This free-to-view webinar is the second in a series focusing on some of the ‘hotspots’ identified in the JFAR Risk Perspective bringing the Risk Perspective to life with practical illustrations and insights from subject experts from the IFoA, Regulators and other professions.
This session focuses on the hotspot 'Technological Change and Competence in New Areas’, described as “The risk that actuaries may not adequately understand the latest modelling techniques and approaches; for example, the move towards Machine Learning models.” Whilst the Risk Outlook describes a range of themes that fall under the broad heading of Technological Change, the session will look at issues around Modelling, Big Data and Artificial Intelligence in particular.
This is your opportunity to ask questions of our panel of experts and to learn about activities in this area across the profession including information about resources to help you mitigate these risks.
Panel
Valerie du Preez, Managing Director of Dupro Advisory
Valerie du Preez (FIA) is a consulting actuary that has extensive experience in supporting insurance clients optimise their actuarial, risk, and finance operating models. Specialising in finance transformation (e.g. in the context of IFRS 17 & Solvency II), and as the Managing Director of Dupro Advisory; she and her team work with insurers and startups to drive change and to ensure optimal performance of people, processes, and systems within an actuarial context; with the use of modern-day technologies including advanced data science tools and techniques.
She is the founder of Actuartech a site dedicated to insights on actuarial technology and how it is shaping the roles of actuaries. Through this initiative, she and her team provide hands-on training in the use and application of data science in a business context.
Zhixin Lim, Senior Investment Risk Manager at HSBC Asset Management
Zhixin Lim is a Senior Investment Risk Manager at HSBC Asset Management. He writes about technology and business trends on his personal blog https://www.odds-and-ends.net/
Thomas Toomse-Smith, Head of Innovation and Digital at the FRC
Thomas works across the FRC’s policy remit to identify ways to innovate corporate reporting and make the most of the digitisation opportunity. He has recently looked at how artificial intelligence, structured data, blockchain and virtual reality impact how companies report to investors and regulators. He is a qualified accountant and has worked on corporate reporting in the UK and US as a preparer and an auditor.
Matthew Myring-McCullagh
Matthew is a general insurance actuary working at the FRC. As part of his role he has to consider the implications, and potential risks, of new techniques and technologies on both the actuarial profession and the standards governing the actuarial profession.
Chair
Matt Saker, President-elect, IFoA
Matt has 30 years of experience working as an actuary in the life and general insurance industry. After a long career at Watson Wyatt, Matt joined Aviva in 2009 and currently holds the role of Group Chief Actuary with responsibility for all aspects of the Group’s actuarial methodology in respect of both Life and General Insurance. In addition, Matt is leading the development of data science and the embedding of climate risk within Aviva’s Risk management framework. Matt plays an active role in the UK actuarial profession and was elected onto the Council of the Institute & Faculty of Actuaries in 2016, before joining the Regulation Board in 2018. More recently Matt has been closely involved in the profession’s response to climate change and became President-elect in June 2021.
Event organiser
Contact Events Team for more information.
eventmanagement@actuaries.org.uk
0207 632 1498