Life Convention 2003. Let's get real!

9-11 November 2003, Hilton Birmingham Metropole Hotel

The following papers were presented at the 2003 Life Convention. Please note that most have been made available in two formats - as the original Powerpoint presentation, and in Adobe Acrobat format displaying three slides to a page.

Any queries about the Convention should be addressed to the Conference Department at e-mail: conferences@actuaries.org.uk.

The copyright in the content of the conference and seminar papers on this site may rest either with the authors or with the profession. Single copies may be downloaded for private study or research but more extensive copying requires the permission of the copyright owner. Should you wish to make multiple copies of any material please contact the Conference Department.

Monday 10 November 2003

Session Title/speaker
Session A01 Realistic balance sheets - a beginners guide [pdf]
Richard Waller, Watson Wyatt
Michel Abbink, Watson Wyatt

Session A02 A practitioners' discussion meeting on issues arising from the use of stochastic tools in risk management of a with-profits fund [pdf]
Ralph Frankland, Norwich Union
Slides [ppt]

Session A05 IAS - What needs to be done [pdf]
Mukesh Mittal, PricewaterhouseCoopers
Nigel Masters, PricewaterhouseCoopers
Slides [ppt]

Session A06 Unlocking business benefits of US GAAP [pdf]
Alan Twigg, KPMG
Slides [ppt, 1 mb]

Session A08 Managing global business: the Irish market [pdf]
Keith Parker, Canada Life
Pamela Hagan, KPMG
Slides [ppt]

Session A09 Why good data for us is good data for you! [pdf]
Brian Valentine, GE Frankona
Gary Collier, GE Frankona
Slides [ppt, 1 mb]

Session A10 Management of a with-profit fund using option pricing techniques [pdf]
Mark Willder, Heriot Watt University

Session A13 The integrated prudential sourcebook - an overview [pdf, 3.4 mb]
Martin Lees, B&W Deloitte

Session B01 The realistic reporting of with-profits business [pdf]
David Hare, Standard Life
Ian Moran, B&W Deloitte
Slides [ppt]

Session B02 The importance of being normal [pdf]
Stephen Carlin, B& W Deloitte
Andrew Smith, B&W Deloitte
Slides [ppt]

Session B03 Developing a risk-based capital framework for a composite insurance group [pdf]
Anthony Bice, Tillinghast-Towers Perrin
Andy Holtham, AVIVA

Session B05 Is the UK life assurance market competitive? Evidence from companies' charges [pdf]
Chris O'Brien, Centre for Risk and Insurance Studies, Nottingham University Business School

Session B06 Working with your auditors under the new regulations [pdf]
John Jenkins, KPMG
Derek Smith, KPMG
Slides [ppt]

Session B08 Brandassurance and the virtual life office [pdf]
Nigel Cooke, Mercer Oliver Wyman
Neil Reynolds, Mercer Oliver Wyman
Slides [ppt]

Session B10 Pension annuities - opportunity or trap? A provider perspective [pdf]
Alec Findlater, Britannic Retirement Solutions
Slides [ppt]

Session B10 Pension annuities - opportunity or trap? [pdf]
Mike Wadsworth, Watson Wyatt
Mark Joannes, Watson Wyatt

Session B11 Sandler, with profits and alternative structures [pdf]
Ian Maidens, Tillinghast-Towers Perrin

Session B12 CANCELLED: Professional affairs and practising certificates
This session was incorporated into the 'Hot Topics' session

Session B13 CANCELLED: The independent expert
This session was cancelled

Plenary 3 A market fit for consumers [pdf]
Laurie Edmans, Director of Corporate Development, AEGON UK, and Chairman, ABI Pensions and Savings Committee
Slides [ppt, 1.7 mb]

Session C01 Realistic balance sheets, stress testing and internal capital assessment (ICA) - a case study [pdf]
Barry Butler, Zurich Financial Services
Paul Coulthard, B&W Deloitte
Tim Sheldon, B&W Deloitte
Slides [ppt]

Session C03 Risk management issues and solutions in the life industry [pdf]
Paul Stanworth, Royal Bank of Scotland
Huw Williams, Royal Bank of Scotland
Slides [ppt]

Session C04 Brands in life assurance [pdf]
Bob Gibson, Belgrave Consulting
Paul Hately, Swiss Re Life and Health
Slides [ppt]

Session C05 IASB's exposure draft and the profession's response [pdf]
Mukesh Mittal, PricewaterhouseCoopers
Ian Moran, B&W Deloitte
Slides [ppt]

Session C06 From embedded value to economic value [pdf]
Demos Papasavvas, B&W Deloitte
Lance Burbidge
Slides [ppt, 2 mb]

Session C07 Tax management and current issues [pdf]
Paul Turnbull, Watson Wyatt
Slides [ppt]

Session C09 Is it time for a review of guaranteed income protection? [pdf]
Sue Elliott, Watson Wyatt
Slides [ppt]

Session C10 Impaired annuities [pdf]
Caroline Feaver, Hannover Life Re (UK)
Joanne Wells, Hannover Life Re (UK)
Slides [ppt, 4 mb]

Session C11 What impact will polarisation and extended regulation post-Sandler have on the design and distribution of protection products? [pdf]
Ron Wheatcroft, Swiss Re
Slides [ppt]

Session C12 The FSA Arrow risk assessment process [pdf]
Philip Eaton, FSA
Mike Kipling, Royal & SunAlliance
Slides [ppt]

Session C13 Improved governance of with profits [pdf]
Mike Urmston, Norwich Union
Slides [ppt]


Tuesday 11 November 2003

Session Title/speaker
Session D01 Realistic balance sheets - the way forward [pdf]
Peter Needleman, Tillinghast-Towers Perrin
Mike Kipling, Royal & SunAlliance
David Dullaway, Tillinghast-Towers Perrin

Session D02 Risk and capital assessment and supervision in financial firms [pdf]
Seamus Creedon, KPMG
Slides [ppt, 1 mb]
Report [pdf]

Session D03 Risk management - a reinsurer's perspective [pdf]
Andy Sharpe, Swiss Re
Slides [ppt]

Session D06 Profit emergence under IAS [pdf]
Brian Edey, Ernst & Young

Session D07 Tomorrow's leading actuarial function [pdf]
John Cummings, PricewaterhouseCoopers
Nick Parry, Zurich Financial Services
Slides [ppt, 2.2 mb]

Session D08 Economic value management - a practical perspective [pdf]
David Richardson, Swiss Re
Slides [ppt]

Session D10 Annuitant mortality and longevity risk [pdf, 2.4 mb]
Stephen Richards, Prudential
Slides [ppt]

Session D11 Developments in the equity release market [pdf]
Brian Morrissey, KPMG

Session D12 PPFM - from consultation to practice [Principles and practices of financial management] [pdf]
Andy Carr, B&W Deloitte
Rob Kerry, Norwich Union Life
Slides [ppt]

Session D13 How to ensure that you have adequate systems and controls in place when using actuarial models [pdf]
Mike Wilson, B&W Deloitte
Asad Jafree, B&W Deloitte
Slides [ppt]

Session E01 Stochastic Accreditation Working Party [pdf]
Carl Douthwaite, Legal and General
Slides [ppt]

Session E03 Practical issues and the implications of ICA [pdf]
Martin Muir, Watson Wyatt
Mark Chaplin, Watson Wyatt
Slides [ppt]

Session E04 CANCELLED: Stochastic financial planning [pdf]
This session was cancelled

Session E05 Restoring the credibility of embedded values [pdf]
Kamran Foroughi, Tillinghast-Towers Perrin
Paul Whitlock, Tillinghast-Towers Perrin

Session E06 Running a closed business - run-off solutions [pdf]
Andrew Stoker, PricewaterhouseCoopers
Andrew Walton, AMP
Slides [ppt]

Session E07 Small life companies - a survival guide [pdf]
Richard Baddon, Milliman UK
Martin Werth, Munich Re
Slides [ppt, 1.4 mb]

Session E08 CANCELLED: An overview of the US market - key developments
This session was cancelled

Session E09 IP vs. BU? A comparison of the UK & German disability markets [pdf]
Martin Langkjaer, GE Frankona
Slides [ppt]

Session E10 A perspective on persistency [pdf]
Philip Gwilt, Legal & General
Slides [ppt]

Session E11 WRAPS: Strategic imperative or just the latest fad? [pdf]
David Lomas, KPMG Financial Services
Slides [ppt]

Session E12 The financial impact of reinsurance under the Prudential Sourcebook [pdf]
James Hillman
Jeff Davies, Swiss Re
Slides [ppt]

Session E13 Practical issues from the PSB [pdf]
Andrew Chamberlain, Watson Wyatt
Slides [ppt]

Session F06 CANCELLED: Removing the public certification by the Appointed Actuary would be a retrograde step for consumer protection
This session was cancelled

Session G01 CANCELLED: Comparison of realistic insurance valuation with economic capital models in banking
This session was cancelled

Session G02 Realistic balance sheets: lessons from the FSA [pdf]
Janice Barclay, PricewaterhouseCoopers
Ben Rowe, FSA
Slides [ppt]

Session G03 Capital management and financing including in financial reinsurance [pdf]
Andrew Sanders, Watson Wyatt
John Cliff, Swiss Re
Slides [ppt]

Session G04 The impact on the UK savings industry of the Sandler Review [pdf]
Jackie Wells, Deloitte
David Gulland, B&W Deloitte
Slides [ppt]

Session G05 Accounting developments [pdf]
Peter Wright, Tillinghast-Towers Perrin

Session G05 Life assurance accounts: a survey of actuaries' views [pdf]
Chris O'Brien, Centre for Risk and Insurance Studies, Nottingham University Business School
Slides [pdf]

Session G06 Embedding risk based capital in an organisation: practical lessons [pdf]
Mark Train, PricewaterhouseCoopers
Philippe Guijarro, PricewaterhouseCoopers
Slides [ppt]

Session G08 Selling into the UK from offshore [pdf]
Paul Quirk, Friends Provident International
Paul Downes, PricewaterhouseCoopers
Slides [ppt]

Session G09 Future of CIC [critical illness cover] development - reviewability update [pdf]
Azim Dinani, GE Frankona Re
Slides [ppt, 2.5 mb]

Session G10 CANCELLED: Underwriting - managing the risks
This session was cancelled

Session G12 Derivatives and regulatory capital [pdf]
Martin Muir, Watson Wyatt
Tim Wilkins
Gary Finkelstein
Slides [ppt]

Session G13 PPFM - implementation models [Principles and practices of financial management] [pdf]
Matthew Murphy, KPMG
Slides [ppt]


 
Page updated: 5 January 2009
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