Casualty Actuarial Society News
CAS Releases Additional Reports on Race and Insurance Pricing
The Casualty Actuarial Society has released two new research reports designed to guide the insurance industry toward proactive, quantitative solutions to identify, measure and address potential ...
CAS Releases Reports on Race and Insurance Pricing
The Casualty Actuarial Society (CAS) has started to release multiple reports on racial bias in insurance pricing. "The CAS is proud to move forward with not just a commitment to diversity, equity and ...
Actuaries: Social Inflation Increased Commercial Auto Claim Costs by $20B Over 10 Years
The insurance industry is ringing alarm bells about the cost of social inflation again, this time with the help of an actuarial analysis that concludes the phenomenon added more than $20 billion to ...
Cyber Underwriting Changes: Is It Too Little, Too Late?
With primary rate changes approaching 50 percent and underwriting questions about network controls becoming more and more detailed, cyber insurers and reinsurers are reacting to an onslaught of ...
Systemic Risk Analysis: Are Cyber Insurers Whistling Past the Graveyard?
While ransomware was the hot topic at 2021 midyear insurance industry conferences, discussions of the broader topic of systemic risk—spurred on by recent hacks of SolarWinds and Microsoft ...
Reinstated: Actuarial Ratemaking Principles Are Back!
Less than a month ago, the prospect that long-held principles of actuarial ratemaking would survive an action by the Casualty Actuarial Society board of directors to rescind them late last year ...
Retiring Triple-I Actuary Lynch Reflects On Profession’s Changes, Future
"He's a writer AND an actuary." The short description heading his LinkedIn profile remains true, but James Lynch will be stepping down from actively writing or providing actuarial services on behalf ...
Status of Certain Casualty Actuarial Ratemaking, Reserve Principles in Flux
A task force of the National Association of Insurance Commissioners is asking the board of directors of the Casualty Actuarial Society to reverse a decision to rescind a "statement of principles" of ...