This session, now in its fourth year, is aimed at senior actuaries working in life insurance - predominantly Chief Actuaries, but also Reviewing Actuaries and others working in risk and financial reporting.
The session is intended to give participants a briefing on current and upcoming considerations for year end reporting and we are aiming to make it as interactive as possible in order to maximise sharing of perspectives and ideas across the group.
Sessions will include presentations on:
- What keeps Chief Actuaries up at night?
- IFRS 17 for Chief Actuaries
- The End Game of With-Profits
- Mortality update
- Solvency II Matching Adjustments
- Solvency II Transitional Measures
- Mutuals Round Table
- Balance Sheet Volatility
- Presidential Update from Marjorie Ngwenya
- SFCRs.
The event will be chaired by Kim Durniat, Barnett Waddingham and Chair of the Life ECPD Sub-committee.
Event organiser
Contact Events Team for more information.
eventmanagement@actuaries.org.uk
0207 632 1498
| 09.00 – 09.30 | Registration |
| 09.30 – 09.40 | Welcome and Introduction |
| 09.40 – 10.20 |
What Keeps Chief Actuaries up at night? A discussion of current key issues for Chief Actuaries, and what can be done to alleviate each of them in practice? Speakers: Andrew Chamberlain, Just and Kim Durniat, Barnett-Waddingham |
| 10.20 – 11.00 |
Key Mortality Update for Chief Actuaries A key mortality update for chief actuaries. Speaker: Beverley Alford, L&G |
| 11.00 – 11.20 | Refreshment Break |
| 11.20 – 12.00 |
Main Room Session - Solvency II – Update from IFoA Matching Adjustment Working Party and the PRA An update from the Life Board Matching Adjustment Working Party. Speakers: Ross Evans, Hymans Robertson and Michael Henderson, L&G |
| 11.20 – 12.00 |
Break Out Session - Mutuals Round table A Mutuals Round Table session chaired by Steve Dixon. Numbers for thsi sesion are limited to 20. Speaker: Steve Dixon, Steve Dixon Associates LLP |
| 12.00 – 12.40 |
Solvency II - Update from the IFoA TMTP Working Party and the PRA An update from the Life Board TMTP Working Party. Speakers: Jamie Cooke, Aviva and Anthony Plotnek, Retirement Advantage |
| 12.40 – 13.40 | Lunch |
| 13.40 – 13.55 |
Presidential Update Speaker: Marjorie Ngwenya, President, Institute and Faculty of Actuaries |
| 13.55 – 14.35 |
SFCR’s - the Good, the Bad, the Ugly Insurers published their first Solvency and Financial Condition Reports in the last 12 months. This session reviews the approaches adopted by insurers in presenting this information and how might insurers might improve their narrative reporting for the benefit of users, management and the regulator, and factor this into their SFCRs for end 2017. Speaker: Matt Francis, KPMG LLP |
| 14.35 – 15.15 |
Topical Issues Facing WP firms: Challenges and Opportunities Speaker: Dan Diggins, Ernst Young |
| 15.15 – 15.35 | Refreshment Break |
| 15.35 – 16.15 |
IFRS17 for Chief Actuaries IFRS 17 is a principles based accounting standard. As such there are a number of decisions that need to be made on implementation, many of which require actuarial judgement. This talk will look at the key choices and decisions that need to be made, the information required to feed into these decisions and the impact they can have on the resulting balance sheet and P&L. Speakers: John McKenzie and Elaine Murphy , Hymans Robertson |
| 16.15 –16.55 |
KIDs for PRIIPS Regulations
Speaker: Scott Eason, Barnett-Waddingham |
| 16.55 – 17.00 | Close |
Event Papers
Location
Address
Staple Inn Hall, High Holborn, London WC1V 7QJ
Nearest Public Transport
Chancery Lane Tube Station