You are here

Sessional Research Event: Equity Release Mortgages (ERM)

Tuesday 11 December 2018 17:00 - 19:00

The Equity Release working party will be presenting its paper titled ‘Actuarial Management of ERMs’.  The presentation will summarise the key parts of the paper which cover:

  1. Current economic and regulatory factors affecting the market for equity release mortgages in the UK
  2. A summary of the approaches to modelling the no-negative equity guarantee
  3. The methods used for valuing ERMs under IFRS and Solvency II
  4. Securitisation of ERMs – Why is it needed?  How is it done?  What is their treatment under Solvency II?
  5. Internal rating of ERMs - Why is it needed?  How is it done?  The types of stresses and scenarios considered in rating analyses.

As part of our research we have undertaken a survey of market participants and held one-to-one interviews with market participants.  The results of these market surveys will be presented under the relevant headings above.

Who should attend?
All actuaries working in the Life practice area.

The interim paper can be found here. 

Chair: Paul Fulcher, Milliman
Tom Kenny, Just
Charles Golding, Golding Smith and Partners Ltd
Alex Mockridge, Legal and General Group Plc
Nigel Hayes, Aviva Plc
Scott Robertson, Phoenix Group Holdings

17.00-17.30 Registration
17.30-19.00 Sessional Programme
19.00 Event close




Staple Inn Hall, High Holborn, London, WC1V 7QJ

Nearest Public Transport

Chancery Lane Station