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Monday 30 November 2015 09:00 - 17:00

With increasing focus on capital modelling from Boards, rating agencies, regulators under Solvency II and analysts, this timely seminar provides time to step out of the day-to-day and consider:

  • Other external perspectives on capital modelling, and its uses; and
  • The next steps in improving capital models.

The seminar will cover a variety of topics from the value of Internal Model output to senior management, boards and investors to future technical developments in ESGs, cat models and capital modelling software.  There will be plenty of scope for discussion with the speakers and other capital modellers, and we hope that you will find the seminar interesting and thought-provoking.

Primarily actuaries involved in capital modelling and risk should attend, but also anybody involved in the modelling process or with an interest in the output and use of models. All levels of technical background welcome.  In general, the seminar is not geographically specific, but the PRA presentation will be UK focussed.

CPD

CPD
6.00 hours

09.00 - 09.30

Registration and refreshments

09.30 - 09.45

Chair’s Opening Roger Jackson, KPMG

09.45 - 10.15

Regulatory Update
What are the current hot topics from the regulators, with regards to IMAP, and what are likely future areas of concern.
Representative(s)from the PRA

10.15 - 10.45

Rating Agency Perspective
What is the impact of an insurance entity's capital modelling capability on the assessment of their rating? Also, future developments in the approach to rating models.
Dr Mathilde Jakobsen, A.M. Best

10.45 - 11.15

Morning refreshments

11.15 - 11.45

Business Value: The Holy Grail
Leveraging capital models to gain business value beyond the regulatory.
Andrew Hitchcox, Tokio Marine Kiln

11.45 - 12.15

Board Perspective
What do Boards feel about Capital Models? What is currently done well, and what could be improved?
David Hindley, NED

12.15 - 12.45

Q&A Panel
Panel session with questions from the floor to a panel comprising all morning speakers.

12.45 - 13.45

Lunch

13.45 - 14.15

Technical Update on Capital Modelling
What is the current next step/state-of-the-art in capital modelling capability?
Jonathan Broughton and Mark Sinclair-McGarvie, RPC Consulting

14.15 - 14.45

ESG Limitations and Developments
Current limitations of Economic Scenario Generators, and future developments to mitigate those limitations.
Sam Worthington, Towers Watson

14.45 - 15.15

Cat Model Limitations and Developments
Current limitations of Catastrophe Models, and future developments to mitigate those limitations.
Ian Bartholomew, RMS

15.15 - 15.45

Afternoon Refreshments

15.45 - 16.15

Are you Building a Titanic?
Author of Making a Market for Acts of God. Will speak about the dangers of increasingly widespread reliance on complex financial models.
Prof. Paula Jarzabkowski, Cass Business School

16.15 - 16.45

Model Design: Lessons from IT
What lessons are there from large IT project management that can be used to improve the design and change management processes around Financial Models.
Tim Thornham, Aviva

16.45 - 17.15

Q&A Panel
Panel session with questions from the floor to a panel comprising afternoon speakers.

17.15 - 17.30

Chair's Closing
Roger Jackson, KPMG

17.30 - 18.30

Networking Drinks Reception

kindly sponsored by 

 

A full programme containing the agenda is available to download here.

Event Papers

Location

Address

Staple Inn Hall
High Holborn, 1-3 Staple Inn
London WC1V 7QJ
 

Nearest Public Transport

Chancery Lane