Whilst insurers have been performing stress and scenario testing for many years, in the last 12 months the PRA has increased its focus on the ability to identify, measure and increase financial and operational resilience. This webinar will focus on the how Recovery and Resolution Planning [RRP] can bring tangible business benefits and will include insight from the recent experience of Phoenix in developing its Group RRP. Our talk will also consider what lessons can be learned from Covid-19 for RRP and how going forward there may be value in integrating financial and operational resilience activity.
Thanks to your invaluable feedback following the successful 2020 Life Virtual Conference, the Life Lifelong Learning Committee have created four brand new webinars that reflect the latest advances and emerging trends influencing the Life insurance sector today. These webinars will be broadcast live on 12 and 16 March.
This webinar will run from 13.30 - 14.30 (UTC)
If you would like to register or find out more about the other webinars in this March series, please follow the links below:
12 March 10.00-11.00 (UTC) – Implications of Climate Change for Life Insurer's Risk Modelling and Strategic Asset Allocation
16 March 10.00-11.00 (UTC) – The price is righter
16 March 13.30-14.30 (UTC) – Transactions & fund restructuring - maintaining momentum in a changed landscape
Contact Events Team for more information.
0207 632 1498
Matt Benson, KPMG
Matt is a Senior Manager in KPMG’s Insurance Risk Practice. He has almost 10 years of experience of supporting both Life and Non-Life insurance clients in the design and enhancement of risk and capital management arrangements.
Matt has recently supported clients to enhance stress and scenario testing arrangements, Recovery and Resolution Plans and ORSA reporting. He is also currently advising clients on the implementation of incoming Operational Resilience regulations and developing approaches to manage the Financial Risks from Climate Change.
Lucia Lumsdon, KPMG
Lucia is a Director in KPMG’s Life Actuarial Practice with almost 20 years’ experience in the Insurance industry. In this time she has worked across the various functions in life insurers as regulation has evolved, latterly in senior roles leading or co leading engagements working across the first and second line in consulting projects interfacing with C suite executives.
Recently Lucia has supported several clients with risk and capital management solutions including the preparation of Recovery and Resolution plans, Ancillary Own Funds applications and responses to Covid-19.
She has also worked on number of finance transformation projects, including actuarial model migration as part of a portfolio transaction and IFRS17 implementation support.
Dylan Brooks, Phoenix Group
Dylan is Head of Financial Risk Projects, within the Risk function at Phoenix Group. Dylan is a senior actuary with over 20 years of risk and actuarial experience in the life insurance sector gained at Prudential, Old Mutual and Phoenix. In his current role at Phoenix he is responsible for providing independent second line risk oversight of corporate transactions and strategic projects, including M&A deals, bulk annuity transactions, reinsurance, capital optimisation, and other innovative forms of risk transfer.
In relation to the subject matter of the webinar in question, Dylan has been leading the Risk function’s engagement in Phoenix’s Recovery & Resolution Planning programme, and will share his practical insights on implementation.