Casualty

The Academy’s Casualty Practice Council (CPC) offers invaluable technical guidance to policymakers and regulators, ensuring clarity and informed decision-making around property and casualty concerns.

The CPC helps shape the future of public policy and create a safer and more resilient future for all.

Casualty
Cyber Risk Toolkit

Cyber Risk Toolkit

A series of papers addressing issues pertinent to cyber risk insurance and cyber exposure.
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Extreme Events

Extreme Events

Floods, earthquakes, other natural catastrophes; terrorist events; and mass torts.
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Financial Reporting and Loss Reserving

Financial Reporting and Loss Reserving

Financial reporting and loss reserving issues in property/casualty actuarial practice.
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Medical Professional Liability

Medical Professional Liability

Medical professional liability insurance issues.
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Risk Classification

Risk Classification

Use of risk-based insurance scoring in auto and other insurance lines.
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Risk-Based Capital

Risk-Based Capital

Risk-based capital issues in property and casualty actuarial practice, including its treatment by the National Association of Insurance Commissioners.
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Solvency and Soundness

Solvency and Soundness

Soundness and solvency issues facing property and casualty insurance companies.
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Workers' Compensation

Workers’ Compensation

Workers’ compensation issues as they relate to property and casualty actuarial practice.
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More Casualty

Casualty News

ERM Committee News

ASB Approves Exposure Draft Of Proposed Capital Adequacy Assessment ASOP

The ASB recently approved an exposure draft of a proposed new ASOP titled Capital Adequacy Assessment for Insurers. The proposed ASOP will apply to actuaries involved in capital adequacy assessment…
Topics: ASB News
Date Published: 09/26/2016
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Casualty Resources

Toolkit

Cyber Risk Toolkit: An Overview of the Global Cyber (Re)Insurance Market

The global cyber insurance market is rapidly evolving and varies by geography. A new paper, “An Overview of the Global Cyber (Re)Insurance Market,” added to the Cyber Risk Toolkit provides a…
Topics: Cyber Risk
Date Published: 08/07/2025
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Comment / Letter

CPC Comments on ASOP No. 20 

The Casualty Practice Council (CPC) submitted comments on the exposure draft of Actuarial Standard of Practice (ASOP) No. 20, Analysis of Property/Casualty Cash Flows, Including Discounting. 
Topics: Casualty
Date Published: 07/31/2025
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Comment / Letter

Practice Councils Comment to NAIC on RBC Principles

The Casualty Practice Council, Health Practice Council, Life Practice Council, and Risk Management and Financial Reporting Practice Council submitted a joint comment letter to NAIC’s Risk-Based…
Date Published: 07/24/2025
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Comment / Letter

Academy Comments to NAIC on Proposed AI in Insurance Model Law

Academy casualty, health, life, and risk management and financial reporting vice presidents sent a comment letter to the NAIC in response a request for information by NAIC’s Big Data and…
Date Published: 07/01/2025
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Comment / Letter

Councils Comment to NOAA on Climate Database

The Casualty Practice Council, Risk Management and Financial Reporting Council, and Research Committee sent a comment letter to the National Oceanic and Atmospheric Administration (NOAA), strongly…
Date Published: 06/06/2025
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Comment / Letter

CPC Comments on ASOP No. 39

The Casualty Practice Council (CPC) submitted comments on the exposure draft of Actuarial Standard of Practice (ASOP) No. 39, Treatment of Catastrophe or Extreme Event Losses in Future Cost…
Topics: Casualty
Date Published: 05/30/2025
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Presentation

Academy Presents on Climate at IAA Brazil Colloquium

Director of Research (Public Policy) Steve Jackson presented at JoCo 2025, the International Actuarial Association’s (IAA) Joint Colloquium in São Paulo, Brazil. Jackson presented “Are They…
Topics: Climate Risk
Date Published: 05/21/2025
Toolkit

Cyber Risk Toolkit: SEC Cybersecurity Disclosure Requirements and Related Directors & Officers Liability Risks

“SEC Cybersecurity Disclosure Requirements and Related Directors & Officers Liability Risks,” the latest release in the Cyber Risk Toolkit, details how the United States Securities and…
Date Published: 05/08/2025
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Presentation

Academy Presents on Cyber Risk at CAS Spring Meeting 

Committee on Cyber Risk members presented at the Casualty Actuarial Society (CAS) Spring Meeting in Toronto on “Cyber: Global Market Update and D&O Risk.” 
Topics: Casualty
Date Published: 05/05/2025
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ASOP

Proposed Revision of ASOP No. 20 – Analysis of Property/Casualty Cash Flows, Including Discounting

[glossary_exclude] TRANSMITTAL MEMORANDUM March 2025 TO: Members of Actuarial Organizations Governed by the Standards of the Actuarial Standards Board and Other Persons Interested in Analysis of…
Date Published: 04/28/2025
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