We welcome and encourage non-actuaries to attend our conference because information covered is relevant to a wide range of work within the insurance and financial community.  Please share this with others who may be interested.

SPEAKER LIST

Bill Abolt is a Vice President of CB&I Environmental & Infrastructure and leads its Sustainability, Energy and Carbon Management National Practice. Prior to joining CB&I (formerly the Shaw Group) he served as Environment Commissioner, Director of the Office of Budget and Management and Chief of Management, Office of the Mayor, for the City of Chicago, where he was responsible for developing Chicago's strategy to become one of the greenest cities in the United States.

Bill has over 28 years of experience managing complex energy, environmental and public issues including energy planning, sustainability program design, multi-stakeholder budget processes and enterprise-wide analysis of critical infrastructure and electrical system performance. As a part of his responsibilities at CB&I Environmental & Infrastructure, he manages and directs specific consulting projects for corporate and public clients including but not limited to assignments involving renewable energy, energy efficiency, green infrastructure and sustainable design.

He is a member of the Green Ribbon Committee of the Chicago Climate Action Plan, the Midwest Advisory Council of the Natural Resources Defense Council, the Civic Consulting Alliance Leadership Council and is a Leadership Greater Chicago Fellow (Class of “92.) He serves as an adjunct instructor in Public Policy and Administration at both the University of Illinois at Chicago and Northwestern University where he has developed and taught graduate courses on subjects including public budgeting, energy and climate policy, urban sustainability, intergovernmental management and capital and development finance.

Steve Kolk 
Steve is chief actuary and senior modeler at CoreLogic.  He is an Associate of the Casualty Actuarial Society (ACAS).  He holds a BA in mathematics, with honors, from Calvin College of Grand Rapids, Michigan.  He is a member of the Climate Index Working Group comprised of members from the Casualty Actuarial Society, Canadian Institute of Actuaries, Society of Actuaries, and the American Academy of Actuaries’ Property/Casualty Extreme Events Committee.
Steve has done hands-on actuarial work with most every Property & Casualty line of business. He began his career estimating the impact of Florida hurricanes on manufactured homes for Foremost Insurance Company. After that beginning he did mostly Casualty work: first at Hartford Insurance Group, then at St. Paul Insurance Companies, then at Safeco Insurance Companies and thereafter became chief actuary of Grange Insurance Group in downtown Seattle. After hearing and meeting Nobel Prize winner Dr. Evan Mills when he spoke there about his work with the IPCC on leap day of 2008 to the Casualty Actuaries of the Northwest about climate change, he redirected his career to focus on Property risks and climate change impacts upon them. He started this career renewal with a brief stint near Green Bay, Wisconsin as staff actuary at Ameriprise Auto & Home insurance. From there he joined CoreLogic in their Madison, Wisconsin office as chief actuary in 2010. At CoreLogic his role is to analyze and quantify a variety of catastrophic risks using precise, granular property hazard data. As part of that work, he has co-authored three annual Storm Surge reports and two annual Wildfire reports.

Sarah Lovinger, MD, is an internal medicine doctor at the Lake County Health Department in Lake County, IL.  She is also the executive director of the Chicago chapter of Physicians for Social Responsibility, www.chicagopsr.org.  Sarah is also an adjunct lecturerat Northwestern University, where she teaches an undergraduate seminarclass in climate change and global health.

As director of Chicago PSR, Sarah collaborated with students atNorthwestern University’s McCormick School of Engineering to write a Climate Adaptation Plan for Cook County. Sarah is a volunteer member of the City of Evanston climate adaptation task force and also volunteers for the BRACE-IL Training and Education Work Group, the CDC-funded climate adaptation planning effort for the Illinois Department of Public Health.  Sarah blogs at www.climate-MD.com andyou can follow her @climateMD.

Thomas P. Stone

Tom has served as the Vice President of Catastrophe Management at CNA Insurance for the last five years.  His group is part of the Enterprise Risk Management division.  He currently leads the Corporate Cat Committee which is charged with devising and implementing CNA’s overall Catastrophe management strategy.

Tom is responsible for measuring, monitoring, and reporting the company’s aggregate catastrophe risk.  He is accountable for CNA’s global exposure to all natural and man-made catastrophes.  He established the Cat pricing framework and risk management function within the company.  Tom also oversees the Cat risk analytics that are being developed and applied throughout the organization.

Prior to joining CNA, Tom worked as a Senior Manager at Ernst & Young where he led the catastrophe advisory group.  This group teamed with the company’s Insurance and Actuarial Advisory Practice to provide an array of best practices consulting services to insurers, reinsurers, and banks.  Over the last 20+ years, Tom has been involved in catastrophe risk modeling under a variety of capacities, from model design and development to researching ways in which the models can be most effectively applied.

MENU (Make your lunch selection at time of reservation.)

Chicken  –  Amish chicken – all natural baked chicken, marinated with a garlic + rosemary sauce, roasted garlic organic mashed potatoes

Vegetarian  –   whole wheat fettuccini – sautéed with artichokes + sundried tomatoes

Breaks between the sessions will include snacks and hot and cold beverages (coffee, tea, soda pop, juice, water)

Topic: A Dialogue with the SOA President  

Tonya B. Manning is an actuary for the U.S. Department of Treasury. In this role, she is involved in a number of activities related to employee plans, including participating in regulation projects, reviewing ruling requests, and public outreach. She also assists private practitioners and internal personnel with technical questions. Prior to joining the U.S. Department of Treasury, Manning worked for 22 years at Aon Consulting and was senior vice president and chief actuary for its U.S. retirement practice.

She is a fellow of the Society of Actuaries (SOA), a member of the American Academy of Actuaries (the Academy), a fellow of the Conference of Consulting Actuaries (CCA), and an enrolled actuary.

Manning holds a number of volunteer positions with the SOA. She is a member of its Board of Directors, currently serving as president-elect and previously as vice president. She is the Board Partner to the SOA's Council of Section Chairs, serves on the SOA's Committee on Post-retirement Needs and Risk and the Retirement Viewpoints and Visibility Team.
 
Date: Wednesday April 17, 2013    

Location: Radisson Blu Aqua Hotel, in Pacific Ballroom 3
221 N. Columbus Drive, Chicago 60601

PLACE: Holiday Inn Chicago Mart Plaza, 14th Floor Conference Center & 15th Floor LaSalle
(Located atop the Apparel Center, just west of the Merchandise Mart – see directions below) 350 W Mart Center Dr, Chicago 60654

COST: $115 with dinner, $95 without dinner
(Reduced rate for retirees, unemployed, full time students: $70 with dinner, $50 without dinner)

Workshops cover a variety of hot topics in each of the time slots.  Make your reservation online by Tuesday, March 12, 2013.  If you have questions, please call Pat Pruitt at 312-751-3392 or Bob Aronsohn at 312-653-5677.  This information, more speaker biographies, and subsequent updates are posted on our website at http://meeting.ChicagoActuarialAssociation.org
 
Use this opportunity to fulfill some of your continuing professional development requirements.  You can earn more than 3 hours toward your annual AAA and SoA CPD requirements while you meet and network with other local actuaries face-to-face.

We welcome and encourage non-actuaries to attend our workshops because information covered is relevant to a wide range of work within the insurance and consulting industries.  Please share this announcement with others who may be interested. 

Suggested educational tracks are listed (in parentheses) beside each title:  General, Health, Investment, Life, Pension, and Risk Management.

Register online at …
After you register, you will receive a payment link via E-mail.    
 
Payment should be made in advance online by credit card or e-check.  The day of the event, any form of payment can be accepted on site. 
We strongly encourage advance payment, as it speeds up entry on the day of the event.  If you pay your fee online using the secure PayPal link, we will send you the program (and dinner ticket, if applicable) before you arrive.  You will not need to check in:  Simply pick up your name badge and go to your first session.   

Refreshments will be provided before each session.

A2:  Results from two SOA Research Projects on High Face Amounts and Preferred Underwriting (Life)
Al Klein, FSAA, MAAA, Consulting Actuary, Milliman, Inc.
Michelle Krysiak, FSA, MAAA, Consulting Actuary, Milliman, Inc.
The SOA completes numerous research projects every year, some through volunteer groups and some through hiring an outside organization to complete the project.  Milliman was hired to complete a High Face Amount study for the SOA; this study was based on the data from a large industry mortality and lapse study Milliman recently completed.  High face amounts were defined as $1 million and above.  This is the first High Face Amount study completed by the SOA since 1998, when Manulife completed their last study for the SOA. 
The recently published Preferred Underwriting survey was completed by the SOA Mortality and Underwriting Survey Committee and includes some elements (e.g., debit/credit structures and preferred exceptions) not previously studied by this group.
We will present some of the more interesting findings from these studies.  Please join us to hear more about these two hot life topics.

A5:  Financial Status and Update on Social Security (Pension)
Raymond Berry, ASA, MAAA, MSPA, EA
As an actuary, do you get asked questions about Social Security?  This session will provide a summary of the financial status of Social Security and proposals for reform.  Latest Trustees report and AAA Issue Briefs will be discussed.

Refreshments will be provided before each session.

B2: Individual Update on Mortality Table (Life)
Mary J. Bahna-Nolan, MAAA, FSA, CERA, Director, PricewaterhouseCoopers LLP
Implications of the new 2012 Payout Annuity Mortality Table as well as developments of the 2014 VBT and implications for PBR/VM-20.

B3:  CBOE’s & the Insurance Industry (Investment)
Matt McFarland, Director – Business Development, Chicago Board Options Exchange
John Wiesner, Risk Management Strategist, Chicago Board Options Exchange
The presentations will show how CBOE’s customizable FLEX© options work for insurers.  There will also be a description of what exotics options CBOE is hoping to add to the platform to help match more of carriers’ liabilities.  There will also be a description of a new option pricing service that will provide insurers pricing from actual market making firms on FLEX options, and on the volatility surface out 15 years, as well as custom options the users request themselves.

B4:  Rx Trends (Health)
Jason Gomberg, FSA, MAAA, Actuary, Milliman
Jamie Vora, PharmD, MBA, Pharmacy Management Consultant
Now that the generic wave of 2012 is over, what is next?  We will cover how the pharmacy landscape is changing and how pharmacy fits in with Health Care Reform.

B5:  Common Framework for the Supervision of Internationally Active Insurance Groups and Getting Ready for the ORSA (Life)
Tom Herget, FSA, MAAA, CERA
Brian Paton, FFA, MAAA – Director, Life Actuarial Practice, PricewaterhouseCoopers LLP
i) Common Framework for the Supervision of Internationally Active Insurance Groups – This session will address the purpose, progress and prognosis of this initiative to regulate internationally active insurance groups.  It could well affect those insurers not international in scope as regulators seek to maintain a level playing field.
ii) Getting ready for the ORSA – This session will cover the topic of preparing for the National Association of Insurance Commissioners (NAIC) Own Risk and Solvency Assessment (ORSA) requirement. In particular it will cover the risk management and capital processes that underpin the regulatory requirement and how to derive value from the process.  The session will also cover where companies are currently well prepared for an ORSA and where companies commonly have further work to do to meet the requirements. 

B6:  Introduction to the Illinois Public Pension System (Pension)
Jason L. Franken, FSA, EA, MAAA, Foster & Foster Consulting Actuaries, Inc.
Louis Kosiba, JD, MBA, CEBS, Illinois Municipal Retirement Fund
Introduction to the Illinois public pension system – it is not just the five large funds
–          How did the funding levels get their current levels
–          Insight from the executive director of one of the largest funds in the state
–          Actuarial problems with the funding of the system

B7:  Four Degrees of Separation: Climate Change, Energy Use and Risk Management (Risk Management)
Timur Gök, Visiting Associate Professor, Department of Finance, DePaul University
From a complex systems view, we explore the implications of climate change for managing risks in an integrated ecological-socioeconomic system.

Refreshments will be provided before each session.

C3: Middle Market – Challenges and Considerations (Life)
Phil Murphy, MBA, Munich Re
An overview of the challenges and best practices required to tackle the shifting landscape presented by the middle market.  What can be done to maximize ROI in this increasingly complex and competitive space in the life insurance market?  Every situation is unique, so what are the components of a successful program?

 
C4:  Life Insurance Tax Update (Life)
Charles D. (Bud) Friedstat, FSA, MAAA, Consulting Actuary
Arthur V Panighetti, FSA, MAAA, Northwestern Mutual Life
This session will focus primarily on life insurance company tax reserve issues but may also briefly discuss certain recent developments in the life insurance product tax area.  Tax reserve issues to be discussed will include developments for in-force variable annuities with guaranteed living benefits (VAGLB's) and Actuarial Guideline 43 post implementation issues including recent developments and current IRS audit treatment, other recent developments in the tax reserve area including cases and rulings other IRS audit issues related to life, health and annuity reserves, expected near term IRS pronouncements, life PBR related tax reserve issues and issues to be addressed by the IRS Priority Guidance Program.  This session will also discuss new developments in the tax reserve area including the impact of the low interest rate environment as well as activities of the AAA Tax Work Group.

C5: LTC GAAP and STAT Active Life Reserving Considerations (Health)
Loretta Jacobs, FSA, MAAA, Senior Manager, Financial Services Office, Ernst & Young LLC
Carl Ghiselli, FSA, MAAA, Actuary, Insurance and Advisory Practice, Ernst & Young LLC
This session will cover issues around the calculation and reporting of long-term care (LTC) active life reserves for both statutory and GAAP purposes. We will discuss applicable regulations and guidance and cover financial projections such as asset adequacy testing and GAAP loss recognition testing. We will discuss best practices in calculation and analysis of LTC reserves from both an internal and external business management perspective.
At the conclusion of the session, attendees will be able to compare their reserving practices to industry best practices, understand and apply the key statutory and GAAP regulations and guidance to their situation, and apply learnings to their valuation and projection processes.

C6:  New Era Retirement Fund Investing (Pension)
Merrill F. Rajeck, CFA, Owner/Manager, Jay Company – Investment Management
Fed dictated microscopic interest rates are forcing retirement funds to take more risk.  Where can a manager earn a 7 ½% assumed rate of return?

C7: Predictive Modeling of Individual Mortality with Laboratory and Physical Measurement Data (General)
Brian Lanzrath, ExamOne Inc.
The proliferation of rate classes has been a long-term trend in life insurance underwriting, but the definition and stratification of such groups remains unsystematic.  This session will describe the construction and implications of a risk model derived from over 8 million individual applicants for whom complete laboratory and biometric data were available, including direct comparisons with existing methodologies and the potential for fully individualized pricing.

Rows of chairs are available for those who want to watch this presentation without dinner.

Dinner is optional.  The event fee is $115 with dinner, $95 without dinner, (Retirees, unemployed, and fulltime students get a reduced rate of $70 w/dinner, $50 without dinner).  Make your dinner selection when you register online.  After you register, you will receive a payment link via E-mail.

SALAD:  farmers market salad, field greens, tomatoes, mushrooms, onions, green beans, red wine dressing

ENTRÉE – three choices – chicken or fish or vegetarian:
(chicken) breast of chicken stuffed with spinach, wild mushrooms, roma tomatoes
     or
(fish) citrus bronzed Alaskan baked halibut, light lemon garlic cream
    or
(vegetarian) risotto with grilled asparagus, fennel

DESSERT:  flourless chocolate cake + ganache glaze

Coffee & Tea

Speakers: Stuart Klugman, FSA, CERA; Staff Fellow, Society of Actuaries,
        Anthony Cappelletti, FCAS, FCIA; Staff Fellow, Society of Actuaries
 
This presentation will cover the 2013 changes to the SOA’s fellowship requirements, including the redesigned pathway and the introduction of a track in General Insurance.

Stuart Klugman has been a Staff Fellow at the SOA since 2009.  For the prior 35 years he taught actuarial science at two universities.  He is the author or editor of four books and is a two-time recipient of the SOA President’s Award.

Anthony Cappelletti recently joined the SOA as Staff Fellow and is involved in the development of the General Insurance track.  He has over twenty years of actuarial experience in the general insurance industry and over ten years of involvement on the examination committee for the CAS. He has worked in both consulting and for insurance companies.  In his role as a consultant, he has been the Appointed Actuary for several Canadian and Jamaican General Insurance organizations.

Date: Tuesday January 15, 2013   
3:30 Registration / 4:00  Speakers / 5:00  Reception, hors d’oeuvres and drinks

Donald Maves is Manager, Actuarial Services with PolySystems, Inc, where for fourteen years he has advised clients in the installation of financial reporting software for life insurance companies.  Mr. Maves has more than 30 years of actuarial experience with life insurance companies covering pricing, financial reporting (statutory, GAAP, and tax), financial projections, and actuarial regulatory issues.  He was Chair of the industry task force that advised the NAIC on the original XXX regulation.  Mr. Maves is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries.  He graduated from Purdue University with a B.S. in Mathematics.  Mr. Maves is a frequent speaker at Society of Actuaries meetings and events.

Date:  Tuesday December 11, 2012 
3:30 Registration   /   4:00 Speaker   /   5:00 Reception, hors d’oeuvres and drinks

Date: Friday, November 16, 2012   (RSVP by Nov.9)

Location: Southport Lanes & Billiards, 3325 N. Southport, Chicago
(near the CTA Brown Line – Southport station)

Come out and celebrate the end of another actuarial exam season!  The Chicago Actuarial Association (CAA) has reserved a private area at Southport Lanes, a famous bowling alley featuring Chicago’s last and only hand-set bowling lanes still set the old fashioned way, by pinboys.  The room also has a pool table for our use.

We will serve your choice of a variety of food platters.  Our drink service includes soda pop, beer, and wine.  Shoe rental is included.  Attendees need not bowl or play pool.  In fact, since the number of lanes is limited, feel free to attend if all you want to do is socialize.  We will have optional (though encouraged) group-fun creative bowling games to play. 

Space is limited to 40, so register promptly.

Payment must be made in advance.  You will receive payment instructions via email when you register.  Register online by November 7 at <link> .
After you register, look for an email confirmation from RSVPmenow.com.  If you don’t see confirmation, submit the registration again.

When reserving, remember to select whether you are an exam participant or a member or neither, and you will also have an opportunity to suggest a food item.

Make your reservation online by June 18, 2012.  If you have questions, please call Pat Pruitt at 312-751-3392 or Bob Aronsohn at 312-653-5677.  Subsequent updates are posted on this web page.

We welcome and encourage non-actuaries to attend our conference because information covered is relevant to a wide range of work within the insurance and financial community.  Please share this with others who may be interested.

Elijah Brewer III, Ph.D.
DePaul University, the Center for Financial Services at DePaul University, and the Federal Reserve Bank of Chicago
     Elijah Brewer is currently a professor of finance at DePaul University where he teaches courses in commercial banking, money and banking, international finance, financial management, and business conditions.  He was a senior economist and assistant vice president in the Economic Research Department of the Federal Reserve Bank of Chicago for over 25 years. His responsibilities were to oversee the antitrust analyses of bank holding company applications in the seventh Federal Reserve district and conduct economic research. His current research includes bank merger activity, deregulation, and corporate governance structure; derivatives activity, bank risk taking propensity, and portfolio choice; executive compensation, expanded powers, and performance in the banking industry; the wealth effects of financial institutions’ bankruptcy announcements; mutual to stock conversions of financial services firms; and the role of small business investment companies in financing the activities of small businesses.
     Professor Brewer has written on CEO compensation, corporate governance in banking, deposit insurance and bank stability, risk management, expansion of the Federal Safety Net, the relationship between risk and capital, and the effects of derivative usage on the performance of depository institutions.

David N Ingram, CERA, FRM, PRM, Executive Vice President, Willis Re
     Dave is a member of Willis Re’s Analytics team based in New York. Dave provides ERM, risk  assessment and capital management advisory services to Willis Re’s insurance clients.
     Dave was previously the Senior Director, ERM in the Insurance Ratings Group of Standard and Poor’s, New York. In that position, he spearheaded S&P’s initiative to incorporate ERM as one of the primary ratings criteria and the development of the framework for reviewing economic capital models. Dave also was co-author of the criteria that S&P is implementing to add consideration of ERM practice into all corporate ratings.
     In addition, Dave was a Consulting Actuary with the New York Office of Milliman for 7 years. He consulted on risk management and risk analysis. Dave also has more than 20 years of actuarial and general management experience in the insurance industry where he served as corporate actuary, business unit head, planning officer, ALM actuary and pension actuary for a major US insurance company.
     Dave has authored over 40 published articles relating to ERM. His paper “Risk and Light” won the 2009 Best Practical Paper award at the ERM Symposium. He has spoken on ERM at over 100 events organized by PRMIA, GARP, SOA, CAS, IAA, ASTIN, Groupe Consultatif, World-Bank, Goldman Sachs, and S&P in North America, Asia, Europe, Australia, Africa and South America. He has been the founder and Chair of the SOA Risk Management Task Force and the first Chair of the 3000 member Joint SOA/CAS/CIA Risk Management Section. He is a member of the board of ERM-II. He founded the International Network of Actuarial Risk Managers.  Dave is currently the chair of the Enterprise and Financial Risks Committee of the International Actuarial Association.
     Dave is a graduate of Lehigh University with a BA in Mathematics and a concentration in journalism.
  

Nicole Kim, FSA, MAAA – KPMG LLP, Chicago
     Nicole is a senior associate in the Life Actuarial Services group within Financial Risk Management.  She has almost seven years of varied experience in the life insurance industry and has performed advisory services to insurance and reinsurance companies.  Nicole has extensive experience in Solvency II documentation, Market-Consistent Embedded Value (MCEV) reporting process, actuarial modeling and financial reporting.  

Janice Knight, FSA, MAAA – Chief Pricing Actuary, Health Care Service Corporation
     Janice Knight is a divisional senior vice president in Chicago-based Health Care Service Corporation’s (HCSC) Actuarial Division.  The nation’s fourth largest health insurance company, HCSC operates the Blue Cross and Blue Shield plans in Illinois, New Mexico, Oklahoma and Texas, which together have more than 13 million members.  In her role, Janice oversees health insurance pricing for all of HCSC’s small, large and major national groups as well as individual policyholders.  In addition, she has played a crucial role in HCSC’s efforts to understand and implement provisions of the federal Affordable Care Act.  
     Prior to joining HCSC in 1995, Janice worked in Metropolitan Life Insurance Company’s Actuarial Division in Mount Prospect, IL, and as a consultant for Hewitt Associates in Lincolnshire, IL.   
     A highly recognized leader in her field, Janice has presented at several industry events, ranging from BlueCross BlueShield Association conferences to Healthcare Businesswomen’s Association meetings on topics ranging from actuarial issues to negotiating health reform.   Janice is a Member of the American Academy of Actuaries and a Fellow of the Society of Actuaries.
     Janice received her Bachelor of Science degree in Mathematics from Michigan Technological University in Houghton, MI, in 1980.  She attained her Fellowship in the Society of Actuaries in 1991.

Ashwini Vaidya, FSA, MAAA– KPMG LLP, Chicago
     Ashwini is a manager in KPMG’s Advisory Services practice with more than ten years of experience in the life insurance industry. She provides actuarial services, with primary focus on actuarial internal audit -the risk based peer review of the valuation life insurance and annuity liabilities, product development and pricing, financial reporting and of valuation and pricing processes.  She also partners with clients as they enhance their existing processes and policies, to help them develop appropriate controls, documentation and training to make changes that are meaningful in meeting their objectives.
     Ashwini is Vice Chair of the Actuary of the Future section, where she will focus on its podcasting and mentoring initiatives.

Bryan Ware, FCAS, MAAA, Director – Advisory, KPMG LLP
     Bryan is a director in KPMG’s Property and Casualty Actuarial Services practice. He joined KPMG in 2010 and is based in Chicago. He has more than 27 years of experience as an actuary, underwriter and consultant in the insurance and reinsurance field. 
     Bryan has worked extensively in commercial lines, holding senior-level positions in insurance and reinsurance companies. He has experience with many lines of business including workers’ compensation, general liability, asbestos and environmental liabilities, auto liability, umbrella, professional lines, property, inland marine, ocean marine and boiler & machinery. He has experience with treaty, facultative and alternative reinsurance, admitted and non-admitted insurance, as well as captives.
     In prior roles, Bryan has been Chief Pricing Actuary for a major reinsurance company, Chief Underwriting Officer for a reinsurance company and Senior Vice President at a major commercial insurer, in charge of pricing for large account property/casualty business, umbrella, E&S and various other lines.

Date:  Thursday, June 7, 2012    (Response deadline May 16)
Seats in Upper Box 530, rows 8-14.
Game begins at 7:10 p.m.

Location:  U.S. Cellular Field (New Comiskey Park)
333 West 35th Street, Chicago, IL 60616

Tickets are only $10 for exam participants and $10 for members of the Chicago Actuarial Association.  Other guest tickets are $20.  At the ballpark, all exam takers will get $15 in Comiskey Cash by presenting their original ticket of admission to the exam (for FAP modules, please bring proof).  Exam supervisors, proctors, and review class instructors will also get the $15 in Comiskey Cash by presenting a photo ID if their name is on Pat Pruitt’s list of exam volunteers and instructors.  Members and other guests will be responsible for their own cash expenditures.  Directions to U.S. Cellular Field are at http://chicago.whitesox.mlb.com/cws/ballpark/driving_directions.jsp 

PLACE:  Blue Cross and Blue Shield of Illinois
300 East Randolph Street
Chicago, Illinois
(Reception and dinner at the Fairmont Hotel, 200 N. Columbus Drive – ½ block away)

COST:  $115 with dinner, $95 without dinner
(Reduced rate for retirees, unemployed, full time students: $70 with dinner, $50 without dinner)

Workshops cover a variety of hot topics in each of the time slots.  Make your reservation online by Monday, March 5, 2012.  If you have questions, please call Pat Pruitt at 312-751-3392 or Bob Aronsohn at 312-653-5677.  This information, more speaker biographies, and subsequent updates are posted on this website.
 
Use this opportunity to fulfill some of your continuing professional development requirements.  You can earn more than 3 hours toward your annual AAA and SoA CPD requirements while you meet and network with other local actuaries face-to-face.

We welcome and encourage non-actuaries to attend our workshops because information covered is relevant to a wide range of work within the insurance and consulting industries.  Please share this announcement with others who may be interested. 

Suggested educational tracks are listed (in parentheses) beside each title:  Enterprise Risk Management (ERM), General, Financial Reporting, Health, Investment, and Life.

The SOA’s ERM Curriculum and Exam Committee, starting with the question, “What should a CRO or CFO know?”, is considering including MBA topics of strategic managerial accounting, organizational behavior, strategic planning, behavioral finance and relevant business cases in the 2012 CERA Pathway Changes & New ERM Options for FSA Syllabus.

B3:  MLR Regulation and Issues (Health)
Jim O'Connor, FSA, MAAA, Principal & Consulting Actuary, Milliman Inc. 
Insurers for the first time need to calculate medical loss ratios (MLRs) per the ACA regulations to determine whether or not they need to rebate premium to their insureds.  This session looks at the requirements of the MLR regulation and various issues related to the calculations.

B6:  Power Reading Mini-Lesson (General)
Allan Goldin
Power Reading will show your how to read 2, 3, 4 times faster with improved comprehension, better recall, and razor sharp concentration. Come to the lesson and learn how you can cut your reading time in half. Get better results on your Actuarial Test.  Guaranteed.

Rows of chairs are available for those who want to watch this presentation without dinner.

Dinner is optional.  The event fee is $115 with dinner, $95 without dinner,
Retirees, unemployed, and fulltime students get a reduced rate of $70 w/dinner, $50 without dinner). 
Make your dinner selection when you register online.  After you register, you will receive a payment link via E-mail.

SALAD:  Mixed Greens, Arugula, Poached Pear, Feta Cheese, Giabatta Crouton Garnish, Roquefort Vinaigrette

ENTRÉE (two choices, chicken or vegetarian):
(chicken) Seared Chicken Breast, Lemon, Garlic and Rosemary Orzo, Asparagus, Tomato Vinaigrette
     or
(vegetarian) Risotto Cake with Asparagus and Truffle Yaki Sauce

DESSERT:  Milk Chocolate-Caramel-Banana Tart, Chocolate Garnish, Caramel Sauce, Berries

Coffee & Tea