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Paper and presentation archive 2010

A Closer Look at Solvency II Seminar, 28 April 2010

A review of respective roles of the risk management and actuarial functions
Solvency II in Europe
An update on QIS 5
Reserving for Solvency II
IMAP. An overview
Addressing the data challenges of Solvency II
Management of annuity business
Disclosure in the new world
The actuary's role in ORSA
Documentation
A review of respective roles of the risk management and actuarial functions
Solvency II balance sheet
Good practice for internal models

Actuaries and the Law, 5 October 2010

Governance and rule changes
Insolvency insight - securing scheme liabilities on employer insolvency
Insolvency insight, chapter 11 & PPF insolvency events
Case update and the pilots decision
NEST update
Courage links, what is really required?
PPF drop ins and clearance – significant changes
Actuarial update - the challenges ahead.

Climate Change and Resource Depletion, 4 November 2010

Climate change and resource depletion - review of literature
A personal view of risk management in non-financial corporates, insurance and banking
How to eat an elephant

Current Issues in General Insurance (CIGI), 10 May 2010

BAS update
Internal model approval
Current issues in Ireland
Asbestos working party
Current issues at Lloyd's
Navigating uncertainty: climate change scenarios
The state of the reinsurance market
Better pricing needs better underwriting
Update from the FSA
Reserving under Solvency II

Current Issues in Life Assurance (CILA), 11 May 2010

Half-year reporting on the TAS regime
Advances in risk management and product innovation
The retail distribution review
Stress and scenario testing PS09/20 (effective Dec 2010)
Regulation by the Profession
Half-year reporting on the TAS regime: a BAS perspective
Regulatory requirements
Solvency II - indications from QIS5

Current Issues in Life Assurance II (CILA II), 1 September 2010

CRO roundtable - risk management challenges under Solvency II
Emerging risk
Solvency II update - where the industry is, and what is needed to be done in the next 12 months
The future for Mutual insurers
New product design challenges
TAS overview
The future for Mutual insurers
The future of the life insurance industry - a regulator's perspective

Current Issues in Pensions, 10 November 2010

A crisis of confidence
Longevity swaps
Legal update
TAS - practitioner's views and update from BAS
Alternative investments and discount rates

Current Issues in Pensions, 16 November 2010

TAS - practitioner's views and update from BAS
Legal update
Alternative investments and discount rates
Longevity swaps
PPF update
Crisis of confidence?

Current Issues in Pensions, 2 November 2010

PPF update
Legal update
Crisis of confidence?
Alternative investments and discount rates
Longevity swaps
TASs - impact on pensions advice

Current Issues in Pensions, 24 November 2010

Technical Actuarial Standards – Impact on pensions advice
Pension de-risking and longevity swaps
Legal update
Alternative investments and discount rates
PPF update
Crisis in confidence?

Current issues in pensions, 31 March 2010

Legal issues arising on closure to accrual
Pensions reform 2010

Current Issues in Pensions, 31 March 2010

Pensions reform 2010
Legal issues arising on closure to accrual

Current Issues in Pensions, 5 March 2010

The Actuaries' Code
The Actuaries' Code (Handout)

Current Issues in Pensions, 9 March 2010

Allowing for swaps in valuations
Update from the PPF on s143 valuations
2012 and all that
Liability and risk management
Regulation by the Profession
Allowing for swaps in valuations

General Insurance Pricing Seminar, 17 June 2010

Implications of TASs for pricing
Reinsurance pricing basics
PPOs: implications for pricing and reinsurance purchase
Everything you need to know about aviation pricing
Developments in risk modelling
Model monitoring in personal lines
Why should general insurers pay actuaries to help with pricing?
US trend sources and techniques for commercial lines classes
Aggregators - where does pricing go from here?
Pricing SME business
The influence of cross sector fraud on pricing
Seasonality issues and issues of the season
Winning with accurate pricing
Pricing impact of claims farming, credit hire and bodily injury
Competition - what does it do to your pricing models?

General Insurance Reserving Seminar, 28 July 2010

The TASs - where are they taking the reserving process
The practical aspects of Solvency II
Stochastic made simple
Performance testing
Third party working party
Periodical payments
What does a CEO want from an actuary?
The Amercian experience

GIRO Conference and Exhibition, 12 - 15 October 2010

PL5: Relying on others - the CRO perspective
A03: ERM for emerging risks in general insurance
A03: ERM for emerging risks in general insurance (PAPER)
C01: Crop microinsurance - tackling poverty - one insurance policy at a time
C02: Price change monitoring in the Lloyd's market
B01: Opening the black box: How actuarial algorithms work....
PL6: Behavioural ERM and the ORSA
C07: Limits to growth
D10: Measuring the value added by technical pricing techniques in commercial lines of business (slides)
GIRO 2010 Actuarial impact - rising to the challenge. Entire volume of papers
2010 General insurance conference. Complete volume of papers
PL4: Periodic Payment Orders
PL4: Periodic Payment Orders PAPER
D01: How the Actuarial Profession can improve its image
PL5: Relying on others - the CAT modelling agency's perspective
D09: Stress testing in a time of models
E07: Case studies in the application of relative entrophy to ESGs and catastrophe modelling (slides)
A02: Everything you wanted to know about the Solvency II balance sheet...
A05: Meaningful intervals - build a better bootstrap
B03: Equitas Part VII business transfer
B11: UK Asbestos working party update
C04: Third party motor claims
C06: Regularisation: An efficient and simple method for rating factor selection
C08: Solvency II balance sheets in simulation-based capital models
C10: Challenges for GI actuaries
D03: A link between the one year and ultimate perspective on insurance risk
D04: Strategic asset allocation and Solvency II
D07: A reality of the use test
D08: Current issues in Ireland
D12: The importance of assumption consistency...
E04: PPOs - be afraid, be very afraid
E06: Solvency II and long tail liabilities
E08: IFRS - all clear now? The future of insurance accounting - IFRS 4 Phase II (slides)
E10: Can we help? Banks: Reserving for bad debt
PL1: Current developments and pricing in the reinsurance market
PL2: Pre-application reflections from the practitioner and the reviewer
PL5: The consultant's perspective
PL6: Risk margins and technical provisions
PL7: The future: in space and on earth
A06: The actuary's role in the ORSA
B02: Being at the sharp end of an ARROW visit
B05: Price optimisation 2.0
B06: Defining the scope of your internal model
B06: Defining the scope of your internal model - Example Model
B10: How big is too big? A review of the application of the new tax rules for GI reserves
D06: Statistical quality standards? Correlations? Help!
PL1: Results of the ratemaking survey
PL2: Don't get court with your standards down
PL4: Solvency II reserving
PL7: Marine piracy
PL4: PPOs is this the next asbestos?
PL4: Third party motor claims
PL6: Pre-application reflections from the practioner and the reviewer
PL3: Rising to the challenge
PL1: Commercial lines pricing
A04: Calibrating dependencies
A07: Lloyd's update
A08: One year volatility and risk margins - the regulatory review
A11: Piracy
B04: Dealing with sparse data...
B07: UK motor insurance cycle
D02: Solvency II and technical provisions: Dealing with the risk margin
D05: Personal lines pricing: current issues and opportunities for 2011 (slides)
E03: Offshore energy insurance
C09: The modelling of reinsurance credit risk
C12: QIS5 current issues
D11: Proactive data-driven counter fraud: Mining for digital gold (slides)
E09: Reserving for Solvency II. What you need to be doing now!
PL7: Fraud as an emerging risk
E11: Solvency II risk margins - cooking up a storm?
PL2: The new standards landscape - have your say! Electronic debate submission
PL2: The new standards landscape - have your say!
PL2: The new standards landscape - have your say! Survey results
E05: Reverse stress testing
F01: Practical issues with implementing an ERM framework
A01: The TASs in practice
C03: Data in the context of Solvency II: an example
B08: Pricing risk excess reinsurance
B09: The fall and rise of the standard formula
E02: Enhanced GLMs and vehicle grouping
General Insurance Convention (GIRO) papers 2010

GIRO Conference and Exhibitions 2011

Free market GIRO working party paper 2007/2008

Health and care conference 2010

The health of income protection, today and tomorrow
Understanding medical tests and how to use them
Using tele-interviewing in health insurance - the business rational
Health insurance and Solvency II
Who will pay for long term care? Navigating towards a sustainable solution for long term care in the United Kingdom
Update on professional standards
Assessing insurer underwriting, claims standards and philosophy during a reinsurance tender
Private medical insurance developments in Ireland
Mortality in the under 40's: a deadly cocktail of drink, drugs and stress?
Critical illness: learning from experience
Healthcare: the future
Exclusions: a closer look at the small print
Enough about critical illness trends (what about a cycle?)
The green paper on "Shaping the future of care together" - where to next?
The impact of the economy on life and health
Seeing the heart of the matter - advances in cardiac imaging and the insurance industry
Data driven group business: how insurers can support change in the employee benefits market
Launching a new product into an established market
Stress under pressure and thinking correctly under pressure
The green paper on "Shaping the future of care together" - where to next?
Understanding catastrophe risks
The principles of the health reform discussions in China, the United States and South Africa
The green paper on "Shaping the future of care together" - where to next?
What is the real impact of smoking bans?

Highlights of the 2009 Life Conference 2010

Retail distribution review: the where, what and why

Highlights of the 2009 Life Conference, 23 February 2010

Longevity risk: Issues to be considered
NEST (Personal Accounts). Understanding the impacts on insurers
How insurers survived the financial crisis - a reviewing actuary's perspective
GAR compromise scheme
Myths about Solvency II
GAR compromise scheme
Lessons learned from Lehmans
Economics update

Highlights of the Pensions Conference, 23 September 2010

Discounting pensions cash flows for accounting valuations
Employer covenant 2006 to 2010
Highlights from plenary 2: improving reputation and influence
How long are we going to live?
The risky side of life
Highlights from plenary 3: our changing world and a pensions TAS update

Highlights of the Pensions Conference, 30 September 2010

Non-cash asset funding strategies for pension schemes
Employer covenant assessment
The role of the chief pensions officer
The role of the chief pensions officer additional material 1
The role of the chief pensions officer additional material 2
The risky side of life
Highlights from plenary 3: our changing world and a pensions TAS update
Highlights from plenary 2: improving reputation and influence

International Congress of Actuaries, 3 October 2010

Mortality by cause of death and by socio-economic and demographic stratification

Life conference and exhibition 2010

A3: Towards real time valuation - the Scottish Friendly experience
B01: Life and Longevity Markets Association
B10: When you can't diversify how can you divest?
D01: 10 years in Asia - a practical guide to working overseas
E03: Market data challenges for Solvency II
E4: HIV - yesterday's insurance pandemic?
F03: Application of extreme value theory to risk capital estimation - Part 1
F03: Application of extreme value theory to risk capital estimation - Part 2
E11: New ways of working - finance transformation
B07: Effective management of persistency experience
D05: Project management - a skill for the good times?
D02: What keeps CEOs awake at night
F05: The challenges and rewards of policy outsourcing
A06: Operating model changes following the retail distribution review
B03: Measuring and modelling dependencies in economic capital
C08: Compliance with Solvency II internal model tests
C09: A practical beginners guide to managing operational risk
C10: Risk management , hedging and product design in a with-profits fund
D07: Your voice as a weapon of persuasion
A08: Mortality projections and Solvency II
C01: Counterparty risks within groups
B09: Solvency II - practical challenges of implementing the documentation test
C06: Do enchanced annuities damage the market? An investigation into residual standard mortality
E02: Aggregation techniques for Solvency II: a practical example
B11: How to really make sense of enterprise risks?
A11: A basic guide to Solvency II
Critical illness: learning from experience
A07: QIS5
F04: Postcodes: healthy, wealthy and wise?
A03: Towards real time valuation - the Scottish Friendly experience
A12: Underwriting and claims: do the AFH/FD/CRO really understand the risks involved?
E07: IMAP update
F06: With-profits mutuals: the fight for survival
C04: All I want for Christmas is... accurate, complete and appropriate data
A10: Making sure actuaries don't choke on their free lunch
A09: An introduction to the practical challenges of managing operational risk
F10: The implications of QIS5 for UK companies
C07: Practical aspects of premium reviews
B04: Learning from experience: how to understand policyholder behaviour
E05: Life at Lloyd's
E08: The TASs in practice
E01: With-profits in the new decade
A01: With-profit funds' investment strategies
C03: Who will win the premier league?
F09: Enhancing reporting timescales
B08: Taxation in a Solvency II world
B05: Issues in unit-linked fund governance
B12: The UK life market in 2010 and beyond - a rating agency perspective
A02: How bad can it get? Modelling extreme events
D12: Who should do an MBA?
E06: Longevity risk management - how good a hedge is good enough?
HT01: Insurance accounting: Phase II and implications
HT02: Differentiation or discrimination?
HT03: Insurance stress testing
HT04: Yield curve dynamics and implications for insurers
HT05: Solvency II update
B10: When you can't diversify how can you divest?
E04: HIV - yesterday's insurance pandemic?
B02:Contingent capital in a post-Solvency II world
B06: CEIOPS and FSA internal model guidence so far and to come
F11: Meeting the challenges of developing an internal model
D03: Close calls: when to say yes and when to say no
C12: Solvency II - a rating agency perspective
F12: IFRS phase 2 - friend or foe?

Momentum conference 2010

B01: Why should banks have all the fun?
B03: What will a pension scheme look like in 20 years?
C04: Longevity market transactions - a user's guide
D05: Annuity risk transfer market - a fad or here to stay?
E01: Life as an actuary in an investment bank
E02: Solvency II and technical provisions - what you need to be doing now!
C02: Enhancements to risk modelling for personal lines pricing
C03: IFRS 4 Phase II - proposals and their impact on the life insurance industry
E04: Cutting edge solutions for pension schemes
PL2: Update on professional standards
W4: How to become a confident networker
A03: Solvency II - a business and regulatory perspective
A04: I intend to live forever: so far so good
D04: All change - a legal perspective
A01: Thinking the long finance: what could really be done about short-termism?
B02: Key challenges: reflections from the FSA
B05: Solutions for distressed schemes and sponsors
D03: How ERM can make you a savvy actuary
D02: Solvency II IMAP
Pl3: The climate change industrial revolution - does it matter to actuaries and the Actuarial Profession
Pl3: The climate change industrial revolution - does it matter to actuaries and the Actuarial Profession
A2: The crowded market
C1: The investment implications of Solvency II
C5: Critical illness - this is your life?
D1: Discount rates: who needs them?
E5: Life, the universe and the completely random

Momentum Conference 2010

A05: Products of the future

Mortality and longevity seminar, 17 March 2010

Modelling multi-population mortality with cohort effects
Grouping postcodes by mortality. What are the challenges?
Emerging insights from Club Vita
An uncertain baseline: credibility of mortality experience
Whither human survival - the shape of things to come
New possibilities in moving from individual patient records to assumption setting
Update on the latest work of the CMI

Networking evening: Instant underwriting in a world which won't wait, 18 February 2010

A changing marketplace

Networking Event: ERM Guide, 20 April 2010

The new ERM Guide
Actuaries and ERM
Source of uncertainty at each stage of programme life cycle: uncertainty levels dimish progressively

Networking Event: Positive Leadership, 6 December 2010

Networking event: positive leadership
Networking event: positive leadership - ABC lingerie 1
Networking event: positive leadership - ABC lingerie A
Networking event: positive leadership - Abraham Lincoln
Networking event: positive leadership - Explanatory style
Networking event: positive leadership - Good things come in threes
Networking event: positive leadership - Optimism checklist
Networking event: positive leadership - The wheel of life

Open forum on Irish issues, 23 February 2010

Regulator update
Irish presentation

Open forum: a one in two hundred or a one in 10 year event? 9 March 2010

Risk and the financial crisis: Why we should look at the data rather than make excuses about 'tsunami' events
2008 - a year in 200?

Open Forum: Discount Rates, 23 March 2010

Discount rates forum, 23 March 2010. Complete set of slides

Open forum: discounting pension cashflows for accounting valuation. 30 March 2010

Discounting pension cashflows for accounting valuations. Accounting themes
Comparison to other areas of accounting
Pensions are different from insurance. Should that matter in accounting?
Discount rate project: should discount rates differ?
Discount rate project: should discount rates differ?
Pensions are different from insurance. Should that matter in accounting?
Discounting pension cashflows for accounting valuations. Accounting themes
Comparison to other areas of accounting

Open Forum: is High Inflation Inevitable, 12 April 2010

Is high inflation inevitable?

Open Forum: Joint Event with the IPF: Property Investment Past, Present and Future, 18 October 2010

Overview
Property future
Property past trends

Open Forum: Latest Developments in Longevity Hedging for Pension Schemes, 13 October 2010

Open forum: latest developments in longevity hedging for pension schemes
Banks perspective, Chris Watts
Latest developments in longevity hedging for pension schemes

Open Forum: Market-Consistent Valuations and Solvency II: Implications of the Recent Financial Crisis, 16 July 2010

Open forum: market-consistent valuations and Solvency II: implications of the recent financial crisis - Presentation
Open forum: market-consistent valuations and Solvency II: implications of the recent financial crisis - Speech
Open forum: market-consistent valuations and Solvency II: implications of the recent financial crisis (mp3 sound file)

Open Forum: Market-Consistent Valuations and the Implications of the Recent Financial Crisis, 16 September 2010

Open forum: market-consistent valuations and Solvency II: implications of the recent financial crisis - Paper

Open forum: Mortality projections - the latest CMI model and discussion of current practice 9 December 2010 and 19 January 2011

The latest CMI model and discussion of current practice (slides from 9 Dec 2010/19 Jan 2011 open forum)
Latest CMI mortality projections (Mp3 sound file)
Mortality projections - the latest CMI model and discussion of current practice (slides from 9 Dec 2010/19 Jan 2011 open forum)

Open Forum: Non-Bank Lending. 4 March 2010

Loans. An asset class overview
Non-bank lending
Presentation for the open forum on non-bank lending

Open Forum: Sovereign Debt Risks: Devaluations and Resultant Economic Impacts - UK and Greece, 18 June 2010

Six fiscal options

Open Forum: the Actuarial Function Under Solvency II, 1 December 2010

The actuarial function - what is the point?
A company perspective
Functional analysis

Open Forum: The Influence of Pensions Risk on Equity and Bond Prices, 5 July 2010

Do equity returns reflect pension risk?
Corporate bond spreads, equity volatility and pension funds
Pension deficits, credit spreads and corporate bond returns

Our changing future open forum, 15 April 2010

A holistic framework for life cycle financial planning

Oxford and the Actuarial Profession: the Secret Mathematicians, 10 November 2010

Oxford and the Actuarial Profession: the secret mathematicians. Marcus du Sautoy (slides)

Pensions and Corporate Finance Seminar, 17 February 2010

The corporate finance view - pensions and effective ERM
Implications of how analysts assess pension risk
Do financial markets take account of pension risk?
The regulator's view - responding to pension risk in the UK economy
The trustee's view - making the most of the company account.

Pensions and Other Employee Benefit Issues in Mergers and Acquisitions, 26 October 2011

Pensions and other employee benefit issues in mergers and acquisitions

Pensions Conference, 9 - 11 June 2010

De-risking solutions are everywhere - but what is the impact on the sponsors?
So you think you know the new TASs
Changing course - do employers need trustee consent for future service changes?
Influencing change
Governance and building a community
Pensions 2012 - are you ready?
NEST
Exposure draft. Defined benefit plans (Slides)
Legal update
Trustee investment
Discounting pension cashflows for accounting valuations
Your disciplinary scheme and how it affects you
How long are we going to live?
Discover the secrets of outstanding the networkers
Pensions TAS update
Higher earner pensions tax
Improving best practice workshop
Non-cash funding for pensions schemes
Longevity swaps
Climate change and resource depletion
Update from the PPF
Top 10 pensions papers you should read - additional material
What do trustees want from their actuary?
How long are we going to live? Insights on the past and future
Employer covenant
Advisors
Funding in a LDI world
Influence of actuaries in government
Top 10 pensions papers you should read
The risky side of managing life. Managing longevity risk
Risk reduction or planning your route by buy-out

Pensions, Benefits and Social Security Colloquium 2011

White Paper - Government Facilitated Retirement Income Plans

Professionalism: a matter of principle...?, 18 November 2011

Professionalism: a matter of principle...?

Risk and Investment Conference, 13 - 15 June 2010

Construction of efficient stock market indices
Characteristics of different risks working party [slides]
Pension fund governance - a CEO's view [slides]
CPD and Actuaries' Code update [slides]
Pricing and trading of limited price indexation (LPI) swaps
Lessons we have learned regarding risk management modelling [slides]
Enterprise risk from the view of the investor working party
Reconciling different risk measures working party
Update from the Actuarial Profession [slides]
ERM for strategic and emerging risks working party [slides]
Risk adjusted performance measurement working party [slides]
Extreme events: robust portfolio construction in the presence of fat tails [slides]
Macroeconomic scenarios: a frequency domain approach [slides]
Financial crisis [slides]
Impact of behavioural finance on investment [slides]
Impacts of regulation and market turbulence on annuity fund investment strategies working party
Excess volatility revisited [slides]
Real life case studies of professionalism issues [slides]
Regulatory frameworks - lessons learned from the crisis and potential implications for long-term investors [slides]
Sovereign credit risk [slides]
Risk and compensation [slides]

Risk and Investment Conference, 13-15 June 2010

Pricing and trading of limited price indexation (LPI) swaps [VBA code spreadsheet]

TAS Awareness Seminar, 17 July 2010

Pensions

TAS Awareness Seminar, 21 June 2010

Life / Health and care
General insurance
TAS overview

The End of Pension Scheme-Liability Management, 2 December 2010

Longevity bonds
FAS valuations
PL04: Trustees perspective 1
Investment, the Pension Protection Fund
Ensuring scheme data is fit for purpose
Transferring schemes to PPF
De-risking
Trustee perspective 2
Current legal issues
The actuarial function
Functional analysis
PL03 A company perspective, Kevin Bogue

Using Term-Dependent Assumptions for Pension Scheme Valuations, 30 June 2010

Using term-dependent assumptions for pension scheme valuations

Variable Annuities: Bridging the Divide, 17 September 2010

Global perspective
B02: Hedge instruments - from vanilla to exotic
Analyst's perspective
A01: Economic scenarios generator
Product developments: past, present and perfect?
Regulation and regulatory developments
A02: Complementary and competing products
B01: Operations, governance and infrastructure
Solvency II impacts, implications and opportunity for VA