Personal Lines

We are seeking strong presenters who can speak on the theme of “The Latest Advancements in Passenger & Commercial Vehicles”.

The CAS Research Council is issuing a Request for Proposals (RFP) to generate a brief which discusses potential unintended impacts on protected classes other than race or ethnicity when mitigating racial bias in insurance rating.

A new report from the Canadian Institute of Actuaries (CIA) and the Casualty Actuarial Society (CAS) analyzes the impact of marijuana decriminalization on the vehicular accident experience in Canada and the United States. The study did not detect any statistically significant impacts of decriminalization on the car accident fatality rate, insurance claim frequency or average cost per claim, particularly over the long term.

The Casualty Actuarial Society yesterday announced the winners of the first-ever CAS Hacktuary Challenge, a contest designed to showcase the actuarial skill set in developing novel risk engineering solutions. Entrants were challenged to create an end-user application that would be actuarially grounded but address a risk management problem of relevance to a typical consumer. The challenge also required that all code for the application be made publicly available on the CAS’s GitHub site.

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 Annual Meeting Planning Working Group (AMPWG) issues the Call for Presentations for the 2022 Annual Meeting. This will be a hybrid event with in-person only sessions and in-person with livestream sessions (for a virtual audience). We are looking for submissions for both types of sessions.

What elements make a risk insurable by the insurance industry, and how do these apply in a pandemic? The Casualty Actuarial Society recently published a new research brief for members and risk management experts, exploring the heart of the business interruption insurance issue that became prevalent during the COVID-19 pandemic.