Document library
-
- Author:
- Marcus Bowser
- Source:
- Younger Members' Convention 2006
Operational risk - a practical guide (handouts)
20/12/2006 1 Operational risk – A practical guide Marcus Bowser 4 December 2006 Page 2 Agenda • What is operational risk? • Why should we care about operational risk? • How can we identify and measure our exposure to operational risks? • How can ... read more >>
-
- Author:
- Alan Mason; Jonathan Miles
- Source:
- Life Convention 2006
Risk management in insurers. Is ICAS making a difference? (slides)
Risk Management in Insurers Is ICAS making a difference? Alan Mason Jonathan Miles Agenda �Why and how we undertook a review �Main areas of industry progress �The impact of ICAS �Challenges for life insurers What is this? Why and how we undertook ... read more >>
-
- Author:
- Alan Goodman
- Source:
- Life Convention 2006
Consumers' understanding of risk (handout)
1 Consumers’ Understanding of Risk Workshop A11 A study into the attitude and behaviour of UK consumers of financial services. Background ? PFPC concluded that financial decision making was often sub- optimal ? Banham Inquiry encouraged Actuarial ... read more >>
-
- Author:
- Neil Holliday; Stuart Robinson
- Source:
- Life Convention 2006
Risk and capital management: creating a competitive advantage (slides)
Risk and Capital Management: Creating a Competitive Advantage Neil Holliday, HBOS Stuart Robinson, Tillinghast 6 November 2006 2 Contents UK developments in context Sources of advantage HBOS experience ERM – the way forward 3 The UK insurance ... read more >>
-
- Author:
- David King; Ken McGaughey
- Source:
- Life Convention 2006
Risk/value trade-off in strategic investment decisions (slides)
Risk/Value Trade-off in Strategic Investment Decisions (E04) David King, Ernst & Young Ken McGaughey, Standard Life 2 Contents 1. Introduction 2. What shareholders are looking for 3. Framework for strategic investment decisions 4. Case studies ... read more >>
-
- Author:
- Jules Constantinou
- Source:
- Life Convention 2006
A whole new world...Or implications for life insurers of CP06/16 on the risk management and pricing of term assurance (handout)
1 “A Whole New World..” Or Implications for Life Insurers of CP06/16 on the Risk Management and Pricing of Term Assurance Discussion points ?CP06/16: what do the changes mean? ?Existing balance sheet ?Survey of reserving bases ?New Business: ... read more >>
-
- Author:
- Stephen Richards
- Source:
- Life Convention 2006
Longevity - risk and opportunity (handout)
Life Convention, Glasgow Longevity — risk and opportunity Stephen Richards 6th November 2006 Copyright c© Stephen Richards. All rights reserved. Electronic versions of this and other freely available papers and presentations ... read more >>
-
- Author:
- Simon True; Phil Roberts
- Source:
- Life Convention 2006
De-risking with-profits customers fairly (slides)
1 De-risking with-profits customers fairly Simon True – Resolution plc Phil Roberts – Tillinghast De-risking with-profits customers fairly ? Agenda ? Why de-risk? ? Options for de-risking ? The impact on policyholders and shareholders ? ... read more >>
-
- Author:
- John Charles; Ming Roest
- Source:
- General Insurance Convention 2006
Solvency II - Recent developments and implications (Slides)
33rd ANNUAL GIRO CONVENTION Solvency II – Recent Developments and Implications Hilton Vienna Hotel, Am Stadtpark John Charles Ming Roest 2 Agenda ? Solvency II introduction ? Solvency II concepts ? Quantitative Impact Studies ? Impact Assessment ... read more >>
-
- Author:
- Godfrey Perrott; Marc Slutzky
- Source:
- Enterprise Risk Management Seminar, 26 June 2006
A US perspective on enterprise risk management (handouts)
1 A US Perspective on Enterprise Risk Management Godfrey Perrott London Marc Slutzky New York PROGRESSION OF ERM IN THE US (1988-1991) Wake up call (Executive life, Mutual Benefit, Equitable Life) Individual risk management (flight to quality) More ... read more >>
-
- Author:
- Rob Jones
- Source:
- Enterprise Risk Management 2006
Enterprise risk management (Handout)
1 Enterprise Risk Management ERM Seminar 3 July 2006 Rob Jones Managing Director 210/11/05 Agenda Why do ERM? What is S&P s view of ERM? What are our findings so far? What is the potential impact on our capital analysis? 310/11/05 Winds of Change ... read more >>
-
- Author:
- Madhusudan Acharyya; Johnnie Johnson
Investigating the development of enterprise risk management in the insurance industry: an empirical study of four major European insurers
The objective of this article is to report the results of a study examining the Enterprise Risk Management (hereinafter referred to as “ERM”) practiced by four European-based insurance companies. In particular, the study explores the understanding, ... read more >>
-
- Author:
- Andrew Smith
- Source:
- Finance, Investment and Risk Management Conference 2006
Operational risk - a storm is coming (slides)
1 Operational Risk DF026 A Storm is Coming Andrew Smith June 2006 1© 2005 KPMG LLP, the U.K. member firm of KPMG International, a Swiss cooperative. All rights reserved. This document is confidential and its circulation and use are restricted. KPMG and ... read more >>
-
- Author:
- Jeremy Stone
- Source:
- Finance, Investment and Risk Management Conference 2006
Learning to live within a risk budget (handouts)
1 Learning to live within a Risk Budget Jeremy Stone Chairman WHSmith Pension Fund June 2006 2 The examination paper 1. What is a deficit? 2. Defining risk tolerance for a pension fund 3. Do sponsor companies and trustees have different ... read more >>
-
- Author:
- Paul Seymour
- Source:
- Finance, Investment and Risk Management Conference 2006
Introduction to the Financial Reporting Council (FRC) and the Board for Actuarial Standards (BAS) (handouts)
1 INTRODUCTION to the FINANCIAL REPORTING COUNCIL and the Paul Seymour, BAS Chair BOARD FOR ACTUARIAL STANDARDS FIRM Conference: Edinburgh 19th June 2006 The FRC s Aim is to promote confidence in corporate reporting and governance Our objectives ... read more >>
-
- Author:
- Chris Lewin
- Source:
- Enterprise Risk Management 2006
RAMP - Analysis and Management for Projects (Handout)
1 RAMP Risk Analysis and Management for Projects By Chris Lewin Agenda How RAMP came about Purpose and scope of RAMP The RAMP process RAMP and financial services RAMP within ERM How actuaries can help RAMP users How RAMP came about Collaboration between ... read more >>
-
- Author:
- Jean-Bernard Crozet; Reeken Patel
- Source:
- General Insurance Convention 2006
Catastrophe risk aggregation (Handout)
CATASTROPHE RISK AGGREGATION 33rd ANNUAL GIRO CONVENTION Hilton Vienna Hotel, Am Stadtpark JB CROZET REEKEN PATEL INTRODUCTION A Stat & A Quote Catastrophe Aggregation Monitoring “quantifying the potential losses from catastrophic events, across ... read more >>
-
- Author:
- Scott Collings
- Source:
- General Insurance Convention 2006
Reserve ranges - the Australian experience (Handout)
1 33rd ANNUAL GIRO CONVENTION Reserve Ranges the Australian Experience Presented by Scott Collings Hilton Vienna Hotel, Am Stadtpark Accounting Rules Accounting rules require: Central Estimate of liabilities mean of liability distribution Discounted ... read more >>