
This session will have one virtual speaker.
Source:
2022 Casualty Loss Reserve Seminar
Type:
Concurrent Session
Moderators:
Robert Walling
Panelists:
Robert Walling; Bob Miccolis (Virtual Speaker)
PD-3 - Notable Changes in the ASOP 36 Exposure Draft
Actuarial practice has evolved since the current version of ASOP 36 became effective in 2011. This timely session will review the changes proposed in the current exposure draft (comment deadline is September 30, 2022).
Source:
2022 Casualty Loss Reserve Seminar
Type:
Concurrent Session
Moderators:
Rich Gibson
Panelists:
Margaret Tiller Sherwood; Mary Frances Miller; Michelle Iarkowski
PD-2 - Coffee Klatch for Opinion Writers
So, you have a few questions about your upcoming or recent opinion. You probably won't find a better place to get your answers than this session. Or maybe you have resolved an interesting issue in your opinion. Come and share your knowledge and help your fellow practitioners avoid similar problems. Need help making a better presentation to your board or senior management? These panelists are sure to have helpful insight, along with your fellow attendees. Bring your questions and take advantage of the collective experience that will be in this session.
Source:
2022 Casualty Loss Reserve Seminar
Type:
Concurrent Session
Moderators:
John Wade
Panelists:
Kathleen Odomirok; Derek Freihaut; Julie Lederer; Margaret Tiller Sherwood
PD-1 - ASOP 20
Rob Walling, the head of the ad hoc committee drafting the revision of ASOP 20 on Discounting of Claim Estimates will present an overview of the key changes, comment on input received as of the session and address questions that the audience has regarding the updates to the standard.
Source:
2022 Casualty Loss Reserve Seminar
Type:
Concurrent Session
Moderators:
Robert Walling
Panelists:
Robert Walling
LOB-7 - Unpacking Title Insurance - Past, Present … and What's Next?
The title insurance market, a large component of the property and casualty market, grew at unprecedented levels in 2020 and 2021. And, although homeowners are required to secure title insurance as a requisite to home purchase, few understand title insurance or its policy provisions. Pinnacle Principal and Consulting Actuary Art Randolph, Consulting Actuary Chris Schubert and Associate Actuary Matt Meade will explore the historical financial results of the industry and investigate correlations between title underwriting experience and broad economic metrics. The session will also consider how the title industry may be impacted by the COVID-19 pandemic, inflation and InsurTech competitors.
Source:
2022 Casualty Loss Reserve Seminar
Type:
Concurrent Session
Moderators:
Laura Maxwell
Panelists:
Arthur Randolph; Chris Schubert; Matthew Meade
LOB-6 - The Road to Vehicle Automation from an Insurance Perspective
IIHS-HLDI researchers have recently completed groundbreaking research that significantly expands our understanding of the impact of advanced driver assistance systems (ADAS) and driving automation on highway safety and auto insurance. Currently, the most advanced vehicles for sale in the US have Level 2 automation, but the effect on claim frequency is mixed for these systems. The impact of these systems on repair costs and collision claim severities is complex. The enabling sensors can be expensive when damaged becasuse in addition to being replaced, they often need to be recalibrated. However, a deep look at the affected claims has revealed that at least some of the changes in claim severities are due to mean shifting related to the operational speeds of the systems. Finally, the variability in effectiveness of advanced driver assistance systems by vehicle age, driver age, mileage, and registered vehicle density will be examined.
Source:
2022 Casualty Loss Reserve Seminar
Type:
Concurrent Session
Moderators:
Elaine Brunner
Panelists:
Kay Wakeman; Matthew Moore
LOB-5 - The D&O Cycle: Wash, Rinse and Repeat
It is becoming painfully clear that despite a massive inventory of open SCA claims, the evolving threat of derivative litigation, and quickly worsening economic conditions. any hope for a market stabilization period is being dashed. The rate pendulum in Public D&O is swinging back and picking up steam. Driven by a confluence of events, but at its core it is a story of "supply and demand". Too much capacity chasing demand growth that is failing expectations.
Source:
2022 Casualty Loss Reserve Seminar
Type:
Concurrent Session
Moderators:
Laura Maxwell
Panelists:
Gregory Spore
LOB-4 - State of Commercial Automobile Insurance
The commercial automobile insurance industry has experienced significant changes over the past few years. This session will discuss historic financial results, the current market & trends, commercial automobile challenges, recent events and future considerations. These current trends will include but not be limited to COVID-19, social inflation and new technology. Different perspectives will be considered, including a consulting actuary, an auditor and a commercial insurer actuary.
Source:
2022 Casualty Loss Reserve Seminar
Type:
Concurrent Session
Moderators:
Chandu Patel
Panelists:
Gregory Fears Jr.; Michael Brannon; Christian Tieman
