| 08.30 |
Registration & light breakfast |
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| 09.00 |
Chairman's welcome |
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Declan Lavelle, Partner, Lane Clark and Peacock Ireland Ltd |
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Staying focused
Andrew Cox, Partner, Lane Clark and Peacock LLP |
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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?
This session describes the mindset that insurance managers need to adopt to make regulatory
capital modelling a competitive opportunity rather than a crippling overhead.
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Reserving uncertainty - the Emperor's new boots
Joe Monk, Partner, Lane Clark and Peacock LLP |
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Reserving is the most financially significant function for an insurer. Reserving
risk is also often the most significant component of a risk based capital assessment, 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 euros 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.
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| 10.30 |
Break |
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| 11.00 |
Flying by instruments - an effective approach to managing new accounts |
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Rob Murray, Partner, Lane Clark and Peacock LLP |
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This session provides a look at a new relative exposure based methodology for claims and
reserves 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 the use of this approach in the development of
a reserving "early warning system".
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Learning to love your model - but not too much
Charl Cronje, Partner, Lane Clark and Peacock LLP |
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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.
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| 12.30 |
Chairman's closing remarks |
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Declan Lavelle, Partner, Lane Clark and Peacock Ireland Ltd |
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| 12.45 |
Sandwich lunch |
