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Paper and presentation archive 2007

CMI critical illness investigation
Investment strategy for pensions actuaries. A multi asset approach

CILA Re-run seminar 2007

Issues relating to the implementation of PS06/14 - a perspective from a firm (handouts)

Conflicts and other legal pitfalls for actuaries : Seminar, Staple Inn, 18 September 2007

Legal pitfalls for actuaries (handouts)

Current issues in funding seminars, Autumn 2007

Mortality experience - the CMI SAPS investigation (handouts)
The role of the Actuary (handouts)
Regulating pension scheme funding (handouts)
Regulating pension scheme funding (handouts)
Legal issues (handouts)
The role of the Actuary (handouts)
Legal issues (handouts)
Scheme funding: legal issues (handouts)
The PPF in practice (handouts)
Regulating pension scheme funding (handouts)
Regulating pension scheme funding (handouts)

Current Issues in General Insurance seminar 2007

General Insurance Board Update (handouts)
Uncertainty in an underwriting environment - pricing, capital and reinsurance (handouts)
Current issues in general insurance in Ireland (handouts)
Part VII transfers - fair or foul?
Current issues in general insurance in Ireland (handouts)

Current issues in healthcare seminar, 12 December 2007

Current issues in healthcare: the future for CI and IP. One-day seminar, 12 December 2007. Opening address

Current issues in healthcare, 2007

CMI Critical illness investigation

Current issues in healthcare: the future for CI and IP

Will it all end in tiers?

Current issues in healthcare: the future for CI and IP seminar, 12 December 2007

The future of critical illness (handouts)

Current issues in Healthcare: the future for CI and IP seminar, 12 December 2007

The future for IP and CI - The customers viewpoint (handouts)

Current issues in healthcare: the future for CI and IP, 12 December 2007

New CI tables: critical feedback on our table (handouts)

Current issues in healthcare: the future for IP and CI seminar, 12 December 2007

ICA considerations for IP and CI (handouts)
Income protection taskforce (handouts)
ICA considerations for IP and CI (handouts)

Current Issues in Life Assurance seminar, May 2007

Issues relating to the implementation of PS06/14 - a perspective from a firm (handouts)
Report of the Management Actions Working Party (handouts)
Mortality projections
Report of the Management Actions Working Party (handouts)

Current Issues in Life Assurance seminar, September 2007

Pandemics Working Party update (handouts)
Part VII FSMA. Current issues and the role of the statutory gatekeeper (handouts)
Credit and counterparty risk (handouts)
Embedding risk management (handouts)

Current Issues in Pensions seminar, Spring 2007

Investment banking products

Defined contribution seminar, 8 May 2007

DC scheme design (handouts)
DC investment options (handouts)

Derivatives seminar, 15 October 2007

Effective execution and on-going valuation of derivatives (handouts)
New product opportunities and managing the risks
Hedging case study - interest rate risk in Equitable Life (handouts)

Finance, Investment & Risk Management networking evening, 22 February 2007

Absolute return strategies for funds with defined liabilities [mp3 sound file]
Absolute return strategies. A pensions perspective
Absoute returns strategy for with profit fund

Finance, Investment and Risk Management Conference 2007

Applied behavioural finance. Insights into irrational minds and markets (handouts)
The mis-selling of investment risk in mandatory pension savings (handouts)
To what extent does a conflict exist between risk management that benefits regulators compared to risk management that benefits shareholders?
To what extent does a conflict exist between risk management that benefits regulators compared to risk management that benefits shareholders? Model
Understanding the risks in new asset classes
Presentation by the Practical implementation of Liability Driven Investment Working Party (handouts)
Extract from 'Credit Derivatives' prepared by the Derivatives Working Party of the Faculty and Institute of Actuaries
The credit spread puzzle ... the liquidity premium and implications for annuity business
Practical implementation of liability driven investment
Managing longevity and mortality risk in pension plans

General Insurance Convention 2006

Catastrophe risk aggregation (slides)

General Insurance Convention 2007

What does Solvency II mean for UK companies?
Reserving: Making allowance for terms and conditions and other coverage issues (handouts)
Report of the UK Flood Risk Working Party (handouts)
How life can go badly wrong and what lessons we can learn. Or, pricing, reserving, uncertainty and professionalism using some real data
Effectiveness of Reserving Methods Working Party (handouts)
Best estimates and reserving uncertainty
The EU Equality Directive and how it impacts actuaries (handout)
Reinsurance counterparty credit risks (handouts)
Report of the UK Asbestos Working Party II (handouts)
Solvency II - QIS 3 and beyond
Enterprise risk management (ERM) Working Party Report
Granular reserving - making best use of your claims and policy data (handouts)
Practical experience with GN12 (handouts)
The claims actuary (handout)
General Insurance Reserving Oversight Committee Update (handout)
Reserving Oversight Committee. The implications of the underwriting and reserving cycles for reserving (handout)
Claims reserving including count data
General Insurance Premium Rating Issues Working Party (GRIP) Update (handout)
IASB accounting proposals and actuarial practice (slides)
Solvency 2 (slides)
Solvency II - European update (handout)
Solvency II - much achieved, but lots more to do (handout)
Continuing Professional Development (handout)
Is the insurance industry well served by rating agencies? (handout)
Estimating IBNR from year of account projections (handout)
Schemes of arrangement (slides)
Wider use of GLMs (slides)
Casualty catastrophes - how well do you know them? (handout)
Catastrophes - recent legal developments and implications (handout)
Defining risk appetite (handout)
Financial reporting - business implications of IFRS Phase 2 (slides)
Internal capital assessment (ICA) model validation: more than just passing the use test (handout)
Matching investment strategies in general insurance - is it worth it? (handout)
Pricing excess aggregate limits for large professional indemnity programmes (handout)
Recent trends in mergers and acquistions (handout)
The current latent claims landscape (slides)
General Insurance Board Report (handout)
Implications of climate change for general insurance (handout)
The future of GIRO (handout)
ASTIN 2008 (handout)
Education. Surely not more changes? (handout)
How claims can work for you (handout)
Irish issues (slides)
Open source internal capital assessment (ICA) model (handout)
Periodical payments, Ogden 6 and the impact on UK insurers (slides)
Practical solutions to common pricing pitfalls (handout)
Reserving through the soft market. How can actuaries do better this time? (slides)
Developments in price optimisation (handout)
Lemur Insurance Company case study in operational risk: the elephant in the room (handout)
Operational time stochastic reserving method (slides)
Price monitoring for commercial insurers (handout)
Risk margins in reserves - what's going on and who is doing it? (handout)
The model underlying Solvency II (slides)
CAS: Enhancing the reputation of Casualty Actuaries (handout)
Guidance developments for general insurance actuaries in the United States (handout)
Practical implications of IFRS Phase II (handout)
Predictive modelling (handout)
Tradable catastrophe risk: a new protection strategy (slides)
An inconvenient uncertainty (handout)
Internal capital assessment education and guidance. Update from the ICA WP (handout)
Presidential address (handout)
The role of the actuary (handout)
Solvency II - European update (handout)
Solvency II - much achieved, but lots more to do (handouts)
Issues in islamic finance and (re) takaful business (handout)
Lloyd's issues (handouts)
The modelling of reinsurance credit risk (handout)
Catastrophes - recent legal developments and implications (handout)
Defining risk appetite (handout)
Financial reporting - business implications of IFRS Phase 2 (slides)
Internal capital assessment (ICA) model validation: more than just passing the use test (handout)
Up close and personal (handout)
Report of the UK Flood Risk Working Party (handouts)
Enterprise Risk Management (ERM) Working Party Report
Practical experience with GN12 (handout)
Solvency II - QIS and beyond
Enterprise risk management (ERM) framework and perspective
The impact of climate change on non-life insurance
Reinsurance counterparty credit risks. Practical suggestions for pricing, reserving and capital modelling
Reinsurance counterparty credit risks. Illustrative model for quantifying RCCR exposures using 'Default Intensity Curves'
The modelling of reinsurance credit risk

General Insurance Convention 2008

The case of the credulous actuary: Rediscovering the importance of judgement (handout)

Healthcare Conference 2007

Healthcare reserving survey - initial results (handouts)
Illustrative health and care issues in a hypothetical moderate pandemic
A plan from the Pru (handouts)
Healthcare protection - a market view (handouts)
A commissioning led NHS (handouts)
Modelling the effects of treatments for heart disease (handouts)
Healthy ageing in the UK and Europe: a perspective (handouts)
Credibility theory in the UK PMI market - theory, applications and advice (handouts)
Health in old age. What can healthy life expectancy tell us about our state of health and how it used to be? (handouts)
Health in old age. What can healthy life expectancy tell us about our state of health and how it used to be? (handouts)
CMI Critical illness investigation. Learning from experience
Illustrative health and care issues in a hypothetical moderate pandemic
Disability-linked annuities ... under-rated tools for meeting LTC needs? (handouts)
Quickly, safely. The challenge of modern underwriting (handouts)
The Law Commission's Insurance Contract Law Review. Pre-contract information and warranties (handouts)
An introduction to NICE (slides)
Illustrative health and care issues in a hypothetical moderate pandemic
A convenient truth (handouts)
A plan from the Pru (handouts)
World product innovation in health products (handouts)
The future of the NHS (handouts)

Highlights of the 2006 Life Convention seminar

Risk: Measures in place to manage? (handouts)
The impact of A-day and personal accounts on the pensions landscape (handouts)
European embedded value - implementing market consistent at AXA (handouts)

Investment Strategy for Pensions Actuaries 2007

Investment strategies for DC members - beyond lifestyle (handout)

Investment strategy for pensions actuaries seminar, 16 January 2007

Is LDI (liability driven investment) the answer? (handouts)
A day in the life of a hedge fund manager (handouts)
Liability driven investing. Top down or bottom up? (handouts)
Liability driven investing. Top down or bottom up? (handouts)

Life Convention 2007

The winds of change. Implications of climate change for businesses 1 (handouts)
Capital and risk integration - the convergence of Pillar 3 Regulatory Requirements, Market Disclosures and Best Practice Risk Management (handouts)
Bulk annuities. An update on the year and an annuity back-book cedant's view (handouts)
Reinventing analysis of surplus
MCEV [market consistent embedded values] - Where next
IASB Accounting Proposals and Actuarial Practice (handouts)
Using MCEV [market consistent embedded value] and economic capital to manage your business

Life insurer taxation seminar, 15 June 2007

Case studies: answers
Case studies: data pack
Papers presented at the seminar
Case studies: questions

Life office taxation seminar, 13 September 2007

Papers presented at the seminar

Lloyd's and the London Market seminar, 27 July 2007

Lloyd's minimum underwriting standards and price monitoring (handouts)
Pricing excess aggregates using increased limits factors, with examples from professional indemnity lines
Practical experiences in stochastic reserving
Performance information packs

Lloyds and the London Market seminar, 27 July 2007

Capital and solvency II (handouts)
Capital and solvency II (handouts)
Embedding technical pricing (handouts)

Mortality and longevity seminar, 26 April 2007

Communicating to trustees (handouts)
Self-administered pension scheme (SAPS) investigation (handouts)
Communicating to trustees (handouts)
Population mortality and projections (handouts)
CMI mortality projections (handouts)
CMI mortality investigations (handouts)
Mortality and longevity securitisation (handouts)
Communicating to trustees (handouts)
Smoothing and forecasting mortality rates with P-splines (slides)

Mortality and longevity seminars, April 2007

CMI Mortality investigations
SAPS investigation

Open forum on the credit crunch: Practical consequences for actuaries, 10 September 2008

Credit crunch: Practical implications for life insurance actuaries

Part VII transfers seminar 2007

Part VII portfolio transfers: designing the scheme - the legal perspective (handout)
The FSA's approach to Part VII transfers (handout)
Structuring the transfer: the company's objectives (handout)
The role of the independent expert (handout)

Part VII transfers seminar, 6 July 2007

The role of the independent expert

Pension scheme termination - PPF and wind-up seminar, November/December 2007

Current issues in wind-ups (handouts)
Current buyout market (handouts)
How to calculate PPF compensation (handouts)
S143: what are actuaries doing wrong (handouts)
How to do a S143 valuation (handouts)
PPF overview. Step by step guide to the PPF assessment period (handouts)

Pensions Convention 2007

Stepping stones on the road to buy-out (handouts)
Pitfalls and current issues in employer covenants
You are the weakest link (Handout)
How shared risk schemes can re-energise occupational pensions in the UK (handouts)
Alternative assets (handouts)
Mortality - where we are and where we're going
Ways of mitigating risk in pension schemes (handouts)
Pensions - the next 13 years (handouts)

Pensions M&A seminar, 17 October 2007

The role of the professional trustee in corporate transactions (handouts)
The clearance process and guidance (handouts)
Advising trustees in M&A situations (handouts)
Advising trustees in M&A situations (handouts)

Putting economics into pension funds seminar, 26 June 2007

Advising pension trustees - funding and recovery plans (handouts)
Structured products, credit derivatives and pensions (handouts)
Pensions accounting and the impact on investors. Proper understanding of financial statements (handouts)
Pensions accounting and the impact on investors. Proper understanding of financial statements (handouts)

Risk Management Special Interest Group (RMSIG) Event 3 December 2007

Credit risk monitoring as part of the wider regulatory regime (Handouts)
The modelling of reinsurance credit risk (Handouts)
Traditional and structured credit (Handouts)

Risk Management Special Interest Group (RMSIG) Networking Evening, 17 April 2007

We are all risk managers now? (and how we are going to achieve it). [mp3 sound file]

Risk Management Special Interest Group (RMSIG) networking evening, 17 April 2007

Developing the profession's risk management vision
The convergence of regulation and risk management

Risk Management Special Interest Group (RMSIG) networking evening, 24 January 2007

Saving collective pension funds by risk management and redesign. [mp3 sound file]
How the integration of insurance and banking techniques and thinking can add real commercial value

Share options seminar, 10 December 2007

Expert witness: considerations, challenges and issues (handouts)
Share-based reward (Handouts)

UK wrap seminar, 23 January 2007

Suits you? A bespoke concept using an off the peg solution? (handouts)
Wrap-focus on distribution. A very personal view (handouts)