CAS CLRS 2022 - Session Browser

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Monday, September 19

7:00am CDT	Workshop Registration show more Description Separate registration for workshops is required. Time Monday, Sep 19 7:00AM - 1:30PM CDT Location Majestic Ballroom Foyer
8:00am CDT	WS-1: Maximizing the Value of Your Actuarial Report and Opinion Kathleen Odomirok, EY; Derek Freihaut, Pinnacle Actuarial Resources, Inc.; Mary Frances Miller, Select Actuarial Services; Susan Gozzo Andrews, State of Connecticut Insurance Dept. show more Description Your actuarial opinion and reports are reviewed and analyzed for appropriateness to different stakeholders, including company management, auditors, regulators, court officials and jurors. Each group has different needs for information and you will want to be able to communicate effectively to all. This workshop will deepen your expertise on the latest requirements for P&C Statements of Actuarial Opinions with a review of actuarial qualification standards, standards of practice and interactive case studies. The workshop will offer attendees the opportunity to: • Gain an understanding of regulatory/company/auditor perspectives and expectations. • Remain up to date on the latest regulations and standards. • Delve deeper into subjects such as RMAD, ranges, documentation, data and report writing. • Focus on communicating effectively to various stakeholder groups. Time Monday, Sep 19 8:00AM - 4:00PM CDT Location Washington Speakers Kathleen Odomirok EY Derek Freihaut Pinnacle Actuarial Resources, Inc. Mary Frances Miller Select Actuarial Services Susan Gozzo Andrews State of Connecticut Insurance Dept. WS-2: Reserving Boot Camp Jane Taylor, Huggins Actuarial Services, Inc.; D. Scott Lamb, McKee Risk Management; R. Scott Cederburg, BDO show more Description What better way to jump start or refresh your loss reserving skill than in this four-part loss reserving bootcamp? This series will enhance your basic and intermediate skills and prepare you for the more advanced loss reserving topics to be presented. Participants will evaluate and estimate reserves, from data organization to selecting the best estimate. Using hands-on learning, participants will work with experienced loss reserving professionals, using realistic loss and expense claims data. Sessions’ goals are to build triangles; compute and select loss development factors; perform a variety of loss and loss adjustment expense reserving methods; compare the results of the various methods and their strengths and weaknesses; review additional information and take that into consideration in the methods and estimates; and make final reserve selections. This workshop is appropriate for actuaries as well as non-actuaries. Time Monday, Sep 19 8:00AM - 4:00PM CDT Location Majestic F Speakers Jane Taylor Huggins Actuarial Services, Inc. D. Scott Lamb McKee Risk Management R. Scott Cederburg BDO
9:30am CDT	Workshop Morning Refreshment Break show more Description Separate registration for workshops is required. Time Monday, Sep 19 9:30AM - 10:00AM CDT Location Majestic E
11:30am CDT	Workshop Luncheon show more Description Separate registration for workshops is required. Time Monday, Sep 19 11:30AM - 12:30PM CDT Location Majestic E
12:30pm CDT	WS-4: Loss Reserving with R Brian Fannin, Casualty Actuarial Society show more Description This workshop will provide instructions to generate loss reserve estimates using R. We will talk through basic data manipulation, and exploratory data analysis. We will then fit several predictive models to aggregate triangles and talk through selection of an appropriate model. We will project estimates of ultimate loss and conclude with a discussion about using individual claims in reserving. Attendees should have a basic understanding of R. They should have R installed and be able to install new packages. The workshop will focus on the tidyverse suite of packages, particularly ggplot2 and dplyr. The instructor cannot provide technical support. Attendees with any technical/installation concerns are encouraged to familiarize themselves with RStudio Cloud. R Installation Microlearning Series: https://www.pathlms.com/cas/courses/9242 Time Monday, Sep 19 12:30PM - 4:00PM CDT Location Majestic H Speakers Brian Fannin Casualty Actuarial Society WS-5: Triangles Reimagined Chris Gross, Cognalysis; Steven Lacke; Kristan McGraw, Cognalysis show more Description This workshop will focus on the use of Actuarial Case Reserves to solve many of the problems with triangle development (changes in mix, settlement rate, and case adequacy). By using predictive modeling techniques to develop objective algorithms for these reserves, reserving triangles can be re-built to be much more reliable and transparent (think Berquist-Sherman, but with a scalpel instead of a chainsaw). While the approach makes use of individual claim development models, framing the results back into triangles provides demonstration of the resulting algorithm’s effectiveness and stability. Benefits of using these algorithmic reserves extend not only to creating estimates of total reserve need, but to actuarial pricing work as well. While the focus of this half-day workshop will be on the creation and use of Actuarial Case Reserves, we will also discuss the concept of Policy-Level IBNR reserves as an additional triangle layer, reflecting estimated not-yet-reported claims. No prior predictive modeling experience is necessary, but there will be two hours of pre-work to maximize the effectiveness of time spent during the workshop itself. Users will be provided access to temporary Azure workstations for a week prior to the workshop until a week after the workshop so that they can continue to explore these concepts with the sample data and tools provided. Time Monday, Sep 19 12:30PM - 4:00PM CDT Location Majestic G Speakers Chris Gross Cognalysis Steven Lacke Kristan McGraw Cognalysis
2:00pm CDT	Workshop Afternoon Refreshment Break show more Description Separate registration for workshops is required. Time Monday, Sep 19 2:00PM - 2:30PM CDT Location Majestic E
2:30pm CDT	CLRS Registration - Monday show more Description CLRS Registration - Monday Time Monday, Sep 19 2:30PM - 7:00PM CDT Location Registration & Office
4:15pm CDT	GS-1: Risk Manager Perspective – Actuarial Services Beyond Loss Reserves Paul Piazza (Virtual Speaker), Honeywell International Inc. show more Description This interview with Paul Piazza - Honeywell’s Corporate Risk Manager, will explore how large international corporations manage their property and casualty exposure and then discuss analytics actuaries can perform to help risk managers evaluate and mitigate these risks. This session will highlight some of the typical risk management activities underlying a successful self-insured program and it will also explore some of the relatively new and emerging risks such as covid, cyber, inflation and investment risk that companies are dealing with. Time will be available at the end of the presentation for audience comments and questions. Paul Piazza is the Assistant Treasurer & VP of Risk Management for Honeywell International Inc., a diversified technology and manufacturing company serving customers worldwide with over 138,000 employees in over 100 countries and revenues of over $30B. Paul manages the Corporate Risk Management Department overseeing the global property and casualty program and is the President of two captive insurers (Vermont & Bermuda). He also oversees aviation liability, nuclear liability, environmental, marine/transit coverage and the representation and warranty programs. Time Monday, Sep 19 4:15PM - 5:30PM CDT Location Majestic D Speakers Paul Piazza (Virtual Speaker) Honeywell International Inc.
5:30pm CDT	Reception with Exhibits show more Description Reception with Exhibits Time Monday, Sep 19 5:30PM - 7:00PM CDT Location Majestic Ballroom Foyer

Tuesday, September 20

7:00am CDT	RT-1: A Dialogic Approach to Building Effective Meetings Hannah Haley, Oliver Wyman Actuarial show more Description Our calendars are full of meetings- virtual, in-person, and over the phone. We spend so much of our workday in meetings, we've lost the time to strategize, brainstorm, and get creative with our workload. I've studied more effective ways to build meetings that pave the way for true dialogue and discussion. Sometimes this means less time in the zoom room, and more time brainstorming. Time Tuesday, Sep 20 7:00AM - 7:50AM CDT Location Majestic H Speakers Hannah Haley Oliver Wyman Actuarial Breakfast with Exhibits show more Description Breakfast with Exhibits Time Tuesday, Sep 20 7:00AM - 8:00AM CDT Location Majestic Ballroom Foyer RT-3: Captive Reserving Robert Walling, Pinnacle Actuarial Resources, Inc. show more Description This session will examine the unique challenges often faced by actuaries when performing loss reserve analyses for captive insurance companies. Topics may include dealing with limited claims data, selecting the most appropriate benchmarks, differences in captive accounting rules and financial statement formats, many other considerations the opining actuary may face. Time Tuesday, Sep 20 7:00AM - 7:50AM CDT Location Majestic G Speakers Robert Walling Pinnacle Actuarial Resources, Inc. RT-4: Chat with the CAS Staff Actuaries Brian Fannin, Casualty Actuarial Society; Kendall Williams, Casualty Actuarial Society show more Description This session will give attendees a chance to discuss current CAS topics, including recent CAS research, upcoming changes to admission and exams, and other other topic the wish to discuss. Time Tuesday, Sep 20 7:00AM - 7:50AM CDT Location Majestic ABC Speakers Brian Fannin Casualty Actuarial Society Kendall Williams Casualty Actuarial Society CLRS Registration - Tuesday show more Description CLRS Registration - Tuesday Time Tuesday, Sep 20 7:00AM - 6:00PM CDT Location Registration & Office RT-7: Everything is Automated … Now What Do I Do? Timothy Pratt, Liberty Mutual Insurance show more Description Automation promises to do the mundane tasks so that Actuaries can tackle the ‘value add’ (or more interesting) tasks. Where has it failed us? Where has it surpassed expectations? Where have we failed to deploy automation to advantage? Time Tuesday, Sep 20 7:00AM - 7:50AM CDT Location Washington Speakers Timothy Pratt Liberty Mutual Insurance RT-11: Professionalism Case Studies Rachel Dolsky, KPMG, LLP show more Description Roundtable to discuss professionalism situations that arise in every day practice and how to address them. Please come willing to share from your own experience (leaving names and specifics behind) and eager to participate in an active and lively conversation. Time Tuesday, Sep 20 7:00AM - 7:50AM CDT Location Majestic F Speakers Rachel Dolsky KPMG, LLP
8:00am CDT	FS-1: Economic Fundamentals and P&C Insurance Performance Michel Leonard, The Insurance Information Institute show more Description This session will provide an analytical framework to translate and quantify the relationship between macroeconomic fundamentals, such as GDP and CPI, and specific insurance metrics, such as premium growth and replacement costs. The presentation will be structured in four sections, looking at GDP and P&C growth, CPI and P&C replacement costs, economic and insurance metrics correlation, and P&C industry performance. Michel Léonard, PhD, CBE Chief Economist and Data Scientist, Head of the Economics and Analytics Department Dr. Michel Léonard, CBE, leads the Triple-I’s Economics and Analytics Department. He is responsible for providing analysis and insight on industry economics and business performance, as well as other forward-looking, data driven insurance insights. Michel brings more than twenty years of insurance experience to Triple-I, including senior and leadership positions as Chief Economist for Trade Credit and Political Risk at Aon; Chief Economist at Jardine Lloyd Thompson; Chief Economist and Data Scientist at Alliant; and Chief Data Scientist at MaKro LLC. In these roles, he worked closely with underwriters, brokers and risk managers to model risk exposures for property-casualty and specialty lines such as credit, political risk, business interruption and cyber. Michel also currently serves as adjunct faculty at New York University’s Economics Department. Previous academic appointments include Adjunct Faculty in NYU’s Center for Data Science and Adjunct Faculty at Columbia University’s Data Science Institute and Statistics Department. He was the recipient of a grant from the Spencer Educational Foundation to develop a course in data analytics for insurance. In these capacities, Michel provides a key link between the Triple-I, its Non-Resident Scholars and academia. Michel holds a Bachelors of Arts from McGill University, a Masters of Theological Studies from Harvard University, and a Masters of Arts and Doctorate of Philosophy in Political Economy from the University of Virginia, focusing on qualitative and quantitative risk modeling. He is a member of the Insurance Research Council Advisory Board., CBE, leads the Triple-I’s Economics and Analytics Department. He is responsible for providing analysis and insight on industry economics and business performance, as well as other forward-looking, data driven insurance insights. Michel brings more than twenty years of insurance experience to Triple-I, including senior and leadership positions as Chief Economist for Trade Credit and Political Risk at Aon; Chief Economist at Jardine Lloyd Thompson; Chief Economist and Data Scientist at Alliant; and Chief Data Scientist at MaKro LLC. In these roles, he worked closely with underwriters, brokers and risk managers to model risk exposures for property-casualty and specialty lines such as credit, political risk, business interruption and cyber. Michel also currently serves as adjunct faculty at New York University’s Economics Department. Previous academic appointments include Adjunct Faculty in NYU’s Center for Data Science and Adjunct Faculty at Columbia University’s Data Science Institute and Statistics Department. He was the recipient of a grant from the Spencer Educational Foundation to develop a course in data analytics for insurance. In these capacities, Michel provides a key link between the Triple-I, its Non-Resident Scholars and academia. Michel holds a Bachelors of Arts from McGill University, a Masters of Theological Studies from Harvard University, and a Masters of Arts and Doctorate of Philosophy in Political Economy from the University of Virginia, focusing on qualitative and quantitative risk modeling. He is a member of the Insurance Research Council Advisory Board. Time Tuesday, Sep 20 8:00AM - 9:30AM CDT Location Majestic D Speakers Michel Leonard The Insurance Information Institute
9:30am CDT	Refreshment Break with Exhibits - Tuesday Morning show more Description Refreshment Break with Exhibits - Tuesday Morning Time Tuesday, Sep 20 9:30AM - 10:00AM CDT Location Majestic Ballroom Foyer
10:00am CDT	ST-4: How to Hybrid Tina Gwilliam, WTW; Simon Day, AEGIS Insurance Services; Kristen Bessette, QBE North America show more Description A Gallop poll indicated that 53% of companies will use a hybrid work approach in 2022 and beyond, while 24% expect to be exclusively remote and 23% exclusively on-site. How are insurers stacking up and what does that mean for reserving teams? During this panel discussion you’ll hear from industry peers about their specific approaches – both via the moderated panel discussion and audience polls, with a focus on technology as an enabler. Time Tuesday, Sep 20 10:00AM - 11:15AM CDT Location Majestic G Speakers Tina Gwilliam WTW Simon Day AEGIS Insurance Services Kristen Bessette QBE North America LOB-3: Modern Strategies to Handle Legacy Claims Travis Grulkowski, Milliman; Rita Zona, Enstar Insurance Group show more Description Latent exposures continue to give rise to claim activity, and legacy claims such as asbestos, black lung, glyphosate, talc, sexual misconduct, opioid usage, amongst others still burden the industry. Corporations are looking to transfer these legacy risks to mitigate the unknown and provide balance sheet stability. On the other side of the market, there are many new and established entrants ready to acquire runoff liabilities to employ improved claims management strategies and creative deal structures that can lead to long-term investment gains. Legacy claim transactions often prove to be valuable for both parties. Quantification of latent liabilities requires non-standard actuarial methods and experts who can interpret underlying characteristics of the book. Sellers typically do not possess this specialized expertise or latent claims are only a small portion of the overall balance sheet liabilities. Meanwhile, some acquirers solely handle run-off liabilities or have experts who work with these types of claims every day. This creates an advantageous partnership that motivates both sides to work towards a mutually beneficial transaction. The legacy markets are currently extremely active due to the: • Interest rate environment • Number of new buyers entering market • Large corporates looking for legacy risk resolutions Dealing with latent liabilities can sometimes be a daunting task and many don’t know where to start. The goal of this session is to mitigate those concerns by providing important background on this ever-growing market, including the types of major players, primary considerations before approaching a transaction, and a brief overview of several of the solutions available for companies to more effectively manage or transfer their legacy exposures. Time Tuesday, Sep 20 10:00AM - 11:15AM CDT Location Majestic H Speakers Travis Grulkowski Milliman Rita Zona Enstar Insurance Group RM-3: Reserving Methodologies to Account for Inflation Ashley Wohler, WTW; Jonathan Sappington, WTW show more Description 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. Time Tuesday, Sep 20 10:00AM - 11:15AM CDT Location Majestic D Speakers Ashley Wohler WTW Jonathan Sappington WTW PD-4: The Actuary as an Expert Witness Robert Walling, Pinnacle Actuarial Resources, Inc.; Bob Miccolis (Virtual Speaker), Miccolis Consulting LLC show more Description 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. Time Tuesday, Sep 20 10:00AM - 11:15AM CDT Location Majestic F Speakers Robert Walling Pinnacle Actuarial Resources, Inc. Bob Miccolis (Virtual Speaker) Miccolis Consulting LLC LOB-6: The Road to Vehicle Automation from an Insurance Perspective Kay Wakeman, IIHS-HLDI; Matthew Moore, Highway Loss Data Institute show more Description 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. Time Tuesday, Sep 20 10:00AM - 11:15AM CDT Location Majestic ABC Speakers Kay Wakeman IIHS-HLDI Matthew Moore Highway Loss Data Institute LOB-7: Unpacking Title Insurance - Past, Present … and What's Next? Arthur Randolph, Pinnacle Actuarial Resources, Inc.; Chris Schubert, Pinnacle Actuarial Resources, Inc.; Matthew Meade, Pinnacle Actuarial Resources, Inc. show more Description 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. Time Tuesday, Sep 20 10:00AM - 11:15AM CDT Location Washington Speakers Arthur Randolph Pinnacle Actuarial Resources, Inc. Chris Schubert Pinnacle Actuarial Resources, Inc. Matthew Meade Pinnacle Actuarial Resources, Inc.
11:45am CDT	RM-1: Can’t Stand the Heat: Climate Change, Measuring Physical Risk and Financial Disclosures Steven Jackson, American Academy of Actuaries; Stephen Kolk (Virtual Speaker), Kolkulations LLC; Peter Ott (Virtual Speaker), Swiss Re show more Description 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. Time Tuesday, Sep 20 11:45AM - 1:00PM CDT Location Majestic F Speakers Steven Jackson American Academy of Actuaries Stephen Kolk (Virtual Speaker) Kolkulations LLC Peter Ott (Virtual Speaker) Swiss Re PD-2: Coffee Klatch for Opinion Writers Kathleen Odomirok, EY; Derek Freihaut, Pinnacle Actuarial Resources, Inc.; Julie Lederer, Missouri Department of Commerce and Insurance; Margaret Tiller Sherwood, Tiller Consulting Group, Inc. show more Description 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. Time Tuesday, Sep 20 11:45AM - 1:00PM CDT Location Majestic ABC Speakers Kathleen Odomirok EY Derek Freihaut Pinnacle Actuarial Resources, Inc. Julie Lederer Missouri Department of Commerce and Insurance Margaret Tiller Sherwood Tiller Consulting Group, Inc. AR-1: Disrupting the Actuarial Function? Kevin Donnelly, United Healthcare; Mark Shapland, Auto Club Group show more Description Business news headlines proclaim how new breeds of companies, e.g., Uber and AirBnB, have been disrupting industries, e.g., transportation and hospitality, that have been around for decades. The easy path for actuaries is to just remain steadfast in the belief that this type of disruption is not possible for the actuarial function, just like executives in the transportation and hospitality industries did in the early days of these startups, but is it the right path? Actuaries have already been under pressure to reduce costs while increasing productivity, so in this session we will explore ways actuaries can use current models to increase productivity and add more value. Time Tuesday, Sep 20 11:45AM - 1:00PM CDT Location Majestic G Speakers Kevin Donnelly United Healthcare Mark Shapland Auto Club Group ST-5: IFRS 17: What's the Punchline? Armin Yousefi, PwC; Marc Oberholtzer, PwC show more Description 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. Time Tuesday, Sep 20 11:45AM - 1:00PM CDT Location Majestic H Speakers Armin Yousefi PwC Marc Oberholtzer PwC FR-4: Perspectives From Chief Reserving Actuaries Lise Hasegawa, Farmers Insurance Group; Daniel Nishimura, Willis Towers Watson show more Description Practicing actuaries aren’t always privy to the big picture. The session will focus on the results of WTW’s survey of chief reserving actuaries. Time Tuesday, Sep 20 11:45AM - 1:00PM CDT Location Majestic D Speakers Lise Hasegawa Farmers Insurance Group Daniel Nishimura Willis Towers Watson ST-6: The Russia/Ukraine Conflict’s Impact on P/C (Re)Insurers and S&P’s Ratings in the Sector John Iten, S&P Global Ratings show more Description 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. Time Tuesday, Sep 20 11:45AM - 1:00PM CDT Location Washington Speakers John Iten S&P Global Ratings
1:00pm CDT	RT-5: Deviation from the Norm! Erich Brandt, Pinnacle Actuarial Resources, Inc. show more Description Actuaries are required to document their assumptions and methodologies in their actuarial reports per the Actuarial Standards of Practice. This session will inspire discussions on best practices for documenting and disclosing deviation from traditional methodologies as well as changes from prior analyses. Given perils such as COVID and wildfires, we expect a high level of engagement on contemporary issues. Time Tuesday, Sep 20 1:00PM - 2:00PM CDT Location Majestic E - Lunch Roundtable 1 Speakers Erich Brandt Pinnacle Actuarial Resources, Inc. RT-6: Emerging Mass Torts Dawn Fowle, EY show more Description Join us to discuss the latest in emerging mass torts, anything ranging from PFAS to opioids, or thoughts on what will be next is open for conversation in this roundtable discussion. Time Tuesday, Sep 20 1:00PM - 2:00PM CDT Location Majestic E - Lunch Roundtable 3 Speakers Dawn Fowle EY RT-8: International Reinsurance Stephen Talley, Randall & Quilter Investment Holdings Ltd show more Description Current topics in international reinsurance reserving. Time Tuesday, Sep 20 1:00PM - 2:00PM CDT Location Majestic E - Lunch Roundtable 2 Speakers Stephen Talley Randall & Quilter Investment Holdings Ltd Luncheon with Roundtables, Tuesday, September 20, 1:00 - 2:00 p.m. show more Description Luncheon with Roundtables, Tuesday, September 20, 1:00 - 2:00 p.m. Time Tuesday, Sep 20 1:00PM - 2:00PM CDT Location Majestic E RT-9: Michigan Auto Lise Hasegawa, Farmers Insurance Group show more Description The changes to Michigan PIP have led to new requirements from the Michigan regulator. For year-end 2021, a Michigan Appendix to the actuarial report for the Statement of Actuarial Opinion was required. Additionally, filing requirements for auto rate revisions referred back to the Michigan Appendix. In this roundtable, reserving actuaries will discuss best practices in completing these requirements. Time Tuesday, Sep 20 1:00PM - 2:00PM CDT Location Majestic E - Lunch Roundtable 4 Speakers Lise Hasegawa Farmers Insurance Group RT-14: Warranty and Extended Service Contracts Chris Holt, Alfa Mutual Insurance Company show more Description This roundtable will be a discussion on warranty and extended service contracts. Time Tuesday, Sep 20 1:00PM - 2:00PM CDT Location Majestic E - Lunch Roundtable 5 Speakers Chris Holt Alfa Mutual Insurance Company
2:00pm CDT	PD-1: ASOP 20 Robert Walling, Pinnacle Actuarial Resources, Inc. show more Description 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. Time Tuesday, Sep 20 2:00PM - 3:15PM CDT Location Majestic H Speakers Robert Walling Pinnacle Actuarial Resources, Inc. ST-3: Beyond Excel: A Critical Examination of the Actuarial Toolkit Brian Fannin, Casualty Actuarial Society show more Description It is well known in the insurance industry that Microsoft Excel is wildly popular amongst actuaries. However, its widespread usage is difficult to explain on the basis of cost, analytic feature set, or performance; spreadsheets are outclassed on one or more of those metrics by many different tools. Instead, Excel is often chosen as the result of operational decisions meant to accommodate non-actuarial stakeholders. When seen in this light, it’s possible for an organization to think critically about alternate solutions. We explore several options which enable actuaries to construct more powerful, informative models, while preserving the user experience for other constituencies. Presentation will reference results from the First Annual CAS Actuarial Technology Survey, which had over 1,200 respondents provide insight into their preferred technology tools, including self-reported proficiency levels, technology barriers, preferred techniques, and areas of improvement. Time Tuesday, Sep 20 2:00PM - 3:15PM CDT Location Majestic D Speakers Brian Fannin Casualty Actuarial Society FR-1: Emerging Climate Change Regulations and Disclosures Maggie Brickner, PwC; Hannah Clouser, PwC show more Description Regulation on climate related reporting is rapidly developing both within the US and globally. During this session, we will discuss upcoming requirements that life insurers may be subject to, and provide examples of relevant global regulation. While the focus will be on US regulation, such as the guidance from the NYDFS on managing financial risk, NAIC climate risk disclosure survey, and proposed SEC guidance, this session will also provide examples of regulation in mainland Europe and the United Kingdom, where regulation around climate disclosures is more mature and may provide an example of what is to come. The session will also provide examples of ways to respond to regulation, discuss current climate disclosure frameworks such as Task Force on Climate-Related Financial Disclosures (TCFD), cover the growing expectation of climate disclosure from investors, and consider where the future of climate regulation may be heading. Time Tuesday, Sep 20 2:00PM - 3:15PM CDT Location Washington Speakers Maggie Brickner PwC Hannah Clouser PwC LOB-2: Florida Homeowners: A Market in Crisis Klayton Southwood, WTW; Trevar Withers, WTW; Melissa Shelley show more Description The Florida homeowners market is in a state of crisis after several years of worsening results. 2021 and 2022 have seen multiple insolvencies, skyrocketing rate levels and extraordinary growth in Citizens Property Insurance Corporation, the insurer of last report. This session will discuss the history of this complex and dynamic market, including reasons for the unique nature of insurers serving the market, and trends & events that have shaped the market such as: • Steady population and exposure growth • Litigation trends • Assignment of Benefits (AOB) which has impacted Florida much more than other states • The Florida Hurricane Catastrophe Fund • Growth of Citizens Property Insurance Corporation (the insurer of last resort). This session will also discuss the solutions being proposed to address the current issues and reserving considerations. Time Tuesday, Sep 20 2:00PM - 3:15PM CDT Location Majestic G Speakers Klayton Southwood WTW Trevar Withers WTW Melissa Shelley AR-3: Same Dog, New Tricks: A New Reserving Method Tad Womack, Oliver Wyman Actuarial Consulting; Jose Joaquin Camara, Oliver Wyman Actuarial Consulting show more Description This session will dive into a new reserving method for Workers’ Compensation. Existing techniques could be improved upon by relating estimated unpaid liabilities to the current closure rate position rather than being based on time/maturity. The ability to secure transaction-level payment and case reserve files, coupled with the ability to assemble summarized financial and claim count values using a programming language instead of a spreadsheet package, allows triangles to be created with closure rate on one axis vs months of development/maturity. Time Tuesday, Sep 20 2:00PM - 3:15PM CDT Location Majestic ABC Speakers Tad Womack Oliver Wyman Actuarial Consulting Jose Joaquin Camara Oliver Wyman Actuarial Consulting HWM-4: Workers' Compensation - Market Update Brett King (Virtual Speaker), New York Compensation Insurance Rating Board; Lisa Walsh (Virtual Speaker), SwissRe show more Description This session will provide a current view of the US workers compensation market from various perspectives. The session will include highlights from the NCCI's Annual Issues Symposium, discussion of recent developments related to COVID-19, and recent analysis of excess loss development for workers compensation All speakers during this session will be virtual. Time Tuesday, Sep 20 2:00PM - 3:15PM CDT Location Majestic F Speakers Brett King (Virtual Speaker) New York Compensation Insurance Rating Board Lisa Walsh (Virtual Speaker) SwissRe
3:15pm CDT	Refreshment Break with Exhibits - Tuesday Afternoon show more Description Refreshment Break with Exhibits - Tuesday Afternoon Time Tuesday, Sep 20 3:15PM - 3:45PM CDT Location Majestic Ballroom Foyer
3:45pm CDT	FR-2: It’s Not a Yellow Book! Non-NAIC Reserve Analyses Erich Brandt, Pinnacle Actuarial Resources, Inc.; Darcie Truttmann, Pinnacle Actuarial Resources, Inc.; Steve Kinion, Delaware Insurance Department show more Description This session will explore several key considerations in performing loss reserve analyses for non-NAIC regulated companies. The presenters will focus on specific program structures , professionalism standards and state-law considerations. A regulator from Delaware will discuss what they like to see in loss reserve analyses and what they look for in ensuring the solvency of their domiciliary programs. Time Tuesday, Sep 20 3:45PM - 5:00PM CDT Location Majestic ABC Speakers Erich Brandt Pinnacle Actuarial Resources, Inc. Darcie Truttmann Pinnacle Actuarial Resources, Inc. Steve Kinion Delaware Insurance Department AR-2: Modeling for Inflation-Driven Reserving Cycles James Ely, Convolved, Inc show more Description This session will discuss the modeling of inflation driven reserving cycles using the mathematics of waves. Actuaries will learn how it can be done, why wave methods are important and how actuaries can visualize and explain them. Emphasis will be placed on the visualization and explanation, since our literature lacks even basic descriptions of waves. The reserving topic of inflationary cycles is advanced, but the presentation will assume that attendees are unfamiliar with wave methods. Time Tuesday, Sep 20 3:45PM - 5:00PM CDT Location Majestic D Speakers James Ely Convolved, Inc IAI-2: Parametric Insurance for Severe Convective Storm John Qiang Su (Virtual Speaker), Arbol show more Description Severe Convective Storm (SCS) has become increasingly stronger in recent years in the U.S. The main perils include flooding, hail, tornado, and derecho. Historically while flooding got a lot of attention in the insurance community, models and products for other perils have been lacking. In this session we will take a deep dive into SCS, including the meteorological knowledge and loss history. Then discuss how to improve data and modeling for hail, tornado and derecho to design parametric insurance programs to better manage the associated risk. Time Tuesday, Sep 20 3:45PM - 5:00PM CDT Location Majestic F Speakers John Qiang Su (Virtual Speaker) Arbol CP-2: Ultimate Loss Reserve Forecasting Using Bidirectional LSTMs Lahiru Somaratne, University of Nebraska–Lincoln show more Description The presentation explores the application of deep learning (subset of machine learning), to estimate ultimate losses. The architecture explored in the presentation will be Long Short Term Memory (LSTM), a form of deep learning that finds patterns in temporal data. The results using the LSTM architecture are compared to the results of the chain ladder method. The illustrations and examples will make this presentation useful to actuaries who want to understand deep learning and how it could apply to reserving. Time Tuesday, Sep 20 3:45PM - 5:00PM CDT Location Washington Speakers Lahiru Somaratne University of Nebraska–Lincoln IAI-1: Using AI for Customer Management while Avoiding Bias Rob Bernard, PwC; Tara McCafferty, Slalom, LLC show more Description AI offers a variety of solutions and value drivers for insurance customer management, applying techniques such as computer vision, virtual agents or chat bots, and predictive models. These solutions create impact by accelerating claims processing, discovering opportunities to upsell or cross-sell customers, predicting attrition, and creating leverage for customer support teams. Applied responsibly and ethically, these technologies enable increased capacity in any organization, by relieving employees of menial tasks and focusing their time and effort on more complex customer needs. However, AI can sometimes exhibit bias toward protected groups, which can damage the reputation and legitimacy of the organization that employs it. There are, however, mitigation strategies to head off bias, starting with a solid, vetted internal governance process. We will present an example of such an internal governance process that can be employed by any firm of any size. Time Tuesday, Sep 20 3:45PM - 5:00PM CDT Location Majestic H Speakers Rob Bernard PwC Tara McCafferty Slalom, LLC
5:00pm CDT	Reception with Exhibits show more Description Reception with Exhibits Time Tuesday, Sep 20 5:00PM - 6:00PM CDT Location Majestic Ballroom Foyer

Wednesday, September 21

7:00am CDT	RT-2: Ask a Regulator Susan Gozzo Andrews, State of Connecticut Insurance Dept. show more Description Curious what a regulatory actuary’s work is like? Rate review, financial exams, model reviews, NAIC committees and more. Stop by for breakfast and we’ll discuss what you’d like to know and NAIC topics you may want more information about. Time Wednesday, Sep 21 7:00AM - 7:50AM CDT Location Majestic G Speakers Susan Gozzo Andrews State of Connecticut Insurance Dept. Breakfast with Exhibits show more Description Breakfast with Exhibits Time Wednesday, Sep 21 7:00AM - 8:00AM CDT Location Majestic Ballroom Foyer CLRS Registration - Wednesday show more Description CLRS Registration - Wednesday Time Wednesday, Sep 21 7:00AM - 2:00PM CDT Location Registration & Office RT-12: Professionalism Implications of Peer Review John Wade, CLRS Working Group show more Description This roundtable is intended for seasoned, experienced Peer Reviewers. Our focus will be on professionalism aspects and responsibilities that are inherent to a professional peer review, and not "how to" checklists. CAS and AAA literature does not dive deep into this topic, and we are all left with the common situation of determining for ourselves whether or not we are meeting professional perceptions, guidelines, expectations, and our own comfort levels. We will have a couple of warm-up scenarios to get the juices flowing. From there, focus questions/topics might include: What qualifications should the Peer Reviewer meet? Who is the intended recipient? To what extent does the Principal benefit from the peer review? When should the Peer Reviewer also be signing the Report? To what extent can the actuary rely on the peer review? Does an informal discussion constitute a peer review? When something goes wrong, what is the Peer Reviewer responsible for? What complications or enhancements to professionalism issues have been brought about by the virtual work environment? Time Wednesday, Sep 21 7:00AM - 7:50AM CDT Location Majestic F Speakers John Wade CLRS Working Group RT-13: Understanding Reserving Through Behavioral Approaches George Levine, KPMG, LLP show more Description This roundtable discussion centers on the paper “A Behavioral Approach to Understanding Loss Reserves” for the CAS Committee on Reserving, Call For Papers, authored by Uri Korn. From the Abstract: “This paper takes a deep dive into historical loss reserves. Using Schedule P company filings, it is shown that reserves are very slow to react to emerging losses, much slower than the most accurate approach would dictate. There are other concerns besides for accuracy, such as stability and avoiding deficient reserves. But attempting to explain the discrepancy in this manner alone would require a level of risk aversion that is unrealistic. Instead, it is shown that the corporate environment causes increased conservatism, and when coupled with narrow framing is able to explain company practice.” With the increasing focus on Bias with Continuing Education, this is a great opportunity to merge actuarial and statistical concepts with bias considerations, which should lead to a lively interactive dialogue. Time Wednesday, Sep 21 7:00AM - 7:50AM CDT Location Majestic ABC Speakers George Levine KPMG, LLP RT-15: Workers' Compensation Timothy Mosler, Pinnacle Actuarial Resources, Inc. show more Description Current events impacting Workers Compensation. Time Wednesday, Sep 21 7:00AM - 7:50AM CDT Location Majestic H Speakers Timothy Mosler Pinnacle Actuarial Resources, Inc.
8:00am CDT	ST-2: Best Practices for Actuarial Departments Kevin Donnelly, United Healthcare; Brian Brown, Milliman; Lori Julga, Milliman; James Merz, Westfield Insurance show more Description 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. Time Wednesday, Sep 21 8:00AM - 9:15AM CDT Location Majestic H Speakers Kevin Donnelly United Healthcare Brian Brown Milliman Lori Julga Milliman James Merz Westfield Insurance RM-2: Ceded Reserving – It’s Not as Simple as Subtraction Rachel Dolsky, KPMG, LLP; Joseph Milicia, QBE Insurance Group show more Description 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. Time Wednesday, Sep 21 8:00AM - 9:15AM CDT Location Majestic D Speakers Rachel Dolsky KPMG, LLP Joseph Milicia QBE Insurance Group HWM-2: Healthcare Professional Liability: It's All About Severity...Except When It Isn't Stephen Koca, Milliman; Philip Reischman, Alliant Insurance Services; Robert Blasio, Gallagher Bassett Specialty show more Description In the current environment, the conversation around Healthcare Professional Liability tends to focus on the issue of Claim Severity given the headline-grabbing "Nuclear Verdicts" which have become more prevalent in recent years. How common are these Nuclear Verdicts and how does the possibility of such an outcome influence the overall claims settlement process for Healthcare Professional Liability? Should we be concerned with Claim Frequency as much as Claim Severity? What other forces are influencing the overall cost of Healthcare Professional Liability in the current environment? Join us for a panel discussion on the current state of the Healthcare Professional Liability market and the associated reserving implications. Our three panelists will discuss the current state of the market from three distinct perspectives based on their own professional backgrounds - claims professional, actuary, (re)insurance broker. Time Wednesday, Sep 21 8:00AM - 9:15AM CDT Location Majestic F Speakers Stephen Koca Milliman Philip Reischman Alliant Insurance Services Robert Blasio Gallagher Bassett Specialty RT-10: New Development in the Sharing Economy with a Focus on RV Sharing Francois Morissette, S & F Actuarial Consultants; Charles Zhu, Capital Insurance Group show more Description The hosts will discuss a few new entrants in the Sharing Economy space. The hosts will also discuss program structure and necessary data to develop a robust reserving process. The participants are invited to be part of the conversation and bring their own examples on various Sharing Economy programs or reserving techniques. Time Wednesday, Sep 21 8:00AM - 9:15AM CDT Location Washington Speakers Francois Morissette S & F Actuarial Consultants Charles Zhu Capital Insurance Group LOB-4: State of Commercial Automobile Insurance Gregory Fears Jr., Pinnacle Actuarial Resources, Inc.; Michael Brannon, Great West Casualty Company; Christian Tieman, Armanino LLP show more Description 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. Time Wednesday, Sep 21 8:00AM - 9:15AM CDT Location Majestic ABC Speakers Gregory Fears Jr. Pinnacle Actuarial Resources, Inc. Michael Brannon Great West Casualty Company Christian Tieman Armanino LLP PD-5: The Revised USQS: A Primer for P&C Actuaries Lisa Slotznick, Retired; Kendall Williams, Casualty Actuarial Society show more Description 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. Time Wednesday, Sep 21 8:00AM - 9:15AM CDT Location Majestic G Speakers Lisa Slotznick Retired Kendall Williams Casualty Actuarial Society
9:15am CDT	Refreshment Break with Exhibits - Wednesday show more Description Refreshment Break with Exhibits - Wednesday Time Wednesday, Sep 21 9:15AM - 9:45AM CDT Location Majestic Ballroom Foyer
9:45am CDT	LOB-1: Decoding Cyber Risk Jess Fung, Guy Carpenter & Co. LLC; Mou Jian ("MJ") Teo, Guy Carpenter & Co. LLC; Carol Aplin, Marsh McLennan show more Description The cyber market has been growing rapidly over the past decade. In this session, we will provide insights into the current state of the cyber market and an overview of the types of insurance coverages offered. Given the changing risk landscape, we will discuss common approaches to assessing risk on an individual and aggregated portfolio basis. Finally, we will discuss considerations for catastrophe risk within cyber. Time Wednesday, Sep 21 9:45AM - 11:00AM CDT Location Majestic D Speakers Jess Fung Guy Carpenter & Co. LLC Mou Jian ("MJ") Teo Guy Carpenter & Co. LLC Carol Aplin Marsh McLennan HWM-1: Exploring Recent Trends in Health Care Kevin Donnelly, United Healthcare; Josh Hammerquist, Lewis & Ellis, Inc.; Traci Hughes, Lewis & Ellis, Inc.; Anthony Bustillo, Safety National show more Description Speakers will explore recent trends in healthcare including unit costs, utilization, and telehealth. Time Wednesday, Sep 21 9:45AM - 11:00AM CDT Location Majestic G Speakers Kevin Donnelly United Healthcare Josh Hammerquist Lewis & Ellis, Inc. Traci Hughes Lewis & Ellis, Inc. Anthony Bustillo Safety National FR-3: Making Your (Statement of Actuarial) Opinion Count! Lise Hasegawa, Farmers Insurance Group; Dawn Fowle, EY show more Description In this session we'll discuss all types of communications around the Statement of Actuarial Opinion, both before and after it is signed. Start with internal discussions with groups such as pricing, underwriting, then be sure to include claims and reinsurance. The communication fun doesn't stop there! Be sure to make the most of your time with Company management and the Board of Directors. We'll cover all the required communications, but also highlight where there are other opportunities for discussions that will improve the quality of your Opinion and make sure you get your message to all the parties that need to hear it. Time Wednesday, Sep 21 9:45AM - 11:00AM CDT Location Majestic ABC Speakers Lise Hasegawa Farmers Insurance Group Dawn Fowle EY HWM-3: Medical Professional Liability Tort Reforms, Times They Are A-Changin' (Again!) Stephen Koca, Milliman; Leah Windt, Milliman show more Description The passage of AB 35 in California will have reverberations for years to come. This session will review historical tort reforms across the country along with the history of MICRA and how AB 35 came to be in California. We will discuss estimating the direct impacts of increasing non-economic damage caps and also potential indirect impacts from changing behaviors of parties to a claim of which the MPL reserving actuary should be cognizant. Time Wednesday, Sep 21 9:45AM - 11:00AM CDT Location Washington Speakers Stephen Koca Milliman Leah Windt Milliman AR-4: Smoothing Splines for Trend David Clark, Munich Re; Sinéad Cummins, Munich Re show more Description Traditionally, insurance loss trends have been estimated using log-linear regression fit to historical loss severities. This works well when inflation is constant, but it can be misleading if trends are changing due to things like social inflation or pandemic disruption. This session will present one technique – smoothing splines - for smoothing out historical data without requiring an assumption that trends do not change. We will outline the concept behind smoothing splines and offer practical examples showing their use on real data. Time Wednesday, Sep 21 9:45AM - 11:00AM CDT Location Majestic H Speakers David Clark Munich Re Sinéad Cummins Munich Re RM-4: When Enough is Enough: Leveraging Capital throughout the Life of a Captive Laura Maxwell, Pinnacle Actuarial Resources, Inc.; Daniel Linton, Pinnacle Actuarial Resources, Inc. show more Description Accurately assessing the adequacy of a company’s capital position is often more challenging than reserving and pricing exercises due to the complexity of underwriting, as well as asset, risk. This session will explore considerations in producing a capital adequacy analysis, including guidance from a number of Actuarial Standards of Practice. By considering risk from a holistic point a view, an actuary can determine when a company has sufficient capital to support its operations and, if it does, potential uses of free capital. Time Wednesday, Sep 21 9:45AM - 11:00AM CDT Location Majestic F Speakers Laura Maxwell Pinnacle Actuarial Resources, Inc. Daniel Linton Pinnacle Actuarial Resources, Inc.
11:30am CDT	CP-1: "Making Bootstrap Reserve Ranges More Realistic" and "Identifying Reserve Risk Based on Volatility in Triangles of Estimated Ultimate Losses" David Clark, Munich Re; Hang Ding; Yu Shi Feng, TransRe show more Description Prize Winning Loss Reserve Call Papers Making Bootstrap Reserve Ranges More Realistic Back testing suggests that bootstrapping approaches lead to reserve ranges that may be too narrow. To improve the current methods, we relax England and Verrall’s assumption that each cell in the incremental development triangle is independent by introducing a correlation structure in the resampling of the bootstrap. Back testing with Schedule P data suggests that this approach yields reserve ranges that are more reasonable. Identifying Reserve Risk Based on Volatility in Triangles of Estimated Ultimate Losses Building on work performed by Rehman, Klugman and Seigenthaler, the presentation explores measurement of reserve volatility using triangles of estimated ultimate losses instead of paid or incurred loss data; changes in estimated ultimates from evaluation to evaluation give insight into reserve variability. Time Wednesday, Sep 21 11:30AM - 12:45PM CDT Location Majestic H Speakers David Clark Munich Re Hang Ding Yu Shi Feng TransRe ST-1: A Good Graph is Worth a Million Dollars James Mackay, WTW show more Description While advanced techniques and automation are enabling actuaries to perform ever more complex analysis, often we do poorly in communicating even the basics of the work that we already do. At best, this can lead to ‘friction’ in the communication of reserve estimates, and at worst it can result in a lack of transparency and miscommunication. This session will explore how graphs and diagnostics can be used to identify trends in our data; more clearly explain key assumptions; and help tell a narrative that lays out why our overall reserving position is what is it. We’ll discuss the challenges of working with traditional technical data; consider how new approaches will make this challenge of communication potentially even greater; and we’ll also touch upon new graphical toolkits that reserving actuaries might consider. Time Wednesday, Sep 21 11:30AM - 12:45PM CDT Location Majestic D Speakers James Mackay WTW PD-3: Notable Changes in the ASOP 36 Exposure Draft Margaret Tiller Sherwood, Tiller Consulting Group, Inc.; Mary Frances Miller, Select Actuarial Services; Michelle Iarkowski, Deloitte Consulting LLP show more Description 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). Time Wednesday, Sep 21 11:30AM - 12:45PM CDT Location Majestic ABC Speakers Margaret Tiller Sherwood Tiller Consulting Group, Inc. Mary Frances Miller Select Actuarial Services Michelle Iarkowski Deloitte Consulting LLP SN-1: Speed Networking Session show more Description Are you ready for a highly engaging and fun speed networking activity? Sharpen your soft skills, connect with other CLRS attendees, and get CE credit, all while being challenged by a clock! Everyone will be broken into small groups, given a chance to respond to prompts at each table, then rotate between tables after a timer buzzes. This event will keep you on your toes and provide an opportunity to interact with colleagues in a dynamic way. . . . NOTE: This event requires movement between tables. We value all of our attendees and will do our best to make this event accessible to all bodies. Please let us know if you have any mobility preferences. Sign Up: https://www.surveymonkey.com/r/22CLRSspeednetworking Time Wednesday, Sep 21 11:30AM - 12:45PM CDT Location Washington LOB-5: The D&O Cycle: Wash, Rinse and Repeat Gregory Spore, Guy Carpenter & Company, LLC show more Description 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. Time Wednesday, Sep 21 11:30AM - 12:45PM CDT Location Majestic F Speakers Gregory Spore Guy Carpenter & Company, LLC FR-5: Update of the Risk Transfer Practice Note Ernest Wilson, Munich Re America Services, Inc.; Derek Freihaut, Pinnacle Actuarial Resources, Inc. show more Description In this session, you will learn about recent updates to the Risk Transfer Practice Note. Time Wednesday, Sep 21 11:30AM - 12:45PM CDT Location Majestic G Speakers Ernest Wilson Munich Re America Services, Inc. Derek Freihaut Pinnacle Actuarial Resources, Inc.
12:45pm CDT	Box Lunch show more Description Box Lunch Time Wednesday, Sep 21 12:45PM - 1:30PM CDT Location Majestic E
1:30pm CDT	GS-2: Risk is Chaos: History of Risk and Future Innovation Andrew Engler, Kettle show more Description The world of geo-spatial imagery, information, and data has grown exponentially over the past two decades including the technology used to synthesize it. In this session Andrew will take an encompassing view of how risk calculation has formed over time and where the line between future projection and current reserving estimates based off real time data is becoming more uniform. Using computer vision, chaos theory modeling, and 7 billion lines of geospatial data, kettle can get a far more accurate and better understanding of how losses will develop post event and even before. Time Wednesday, Sep 21 1:30PM - 2:45PM CDT Location Majestic D Speakers Andrew Engler Kettle