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: Michelle Lister, PwC
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. Speakers: Tim Bateman, Mazars and Matt Logan, Aviva |
| 11.35-12.00 Refreshments |
| 12.00-12.50 Workshop session B |
| B1: Cash, Capital and Returns: How Solvency II Impacts Investors Solvency II represents a major change in how insurance regulatory solvency is assessed on a macro perspective. It also impacts pretty much all company KPIs, including cash, capital and returns both in aggregate and by business line. Speaker: Simon Woods, EY |
| B2: La Dolce Vita or Mission Impossible Working abroad can be one of the most rewarding experiences on offer in the modern work place, however it is not without its challenges The speakers have both worked abroad and provide insight on: • What to expect, • The benefits (and pitfalls); and • How to maximise the experience when you move on. Speakers: Samuel Lever and Brian Paton, PwC |
| 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: Chris Reynolds, PartnerRe and Richard Pugh, Mango Solutions |
| 15.35-15.55 Afternoon refreshments |
|
15.55-16.55 Plenary 2: Professional Skills for Experienced Members: The Journey Continues |
| 16.55-17.00 Chair’s closing remarks |
Location
Address
CCT Venues Plus-Bank Street
40 Bank St,
London
E14 5NR
Nearest Public Transport
Canary Wharf, DLR/Jubilee Line