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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.

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. Key messages include: Machine learning tools present an opportunity to create meaningful claim-level reserve estimates; Snapshot date triangles offer an innovative way of looking at data from a perspective of “what comes next”; and data science methodologies combined with actuarial science can provide deep and highly informative predictions.

Learning Objectives: 

1. Organize and view data using a new style of triangle - the snapshot date triangle.
2. Conceptualize a claims level reserving model built on actuarial principles using machine learning.

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 April 4, 2023	Received after April 5, 2023
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 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.

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 through email, refund@casact.org, by April 11, 2023 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.