Valuation

We are still seeking your help finalizing our exam grading rosters for this sitting, specifically for these exams:

Exam 5: Basic Ratemaking and Estimating Claims Liabilities,
Exam 6U: Regulation and Financial Reporting (US)
Exam 7: Estimating Liabilities, Valuation, and ERM
Exam 9 Financial Risk and Rate of Return.

A new Casualty Actuarial Society (CAS) Research Paper provides the first detailed road map for understanding and quantifying the impact of wildfire mitigation on homeowners insurance premiums. Catastrophe Models for Wildfire Mitigation: Quantifying Credits and Benefits to Homeowners and Communities explores the need for catastrophe models to perform the quantification of mitigation efforts, outlines actuarial considerations and approaches for developing wildfire mitigation premium credits, and describes challenges in obtaining data and implementing mitigation premium credits.

The Actuarial Standards Board (ASB) of the American Academy of Actuaries approved for exposure a revision of Actuarial Standard of Practice (ASOP) No. 29 now titled, Expense Provisions for Future Cost Estimates for Prospective Property/Casualty Risk Transfer and Risk Retention.

Four Sections of the International Actuarial Association, including AFIR-ERM (Financial Risks and ERM) and IACA (Consulting), invite you to a joint virtual Colloquium which will take place online between 11-15 October 2021.