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Thursday 4 October 2018 09:00

This session, now in its fifth year, is aimed at senior actuaries working in life insurance - predominantly Chief Actuaries, but also Reviewing Actuaries and others working in risk and financial reporting.

The session is intended to give participants a briefing on current and upcoming considerations for year end reporting and we are aiming to make it as interactive as possible in order to maximise sharing of perspectives and ideas across the group.
 

This event is intended for:

  • Chief Actuaries
  • Reviewing Actuaries
  • Senior actuaries either working for life offices or consultancies that are involved in year-end valuations and capital modelling.

It will also be of interest to senior people outside of these work streams that want to get an update of what current issues are in this area such as FDs, CEOs and senior management.

 

Emma McWilliam“The ORSA has helped insurers achieve an integrated risk management system, but that doesn’t mean we can rest on our laurels – there are new challenges for us to deal with, such as cyber and technology-related risks.”

Emma McWilliam, Hymans Robertson – Chair on the Risk Appetite Panel Discussion

 

 

 

 

Vi Johnny“Generating high returns on capital in a capital intensive business….is this possible?”

Johnny Vo, Global Investment Research, Goldman Sachs

09:00 - 09:30 Registration
09:30 - 09:40

Intro/Welcome
Chair: Rob Merry, HSBC
09:40 - 10:20

Business transfers and part 7s
A session on business transfers and part 7s, which will also cover other topical matters.
Speaker: Jonathan Russell and Charles Rix, Hogan Lovells
10:20 - 11:00

Highlights of the Mortality and Longevity Seminar 2018
This session will provide the highlights of the Mortality and Longevity Seminar 2018.
Speaker: Beverley Alford, Legal & General
11:00 - 11:20

Refreshments (20 minutes)
11:20 - 12:00

Financial Engineering – is the long term cost too high?
A session to challenge Chief Actuaries around the suitability of financial engineering to drive profits under the current IFRS regime, what we should perhaps be concentrating on and how moving to IFRS17 may change things.
Speaker: Ed Gunby and Johnny Vo, Goldman Sacks
12:00 - 12:40

Regulatory Update: Proposals for an enhanced system to promote the quality of actuarial work IFoA Regulation Team
The IFoA is consulting on the introduction of an enhanced system to gather information about the work being carried out by its members. The information would be used to provide evidence of the quality of actuarial work, to promote best practice and, as appropriate, to develop and adapt training, education, standards and guidance. This session is an update on the consultation and proposals and a summary of how the proposals relate to Chief Actuaries and their employers.
Speakers: Members of the IFoA Regulation Team
12:50 - 13:40 Lunch (50 minutes)
13:40 - 14:25

Economic outlook session
With Brexit, Trump and developments in BoE policy all playing out simultaneously, the economic outlook has rarely been as uncertain. In this session, Ross Walker, NatWest Markets’ Senior Economist, will run through the major themes and consider some of the possible outcomes before asking what this might mean for financial markets.

 Alongside this, market dynamics continue to evolve, with significant regulatory change still in the offing in the form of risk-free rate reform, bank ring-fencing and potential changes to the post-Brexit solvency regime. NWM’s Insurance Solutions team will conclude by looking at ways in which Ross’s projections might combine be mitigated or compounded by the effect of regulatory change, and consider how life insurers might find themselves impacted over the short- and medium-term.
Speakers Giles Gale, Andrew Kenyon, and Ross Walker, NatWest Markets
14:25 - 15:15 State of the Nation on Risk Management, Risk Appetite and Emerging Trends – Panel Discussion

Panel Chair: Emma McWilliam, Hymans Robertson

Speakers: Roshan Lachman, Phoenix
                  Giles Fairhead, PIC
                  Stephen Wilcox, Pension Protection Fund
15:15 - 15:35 Refreshments (20 minutes)
15:35 - 16:15

The implications of climate change for Chief Actuaries
Speakers: Mark Rothwell, Direct Line and Sandy Trust, Grant Thornton
16:15 - 16:55

Panel session: Convergence of Solvency II, are we there yet?
A panel session which will include short presentations by each panellist, followed by a Q&A.  The session will focus on what we need to do to get Solvency II into a steady state. 

Panel Chair: Rob Merry, HSBC

Speakers: Andrew James, PwC
                  Sid Malik, PRA
                  Perry Thomas, Lloyds Banking Group
16:55 - 17:00 Close

 

Event Papers

Location

Address

Staple Inn Hall
High Holborn
London
WC1V 7QJ

Nearest Public Transport

Chancery Lane Tube Station