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Sunday, November 6
1:00pm CST Student Ambassador Conference show more Location Conrad BC Description Student Ambassador Conference Timeslot - Day, Date, Time Sunday, Nov 6 1:00PM - 5:00PM CST
2:00pm CST Attendee Lounge show more Location Duluth Description Looking for a quiet space, or perhaps a place to meet up with a fellow attendee? Head over to the CAS Attendee Lounge, which is open Sunday (2-7:30p), Monday (7a-7:30p), Tuesday (7a-4p), and Wednesday (7a - 1p). The lounge is in the Duluth Room. on the 3rd Floor. Timeslot - Day, Date, Time Sunday, Nov 6 2:00PM - 7:30PM CST Open Meeting Room show more Location Director's Row 3 Description Would you like to meet with some of your colleagues in a private room, the CAS has set up this Open Meeting Room. Timeslot - Day, Date, Time Sunday, Nov 6 2:00PM - 7:30PM CST Speaker Ready Room show more Location Director's Row 4 Description Annual Meeting Presenters - There is a room dedicated to all Annual Meeting moderators & panelists as a space for you to meet up and work on your presentation. The Speaker Ready Room is open Sunday (2-7:30p), Monday (7a-7:30p), Tuesday (7a-4p) and Wednesday (7a - 1p) in Director's Row 4 on the 3rd Floor. Timeslot - Day, Date, Time Sunday, Nov 6 2:00PM - 7:30PM CST
4:30pm CST Exhibits Open show more Location Grand Ballroom Foyer Description Join our Exhibitors in the Grand Ballroom Foyer! Timeslot - Day, Date, Time Sunday, Nov 6 4:30PM - 6:30PM CST Registration show more Location Red Wing Room Description We encourage you to pick up your registration materials early to avoid lines. Registration opens at 4:30 p.m. on Sunday and you must pick up your materials before the Welcome Reception which begins at 6:30 p.m. New Associates need to pick up their materials before the Recognition Reception begins at 5:30 p.m. Timeslot - Day, Date, Time Sunday, Nov 6 4:30PM - 7:30PM CST
5:30pm CST Group Photos of New Associates show more Location Symphony Ballroom IV Description New Associates will take group photos with the CAS President. Photos will be published in an upcoming issue of the Actuarial Review. Timeslot - Day, Date, Time Sunday, Nov 6 5:30PM - 6:30PM CST Recognition Reception for New Associates show more Location Symphony Ballroom I-III Description Name badges are required at all events. Guests must have a ticket. Extra tickets can be purchased at the CAS Registration Desk in the Red Wing Room on the 3rd Floor. Timeslot - Day, Date, Time Sunday, Nov 6 5:30PM - 6:30PM CST
6:30pm CST Welcome Reception show more Location Grand Ballroom Foyer Description Name badges are required at all events. Timeslot - Day, Date, Time Sunday, Nov 6 6:30PM - 7:30PM CST
Monday, November 7
7:00am CST Attendee Lounge show more Location Duluth Description Looking for a quiet space, or perhaps a place to meet up with a fellow attendee? Head over to the CAS Attendee Lounge, which is open Sunday (2-7:30p), Monday (7a-7:30p), Tuesday (7a-4p), and Wednesday (7a - 1p). The lounge is in the Duluth Room. on the 3rd Floor. Timeslot - Day, Date, Time Monday, Nov 7 7:00AM - 7:30PM CST Continental Breakfast show more Location Grand Ballroom Foyer Description Name badges are required at all events. Timeslot - Day, Date, Time Monday, Nov 7 7:00AM - 8:30AM CST Open Meeting Room show more Location Director's Row 3 Description Would you like to meet with some of your colleagues in a private room, the CAS has set up this Open Meeting Room. Timeslot - Day, Date, Time Monday, Nov 7 7:00AM - 7:30PM CST Registration show more Location Red Wing Room Description We encourage you to pick up your registration materials early to avoid lines. Timeslot - Day, Date, Time Monday, Nov 7 7:00AM - 5:00PM CST Speaker Ready Room show more Location Director's Row 4 Description Annual Meeting Presenters - There is a room dedicated to all Annual Meeting moderators & panelists as a space for you to meet up and work on your presentation. The Speaker Ready Room is open Sunday (2-7:30p), Monday (7a-7:30p), Tuesday (7a-4p) and Wednesday (7a - 1p) in Director's Row 4 on the 3rd Floor. Timeslot - Day, Date, Time Monday, Nov 7 7:00AM - 7:30PM CST
8:00am CST Celebration of New Members show more Location Minneapolis Grand Ballroom Description All meeting attendees are invited and encouraged to attend this session — come celebrate the achievements of new CAS members! ** If you wish to participate via livestream/webcast, this requires a separate registration. Timeslot - Day, Date, Time Monday, Nov 7 8:00AM - 9:00AM CST
8:15am CST Student Ambassador Conference show more Location The Gallery Description Student Ambassador Conference Timeslot - Day, Date, Time Monday, Nov 7 8:15AM - 5:00PM CST
9:00am CST New Fellows Group Photo Session show more Location Conrad BC Description New Fellows will take group photos with the CAS President. Photos will be published in an upcoming issue of the Actuarial Review. Timeslot - Day, Date, Time Monday, Nov 7 9:00AM - 9:30AM CST Refreshment Break & Exhibits show more Location Grand Ballroom Foyer Description Name badges are required at all events. Timeslot - Day, Date, Time Monday, Nov 7 9:00AM - 9:30AM CST
9:30am CST Featured Speaker Address: Cathy O'Neil Cathy O'Neil show more Location Minneapolis Grand Ballroom Description CAS' Annual Meeting Featured speaker, Cathy O'Neil, PhD., will share her thoughts, analyses and concerns over the uses of data and algorithms to draw incomplete or inaccurate conclusions and what we as a profession can do to level the field. She will address algorithmic auditing in general, and about her framework called explainable fairness in particular. *Introduced by Thomas Holmes, Akur8 ** If you wish to participate via livestream/webcast, this requires a separate registration. Timeslot - Day, Date, Time Monday, Nov 7 9:30AM - 10:30AM CST Speakers Cathy O'Neil
10:30am CST Business Session with Presidential Address show more Location Minneapolis Grand Ballroom Description Business Session w/ Presidential Address ** If you wish to participate via livestream/webcast, this requires a separate registration. Timeslot - Day, Date, Time Monday, Nov 7 10:30AM - 10:50AM CST
10:50am CST CAS Town Hall on Actuaries and Technology Katherine Antonello, Employers; Jessica Leong, Octagram; Frank Chang, Uber Technologies; Roosevelt Mosley, Pinnacle Actuarial Resources, Inc.; J. Boa, Casualty Actuarial Society show more Location Minneapolis Grand Ballroom Description Join us for an interactive Town Hall focused on the topic of actuaries and technology. One of the primary goals of the CAS is to equip actuaries with the skills needed to tackle the analytical challenges in our data-rich world. CAS leaders will reveal for the first time, results of our second annual actuarial technology survey, providing insights into the technological tools actuaries are adopting to solve risk management problems, complimenting the theme of the CAS Annual Meeting, Building Skills for the Future. Come prepared to share your reactions to the survey results – do they reflect your current experience? What are the technology challenges you face in your work and how you have overcome them? Based on the survey results, what should the CAS do to help actuaries and their employers take advantage of opportunities for utilization of technology advances that will showcase the actuary of the future? Where should the CAS focus future research, and incorporate technological skills into basic and continuing education? ** If you wish to participate via livestream/webcast, this requires a separate registration. Timeslot - Day, Date, Time Monday, Nov 7 10:50AM - 11:30AM CST Speakers Katherine Antonello Employers Jessica Leong Octagram Frank Chang Uber Technologies Roosevelt Mosley Pinnacle Actuarial Resources, Inc. J. Boa Casualty Actuarial Society
11:30am CST Learn about Us — Abacus Actuaries Jessica Leong, Octagram show more Description Come join us at lunch to learn about Abacus Actuaries! A network of aspiring, practicing, and former actuaries, working together through mentorship programs, networking and other professional development opportunities to break the bamboo ceiling so Asians can achieve equal representation in the highest ranks of the actuarial profession. *This will be held during Monday's luncheon in the Marquette Ballroom. Timeslot - Day, Date, Time Monday, Nov 7 11:30AM - 1:00PM CST Speakers Jessica Leong Octagram Learn about Us - Network of Actuarial Women and Allies (NAWA) Yuliya Semibratova, Allstate Insurance Company show more Description Come join us at lunch to learn about NAWA! From the 1980s to the 2010s, our profession saw steady growth in the percentage of female actuaries — rising from around 20% up to 31%. But for the past decade, things have stayed stagnant and female representation at senior leadership levels look even worse. It’s time for change. And because the support of allies are key to meaningful change, it is just as important to include allies in our community as the women we are seeking to empower. *This will be held during Monday's luncheon in the Marquette Ballroom. Timeslot - Day, Date, Time Monday, Nov 7 11:30AM - 1:00PM CST Speakers Yuliya Semibratova Allstate Insurance Company Luncheon show more Location Marquette Ballroom Description Several awards will be presented. Name badges are required at all events. Timeslot - Day, Date, Time Monday, Nov 7 11:30AM - 1:00PM CST Luncheon Overflow Room show more Location Orchestra Ballroom Description This will be open to Monday luncheon attendees. Room will be equipped with screens to see all that is taking place in the Marquette Ballroom. Timeslot - Day, Date, Time Monday, Nov 7 11:30AM - 1:00PM CST
1:00pm CST Chief Actuary Roundtable: A Discussion on Diversifying the Pipeline and Ensuring All Our Members Thrive Wesley Griffiths, Travelers Insurance; Bruce Gifford, Travelers; Donna Glenn, NCCI; David Cummings, USAA show more Location Minneapolis Grand Ballroom Description “Diversifying the Pipeline” is one of the three Pillars of the CAS Strategic Plan. How are large employers of CAS members thinking about widening the variety of people entering the actuarial profession, and what actions are they taking? How are they nurturing the membership that we have today, so that all of our members thrive? What are some ideas that you might try as an actuary in your organization? Join CAS President Kathy Antonello and three chief actuaries for a discussion of what “diversifying the pipeline” means to them, as they share some examples of what they are encouraging in their organizations. Timeslot - Day, Date, Time Monday, Nov 7 1:00PM - 2:30PM CST Speakers Wesley Griffiths Travelers Insurance Bruce Gifford Travelers Donna Glenn NCCI David Cummings USAA
2:30pm CST Refreshment Break & Exhibits show more Location Grand Ballroom Foyer Description Name badges are required at all events. Timeslot - Day, Date, Time Monday, Nov 7 2:30PM - 3:00PM CST
3:00pm CST Are MGAs the Future of Underwriting? Anju Arora, Ethos Specialty Insurance; Denise Olson, Zurich North America; James Weiss, Crum & Forster show more Location Marquette Ballroom Description This session will provide two actuarial perspectives on what MGAs are, how they work, and what the MGA space looks like in the United States. It will explore some situations where a carrier may consider delegating authority and the types of risk typically involved. Case studies of product innovation in alternative markets, oriented towards addressing the needs of the underserved, will be covered. Operational considerations related to MGAs, including compliance and technology, will also be discussed. The session will be useful to anyone interested in tapping into alternative markets, or simply learning how approaches used in alternative markets can apply in traditional ones. Timeslot - Day, Date, Time Monday, Nov 7 3:00PM - 4:15PM CST Speakers Anju Arora Ethos Specialty Insurance Denise Olson Zurich North America James Weiss Crum & Forster Deep Dive on the Code of Conduct 2.0 Kendall Williams, Casualty Actuarial Society; Patricia Teufel, Retired; Ronald Kozlowski, RTK Actuarial & Professional Services; Kenneth Hsu, Breach Insurance show more Location Orchestra Ballroom D Description When is the last time you read the Code of Professional Conduct? In this popular repeat session format we will take you through it Precept by Precept, in a fun, interactive session with brand new scenarios. Behaving “professionally” is not always a black-and-white exercise – we operate in many grey areas, so its good to discuss in a group how these precepts apply in realistic situations. Our new scenarios will include many scenarios that may occur in our day-to-day work activities. Timeslot - Day, Date, Time Monday, Nov 7 3:00PM - 4:15PM CST Speakers Kendall Williams Casualty Actuarial Society Patricia Teufel Retired Ronald Kozlowski RTK Actuarial & Professional Services Kenneth Hsu Breach Insurance Inflation - An Update Benoit Carrier, Aon; Brian Brown, Milliman; John Jacobi, Aon show more Location Minneapolis Grand Ballroom Description Economic and social inflation continue to be top of mind topics for (re)insurers: CPI inflation is the highest it has been since the 1980s. Supply shortages are adding to other economic factors to continue to fuel price increases. In addition, social inflation is causing a spike in claim costs. One factor unrelated to CPI increases that is fueling claim costs is third party litigation funding and the likelihood of juries to award large verdicts. This session will delve into the underlying drivers of economic and social inflation, their impacts on (re)insurer books of business. The speakers will suggest techniques for dealing with these highest levels of inflation we’ve seen in 40+ years, including ideas on how actuaries can select trend rates. Timeslot - Day, Date, Time Monday, Nov 7 3:00PM - 4:15PM CST Speakers Benoit Carrier Aon Brian Brown Milliman John Jacobi Aon Take the Pledge--Be an Actuary of the Future! Wesley Griffiths, Travelers Insurance; Julia Stenberg, CNA Insurance Companies; Alejandra Nolibos, Willis Towers Watson; Jessica Leong, Octagram; Eric Kendig, Travelers show more Location Orchestra Ballroom B Description In her address to new members at the 2021 CAS Annual Meeting, Jessica Leong challenged members to be Actuaries of the Future--to apply our analytical skills to solve business problems with a tangible result. What are some examples of this in practice? How can you meet this challenge? In this session, a panel of Actuarial leaders responsible for hiring and developing actuaries will share tangible examples, ways to start putting this into practice, and answer questions. Please join us, and take the pledge to be an Actuary of the Future! Timeslot - Day, Date, Time Monday, Nov 7 3:00PM - 4:15PM CST Speakers Wesley Griffiths Travelers Insurance Julia Stenberg CNA Insurance Companies Alejandra Nolibos Willis Towers Watson Jessica Leong Octagram Eric Kendig Travelers The Actuarial Meaning of Insurance Bob Miccolis, Miccolis Consulting LLC; Robert Walling, Pinnacle Actuarial Resources, Inc.; Jonathan Charak, Zurich North America show more Location Orchestra Ballroom A Description The actuarial profession is grounded in the concepts of insurance. Many academic and other authors have written about the concepts and definitions of insurance. Actuaries have developed actuarial standards of practice, practice notes, principles, etc. However, the actuarial profession seldom explains the actuarial meaning of insurance. Insurance laws and regulations define insurance to protect the policyholders and the public. Accounting standards define insurance to fairly represent financial statements. But actuaries tend to rely on other professions to define insurance. Nonetheless, the actuarial profession has excellent insights about the wide scope of insurance applications since actuaries provide the quantifications necessary for insurance to survive despite many unknowns and uncertainties which resist measurement. Insurance pricing disputes arise around the definition of insurance, insurability, insurance accounting, insurer regulation, insurance taxation, arm’s length pricing of insurance transactions, actuarial pricing judgments, and actuarial risk assessment of insurer solvency. The law of large numbers is oft quoted as the foundation of actuarial science for insurance. However, this statistical law does not define insurance nor the actuarial profession. The presenters will discuss the actuarial meaning of insurance and highlight the major debates about the actuarial perspectives about the actuarial estimates necessary for insurance transactions to occur. The presenters will present examples to illustrate the potential for conflicting views and confusion when the definition and meaning of insurance is being questioned. Timeslot - Day, Date, Time Monday, Nov 7 3:00PM - 4:15PM CST Speakers Bob Miccolis Miccolis Consulting LLC Robert Walling Pinnacle Actuarial Resources, Inc. Jonathan Charak Zurich North America The Future of Enterprise Risk Management : Six Future Scenarios Robert Wolf, StoneTrust Commercial Insurance Company show more Location Orchestra Ballroom C Description Enterprise Risk Management has evolved over the years and continues to evolve. Scenario based planning is good tool for forming company strategy and planning risk management. Scenarios considered could include current real life scenario (e.g. combining a pandemic, weather events, supply chain issues, inflation and a regional war all at the same time). Multi risk scenarios can provide major insights about a company’s resilience that do not necessarily happen when considering single risk scenarios or even with incorporating stochastic models. This session will describe several ways that the future might play out for enterprise risk management. The discussion will include thoughts on the likelihood of six possibilities of how ERM could realize and how the likelihood of those possibilities could be altered by our experiences over the past” two plus” years. Join us for a thought provoking discussion. We will also discuss the dilemma of the three little pigs in consideration of the above. Timeslot - Day, Date, Time Monday, Nov 7 3:00PM - 4:15PM CST Speakers Robert Wolf StoneTrust Commercial Insurance Company
4:30pm CST CAS Research: Approaches to Address Racial Bias Elizabeth Demmon Storm, Travelers; Allan Ouyang, Travelers show more Location Orchestra Ballroom A Description Join us for a discussion of the Casualty Actuarial Society’s Research Paper Series on Race and Insurance Pricing and the role of the actuary in addressing issues related to the topic. While material from each of the four papers may be referenced, this discussion will focus on Approaches to Address Racial Bias in Financial Services: Lessons for the Insurance Industry (https://www.casact.org/sites/default/files/2022-03/Research-Paper_Approaches-to-Address-Racial-Bias_0.pdf). What examples from other financial services are helpful to consider? Is the insurance industry destined to be reactive to regulatory framework? What role should the actuary take moving forward? Participants are encouraged, but not required, to review the paper in advance of the roundtable session. Timeslot - Day, Date, Time Monday, Nov 7 4:30PM - 5:20PM CST Speakers Elizabeth Demmon Storm Travelers Allan Ouyang Travelers Speed Networking show more Location Rochester Description Interested in making new connections at the meeting? Join us for an interactive Speed Networking event we are hosting for CAS members on Monday, November 7, from 4:30-5:45 p.m. Please complete this event signup, as we will be capping this activity at 50 attendees! (Please note this is exclusively for CAS members.) https://www.signupgenius.com/go/10c0b44aaae2fa3ff2-20221 Timeslot - Day, Date, Time Monday, Nov 7 4:30PM - 5:45PM CST Sustainability and Insurance: Should It Matter to Your Organization? Jonathan Charak, Zurich North America show more Location Orchestra Ballroom B Description Facilitated discussion on Sustainability in Insurance and what it means for your company from opportunity and risks. Sustainability and ESG will bring along liability and transition risks along with new accounting paradigms (e.g. SASB, TCFD, TNFC) and disclosures. This session is meant to provoke thought and hopefully lead you to think holistically how to approach this emerging topic at your own organization. Timeslot - Day, Date, Time Monday, Nov 7 4:30PM - 5:20PM CST Speakers Jonathan Charak Zurich North America
6:00pm CST Officers' Reception for New Fellows show more Location Conrad Description Name badges are required at all events. Guests must have a ticket. Extra tickets can be purchased at the CAS Registration Desk in the Red Wing Room on the 3rd Floor. Timeslot - Day, Date, Time Monday, Nov 7 6:00PM - 7:00PM CST
Tuesday, November 8
7:00am CST Attendee Lounge show more Location Duluth Description Looking for a quiet space, or perhaps a place to meet up with a fellow attendee? Head over to the CAS Attendee Lounge, which is open Sunday (2-7:30p), Monday (7a-7:30p), Tuesday (7a-4p), and Wednesday (7a - 1p). The lounge is in the Duluth Room. on the 3rd Floor. Timeslot - Day, Date, Time Tuesday, Nov 8 7:00AM - 4:00PM CST Continental Breakfast, CAS Board Member Meet & Greet, and Exhibits show more Location Grand Ballroom Foyer Description Name badges are required at all events. Timeslot - Day, Date, Time Tuesday, Nov 8 7:00AM - 8:30AM CST DEI in the Actuarial Profession Samuel Nolley, Arch Insurance Group show more Location Orchestra Ballroom B Description 4% of actuaries are Black or Latino, compared to 15% of PhD recipients and 17% of STEM jobs. CAS research shows key challenges in the pipeline, in hiring, and in including people in the profession. Many organizations are announcing DEI initiatives, but what can individuals do? Come share best practices and advice for individuals who want to personally make a difference in improving diversity, equity and inclusion in the actuarial profession. For further reading, see: • CAS infographic: Keys to Unlocking Diversity in the Actuarial Profession (https://www.casact.org/sites/default/files/2022-02/Unlocking%20Diversity%20InfoGraphic.pdf) • Article: New Report Holds Keys to Diversity and Inclusion: Five Barriers Revealed (https://ar.casact.org/new-report-holds-keys-to-diversity-and-inclusion-five-barriers-revealed/) Timeslot - Day, Date, Time Tuesday, Nov 8 7:00AM - 7:50AM CST Speakers Samuel Nolley Arch Insurance Group How Work has Changed as a Result of COVID Joshua Merck, Deloitte Consulting, LLP show more Location Orchestra Ballroom C Description Please join us for a discussion on successes / challenges or just the status quo for the working environment post-covid. Are teams consistently back in the office? How has this impacted training, development, productivity, retention? Looking to discuss industry and consulting perspectives to learn what seems to work best as we navigate the working style of the profession going forward. Timeslot - Day, Date, Time Tuesday, Nov 8 7:00AM - 7:50AM CST Speakers Joshua Merck Deloitte Consulting, LLP Open Meeting Room show more Location Director's Row 3 Description Would you like to meet with some of your colleagues in a private room, the CAS has set up this Open Meeting Room. Timeslot - Day, Date, Time Tuesday, Nov 8 7:00AM - 4:00PM CST Registration show more Location Red Wing Room Description We encourage you to pick up your registration materials early to avoid lines. Timeslot - Day, Date, Time Tuesday, Nov 8 7:00AM - 1:00PM CST
8:00am CST Embedded Insurance and How It Could Change the Industry Landscape Joshua Snead, Rainwalk; Michael Meeks, battleface; Cole Platt, Root Insurance show more Location Marquette Ballroom Description As technology has evolved so have economies and market dynamics. Embedded insurance has entered the scene as an area with rapid growth potential in a shifting insurance distribution paradigm. This session will bring in thought leaders in the space to not only define embedded insurance but also explore the opportunities and challenges it could present for the industry. Timeslot - Day, Date, Time Tuesday, Nov 8 8:00AM - 9:30AM CST Speakers Joshua Snead Rainwalk Michael Meeks battleface Cole Platt Root Insurance Key Risks and Opportunities: Today and Tomorrow Katey Walker, WTW; Sean Kevelighan, Insurance Information Institute; Dale Porfilio, Insurance Insurance Institute show more Location Minneapolis Grand Ballroom Description With both climate-related risks and social inflation driving increasing losses and generating headlines, it’s important to understand both the drivers and outlook for these impacts on the insurance industry. First, climate related perils have caused significant events in recent years such as wildfires, hurricanes, derechos, and flooding. The session will explore the climate risk landscape and discuss how insurers, communities, and regulators are responding. Second, the session will turn to social inflation and the rising impact of litigation costs and claim payouts. The presentation will discuss the proliferation of class-action lawsuits, outsized verdicts, and litigation funding, while exploring the close connection between social and economic inflation. This session will conclude with a discussion of these topics with a forward-looking approach about what the industry and actuarial profession can do in response to these growing risks, as well as questions from the audience. Timeslot - Day, Date, Time Tuesday, Nov 8 8:00AM - 9:30AM CST Speakers Katey Walker WTW Sean Kevelighan Insurance Information Institute Dale Porfilio Insurance Insurance Institute
9:30am CST Transition & Exhibits show more Location Grand Ballroom Foyer Description Name badges are required at all events. Timeslot - Day, Date, Time Tuesday, Nov 8 9:30AM - 10:00AM CST
10:00am CST Autonomous Vehicles: Things an Actuary Should Know John Scanlon, Waymo; Tilia Gode, Waymo show more Location Minneapolis Grand Ballroom Description In this session we will speak about autonomous vehicles, how they function, what data is collected and how we can think about quantifying the safety benefits of the technology. Timeslot - Day, Date, Time Tuesday, Nov 8 10:00AM - 11:15AM CST Speakers John Scanlon Waymo Tilia Gode Waymo Building the Actuary of the Future Chelsea Adler, Root Insurance Company; Dominic Lee, SAS; Rafael Costa, Cruise; Josh Taub, The Infinite Actuary show more Location Orchestra Ballroom C Description The industry has evolved and so have the skills needed to be a successful actuary and risk expert. This session covers the hard and soft skills that an actuary should strive to possess to maximize their impact and value creation. We will also explore various growth opportunities that exist for actuaries and how those can be personally and professionally rewarding. Timeslot - Day, Date, Time Tuesday, Nov 8 10:00AM - 11:15AM CST Speakers Chelsea Adler Root Insurance Company Dominic Lee SAS Rafael Costa Cruise Josh Taub The Infinite Actuary Challenges and Tips for Researching DEI Topics Lisa Schilling, Society of Actuaries; Mallika Bender, Casualty Actuarial Society; Jean-Marc Fix, Optimum Re Insurance Company; Sharla Floyd, American Family Insurance show more Location Orchestra Ballroom B Description "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" Timeslot - Day, Date, Time Tuesday, Nov 8 10:00AM - 11:15AM CST Speakers Lisa Schilling Society of Actuaries Mallika Bender Casualty Actuarial Society Jean-Marc Fix Optimum Re Insurance Company Sharla Floyd American Family Insurance Hot Topics for International Actuaries Ronald Kozlowski, RTK Actuarial & Professional Services; Kendra Felisky, Marcuson Consulting Ltd; Yvonne Palm, African Reinsurance Corporation; Nicolas Vega, Koffie Insurance show more Location Rochester Description Have you ever wondered what the CAS is doing internationally? Are you interested in the issues being faced by actuaries outside of North America? Come to this session to hear from the CAS VP International on what the CAS is doing to meet the Pillar 3 objective of growing internationally. Also hear from actuaries with experience from outside of North America about the hot topics for international actuaries, whether it is IFRS17, Solvency II, climate change, or ??? Timeslot - Day, Date, Time Tuesday, Nov 8 10:00AM - 11:15AM CST Speakers Ronald Kozlowski RTK Actuarial & Professional Services Kendra Felisky Marcuson Consulting Ltd Yvonne Palm African Reinsurance Corporation Nicolas Vega Koffie Insurance Mitigation that Matters: A Wildfire Case Study Margaret Brinkmann, Milliman; Thomas Larsen, CoreLogic; Joshua Merck, Deloitte Consulting, LLP show more Location Marquette Ballroom Description 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”. Timeslot - Day, Date, Time Tuesday, Nov 8 10:00AM - 11:15AM CST Speakers Margaret Brinkmann Milliman Thomas Larsen CoreLogic Joshua Merck Deloitte Consulting, LLP Penalized Regression - Between Credibility and GBM Mattia Casotto, Akur8; Jonathan Charak, Zurich North America; Guillaume Beraud-Sudreau, Akur8 show more Location Orchestra Ballroom A Description "Penalized regression is steadily becoming a mainstream application in ratemaking. There is a momentum in the insurance space with innovation in research, software and production on penalized techniques that build and innovate the standard GLM models. Historically, this technique was popularized by the machine learning literature, and how it is taught is not synchronized with how actuaries approach modeling to solve insurance problems. This should not be the case: the penalized framework is versatile and allows to effectively solve many insurance use cases that are currently tackled via established techniques. First, we will see how, practically and theoretically, Penalized Regressions are effectively Credibility procedures and allow to blend GLM with credibility to reduce overfitting and improve a model’s ability to generalize. Then on the other hand, we will display how Penalized regression can be thought of as GBMs, a powerful but yet completely black box modeling technique. Since Penalized regressions can effectively tie standard Credibility practices and incorporate some of the benefits of GBMs, this presentation aims to contribute the diffusion of these techniques as solid alternatives to standard GLMs for ratemaking." Timeslot - Day, Date, Time Tuesday, Nov 8 10:00AM - 11:15AM CST Speakers Mattia Casotto Akur8 Jonathan Charak Zurich North America Guillaume Beraud-Sudreau Akur8 The Tech Spectrum Ryan McMahon; Adrian Jones, HSCM Ventures; Bill O'Keefe, TigerRisk Partners show more Location Orchestra Ballroom D Description The line between Insurtech and Traditional insurers has blurred over the years. Every company sits somewhere on the technology spectrum, and it is important to know how companies got to their position as well as which direction they are going. This session will cover the tradeoffs for investments in technology and innovation and the corresponding results, both short-term and long-term, expected from making those investments. Timeslot - Day, Date, Time Tuesday, Nov 8 10:00AM - 11:15AM CST Speakers Ryan McMahon Adrian Jones HSCM Ventures Bill O'Keefe TigerRisk Partners
11:15am CST Refreshment Break & Exhibits show more Location Grand Ballroom Foyer Description Name badges are required at all events. Timeslot - Day, Date, Time Tuesday, Nov 8 11:15AM - 11:45AM CST
11:45am CST ADAS: Why Isn't It Working? Or Is It??? Donald Hendriks, Carfax; Dushyant Pattni, Nationwide Insurance; Matthew Moore, Highway Loss Data Institute show more Location Orchestra Ballroom A Description Using evidence from the CARFAX Vehicle Insights Program, we will investigate how Advanced Driver Assistance Systems (ADAS) are impacting auto insurers. We will review which features are the effective at reducing claims frequency, and drill into the reasons behind the apparent increase in severity for ADAS-equipped vehicles. Timeslot - Day, Date, Time Tuesday, Nov 8 11:45AM - 1:00PM CST Speakers Donald Hendriks Carfax Dushyant Pattni Nationwide Insurance Matthew Moore Highway Loss Data Institute CAS Admissions Department Updates Maggie Lyons, Casualty Actuarial Society; Ashley Zamperini, Casualty Actuarial Society; William Wilder show more Location Rochester Description 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. Timeslot - Day, Date, Time Tuesday, Nov 8 11:45AM - 1:00PM CST Speakers Maggie Lyons Casualty Actuarial Society Ashley Zamperini Casualty Actuarial Society William Wilder Commercial Auto - At Crossroads? Thomas Kenia, Aon; Timothy McCarthy, Verisk Underwriting Solutions; Benoit Carrier, Aon show more Location Marquette Ballroom Description 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. Timeslot - Day, Date, Time Tuesday, Nov 8 11:45AM - 1:00PM CST Speakers Thomas Kenia Aon Timothy McCarthy Verisk Underwriting Solutions Benoit Carrier Aon Dislocation Analysis: Segment Detection of Disrupted Rates Francis Gribbon, Verisk Underwriting Solutions; Robert Zolla, Milliman; Thomas Holmes, Akur8 show more Location Orchestra Ballroom D Description 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. Timeslot - Day, Date, Time Tuesday, Nov 8 11:45AM - 1:00PM CST Speakers Francis Gribbon Verisk Underwriting Solutions Robert Zolla Milliman Thomas Holmes Akur8 Open-Source Actuarial Science with Examples Aaron Hillebrandt, Pinnacle Actuarial Resources, Inc.; Kenneth Hsu, Breach Insurance; John Bogaardt, WCF Insurance show more Location Orchestra Ballroom B Description Actuarial science has been built on the idea of open-science with a rich repository of papers, monographs, and studies made freely available by the CAS. The CAS also has its own GitHub organization, and has allowed the open-science philosophy to be extended to open-source tooling. In this session, we will explore the benefits of open-source tools, and how we can all get involved. We will also dive deeper into the Chainladder-Python library to give a practical example of how these tools and the community that surround them can benefit you and your organization. A live demo will be run in Google Colab. If you want to follow along, all you need is a laptop with a web browser - no prior installation required. Please sign up for the associated round table if you are interested in a hands-on tutorial working session led by the speakers. Timeslot - Day, Date, Time Tuesday, Nov 8 11:45AM - 1:00PM CST Speakers Aaron Hillebrandt Pinnacle Actuarial Resources, Inc. Kenneth Hsu Breach Insurance John Bogaardt WCF Insurance Spreadsheets vs R or Python? Liam McGrath, WTW; Kevin Dalton, American Modern Insurance Group; Patrick Yu, Kaiser Permanente show more Location Minneapolis Grand Ballroom Description Is the actuarial profession changing from using spreadsheets to using programming languages like R or Python?  Hear some of you colleagues explain why they have switched! Spreadsheets keep the data in front of the user with the calculations hidden in the background.  Traditional coding using R or Python keep the calculations in front of the user, with the data hidden in the background.  See some real examples on how typical actuarial tasks are being transformed into R and Python. Timeslot - Day, Date, Time Tuesday, Nov 8 11:45AM - 1:00PM CST Speakers Liam McGrath WTW Kevin Dalton American Modern Insurance Group Patrick Yu Kaiser Permanente Winning the Communication Battle Brian Brown, Milliman; Kevin Donnelly, UnitedHealthcare; Kathleen Odomirok, EY show more Location Orchestra Ballroom C Description Actuarial work is complicated and difficult to understand and so it is hard for non-actuaries to understand our work. The problem is often exacerbated by actuaries having spent 10,000 or more hours studying technical matters but probably less than 1,000 hours developing communication skills. As actuaries advance in their careers, effective communication becomes more important than analytical work (which can be delegated to capable staff). Also, as actuaries we likely have even less experience in dealing with confrontation which can be critical when communicating bad news. This session will provide a number of suggestions to help you and your staff become better communicators. We will also cover through two vignettes some of the more difficult communication situations that actuaries face (Presenting to Boards and Delivering Bad News). Timeslot - Day, Date, Time Tuesday, Nov 8 11:45AM - 1:00PM CST Speakers Brian Brown Milliman Kevin Donnelly UnitedHealthcare Kathleen Odomirok EY
2:30pm CST CAS Admissions Update - Roundtable show more Location Orchestra Ballroom C Description CAS launched the Admissions Transformation Plan (ATP) in 2021 as a high-level blueprint of key milestones to evolve and enhance the CAS credentialing program for the future, building on our long tradition of providing the premier designation for property-casualty actuaries. CAS Admissions Staff is looking to engage with members on some of the topics covered during the earlier session with discussions on new exam design and development, new exam features, and newly developed study materials. Timeslot - Day, Date, Time Tuesday, Nov 8 2:30PM - 3:20PM CST Current Industry Trends Impacting Hiring Pauline Reimer, Pryor Associates Executive Search show more Location Rochester Description Please join Pauline Reimer of Pryor Associates for a discussion of the most salient issues currently impacting recruitment, including Salary History Bans, DE&I, Remote Work, Virtual Interviewing, and lastly -- The Great Resignation. Timeslot - Day, Date, Time Tuesday, Nov 8 2:30PM - 3:20PM CST Speakers Pauline Reimer Pryor Associates Executive Search New ACAS Roundtable: The Associate’s Perspective show more Location Orchestra Ballroom B Description New Associates discuss their decisions to pursue careers in P&C and offer the CAS advice on positioning itself as the best career path for aspiring actuaries, improving its connection to exam candidates and better engaging new members in the CAS community. Limited to New Associates only. Timeslot - Day, Date, Time Tuesday, Nov 8 2:30PM - 3:20PM CST Open-Source Actuarial Science Chainladder-Python Working Session Kenneth Hsu, Breach Insurance; John Bogaardt, WCF Insurance show more Location Orchestra Ballroom D Description This is the supplemental round table session to "Open-Source Actuarial Science with Examples" presented by John Bogaardt and Kenneth Hsu. Join us as we form small groups and work on the on-boarding tutorial together and explore the most popular open-source package in the actuarial community: chainladder-python. Please bring a laptop, all you need is an internet browser, no prior installation or set up is necessary. Python experience is not required. Timeslot - Day, Date, Time Tuesday, Nov 8 2:30PM - 3:20PM CST Speakers Kenneth Hsu Breach Insurance John Bogaardt WCF Insurance Using Insurance Data to Improve Risk Scoring Leandro DalleMule, Planck show more Location Orchestra Ballroom A Description Existing commercial insurance loss propensity scores have leveraged traditional, generic business data - not specific to insurance - to predict future losses. There is an opportunity to create new risk scores that create unprecedented loss propensity score performance by tapping into specific line of business (e.g., Workers Comp, General Liability, etc.) and business segment specific (e.g., Construction, Manufacturing, Retail, etc.) insurance data assets. Insurance specific data assets create unprecedented lift to the efficacy and performance of commercial loss propensity models. In this session you will be able to apply risk scoring to improve underwriting, preventing premium leakage and improve the renewal process. Timeslot - Day, Date, Time Tuesday, Nov 8 2:30PM - 3:20PM CST Speakers Leandro DalleMule Planck
Wednesday, November 9
7:00am CST Attendee Lounge show more Location Duluth Description Looking for a quiet space, or perhaps a place to meet up with a fellow attendee? Head over to the CAS Attendee Lounge, which is open Sunday (2-7:30p), Monday (7a-7:30p), Tuesday (7a-4p), and Wednesday (7a - 1p). The lounge is in the Duluth Room. on the 3rd Floor. Timeslot - Day, Date, Time Wednesday, Nov 9 7:00AM - 1:00PM CST Construction Defects Ronald Kozlowski, RTK Actuarial & Professional Services show more Location Orchestra Ballroom B Description Come talk about construction defect reserving issues. We’ll start by asking what the audience wants to cover and then talk to those points. This may include data segmentation, data issues, reserving methods and trends in assumptions. We can talk about recent hurdles in analyses and discuss how the actuary tackled those issues. Timeslot - Day, Date, Time Wednesday, Nov 9 7:00AM - 7:50AM CST Speakers Ronald Kozlowski RTK Actuarial & Professional Services Continental Breakfast show more Location Grand Ballroom Foyer Description Name badges are required at all events. Timeslot - Day, Date, Time Wednesday, Nov 9 7:00AM - 8:30AM CST Open Meeting Room show more Location Director's Row 3 Description Would you like to meet with some of your colleagues in a private room, the CAS has set up this Open Meeting Room. Timeslot - Day, Date, Time Wednesday, Nov 9 7:00AM - 1:00PM CST Registration show more Location Red Wing Room Description We encourage you to pick up your registration materials early to avoid lines. Timeslot - Day, Date, Time Wednesday, Nov 9 7:00AM - 1:00PM CST Speaker Ready Room show more Location Director's Row 4 Description Annual Meeting Presenters - There is a room dedicated to all Annual Meeting moderators & panelists as a space for you to meet up and work on your presentation. The Speaker Ready Room is open Sunday (2-7:30p), Monday (7a-7:30p), Tuesday (7a-4p) and Wednesday (7a - 1p) in Director's Row 4 on the 3rd Floor. Timeslot - Day, Date, Time Wednesday, Nov 9 7:00AM - 1:00PM CST
8:00am CST Applications of Gaussian Process Regression Models Marco De Virgilis, Arch Insurance Group; Francis Gribbon, Verisk Underwriting Solutions; Giulio Carnevale, PartnerRe show more Location Rochester Description Gaussian Processes (GP) are stochastic processes, collections of indexed random variables based on the normal distribution. In the context of statistics these processes are well known and well-behaved objects that have been extensively explored. On the other hand, Gaussian Process Regression (GPR), is a relatively lesser-known procedure based on GP, which can be implemented both for regression and classification problems. GPR can be defined as a supervised non-parametric technique stemming from the Bayesian field. This is a relatively novel technique in the field of Machine Learning, only used in some niche applications. Moreover, its use is nearly unknown in Actuarial Science, with only one analysis published in the literature. The presentation will: a) Briefly review the theoretical foundations behind GPR. b) Show how to apply suitable reserving algorithms based on GPR on typical insurance data sets. c) Compare different approaches in terms of predictive performance and practical usability. Timeslot - Day, Date, Time Wednesday, Nov 9 8:00AM - 9:15AM CST Speakers Marco De Virgilis Arch Insurance Group Francis Gribbon Verisk Underwriting Solutions Giulio Carnevale PartnerRe Enterprise Risk Management – Steering Your Board: Guidance and Buy-In Daniil Shalmiyev, Gallagher Re; Raju Bohra, Gallagher Re; Michelle Baurkot, Gallagher Re; Robert Wolf, StoneTrust Commercial Insurance Company show more Location Orchestra Ballroom B Description This session will be represented as a case study and role playing where the Enterprise Risk Professionals will be communicating his/her quarterly ERM and/or annual ORSA report to the Board. What style of presentation is recommended to gain optimum buy-in, understanding, and support from your Board? Risk Appetite statements are often vague and qualitative, making it challenging to make the connection to day-to-day decision making. In this session, we discuss leading practices for defining risk appetite clearly and quantitatively, providing a direct and actionable line-of-sight to decision making. Join us in an interactive session where panelists will be involved in role-playing in the interest of generating interactive discussions with the audience. Timeslot - Day, Date, Time Wednesday, Nov 9 8:00AM - 9:15AM CST Speakers Daniil Shalmiyev Gallagher Re Raju Bohra Gallagher Re Michelle Baurkot Gallagher Re Robert Wolf StoneTrust Commercial Insurance Company From Theory to Practice: Applications and Illustrations of Bias Identification and Mitigation Techniques Marc Elliott (Virtual Speaker), RAND Corporation; Mallika Bender, Casualty Actuarial Society; Michael Chen, Willis Towers Watson show more Location Minneapolis Grand Ballroom Description The utilization of models and the potential for the presence of bias or disproportionate impact on certain protected classes is a pressing topic in the insurance industry today. Many have weighed in on the topic, from regulatory and advocacy groups to actuaries and data scientists, and the discussion has ranged from holistic to technical. This presentation will bridge the gap by providing practical considerations and illustrations of different approaches to identify and address potential bias. The session will begin by exploring one technique known as Bayesian Improved Surname Geocoding, that has been used across many industries to infer protected class information, specifically race/ethnicity, for the purposes of bias identification and mitigation efforts. The session will then proceed to offer easy to understand mathematical representations of some of the common approaches to identify and mitigate potential bias in actuarial data and models. Timeslot - Day, Date, Time Wednesday, Nov 9 8:00AM - 9:15AM CST Speakers Marc Elliott (Virtual Speaker) RAND Corporation Mallika Bender Casualty Actuarial Society Michael Chen Willis Towers Watson Introduction to Layered GBM Justin Milam, WTW; Liam McGrath, WTW show more Location Orchestra Ballroom A Description In this session, the speakers will introduce an innovation on the traditional Gradient Boosting Machine (GBM), which we call Layered GBM. The GBM algorithm has established itself as a strong tool for modelers, but suffers from the reputation as being a complex, black box approach to modeling. We will describe the concept behind the Layered GBM and illustrate how this alternative provides improved interpretability of the model results, without loss of predictiveness, compared to the traditional GBM outputs. We made these adaptions in recognition we are looking at the insurance problem as a whole, and the model outputs need to provide more than a validation of accuracy. This enhanced interpretability can make GBMs more attractive to internal stakeholders and regulators. Timeslot - Day, Date, Time Wednesday, Nov 9 8:00AM - 9:15AM CST Speakers Justin Milam WTW Liam McGrath WTW Understanding the Impacts of Climate Change on Atmospheric Perils Carl Ashenbrenner, Milliman; Dan Ward, Karen Clark & Company; Michael Tine, Karen Clark & Company show more Location Marquette Ballroom Description Atmospheric Perils such as Hurricane, Storm Surge, and Wildfire are changing. How are these changes impacting your company’s portfolio? This session explores the finding from the Sixth Assessment Report (AR6) of the United Nations (UN) Intergovernmental Panel on Climate Change (IPCC) related to Atmospheric Perils and how these changes have been incorporated into catastrophe models. In addition, we look at a basic example of how your company can use climate-related catastrophe models to project future expected losses given a range of possible global shifts in fossil fuel use. Timeslot - Day, Date, Time Wednesday, Nov 9 8:00AM - 9:15AM CST Speakers Carl Ashenbrenner Milliman Dan Ward Karen Clark & Company Michael Tine Karen Clark & Company Used is the New New: A Changing Auto Market Matthew Moore, Highway Loss Data Institute; Gary Wang, Pinnacle Actuarial Resources, Inc.; Donald Hendriks, Carfax show more Location Orchestra Ballroom D Description Over the last 24 months, the new car market has encountered several major disruptions. It began the pandemic shutdowns depressed the demand side of the market equation, then was exacerbated as drivers transitioned to long-term work-from-home arrangements. Then, as the market began to pick up, plant shutdowns, parts shortages, and supply chain disruptions depressed the supply side of the market equation. The used car market has shifted to fill the gaps in the new car market. Timeslot - Day, Date, Time Wednesday, Nov 9 8:00AM - 9:15AM CST Speakers Matthew Moore Highway Loss Data Institute Gary Wang Pinnacle Actuarial Resources, Inc. Donald Hendriks Carfax What Everyone Needs to Know About Bitcoin & Crypto Ravi Sharma, Willis Towers Watson; Marty Ellingsworth, J. D. Power show more Location Orchestra Ballroom C Description Bitcoin is the amalgamation of years of development within cryptography, computer science, and economic fields of study. While the technology is new to many, the underlying principles are slow, steady, and stable evolutions of these time-honored disciplines. As headlines and the daily news cycle are quick to jump to conclusions, it’s important for the insurance industry to look to the horizon and develop a solid understanding of this technology and how it can play a role in our industry’s future. Timeslot - Day, Date, Time Wednesday, Nov 9 8:00AM - 9:15AM CST Speakers Ravi Sharma Willis Towers Watson Marty Ellingsworth J. D. Power
9:15am CST Refreshment Break & Exhibits show more Location Grand Ballroom Foyer Description Name badges are required at all events. Timeslot - Day, Date, Time Wednesday, Nov 9 9:15AM - 9:45AM CST
9:45am CST AM Best Mock Rating Hearing Victoria Riggs, AM Best Company; Robert Wolf, StoneTrust Commercial Insurance Company show more Location Marquette Ballroom Description 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. Timeslot - Day, Date, Time Wednesday, Nov 9 9:45AM - 11:00AM CST Speakers Victoria Riggs AM Best Company Robert Wolf StoneTrust Commercial Insurance Company Application of Bayesian MCMC to Reserving Noisy Data Michael Larsen, Retired; Carl Ashenbrenner, Milliman show more Location Orchestra Ballroom D Description This session will present a couple of short case studies illustrating how to estimate reserves by applying Bayesian MCMC concepts on noisy data. The first case study will apply to low frequency / high severity lines of business such as Directors and Officers or Umbrella, where the loss triangle shows zero payments in early development months and the claim severity has a heavy tail. The next case will apply to incorporating changes to reserving models, such as organizational, business, or inflationary changes. Timeslot - Day, Date, Time Wednesday, Nov 9 9:45AM - 11:00AM CST Speakers Michael Larsen Retired Carl Ashenbrenner Milliman Flood Insurance: An Update Derek Lynch, reThought Insurance; Andy Neal, FEMA; Joseph Becker, Guy Carpenter show more Location Orchestra Ballroom A Description Hurricane Ian is the latest in a series of significant events that have influenced our industry’s thinking about flood insurance. During this session, we will discuss how major events like HU Ian affects the National Flood Insurance Program and private flood insurance market. Additionally, we will review the tools currently used to quantify and trade flood risk, discuss the current and potential future state of flood insurance in the US, and speak to the behaviors that drive flood insurance take up rates. We will close with practical insight into what every actuary should know about flood insurance. Timeslot - Day, Date, Time Wednesday, Nov 9 9:45AM - 11:00AM CST Speakers Derek Lynch reThought Insurance Andy Neal FEMA Joseph Becker Guy Carpenter How Inflation and Enhanced Safety Features are Changing the Personal Auto Insurance Market Matthew Moore, Highway Loss Data Institute; Justin Milam, WTW; Marty Ellingsworth, J. D. Power; Katey Walker, WTW show more Location Orchestra Ballroom B Description The annual inflation rate was at 9.1% through June of 2022, including rates of 59.9% for gasoline, 11.4% for new vehicles, and 1.7% for used cars and trucks. At the same time, vehicles are increasingly included with enhanced safety features that impact the insurance industry in a variety of ways. In this session, we will discuss the changes in the new and used vehicle market since 2020, the evolution of enhanced safety features, how these are impacting personal auto loss costs, and how companies are reacting. Timeslot - Day, Date, Time Wednesday, Nov 9 9:45AM - 11:00AM CST Speakers Matthew Moore Highway Loss Data Institute Justin Milam WTW Marty Ellingsworth J. D. Power Katey Walker WTW Revision of ASOP 12 Risk Classification – and Other Related Activities Dave Sandberg, David Sandberg LLC; Ronald Kozlowski, RTK Actuarial & Professional Services; Bob Miccolis, Miccolis Consulting LLC; Brian Mullen, American Family Insurance Group show more Location Minneapolis Grand Ballroom Description The Actuarial Standards Board is proposing changes to ASOP 12 on Risk Classification. Insurance rates in many states shall not be “excessive, inadequate, or unfairly discriminatory.” The actuarial profession has long considered that rates meet those rating laws if the rates are actuarially sound. But understanding the precise meanings of “actuarially sound” and “unfairly discriminatory” requires a more nuance understanding. Today's changing views which reflect the nature of social structures and advances in predictive analytics has caused reconsideration of whether existing notions of unfair discrimination and actuarial soundness might perpetuate socially undesirable inequities in insurance products, services, prices (rates), and availability. Timeslot - Day, Date, Time Wednesday, Nov 9 9:45AM - 11:00AM CST Speakers Dave Sandberg David Sandberg LLC Ronald Kozlowski RTK Actuarial & Professional Services Bob Miccolis Miccolis Consulting LLC Brian Mullen American Family Insurance Group Tapping Into the Next Generation of Actuaries Pallav Baruah; Gao Niu, Bryant University; Kristopher Presler, University of Wisconsin - Eau Claire; Douglas Bujakowski, Drake University show more Location Orchestra Ballroom C Description In an industry where emerging trends and issues are consistently making companies innovate and diversify their skill sets, how are the next generation of actuaries prepared to make an immediate impact when entering the workforce? Is your company tapping into the full potential of new candidates and their unique talents? This interactive session will feature this year’s CAS University award winners and highlight the innovative ways they are preparing their students to becoming actuaries of the future. Timeslot - Day, Date, Time Wednesday, Nov 9 9:45AM - 11:00AM CST Speakers Pallav Baruah Gao Niu Bryant University Kristopher Presler University of Wisconsin - Eau Claire Douglas Bujakowski Drake University
11:30am CST The Future of Work Post-COVID-19 : Re-imagining Our Work in the “New Normal” Stephen Belden, North Star Mutual Insurance Company; Deniz Cultu (Virtual Speaker); Holly Price (Virtual Speaker), McKinsey & Company show more Location Minneapolis Grand Ballroom Description The results of the pandemic have accelerated on-going macro trends. The benefits of which has realized in things we can do that were not imaginable pre-post-pandemic. In this session, we discuss opportunities to put these trends to work in our work styles today and tomorrow. In this session we will discuss the “great resignation” and its potential affects on the the P&C Industry, and the opportunities that can be deployed given this trend. Discussion will include whether this trend will be sustainable in the foreseeable future. *Introduced by Sally Ezra, Ezra Penland Timeslot - Day, Date, Time Wednesday, Nov 9 11:30AM - 1:00PM CST Speakers Stephen Belden North Star Mutual Insurance Company Deniz Cultu (Virtual Speaker) Holly Price (Virtual Speaker) McKinsey & Company
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