GI Conference 2008
Solvency II
Staying focused on your business in an increasingly regulated world
Wednesday 21st May 2008 08.45 - 12.45 at Andaz London Hotel,
Liverpool Street, London
Agenda
| 08.45 | Registration & Coffee |
| 09.00 | Chairman’s welcome David Jones |
| Staying focused Andrew Cox |
|
| The competitive pressures of running a successful insurance business are as strong as ever, but management agendas are increasingly filled with regulatory issues, leaving too little time for strategic thinking. However, with Solvency II not about to go away, how can you get genuine business value from the process? | |
| Reserving uncertainty - the Emperor's new boots Joe Monk |
|
| Reserving is the most financially significant function for an insurer. Reserving risk is also
often the most significant component of the ICA, and will continue to be so under Solvency II.
Given this importance, it is surprising how little the mainstream reserving methods have evolved.
Each year, billions of pounds of reserves are set using methods that are increasingly out of line
with developments in information technology and risk management. This session shows how the analysis can be performed using techniques that make better use of the available data, giving better management insight and more valuable feedback into the underwriting process. |
|
| 10.30 | Break |
| 11.00 | Flying by instruments - an effective approach to managing new accounts |
| Rob Murray | |
| This session provides a look at LCP Radar, LCP's new tool for relative exposure based claims
modelling. This method of claims modelling can be used alongside traditional development factor modelling to gain greater insights into a portfolio of business, or it can be used as a stand alone method particularly suited to newer accounts with limited historic claims data. The session also provides case studies exploring LCP Radar's use as a key input to the development of a reserving "early warning system". |
|
| Learning to love your model - but not too much Charl Cronje |
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| Actuarial modelling will continue to play a big role in the strategy of any insurance business going forward. This session aims to debunk some modelling myths and to explain how you can get the best out of your actuaries. | |
| 12.30 | Chairman’s closing remarks |
| 12.45 | Lunch |
