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Property Pricing When Including Catastrophe Perils

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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.

While pricing for natural catastrophe exposed property insurance has many of the aspects of normal property pricing, the catastrophe element does add some challenges. For example, a company’s risk appetite has a significant impact on how they price for catastrophe risk. This session will discuss the basic elements of catastrophe pricing, why cat models were developed and why they are important, and conclude with a discussion around capital and risk management and their relationship with pricing.

Learning Objectives:

  • Attendees will be able to determine and understand how a company’s risk appetite can affect how it prices for catastrophe risk, and how that impacts portfolio risk management objectives.
  • Attendees will be able to describe why cat models have been created and why cat models are an important part of pricing for catastrophe exposed risk.
  • Attendees will be able to identify why understanding the nuances, strengths and weaknesses of catastrophe models are important, relating to how to use the models correctly to get the most out of them.


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
Aug 5, 2022
Received after
Aug 6, 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.


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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 Aug 2, 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.

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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

  • Howard Kunst

    Howard began his actuarial career at a Wisconsin based insurance company in 1984. After holding a full range of actuarial roles with increasing responsibilities across multiple companies, Howard joined CoreLogic as Chief Actuary in June 2012. As part of the Science and Analytics team, Howard provides a variety of analytic services to clients, as well as providing thought leadership and Industry insight within CoreLogic’s Product Development, Sales, Science and Analytic teams.
    Howard is a Fellow of the Casualty Actuarial Society, a member of the American Academy of Actuaries, a member of the International Society of Catastrophe Managers (ISCM) and a Certified Catastrophe Risk Management Professional (CCRMP). Howard is also a member of the Insurance Regulatory Examiners Society (IRES) and the Association of Insurance Compliance Professionals (AICP). He is an active member of multiple committees and working groups across the many organizations where he is a member.

  • David Keeton

    David Keeton is currently the CPO at Avondale / Avoca Risk Underwriting Services. As part of Avoca’s leadership team, he is responsible for providing guidance in steering Underwriting, Pricing, Risk Assessment and Portfolio Management within the company. David is also, responsible for creating a new initiative to support innovative and cost-effective wind mitigation technologies including AeroEdge, to the construction and insurance industries. With over 30 years of professional experience, Mr. Keeton’s expertise as a licensed structural engineer specializing in forensic building science has proven a good foundation for his underwriting, risk management, loss assessment and insurance pricing experience. He also serves as an executive board member of the International Society of Catastrophe Managers (ISCM) which promotes improved understanding of catastrophe and risk management issues.

    Prior to Avoca, David worked in wide variety of capacities at Salient Risk Advisors, Weather Predict (a Renaissance Reinsurance Affiliate) and Willis Re. He started his (re)insurance career at Underwriters Re which continued with Swiss Re as an Underwriter, Actuarial Associate, Property Pricing Manager and the Division Americas Catastrophe Risk Manager. Specializing in catastrophe loss assessment, capital allocation and catastrophe risk management, David’s expertise led to thought leadership roles across each of these companies.

    Mr. Keeton has performed numerous structural field surveys following catastrophes most notably including the Loma Prieta and Northridge earthquakes as well as Hurricane Irma. David has also leveraged his structural engineering expertise and experience in developing loss estimations following major catastrophes including the terrorist attack on New York (9/11), Hurricane Katrina and the Tōhoku, Japan earthquake.

    David obtained his Bachelor of Science degree in Architectural Engineering from California Polytechnic State University at San Luis Obispo. After obtaining his Civil and Structural licenses in California, David became the chief structural engineer of a consulting firm where his expertise in seismic / wind design led to further specialization as a forensic expert.

August 16, 2022
Tue 12:00 PM EDT

Duration 1H 30M

This live web event has ended.

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