Skip to main content

How Actuaries Can Create a Pricing Framework Using Next Generation Technologies

Have an attendance code? Sign In to enter it.

CAS provides closed captioning generated by software applications for the convenience of viewers. CAS does not review for accuracy of the information that appears in a closed caption, and such information (including any foreign language translation and transcription displayed in a closed caption) may not be relied upon as an accurate or complete record of CAS programming. CAS makes no representations or warranties, and expressly disclaim any responsibility or liability with respect to, any errors or omissions in, or the accuracy, reliability, timeliness or completeness of, any information that appears in a closed caption.

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 presentation will share ideas on how actuaries can create a pricing framework using next generation technologies. First, we will compare and contrast existing pricing frameworks leveraging common analytics software such as Excel and Access/PowerBI to cloud-based solutions.

These existing frameworks have challenges with documentation and oversight/controls that newer solutions can facilitate, enhancing compliance with ASOPS 41 (Actuarial Communications), 53 (Estimating Future Costs) and 56 (Modeling).

We will review several approaches that actuaries can adopt, providing a deep dive into one or two case studies showing processes actuaries can adopt within their teams, as well as, the technology they can leverage to set up a pricing framework that allows them to move with greater agility without sacrificing robust controls and oversight.

Learning Objectives:

  • Apply Actuarial Standards of Practice 41, 53, and 56 to modern pricing frameworks.
  • Understand how next-generation technology can enable the pricing process transformation
  • Apply best practices to their own organizations in order to unlock value along the pricing process

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
June 7, 2022
Received after
June 7, 2022
Individual $50 $75
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

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


No Broadcast Policy
Your registration entitles you to access CAS’ webinar programs for which you have registered. By registering to attend the webinars, you agree not to sell, transfer, or otherwise share your webinar access link and/or code unless such sharing is authorized by CAS. You further agree not to record or broadcast CAS’ webinar programs without advance written authorization by CAS.

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 June 14, 2022 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

  • Kimberley Ward

    Kimberley Ward, FCAS, MAAA, CPCU, VP, Head of Pricing & Growth Analytics, Xceedance. Kimberley Ward leads ratemaking actuarial services at Xceedance. Kim has been active in the property-casualty insurance business for over 30 years, with an emphasis on property casualty rate making and product development. She has expertise in leadership and strategy execution, facilitating innovation and creativity in industry change.

    Prior to joining Xceedance, Kim worked at Hastings Mutual Insurance Company as the Director of Actuarial Services, where she lead in the overhaul of rate level indications and facilitated the implementation of predictive analytics into several lines of business.

    In the past, Kim was Chief Actuary at American Association of Insurance Services, providing leadership on 19 lines of business, using catastrophe modeling for homeowners by peril rating and earthquake studies.

    Kim is a Fellow of the Casualty Actuarial Society and a member of the American Academy of Actuaries. She is a Chartered Property Casualty Underwriter (CPCU), an associate in reinsurance, and an associate in risk management by The Institutes. She is also an Agribusiness and Farm Insurance Specialist (AFIS).

  • Bruno Becha

    Bruno has been working as a Pricing Actuary and Data Scientist for the past 10 years, for insurance carriers and Machine Learning software companies.
    He currently leads the Actuarial Data Science team at Akur8, with the mission to help carriers and MGAs accelerate and optimize their pricing processes using transparent Machine Learning.

    Bruno holds a Msc in Applied Mathematics from CentraleSupélec (Paris-Saclay) and a Master Of Business in Market Finance from ESCP Europe.

June 21, 2022
Tue 12:00 PM EDT

Duration 1H 30M

This live web event has ended.

For Content or Purchase Questions
(703) 276-3100
9am - 5pm ET**