Third-party litigation financing (TPLF) is quietly turning the insurance world upside down by driving up claims, delaying settlements, and throwing a wrench into traditional reserving models. Our cover story by Jim Lynch, FCAS, MAAA, unpacks how TPLF fuels megaverdicts, distorts reserving models, and escalates claims unpredictability — all of which threaten the validity of actuarial assumptions. With insights from interviews with top actuaries, legal counsel, TPLF investors, and industry leaders, this article offers essential strategies to detect, price, and adapt to this emerging risk. If you’re seeking to future-proof your analyses and understand a force that’s reshaping loss triangles and legal trends, this is your must-read guide. Stay ahead of the curve — your next pricing decision could depend on it.
In our Volunteers Make Things Happen column you’ll meet Jonathan Lim, FCAS, MAAA, who is championing the strategic pillar of Enhancing the Candidate Experience in his work with the Syllabus and Examination Working Group and the Candidate Advocate Working Group.
We also have in-depth coverage of some of the most exciting sessions from the Spring Meeting in Toronto, Canada. Learn about North American catastrophes and how these secondary peril events are no longer secondary. Unpack how AI, while not a systemic single point of failure, amplifies cyber risk through increased attack frequency, severity, and data aggregation exposure. Find out how actuaries can benefit from — as well as be challenged by — the increasing presence of AI. Want to know more about developing sound actuarial judgment or developing rates for the severe convective storm peril in property insurance? Read on!
You will also have the chance to meet the candidates for the CAS Board of Directors. The Board is responsible for overseeing the organization’s strategic direction, governance, and overall performance. They set policies, approve major initiatives, ensure financial health, and uphold the Society’s mission to advance the practice and application of actuarial science. Learn more about the people who will shape the future of the CAS before you vote in August.
