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Modelling Dangers – What to look out for in Terms of Poor Model Selection and Calibration

Monday 27 July 2020 17:00 - 18:00

This is the fourth webinar in the Extreme Mortality Events webinar series presented by Chair of the Life Board of the Institute and Faculty of Actuaries, Colin Dutkiewicz. 

As insurers look towards their internal model calibration process for 2020 final year financials and statutory returns, actuaries need to deal with the complexity of adequately modelling their business in 2020 and beyond. This discussion will look at what poor model selection and calibration could look like – using inappropriate historical data; using incorrect 2020 mortality data; inappropriate stochastic model recalibration (or lack thereof). What about being prudent vs setting a best estimate? How do you allow for tail risks during a tail risk event?  The panellist will discuss these and more, with opportunity for audience questions.

Chair:

Colin Dutkiewicz

Colin Dutkiewicz leads Aon’s global life reinsurance team from London. He has 30 years’ experience through the full life insurance value chain. He has been a personal financial advisor, consulted on distribution management, worked in direct office product development and pricing, managed reinsurance underwriting, pricing, client management functions and held a role as a global corporate actuary for a major reinsurer. 

This experience allows him to have significant insight into the issues of insurers and reinsurers alike. Most relevantly, he has conducted reviews for multinational companies across the globe, including a portfolio of over $1.5bn of pandemic insurance.

Colin is a Fellow of the Institute of Actuaries and is the Chair of the Life Board of the Institute and Faculty of Actuaries. He is also co-chairing the IFoA’s C19 Action Group. He has an MBA from the University of Cape Town.

Event organiser

Contact Niki Park for more information.

Niki.Park@actuaries.org.uk

020 7632 2152

This webinar will take place from 17.00-18.00 with time at the end for Q&A.

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