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CILA 2020

Wednesday 20 May 2020 08:30 - 17:00

Spaces available

CILA is aimed at practicing life actuaries from life offices, consulting firms and other employers of actuaries. It will also be of interest to all those who work in, or advise on, the life assurance market in the UK and Europe. The programme this year features a timely mix of hot topics including sessions on:

  • The capital management toolkit
  • Mortality/Longevity
  • Developing a climate risk strategy
  • Regulatory update and Actuarial Monitoring Scheme
  • Annuities
  • Data science and actuarial applications
  • Global capital standards

Confirmed speakers

Thomas Bulpitt, Consulting Actuary, Milliman

Thomas is a senior consultant within Milliman’s London Life and Financial Services practice. He joined Milliman in 2011 over which time he has worked with a number of clients both domestically and abroad on Solvency II implementation, M&A, capital management, ALM, and more recently on IFRS 17.

Thomas is the Chair of Milliman’s global IFRS 17 task force and is a member of the IFoA’s IFRS 17: Future of Discount Rates working party.

Valerie du Preez, Managing Director Dupro Ltd

Valerie (FIA) has extensive actuarial experience focusing on developing sustainable finance and risk operating strategies and optimising key business drivers impacting organisational performance.
She advises insurers and technology providers on the use of innovative technologies including advanced data science techniques, that incorporates business domain experience.

She has recently played a key role within the IFoA’s virtual data science conference being on the opening panel with IFoA president John Taylor. She has worked with insurance and software clients within data science, providing advisory services and thought leadership and has been involved in data science and modelling analytics and insights through the IFoA Data Working Party. She was on the joint RSS/IFoA Task Force drafting the ethical guide for practitioners working in data science.

Rodwel Mupambirei, Actuary 

Rodwel is a Fellow of the Institute and Faculty of Actuaries, working in the life sector with a keen interest in applying machine learning techniques in a variety of real-world problems. 

His involvement in data science began when he collaborated with sound engineers in the tech sector in applying deep learning techniques to refine voice recognition accuracy using Python. 

More recently, he has been applying machine techniques in an insurance setting to help identify hidden patterns in data with the aim of providing new business insights. 
Rodwel is an active data science practitioner and  is active in the data science community through Pydata data science meetings. He is currently using machine learning to provide business insights for data managers, pricing actuaries and senior executives.


Event organiser

Contact Events Team for more information.

0207 632 1498

08.30 – 09.00    Registration
09.00 – 09.10 Intro/welcome
09.10 – 10.00                                

Developing and executing a climate risk strategy

Brief overview of the demands of the PRA supervisory statement on financial impacts related to climate change, including case study

  • Industry insights into PRA climate risk business plans – what are the emerging themes and minimum standards which we have observed?
  • Snapshot of an example climate risk strategy setting out key workstreams and activity steps for successful execution
  • Overview of a climate risk strategy execution timeline – turning planning and theory into practical reality
  • What does the future hold? Deep dive into the steps for success in 2020 and pitfalls to avoid

Speakers: Ryan Allison and Sandy Trust, EY

10.00 – 11.00

Professional Skills and Regulatory Update

Speaker: TBC

11.00 – 11.20 Refreshments 
11.20 – 12.10

Growing Pains: taking the strain

The ability to grow and simultaneously enact a progressive dividend policy is key to the valuation of many life insurers. For annuity writers in particular, a key challenge is the need to fund capital-consumptive new business strain (NBS) as a consequence of writing the business intended to fund future distributions.

Speakers: Andrew Kenyon, Natwest Markets and Owen Griffiths, L&G

12.10 – 13.00

2020 mortality developments across the profession

In this session, prominent representatives of the CMI, the MRSC and relevant working parties provide a round-up of the many different mortality developments going on around the profession, with particular slots on:

  • The CMI’s strategic priorities and new initiatives in 2020
  • Latest news on the CMI mortality projections model and a look at 2020 deaths to date
  • New work in progress from the MRSC, including the development of a forward-looking causal model of mortality improvements, and an industry-standard longevity ‘risk behaviour’ taxonomy
  • A brief look at outputs from mortality-related working parties, including Antibiotic Resistance, Diabetes and e-cigarettes

Speakers: Matthew Edwards (WTW and Chair of CMI), Sacha Dhamani (Prudential, Chair of MRSC), and Steve Bale (Munich Re, CMI Mortality Projections Committee)

13.00 – 14.00


14.00 – 14.50

Are we in the era of actuarial data science modelling?

Enabling actuaries to embrace modern day data science tools and to work closely with data scientists is an important link that could give strategic advantages to insurers in the further development of actuarial modelling solutions.

Speakers: Valerie Du Preez, Dupro and Rodwel Mupambirei


14.50- 15.40




Global capital standards – what does the adoption of ICS v2.0 mean?

The International Association of Insurance Supervisors announced on 14 November 2019 the adoption of v2.0 of the global Insurance Capital Standard (ICS) which will undergo confidential reporting for 5 years starting from 2020. This session will include specific experiences from Legal and General (L&G) as well as global industry perspectives from EY, and will cover:

  • Introduction – what is the ICS, why does it matter to UK firms and does it represent an opportunity or concern?
  • Experiences from ICS field testing, including benefits of participation, how it informs lobbying, ways to improve ICS reporting processes
  • Global market perspectives on the ICS (covering Europe, Asia and North America), including how the ICS is influencing other solvency regimes such as Solvency II (and the UK prudential regime post Brexit)
  • What the future holds for the ICS


Speakers: Kenny Cheng, EY, and Anthony Buck, L&G

15.40 – 16.00


16.00 – 16.50                                                                                                    

The capital management toolkit

Efficient capital management under Solvency II and IFRS17 is a key driver for life insurers.

A range of innovative capital optimisation approaches have been developed within the industry, using capital markets or reinsurance.

This talk will look at a range of such techniques (e.g. mass lapse risk transfer, contract boundaries, risk margin relief, non-standard longevity risk transfer) that have been applied or considered by UK and EU insurers, and the pros and cons of each.

Speakers: Paul Fulcher and Tom Bulpitt, Milliman

16.50 – 17.00                               Close




Royal College of Physicians, 11 St Andrews Pl, London NW1 4LE

Nearest Public Transport

Regent's Park or Great Portland Street Tube Station

Pricing information

Member £410
Non-member £550


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