CIGI is a well-established one-day seminar aiming to increase awareness and encourage discussion on a variety of topical issues and the latest research. There will be an excellent and diverse line-up of speakers to provide a variety of perspectives and challenge covering technical and professional areas.
CIGI has a mix of plenary sessions, and workshops where you can look in more detail at areas specific to your work. The breadth of the programme makes it suitable for all nearly qualified to experienced actuaries working in any area of general insurance. The variety of attendees makes this a great opportunity to network with other general insurance actuaries too.
Event organiser
Contact Niki Park for more information.
020 7632 2152
Event sponsors
Provisional timetable
08.30-09.00 | Registration and refreshments |
09.05-10.05 |
What does Brexit mean for Insurers? Following the result of the referendum in June last year, the UK insurance industry has been grappling with the question of how does Brexit impact us? The session will consider:
David Innes, RSA; Alex Marcuson, Marcuson |
10.10-10.55 |
Workshop A A1: Framing and Messaging Reserve Uncertainty After its debut at GIRO, the Measuring Uncertainty Qualitatively GI ROC Working Party looks forward to sharing their reserve uncertainty framework with attendees of CIGI. This will be an interactive session with a new example for members to put the framework into context of reserving work. Do you know all the risks your reserves are subject to when discussing reserve review results? Erin Bargate, Hiscox; Tim Jordan, Medical Protection Society A2: PPO Working Party - Qualitative Survey Output Through the early period of 2017 we have been conducting interviews with senior actuaries in the market. We have asked about their approach to PPOs, including pricing, reserving and capital. We are presenting the results of this work here. The purpose of this presentation is to present a large amount of new information, there may be a small amount of old data used to set the scene Peter Saunders, CHUBB; Patrick Tingay, Willis Towers Watson A3: IFRS 17 - Will you be Ready for 2021? The new accounting standard for insurance contracts, IFRS 17, is expected to be published in May 2017 and will be effective from 1 January 2021. The planning phase for a major change like this is key and the IFRS 17 Working Party for General Insurers was formed following GIRO 2015 to investigate both the technical and operational impacts that the new Standard is likely to have. At first sight IFRS 17 may appear to have a lot similarities with Solvency II but significant differences in both recognition and measurement of insurance contracts are becoming apparent. Join us in this workshop to find out more about the technical requirements and practical implications. Please note that this will be similar in content to our GIRO 2016 workshop. No prior knowledge is required. Laura Barella, PwC; Helen Cooper, Hiscox; Alice Boreman, Deloitte A4: Personal Skills Session: Digital Reputation – Managing your Online Brand After meeting someone new where do you go to find out more about that person? Google? Their Website? Social media? There is so much information now written about us online that we need to carefully manage our reputation online and make sure the right information shows up when people are searching for us. In this interactive workshop we will look at, where people search online, what shows up about you and how you can take control of this. Pop-Up School Business |
10.55-11.15 | Morning refreshments |
11.15-11.45 |
InsurTech and How Actuaries Can Help InsurTech is the new buzz-word of the insurance industry. This talk discusses InsurTech business models and why founders feel they can make a difference to our industry. What skills do these new firms need? How can actuaries help? With these new firms, actuaries need to demonstrate expertise, commerciality and value to be part of this entrepreneurial movement. Buu Truong, Insight |
11.45-12.20 |
The Critical Role of Cybersecurity and Cyber-Breach Insurance: How and why it is Bought and Sold Michael Colao, AXA |
12.20-13.20 | Lunch |
13.20-14.35 |
Impact of Court Discount Rate Changes Neil Sugarman, APIL, Grant Mitchell, Co-op Insurance; Tracey Pike, Zurich and Gus Park, DLG |
14.40-15.25 |
Workshop B B1: An Introduction to Bayesian Analysis and Bayesian Regression in R In this workshop we introduce the concept of Bayesian statistics and how Bayesian reasoning can be used to solve a wide variety of problems. With the basics established, we move on to show the Bayesian approach to a simple linear model on claim size and how to interpret the output. Specific learning points are: * The key concepts of Bayesian reasoning Michael Crawford; Michael Cooney, Barnett Waddingham B2: An Update from the Third Party Working Party Seventh iteration of the Institute and Faculty of Actuaries Third Party Working Party (TPWP), which investigates third party motor claims (injury and property damage). The scope focusses on private car comprehensive experience and includes geographical analysis as well as the impact of recent regulatory change. Claim experience is expected to be enhanced by a range of additional analyses including but not limited to economic, traffic density and wider insurance market (e.g. claim management companies) developments. Please note that this is the same material that was presented at GIRO 2016. Simon Black, Aviva; Robert Treen, Willis Towers Watson B3: Visualisation of Capital Modelling Outputs and its Use Communication of complex and technical work remains a challenge for the profession, particularly with regard to capital models as such outputs are used in wider areas such Risk Management. Communication challenges arise across all communication groups (upwards to senior management, to our peers, regulators, to other related users of the model outputs, and indeed even to the actuaries working on their own models). Key learning points include:
Nasir Shah, ANN Consulting; Martin Cairns, Aviva B4: Personal Skills Session: Enhancing your Communication Technique using Video, Podcasting, and the Telephone for Structuring and Sharing Ideas As workforces become more distributed with people working across the globe and from home different communications methods are becoming more and more important for sharing ideas and collaborating with colleagues. This interactive workshop looks at communicating over different platforms such as video, audio and other formats and helps you to choose the right tool for your objective. If you manage or work in a distributed workforce that is doing more and more online then this is the workshop for you. Pop-Up School Business |
15.25-15.45 | Afternoon refreshments |
15.45-16.10 |
The Macro-Economic Environment — The Backdrop to Insurance Companies’ Investment Strategies • Discussion on the current economic climate and potential implications for insurers Gareth Sutcliffe, EY; Sam Tufts EY |
16.15-16.45 |
What can we Learn from an Ideal Capital Modelling Team During late 2016 and early 2017, we interviewed 35 general insurers and reinsurers to understand how they are getting maximum value and efficiency from their capital modelling, and prepared an industry publication setting out findings. This session will cover the findings from these discussions, from the perspective of both the capital modelling team and the wider business. Key learning points will be insight from across the industry on how to: •Key qualities shared between insurers finding most value from their modelling Tom Durkin, LCP |
16.45-17.45 |
Professionalism: GI Actuarial Behaviour – What’s Right and what’s Left Never before have your day-to-day practices been so fundamentally challenged. “Risk alerts mean nothing to me” Think again. “The TAS changes are just window dressing; it’s business as usual” Think again. “I am always careful with privileged information” Think again. Richard and Neil will get you discussing some of today’s crucial topics and their impact on you personally, your firm and the profession. Come prepared for an argument! Richard Winter, IFoA Professionalism Content Development Working Group; Neil Hilary, IFoA |
17.40-18.45 | Chair's Closing followed by Drinks Reception |
The full programme will be finalised shortly.
Location
Address
Inmarsat, 99 City Rd, London EC1Y 1AX
Nearest Public Transport
Old Street Station