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The Property-Casualty
Industry Today
and the Role of the Actuarial
Profession
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Agenda
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
The Property-Casualty Industry

The Actuarial Function

Application of the Actuarial Knowledge
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The Property-Casualty Industry Today
 Inflation
 Tort trends
 Newly emerging issues
 Accumulations
 The environment – economic, regulatory
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The Actuarial Function
 Gross Profitability Studies
 Net Reserve Studies
 Valuation of Reinsurance
 Benchmark Pricing – individual and portfolio
 Accumulation Modeling
 Valuation of Trends, Policy Form and Rate Changes
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Application of the Actuarial Knowledge
 Align with Business Units
 Detailed data gathering and analysis
 Claim department expertise and knowledge
 Legal trends
 Participation in and Exposure to External Experts
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Conclusion
Success in the property-casualty insurance industry is
dependent upon intimately knowing your business and using
all information available to arrive at informed business
decisions.
The problem solving and data analysis skills of the trained
actuary are integral to such success.
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