Program Guide

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Registration
  •  
Time Slot: 07:00 AM Wed 04/06/16

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Registration

W1: Master Class: Managing Value and Capital in Insurance
  • by Thomas Wilson, Allianz SE 
Room: Salon 5, Session Code: W1, Time Slot: 08:00 AM Wed 04/06/16

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Creating value is challenging in any highly competitive industry: a daily battle to capture market share, defend margins and improve expenses. Managing value in insurance and banking is even more challenging due to the unique role that risk and capital play in the economics of the business. Whereas most industrial corporations actively avoid risk, there can be no return to shareholders – and no satisfied customers – if insurers avoid risk, and taking risks requires capital. In insurance and banking, risk and capital management and value management are synonymous. The role of the Chief Financial Officer (CFO) and Chief Risk Officer (CRO) have evolved and adapted to this economic reality. Modern finance and risk functions now have substantial influence on strategy and operations and, through these, the value of their firms. This influence comes in part from being a business partner and in part through the activities directly within their responsibility. This Masterclass is intended as a practical but theoretically grounded overview for how finance and risk professionals can better manage capital and value in insurance and banking. The course itself is structured around three broad themes in four sessions: Better Information – Measuring Value; Better Insights – Managing Value; and Better Decisions – Capital, Balance Sheet and Risk Management. Seminar participants will received a signed copy of Tom’s book, Value and Capital Management

Refreshment Break
  •  
Time Slot: 10:00 AM Wed 04/06/16

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Refreshment Break

Luncheon (for Seminars I and II)
  •  
Room: Salon 4, Time Slot: 12:00 PM Wed 04/06/16

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Luncheon (for Seminars I and II)

W3: Model Governance: What Could Possibly Go Wrong?
Room: Salon D-E, Session Code: W3, Time Slot: 01:00 PM Wed 04/06/16

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The session will commence with time to analyze the prepared materials and then a facilitated plenary discussion to develop greater understanding. The prepared materials are mocked-up based on real case studies of single insurers and national and international insurance groups and include (a) board agenda and papers relating to ECM (b) proposals for ECM design (c) numerical examples of parameterization (d) extracts for several distinct uses of the ECM (e) validation results (f) samples of internal and external audit review (g) historical threads of emails between individuals in the case study insurer’s management team (h) external analyst and rating agencies reports. Teams will be formed and then, in teams, participants will analyze the weaknesses or failures and make recommendations for improving model governance. Teams will present taking turns, with other teams scrutinizing and challenged those recommendations. The scrutinizers will role-play in the capacities of Group (parent) management and State regulators. The session will close again in plenary session to summarize the findings and learnings.

Exhibit Set Up
  •  
Room: Salons 3-4, Time Slot: 02:00 PM Wed 04/06/16

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Exhibit Set Up

Refreshment Break
  •  
Time Slot: 03:00 PM Wed 04/06/16

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Refreshment Break

Welcome Reception in Exhibit Room
  •  
Room: Salons 3-4, Time Slot: 05:00 PM Wed 04/06/16

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Welcome Reception in Exhibit Room

Continental Breakfast in Exhibit Room
  •  
Room: Salons 3-4, Time Slot: 07:00 AM Thu 04/07/16

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Continental Breakfast in Exhibit Room

Registration
  •  
Time Slot: 07:00 AM Thu 04/07/16

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Registration

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