INSURANCE RISK EUROPE: 5TH OCTOBER 2017

8.30am 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
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9:15am KEYNOTE ADDRESS

*Audience Q&A
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9:50am SPOTLIGHT ON

*Audience Q&A
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10:25am CIO PANEL DISCUSSION

  • 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?

*Audience Q&A
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11:10am Morning break and opportunity to network

 

STREAM ONE

STREAM TWO

11:40am

CHAIR'S OPENING REMARKS

CHAIR'S OPENING REMARKS

11:45am

LIVE INTERVIEW: Geopolitical risk

  • 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?



LIVE INTERVIEW: Outsourcing vs insourcing asset management

  • Choosing the investment management strategy for your firm:
    • in-house, captive (insurer-owned asset manager)
    • outsourced (one or multiple)
    • mixed models: core-satellite, core-satellite-specialties (as per asset class)
    • in-house strategic/tactical asset allocation and outsourced investment management mandates
    • outsourced CIO
  • What are the special requirements of insurers on investment management?
  • Is there a cost- or scale-driven angle or asset class angle when deciding? Which size of balance sheet presents the tipping point?

5 minute intermission to change streams

12:30pm

PRESENTATION: Longevity risk

  • 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?

PRESENTATION: The rise of multi-asset funds

  • How does an absolute return or multi-asset fund fit in with the typical ALM/LDI requirements of a life company?
  • Modelling risks for multi-assets funds

1:05pm Lunch and opportunity to network

 2:00pm

CRO PANEL DISCUSSION

  • 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?

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

 2:45pm

SPOTLIGHT ON: Insurer of the year- Rothesay Life

 

3:20pm Afternoon break and networking break

3:50pm 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?

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

4:35pm 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

5:20pm CHAIR'S CLOSING REMARKS

Erik Vynckier, Board member, FORESTERS FRIENDLY SOCIETY

5:25pm End of conference and networking drinks