Discussions and Updates with A.M. Best- A Webinar in a “Pandemic” World

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Description

PLEASE NOTE: REGISTRATION WILL CLOSE 10 AM ET THE DAY OF THE WEBINAR

The webinar is also intended to provide updates on A.M. Best’s Capital Adequacy Rating (“BCAR”), Enterprise Risk Management (“ERM”) and “Innovation” Considerations on Company Ratings.

Earlier this year, AM Best announced the development of a BCAR (Best’s Capital Adequacy Ratio) stress test to gauge the immediate impact of COVID-19 on rated insurers’ financial strength, as well as to indicate sensitivities and highlight areas that may need further examination.

This session will provide a discussion on the above including, but not be limited to:

Industry outlook changes in the wake of COVID-19
Early leanings from the integration of the Innovation Criteria into the BCRM (Best Credit Rating Methodology)
Industry Reserve Development (by line) and recent changes to BCAR (adding wildfire and inland flood to requested PMLs)
Considerations of the Enterprise Risk Management Criteria into the BCRM

Considerations of these topics in companies’ ratings will be discussed in an interactive dialogue with the audience.

Please note: We strongly suggest that participants test their systems prior to registering for live CAS webinars. Click the system requirements button underneath the Register button on the webinar description page to make sure that you will have no user-end issues. We also suggest that participants login to the webinar early to help stagger the unprecedented number of attendees we have at our webinars.

Registration Information and Fees

PLEASE NOTE: REGISTRATION WILL CLOSE 10 AM ET THE DAY OF THE WEBINAR

Registration Fees (in U.S. Dollars)	Received on/by July 23, 2020	Received after July 23, 2020
Individual	$50	$75
Group* (more than one person using the same internet connection)	$250	$300
Multiple Connections** (Unlimited internet connections for individuals working for the same company. Please note that audio for this presentation will be streamed via the web) New MC Subscription also available.	$500	$550

*Group Registrations will receive a code during the webinar with which they can use to count their attendance.

**Multiple Connection Registrations should contact Leanne Wieczorek directly at lwieczorek@casact.org. The registering party for the Multiple Connection Registration will be responsible for distributing all event details to attending individuals within their company.

Cancellations/Refunds
Registrations fees will be refunded for cancellations received in writing at the CAS Office via fax, 703-276-3108, or email, refund@casact.org , by July 23, 2020 less a $25 processing fee.

CAS Continuing Education Policy
The CAS Continuing Education Policy applies to all ACAS and FCAS members who provide Actuarial Services. Actuarial Services are defined in the CAS Code of Professional Conduct as “professional services provided to a Principal by an individual acting in the capacity of an actuary. Such services include the rendering of advice, recommendations, findings or opinions based upon actuarial considerations.” Members who are or could be subject to the continuing education requirements of a national actuarial organization can meet the requirements of the CAS Continuing Education Policy by satisfying the continuing education requirements established by a national actuarial organization recognized by the Policy. For further information regarding the CAS Continuing Education Policy please visit the CAS web site.

CAS Webinars may qualify for up to 1.8* CE Credits for CAS members. Participants should claim credit commensurate with the extent of their participation in the activity. CAS members earn 1 CE Credit per 50 minutes of educational session time, not to include breaks and/or lunch. *The amount of CE credit that can be earned for participating in this activity must be assessed by the individual attendee. It also may be different for individuals who are subject to the requirements of organizations other than the Casualty Actuarial Society.

Contributors

Thomas Mount

Tom Mount is a senior director in the property/casualty (P/C) ratings division of AM Best. As the P/C actuary at AM Best, Tom’s responsibilities include recommending changes to the U.S. and Canadian P/C capital models, recommending changes to the universal (composite) capital model, recommending changes to the U.S title capital model, analyzing reserve deficiencies and assisting analysts with rating issues that impact BCAR. Tom also recommends changes to questions in the AM Best supplemental rating questionnaire (SRQ), including those related to terrorism, natural catastrophes, non-traditional catastrophe mitigation, casualty catastrophes and cyber risk. Tom has been with AM Best since 2001 and has written many special reports and rating criteria.

Prior to joining AM Best, Tom worked for 12 years at the Atlantic Mutual Companies, and was responsible for a variety of assignments that eventually led to his position as reserving manager in the actuarial department. These responsibilities included producing reserve reviews for commercial and personal lines, rate indications for commercial group accounts, cash flow projections, dividend accruals, unbooked premium accruals, IRS discounting of reserves and responding to rating agency questionnaires.

Tom is a 1986 graduate of Rutgers College and holds a bachelor’s degree in mathematics. Tom also is an associate of the Casualty Actuarial Society, a member of the American Academy of Actuaries, a Chartered Enterprise Risk Analyst and an AIR Certified Extreme Events Modeler (CEEM).
John Andre

John Andre is a managing director in the property/casualty ratings division of AM Best. In this role, he is responsible for managing the U.S.-based teams of analysts that follow regional U.S. insurers, Caribbean-based carriers, medical professional liability insurers, captives and specialty writers. Over his 30-plus years at AM Best, he has been involved with the analysis of wide variety of insurers in more than 90 countries.

John also contributes to special reports and articles on insurance issues and his commentary and viewpoints regularly appear in AM Best’s publications, as well as in various external insurance industry outlets and other media outlets such as the Wall Street Journal and Bloomberg News. Additionally, he presents on insurance topics at a wide array of U.S. and international insurance industry events. Before joining AM Best, John worked in the finance areas of Zurich Reinsurance and Beneficial Insurance Group. John holds a B.A. in Accounting and General Business Education from Montclair State College and an MBA from William Paterson University.
Edin Imsirovic

Edin Imsirovic is an associate director in the property/casualty ratings division of AM Best. In this role, Edin is responsible for a team of analysts that monitor and evaluate the ratings of various property/casualty insurance companies in the United States. Edin has contributed to AM Best’s research publications, and held a leading role in its recent criteria procedure on innovation. Edin speaks regularly on insurance industry issues, including insurtech and emerging technologies.

Prior to joining AM Best in 2016, Edin was associate vice president at AXIS Capital Holdings Limited, where he was responsible for evaluating M&A opportunities. He also covered the insurance sector at KeyBanc Capital Markets as an equity research senior associate.

Edin holds a B.A. in economics and political science from Denison University, and an MBA in finance from Tulane University.

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Description

Contributors

Thomas Mount

John Andre

Edin Imsirovic