An Introduction to P&C Risk-Based Capital

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Attendees gained an understanding of P&C risk-based capital (P&C RBC) and the Academy’s work on this issue as speakers discussed:

• Provide an introduction to P&C RBC;
• Discuss NAIC’s work on this topic; and
• Share updates on the latest work from the Academy’s P&C RBC Committee.

Attendees walked away with a solid understanding of P&C RBC, its importance, and ongoing work at the NAIC and at the Academy.

Bias in P/C Insurance: Updates from the Committee on Equity and Fairness

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During this webinar, P&C Committee on Equity and Fairness members shared updates on their current activities, including the regulatory outlook in Colorado and Washington, D.C., and provided a preview of the committee’s upcoming papers on fraud, governance, and marketing and underwriting.

P/C Public Policy Update—Summer 2023

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Hear updates from the Casualty Practice Council on the latest public policy developments and the Academy’s work in these areas. Topics to be covered include:

• A recap of what was discussed during the property and casualty-focused meetings at the NAIC National Meeting in Seattle;
• A soon-to-be released P/C Risk-Based Capital Committee report to the NAIC; and
• An update on the P/C Committee on Equity and Fairness' recent engagement with Colorado and Washington, D.C, regulators on bias and discrimination in automobile insurance.

Attendees will gain insights on relevant and upcoming P/C issues that may impact their work.

Connecting the Insurance Industry and Academia on Catastrophe and Climate Modeling: Webinar Series—Third Session

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The American Academy of Actuaries, in partnership with the National Oceanic and Atmospheric Administration (NOAA) and the National Science Foundation (NSF), hosted a series of webinars with members of the insurance and reinsurance industries, and with members of the catastrophe modeling and climate modeling communities. 

Connecting the Insurance Industry and Academia on Catastrophe and Climate Modeling: Webinar Series—Second Session

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The American Academy of Actuaries, in partnership with the National Oceanic and Atmospheric Administration (NOAA) and the National Science Foundation (NSF), is hosting a series of webinars with members of the insurance and reinsurance industries, and with members of the catastrophe modeling and climate modeling communities. 

Connecting the Insurance Industry and Academia on Catastrophe and Climate Modeling: Webinar Series—Introduction

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The American Academy of Actuaries, in partnership with the National Oceanic and Atmospheric Administration (NOAA) and the National Science Foundation (NSF), is hosting a series of webinars with members of the insurance and reinsurance industries, and with members of the catastrophe modeling and climate modeling communities. 

P/C Loss Reserve Opinions: Tools for the Appointed Actuary

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This webinar shared an overview of select topics covered during the seminar, including highlights from discussions around applicable Actuarial Standards of Practice, qualifications, and the latest regulations and standards. 

2022 Update to the P/C Risk Transfer Practice Note

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The Committee on Property and Liability Financial Reporting (COPLFR) is releasing an updated Risk Transfer Practice Note (first published in 2007). During this webinar, Academy members provided an overview of the changes made. 

Insurance-Linked Securities and Catastrophe Bonds

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This webinar focused on the P/C Extreme Events and Property Lines Committee’s recent public policy issue paper, Insurance-Linked Securities and Catastrophe Bonds.

Wildfire Lessons Learned and State of Wildfire Risk Modeling

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Recent wildfire seasons, especially in western states, have been some of the most costly and destructive on record. Speakers provided an overview of wildfire peril, the importance of mitigation methods, and the impacts of climate change. They discussed the current effects of recent wildfire seasons on the insurance industry and policyholders and provide a review of recent regulatory actions and potential public policy responses.