CS-34: Professionalism Scavenger Hunt
Source:
2023 CAS Spring Meeting
Type:
Concurrent Session
Panelists:
Sydney McIndoo, FCAS, Sasha Wiegand
CS-33: Predicting Liability Losses for Autonomous Driving
Source:
2023 CAS Spring Meeting
Type:
Concurrent Session
Moderators:
Tetteh Otuteye
Panelists:
Rafael Costa, Corey Rousseau
CS-32: Mitigation That Matters: A Wildfire Case Study
In recent years, insurers have been increasing rates, non-renewing risks and refining their rating plans to account for wildfire risk. While these actions may address insurer profitability, they do little for the homes in high-risk areas who see premium increases, policy non-renewals, and commonly are denied new policies by insurance companies even if mitigation efforts have been put in place. Hurricane mitigation credits have long existed in insurance rating plans in exposed states, but wildfires have only recently become financially significant enough to necessitate similar pricing actions from the insurance industry. To date, few companies offer discounts for property-specific home hardening or community mitigation efforts. For the companies who have filed such discounts, they are often modest and judgmentally quantified. Appropriate quantification of the impacts of various mitigation efforts can benefit both insurers and consumers, as well as inform public policy and public safety decisions. In this session we will discuss actuarial considerations and approaches for developing wildfire mitigation credits and the results of the wildfire mitigation case studies presented in the paper Catastrophe Models for Wildfire Mitigation: Quantifying Credits and Benefits to Homeowners and Communities.
Source:
2023 CAS Spring Meeting
Type:
Concurrent Session
Panelists:
Taylor Deacon, Michael Glavan
CS-31: Medical Professional Liability Update
Source:
2023 CAS Spring Meeting
Type:
Concurrent Session
Panelists:
Robin Davis
CS-3: An Overview of Insurance Associated Emissions
Source:
2023 CAS Spring Meeting
Type:
Concurrent Session
Panelists:
Kyle Austin, Neha Srivastava, Adam Kallin, FCAS
CS-29: Marijuana Decriminalization & Auto Risks
Source:
2023 CAS Spring Meeting
Type:
Concurrent Session
Moderators:
Jeremy Shoemaker, FCAS MAAA CERA
Panelists:
Brian Fannin, Chuck Farmer
CS-28: International Banking
Source:
2023 CAS Spring Meeting
Type:
Concurrent Session
Panelists:
Michael Tichareva
CS-27: Inflation: Latest Trends and How to Reserve for It
Source:
2023 CAS Spring Meeting
Type:
Concurrent Session
Moderators:
Benoit Carrier, FCAS
Panelists:
Dale Porfilio, Jon R. Sappington, FCAS, MAAA
CS-26: Breaking the Mold: The Surprising Growth of Fronting Insurance Carriers and Managing General Agents
This sessions begins with a short history and the evolution of the state of the market for P&C fronting carriers, especially its role in allowing MGAs, insurtechs and other start-ups to get to market. MGAs/MGUs are one of the fastest growing parts of the P&C market, but even within the dynamic MGA/MGUs ecosystem the front and risk participating fronts are growing even faster.
Source:
2023 CAS Spring Meeting
Type:
Concurrent Session
Moderators:
Isaac Espinoza
Panelists:
Somil Jain, Kim Ho Lo, FCAS, MAAA
CS-25: GPT and the Actuarial Landscape: An Overview of Large Language Models and Applications
Source:
2023 CAS Spring Meeting
Type:
Concurrent Session
Panelists:
Hugo Latendresse, Adam Lewis, Sabrina Tan
CS-24: Got My Credentials, What's Next?
This session will introduce concepts and ideas for career development and progression on non-technical skills. The speakers will deliver a presentation on career paths and self-advocacy, followed by a panel Q&A.
Source:
2023 CAS Spring Meeting
Type:
Concurrent Session
Moderators:
Jianyu Chen, MA, ACAS
Panelists:
Charlie Lei, Amber Rohde, Charles Zhu
CS-23: Flip Phones of the Industry: Modernizing Insurance Operations
Source:
2023 CAS Spring Meeting
Type:
Concurrent Session
Panelists:
Jennifer Fiorita, Aaron Wright, FCAS, CPCU
CS-22: Evaluating and Selecting a Bayesian MCMC Model
This session will walk through the process of evaluating and selecting a Bayesian MCMC model from amongst a set of models. The models were created to develop loss reserve estimates. Sometimes, one can have multiple models which produce plausible results and how to select between those models to find the one that is the best model or choosing to use model averaging may not be clear the first time one uses Bayesian MCMC. Occasionally, a model will generate warning messages indicating that there were numerical problems in the iterative process used to solve for parameters which would make using a given model unsafe and there will be an example to illustrate what that looks like and the diagnostic tools available. The intent of the session is to offer examples to those new to using Bayesian MCMC to illustrate how to use the tools at hand to help with the decision process. There will be some comments during the presentation to point out how the current set of tools has helped make working in the Bayesian MCMC modeling environment more practical in recent years. The session will not cover the theory underlying the tools that are demonstrated.
Source:
2023 CAS Spring Meeting
Type:
Concurrent Session
Moderators:
Meagan Mirkovich, FCAS
Panelists:
Michael Larsen
CS-21: ESG in Insurance: From Vision to Sustainable Impact
Source:
2023 CAS Spring Meeting
Type:
Concurrent Session
Moderators:
Michelle Cui
Panelists:
Jonathan Charak, Tom Larsen, Frederic Matte
CS-20: ERM Case Study (interactive Participation): Risk/Reward Decision-Making Strategy ,Considering ERM Standards of Practice
In this session we will be discussing 2-3 case studies with interactive participation. The panelists will then lead the audience in corresponding discussions as the case studies relate to some of the ERM actuarial standards of practice. Join us in an interactive discussion and on the spot polling.
Source:
2023 CAS Spring Meeting
Type:
Concurrent Session
Panelists:
Mike Speedling, Robert F. Wolf
CS-2: Introduction to Accurate GLM
In traditional generalized linear models (GLMs), categorical features are often treated with one-hot encoding. However, this method of encoding removes any ordering information inherent in the data. With accurate GLM, we propose to utilize an alternative encoding approach that allows us to preserve the ordering information. In this presentation, we will introduce the accurate GLM approach to modeling and discuss what motivated the approach. We will make a comparison of this approach to traditional GLM and generalized additive model (GAM) approaches and illustrate the approach through simulated data modeling exercises and a case study.
Source:
2023 CAS Spring Meeting
Type:
Concurrent Session
Moderators:
Michael K. Chen, FCAS, MAAA, CSPA
Panelists:
Liam McGrath, ACAS, Gary Wang
CS-19: ERM Best Practices: Managing the Most Uncertain Risk on the Balance Sheet: Loss and Loss Adjustment Expense Reserves
Source:
2023 CAS Spring Meeting
Type:
Concurrent Session
Panelists:
Raju Bohra, Adam Carvalho, Robert F. Wolf
CS-18: ERM Best Practices: Building a Balanced Risk Profile in the Light and in the Dark
Source:
2023 CAS Spring Meeting
Type:
Concurrent Session
Panelists:
David Ingram, CERA, FRM, PRM, William Wilkins
CS-17: Emerging Risk: Identifying Emerging Risk while Differentiating Unknown Unknowns with Elephants in the Room
In recent years, there have been some watershed events that have changed traditional thinking about risk, at least for a period. Did we think of 9/11 on September 10, 2002? Did we think of pandemics before March 2020. Were they truly unknown unknowns that just happened (black swans) or where they elephants in the room? Were they predictable? This session will take you on an interactive excursion of the current risk environment. We are saving a seat for you on this excursion. The plan is for interactive dialogue amongst the speakers and the audience in an interactive discussion.
Source:
2023 CAS Spring Meeting
Type:
Concurrent Session
Moderators:
Robert F. Wolf
Panelists:
David Ingram, CERA, FRM, PRM, William Wilkins
CS-16: Effective Data Visualization for Actuaries
Source:
2023 CAS Spring Meeting
Type:
Concurrent Session
Moderators:
Meagan Mirkovich, FCAS
Panelists:
Jordan Bonner, FCAS, Brian Fannin
CS-15: Do You Have What It Takes to Be in the C-suite?
C-suite executives have a range of skills outside of their technical skills. Some of the most important skills are leadership and communication, as well as motivating and managing staff. These skills are typically not learned through textbooks but are acquired through practice. This session will highlight approaches that actuaries can use to develop these skills. This session will also focus on some of the hurdles that different groups may face in the current workplace (e.g. women, younger versus older generations, different cultures, etc.) and discuss approaches for overcoming the hurdles.
Source:
2023 CAS Spring Meeting
Type:
Concurrent Session
Moderators:
Jen Jabben, FCAS, MAAA
Panelists:
Brian Brown, Yvonne Palm, Amber Rohde
CS-14: Do Underwriters Dream of Cyber CATs?
Source:
2023 CAS Spring Meeting
Type:
Concurrent Session
Moderators:
Andrew Li
Panelists:
Ed Pocock, Ryan Wilkins
CS-13: Deep Dive on the Code of Conduct 2.0
Source:
2023 CAS Spring Meeting
Type:
Concurrent Session
Moderators:
Ronald T. Kozlowski, FCAS, MAAA
Panelists:
Ronald T. Kozlowski, FCAS, MAAA, Mike Speedling, Pat Teufel
CS-12: Decoupling Selected Ultimate from Deterministic
Source:
2023 CAS Spring Meeting
Type:
Concurrent Session
Panelists:
Timothy Pratt
CS-11: Cyber Tech Enabled Underwriting
Source:
2023 CAS Spring Meeting
Type:
Concurrent Session
Moderators:
Andrew Li
Panelists:
Peter Hedberg, Chris Hedenberg