Vision - Casualty Actuarial Society视觉-意外精算学会.pptVIP

Data/Technology 3 - Data Management Panel Discussion CAS Ratemaking Seminar March 2005 Panelists Jason L. Russ, Consulting Actuary, Milliman, Inc. Michael L. Toothman, Consultant Actuarial Risk Consulting Services Peter Marotta, Principal, ISO Gary Knoble, Vice President, The Hartford Data Management and the Actuary An ABCD Perspective The Role of the ABCD  Consider complaints Counsel Actuaries Recommend disciplinary action Respond to requests for guidance Mediate issues The Role of the ABCD  Consider Complaints Conduct Investigations Hold Hearings The Role of the ABCD Counsel Actuaries A primary role for the ABCD Possible result at several points in the ABCD process In lieu of an investigation After the investigation After a hearing The Role of the ABCD Recommend Disciplinary Action Only the participating organizations have authority to discipline their members Occurs in well under 5% of ABCD case The Role of the ABCD Respond to Requests for Guidance Over 50% of ABCD cases Key function of the ABCD The Actuary’s Responsibility Comply with Code of Conduct Comply with Qualification Standards (both general and specific) Comply with Standards of Practice The Actuary’s Responsibility Precept 1: An Actuary shall act honestly, with integrity and competence, and in a manner to fulfill the profession’s responsibility to the public and to uphold the reputation of the actuarial profession. Real Life Issues ABCD classifies cases as Practice Conduct Majority of cases are conduct issues Very few cases have involved data quality ABCD Case Resolution ABCD Case Resolution ABCD Case Resolution INSURANCE DATA MANAGEMENT ASSOCIATION (IDMA) Peter Marotta Who Are We? IDMA is a non-profit professional association advancing data management through education Timeline Established March 14, 1984 First annual meeting December 10, 1985 April 1990 – first graduates received professional designations January 2005: CIDMs: 1