P/C Loss Reserve Opinion Writing: RMAD and Reserve Ranges
Jan. 11, 2018 | Noon to 1:30 p.m. EST
CE available

  • Member: $50 (Discount code required.)
  • Nonmember: $100
  • Government Regulators: Free


The appointed actuary’s statement of actuarial opinion (SAO) on the reasonableness of the reserves only tells part of the story. Join us for a webinar that will look at risk of material adverse deviation (RMAD), reserve ranges, and how they fit together for the purposes of issuing SAOs. This webinar, hosted by the Academy’s Committee on Property and Liability Financial Reporting, will summarize presentations made in December at the 2017 Seminar on P/C Effective Loss Reserve Opinions.

During the webinar, presenters discuss how appointed actuaries can identify and discuss the presence or absence of specific risks and uncertainties in the principal’s book of business, and explicitly state whether or not those significant risks and uncertainties could result in RMAD. This webinar provides useful and practical information for actuaries, just in time for opinion writing season.


  • Mary Frances Miller, MAAA, FCAS, Hon FIA, CPCU, ARe, AIM
    Past President, American Academy of Actuaries
    Member, Committee on Property and Liability Financial Reporting
  • Dawn Fowle, MAAA, FCAS
    Member, Opinion Seminar Subcommittee
  • Kathy Odomirok, MAAA, FCAS
    Chairperson, Committee on Property and Liability Financial Reporting
The American Academy of Actuaries believes in good faith that attendance at this live webinar constitutes an organized activity as defined under the current Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States, and that attendees may earn up to 1.8 CE credits for attending this live webinar.


Dawn Fowle, MAAA, FCAS
Dawn Fowle is a senior manager with EY. She is a contributor to annual update of EY standard language for the Statement of Actuarial Opinion, Actuarial Opinion Summary, and supporting Actuarial Report. Fowle supports opinion work, reserve reviews, and audits for small and large insurance clients. Her previous corporate experience in drafting annual opinion for insurance group with eight domestic statutory entities.

Mary Frances Miller, MAAA, FCAS, Hon FIA, CPCU, ARe, AIM
Mary Frances Miller is a past president of the Academy, and has been a member of the Committee on Property and Liability Financial Reporting since 2013. She also is a past president of the Casualty Actuarial Society. Miller is a partner and consulting actuary with Select Actuarial Services. Her primary focus is alternative risk—self-insurance, large deductibles, captives, trusts, and risk retention groups. She signs NAIC statutory opinions, U.S. captive statutory opinions, and Bermuda statutory opinions.

Kathy Odomirok, MAAA, FCAS
Kathy Odomirok is the chairperson of the Academy’s Committee on Property and Liability Financial Reporting, having previously served as its vice chairperson from 2015 to 2017. She also chaired the 2015–16 Property/Casualty Practice Note Subcommittee. Odomirok is a principal with EY and practice leader for core L/H and P/C audit and opinion services, and is the lead actuary for EY’s largest property/casualty insurance clients. She served as the quality director for EY’s insurance and actuarial advisory services practice (2011–15); established EY’s “standard” Statement of Actuarial Opinion (SAO), Actuarial Opinion Summary (AOS), and supporting report templates; and consulted with EY actuaries to review and approve “nonstandard” P/C and life and health SAOs. Odomiork signed over 20 opinions for year-end 2016.

  • For more information about this webinar, contact Kristina Jackson at 202-223-8196 or kjackson@actuary.org.
  • For technical questions about registration, please contact WebEx customer support at 866-229-3239 or support@webex.com.