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Improving Agency Analytics

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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 analytics are becoming common across insurers’ various functions, simple heuristics like loss ratios are still common for agency and distribution channel analytics at many P&C companies. In this session we will discuss similarities and differences between modeling agencies vs. policy level pricing analytics, challenges to consider, potential terms to include in models, and considerations when discussing with business areas. Key messages include: Analytics for agency lags analytics in pricing at most companies; There are key considerations beyond building the perfect model to successfully deploy agency models; The target variable is often difficult for business users, even senior leaders to express.

Learning Objectives:

  1. Describe challenges with modeling agencies and distribution channels.
  2. Explain why asking the right question with agency analytics can be more important than the model structure.
  3. Evaluate ways to achieve business support for implementing advanced agency analytics.
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
October 3, 2023
Received after
October 4, 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 Mallory Peebles directly at
mpeebles@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 through email, refund@casact.org, by October 10, 2023 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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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

  • Justin Milam

    Justin Milam is an Associate Director at WTW with over 19 years of pricing and predictive modeling experience in property and casualty insurance. Justin has extensive experience implementing pricing and underwriting models to assist carriers in balancing growth and profitability goals. Justin graduated from Missouri State University with a Bachelor of Science in Mathematics and a Bachelor of Science in Economics. He is a Fellow of the Casualty Actuarial Society and a member of the American Academy of Actuaries.

  • Laura Doddington

    Laura Doddington is North American Head of Personal Lines for Insurance Consulting and Technology at WTW. Laura advises insurance clients on improving their underwriting, pricing, product development, carrier operations, distribution, and sales capabilities. She has a wealth of expertise acquired over nearly 20 years in the insurance industry across North America and the UK.

October 17, 2023
Tue 12:00 PM EDT

Duration 1H 30M

This live web event has ended.

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