Keynote speakers
Nigel Wilson
CEO
Legal & General
David Weymouth
Group CRO
RSA
Tim Harris
Group CFO
Torus Insurance
Colm Holmes
Head of Group Treasury and Capital Management
Zurich
Paolo Cadoni
Technical Head of Department
Bank of England - Prudential Regulation Authority
John Scott
CRO, Zurich Global Corporate
Zurich Insurance Group
Insurance Risk and Capital – the practitioners' conference, taking place on 18 & 19 November 2013 at the Hilton London Tower Bridge Hotel on Tooley Street, is the premier event for insurance C-level executives and risk thinkers, offering insights from thought leaders into the present and future challenges facing this ever changing industry. Hosted by InsuranceERM, the event explores topical aspects of risk and capital management in the insurance industry, including:
- How ERM and business strategy fit together
- Solvency II – where it stands now and key outstanding issues
- IFRS – more important in the long run?
- Longevity risk – risk transfer trends and new approaches
- Developments in ORSA, ALM strategies and global solvency initiatives
- ... and more
DAY ONE – Monday 18 November 2013
08.20 Registration
8.55 Chairman's welcoming remarks
- Chris Cundy, Editor, InsuranceERM
09.00 Keynote: How ERM and business strategy fit together
- Nigel Wilson, CEO, Legal & General
09.30 Keynote: Linking capital and risk management
- Colm Homes, Group Treasurer and Head of Capital Management, Zurich
10.00 Keynote: Establishing the risk appetite and setting risk limits
- David Weymouth, Group CRO, RSA
10.30 Coffee break
11.00 Panel discussion: Solvency II and the evolution of ERM
- Paul Element, ERM C.O.O, Catlin Group
- Penny Shaw, CRO, Hiscox
- Justin Skinner, Head of ERM & Group Capital Modelling, QBE European Operations
- Patrick Wegmann, Global Head of Business Operations, Risk, Thomson Reuters
- Chris Cundy, Editor, InsuranceERM (moderator)
11.45 Panel discussion: Solvency II - where it stands now and key outstanding issues, incl reserve risk and diversification
- Tobias Buecheler, Head of Solvency II Project, Allianz
- David Innes, Head of Economic Capital, RSA
- Nick Kitching, Head of European Regulatory Affairs, Swiss Re
- Bruce Porteous, Head of Solvency II Regulatory Development, Standard Life
- Tristan Garnons-Williams, Policy Adviser, Solvency II, Prudential Regulation Directorate, Associate of British Insurers (moderator)
12.30 Keynote: IFRS – more important in the long run?
- Tim Harris, Group Chief Financial Officer, Torus Insurance
01.00 Lunch
02.00 Panel discussion: Cat risk - In-house models; open-source models
- Paul Nunn, Head of Natural Catastrophe Risk Modelling, SCOR
- Alan Calder, Group Head Cat Risk Management, Aspen Re
- Paul Miller, International Head of Catastrophe Management, Aon Benfield
- Sebastian Rath, Principal Advisor, Risk Dynamics (moderator)
02.30 Panel discussion: Longevity & Mortality - re-evaluating the rate of improvement
- Eli Friedwald, Head of Impaired Annuity Research, RGA UK
- Gavin Jones, Global Head of Longevity Pricing, Swiss Re
- Kevin O'Regan, Head of Longevity and Portfolio Reinsurance, PartnerRe
- Paul Lewis, Head of Pricing, Pacific Life Re Limited
- Neil Robjohns, Head of Longevity, Reirement Income, Friends Life
- Chris Cundy, Editor, InsuranceERM (moderator)
03.30 Coffee break
03.45 Panel discussion: Longevity Risk - risk transfer trends and new approaches; buy-outs and swaps
- Tom Ground, Head of Bulk Purchase Annuities and Longevity Insurance, Legal & General
- Martin Lockwood, Head of Longevity, Munich Re
- Alan Rae, Co-Head of Capital and Value Management, Achmea
- Rupen Shah, Head of Longevity, SCOR Global Life
- Raphael Borrel, Manager, Solvency II Experts Group (moderator)
04.30 Panel discussion: The ORSA - Europe & US
- Robert Moorehead-Lane, European Chief Risk Officer, Assurant Solutions
- Jessica Sum, Head of Stress & Scenario Testing, Aviva
- Tim Edwards, Director, Financial Services Consulting, PricewaterhouseCoopers
- Glen Lottering, Senior Director EMEA, Oracle Insurance (moderator)
05.30-6.30 Drinks reception
DAY TWO – Tuesday 19 November 2013
08.50 Chair's opening remarks
- Chris Cundy, Editor, InsuranceERM
09.00 Keynote: The Common Framework for the Supervision of Internationally Active Insurance Groups (ComFrame)
- Paolo Cadoni, Technical Head of Department, Bank of England - Prudential Regulation Authority
09.30 Panel discussion: ALM strategies
- Michael Christen, Head of ALM & Strategic Asset Allocation, Zurich Insurance Group
- Robert Groves, Head of ALM, Friends Life
- Henrietta Tait, Head of Capital Management, LV=
- Jateen Vaghela, Head of ALM, Sun Life Financial of Canada
- Aurore Lecanon, Group Head of ALM, Old Mutual
- Ian Lumb, Managing Director, UBS Delta (moderator)
10.30 Coffee break
11.00 Keynote: Emerging Risk - the next big thing
- John Scott, CRO, Zurich Global Corporate, Zurich Insurance Group
11.30 Special insight: Controlling market risks – use of derivatives
- Jateen Vaghela, Head of ALM, Sun Life Financial of Canada
12.00 Panel discussion: From VaR to capital calculation - reconciling quantitative approaches to managerial objectives
- Kevan Cheyne, VP Capital Management, Gjensidige
- Miroslav Petkov, Director Ratings Services, Standard & Poor's
- Emmanuel Noblet, Chief Operations Officer, SecondFloor (moderator)
12.45 Lunch
01.45 Special insight: Implementation of LSMC in life insurance context - a case study
- Christian Bettels, Actuary, Generali
02.15 Special insight: Different uses of economic scenario generators - projecting assets, liabilities, capital and the ORSA
- Craig Turnbull, Managing Director, Advisory Services, Moody's Analytics
02.45 Coffee break
03.15 Panel discussion: Choosing the best technology for your capital calculation needs
- Richard Skelding, Head of Capital Management, Liberty Mutual
- James Needham, Head of Actuarial Modelling, Wesleyan Assurance
- Nigel De Silva, Chief Actuary, Thomas Miller & Co
- Tim Thornham, Algo Internal Model Shared Service Director, Aviva
- Guy Shepherd, Director, Technology & Solution Design, Quintant Partners
- Andrew Waters, Regional Practice Leader, Moody's Analytics (moderator)
04.15 Special interview: Developments in ERM globally
- José Morago, Group Risk Director, Aviva
- Mark Laidlaw, Group Chief Actuary, LV=
- Interviewed by Chris Cundy, Editor, InsuranceERM
04.45 End of conference
* Agenda may be subject to change
Alan Calder
Group Head Cat Risk Management
Aspen Re
Alan Rae
Co-Head of Capital and Value Management
Achmea
Andrew Waters
Regional Practice Leader
Moody's Analytics
Aurore Lecanon
Group Head of ALM
Old Mutual
Bruce Porteous
Head of Solvency II Regulatory Development
Standard Life
Chris Cundy
Editor
InsuranceERM
Christian Bettels
Actuary
Generali
Colm Holmes
Head of Group Treasury and Capital Management
Zurich
Craig Turnbull
Managing Director, Advisory Services
Moody's Analytics
David Innes
Head of Economic Capital
RSA
David Weymouth
Group CRO
RSA
Eli Friedwald
Head of Impaired Annuity Research
RGA UK
Emmanuel Noblet
Chief Operations Officer
SecondFloor
Gavin Jones
Global Head of Longevity Pricing
Swiss Re
Glenn Lottering
Senior Director EMEA
Oracle Insurance
Henrietta Tait
Head of Capital Management
LV=
Ian Lumb
Managing Director
UBS Delta
James Needham
Head of Actuarial Modelling
Wesleyan Assurance
Jateen Vaghela
Head of Asset Liability Management
Sun Life Financial of Canada
Jessica Sum
Head of Stress & Scenario Testing
Aviva
John Scott
CRO, Zurich Global Corporate
Zurich Insurance Group
Jose Morago
Group Risk Director
Aviva
Justin Skinner
ERM Director
QBE European Operations
Kevan Cheyne
VP Capital Management
Gjensidige
Kevin O'Regan
Head of Longevity & Portfolio Reinsurance
PartnerRe
Mark Laidlaw
Group Chief Actuary
LV=
Martin Lockwood
Head of Longevity Reinsurance
Munich Re
Michael Christen
Head of ALM & Strategic Asset Allocation
Zurich
Miroslav Petkov
Director, Ratings Services
Standard & Poor's
Neil Robjohns
Head of Longevity, Retirement Income
Friends Life
Nigel De Silva
Chief Actuary
Thomas Miller & Co
Nigel Wilson
CEO
Legal & General
Paolo Cadoni
Technical Head of Department
Bank of England - Prudential Regulation Authority
Patrick Wegmann
Head of Product Solutions for Enterprise Risk
Thomson Reuters
Paul Element
ERM C.O.O.
Catlin Group
Paul Lewis
Head of Pricing
Pacific Life Re
Paul Miller
Head of International Catastrophe Risk Management
Aon Benfield
Paul Nunn
Head of Natural Catastrophe Risk Modelling
SCOR Global P&C SE
Penny Shaw
Chief Risk Officer
Hiscox
Raphael Borrel
Manager
Solvency II Experts Group
Richard Skelding
Head of Capital Management
Liberty Mutual Insurance Europe
Robert Groves
Head of ALM
Friends Life
Robert Moorehead-Lane
European Chief Risk Officer
Assurant Solutions
Rupen Shah
Head of Longevity
SCOR Global Life
Sebastian Rath
Principal Advisor
Risk Dynamics
Tim Harris
Group CFO
Torus Insurance
Tim Thornham
Algo Internal Model Shared Service Director
Aviva
Tobias Buecheler
Head of Supervision and Financial Market Regulation
Allianz
Tom Ground
Head of Bulk Purchase Annuities and Longevity Insurance
Legal & General
Tristan Garnons-Williams
Policy Adviser, Solvency II
Association of British Insurers
Oracle Insurance: Transforming the Insurance Enterprise
Oracle believes that insurers should be able to leverage technology to help transform their business. Oracle Insurance provides adaptive, rules-driven systems that help insurance companies easily change business processes as their business needs change. These systems position insurers to become more adaptive themselves, ready to respond to dynamic market conditions and take advantage of new opportunities as they arise.
For more information on Oracle Insurance, please visit oracle.com/insurance or contact us by e mail at insurance_ww@oracle.com. To speak to an Oracle Insurance representative, please call us at 1.800.735.6620.
BaxterBruce
BaxterBruce is a management consultancy that works with a wide range of insurance companies, reinsurers and Lloyd's syndicates. Our services include:
1.RISK & CAPITAL MANAGEMENT
Designing, implementing and embedding practical frameworks focused on optimising risk and capital related business decisions
2.PROGRAMME MOBILISATION & DELIVERY
Applying the experience and structure necessary to setup and execute complex programmes of change and providing independent project assurance
3.PEOPLE & ORGANISATIONAL CHANGE
Building a comprehensive approach to supporting people so that they are ready, willing and able to embed the new ways of working, including through our innovative online training courses
4.REGULATORY & COMPLIANCE
Supporting organisations through evolving regulatory requirements and conducting Section 166 reviews
5.INSURANCE OPERATING MODEL DESIGN
Designing and delivering the end-to-end capabilities required to achieve an organisation's vision for the future.
To find out more please visit www.baxterbruce.com or call us on 0207 947 4230.
SecondFloor
SecondFloor's solutions orchestrate risk and finance processes, roles and existing technology. The result is trustworthy reports and decision intelligence based on verified data and approved expert judgment from across the organization. This supports governance, risk and compliance policies and helps financial services firms efficiently run analytic processes and take management decisions with confidence.
Financial services firms that turn to SecondFloor for proven fixed price, fixed date, Solvency II and Basel solutions benefit from timely, complete, accurate, traceable, auditable and repeatable reports and analytics.
Facilitating regulatory reporting, economic capital calculations and stress testing in complex financial services environments are key elements of SecondFloor's credentials that have established it as a successful enabler of business analytics.
SecondFloor's experts work alongside clients to deliver smart solutions. They utilize eFrame, SecondFloor's software application, which reflects best practice approaches, and project accelerators learned with clients during years of experience.
Thomson Reuters ACCELUS™
Thomson Reuters Governance, Risk and Compliance (GRC) business unit provides comprehensive solutions that connect our customers' business to the ever-changing regulatory environment. GRC serves audit, compliance, finance, legal, and risk professionals in financial services, law firms, insurance, and other industries impacted by regulatory change.
The Accelus suite of products provides powerful tools and information that enable proactive insights, dynamic connections, and informed choices that drive overall business performance. Accelus is the combination of the market-leading solutions provided by the heritage businesses of Complinet, IntegraScreen, Northland Solutions, Oden®, Paisley®, West's Capitol Watch®, Westlaw® Business, Westlaw Compliance Advisor® and World-Check® and Avanan.
ReMetrica® is Aon Benfield's award-winning dynamic financial analysis (DFA) modelling tool for enterprise risk management and economic capital modelling, including Solvency II.
The ReMetrica Advantage:
- Ease of use ReMetrica's visual drag and drop interface and extensive library of pre-developed insurance, reinsurance and statistical components allows clients to build sophisticated models rapidly without time consuming and costly programming.
- Flexibility. ReMetrica offers complete flexibility in model design. Through the use of submodels and the organisation of components, models are easily adapted to changing business conditions or adding greater levels of detail.
- Versatility and speed. ReMetrica's stochastic and scenario-based simulation engine enables clients to analyse the whole spectrum of risk - whether at business unit, line of business, company or group level.
- Risk and return analysis. ReMetrica provides a comprehensive and advanced library of components, enabling clients to analyse every aspect of risk within their organisation.
- Modelling support services. The value of ReMetrica is enhanced by the training and comprehensive technical support offered by Aon Benfield experts.
UBS Delta
UBS Delta is an award winning client portfolio management system, used for analysing risk, attributing performance and constructing portfolios, across fixed income, equities, fx and commodities. Clients include many major insurance companies, pension funds, asset managers, banks, hedge funds.
Web-based tools show portfolio risk against benchmarks or liabilities, full revaluation scenario analyses and performance attribution. Additionally, UBS Delta reporting tools provide portfolio exposure, risk, Solvency II capital, performance and liquidity reporting as customised reports, for your use or to provide to your clients.
All of this can be aggregated by system or user-defined characteristics, giving great flexibility to meet your needs.
Moody's Analytics
Moody's Analytics helps capital markets and risk management professionals worldwide respond to an evolving marketplace with confidence. The company offers unique tools and best practices for measuring and managing risk through expertise and experience in credit analysis, economic research and financial risk management. By providing leading-edge software, advisory services, and research, including the proprietary analysis of Moody's Investors Service, Moody's Analytics integrates and customizes its offerings to address specific business challenges. Moody's Analytics is a subsidiary of Moody's Corporation (NYSE: MCO), which reported revenue of $2.7 billion in 2012, employs approximately 6,800 people worldwide and maintains a presence in 28 countries. Further information is available www.moodysanalytics.com
CIMCON
The CIMCON Spreadsheet Management Suite provides a complete End User Computing (EUC) Lifecycle Management solution that includes Discovery, Risk Assessment and Data Lineage; Error Detection and Remediation; and Monitoring/Controls. CIMCON is the Market Leader in the category with the largest installed client base of over 325 firms. Used by the Top 3 of 5 insurance companies in the UK, it is the de facto industry standard for EUC controls and compliance.
In addition to compliance, the CIMCON tools provide significant productivity benefits and help implement best practices as spreadsheet risks and incidents proliferate. The CIMCON tools speed up spreadsheet review and approval times, reduce time required for financial close, proactively detect errors, and provide a secure spreadsheet environment, all without any business impact to the end users.
Please contact: Rajesh Jain Email: rjain@cimcon.com | Phone: +44 7796134301 www.solvency2compliance.co.uk | www.spreadsheetcontrols.org
Media partners
AMICE is the Association of Mutual Insurers and Insurance Cooperatives. Its prime purpose is to ensure that the voice of the mutual and cooperative insurance sector in Europe is heard and that the interests of its members are taken into account in securing a level playing field for all insurers in Europe regardless of their legal form. This sector accounts for some 60% of all insurance undertakings in Europe and over 25% of premiums. With more than 100 direct members and 1,000 additional mutuals represented in AMICE through their national associations, AMICE speaks for a significant part of the insurance sector.