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Evaluation

Actuarial Toolkit

Level 2: General knowledge of the subject (4-9 years)

C:PC:L2

C:MM:L1

C:FI:L1

C:FE:L2

C:RM:L1

C:AS:L1

S:DA:L1

S:PR:L2

S:LT:L1

T:PR:L1

CS-17 - Failure Modes of Common Actuarial Processes and Techniques

Monday, November 6, 2023
1:15 PM – 2:15 PM PST
Location: Santa Barbara Ballroom (1st Floor)
This session will discuss failure modes of commonly-used actuarial techniques, work through high-level examples, explore drivers of the gaps, and propose mitigating actions. This will be an adaptation of "Special Considerations and Innovation in Loss Ratio Estimation,” presented at CAS RPM 2023.

Learning Objectives:

  • Evaluate the effectiveness of standard actuarial techniques.
  • Critique standard actuarial techniques.
  • Predict loss ratios in light of special considerations.
  • Evaluate the effectiveness of standard actuarial techniques.