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May 23, 2006

ERM, Natural Catastrophes Among Topics to be Discussed at CAS Spring Meeting, May 7-10 in Puerto Rico

ARLINGTON, VA - Enterprise Risk Management, natural catastrophes, and predictive modeling will be featured topics during the Spring Meeting of the Casualty Actuarial Society (CAS), May 7-10, 2006 at the El Conquistador Resort in Fajardo, Puerto Rico.

The meeting provides a forum for actuaries and other professionals to stay abreast of current issues affecting the insurance industry and the actuarial profession, as well as opportunities to interact with other actuaries from around the globe.

Four general sessions are planned:

* 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.
* 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.
* 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.
* 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, D&O liability, medical malpractice, pharmaceutical products liability, precision rating, reinsurance, and workers compensation.

The featured speaker is Michael Broome, who will address attendees on "Killing Stress Before It Kills You: Everything's Coming Up Neurosis."

Members of the press are welcome to attend the meeting and are asked to register with Mike Boa, CAS director of communications and research, at 703-276-3100 in advance of the meeting.

The 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. The primary goal of the Casualty Actuarial Society is to provide education and research to help its over 4,000 members be the leading experts in the evaluation of hazard risk and the integration of hazard risk with strategic, financial and operational risk.

Posted by Tom Troceen