General Insurance Conference 2010
Newport, 2010
The papers below were presented at the 2010 General Insurance Conference, held from 12-15 October 2010 at Celtic Manor, Newport, Wales.
Conference presentations are available in Adobe pdf 'handout' format. If you require the presentations in any other format, please contact the libraries.
Book of papers (218 pages) (Please note this is a large files of 32 mb, so may take time to download)
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Wednesday 13 October
Opening plenary 1: Pricing
Current developments and pricing in the reinsurance market (slides)
Charlie Cantlay
Results of the ratemaking survey (slides)
James Tanser
Commercial lines pricing (slides)
Phil Ellis
Plenary 2: Professionalism
The new standards landscape – have your say! (slides)
Alex Marcuson; Louise Pryor
Don’t get court with your standards down (slides)
Panel to include Caroline Hunter-Yeats and Derek Newton
Plenary 3: Rising to the challenge
Re-think : How to think differently
Nigel Barlow
Thursday 14 October
Plenary 4: Reserving
Solvency II and technical provisions – what you will be doing differently (slides)
Jerome Kirk; David Theaker
PPOs: is this the next asbestos? (slides)
Nathan Williams
GI PEC update
Stuart Shepley, Chair, GI PEC
The practical implications of Solvency II for technical provision requirements
Panel of industry representatives
Plenary 5: Risk management
Relying on others – the CRO perspective (slides)
James Illingworth
Relying on others - the consultant’s perspective (slides)
Rory O’Brien
Relying on others – the modelling agency’s perspective (slides)
Claire Souch
Friday 15 October
Plenary 6: Solvency II
Behavioural ERM and the ORSA (slides)
Neil Cantle
Pre-application: reflections from the practitioner and the reviewer (slides)
Paul Martin; Vishal Desai
Risk margins and technical provisions (slides)
Peter England, EMB
Closing plenary 7: Emerging risks
The future: in space and on earth (slides)
Trevor Maynard
Maritime piracy (papers, 80pp)
David Sanders and members of the working party
Fraud as an emerging risk : The impact of change in technology (slides)
Catherine Barton and Nicolas Mallison
Workshop session A - Wednesday 13 October 2010
A1: The TASs in practice (The TASs in practice)
Speakers: Louise Pryor; Graham Finlay, Financial Reporting Council
A2: Everything you always wanted to know about the Solvency II balance sheet but were afraid to ask (slides)
Speakers: Simon Sheaf; Stephen Kelly
A3: ERM for emerging risks in general insurance (paper, 43pp)
Speaker: George Orros
A4: Calibrating dependencies. Case study based on market returns (slides)
Speakers: Richard Shaw; Grigory Spivak; Andrew Smith
A5: Meaningful intervals (slides)
Speaker: Ben Zehnwirth
A6: The actuary’s role in the ORSA (slides)
Speakers: Visesh Gosrani; Niraj Shah; Veekash Badal; Chris Smerald
A7: Lloyd’s update (slides)
Henry Johnson; Jerome Kirk
A8: One year volatility and risk margins - the regulatory view (slides)
Speakers: James Orr; Wendy Hawes
A9: GLM pricing - the impact of the uncertainty in the best estimate
Speakers: Sima Ruparelia; Catherine Barton
A10: Implementing price optimisation seamlessly
Speakers: Ofir Eyal; Vivian Serfaty
A11: Piracy (slides)
Speakers: Darren Farr; Yves Colomb
Workshop session B - Wednesday 13 October 2010
B1: Opening the black box: how actuarial algorithms work and why they sometimes fail (slides)
Speakers: James Tanser; Richard Bland
B2: Being at the sharp end of an ARROW visit (slides)
Speakers: Simon Sheaf; Jonathan Sperrin
B3: Equitas Part VII business transfer (slides)
Speakers: Emiliano Ruffini; Allan Kaufman
B4: Dealing with sparse data - practical challenges and techniques (slides)
Speakers: Ajay Chhabra, Pietro Parodi
B5: Price optimisation 2.0 (slides)
Speakers: Stephen Jones; Michael Korner
B6: Defining the scope of your internal model (paper)
Speaker: Martin Cairns
B7: UK motor insurance cycle (using regulatory returns, 1980 onwards). Understanding the cause of market price changes (slides)
Speaker: Paul Figg
B8: Pricing risk excess reinsurance (slides)
Speakers: Fiachra McLoughlin; Tony Jones
B9: The fall and rise of the standard formula (slides)
Speakers: Vivian Tse; David Paul
B10: How big is too big; a review of the application of the new tax rules for GI reserves (slides)
Speaker: Lis Gibson; Martin White
B11: Update from the UK asbestos working party (slides)
Speakers: Robert Brooks; Darren Michaels; Andy Whiting; Stephen Robertson-Dunn
Workshop session C - Thursday 14 October 2010
C1: Crop microinsurance - tackling poverty - one insurance policy at a time (slides)
Speakers: Agrotosh Mookerjee; Daniel Clarke
C2: Price change monitoring in the Lloyd’s market (slides)
Speakers: Markus Gesmann; Patrick Conlon
C3: Data in the context of Solvency II: an example (slides)
Speaker: Fabrice Brossart; Martin Lynch
C4: Third party motor claims (slides)
Speakers: Third Party Working Party; David Brown; Karl Murphy; Simon Black; Grant Mitchell; Jonathan Edwards
C5: Using pricing information and portfolio management tools to set current year reserves
Speakers: Tony Jones; Fiachra Mcloughlin
C6: Regularisation: an efficient and simple method for rating factor selection (slides)
Speaker: Pietro Parodi
C7: Limits to growth (slides)
Speaker: Oliver Bettis
C8: Solvency II balance sheets in simulation-based capital models (slides)
Speakers: Peter England; Andrew McGuinness
C9: The modelling of reinsurance credit risk (slides)
Speaker: Richard Shaw
C10: Challenges for GI actuaries (slides)
Speakers: Solvency II IMAP Working Party; Melinda Strudwick; Dave Menezes
C11: Use of GPS technology in motor insurance
Speaker: Ofir Eyal
C12: QIS5 current issues (slides)
Speakers: David Simmons; David Theaker
Workshop session D - Thursday 14 October 2010
D1: How the Actuarial Profession can improve its image (slides)
Speaker: Chaim Coutts
D2: Solvency II and technical provisions – dealing with the risk margin (slides)
Speaker: Kendra Felisky; Ayuk-Arrey; Elizabetyh Cabrera
D3: A link between the one year and ultimate perspective on insurance risk (slides)
Speakers: Stuart White and Simon Margetts
D4: Strategic asset allocation and Solvency II (slides)
Speaker: Axel André
D5: Personal lines pricing, current issues and opportunities for 2011 (slides)
Speakers: Neil Chapman: John Berry
D6: Statistical quality standards? Correlations? Help! (slides)
Speakers: Martin Cairns; Simba Chinyemba
D7: Reality of the use test (slides)
Speakers: Paul Hewett; Steven Loyens
D8: Current issues in Ireland (slides)
Speakers: Paul Duffy; Karl Murphy
D9: Stress testing in a time of models (slides)
Speakers: Peter Sondhelm; Steven Clark; James Orr
D10: Measuring the value added by technical pricing techniques in commercial lines of business (slides)
Speakers: Tom Jowett; Jonathan Broughton
D11: Proactive data-driven counter fraud: Mining for digital gold (slides)
Speaker: Catherine Barton
Workshop session E - Thursday 14 October 2010
E1: Topical tax issues
Speakers: Simon Sheaf; Ian Woodruff
E2: Enhanced GLMs and vehicle grouping (slides)
Speakers: Duncan Anderson; Sami Abdel-Gadir
E3: Offshore energy insurance - where have we been, where are we now and where are we going? (slides)
Speakers: Antony Dodson; Hannes Janse Van Rensburg
E4: PPOs - be afraid, be very afraid (slides)
Speaker: Nathan Williams; Anthony Claughton; Karl Murphy
E5: Reverse stress testing (slides)
Speaker: Joseph Lo
E6: Solvency II and long tail liabilities (slides)
Speaker: Ben Zehnwirth
E7: Relative entropy – case studies in the application of relative entropy to economic scenario generation and catastrophe modelling (slides)
Speakers: Alun Marriott; Richard Millins
E8: IFRS - all clear now? The future of insurance accounting - IFRS 4 Phase II (slides)
Speakers: Shreyas Shah; Mike Brien
E9: Reserving for Solvency IIl: What you need to be doing NOW! (slides)
Speaker: Kendra Felisky and members of the working party
E10: Can we help? Banks: reserving for bad debt (slides)
Speaker: Martin White
E11: Solvency II risk margins – cooking up a storm? (slides)
Speaker: Alex Marcuson