Agenda

STREAM: INSURANCE AND ESG

09:10

Welcome and introduction to the day

09:20

PANEL DISCUSSION: DIVERSITY AND INCLUSION - HOW CAN INSURERS DO BETTER?

How effective are current D&I initiatives?
Opportunities -How can diversity be used as a competitive advantage?
What needs to happen at both industry and company level to achieve greater diversity?
The role of the regulator
The role of the Board
Diversity and inclusion policies - What does good look like?
What are the building blocks to creating and instilling a culture of diversity and inclusion?
Aligning diversity and inclusion priorities with corporate strategy
Measurement and performance indicator frameworks around D&I.
How should insurers address potentially discriminatory pricing models?
How can insurers tailor your investments to promote diversity?

Moderator:
Ronan McCaughey, Commercial Editor and Deputy Editor, InsuranceERM

Panellists:
Dr. Kathrin Anne Meier, Boardmember, Chapter Chair Non-Financial Risk, Swiss Risk Association
Giancarlo Fancel, Group Chief Risk Officer, Generali
Jim Ewing, Chief Risk Officer, Aegon UK

10:05

KEYNOTE ADDRESS: BIODIVERSITY – THE NEXT CLIMATE RISK?

Biodiversity and climate risk are increasingly referred to as twin crises facing the global financial system, yet biodiversity is neglected as insurers focus instead on grappling with climate risk concerns. How can and should insurers start building nature risk into their thinking?
How are insurance firms currently considering biodiversity and nature risk?
Understanding the Interdependence between climate and biodiversity.
Can climate change and biodiversity loss be tackled together?
How do firms begin start assessing the financial risks associated with biodiversity loss?
Examples of physical and transition risks related to biodiversity loss
Nature positive investment opportunities
Goals and work of the International Taskforce on Nature Related Financial Disclosures (TNFD) and what this might mean for insurers.

Speaker:
Celine Soubranne, Group Chief Corporate Responsibility Officer, Axa

10:30

MEETING CLIMATE RISK REGULATORY EXPECTATIONS – OPPPORTUNITY FOR THE INDUSTRY OR A CHALLENGE TOO FAR?

How achievable, meaningful and useful are the current deliverables, timelines and expectations from regulators and other stakeholders?
What regulatory deliverables will insurers be expected to provide in the short and medium- term regarding assessment, management and reporting of climate risk?
What opportunities and risks will this pose for insurers?
What is the right regulatory risk approach and framework around climate and ESG?
Where are efforts best focused and how do we ensure actions now will have constructive and meaningful impact in the future?

Moderator:
Michael Sicsic, Managing Director, Sicsic Advisory

Panellists:
Bernhard Kaufmann, Group Chief Risk Officer, NN Group
Camille Mauguy, Group Head of Sustainability, Scor
Tobias Buecheler, Head of Regulatory Affairs, Allianz

11:15

PANEL DISCUSSION: HOW ARE FIRMS ENHANCING MODELLING APPROACHES TO BETTER ASSESS AND QUANTIFY CLIMATE RISK

How is current regulation either encouraging or posing challenges to advancements in climate assessment and scenario modelling?
Modeling impacts of climate change at an actionable level - what time horizons is it appropriate and sensible for insurers to model?

How are modelling approaches evolving to adapt to longer-term climate impacts?

How do you build the right governance around climate modelling and choices?
Combining catastrophe and climate risk models

What is the right approach to overlaying cat models with climate approaches?
challenges
How do we gain a better understanding of the extent to which climate risk is influencing nat cat events and frequency and severity? What does this mean for our current way of monitoring weather events and how do we need to adapt nat cat modeling approaches accordingly?

Climate related stress testing and scenario analysis

Choosing, designing and developing forward-looking scenarios
Creating narrative around the scenarios and making assumptions under those scenarios
Incorporating uncertainties associated with transition risk across future time horizons
Using results from the stress tests and scenario analysis exercise to inform and drive business strategy.

Moderator:
Tom Philp, CEO, Maximum Information

Panellists:
Ben Carr, Analytics and Capital Modelling Director, Aviva
Matthew Lightwood, Director, Risk Solutions, Conning
Hjörtur Thráinsson, Modelling Expert, Munich Re
Giorgis Hadzilacos, Senior Technical Specialist - Catastrophe & Climate Risk at Bank of England

12:05

PANEL DISCUSSION: HOW ARE INSURERS BOLSTERING THEIR APPROACHES TO ESG DATA & ANALYTICS?

What data sources are you using?
How are you addressing data quality and availability issues?
How are you managing and reconciling multiple data sources?
What aspects are you choosing to outsource vs manage in-house?
As a sector, how do we collectively need to approach data if we want to achieve net zero
Overview of existing data initiatives and next steps

Moderator:
David Walker, Senior Staff Writer and Head of Projects, InsuranceERM

Panellists:
Marisa Parmigiani, Head of Sustainability and Stakeholder Management, Unipol Group
Rachel Delhaise, Head of Sustainability, Convex Insurance
Sylvain Vanston, Executive Director – Climate Change Investment, MSCI

12:55

KEYNOTE INTERVIEW: IN CONVERSATION WITH PETRA HIELKEMA, CHAIRPERSON, EUROPEAN INSURANCE AND OCCUPATIONSL PENSIONS AUTHORITY (EIOPA)

Speaker:
Petra Hielkema, Chairperson, EIOPA

Interviewer:
Chris Cundy, Managing Editor, InsuranceERM

13:25

PANEL DISCUSSION: THE S IN ESG – HOW DO WE BRING THE 'S' TO THE FORE?

What are the actions being taken by companies as social considerations?
Is there an economic case for the social?
How can firms quantify the 'S' components to make it more tangible for investors?
How do we make the risks associated with social considerations more transparent? Is there a need for a TCFD equivalent for social considerations?
Understanding the inter-relation between E & S -taking a more holistic view of E, S and G considerations -taking a more holistic view of E, S and G considerations.
Do you as an investor, think the 'S' should only be tackled from an impact 'inside-out' perspective? Or are there social risks that have not yet properly been assessed and integrated?

Moderator:
Cintia Cheong, Senior writer, InsuranceERM

Panellists:
Lucia Silva, Group Head of Sustainability and Social Responsibility, Generali
Bente Sverdrup, Head of Sustainability, Gjensidige
Paul Barrett, Chief Risk Officer and Climate SMF, AIG UK
Mark Wade, Head of Sustainability Research and Stewardship, Allianz Global Investors

14:15

PANEL DISCUSSION: TOTAL BALANCE SHEET APPROACH TO NET ZERO COMMITMENTS -WHAT DOES THIS MEAN IN PRACTICE?

Setting Net Zero targets –what is the role for risk management to play in facilitating the business in setting realistic and achievable targets?
What does net zero actually mean in practical terms?

For underwriting
For investment portfolios?

How is progress measured and tracked?
What sector-wide innovation and technological transformation will be required to enable the transition to net zero?
Update from a Net zero insurance alliance member

What roadmap do you have in place to achieve net zero emissions through underwriting activities?
What will in the science based intermediate targets look like? How will these targets be set and reported on?
How will you tackle challenges surrounding lack of historical data?

Client engagement process

Moderator:
Sandy Trust, Chair of the Sustainability Board, IFOA

Panellists:
Bronwyn Claire, Senior Programme Manager, Cambridge Institute for Sustainability Leadership (CISL)
Chris Bonnet, Head of ESG Business Services, Allianz
Deepak Jobanputra, Chief Sustainability Officer, Vitality
Renaud Guidée,Group Chief Risk Officer, Axa

15:00

PANEL DISCUSSION: BRAND AND REPUTATION RISK MANAGEMENT WITHIN THE ESG CONTEXT

Positioning the future strategy - The CRO role in setting realistic target statements and living up to these statements
Visibility and Managing the ESG message -being intentional with what you publish.
Influencing ESG ratings
Opportunities - ESG as a competitive differentiator
Navigating through the pressure from activists, policy holders and investors - how to put in place a governance where you can balance the ESG criteria and the profitability of opportunities.
Liability risk – managing the Risk of unintentional greenwashing and uncertainties linked with transition risk

Moderator:
Roger Dix, Former CRO , Wesleyan

Panellists:
Eugenie Molyneux, CRO of Commercial Insurance, Zurich Insurance
Giles Fairhead, Chief Risk Officer, Pension Insurance Corporation
Ruth Middleton, Chief Risk Officer, AIG Life UK & Risk Officer EMEA Life & Retirement
Victor Riega, Head of Sustainability, FIdelis Insurance

15:45

PRESENTATION: INSURANCE SCORECARD AND POST COP ASSESSMENT

Lindsay Keenan, Insure Our Future network European Coordinator will present the annual insurance climate policy scorecard plus a post COP assessment that will include assessment of the latest insurance industry climate policy announcements.

Speaker:
Lindsay Keenan, Senior Strategist, The Sunrise Project, European Co-ordinator, Insure Our Future

16:15

Closing comments

16:25

End of Day One

STREAM: RISK STRATEGY AND ERM

09:00

Welcome and introduction to the day

09:10

PANEL DISCUSSION: HOW DO CROS ENSURE THEY ARE FIT FOR THE FUTURE?

Defining Risk – how has our definition of risk changed? Loss of capital vs a focus on shareholder value, brand value, reputation as a resilient or sustainable firm.

How does the CRO mind set and skill set need to adapt and respond accordingly?

How do risk managers continue to add value in increasingly regulated environments?
How do we keep strategic and innovative aspects of risk management alive and ensure the profession remains appealing for future talent pools?
Where to focus – culture and/or numbers?
Will industries see an acceleration of risk management practices across industry sectors while transitioning to new digital, environmental and sustainable standards?
Will the 3 LOD model still be relevant 5 years from now?
Bolstering the CRO /Board relationship for optimum results

How has the CRO/Board relationship changed with remote working?
How do we measure success?
Do the Board and CRO challenge each other sufficiently?
How do we ensure board expectations and energy levels remain high with remote working?
How should the 2 work together to bring about a forward-looking mentality?

Is risk management a good entry point for young career starters?

The CRO role as a stepping stone to other C-Suite roles

Moderator:
Ronan McCaughey, Commercial Editor and Deputy Editor, InsuranceERM

Panellists:
Kurt Svoboda, CFO/CRO, Uniqa
Nina Arquint, Chief Risk Officer, Swiss Re Corporate Solutions
Philippa Herz, Chief Risk Officer, OneFamily

10:00

KEYNOTE ADDRESS

Keynote speaker: Aylin Somersan Coqui, Chief Risk Officer, Allianz

10:25

PANEL DISCUSSION: LIVING WITH THE COVID LEGACY – WHAT ARE THE LONG-TERM LINGERING RISKS?

What new emerging risks can we expect as a result of societal and behavioural changes?
Remote working and its impact on cyber and security risks
The Workforce culture – can remote working ever be as effective as face-to-face? What impact can we expect on collaboration, innovation and productivity?
Potential long-term financial credit risk – can we expect a wave of defaults and downgrades as government support programmes are unwound?
Post-Covid economics – has the unprecedented display of fiscal support from governments worldwide seen during the pandemic changed the economic rules in a crisis? Do we need to rethink expectations on market reactions in times of crisis?

Moderator:
David Walker, Senior Staff Writer and Head of Projects, InsuranceERM

Panellists:
Dan Ryan, Chief Research Officer, COIOS Health
Mark Chaplin, Chief Risk Officer, UK Life, Aviva
Huw Evans, Director General, ABI
Kirsty Leece, Group Chief Risk Officer, Vitality

11:10

PANEL DISCUSSION: HOW TO THINK THE UNTHINKABLE – REVIEWING THE EMERGING RISK PROCESS

What did the experience from Covid and the German floods tell us about how we need to improve the emerging risk process to pre-empt unmodelled risks?
How does the emerging risk process need to change to better identify and assess the impacts of grey swan risks?
How do scenarios need to be adapted/amplified to be more multi- dimensional and to adequately address the complexity and correlation of the nature we experienced with the pandemic?

What are the patterns in the unthinkable?
Practically how useful/impactful are these scenarios going to be?

What grey swans on your radar and what scenarios are you running in relation to these?
How do we embed the learnings from these stress and scenario tests into how business strategy is shaped over the long term?
Who's disrupting whom? On mastering the multiple facets of FinTech, transformation, digitalisation, regulation and reverse globalisation.

Moderator:
Chris Burt, Principal Halex Consulting and Co-Founder, Risk Coalition

Panellists:
Fabrice Brossart, Chief Risk Officer, International General Insurance, AIG
Bernd Wilke, Senior Emerging Risk Manager, Swiss Re
Donald Macleod, Appointed Actuary, RL360
Jörg H. Biebel, Group CRO, ERGO Group AG