Description: The CAS has sponsored research which explores potential exposure bases for rating cyber liability. This short article gives some highlights from that research.

Description: To evaluate the risk associated with personal auto coverage, insurers have traditionally relied on information about the driver (such as age, gender and marital status), location (such as territory or ZIP code), the intended use of the vehicle (such as business or pleasure) and information about the vehicle when new (such as original cost). Insurers then added detail to driver information using sophisticated credit scoring and demographic models, and added detail to vehicle use information with telematics and usage-based insurance pricing. Now, insurers are adding detail about the vehicle itself using vehicle history. The presenters will discuss how carriers use vehicle history to more accurately price and underwrite risks. They will discuss obvious data elements, such as salvage title brands, verified average annual mileage and severe damage, as well as data that may not be as obvious but has proven predictive of loss in the past. Finally, using vehicle history as an entry point for UBI programs will be covered.

Description: A summary and analysis of REG-103163-18, the proposed regulations providing guidance for property-casualty loss reserve discounting (LRD) under IRC Section 846.

Description: 2021 ImpACT Conference -Session 9E: Insurance Asset Management in A Post-Pandemic World 10.28.21 Recording

Description: On June 17, 2019, the Internal Revenue Service published Final Regulations implementing changes to loss reserve discounting under section 846 of the Internal Revenue Code made by the Tax Cuts and Jobs Act. This note addresses changes made in the Final Regulations, particularly modification of rules for determining the interest rate used for discounting, in response to comments from taxpayers on the proposed regulations.

Description: NAIC Approves SOA GI Track for Qualified Actuary Education.

Description: This article focuses on the TCJA’s changes to the provisions for net operating losses (“NOLs”) and highlights some of the challenges surrounding the NOL provisions that insurance companies may face when making business decisions around reinsurance agreements.