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Catastrophe Risk Management Best Practices
Program Code:
C-06
Date:
Wednesday, May 6, 2009
Time:
8:00 AM to 9:30 AM
EST
MODERATOR
:
David Lalonde, Senior Vice President, AIR Worldwide Corporation
PANELIST
:
Lawrence J. Steinert, Senior Property & Casualty Actuary, Louisiana Department of Insurance
Description
Catastrophe models have evolved as a valuable tool for managing catastrophe risk over the last two decades. While the science of the models has received considerable review, there is an increasing focus from regulators, rating agencies, and boards on how the models are employed within organizations. This session will help actuaries gain knowledge of the benefits of applying best practices to model related decisions like analyzing complex reinsurance structures and grow/retract decision scenarios. Learn how integrated and iterative model usage in all areas of your company can improve profitability and reduce threats to your surplus. Explore how sensitivity analyses can enhance underwriting decisions and influence cost benefit analysis.