Navigating the Impact of Vehicle Automation on Commercial Auto Ratemaking and Reserving

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Description

PLEASE NOTE: REGISTRATION WILL CLOSE 10 AM ET THE DAY OF THE WEBINAR. DUE TO HIGH VOLUME OF DEMAND, WE ARE ONLY ABLE TO GUARANTEE A SEAT TO THOSE WHO REGISTER 48 HOURS AHEAD OF THE WEBINAR TIME.

Commercial vehicle technology is advancing rapidly, and actuaries need to understand the insurance implications. Autonomous transportation networks are expanding, with more Level 4 vehicles moving to driver-out operations and autonomous trucking fleets growing their footprint. Riders can now hail autonomous vehicles in multiple U.S. cities. This presentation provides background on current best practices for underwriting, pricing, and reserving in commercial auto, plus a snapshot of traditional market performance, before discussing how these approaches may evolve to address autonomous vehicle risks despite limited historical data. The session explores how autonomous systems perform relative to human drivers, the implications for pricing assumptions and claims development patterns, and how actuaries can incorporate safety engineers' expertise into their analyses. Attendees will also gain insight into strategies for incorporating emerging data sources and adapting traditional methodologies to reflect the changing commercial auto landscape.

Learning Objectives:

  1. Understand a high-level view of the current commercial auto market, including standard underwriting, ratemaking , and reserving considerations, and the impact fully autonomous systems have on these elements.
  2. Design appropriate modeling approaches to evaluate the impact of autonomous vehicle technology on both loss costs and claims emergence, including implications for pricing and reserving analyses.
  3. Communicate results of analyses on fully automated commercial vehicles and incorporate findings into existing ratemaking, reserving, and underwriting frameworks.
Registration Information and Fees

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

Registration Fees (in U.S. Dollars)
Individual$60
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)
$820

*Multiple Connection Registrations should contact Mallory Peebles directly at [email protected]. The registering party for the Multiple Connection Registration will be responsible for distributing all event details to attending individuals within their company.

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Registrations fees will be refunded for cancellations received by September 15, 2025 less a $25 processing fee.

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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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Contributors

  • Melissa Huenefeldt

    Melissa is a consulting actuary in the Chicago Casualty practice of Milliman. She joined the firm in 2021. Her area of expertise is commercial casualty reserving with extensive experience in workers' compensation, general liability, professional liability, and auto liability. Prior to joining Milliman, Melissa spent 13 years at a large commercial insurance broker and 2 years at a single-state personal lines insurer. Melissa has a B.S. in Psychology, a B.S. in Mathematics, and a M.S. in Applied Mathematics, all from the University of Central Missouri. She is a Fellow of the Casualty Actuarial Society, a Member of the American Academy of Actuaries, a Chartered Property Casualty Underwriter, and an Associate in Risk Management from The Institutes. She is the Vice President of Professional Education on the CAS Executive Council.

  • Drew Groth

    Drew Groth, FCAS, MAAA, is a Consulting Actuary at Milliman who leads teams performing loss reserving, ratemaking, and predictive modeling analyses, with expertise in commercial auto, general/product liability, and workers’ compensation. Over his 13 years at Milliman, he has specialized in quantifying liabilities and developing insurance solutions for emerging risks, most notably autonomous vehicles (AV) and various mass tort exposures (such as PFAS and talc). Drew is a frequent presenter at Casualty Actuarial Society and other industry events, and his insights on commercial auto and AV have been featured in Carrier Management, Risk & Insurance, and Leader’s Edge.

  • Brekk Hayward

    Brekk Hayward, ASA, MAAA is an Associate Actuary at Milliman with expertise in ratemaking, predictive analytics, and loss reserving across a range of property and casualty lines, including personal lines, commercial auto, medical professional liability, workers' compensation, and credit risk. Brekk has assisted clients with assignments developing and refreshing rating plans (including those for autonomous vehicles), countrywide rate filings, estimating disparate impact, and evaluating the impact of proposed legislation.

September 22, 2026
Tue 12:00 PM EDT

Duration 1H 30M

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