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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.
This talk will describe different approaches to measuring and modeling underwriting risk, based on US statutory data. It will show that for some lines there is more uncertainty in premiums than there is in losses. It will analyze the underwriting cycle using a unique time series back to 1923. This identifies three distinct periods, the latest starting with the 1986 hard market. Then, it will analyze the dynamics of loss, premium and loss ratio by major line grouping since 1992. The relative significance of premium and loss variability is a characteristic of each line, and in some, premiums are more uncertain than losses. The talk with conclude by discussing applications of the findings to pricing, portfolio optimization, ERM and capital modeling.
Learning Objectives:
- Describe the long-term history of US P&C business and identify different phases of the market.
- Enumerate distinguishing features of each and the drivers of change between them.
- Identify current state of the market.
- Build appropriate models to project its future state.
- Differentiate between premium risk, loss risk, and loss ratio risk.
- Identify how risk variesbetween lines.
- List the primary causes of each type of risk.
- Analyze using time series and regression in R or Python.
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 Nov 16, 2021 |
Received after Nov 16, 2021 |
| Individual | $50 | $75 |
|
Group*
(more than one person using the same internet connection) |
$300 | $350 |
|
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) |
$600 | $650 |
*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 November 23, 2021 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.