A need by actuaries to broaden the scope and detail of their reviews and opinions will be part of the focus of an upcoming seminar this month in Atlanta sponsored by an actuaries group.
The 2006 Casualty Loss Reserve Seminar sponsored by the Casualty Actuarial Society (CAS) and American Academy of Actuaries will take place Sept. 11-12 in Atlanta's Renaissance Waverly Hotel.
Planners of the session said the seminar is intended to provide perspectives from actuaries, as well as senior executives and regulators who rely on, review and react to actuarial communications regarding the financial health of insurance companies.
A general session, titled "Are We Meeting the Challenge?" will review the changes for financial reporting engendered by the combined effects of the requirements of the Sarbanes-Oxley Act setting federal accounting disclosure requirements.
CAS said the session would also take up new disclosures on reserve ranges and the risk of material adverse deviation and examine the greater public reliance on and scrutiny of actuarial work products.
CAS said the forum on issues in loss reserving is recommended for risk and insurance managers, actuaries, actuarial students, accountants, underwriters, insurance regulators and others who desire an understanding of recent developments.
In addition, more than 40 concurrent sessions will be offered covering:
o Basic reserving topics.
o Liquidity risk assessment.
o Catastrophes and mass torts.
o Implications of technology in claims operations.
o Understanding collateral requirements.
o Material adverse deviation.
o Professionalism.
o Construction defects.
o Reinsurance reserving.
o Dynamic risk modeling.
o Asbestos and lead paint.
o Enterprise risk management.
Seminar details and online registration is available at http://www.casact.org/education/clrs/2006/. On-site registration will also be available.
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