Webinar: Risk of Material Adverse Deviation Disclosure in U.S. Statements of Actuarial Opinion


Feb. 14, 2013
Noon–1:30 p.m. Eastern

Join the Academy and the Casualty Actuarial Society (CAS) on Thursday, Feb. 14, for this timely webinar on key considerations related to the risk of material adverse deviation (RMAD) disclosure required of appointed actuaries providing statements of actuarial opinion on property/casualty loss and loss adjustment expense reserves in the United States. Attendees will learn why RMAD disclosure exists and how to establish a materiality standard, evaluate whether there is an RMAD, and document their findings.

Topics:

  • The basis of the RMAD disclosure;
  • Materiality considerations;
  • Risk assessment considerations; and
  • Hypothetical sample wordings.

SPEAKER BIO
Tom Ghezzi, FCAS, MAAA, specializes in loss analyses for a wide range of property/casualty insurance exposures. He has been the appointed actuary for seven U.S. insurance entities for many years. Ghezzi has been a member of and contributor to the Committee on Property and Liability Financial Reporting (COPLFR) since approximately 2003. He was one of the original developers of COPLFR’s Effective Loss Reserve Opinion Seminar for appointed actuaries. Ghezzi is a member of Towers Watson’s actuarial team, which collectively produces over 200 statements of actuarial opinion each year.

This webinar is jointly sponsored with the CAS.

WHO SHOULD ATTEND
Appointed actuaries who practice in or have an interest in the following areas: accounting/financial reporting, reserving, and regulation.

DETAILS
Webinar: Risk of Material Adverse Deviation Disclosure in U.S. Statements of Actuarial Opinion
Feb. 14, 2013
Noon–1:30 p.m. Eastern

REGISTRATION

 

Registration Fees (in U.S. Dollars) Received on
Feb. 5, 2013		 Received after
Feb. 5, 2013
Individual registration  $50  $75
Multiple registrations*

Multiple registrations must use the same computer and telephone connection.		  $250  $300
Regulator registration  $0  $0

*Multiple registrations may provide a list of attendees to the CAS via email, meetings@casact.org, so the CAS may note attendance for all participants in their CAS member records.

CONTINUING EDUCATION
The American Academy of Actuaries believes in good faith that attendance at this live webinar, Risk of Material Adverse Deviation Disclosure in U.S. Statements of Actuarial Opinion, may constitute an organized activity as defined under the current Qualification Standards for actuaries issuing statements of actuarial opinion in the United States, depending upon area of practice. Under these Qualification Standards, an hour of continuing education is defined as 50 minutes, and fractions of an hour may be counted.

QUESTIONS

  • For more information about this webinar, contact Zack Bailey at bailey@actuary.org or 202-223-8196.