An effective trend management process can be thought of as a three-legged stool supported by the
following functions:
• Understanding historical drivers of trend;
• Mitigating future trends; and
• Forecasting future trends.
This session focuses on the second leg, identifying trend outliers and developing and implementing action
plans to mitigate trends. Traditionally, actuaries have been expected to report and to forecast trend.
However, we often have access to good data and the investigative ability to determine the root cause of
outliers and work with other areas of the organization to "bend trend."
Panelists will discuss various methods used to identify and investigate opportunities for trend mitigation
and will present success stories.
You'll gain an understanding of the important role actuaries can play in the identification, development
and implementation of trend mitigation action planning.