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EMB UNIVERSITY SESSIONS: Past and Upcoming Catagorized
PREDICITIVE MODELING:
Predictive Modeling: Project Management (PL,CL)*
July 24th 2007 11AM (ET)
Many of our sessions have focused on specific aspects of predictive modeling. This session will attempt to discuss the various stages of a predictive modeling project at a high level as a means to provide a blueprint for successful project management.
Avoiding Common Predictive Modeling Pitfalls (PL,CL)
April 22nd 2008 11AM (ET) and January 16th 2007
Through working with companies, EMB has seen mistakes that many companies make with respect to building predictive models. This session will discuss a few of those pitfalls in depth.
Predictive Modeling: What Is Out There? (PL,CL)
August 15th 2006 11 AM (ET)
There are a variety of predictive modeling techniques. This session discusses different methods with pros and cons of each.
Hot Topics for Increasing Lift (PL,CL)
October 23rd 2007 11AM (ET)
There are many different ways to improve the performance of the rating algorithm. This session will discuss many of the more cutting edge activities that insurers have been doing to develop the right rate for the risk. The focus will not be on a specific approach but more of a high level discussion on how different techniques can improve your overall lift.
Getting the Most Out Of EMBLEM (PL,CL)
November 20th 2007 11AM (ET)
This session will provide some useful tips to help current users use EMBLEM as efficiently and fully as possible. The session will be targeted towards current EMBLEM users, but non-EMBLEM users are welcome to watch.
Understanding The Secrets In Your Data: Basic Modeling Strategy (PL,CL)
July 18th 2006 11 AM (ET)
GLM is the standard for ratemaking. This session covers basic statistical and practical tests to help the practitioner build the “best” model.
How To Achieve Success With Commercial Lines Modeling (CL)
September 19th 2006 11 AM (ET)
Personal lines have a proven track-record with respect to predictive modeling. This session provides a management-level discussion of the opportunities and pitfalls associated with commercial lines modeling.
Commercial Lines: Predictive Modeling Challenges (CL)
February 20th 2007 11 AM (ET)
Predictive modeling techniques can be used effectively on commercial lines of business. This session provides a more detailed look at some of the unique challenges encountered with commercial lines modeling.
A Better Way To Include Geographic Considerations In Rates: Territorial Ratemaking (PL,CL)
May 15th 2007 11 AM (ET)
There are various approaches for analyzing territorial boundaries and relativities within the multivariate framework. This session covers pro’s and con’s of the different methods.
RESERVING:
Reserve Ranges (PL,CL)
May 16th 2006 11 AM (ET)
Estimating the variability inherent in a reserve estimate is getting increased attention from rating agencies, capital markets, regulators, and management. It’s time to move away from old rules-of-thumb and take advantage of the advancements made in this area.
Reserve Variability (PL,CL)
June 19th 2007 11AM (ET)
This session will build upon last year’s EMB University session and focus on two approaches to evaluating reserve range variability: Mack’s Method and Bootstrapping. An overview of these approaches will be provided as well as a discussion of their uses, benefits and limitations.
ERM:
ERM: What the Rest of the World Is Doing (PL,CL,RI)
September 25th 2007 11AM ET)
ERM should be part of the core daily function of a company’s decision making. This session will discuss the use of ERM in insurance markets around the world, and in particular, actual benefits and changes in insurance management due to the UK’s Internal Capital Assessment (ICA) Regime. The session will also discuss how European risk regulation may affect US companies including rating agencies views toward risk management.
Adjusting ERM Models for Major Changes (PL,CL, RI)
January 22nd 2008 11AM (ET)
An ERM model should be a living representation of the enterprise’s underlying risk profile. As such it should change where and when needed to address new potential risks. This session will cover how a company should considering modifying its ERM model including building in possible management response mechanisms and “Operational Risk” knock on effects.
Getting the Most Out Of ResQ or Igloo (PL,CL, RI)
February 19th 2008 11AM (ET)
The loss reserving risk is a critical component of a company’s daily reserving process and its ERM structure. It should naturally flow between both and as such the different software products used should have synergies. This session will discuss how specifically EMB’s loss reserving and ERM software can be used in an efficient manner to address both areas needs. While it will be pointed specifically at EMB software, the attendees will also be presented with general tips on managing the reserving risk process in an ERM framework.
Getting ERM Started: Quick Tips And Common Pitfalls (PL,CL, RI)
June 20th 2006 11 AM (ET)
Successful companies are performing internal capital assessments. This session covers the major items that should be considered when implementing ERM to ensure that there is value added.
Getting The Most Out Of Your ERM Modeling Process (PL,CL, RI)
October 17th 2006 11 AM (ET)
ERM results address a broad spectrum of issues. This session covers how companies can leverage the analysis across the organization to get the most out of the ERM process.
IMPLEMENTATION AND OPTIMIZATION:
Getting the Most Out of Rate Assessor (PL, CL)
August 21st 2007 11AM (ET)
This session will provide some helpful tips to help current users use Rate Assessor as efficiently and fully as possible. The session will be targeted towards current Rate Assessor users, but non-Rate Assessor users are welcome to watch.
Comprehensive Competitive Analysis (PL, CL)
December 18th 2007 11AM ET)
Simple standardized rate comparisons may no longer provide an accurate picture of a company’s true competitive position. Indeed such comparisons may not even be possible. See how companies may elect to get a better handle and understanding of their competitiveness using tools like Rate Assessor.
Applications of Scoring (PL, CL)
March 25th 2008 11AM (ET)
This session will look at different uses of scoring by insurers in underwriting or other proprietary applications within your rating plan. This session will also discuss how this is accomplished in our GLM modeling software, EMBLEM.
Bridging the Gap Between Pricing And Marketing (PL, CL)
May 20th 2008 11AM (ET)
The more advanced companies are heavily using predictive modeling for marketing applications. This session will focus on integrating pricing and marketing predictive models to develop rates and rating structures that will help companies meet all their goals.
Comprehensive “Multivariate” Competitive Analysis (PL, CL)
December 5th 2006 11 AM (ET)
Multivariate analysis has increased the complexity of rating algorithms and rendered traditional competitive analysis inadequate. This session discusses new comprehensive analysis techniques so companies can understand their true competitive position.
Optimal Pricing: Bridging The Gap Between Pricing And Marketing (PL, CL)
March 20th 2007 11 AM (ET)
Elasticity and risk models can be combined to determine the true impact of scenarios on profitability and market share. This session covers opportunities and pitfalls associated with price optimization.
Pricing And UW: Working Together To Improve Results (PL, CL)
April 17th 2007 11 AM (ET)
UW and Pricing have historically worked separately to ensure profitability. This session discusses ways for the two to work cooperatively to improve profitability.
Please contact us at  for more information regarding past or future webinars.
* PL = Personal Lines
CL = Commercial Lines
RI = Reinsurance
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