Reputational Risk is a subject that should be of concern to all practicing actuaries. It not only affects you personally but reflects on your employer and the Casualty Actuarial Society itself. In this session we will start out by presenting guidance provided by the Office of the Comptroller of the Currency on Complex Structured Financial Transactions (CSFT). We will then introduce a brief case study on a reinsurance treaty with a commission that adjusts based on loss experience. Attendees will discuss questions, such as: Is the structure consistent with the CSFT guidance? What are the reserving actuary's responsibilities?
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