Baribeau to Speak at Conference of Consulting Actuaries’ Annual Meeting

Annmarie Geddes Baribeau, president of Insurance Communicators, LLC, will be speaking at the Conference of Consulting Actuaries’ Annual Meeting on Monday, October 25. She will be a panelist during the discussion “Client Concerns re: Marijuana Legalization.”

The discussion will be moderated by Margaret Tiller Sherwood, president of Tilller Consulting Group, Inc. Joshua Carden, partner with Carden Livesay LTD, will begin the conversation by covering marijuana legalization.

Baribeau will be speaking on the concerns and opportunities for actuaries. She believes marijuana will become more expensive for insurers as use increases. Baribeau encourages carriers to engage in more research to inform the public conversation. To read her work on marijuana, please check out her articles in Actuarial Review and Leader’s Edge.




New Reserving Practices Made Possible by Modern Technology, Methods

 

Proper reserving ensures insurance companies have the financial strength to pay claims and other expenses.

ReservingThanks to modern technology supporting sophisticated models and richer data, some forward-thinking actuaries are unearthing new approaches to fine-tune reserving. Specifically, they are looking to develop reserves on a per claim rather than an aggregate basis.

My Actuarial Review article, Beyond Triangles: Capturing Insights From New Analytic Technology, is garnering much attention. The story also describes new reserving approaches that should improve the insurance value chain from developing rates to unearthing or quantifying unnecessary claim costs.

Actuaries have different ideas on the best tools and models for reserving. Until best practices emerge, there will be much discussion.

I hope my article serves as a springboard for moving the discussion forward.