On Tuesday and Thursday afternoons, the ICA 2014 Scientific Committee is planning half-day limited attendance sessions (maximum 40) and off-site educational tours as an alternative to cultural and recreational tours. These will be available to ICA 2014 registrants at no extra cost and on a first-come, first-served basis.

Separate registration will be required. We will update this page of the website, and send information to ICA 2014 registrants, as the planning is complete for these events.

Tuesday, 1 April

Workshop: Ethics and Professionalism from an International Perspective with Case Studies

With the increasing globalization of business, more actuaries find themselves operating internationally, while still other may be without realizing it. This three-hour limited attendance session will consider implications of the IAA's Principles of Professionalism for actuaries practicing in these situations. This discussion will consider the Principles of Professionalism and application of International Standards of Actuarial Practice (ISAPs); the governance of international actuarial work; various codes of conduct around the actuarial world; the profession's response to business ethics; the need for continuing professional education and development; professional discipline; and the matter of the public interest. Attendees will participate in case studies and join in the discussion. Box lunch included.

Attendance at this workshop will be limited to 60 registered delegates.

Organized by: IAA Committee on Professionalism and American Academy of Actuaries Council on Professionalism
Location: Washington Marriott Wardman Park

Thursday, 3 April

Workshop: Bayesian Analysis Applications in Actuarial Science Using Markov Chain Monte Carlo (MCMC) Methods

This three-hour limited-attendance session is an introduction to Bayesian Analysis applications in Actuarial Science. It is targeted to practicing actuaries who may want to apply Bayesian Analysis in their work. The session will start with a review of Bayes Theorem and its role in Bayesian inference. There will be a discussion of the calculation of Bayesian posterior distributions using Markov Chain Monte Carlo (MCMC) methods. Convergence of MCMC algorithms will be discussed. Attendees will learn to use a popular software package, JAGS, to compute the posterior distribution. There will be examples of actuarial applications. Participants are expected to bring laptops with RStudio, JAGS and R (with the package "rjags") installed. Attendees will be assigned an actuarial application to analyze using material from the session. Box lunch included.

Presenters: Glenn G. Meyers and Curtis Gary Dean

Glenn Meyers, FCAS, MAAA, CERA, and Ph.D, recently retired from ISO after a 37 year career as an actuary. He holds a B.S. in Mathematics and Physics from Alma College, an M.A. in Mathematics from Oakland University and a Ph.D. in Mathematics from SUNY at Albany. A frequent speaker at Casualty Actuarial Society (CAS) meetings, he has served, and continues to serve the CAS and the International Actuarial Association on various research and education committees. He has also served on the CAS Board of Directors. He has several published articles in the Proceedings of the Casualty Actuarial Society, Variance and the Actuarial Review. His research contributions have been recognized by the CAS through his being a three-time winner of the Woodward-Fondiller Prize, a two-time winner of the Dorweiler Prize, the DFA Prize, the Reserves Prize and the Matthew Rodermund Service Award. In retirement he still spends some of his time on his continuing passion for actuarial research.

Curtis Gary Dean is the Lincoln Financial Distinguished Professor of Actuarial Science at Ball State University. He is a Fellow of the Casualty Actuarial Society and member of the American Academy of Actuaries. He worked for many years as a property and casualty actuary at American States Insurance and later at SAFECO. He also managed the creation of the Commercial Lines predictive modeling unit at Travelers Insurance in Hartford, CT. Gary has been an active contributor to the professional actuarial community through the Casualty Actuarial Society. His noteworthy contributions include Chair of the Examination Committee, first Editor-in-Chief for Variance: Advancing the Science of Risk, membership on the Board of Directors, and member of the Executive Council.

Location: Washington Marriott Wardman Park

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Thursday afternoon off-site educational tour:
U.S. Federal Insurance Office's Role in Global Insurance Supervision and Regulation

This three-hour limited-attendance session with staff of the U.S. Federal Insurance Office will explore current activities of the International Association of Insurance Supervisors (IAIS) and other insurance supervisory issues of importance. Discussion topics include:

• Designations of insurers and related policy measures
• Global Systemically Important Insurers (GSII's) designated by the Financial Stability Board
• Systemically Important Financial Institutions (SIFIs) designated by the Financial Stability Oversight Council
• Proposed Basic Capital Requirements and High Loss Absorbency Requirements for GSII's
• Development of a comprehensive framework of supervision for Internationally Active Insurance Groups including a risk-based global insurance capital standard

The dialogue will be with staff of the U.S. Federal Insurance Office, including Tom Finnell, Deputy Director, Regulatory Policy, and John Nolan, Deputy Director, Financial Stability.

This session will take place offsite at the Main Office of the U.S. Treasury Department, which is next door to the White House. All attendees must register for this session in advance and provide the following information no later than March 26 , 2014:

Full name (not initials), birth date, social security number, if a U.S. citizen or not, and if not, citizen of what country, and company or institution representing.

Box lunch included en route.