Programme

Solvency II & Insurance Risk, 2012

08:00	Registration and refreshments
08:50	Chairman's opening remarks
09:00	KEYNOTE: Solvency II implementation - challenges and opportunities for life insurers Current state of the political progress Transposition of Solvency II into national legislation Impact of the internal model How can companies compete best in a Solvency II world? How does life under Solvency II compare with life before The Directive Finding efficient ways of coping with the burden of regulation The keynote speaker is currently being finalised
09:40	PANEL: An international perspective: equivalence and competitiveness The impact of SII on other EU markets How will multinationals who write a lot of business in US and Asia react? Achieving SII 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 Bruce Porteous, Head of Solvency 2 Regulatory Development, STANDARD LIFE Isabella Mammerler, Director, Risk Management, SWISS REINSURANCE COMPANY Further panellists currently being finalised
10:20	Product design implications of Solvency II Product design in a post Solvency II world Explicit investment in risk management to improve product design Portfolio replication and its promise for product design Speaker details currently being finalised
11:00	Morning break
11:30	Market risk management - responding to the volatility challenge ALM in a low interest rate environment Implications for asset mix Response to level one? Proposal level two? Symmetrical premium adjustment Transition period Etienne Comon, Head of European Insurance Strategies, GOLDMAN SACHS ASSET MANAGEMENT
12:10	Pillar 3 and the reporting challenge for insurers How much knowledge needs to be shared? - clarifying the current reporting requirements & essential preparation Internal and external reporting - handling SFCR and RSR FSR, ECB reporting requirements and the overlap between IFRS and Solvency II Obtaining greater transparency and enhancing the exchange of information on asset and investment risk data Thijs van Woerden, Head of Department, Insurers and Pension Funds, Policy Division, DE NEDERLANDSCHE BANK and Chair of IGSRR
12:50	Optimizing capital under the Solvency II regime Economic capital optimization Defining and embedding risk appetite What does it mean for capital structure Role of risk mitigation Link with internal model Jorg Sauren, Senior Advisor on Internal Model & Solvency II, ING GROUP
13:30	Lunch and opportunity to network
14:30	From Solvency II to BAU: integrating Solvency II into day-to-day business processes Making the processes repetitive and continual after day one Automated systems and continuous ORSA Keeping the documentation up to date Clean data What has Solvency II implementation taught us? Craig Taylor, Program Manager, ING
15:10	ORSA and strategic risk management - a holistic approach 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 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? Tobias Buecheler, Chief Investment Office, ALLIANZ Further panellists currently being finalised
16:00	Afternoon break
16:30	Networking Roundtables 1. Own funds and capital: is capital treated differently in different sectors? Speaker details currently being finalised 2. The changing face of asset allocation Speaker details currently being finalised 3. Managing the effects of Solvency II on balance sheets Speaker details currently being finalised 4. Optimizing under Solvency II: business models, capital, operations and more Tobias Buecheler, Chief Investment Office, ALLIANZ 5. Conframe IIIS Speaker details currently being finalised 6. Surviving the pre-application process Speaker details currently being finalised 7. Internal model application process: who is ready for 2013? Paolo Cadoni, Internal Models Chair, EIOPA 8. ORSA Speaker details currently being finalised
17:30	Chairman's closing remarks and cocktail reception

DAY TWO: INSURANCE RISK

08:00	Registration and refreshments
08:50	Chairman's opening remarks
09:00	KEYNOTE: Establishing and documenting an organisation's risk appetite: a cornerstone for the risk management framework The importance of a rigorous approach to defining and documenting risk appetite Measuring risk appetite - quantitative and qualitative measures Aligning decision making and risk and implementing the frameworks Risk exposure and capital requirements The keynote speaker is currently being finalised
09:40	CRO PANEL: Changing of business culture in your organisation How will companies change what they do as a result of Solvency II New days, new ways: role of a today's risk manager Implementing a risk culture in your firms Implications for governance Workflow and reporting requirements for robustness Kevin Borrett, Head of Risk, UNUM Roger Dix, Chief Risk Officer, AVIVA UK Further panellists currently being finalised
10:20	Long term potential for traditional products Economic benefits of traditional insurance model Transaction costs Costs of rebalancing portfolios Speaker details currently being finalised
11:00	Morning break
11:30	Pillar II and the key challenges in implementing enterprise risk management Own Risk & Solvency Assessment: the importance of continuance How do companies implement risk management and risk governance Process controls Risk management systems: how are they interpreted in the Directive? Speaker details currently being finalised
12:10	New product design - long-term guarantees and cost-effective approaches to hedging Legal direction What is the future of guaranteed products? Do we fully understand where we have exposure? Assessing the risks in unit-linked guarantee products Speaker details currently being finalised
12:50	Lunch
14:00	The role of insurers in longevity risk transfer Longevity risk overview: trends, issues and opportunities Analysis of models available in the market Best practise of integrating longevity risk into your investment strategy Speaker details currently being finalised
14:40	Strategic impact of being a life/non-life company Likely to affect risk strategy Get people who are already making the change Branches vs. subsidiaries Companies creating one single balance sheet Speaker details currently being finalised
15:30	Afternoon break
16:00	Issue of long term investment and insurance How to capture maturity asset management within an internal model Translating every day trading to holding maturity Speaker details currently being finalised
16:40	PANEL: Adapting to the EU Gender Directive What is underwriting policy How do you mitigate a longevity risk Calculating uniform and unisex risk Future impact on insurance in relation to reserving, pricing and risk management Panellists currently being finalised
17:20	End of conference and cocktail reception