Members of the Data Science and Analytics Committee presented at the NAIC CASTF (Casualty Actuarial Statistical Task Force) "Book Club". The presentation explored key types of data bias that actuaries may encounter and focuses on the kinds of biases found in modeling data and the implications for algorithmic outcomes. The same group previously published an issue brief, An Actuarial View of Data Bias: Definitions, Impacts and Considerations.
( )The Climate Change Joint Committee (CCJC) presentation on How Climate Risk Applies to All Actuaries.
( )Director of Research Steve Jackson presented on cyber risk at an International Workshop on Cyber Risk and Security during the Center of Research in Econo-finance and Actuarial sciences on Risk (CREAR) Cyber Conference in Paris, France. This is a continuation of the Academy’s ongoing Cyber Risk initiative, overseen by the Risk Management and Financial Reporting Council and the Casualty Practice Council.
( )The Academy’s Data Science and Analytics Committee (DSAC) presented to the National Association of Insurance Commissioners’ (NAIC) Casualty Actuarial and Statistical (C) Task Force (CASTF) Book Club on their recent major issue paper, Big Data and Algorithms in Actuarial Modeling and Consumer Impacts.
( )ERM/ORSA Climate Related Financial Disclosures (CRFD) Work Group update to the NAIC Climate Risk and Resiliency (EX) Task Force on the Climate Risk Disclosures Survey Analysis project.
( )ERM/ORSA Climate Related Financial Disclosures Work Group presentation to the National Association of Insurance Commissioners (NAIC) Climate and Resiliency (EX) Task Force.
( )Presentation by Steve Jackson on Scalars Project Update to the National Association of Insurance Commissioners (NAIC) International Insurance Relations (G) Committee.
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Presentation to the NAIC Casualty Actuarial and Statistical Task Force (CASTF) Predictive Analytics Book Club on the Big Data and the Role of the Actuary monograph.
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ERM/ORSA Committee presentation at the ERM Symposium in New Orleans on the committee’s 2016 practice note, Quantifying Risk Exposures for Own Risk and Solvency Assessment Reports. (
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ERM/ORSA Committee presentation to the National Association of Insurance Commissioners' (NAIC) ORSA Implementation (E) Subgroup on the committee's recently released policy paper and practice note. (
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ERM/ORSA Committee presentation to the Financial Stability Oversight Council on the role actuaries play in promoting financial stability. (
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Solvency Committee presentation to the National Association of Insurance Commissioners (NAIC) on the practical implications of using a 99.5 percent Value at Risk (VaR) over a one-year time horizon for valuation purposes. (
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Risk Management and Financial Reporting Council and Solvency Committee presentation to the International Association of Insurance Supervisors (IAIS) on modeling for insurance capital standards (ICS).
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Presentation Slides from the January 2, 2014 Webinar: IFRS Update: Where in the World Are We Going with Insurance Contracts? (
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Slides discussing the latest activities of the FASB and IASB regarding their work on the Insurance Contracts Project. (
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Senior Life Fellow Nancy Bennett’s presentation to the National Conference of Insurance Legislators (NCOIL) on modernizing insurance regulation. (
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Post NAIC update/PBA webinar concentrating on the principle-based reserving efforts of the NAIC’s Life Actuarial Task Force at the NAIC spring meeting in New Orleans. Presenters also reviewed other NAIC initiatives, including ORSA, Contingent Deferred Annuities, and Actuarial Guideline 38. (
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Risk Classification Work Group webinar presentation based on the Academy’s Risk Classification Work Group's monograph, On Risk Classification, published in November 2011, which updates the 1980 Risk Classification Statement of Principles. (
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Senior Life Fellow presentation regarding insurance modernization in the U.S. to the National Conference of Insurance Legislators (NCOIL). (
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