Description: All meeting attendees are invited and encouraged to attend this session — come celebrate the achievements of new CAS members!

Presenter(s): David Cummings, FCAS; Barry Franklin, CERA, FCAS; Kathleen Odomirok, FCAS; Victor Carter-Bey, DM, MBA

Description: The CAS credential has long been associated with technical excellence and leadership in property and casualty risk. Yet the true strength of CAS lies in how its members apply that expertise to influence decisions, lead organizations, and shape the future of the profession.

In this Town Hall conversation, CAS leaders will reflect on the defining moments, risks, lessons, and mentors that shaped their careers, from their earliest exams to positions of influence across the industry. Through candid discussion, they will share insights on how the actuarial journey is evolving and what it takes to succeed in a profession increasingly shaped by emerging risks, advancing technology, and expanding global opportunity.

Panelists will also reflect on how CAS supports members throughout their careers, from strengthening the candidate experience to fostering leadership development, and how the CAS credential enhances the professional credibility and influence of its members across the marketplace.

Wherever you are in your career, this session offers practical insight into how to grow, lead, and expand your impact as the profession continues to evolve.

Presenter(s): Ravi Sharma, FCAS; Mike Massimino

Description: AI and new technology is all around us. It can be intimidating. But it can also provide opportunities for growth and improve our decision making. The Space Shuttle was a manually controlled spacecraft. Very little computing power was available and astronauts and flight controllers were responsible for operations and decision making during high stakes situations. In today’s spaceships, AI performs many of the decision making tasks previously done by astronauts. But the path getting there was not easy as astronauts were accustomed to being in total control of their spacecraft. The road to acceptance was through demonstrated benefits such as increased safety, improved performance, and reduced training time. Mike encourages audiences to embrace new technologies and AI to give them the competitive edge they need in meeting the challenges of a dynamic and uncertain world.

Presenter(s): Andrew Li, FCAS; Tom Roth, FCAS; Phillip Kall, FCAS

Description: After U.S. President Donald Trump announced sweeping tariffs on Liberation Day (April 2, 2025), predictions ranged from economic collapse to unprecedented prosperity for the U.S..

In an effort to substitute facts for appearances, Aon released a study estimating the potential impact on loss costs, which is periodically updated.

The authors will go over their latest Study, and how their approach can be used as a framework for other changing events in our Industry.

Presenter(s): Rich Moncher, FCAS, MAAA; Robert J. Walling, III, FCAS; Jeremy Shoemaker, FCAS MAAA CERA; Aaron Koch, FCAS

Description: The boundaries of traditional insurance are expanding. From captives and risk retention groups to insurance-linked securities and parametric products, alternative risk mechanisms are reshaping the P&C market and how businesses think about risk, protection, capital, and opportunity. In this session, industry experts will explore the latest trends driving growth and forcing innovation in the alternative risk market—and what they mean for actuaries, insurers, and policyholders alike. Discover how these emerging structures are influencing pricing, reserving, modeling, and capital allocation/strategies, and gain fresh perspectives on the future of risk transfer to stay ahead in a rapidly evolving environment.

Presenter(s): Susan Kent, FCAS, MAAA, MS; Meagan Mirkovich, FCAS; Geoffrey Werner, BS, FCAS, MAAA; Jared Smollik; Margo P. Mackenzie, FCAS

Description: Auto insurance affordability has become an increasing concern as claim costs have risen faster than household incomes. This session reviews the key drivers of personal auto insurance costs, including inflation in parts and medical expenses, vehicle technology, miles driven, legal and fraud dynamics, electric vehicles, and emerging factors such as tariffs. Speakers will also discuss forces that may help reduce losses over time, including ADAS, safety technology, telematics, and policy interventions, providing an actuarial perspective on recent trends and potential paths forward.

Presenter(s): Isaac Espinoza, FCAS, FSA, MAAA; Brian Z. Brown, FCAS, MAAA; H Elizabeth Mitchell, FCAS, MAAA

Description: C-suite executives have a range of skills outside of their technical skills. Some of the most important skills are leadership, communication, as well as motivating and managing staff. These skills are typically not learned through textbooks but are acquired through practice. This session will highlight approaches that actuaries can use to develop these skills. Our panelist will also share perspectives and experience on how effective Actuarial Leaders are empowering their teams to think differently, modernize their capabilities and leverage analytics to advance the business strategy. This session will focus on some of the hurdles that different groups may face in the current workplace (e.g. women, younger versus older generations, different cultures etc.) and discuss approaches for overcoming the hurdles.

Presenter(s): Mason Spitz, FCAS, MAAA; Michael Henk, FCAS, MAAA; Kayla M. Robertson, FCAS MAAA

Description: Reserving surprises often hide below the surface. This session shows how systematic search techniques can help actuaries prioritize reviews, validate intuition, and uncover hidden risks. Learn how these tools fit into existing workflows, support professional standards, and sharpen focus - all without replacing the central role of actuarial judgment.

Presenter(s): Jeremy Shoemaker, FCAS MAAA CERA; Esther Becker, ACAS, MAAA; Kenneth Hsu, FCAS, CSPA, MAAA, CPCU

Description: Your CE Log is one of the most critical, yet often overlooked, responsibilities of a practicing actuary. With about 1% of members selected for review each year, this session demystifies the CE review process in a clear, practical way. We will walk through USQS requirements, common pitfalls, and simple steps to keep your CE log review-ready at all times. Bring your questions and be ready to test your knowledge in this interactive, engaging session.

Presenter(s): Ronald T. Kozlowski, FCAS, MAAA; Roosevelt Mosley, FCAS, MAAA, CSPA; Mallika Bender, FCAS, MAAA; Tyson Mohr; Mike McKenney

Description: Actuarial pricing approaches aim to produce rates that are fair and objective. But how should our methods adapt, if at all, when concerns about systemic and algorithmic bias introduce conflicting definitions of "fairness"? Over the past five years, this question has become a central topic in regulatory, consumer, and actuarial conversations. This panel will trace the evolution of the fairness debate—from longstanding rating concerns to recent state‑level activity, consumer‑advocacy engagement, and industry response. Panelists will examine how different stakeholders have approached concerns around algorithmic bias, new data sources, and predictive models.

Presenter(s): Nate Loughin, ACAS; Freddie Galloway, FCAS, MAAA

Description: Maybe you're considering taking on a new role in pricing or underwriting. Maybe you're facing a leadership mandate to deploy more predictive analytics. Maybe you just feel like the last person on earth who has never built a gradient boost model. In this "how to", hands-on session we will start with a basic set of data files and build a predictive model together. You'll leave with greater confidence and a worked example you can return to over time. All that's required is your laptop, your presence, and an installation of R and RStudio (free products).

Presenter(s): Kristan H. McGraw, ACAS, MAAA; Paul Kutter, PhD, FCAS, MAAA, CSPA; Alec J. Fisher, PhD, CSPA

Description: This session shows how we use a large language model (LLM) to extract information from claims notes in raw text form and compares the performance of different models on real data.. The session also locates this application within the larger framework of actuarial standards and risk-based enterprise AI governance. The first segment establishes the framework; a live poll asks participants to apply the framework to different applications. The second segment gives more technical details of the application including data exploration, prompt engineering, implementing retrieval-augmented generation (RAG), and model performance evaluation. Attendees will also take part in a brief “Human vs. LLM” reasoning exercise, comparing their interpretation of a claims note to the model’s response, reinforced by a handout summarizing governance and evaluation frameworks.

Presenter(s): Seong-min Eom, MAAA, FSA, PRM; Nathan Luketin, FCAS, MAAA; Dorothy Andrews, PhD, MAAA, ASA, CSPA

Description: As extreme weather intensifies, actuaries face a complex challenge: distinguishing natural variability from the quantifiable impacts of human-driven climate change. This distinction is now foundational for resilient modeling and financial stability. This session explores climate attribution science—quantifying the human influence on weather extremes—and how it reshapes risk assessment. By identifying the climate change “fingerprint” in events like hurricanes and wildfires, this science provides a forward-looking framework that complements traditional historical data.

The session will highlight how the actuarial profession can bridge climate science and financial modeling, helping companies and policymakers better anticipate and adapt to the realities of a warming world.

Presenter(s): YiFan Zhou; Mark Ma, CPCU

Description: Building robust insurance business models requires more than advanced algorithms—it demands vigilance against hidden data pitfalls. This presentation explores common traps such as temporal infidelity, Simpson’s paradox, confounding and omitted variable bias, sample bias, and more. Drawing on real-world examples from various insurance lines, we’ll reveal how these issues often arise in automated machine learning workflows and why overlooking them can mislead decision-making and harm company performance. Attendees will gain practical insights to identify, mitigate, and prevent these biases, ensuring models deliver accurate, trustworthy results.

Presenter(s): Christopher Cooksey, FCAS, MAAA, CSPA; Clara Yam, FCAS

Description: The typical pace for insurers in the personal and small commercial lines is to file 1-2 rate changes per year per state. There are plenty of practical reasons for this. Resource constraints within companies can make this the upper limit of what can be supported. Many departments of insurance can barely keep up with the existing number of filings anyway. But what are we giving up by accepting these limitations? Where would we see the impact of increased ratemaking agility? Is the important thing how often we file rate changes, or the recency of the analyses we are filing?

In this session, we simulate the impact of filing frequency under different economic scenarios - stable loss trends and sudden spikes. We show the resulting inaccuracies in pricing due to timing alone, and discuss how these stem from the time lag between modeled data and target predicted date. We will consider the impact of regulatory review as one component of this time lag, and model the cost of longer versus shorter review processes. We will also consider the impact of market changes due to competitor actions, and see if slow response times can lead to adverse selection.

Presenter(s): Jennifer J. Jabben, FCAS, MAAA; Roosevelt Mosley, FCAS, MAAA, CSPA; Farah Ismail; Kathleen Odomirok; Dan Gibson, FCAS, MAAA

Description: As the insurance and risk landscape continues to evolve rapidly, consulting actuaries are playing an increasingly strategic role in guiding clients through complex challenges and opportunities. This dynamic panel brings together senior leaders from leading consulting firms to share their perspectives on the shifting priorities within the industry and how consulting practices are adapting to meet the changing needs of their clients.

Join us for an engaging discussion on emerging trends, innovative approaches, and the expanding scope of consulting actuarial work. Panelists will explore how firms are redefining their value proposition, leveraging new technologies, and fostering deeper client partnerships to drive impactful solutions in today’s fast-paced environment.

Attendees will gain valuable insights into the future direction of consulting actuarial services and practical strategies for staying ahead in a competitive and transformative market.