Data for ERM & Solvency II 2016

Chair's opening remarks

Mark Moss, Business Development Manager, TAGETIK

Keynote: The value of data in ERM

The amount of data gathered for Solvency II and other reporting purposes is huge, but how can we use it to enhance enterprise risk management and performance?

• Achieving benefits beyond regulatory compliance
• How does improved risk management add value to your business?
• Market reality, model assumptions and risk appetite
• The virtuous circle and behaviour

Speaker:
John Scott, Chief Risk Officer, Zurich Global Corporate, ZURICH INSURANCE GROUP

Keynote: Regulatory perspective: lessons learnt and expectations post January 2016

What has the regulator learnt from the reviews done to date?

• Learning from the reviews done to date
• Approaches to data governance
• Making things easier
• Major changes relating to data
• Looking ahead

Speaker:
- Dr Dean Buckner, Data Specialist, PRUDENTIAL REGULATION AUTHORITY

Panel: Examining the merits and role of a dedicated data officer

Is data governance the responsibility of the risk or finance departments or should there be a dedicated data quality team?

• The pros and cons of assigning overall responsibility for data quality
• Reinforcing the business/IT partnership in order to better define data and to set quality criteria to manage and monitor it
• The skills needed in a data quality team – should the role be temporary or permanent?
• Following the US lead in recognising data quality expertise as a profession

Panellists:
Hamaad Shah, Quantitative Analytics Manager, AIG
Ivo Roest, Project Manager Data Quality, NN GROUP
Nicolette Post, Programme Manager Data Quality, DELTA LLOYD GROUP
Moderated by: Christopher Ling, Vice President, CAPGEMINI FINANCIAL SERVICES GLOBAL BUSINESS UNIT

Panel: Solvency II Pillar 3 Reporting to a tighter timescale

• Building on the lessons learnt from the 2015 reporting
• Meeting progressively tighter deadlines
• Keeping data quality at the heart of Solvency II reporting
• As Solvency II moves from policy to procedure what action is expected between quarterly or annual submissions?

Panellists:
Antoine Bourdais, Director, Banking and Insurance Division, INVOKE
Lewis Webber, Senior Manager, Financial Stability and Risk Capital Markets Division, BANK OF ENGLAND
Paul Appleton, Senior Manager Accounting Policy, LLOYDS
Moderated by: Chris Cundy, Editor, INSURANCEERM

Presentation: Turning risk data into information to aid decision-making

Information from the business and models feeds into strategic planning and day-to-day decisions. How can we make that information more useful, more current and appealing to decision-makers?

• Does all data need to be 'at your fingertips?'
• The Goldilocks problem: not too much , not too little, but the right amount of information
• How many caveats does one actuary need?
• Too much, too late – the importance of pragmatism and timeliness

Speaker:
Grant Mitchell, Chief Actuary General Insurance, THE CO-OPERATIVE INSURANCE

Panel: The evolution of risk modelling

• How has technology changed the way we model risk?
• The impact of Solvency II on risk modelling methods
• Equating geopolitical, demographic and socioeconomic drivers to real world scenarios
• Analysing risk from different perspectives
• Developing an easy to use risk model whilst understanding its strengths and weaknesses

Panellists:
Dr Christian Dahmen, Chief Risk Officer Health, MUNICH RE
John Joyce, Head of Enterprise Risk Management, ALLIANZ UK
Roger Dix, Chief Risk Officer, WESLEYAN
Moderated by: Asa Gibson, News Editor, INSURANCEERM

Panel: Sourcing data from investment portfolios

• Meeting Solvency II asset reporting requirements under Pillar 3
• Overcoming the issue of confidentiality when disclosing data
• Examining the different approaches to achieve look-through
• Data flow from asset manager to insurer – what could be done to speed things up?
• How can insurers, data vendors and asset managers assist each other?

Panellists:
Hubert Deroubaix, Head of European Regulatory Product, INTERACTIVE DATA
Emmanuel Archampong, Institutional Business, ROYAL LONDON ASSET MANAGEMENT
Moderated by: Susan Wright, Regulatory & Compliance Specialist, THE INVESTMENT ASSOCIATION

Panel: Ensuring that your data governance framework is sufficiently agile to cope with the changing regulatory landscape

The landscape is changing. IFRS 4 Phase II is coming in and the question is how flexible/agile is the framework that was created for Solvency II?

• How can the current framework be adapted to provide optimum service?
• A comparison of the systems available to evaluate which tools evolve best to cope with new accounting requirements
• Is your data governance framework ready for IFRS requirements?

Panellists:
Colin Lethbridge, Solvency II Data Governance Lead, AVIVA
David Lodge, Global Data Governance Manager and Senior Operational Risk Consultant, ALLIANZ
Moderated by: Vibeke Edvardsen, Director, MBE

The Solvency II Use Test ... Lip Service or Reality?

• Do you use your model to drive business change? What are the barriers?
• How technology is helping – new approaches & new hardware
• Where do we see the next major innovation?

Panellists
Mark Sinclair McGarvie, Partner & Chief Technology Officer, RPC
Natasha Regan, Director, RPC

Panel: Examining the business value of data gathered for Solvency II

• Mining data gathered for Solvency II for business purposes
• Looking for a return on money invested in Solvency II compliance
• How can you exploit improved risk management to add value to your business? – increased productivity, enhanced shareholder value, brand equity,
• Does the availability of concise and accurate data lead to a higher level of confidence and the ability to take on greater risk?
• Using the data gathered for SII for setting assumptions when modelling

Panellists:
Beju Shah, Regulatory Data & Europe, Technology, PRUDENTIAL REGULATION AUTHORITY
Dominic Rau, Head Risk Governance & Steering, Group Risk Management, SWISS RE
Louisa Renoux, Head of Solvency II Project, FÉDÉRATION NATIONALE DE LA MUTUALITÉ FRANÇAISE
Moderated by: Anne Leslie-Bini, Associate Director, BEARING POINT