ISO has received several inquiries about whether our statistical data shows different loss development patterns for catastrophe and noncatastrophe losses. The answer is yes, though the differences vary according to the size and timing of the catastrophe. In this session, you’ll learn about analytics ISO has developed to help insurers and reinsurers reduce the range of uncertainty in development forecasts. We’ll examine how historical patterns vary for different kinds of catastrophes — and for catastrophe and noncatastrophe losses.
Original Presentation Date:
Monday, August 8, 2011
Target Audience:
Insurer and reinsurer actuaries, underwriters, and claim professionals
Joseph Izzo
Assistant Vice President and Associate Actuary
Commercial Lines Information and Analytics
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Joseph M. Izzo is Assistant Vice President and Associate Actuary of ISO's Commercial Lines Information and Analytics Division.
His division is responsible for various products and services related to ISO's Commercial Lines Insurance Programs. His area is also responsible for the maintenance and quality of ISO's Commercial Lines Statistical Databases.
Mr. Izzo has more than 25 years of actuarial and data management experience.
Mr. Izzo is a member of the American Academy of Actuaries (MAAA), a fellow of the Casualty Actuarial Society (FCAS),
and holds the Chartered Property/Casualty Underwriter (CPCU) designation.
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Sanders B. Cathcart
Assistant Vice President and Actuary
Personal Lines Information and Analytics
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Sanders Cathcart is assistant vice president and actuary, personal lines information and analytics. He manages various ISO data products and data quality
functions, regulatory statistical filing, and related services. His broad actuarial experience at ISO has also included rate making, regulatory support, financial analysis, and data management. Mr.
Cathcart is a fellow of the casualty Actuarial Society and a member of the American Academy of
Actuaries.
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