INSURANCE RISK EUROPE: 5TH OCTOBER 2017

8.30am Registration and refreshments

09:05 WELCOME REMARKS

Rob Mannix, Editor, Asset Management, RISK.NET

09:10 CHAIR'S OPENING REMARKS

Erik Vynckier, Board member, FORESTERS FRIENDLY SOCIETY

*Interactive Audience Poll via Sli.do
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09:35 CRO PANEL DISCUSSION: Surviving in an era of change and upheaval

  • What is the biggest regulatory challenge? Is excessively growing regulation a risk? Is regulation stifling innovation or is it a necessary check?
  • Which of the current and emerging risks- regulatory risk, geopolitical risk, liquidity and systemic risk are of most concerns to CROs? How do you set up your risk spetite to meet market risk?
  • Low interest hitting liabilities valuation, risk margin, cost of guarantees and SCR- are legacy and new business' profitable under these conditions?
  • Are firms preparing for the threat of large scale, data-driven "Google financial services" or "Amazon financial services" and their impact on the current insurance business model?

Moderator: Rob Mannix, Editor, Asset Management, RISK.NET
Simon Gadd, Group Chief Risk Officer, LEGAL & GENERAL
Lukas Ziewer, Chief Risk Officer EMEA, METLIFE
Mark Chaplin, Chief Risk Officer, UK Insurance and UK Life, AVIVA
Peter Shepherd, Chief Risk Officer, ROTHESAY LIFE

10:20am KEYNOTE ADDRESS: Insurance CROs- Ready to move from defense to offense?

Raj Singh, Group Chief Risk Officer, STANDARD LIFE ABERDEEN

*Audience Q&A
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10:50am REGULATORY KEYNOTE ADDRESS: What will the future hold? The European insurance industry in times of major disruption

Manuela Zweimueller, Head of Policy Department, EUROPEAN INSURANCE AND OCCUPATIONAL PENSIONS AUTHORITY

*Audience Q&A
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11:40 Morning coffee and networking break

12:10pm CIO PANEL DISCUSSION:Changing investment strategies

  • How has the current liquidity and capital constrained environment impacted your appetite towards non-traditional and traditional assets?
  • Investing in growth assets in a capital constrained world
  • Which factors are likely to have the biggest influence on your asset allocation?
  • Now that SII numbers are published with the local regulator, how are insurers changing their asset allocation across share/policy holder assets, & why?
  • How do you risk-manage foreign investments?
  • How much real discretion can an insurance manager hand over to the portfolio manager?

Moderator: Russell Büsst, Chief Executive Officer & Chief Investment Officer, CONNING
Samu Anttila, Chief Investment Officer, LOCALTAPIOLA LIFE
Marco Diolosa, Head of Rates and Derivatives, PENSION INSURANCE CORPORATION
Prasun Mathur, Head of Investments, UK and Ireland Life, AVIVA

*Audience Q&A
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12:55pm IN CONVERSATION WITH: Delving into longevity risk for European insurers

  • How has solvency II regulation affected the longevity transfer market?
  • How do we get individuals to value longevity risk protection?
  • How easy is it to unwind a longevity swap if you subsequently want to carry out a full buy-out?

Moderator: Erik Vynckier, Board member, FORESTERS FRIENDLY SOCIETY
Paul Sauve, FSA, FCIA, DAV, Senior Vice President, EMEA, RGA

1:25pm Lunch and networking break

2:25pm PRESENTATION: Geopolitical risk and its impact on the industry

  • How to reflect the increased economic and political uncertainty caused by Brexit in your risk - based capital models? I.e are you holding more capital?
  • What is the future of passporting under Brexit?
  • The future of SII in the U.K- If the U.K. goes for a hard Brexit, will its insurance regime have an equivalence with EU's Solvency II regime?
  • Will the U.S.Trump presidency cause a systemic event? What are the risks?

Roger Dix, Chief Risk Officer, WESLEYAN

 2:55pm PRESENTATION: ORSA- Dealing with expectations and involving the Board

Paul Barrett, ERM Chief Operating Officer (EMEA), AIG

3:30pm Afternoon break and networking break

4:00pm REGULATORY PANEL DISCUSSION: Reviewing SII - post-implementation and reporting

  • What are your expectations of insurers in terms of SCR levels i.e. above 100%? Can an insurer's SCR cover ratio be too high? How does an insurer cope with variability of the SCR, outside its own control - max SCR is more than twice min SCR?
  • SII balance sheets are highly pro cyclical, and this is the main driver of forced sale liquidity risk, so how can an ICS that starts from SII be a solution?
  • Do you believe SII has led to European insurers being more competitive or less competitive on the world stage? Has Solvency II created a level playing ground?
  • Has Solvency II produced regulatory convergence?

Inna Aaltonen, Head of Insurance Solvency & Supervisory Reporting, FINANCE FINLAND
Teemu Jokela,
Chief Actuary, KALEVA MUTUAL INSURANCE
Laura Johnston,
Head of Methodology and Economic Capital, LV=
Oscar Kitasoboka,
Chief Actuary- Head of GI Actuarial & GI Financial Performance, LEGAL & GENERAL

*Audience Q&A
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4:45pm ALL-STAR PANEL: Maximizing operational risk efficiency

  • How do you effectively identify, assess, measure and manage operational risk events
  • Use of GRC tools and techniques to inform operational risk management
  • How to use your GRC tool across various business lines
  • The benefits of customising your risk register or taxonomy

Moderator: Michael Bartholomeusz, Former Chief Risk Officer, Formerly FLOOD RE and Deputy Chair, ORIC INTERNATIONAL
Simon Cartlidge, Head of Operational Risk Governance, LEGAL & GENERAL
Chris Allen, Head of non-financial risks, WESLEYAN
David Phan Dinh, Head of Operational Risk, ROTHESAY LIFE

5:35pm CHAIR'S CLOSING REMARKS

Erik Vynckier, Board member, FORESTERS FRIENDLY SOCIETY

5:35pm End of conference and networking drinks