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Paper and presentation archive 2012

Networking Event Environmental Change Opportunities for Actuaries

ERM, Resources & Environment

Actuaries and the Law

Apportionment arrangements
Protecting yourself in Cyber space
Statutory Employer
Professional Neglience
An independent trustees view
Case Law Update

Brian Hey Prize - GIRO 2012

Brian Hey Paper - The financial crisis
Brian Hey Prize - Reserving on a contract-by-contract basis
Brian Hey Prize - Reinsurance structure and shareholder value
Brian Hey Prize - Practical Issues in the Solvency II Internal Model Approval Process (IMAP) for General Insurance Actuaries 08/2012
Brian Hey Prize - Game Theory in General Insurance
Brian Hey Prize - Catastrophe Model Blending
Brian Hey Prize - Capital Tranching: A RAROC Approach to Assessing Reinsurance Cost Effectiveness
Brian Hey Prize - Back-Testing the ODP Bootstrap of the Paid Chain-Ladder Model with Actual Historical Claims Data

CILA II, 4 October 2012

FRC and actuarial standards changes
Update on the economy and the Eurozone's potential outcome
The wider regulatory horizon
Investment strategies for annuity writers and pricing implications
FSA update

Coherent asset allocation in the presence of stress events

Coherent asset allocation in the presence of stress events

CPD Networking event on Irish Issues: Current developments and challenges in the general insurance market

Regulatory Update
Irish Domestic Market

Current Issues in General Insurance (CIGI), 10/05/12, RCP London

A4 Recent developments in Pillar 3
A3 & B3 PPO's - results and issues from the 2011 working party
A1 & B1 Update from Lloyd's on Capital, Reserves and Solvency II
Plenary 3: TAS - Apractitioner's approach
Plenary 6: What’s happening in Europe – An Economist's View
A2 & B2 Solvency II Technical Provisions
Plenary 1 The catastrophes of 2011 and their impact on 2012
Plenary 2: So what do investment analysts really think of the P&C Industry?

Current Issues in Life Assurance (CILA) 2012

Insurance accounting: a new era?
Life on the other side
PS12/04 - Business as usual?
Solvency II - Pillars 1, 2 and 3 update
Solvency II hot topic
Resolution planning and Living Wills for insurance companies
CMI Life office data submissions
RDR - ready?

Current Issues in Pensions

PPI

Current Issues in Pensions, Birmingham

Hot Topics: Auto-enrolment
Funding regime – is it fit for purpose?
Current legal issues
Disciplinary Scheme
PPF - an update
Economic Outlook

Current Issues in Pensions, Bristol

Longevity management
Conflicts of interest update from the working party
UK pensions and Europe
Current issues in employer covenant
Current issues in employer covenant
Investing in today's economic climate

Current Issues in Pensions, Edinburgh

Longevity Management
Current issues in employer covenant
UK pensions and Europe

Current Issues in Pensions, Glasgow

Current legal issues
PPI
Disciplinary Scheme
Auto-enrolment - lessons learned
PPF
Economics – what next
Funding regime – is it fit for purpose?

Current Issues in Pensions, Leeds

Economics – what next
Current legal issues
Disciplinary Scheme
PPI
Consulting hot topics
PPF
Funding regime – is it fit for purpose?

Current Issues in Pensions, London

Longevity management
Current issues in employer covenant
Conflicts of interest update from the working party
Investing in today's economic climate
Effective decisions
UK pensions and Europe
Disciplinary Scheme
Auto-enrolment lessons learned
Economics – what next
PPI
Funding regime – is it fit for purpose?
PPF
Current legal issues

Current Issues in Pensions, Manchester

Longevity management
UK pensions and Europe
Investing in today's economic climate
Conflicts of interest working party update
Effective Decision Making

Environmental Change Opportunities for Actuaries

Managing Liabilities of Carbon Capture and Storage

General Insurance: Capital Modelling Seminar

Model validation: a lot of pain for very little gain
Is it too easy to criticise capital models or do we not criticise them enough?
Misadventures in Dependencyland

GIRO 2012

Third Party Working Party Report

GIRO Conference and Exhibition 2012

Plenary 1: Mind the gap
Plenary 5: Cyclophilia: an analyst's view of the pricing cycle
Plenary 6: A practical guide to building your own teepee
A05: What lies beneath: the unseen cost and risk in actuarial data
B02: The financial crisis: risk transfer, insurance layers and (no?) reinsurance culture - paper
B02: The financial crisis: risk transfer, insurance layers and (no?) reinsurance culture
C02: Catastrophe model blending: practicalities - paper
C04: Embedding Solvency II into business as usual for general insurance - paper
C04: Embedding Solvency II into business as usual for general insurance
C06: Towards optimal reserving: best practice in the new world
C09: Reinsurance evaluation using capital tranching
D01: Economic capital modelling in emerging market
D03: Individual claim development methodology
D09: Quantifying operational risk: a new monograph from Chapman & Hall
E02: Analytics: a transatlantic comparison
B04: IFRS 4 for beginners: everything you ever wanted to know but were afraid to ask
B09: Validating internal models: the Swiss experience
D08: Growth markets, their exposure to catastrophe risk and challenges to modelling
A02: Global reinsurance: 2012-2013 rating agency review and outlook
C10:Headline news: 'Actuarial Function' to get a capital A and F
E05: Undertaking specific parameters (USPs): latest developments
Plenary 1: Are investors interested?
Plenary 6: Reserving on a contract-by-contract basis - paper
A01: Global statistics from the International Union of Marine Insurance Facts and Figures Committee
A08:Inflation risk: beyond the one-year horizon
D07: Ministry of Justice reforms: implications for pricing and reserving
D04: What has Pillar III ever done? Reporting and disclosure under Solvency II
C01: Resource and environmental limits to economic growth
C05: The Munich chain ladder: a personal view
E03: Updating from the Discrimination Working Party - paper
E06: Triangle-free reserving
Plenary 4: Weather and climate related aspects of catastrophe risk
Plenary 3: Hot topics - Increased catastrophe activity
Plenary 5: GIPEC update
Plenary 6: Looking at reserves through contract lenses
E03: Update from the Discrimination Working Party
A07: Report from the Solvency II Technical Provisions Working Party
A09: Application of game theory in general insurance
E09: Small insurance policies making a big difference
E07: From customer to carrier: where does the money go?
E01:Contractors: a necessary evil?
Plenary 3: Hot topics - Insurance 2020 vision
Plenary 5: Will new science brake the pricing cycle?
Plenary 1: Do actuaries need a risk function more than risk functions need actuaries?
Plenary 4: How to spot an emerging risk
Plenary 4: Practical management of emerging risks with a climate change case study
Speakers' presentation not available online
C03: Actuary's role in the ORSA working party
C03: Actuary's role in the ORSA working party - Mapping
C08: The need for casualty catastrophe models: a way to prepare for the 'next asbestos'
D10: Practical challenges for general insurers in IMAP
B07: Periodical payment orders update
B03: The 1 year view of reserving risk: the “actuary-in-the-box” vs emergence patterns (ERM)
A06: The results of the 2012 third party motor working party
A06: Third Party Working Party
Plenary 6: Breaking research in third party motor and PPOs: the results of the 2012 working parties
Plenary 3: Hot Topics - Isle of Wonder
B01: Small insurance policies making a big difference
B06: Adding prior knowledge to double chain ladder
D02: From customer to carrier: where does the money go?
Plenary 3: Hot topics - Expert judgement
A04: Using r in insurance
D10: iMAP Working Party Presetnation
E04: Optimal pricing in Solvency II
D05: Lloyd's Annual Update
E08: Lloyd's Annual Update
B05: GIROC reserving research workstream
P1: Are investors interested?

Health and Care Conference 2012, 30 April - 2 May 2012

A04: The evolution of predictive underwriting
B02: Accessing and engaging with customers (the consumer perspective)
B04: Are we providng the most appropriate premium structure for our customers?
Plenary 4: Long Term Care panel debate
F02: At what price 100% STP?
F04: Making products easy to buy through predictive techniques
E01: Learning from PPI - a bancassurer's journey to find a solution for customers' income protection needs
D03: The impact of psychosocial factors on claims outcomes in the group income protection market
E04: How to win when selling direct
E03: Effects of the ABI non-disclosure guidelines - an update from Royal London
D02: Customer segmentation and marketing - laying the foundations for success
B01: Personalising on an industrial scale
C04: How powerful are your rating factors? (A practical demonstration with GLMs)
B03: Recessions and disability experience around the world
E02: Social media 101 for actuaries
A02: Solvency II - what it means for health insurers and their customers
F01: Changing the patient journey through open referrals - impact on the customer and the costs
D04: Sheer heart attack: why the myocardial infarction definition is critically flawed
C02: Equality to all (and death to underwriters)
A01: Update from the Geographical Variations Critical Illness Working Party
C03: Income protection: an update on recent CMI experience plus a layman's guide to IPM 1991-98
Plenary 2: Customers: keeping it simple
Plenary 5: Putting the patient first
D01: Implications for the industry of the Government's White Paper on Social Care
Plenary 6: The view from the public
F03: What can the UK protection market learn from Ireland?
C03: Income protection: an update on recent CMI experience with a layman's guide to IPM 1991-98
C01: Update from the critical illness definitions working party

Highlights of Life Conference 2011, Edinburgh, 7 March 2012

A01: Solvency II internal model - a case study
A02: Has mortality gone pricing mad?
B01: Future medical developments and scenario modelling of longevity
C02: : Embedding stress testing as part of an integrated risk management framework
D01: IFRS 4 Phase 2 - it's time to get serious
D02: Liquidity and investment strategy
Plenary 1: Key economic drivers and the outlook for global yields
Plenary 2: Giving customers what they really want
Plenary 2: Giving customers what they really want
Plenary 1: Key economic drivers and the outlook for global yields
C01: Sovereign risk - living in limbo
B02: Tax after Solvency II

Highlights of the Life Conference 2011 Seminar, London

Plenary 1 Key economic driver and the outlook for global yields, Ross Walker
B01 Future medical developments and scenario modelling of longevity
C02 Embedding stress testing as part of an integrated risk management framework
D02 Liquidity and investment strategy
D01: IFRS 4 Phase 2 - it's time to get serious
A02 Is mortality pricing mad?
Plenary 2 How can actuaries transform the effectiveness of consumer information
A01 Developing an internal model for a medium sized company
B02 Tax after Solvency II
C01 Sovereign risk - living in limbo

Highlights of the Pensions Conference

The failure of modern portfolio theory
Failure of modern portfolio theory
Failure of modern portfolio theory
Meeting pension obligations

Highlights of the Pensions Conference, 1 October 2012

Meeting Pension Obligations

Highlights of the Pensions Conference, 28 September 2012

Resource and Environmental Limits to Economic Growth

Highlights of the Pensions Conference, Bristol, 19 November 2012

Meeting pension obligations: measurement, risk and flight paths
Solvency II for pensions: EIOPA advice and principles for pension fund risk management
UK Pensions Taxation Update (DB Focus)
Horizontal integration of state and private pensions

Highlights of the Pensions Conference, Edinburgh, 1 October 2012

Horizontal integration of state and private pensions
Identifying and tackling ethical dilemmas in pensions

Highlights of the Pensions Conference, London, 17 September 2012

Solvency II for pensions: EIOPA advice and principles for pension fund risk management
Meeting pension obligations: measurement, risk and flight paths
Horizontal integration of state and private pensions

Highlights of the Pensions Conference, Manchester, 28 September 2012

Horizontal integration of state and private pensions

Joint Networking Evening: Trading Longevity Risk

The role of the LLMA in the Longevity Markets
Recent innovations in Longevity Risk Management; A new generation of tools emerges
Overview of Longevity de-risking and Longevity risk capital

Life Conference and Exhibition 2012

A07: There's more to Life than Solvency II
A10: Wealth Management - protecting the gap
B02: Solvency II across Europe
D04: Longevity Risk Transfer The inside story
F01: Regulatory Impact of the Efficient Running of an Insurance Group
F06: Longevity Catalysts
F07: Life Policy Misillustrations
F08: How Powerful are your Rating Factors?
Plenary 3: Solvency II and EIOPA: Difference makers or more of the same?
A08: Making your ORSA real
E10: Solvency II Transferability of Capital
D05: The Other Side of the Fence...is the grass greener?
D06: Are we wasting our time? A Survey on non-disclosure
B01: Preparing Assets for Sale
D11: Practical Implications of the new life tax regime
F05: From 'Embedding the ICA' to satisfying the Solvency II Use Test
B09: Using Captives to take on Pension Liabilities
G10: Effects of Solvency II on Large Insurers - Pan-European Study
B03: Basis Risk in Longevity Hedging
D09: Financial Reporting (Part 1 of 2) IASB (Phase II) Developments
F11: Financial Reporting (Part 2 of 2) The Future of UK GAAP
E07: The Travails of a Long Division Actuary
F09: Impact of regulatory change (including Gender directive) on management of vesting annuities
A09: Latest issues in longevity pricing and reserving
Plenary 2: Will we achieve both austerity and growth?
B04: Operational Risk: No longer Cinderella? Operational Risk for Insurance Firms
A04: The risks we miss
A11: Current issues in with-profits
B10: How to do a with-profits run-off plan
G03: Credit risk modelling
D02: ERM working party review of capital allocation. Initial findings
B05: Asset managers and insurers. A marriage made in heaven?
G09: At retirement solutions and the role of WP providers
A05: SII Matching adjustment. An industry view
D03: New directions in the modelling of longevity risk
G11: TAS implementation in the new world - a practical experience
E05: The potential impact of stem cell therapy on our industry
E04: Should Insurers be offering a guaranteed savings product to the DC market?
B12: Underwriting Automation .. Where to from here?
G05: Aligning culture, structure and systems to manage capital, risk and performance
D8: Irish Sovereign Annuities
C01: Risk management - leading from the front
A01: Insights from the industry on stress and scenario testing (SST)
A12: Expert judgement on expert judgement
E06: Using health scenarios to understand long-term mortality trends
F12: 1 January 2013 – Are you ready?
B07: Leveraging IFRS from Solvency II implementation investment
C06: Creating a strong and vibrant actuarial team
F03: The Risk-Free Rate: Politics, Economics & Investments
E03: Solvency II ORSA and the Standard Formula
G01: IMAP pre-application and validation – Sharing our experience
C11: Risk Culture A practical tool for an emergent phenomena
F10: An industry survey of persistency modelling A case study – Standard Life
G07: Making longevity reinsurance work
D07: Part VII life insurance transfers: legal and actuarial update and recent developments
C05: More on TAS
B06: Implementing the Solvency II Use Test
B11: The Solvency II risk-free rate
C08: Behavioural led change in finance, actuarial and risk
E11: Gender Neutral Pricing How (not) to foul it up!
G04: Validation of the ORSA, How can management gain comfort in the ORSA?
G06: The future of value reporting post Solvency II
F04: International experience of internal model approval
D01: Recovery and Resolution Planning
A04: Additional Paper - Difficult Risks and Capital Models
E08: Term assurance is simple
C10: A passage to China
G08: Who will live to 100?
Plenary 1: Profit, people and planet
G02: Setting the strategy for a mutual life insurer in the 21st century
E02: A review of credit risk modelling approaches
C09: Apps, Android and Apple. New generation of insurance customers

Life Financial Reporting Metrics Workshop

From statutory valuation to multpile metrics, Lucia Lumsdon
Focus on disclosure, Tim Bateman
Commercial application: understanding and managing multiple metrics

Life Taxation Workshop 2012

Life Office Tax Overview
I-E Tax and Shareholder Tax
Tax Modelling and Planning
Current developments
Pre Course Reading Material
Apportionment: Apportionment of investment return etc between classes of business

Masterclass: Written Communication Day 1

Better business writing

Micro-insurance Member Interest Group UK launch of the Actuarial training modules for Micro-insurance

An Introduction to Microinsurance
Agricultural Module
Protection against different perils

Momentum Conference 2012

C04 Actuarial Modelling: not as good as it should be?
A03 Dented Daimlers and Droopy Daffodils
A05 Turning to the Dark(er) Side. What do Management Consultants do?
D05 The Future of Financial Reinsurance
A04 Recent Natural Disasters: has the Reinsurance Market really changed?
B02 Investment Tools, Techniques and Hot Topics
D01 The Risk We Miss, supporting paper
1A and 2A The Digitally Extrovert Actuary
C03 Buy-ins and Buy-outs: Doing Deals in Extreme Market Conditions
1D Dress for Success
2D The Power of a Personal Brand
D03 Solvency II for Pensions - a step in the right direction?
1B and 2B The Mindset of Achievers
D01 The Risk We Miss
C05 Risk Appetite and Embedding it into the Business
A01 Every deal is different
C01 Solvency II: latest developments
D04: Non-linear dependencies in capital modelling
C02 Diversified investment strategies for DB, DC and insurance
D04 Non-linear dependencies in capital modelling

Mortality and Longevity seminar 2012

Index-based swaps - are they a viable alternative?
How much do we really know about future longevity?
Sex equality - health inequality
Longevity de-risking in action
Longevity de-risking in action. A Reinsurance Perspective
Current CMI research
Putting medical and behavioural insights into practice
Emerging mortality and longevity research
Making sense of the highly uncertain
Putting medical and behavioural insights into practice
CMI update

Networking Event: Environmental Change Opportunities for Actuaries

Financing of “New Nuclear” decommissioning

Networking Event: Environmental Change: Opportunities for Actuaries

Networking Event: Environmental Change: Opportunities for Actuaries

Networking event: Replacing the Theory of Efficient Markets

Networking event: Replacing the Theory of Efficient Markets - Implications for Polciy and practice

OCF Open Forum: How to Hedge the Risk Free Rate under Solvency II

OCF Open Forum: How to Hedge the Risk Free Rate under Solvency II

OCF Talk: Longevity swaps: The view from both sides of the hedge, 22 February 2012

Longevity Swaps: The View from both sides of the Hedge: The Pension Scheme

OCF Talk: Strategic implications for life insurers in a post-RDR world

OCF Talk: Strategic implications for life insurers in a post-RDR world

Open Forum on Asset Backed Pension Scheme Funding

Open Forum on Asset Backed Pension Scheme Funding

Open Forum: An Introduction to RPI/CPI

Inflation and Pension Plans
Consumer Price Statistics
Risk Managing CPI Exposures

Open Forum: Asset-Backed Pension Scheme Funding, 22 March 2012

It's as easy as ABC

Open Forum: Currencies and the Eurozone: under the bonnet of the Eurozone crisis

Currencies and the Eurozone: under the bonnet of the Eurozone crisis

Open Forum: Does Strategy Risk Exist?

Strategic Risk Landscape

Open Forum: Extreme Value Theory

Extreme Value Theory for a 1 in 200 Event

Open Forum: Model risk

Open Forum: Model risk
Open Forum: Model risk

Open Forum: the Pensions TAS in Practice

The Pensions TAS in Practice

Open Forum: UK Motor Insurance - What Every Actuary Should Know (if they Work in Pricing, Reserving, Reinsurance or Capital Modelling): The Full Results of the Third Party Working Party

Open Forum: UK Motor Insurance - What Every Actuary Should Know (if they Work in Pricing, Reserving, Reinsurance or Capital Modelling): The Full Results of the Third Party Working Party

Open Forum: UK Motor Insurance - What Every Actuary Should Know, 7 March 2012

Rerun - Open Forum: UK Motor Insurance - What Every Actuary Should Know (if they Work in Pricing, Reserving, Reinsurance or Capital Modelling): The Full Results of the Third Party Working Party

Open Fourm: An Introduction to Basel III

An Introduction to Basel III

Pension plan solvency and extreme market movements: a regime switching approach

Pension plan solvency and extreme market movements: a regime switching approach

Pensions Conference 2012

Plenary 4: Applying actuarial skills
D2: Identifying and tackling ethical dilemmas in pensions
D1: Quantifying mortality risk in small defined benefit pension schemes
E2: Estimation of retirement adequacy targets from income and expenditure data
A4: Board polarities in trustee bodies
C3: Dealing with change and the unexpected
B1: What keeps covenant assesors awake at night?
E4: Longevity indices and the development of a capital market
B5: Resource and environmental limits to economic growth
C4: Buying bulk annuity contracts for small schemes
A2: Investor Beware: alternative investments
E3: Old benefits in a new light
D5: What's new in LDI?
A3: How structural mortality models can aid decision-making
E1: Sustainable pensions
C5: The failure of modern portfolio theory and implications for pensions actuaries
B3: An analysis of pension security and economic efficiency
C1: Defined benefit pension plan funding and corporate value
D3: Creating economic shareholder value
B2 Improving risk management in DC investments
Hot topics:Is there a place in the DC pensions mass market for guaranteed products?
E5: The road to public sector pensions reform
Hot topics: Can transforming consumer information stop a generation sleepwalking into retirement?
C2: DGFs- What's in a name?
Hot topics: Funding in an LDI world
B4: UK pensions tax relief - the latest
TPR: Scheme funding in the current climate
Hot topics: Meeting pension obligations: measurement, risk and flight paths
Hot topics: Solvency II for pensions: EIOPA advice and principles for pension fund risk management
Plenary 2: Building a sustainable pension system

Pricing seminar, 29 June 2012, Hilton Paddington, London

A02: It's just not fair!
D03: The Pitfalls of exposure ratings - A practitioners guide
E03: The minimum a pricing actuary needs to know about Solvency II and get away with it

Reserving seminar 21/06/12 Radisson Edwardian Bloomsbury Street Hotel

Plenary 1 Tails of the Unexpected: The story of the 2011 catastrophes
Plenary 6: Solvency II Techincal Provisions: The current challenges for the reserving actuary and how to adress them
Workshop A1 Extending the Mack Bootstrap
Plenary 2 FSA/Lloyds update
Plenary 7 Information overload - balancing possible vs practical under changing reporting requirements
Workshop A2 A Rating Agency's View
Plenary 2: FSA/Lloyd's Update

Risk and Investment Conference 2012

A01: Risk in government
A03: Demographic impact on investment strategy
A04: Centralised clearing of OTC derivatives
B01: Rational adaptability and clumsy solutions
B04: Relative merits of synthetic versus cash investments
B05: How we get numbers wrong and what you can do
C01: CRO viewpoint - emerging trends in property-casualty risk management
C03: The problem with LDI
D02: An Introduction to AFIR/ERM
E01: Resource and environmental limits to economic growth
E05: Parameter and model risk in financial firms - Andrew Smith
E05: Parameter and model risk in financial firms - Antoon Pelsser
Plenary 1: Cohesion, complexity and credit: Studying people to understand risk
B02: Agent based modelling of insurance cycles: an update and results
D01: Risk Reporting
D03: Inflation, real returns and inflation hedging
D05: The future actuary as risk manager - Highlights from the ECA 2012
E02: Risk Registers, Should we trust them? *updated as of 11 July 2012
E03:Is there a place in the DC mass market for guaranteed products?
A02: VA Risk management
C02: Operational risk
C04: Implications of Solvency II/ Basel III for traditional and non traditional asset classes
Plenary 2: Risk management from perspective of C-Suite
Plenary 3: Perspectives on how Aviva approach capital management
D04: Investment risk and opportunities for annuity business in a Solvency II world
D04: Investment risk and opportunities for annuity business in a Solvency II world
B03: Unlocking the secrets of the swaptions market
E04: Modern methods of managing funding level risk - Slides not available
Plenary 4: Reasons to be cheerful - looking for growth and avoiding the danger zones - Slides not available
Plenary 5: No slides were used
A05: View from FT Alphaville

Sessional research event: Is there a Place for Guarantees in the DC Market?

Sound file: Sessional Research Event: Is there a Place for Guarantees in the DC Market

Sessional Research Event: Reserving for Solvency II

Sound file: Sessional Research Event: Round Table Discussion on Reserving for Solvency II

Sessional Research Event: Transforming Consumer Information

Sound File: Sessional Research Event: Transforming Consumer Information, 23 April 2012

Sessional Research Meeting 22 October 2012

Long Term Care – A Review of Global Funding Models

Sessional Research Meeting; Brian Hey Prize - GIRO 2012

Triangle-free reserving : A non-traditional framework for estimating reserves and reserve uncertainty

Transforming Consumer Information, 24 January 2012

Regulatory view
Auto-enrolment: the opportunity and responsibility
Improving information: a consumer perspective
Important considerations from behavioural economics

What Keeps a With-Profits Actuary Awake at Night? Networking evening

What Keeps a With-Profits Actuary Awake at Night?

Yorkshire Actuarial Society (2012)

Value at Risk: Where did it all go wrong? Presented to the Yorkshire Actuarial Society, 9 May 2012 [slides]
Value at Risk: Where did it all go wrong? Presented to the Yorkshire Actuarial Society, 9 May 2012 [spreadsheet]