Programme 2017

08.00 Registration and refreshments

08.30 Welcome remarks: Rob Mannix, Editor, INSURANCE RISK

08.35 Chairman's opening remark: Erik Vynckier, Board member, FORESTERS FRIENDLY SOCIETY

08.40 Opening address: Making a difference for consumers: Effective insurance supervision in the EU

Dr. Manuela Zweimueller, Head of Policy Department, EIOPA

09.10 PANEL: How to handle the new regulations coming in 2018

  • What is a fair level of compliance cost?
  • International Capital Standard (ICS) - How much investment/effort would implementation and compliance require? Will product offerings change? New products for the clients?
  • Priips challenges -Where are we with Priips implementation? What challenges will it bring and what does it mean for the insurers? Assessing a company's readiness.
  • IDD and the main changes to be introduced by the new regime to customer protection and sell practices
  • EU Data Protection Regulation (GDPR) and what it means for insurers

Moderator: Erik Vynckier, Board member, FORESTERS FRIENDLY SOCIETY

Dr. Manuela Zweimueller, Head of Policy Department, EIOPA

Åsa Larson, Executive Director, Insurance, FINANSINSPEKTIONEN, Swedish FSA

Per Plougmand Bærtelsen, Director, Life-assurance Division, FINANSTILSYNET, Danish FSA

09.50 Risk management in a liquidity constrained environment: collateral transformation, liquidity budgeting, impact on hedging

David Heath, Vice President, Pensions and Insurance Structuring, J.P. MORGAN

10.20 Morning break and opportunity to network

10.50 IN CONVERSATION WITH: Political impact on financial markets

  • Euro: convergence or divergence?
  • The Danish peg and hedging Euro exposures to NOK and SEK
  • Brexit chaos trumped by the US elections
  • Modelling the spread and default risks of sovereign debt
  • Consequences for capital: is sovereign debt going to attract a capital charge?
  • Are economic or social factors responsible for the current wave of populism?
  • How significant are populist parties in influencing financial markets?

Moderator: Erik Vynckier, Board member, FORESTERS FRIENDLY SOCIETY
Dr. Matthew Lightwood, Director, Risk Solutions, CONNING
Pehr Wissén, Senior Adviser, SWEDISH HOUSE OF FINANCE at the Stockholm School of Economics

11.30 Investing in growth assets in a capital constrained world

David Thompson, Insurance Asset Management, Schroders

12.00 CRO PANEL: The evolving role of a CRO

  • How does risk engage with both business and other assurance functions to provide the management with a proper risk profile?
  • How does the CRO role need to evolve to meet the changing needs of the business?
  • Moving towards general business risk and customer focus
  • Difference in a CRO function depending on the company type
  • Regulation and impact on a risk function

Moderator: Adrian Drake, Risk Control Officer, SIRIUS INTERNATIONAL INSURANCE CORPORATION

Håkan Ljung, CRO, SKANDIA GROUP

Bernt Sagård, CRO, STOREBRAND

Annette Olesen, Group CRO, NORDEA LIFE & PENSIONS

Conor Thomas O'Byrne, CRO, SKANDIA LINK Livsforsikring

12:40 Lunch

13.30 Liquidity risk in insurance

  • Stress testing liquidity: how do you judge the risk of a mass lapse event? How do you mitigate it? How do you react when it happens?
  • Cash for clearing and collateral for non-cleared
  • State of the Repo market - how do you interact with banks and generate liquidity out of banks?
  • What metrics and modelling do you do for liquidity?
  • Liquidity scoring - how do you sell down your assets to generate cash?

Erik Vynckier, Board member, FORESTERS FRIENDLY SOCIETY

14.00 Operational risk as the most complex "bucket" of risk

  • How do you effectively identify, assess, measure and manage operational risk events?
  • How do you quantify operational risk and model it?
  • Operational risk trend analysis and management MIS
  • Operational key risk indicators

Caroline Coombe, Chief Executive, ORIC INTERNATIONAL

14.30 Solvency II challenge - Unit-linked as a solution

  • From guaranteed to UL - how to succeed profitably
  • From fund selection to product development
  • Institutionalise and professionalize the ULIP - wider net for everybody

Ari Mäkinen, Head of Unit Linked Investments, OP, Insurance and Pension Investments

15.00 Afternoon break and opportunity to network

15.20 PANEL: ALM in the current investment environment

  • How to deliver returns in low interest rate environment?
  • High and long term guarantees
  • Liquid vs illiquid investments
  • New benefits and new challenges brought by macro changes
  • How to make traditional beta exposures more capital efficient
  • Finding diversification in an environment where asset valuation could be quite challenged

Moderator: Ari Mäkinen, Head of Unit Linked Investments, OP, Insurance and Pension Investments
Jakob Carlsson, CFO, LÄNSFÖRSÄKRINGAR LIV
Andreas Summersea, Chief Investment Officer, BLIWA LIVFÖRSÄKRING
Håkan Ljung, CRO, SKANDIA GROUP

16.00 SOLVENCY II PANEL: Regulatory developments in the Solvency II world

  • Are new companies applying for internal models? Are the constrains on internal models due to increase? Minimum requirements on internal models
  • What shall we expect from SII review? (changes to solvency ratios, UFR - ultimate forward rates) What will be the structural changes?
  • Pillar III reporting - How will Eiopa deal with/make use of all the received data?
  • Solvency and Financial Condition Report (SFCR) - are we doing it right? Key issues faced by the industry
  • Best practices in ORSA (own risk and solvency assessment); impact on your business model and strategic compliance

Moderator: Rob Mannix, Editor, INSURANCE RISK
Lauri Saraste, Chief Actuary, LOCALTAPIOLA LIFE
Per Plougmand Bærtelsen, Director, Life-assurance Division, FINANSTILSYNET, Danish FSA
Inna Aaltonen, Head of Insurance Solvency & Supervisory Reporting, FEDERATION OF FINNISH FINANCIAL SERVICES
Rasmus Thunberg, Chief Actuary, SPP PENSION & FÖRSÄKRING AB

16.40 Chair's closing remarks followed by drinks reception

 

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