Casualty
The Academy’s Casualty Practice Council (CPC) offers invaluable technical guidance to policymakers and regulators, ensuring clarity and informed decision-making around property and casualty concerns.
The CPC helps shape the future of public policy and create a safer and more resilient future for all.
Cyber Risk Toolkit
A series of papers addressing issues pertinent to cyber risk insurance and cyber exposure.
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Extreme Events
Floods, earthquakes, other natural catastrophes; terrorist events; and mass torts.
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Financial Reporting and Loss Reserving
Financial reporting and loss reserving issues in property/casualty actuarial practice.
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Risk-Based Capital
Risk-based capital issues in property and casualty actuarial practice, including its treatment by the National Association of Insurance Commissioners.
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Solvency and Soundness
Soundness and solvency issues facing property and casualty insurance companies.
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Workers’ Compensation
Workers’ compensation issues as they relate to property and casualty actuarial practice.
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Casualty News
ERM Committee News
ASB Approves Exposure Draft Of Proposed Capital Adequacy Assessment ASOP
The ASB recently approved an exposure draft of a proposed new ASOP titled Capital Adequacy Assessment for Insurers. The proposed ASOP will apply to actuaries involved in capital adequacy assessment…
Topics: ASB News
Date Published: 09/26/2016
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Casualty Resources
Comment / Letter
Practice Councils Comment to NAIC on Revised RBC Principles
The Casualty Practice Council, Health Practice Council, Life Practice Council, and Risk Management and Financial Reporting Practice Council submitted a joint comment letter to the NAIC’s…
Resource
Applicability Guidelines for Actuarial Standards of Practice
Introduction to the Applicability Guidelines Actuarial Standards of Practice. The Actuarial Standards Board (ASB) sets standards for appropriate actuarial practice in the United States…
Issue Brief
Influential Features in the Workers’ Compensation System—What You May Not Know
The Workers’ Compensation Committee released Influential Features in the Workers’ Compensation System—What You May Not Know, an issue brief that examines how state-specific…
Topics: Casualty
Comment / Letter
Comment Letter to NAIC on AI Systems Evaluation Tool
Providing an actuarial perspective on responsible use of AI in insurance, vice presidents from the Academy’s casualty, health, life, and risk management and financial reporting councils sent a…
Comment / Letter
Homeowners’ Insurance Task Force Comments to NAIC
Homeowners’ Insurance Task Force Chairperson Ken Doss sent a comment letter to the NAIC in response to the Property and Casualty Insurance (C) Committee’s recently released Availability and…
Topics: Casualty
ASOP
Property/Casualty Ratemaking (Second Exposure Draft)
December 2015 TO: Members of Actuarial Organizations Governed by the Standards of Practice of the Actuarial Standards Board and Other Persons Interested in Property/Casualty Ratemaking FROM:…
ASOP
Proposed Revision of ASOP No. 30 – Profit Margins and Contingency Provisions in Property/Casualty Risk Transfer and Risk Retention (Exposure Draft)
June 2024 TO: Members of Actuarial Organizations Governed by the Standards of Practice of the Actuarial Standards Board and Other Persons Interested in Profit Margins and Contingency Provisions…
ASOP
Proposed Revision of ASOP No. 20 – Analysis of Property/Casualty Cash Flows, Including Discounting
March 2025 TO: Members of Actuarial Organizations Governed by the Standards of the Actuarial Standards Board and Other Persons Interested in Analysis of Property/Casualty Cash Flows, Including…
Policy Paper
Climate Data: Actuarial Perspectives on Quality, Challenges, and Effective Risk Quantification
The Climate Change Joint Committee released a policy paper examining the wide variety of actuarial data challenges in climate-related risk quantification. While reflecting the current emphasis on…
NAIC Report
CPC Updates CASTF at NAIC Summer Meeting
Casualty Policy Project Manager Rob Fischer provided an update on Casualty Practice Council (CPC) activities to the NAIC’s Casualty Actuarial and Statistical (C) Task Force (CASTF) at NAIC’s Summer…
Topics: Casualty