Never before has the actuary in general insurance been in such an influential and vital position as with the arrival of Solvency II. The responsibilities of the Actuarial Function are widespread. Such an important role is this that the IFoA has made a practicing certificate mandatory for its members assuming this position, henceforth called the Chief Actuary. The Chief Actuary now needs to consider underwriting, reinsurance and risk, beyond the traditional playing fields of reserving and capital. So what is expected by the legislation? What is expected by the PRA? What is expected by the insurer? What is expected by the IFoA? What are the experiences so far? Come along and find out.
Introducing a NEW half day seminar within General Insurance!
Event sponsors
| 08.00-08.30 | Registration and Refreshments |
| 08.30-08.35 |
Chair's Welcome Paul Grimsey, Antares |
| 08.35-09.00 |
The GIB's perspective Speaker: Michael Tripp, Mazars; Chair of GIB |
| 09.00-09.40 |
The role and its responsibilities Speakers: Christine McConnell, IFoA and Jerome Kirk, PwC |
| 09.40-10.10 |
What the regulator wants Speakers: Geraldine Finucane and David Lamb, PRA |
| 10.10-10.40 |
View from the Board Speaker: Andrew Hitchcox, Tokio Marine Kiln |
| 10.40-11.10 |
The Lloyd's vision Speaker: Richard Rodriguez and Catherine Scullion, Lloyd's |
| 11.10-11.30 | Morning Refreshments |
| 11.30-12.00 |
Chief Actuary: A company perspective This presentation will provide a company perspective on the issues that were considered in deciding how to set up a Solvency II compliant Actuarial Function. Having decided on the theoretical Actuarial Function operating model, this presentation will consider the journey followed in putting this model into practice, and with the ongoing challenges faced by the Actuarial Function now that Solvency II is live. Speaker: Matt Saker, Aviva |
| 12.00-12.30 |
Chief Actuary: A syndicate perspective Speaker: Nick Line, Markel |
| 12.30-13.00 |
Chief Actuary = Head of Actuarial Function? An Irish perspective This presentation will provide an independent view on the challenges and benefits of implementing the Solvency II Actuarial Function under the Central Bank of Ireland’s ‘Domestic Actuarial Regime and Related Governance Requirements under Solvency II’ and ‘Consultation on Guidance for (Re)Insurance undertakings on the Head of Actuarial Function Role – Consultation Paper 103’. Speaker: Joe Kennedy, Independent Actuary |
| 13.00-13.30 |
Difficulties in providing those opinions - reserving, capital, underwriting and reinsurance Speakers: Kalpana Shah and Neil Hilary, IFoA |
| 13.30 |
Closing Remarks Paul Grimsey, Antares |
| 13.35-14.30 | Lunch |
Event Papers
Location
Address
Staple Inn Hall
High Holborn
London
WC1V 7QJ
Nearest Public Transport
Chancery Lane