Live Streaming Event Session Descriptions
8:30 a.m. – 9:30 a.m.
Featured Speaker: Gen. (Ret) Chuck Jacoby
The Casualty Actuarial Society, the Society of Actuaries and the Canadian Institute of Actuaries have selected General (Ret.) Charles H. “Chuck” Jacoby, Jr., Former Commander, United States Northern Command; Former Commander, North American Aerospace Defense Command; and Executive Vice Chairman, Tilman & Co., as the Featured Speaker of the 2020 Enterprise Risk Management Symposium, March 9-10, 2020, Tampa, Florida.
General Jacoby will address his experience as a military commander in being agile to adapt to a vastly changing world of disruption. He has recently co-authored Agility: How to Navigate the Unknown and Seize Opportunity in a World of Disruption with his business partner, Leo Tilman, that focuses on the critical organizational and team capability of agility, needed to succeed in the competitive global environment.
General Jacoby brings over 36 years of experience leading military, government and international organizations. Prior to retiring, he served as the first Army officer to command North American Aerospace Defense Command (NORAD) and the United States Northern Command, where he led the 1,800-person bi-¬national and joint headquarters, integrating 35 federal, state, and non-governmental organizations for the defense and security of North America.
General Jacoby has commanded at all levels in Joint and Army assignments, from company to geographic combatant command including; combat operations in Grenada with the 82nd Airborne Division, Operation Enduring Freedom, Afghanistan and Operation Iraqi Freedom, Iraq. He also served as instructor and assistant professor in the Department of History at the United States Military Academy at West Point. As the deputy commander of Combined/Joint Task Force-76 from 2004 to 2005, he was responsible for the 18,000 troops conducting combat operations in Afghanistan. As the commander of Multi-National Corps-Iraq from 2009 to 2010, he led the 135,000 troops conducting combat operations across Iraq. General Jacoby served as the director for Strategic Plans and Policy for the Joint Staff, where he led planning for coalition and NATO operations in Libya, and he later assisted in the Middle East peace process.
His military decorations include awards from the governments of Canada, Mexico, Honduras, and Colombia. An avid writer, he has penned monographs on aspects of military effectiveness and modern warfare, as well as articles on agility and risk.
General Jacoby holds a B.S. from the United States Military Academy, West Point, NY an M.A. in History from the University of Michigan, an M.S. in Military Arts and Science from the School of Advanced Military Studies at Fort Leavenworth, Kansas and an M.A. in Strategic Studies from the National War College at Fort McNair, Washington, DC.
9:30 a.m. – 10:20 a.m.
Risks and Ethical Issues with Predictive Analytics and Artificial Intelligence
This session will cover the major concepts of the SOA report “Ethical Use of Artificial Intelligence for Actuaries,” through two examples, one from Life and one from P&C. Some primary sources of PA and AI risks include the following:
- Data risks, resulting from imperfect or misunderstood data
- Bias risks, resulting from both deliberate and unintentional bias that can manifest itself at many points in the PA or AI development process
- Automation risks, where the automation of a process can have unintended consequences
- Amateurish development, where the systems are not developed by AI professionals and unintended consequences result.
Central to the discussion is the concept of the Social Context and how it can guide when ethical questions arise. This session will also cover the actuarial precepts involved. Yes, you can get professionalism credit at this relevant and entertaining session.
Allen Klein, Milliman, Inc.
10:35 a.m. – 11:50 a.m.
New ASOP’s 55 & 56 – What they mean to the ERM Actuary
ASOP 55, Capital Adequacy Assessment, became effective late in 2019, in addition ASOP – 56 Modeling will become effective in 2020. This session will cover these new ASOPs and let you know how it impacts your ERM practice. The interactive session will include background, case studies, and games to test and apply your knowledge of these important new ASOPs.
Michael Speedling, AXIS Capital
Robert Wolf, StoneTrust Commercial Insurance Company
1:00 p.m. – 1:50 p.m.
Cyber Security, Data Breaches, and Third Parties – What Can You Do?
Insurance carriers regularly enroll consumers through third party technology platforms, exchange data with benefit administration systems, and work with third party administrators. In a rapidly changing world with sophisticated cyber security risks, what is the real risk to carriers that process consumer information (including protected data)? This session will explore the current cyber security laws as they related to consumer data, assess the risk in the insurance market from a carrier perspective, and discuss ways these risks can be mitigated.
Michael Prendes, Sydney Consulting Group
Jerry Murtland, Optiv
2:05 p.m. – 2:55 p.m.
Data vs. The Actuary: Stories from the Front
With the proliferation of complex data sources and increasingly sophisticated technology available to insurance companies, the traditional domains of the actuary have become battlegrounds between algorithmic data-driven insights and traditional wisdom and subject matter expertise. In this session, we will explore advantages and common pitfalls of both approaches, and techniques to help insurance companies use the best of both to intelligently use data, robust models, and visualization to better quantify, communicate, and manage risks.
Timothy Paris, Ruark Consulting LLC<
Rosmery Cruz, RGA Reinsurance
3:10 p.m. – 4:25 p.m.
General Session: CRO & Risk Practitioner Panel – Risk(s) and Agility: A Discussion of Best Practices
Analyzing risk independently is easy, but insufficient and incorrect. Managing one risk often leads to blindly assuming additional risks. In this session, CRO’s and Risk practitioners will discuss best practices to maintain Agility throughout the process by accounting and planning for multiple risk interactions. They will suggest best practices to move from scenario analyses to an overall view of the risk profile of the organization. They will discuss the importance of augmenting the analysis beyond the traditionally considered array of risk generators to include a broader cohort of social factors. General Jacoby will moderate this discussion with an eye to emphasizing and maintaining corporate Agility in the risk environment. Please join us to listen in and address questions to our panel of senior risk professionals.
Gen. Charles Jacoby, USA (Ret.)
Henry Essert, Managing Director, PricewaterhouseCoopers LLP
Chris Beck, Executive Risk Consultant, Milliman, Inc.
Chester Szczepanski, Donegal Insurance Group
Randi Woods Marsh, The Principal Financial Group
4:30 – 5:00 p.m.
General Session: Impacts of COVID-19 Coronavirus — What are We Doing as Risk Managers?
As evidenced at this Symposium, the growing pandemic of COVID-19 coronavirus is causing worldwide disruptions to business and in personal lives. What are we doing as risk managers to address this crisis? Join us for this impromptu roundtable discussion to hear what you plan to do or what feedback you are looking for from your peers to help you address this within your company and for your clients.
David Schraub, SOA
Anthony Dardis, Milliman