Solvency II & Insurance Risk, Day 1 - 9th October 2012

08:00	Registration and refreshments
09:10	Chairman's opening remarks: Michael Faulkner, Editor, INSURANCE RISK
09:20	KEYNOTE: Implementing Solvency II - challenges, lessons learned and optimisation Current state of play: timeline, content, key issues Navigating the regulatory process efficiently Moving towards optimisation - implications for business, capital management and beyond Tobias Buecheler, Head of Solvency II Project, ALLIANZ
10:00	An unprecedented amount of change: the risks associated with regulatory dissonance Across jurisdictions and industry segments Socio-economic outcomes Risk taking and burden sharing Collateral damage Paul Traynor, Head of Insurance, EMEA, BNY MELLON
10:40	Morning break and opportunity to network
11:10	Market risk management - responding to the volatility challenge Maximisation of return on regulatory capital and minimisation of balance sheet volatility - two conflicting objectives Managing the pro-cyclicality of capital ratios Designing an optimal dynamic allocation strategy Asset/liability management of long-dated liabilities Etienne Comon, Head of European Insurance Strategies, GOLDMAN SACHS ASSET MANAGEMENT
11:50	The big picture: strategic risk management and the ORSA An integrated policy framework What is the ORSA trying to achieve? Solvency II's ORSA versus NAIC's ORSA and UK ICA Lessons learned Today's missing link Jan Parner, Deputy Director General, FINANSTILSYNET
12:20	Lunch and opportunity to visit the exhibition
13:30	PANEL: Responding to the regulator Executive vs. non-Executive Director discussion Implementing ORSA in day to day decision making Are the regulators making sense? If this is what regulator wants, why the need to engage with board of director? Moderator: Clive Martin, Partner, ERNST & YOUNG Tobias Buecheler, Head of Solvency II Project, ALLIANZ Tristan Garnons-Williams, Policy Adviser, Solvency II, Prudential Regulation Directorate, ASSOCIATION OF BRISTISH INSURERS Jan Parner, Deputy Director General, FINANSTILSYNET
14:30	Building the Bridge from Solvency II to investment management Leveraging advanced risk analytics from Internal Models to improve business performance Using risk analytics to create risk and capital focused investment strategies with a focus on: - Creating realistic liability-driven investable investment benchmarks - Tools for investment managers to make risk and capital focused trading decisions - The on-going measurement and management of risk and capital from an asset/liability perspective Dr Andrew Aziz, Executive Vice President of Buy Side Solutions, ALGORITHMICS, an IBM Company
15:20	Afternoon break and opportunity to network
15:50	PANEL: The consequences of Solvency II on international insurance markets The impact of Solvency II on other EU markets How will multinationals who write a lot of business in US, Canada and Asia react? Achieving Solvency II compliant company status for those outside of EU Why non-equivalence leads to unfair competition in third countries How to deal with a third country supervisor's reluctance to volunteer for full or transitional equivalence Moderator: Brian Rhoads, Insurance Practice Leader, QUANTITATIVE RISK MANAGEMENT Bruce Porteous, Head of Solvency II Regulatory Development, STANDARD LIFE Isabella Mammerler, Director, Risk Management, SWISS REINSURANCE COMPANY Perry Thomas, Global Chief Risk Officer & Group Chief Actuary, HSBC INSURANCE Jan Parner, Deputy Director General, FINANSTILSYNET
16:30	Networking Roundtables 1. Own funds and capital: is capital treated differently in different sectors? Catherine Stynes, Manager, Capital Resources Policy team, FINANCIAL SERVICES AUTHORITY 2. Learning from internal model validation James Tufts, Partner, ERNST & YOUNG 3. Achieving a successful Solvency II Standard Formula implementation Nilanjan Mukherjee, Allianz Project Manager, SECONDFLOOR 4. Solvency II implications for products and performance management John Bielski, Head of Risk Capital and Reporting, LIVERPOOL VICTORIA 5. Longevity risk in a Solvency II environment Frans Boshuizen, Head of Risk MI & Support, AEGON 6. The future of the CRO Roger Dix, former Chief Risk Officer, AVIVA UK LIFE 7. The use of derivatives for hedging guarantees Tom Rogers, Head of Strategy Implementation, Investment Management, ZURICH 8. Global impacts of Solvency II Perry Thomas, Global Chief Risk Officer & Group Chief Actuary, HSBC INSURANCE
17:30	Chairman's closing remarks and networking drinks reception

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