The Institute and Faculty of Actuaries is holding this one day seminar to showcase the Highlights of the Life Conference
2015. As you can see from the line-up below, the seminar will cover a range of topics in areas such as Solvency II and
IFRS4 Phase II to product and market issues.
Chair: Iain Horn, FCA
Who should attend?
This seminar is primarily targeted at qualified life actuaries who were unable to attend the conference in Dublin or who did not attend all their preferred sessions whilst at the conference.
Event organiser
Contact Niki Park for more information.
020 7632 2152
CPD
CPD| 09.00-09.30 Registration |
| 09.30-09.40 Chair’s introduction |
| 09.40-10.40 Plenary 1: Masterclass: The Mindset of Achievers This session offers a set of tips, techniques and ideas that help create and record personal goals that are exciting, challenging and motivational. The session goes on to explore how to use these goals to maintain a positive and focused mindset that will help both at work and in personal life. The session will start by looking at how goals work and how they affect us in the way that they do. Many people are reluctant to set goals, the biggest reason being the fear of failure. Speaker: Robin Lines, LDL |
| 10.40-10.45 Transfer to next session |
| 10.45-11.35 Workshop session A A1: Implementation of IFRS4 Phase II - Technical and Practical Challenges In this session we will provide an overview of the key issues to consider when starting your Phase 2 project and the types of activities companies are completing in preparation for the implementation date. Speakers: Dominic Veney, PwC and Richard Olswang, Prudential |
| A2: The Over 50s Rip Off? • Change in the demand for annuities – UK experience and updates from other international experience • Other implications for the insurance industry –guidance, advice, tax, exit fees, legacy products, Lamborghinis and other aspects. Speaker: Tim Bateman, Mazars |
| 11.35-12.00 Refreshments |
|
12.00-12.50 Workshop session B |
| 12.50-13.50 Lunch |
| 13.50-14.40 Workshop session C |
| C1: Stochastic Reserving: Lessons Learned from General Insurance Reserve deterioration is an important risk for all insurance companies. This talk will consider how the bootstrap approach may be applied to life decrements such as mortality and lapses, discussing the advantages and disadvantages. Speaker: Andrew D Smith, Deloitte |
| C2: A New Dawn for Variable Annuities The pension reform act in 2014 has opened the UK retirement market for new forms of savings vehicles, while uncertainty in equity and bond returns compel pensioners to seek investments with downside protection. The presenters, both with directly relevant US experience, will outline the following: • The product features that have been adopted in the US retirement market; • Historical barriers to UK Variable Annuity sales;. Speakers: Gus Williams and James Isherwood, PwC |
| 14.40-14.45 Transfer to next session |
| 14.45-15.35 Workshop session D D1: Herding Behaviour as a Source of Risk – Are Actuaries Immune? Herding is an instinctive animal behaviour that has carried through the evolutionary process to our modern lives. In this talk, the Herding Amongst Actuaries Working Party explores: • Examples of positive and negative herding behaviour in an office environment, including impacts and case studies • Is herding behaviour a significant source of systemic risk? Speakers: Travis Elsum, Deloitte and Colm Fitzgerald, University College Dublin |
| D2: Actuary vs Data Scientist vs Statistician Being a Data Scientist is apparently the sexiest job of the 21st century – but what actually is a data scientist and what do they do? Together with a bona fide data scientist we investigate what they bring to a business. Speaker: Richard Pugh, Mango Solutions |
| 15.35-15.55 Afternoon refreshments |
| 15.55-16.55 Plenary 2: Professional Skills for Experienced Members: The Journey Continues The need to be professional is ever present. The world, and the world of insurance, has moved on from last year, but that hasn’t reduced our need to be professional. If anything the need has increased. We explore some of the current concerns and how you can rise to the challenge. This will be an interactive session Speakers: Malcolm Slee, Professionalism Content Working Group |
| 16.55-17.00 Chair’s closing remarks |
Event Papers
Location
Address
Apex International Hotel
31-35 Grassmarket
Edinburgh
EH1 2HS
Nearest Public Transport
Edinburgh Waverley/Haymarket