Insurance Risk Europe - 6th October 2016

08:30 Registration and refreshments

09:00 WELCOME REMARKS

Rob Mannix, Editor, Asset Management, RISK.NET

09:05 CHAIR'S OPENING REMARKS

Erik Vynckier, Board member, FORESTERS FRIENDLY SOCIETY

*Interactive Audience Poll via Sli.do
Vote live to generate real time content #IRE2016

09:15 OPENING ADDRESS: Insurance regulatory landscape - embarking on a new voyage

David Cobley, Head of Advisory, Analytics and Actuarial Services - Insurance Directorate, CENTRAL BANK OF IRELAND

09:50 PANEL DISCUSSION: Systemic risk in insurance

  • Systemic risk in insurance and the designation process for G- Siis
  • The implications: increased supervisory scrutiny and additional capital requirements
  • Stumbling blocks and outlook: the MetLife decision; the road to the insurance capital standard

Moderator: Erik Vynckier, Board member, FORESTERS FRIENDLY SOCIETY
Tobias Buecheler,
Head of Regulatory Strategy, ALLIANZ GROUP
Paolo Cadoni,
Technical Head, Insurance Policy Department, PRA; Chair, IAIS Capital, Solvency and Field Testing WG, IAIS
Alberto Corinti, Member of the Board of Directors, IVASS; Member of the Managing Board, EIOPA

*Audience Q&A
Submit your questions via sli.do

10:35 Morning break and opportunity to network

11:05 PRESENTATION:Multi-asset funds for insurance companies - a source of capital-efficient return?

  • Prudent Person Principle - what are the key considerations for multi-asset funds?
  • Modelling risk for multi-asset funds.
  • How can insurance companies calculate their regulatory capital charges?

Iain Forrester, Investment Director, Insurance Solutions, STANDARD LIFE INVESTMENTS

11:40 CRO briefing - Brexit fallout and other emerging risks

  • What are the key risks you, as CRO, are seeking to manage?
  • How are these risk quantified and then articulated to the CEO and Board?
  • Adapting the business to achieve sustained growth
  • Implications of Brexit for the UK and European insurance industry
  • What are the emerging risks currently causing major concern?

Moderator: Bernt Sagård, CRO, STOREBRAND
Roger Dix,
CRO, WESLEYAN
Sue Kean,
CRO, OLD MUTUAL
Fabio Battaglia,
Group Risk Management - Head of Investment and Liquidity Risk, GENERALI
Jim Ewing,
CRO, AEGON UK

12:30 Lunch and networking break

 

STREAM 1: Risk Management

STREAM 2: Asset and Liability Management

13:30

CHAIR'S OPENING REMARKS

Bernt Sagård, CRO, STOREBRAND

CHAIR'S OPENING REMARKS

Erik Vynckier, Board member, FORESTERS FRIENDLY SOCIETY

13:35

LIVE INTERVIEW: Managing in a prolonged low interest rate environment

  • 30 years of declining interest rates - Another 5 years to come?
  • What are the challenges being faced by life insurers due to the continued low interest rate environment?
  • How do you incorporate negative interest rates into risk models?
  • How to adapt your business model to guarantee sustained growth in the future?
  • Challenges with implementing solutions at historical low interest rates

Moderator: Matthew Lightwood, Ph.D, BSC (HONS), Director, CONNING & COMPANY
Stewart Gray, Group Financial Risk Director, STANDARD LIFE
Bernt Sagård, CRO, STOREBRAND

LIVE INTERVIEW: Making the most of the matching adjustment

  • How to identify, organise and manage matching adjustment portfolios
  • Asset eligibility
  • Restructuring ineligible assets
  • The treatment of forex hedging programmes for non-sterling bonds
  • Securities lending and posting collateral to CCPs

Moderator: Erik Vynckier, Board member, FORESTERS FRIENDLY SOCIETY
Prasun Mathur, AVIVA
Viktor Mirkin, Head of Analytics and Optimisation, PENSION INSURANCE CORPORATION




14:15

PRESENTATION:Longevity risk

  • Treatment of longevity risk under Solvency II
  • Key drivers for longevity risk transfer
  • The mechanics of longevity risk transfer

Joseph Lu, Director, Longevity Science, LEGAL & GENERAL

LIVE INTERVIEW: Structural premiums

  • Do regulatory constraints on banks enable insurers to take advantage of structural premiums?
  • What enables insurers to undertake a strategy of seeking out structural premiums and how can the benefits be maximised?

Moderator: Erik Vynckier, Board member, FORESTERS FRIENDLY SOCIETY
Neil Snyman, Head of LDI, AVIVA
Adam Carroll, Portfolio Manager, ROTHESAY LIFE

14:50

CHAIR'S CLOSING REMARKS

CHAIR'S CLOSING REMARKS

14:55 Afternoon coffee and networking break

15:25 KEYNOTE INTERVIEW

Fausto Parente, Executive Director, EIOPA


Interview led by Rob Mannix, Editor, Asset Management, RISK.NET

16:00 360° PERSPECTIVE REGULATORY PANEL DISCUSSION:

  • Interpretating Solvency II: the volatility adjustment, matching adjustment, treatment of sovereign bonds and credit and longevity risk
  • What is an acceptable solvency coverage ratio?
  • Is there a ratio that renders insurance companies uneconomical? How to justify why a ratio is safe? Is this the new normal?
  • Internal model firms vs standard model firms - what is expected?

Moderator: Erik Vynckier, Board member, FORESTERS FRIENDLY SOCIETY
Evelyne Massé,
Deputy Director - 2nd insurance supervision directorate (DCA2), ACPR- BANQUE DE FRANCE
Per Plougmand Baertelsen,
Director, Life-assurance Division, FINANSTILSYNET
Fausto Parente,
Executive Director, EIOPA

*Audience Q&A
Submit your questions via sli.do

16:45 INTERVIEW: Annuities, what does the future hold?

  • How Solvency II and market reforms affect the writing of annuities business
  • What does the risk margin mean for bulk annuities?
  • Examining the pros, cons and risks involved on both sides

Moderator: Erik Vynckier, Board member, FORESTERS FRIENDLY SOCIETY
John Towner,
Head of Origination, LEGAL & GENERAL
Emma Watkins,
Director, Bulk Annuities Division, SCOTTISH WIDOWS

17:25 CHAIR'S CLOSING REMARKS

Erik Vynckier, Board member, FORESTERS FRIENDLY SOCIETY

17:30 Networking drinks reception

 

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