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Evaluation

Economic Outlook

Level 1: No prior knowledge of the subject (0-3 Years)

C:PC:L2

C:MM:L2

C:FI:L1

C:FE:L3

C:RM:L3

C:AS:L1

S:CT:L3

S:DA:L3

S:BT:L2

S:PR:L1

S:BA:L3

S:LT:L3

T:AN:L3

T:IC:L3

T:CO:L2

T:CR:L3

T:IA:L2

T:PR:L2

CS-31 - The New Social Inflation — Litigation Finance and the Impact on Casualty Insurance

Monday, November 6, 2023
1:15 PM – 2:15 PM PST
Location: California Ballroom (2nd Floor)
Livestreamed
Third-party litigation funding in the United States is rapidly growing with current estimates approaching $16 billion a year. More than ever, actuaries must understand the dynamic nature of social inflation. This session will address how actuaries may better engage the changing macro environment for casualty insurance lines of business.

Learning Objectives:

  • Learn the historical rise of third-party litigation funding and understand why investors find this alternative asset class attractive. Know what future growth is anticipated over the next several years.
  • Understand how the macro environment for mass torts has changed due to increased litigation funding fueling a well-organized, well-informed, and well-funded plaintiffs' bar.
  • Learn how casualty actuaries can respond to the increase in mass torts through casualty catastrophe modeling and act on emerging risk insights before litigation begins.
  • Learn the historical rise of third-party litigation funding and understand why investors find this alternative asset class attractive. Know what future growth is anticipated over the next several years.