2014 AGENDA
08.30 Registration
09.00 Data for risk management and regulatory compliance
- The role of data in the risk management function:
- Data - advances in ERM, IT and regulation
- Solvency II Balance Sheet
- Internal model and the ORSA
Heloise Rossouw, Head of Risk and Capital Integration, Old Mutual
09.30 The Regulator's Solvency II data expectations
- Regulatory update
- Data management framework
- Data quality controls and compliance
- The role of the actuary in data governance
Dr Dean Buckner, Data Specialist, Prudential Regulation Authority
10.00 Infrastructure meeting the demands of data under Solvency II
- Enterprise data warehouses
- Metadata issues
- How to create a relatable data set
Brian Heale, Senior Director, Moody's Analytics
10.30 Coffee
10.55 Case studies: Implementing Pillar III (MetLife and Friends Life)
- 15 minute presentation: project overview
Andrew Collins, Director for Solvency II Pre-Sales, Oracle - 30 minute interview with MetLife and Friends Life on the data challenges during implementation:
Rizwan Sheriff, Vice President, EMEA Controllers, MetLife
Kate Forbes, Group Finance Systems Manager, Friends Life
11.40 Panel: Data challenges for Pillar II and III reporting
- 10 minute presentation: setting the scene to Solvency II reporting
Jennifer DeMattia, Senior Managing Consultant, Thomson Reuters Accelus
- 30 minute panel discussion:
- What are the data challenges for reporting? Look through and others?
- How do you manage these challenges, what processes are being implemented?
- What should be done to avoid data misrepresentation in reporting?
- Are allowances made for discrepancies?
- What level of detail is presented within your ORSA?
Panellists:
Steve Bell, Financial Services Partner, EY
Robert Chorley, Robert Chorley, Head of Solvency 2 Pillar 3 Reporting, Aviva
Dr Monty Cachej, Head of Solvency ll PMO and Solution Implementation Manager, Global Finance, Zurich Insurance Company
Moderated by Jennifer DeMattia, Senior Managing Consultant, Thomson Reuters
12.15 XBRL
- XBRL update
- Data modelling approaches
- XBRL taxonomy design
Pierre-Jean Vouette, Special Advisor, EIOPA
12.30 Panel: XBRL
- Implementing XBRL reporting
- Pros and cons of using an external software supplier
- Verification of software outputs
- Coordinating with other regulators
- Dealing with uncertainty in final taxonomies
- Who gets to see the data?
Panellists:
Anne Leslie-Bini, Head of International Development, Invoke
Thomas Verdin, Consultant Associate, Theia Partners
Pierre-Jean Vouette, Special Advisor, EIOPA
Moderated by Chris Cundy, Editor, InsuranceERM
1.00 Lunch
2.00 Panel: Data quality and data cleansing
- 10 minute presentation: setting the scene for approaches to managing data quality and data cleansing
Adrian Maconick, Director, Finsbury Solutions - 30 minute panel discussion:
- How do you ensure data quality? How do you know that the data you have is correct?
- How to you pick up discrepancies? How do you correct them? Whose responsibility?
- Knock on effects of poor quality data on the risk management function?
- Setting future priorities for data quality initiatives
- What processes are used for data cleansing, data maintenance and data monitoring?
Panellists:
Roger Dix, CRO, Wesleyan
Ivo Roest, Solvency II programme / Project Manager Data Quality, ING Insurance
Moderated by Adrian Maconick, Director, Finsbury Solutions
2.45 Board reporting and analytics
- Governance risk and compliance framework
- Is there a need to take in and store all data for reporting?
- What risk data is used in the board reports?
- What insights could risk management data bring to the board's attention?
- And does it or should it influence business strategy?
William McDonnell, Group Risk Director, RSA Group
3.15 Coffee
3.45 Data validation in the internal model and standard formula
- Are different approaches taken to manage data for the internal model and the standard formula? If so, why?
- Documenting external models and data (EMD) feeding into the internal model
- What due diligence processes are followed to ensure regulatory requirements are met
- How do you make allowances for data discrepancies?
- Technology and tools
Dominic Rau, Head Risk Aggregation & Analytics, Director - Group Risk Management, Swiss Re
4.15 Interview: Data, bringing the Risk, Actuarial and IT departments closer together?
- Whose responsibility does risk management data fall under?
- Do the actuarial, risk management and IT departments work closer as a result of data requirements for regulation?
- Who makes the decisions about data architecture?
- What challenges and obstacles have there been and what is the trend going forward?
Justin Skinner, ERM Director, QBE European Operations
Interviewed by Chris Cundy, Editor, InsuranceERM
5.00 Close and drinks reception
* Please note: the agenda may be subject to change.