General Insurance Machine Learning in Reserving

Notice is hereby given that the Annual General Meeting of the Institute and Faculty of Actuaries will be held online via a live webinar on Monday 15 June 2020. This will be followed by a Q&A session with the IFoA Leadership Team.

This session will focus on two important IFoA developments: the new Actuarial Monitoring Scheme (AMS) and the outcome of its substantive review into the CPD scheme. 

Technical Issues in General Insurance

Part of the Protection, Health and Care Conference 2020 webinar series

A prospective research study - the first to look at an insured population sample - designed to test whether psychosocial factors predict return to work in disability claims.

This talk will cover how to build better portfolios by ESG factor-neutralizing and how investors can position portfolios to be more resilient in relation to the wide-ranging financial effects of climate change.

Part of the Protection, Health and Care Conference 2020 webinar series

In this session we will present the results of an international survey of claims assessors. We will explore key similarities and differences in claims practices in different locations, and their impact on the management of disability claims. 

The release of the PRA consultation paper may signal a good time for insurers to review and update their liquidity risk management framework. Within this presentation we discuss our interpretation of what the PRA’s liquidity consultation paper means for insurers and how this compares to our understanding of current market practice through answering the following questions: 

Nearly a decade on from the ‘Hutton Report’, let’s understand the changes made, how the schemes operate, and stand back and assess the successes or otherwise of public service pension reform.

Although ESG has many buyers across the asset allocation community, from pension funds to sovereign wealth funds, it still hasn’t found its place within the core asset management strategy desks where the money is actually invested. The problem as well as the opportunity is Fixed Income.

A practical and theoretical look at risk from wider perspectives, drawing on theories and examples from other fields, as well as social experiments, the session aims to stimulate members to consider information asymmetry, bias, Bayesian methods, behavioural finance and behavioural psychology when determining pension scheme risk. 

This talk expands on recent changes to Solvency II regulation to include sustainability risks and explores whether private equity offers an opportunity for making l long-term and impactful investments. 
We will answer the following questions: 

How sustainable private equity could be used in your portfolio to qualify for more favourable capital treatment under Solvency II?

In this talk we cover the practicalities of implementing ESG within real asset investment decisions. Capital deployed in real assets is invested for a long term and has far reaching impact on the environment and society.  However, implementing ESG into real asset investment decisions is not straightforward and requires a different approach to public market assets.

An update from the Continuous Mortality Investigation (CMI). Content will focus on the work of the Self-administered Pensions Schemes (SAPS) Mortality Committee and the Mortality Projections Committee and will cover the most relevant and up-to-date outputs.

The IFoA is running a webinar on Thursday 9 July 2020 which will focus on the challenges and issues facing defined contribution savers who wish to access illiquid investments.

Our speakers will provide perspectives from their diverse experience, including DC fund implementation, platforms, master trusts, the role of trustees, regulation, and parallels with other fund types. They will then come together in a panel discussion with audience interaction. 

The webinar is likely to be of interest to actuaries working across the spectrum of financial services, including investment advisers, asset managers, insurers, fund platforms and DC master trusts.

Climate change risks are likely to become material for many risk management and investment decisions. This will require to incorporate explicitly climate change in the tools used for risk management and investment decisions. At present existing climate change tools are often too crude for decision making.

Part of the Protection, Health and Care Conference 2020 webinar series

This session will provide an overview of the Population Health Management Working Party's research including defining impactability and impactability modelling, discussing some examples of specific modelling approaches, considering the practical challenges across the NHS as well as wider public perception and ethical issues.

Part of the Protection, Health and Care Conference 2020 webinar series

With the rising prevalence of dementia, how can we manage this risk effectively and can insurance do more? Matt Singleton, Ageing Lead at Swiss Re, will cover these topics and demonstrate how insurance could help people address their concerns.

Part of the Protection, Health and Care Conference 2020 webinar series

Part of the Protection, Health and Care Conference 2020 webinar series. Modelling the structure and trends of cancer morbidity risk is important for pricing and reserving in related health insurance fields such as critical illness insurance and care provision. We model the dynamics of cancer incidence over time in different regions in England, using 1981-2016 ONS data. The modelling allows estimation of cancer rates at various age, year, gender and region levels, following a Bayesian setting to account for statistical uncertainty. Our analysis indicates significant regional variation in cancer incidence rates.