Enterprise risk management, natural catastrophes and predictive modeling will be featured topics during the May 7-10 Spring Meeting of the Casualty Actuarial Society, the group said.
CAS said the meeting this year at the El Conquistador Resort in Fajardo, Puerto Rico has four general sessions planned:
o "Enterprise Risk Management Roundtable" will feature a panel of ERM experts who will share their experiences, explain how their responsibilities have changed over time, and describe how they see ERM evolving. They will also discuss some of the challenges they have faced implementing ERM and their "secrets of success," as well as give their views on possible areas for additional research.
o "Natural Catastrophes--Have The Rules Changed?" will explore marketplace reactions to catastrophe risk, insurer attitudes about how to "subsidize" it, progress of current coping mechanisms, and their impact on insurer and reinsurer capacity.
o "Predictive Modeling--Panacea or Placebo?" will focus not on the fundamental and theoretical concepts of predictive modeling, but on the practical considerations around implementation, maintenance and monitoring of the indicated results.
o "International Reserving Practices" will discuss reserving practices and regulatory requirements in various countries, the role of the actuary in the reserving process, as well as the accuracy of reserves in various countries.
The meeting will feature two special tracks of concurrent sessions on the topics of enterprise risk management and stochastic reserving. Other topics to be covered include: actuarial ideas on risk transfer, actuarial malpractice, data issues, current insurance issues in Puerto Rico, directors and officers liability, medical malpractice, pharmaceutical products liability, precision rating, reinsurance, and workers' compensation.
The featured speaker is Michael Broome, who will talk on "Killing Stress Before It Kills You: Everything's Coming Up Neurosis."
The registration fee is $775 for active members, candidates, affiliates or subscribers of the CAS or of an actuarial organization worldwide, if received by April 21. After that date, the fee will increase to $825. More information is available online at www.casact.org.
The 4,000-member Arlington, Va.-based Casualty Actuarial Society is an organization dedicated to the advancement of the body of knowledge of actuarial science applied to property, casualty and similar risk exposures.
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