Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June...
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Transcript of Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June...
![Page 1: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/1.jpg)
Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, FloridaJune 17-20, 2007 Steve Knutson
![Page 2: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/2.jpg)
Insurance is about predicting the future
![Page 3: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/3.jpg)
Emerging Issues are:
– Phenomena whose nature and effects are unknown
– Beyond the bounds of existing underwriting and risk management protocols
– Beyond existing actuarial calculations
![Page 4: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/4.jpg)
Donald RumsfeldFormer Secretary of Defense
That there are known knowns, there are things we know that we know.
There areknown unknowns.That is to say, there are things that we now know, we don't know.
But there are also unknown unknowns. There are things we do not know, we don't know.
And each year, we discover a few more of those unknown unknowns.
Flash
![Page 5: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/5.jpg)
PROCESS
ScreenAnalyze and Resolve
Implement Solutions
Measure Results
Process Improve-ments
Quantify andPrioritize
ScreenAnalyze and Resolve
Implement Solutions
Measure Results
Quantify andPrioritize
ScreenAnalyze and Resolve
Implement Solutions
Measure Results
Quantify andPrioritize
Identify
![Page 6: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/6.jpg)
Clues
![Page 7: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/7.jpg)
Emerging issues arise from:
![Page 8: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/8.jpg)
Emerging issues arise from:
• Technological developments
![Page 9: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/9.jpg)
Emerging issues arise from:
• Technological developments• Socio-economic trends
![Page 10: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/10.jpg)
Emerging issues arise from:
• Technological developments• Socio-economic trends• Novel legal theories
![Page 11: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/11.jpg)
Emerging issues arise from:
• Technological developments• Socio-economic trends• Novel legal theories• Legislation and Regulation
![Page 12: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/12.jpg)
Technological Developments
![Page 13: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/13.jpg)
Cell Mutations
Technological Developments
![Page 14: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/14.jpg)
Diesel
Technological Developments
![Page 15: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/15.jpg)
Acrylamide
Technological Developments
![Page 16: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/16.jpg)
DieselAcrylamide
Technological Developments
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Fear of future injury or disease
Technological Developments
![Page 18: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/18.jpg)
Cell Mutations
Technological Developments
![Page 19: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/19.jpg)
Socio-economic trends
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“Obesity” Litigation
Socio-economic trends
![Page 21: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/21.jpg)
Addictive foods
Socio-economic trends
![Page 22: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/22.jpg)
Addictive foods
Socio-economic trends
![Page 23: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/23.jpg)
Novel Legal Theory
![Page 24: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/24.jpg)
Alien Tort Statute
Novel Legal Theory
![Page 25: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/25.jpg)
Alien Tort Statute
Novel Legal Theory
![Page 26: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/26.jpg)
Alien Tort Statute
Novel Legal Theory
![Page 27: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/27.jpg)
Public Nuisance
Novel Legal Theory
![Page 28: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/28.jpg)
Public Nuisance
Novel Legal Theory
![Page 29: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/29.jpg)
Public Nuisance
Novel Legal Theory
![Page 30: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/30.jpg)
Public Nuisance
Novel Legal Theory
![Page 31: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/31.jpg)
Legislation
![Page 32: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/32.jpg)
Body burden
Legislation
![Page 33: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/33.jpg)
Legislation
![Page 34: Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, Florida June 17-20, 2007 Steve Knutson.](https://reader036.fdocuments.us/reader036/viewer/2022062322/56649f515503460f94c74ee9/html5/thumbnails/34.jpg)
Casualty Actuarial Spring Meeting Disney’s Contemporary Resort Lake Buena Vista, FloridaJune 17-20, 2007 Steve Knutson