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Reserving with Machine Learning: Innovations from Loyalty Programs to Insurance

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Description

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

How is machine learning used for loyalty programs and what can it teach us about insurance claim reserving?

While triangular methods have been a foundational tool for decades, individual claim reserving gives the actuary far more information about changes and trends in the liability. Yet the commonly used individual claim reserving techniques leave some of the most valuable data unexamined.

In this session, we’ll cover the benefits of reserving at the individual claim level and describe an approach that sits at the intersection of data science and actuarial science. This session will also introduce a new actuarial tool – the snapshot date triangle – and demonstrate how it can be combined with machine learning to produce a robust and powerful individual claim reserving system. You will learn why the snapshot date triangle was originally developed for estimating loyalty program liabilities and how it can be used in insurance contexts.

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 30, 2020
Received after
July 30, 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 August 6, 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.

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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

  • Julie Hagerstrand

    Julie is an Actuary and Partner at KYROS Insights, with over a decade of experience working with the world’s largest loyalty programs. She leads client engagements at KYROS, helping loyalty programs across industries manage and optimize billions of dollars of liabilities. She is a Fellow of the Casualty Actuarial Society.

  • Len Llaguno

    Len Llaguno is the Founder and Managing Partner at KYROS Insights. He and his team have been working with many of the world’s largest loyalty programs for more than 10 years, doing highly specialized actuarial analytics to address the wide range of finance, accounting and economic issues facing modern loyalty programs.

August 13, 2020
Thu 12:00 PM EDT

Duration 1H 30M

This live web event has ended.

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