SFRA Risk Colloquia

A series of 6 biannual colloquia will run from autumn 2010 until the end of 2012.

Third SFRA Risk Colloquium - Solvency II: Overcoming the Obstacles to Success

The Colloquium was held in Edinburgh on 28 September 2011. Presentations from the day are now available to download by following the links below.

Background

The Colloquium provided insights and expert opinions on the challenges involved in implementing the new solvency regime for the European insurance industry. Through a number of technical and bigger picture sessions, the Colloquium:

  • Examined some of the fundamental technical issues faced by analysts and actuaries in implementing the new framework
  • Explored the choices are available to policymakers in key areas
  • Considered how technicians can influence outcomes, and the barriers they face
  • Discussed the business implications and management options for Solvency II

Programme and Presentations

Session I


SFRA Update - Prof Alexander McNeil, Director, Scottish Financial Risk Academy

Introduction to the Themes of the Colloquium - Prof Alexander McNeil, Director, Scottish Financial Risk Academy

Limits to Market-Consistent Valuation - Prof Antoon Pelsser, University of Maastricht

Monte Carlo Valuation of Liabilities - Mark Cathcart, Heriot-Watt University and Barrie & Hibbert

Copy of Technical Paper
Netspar Panel Paper: Pricing in Incomplete Markets - Prof Antoon Pelsser

Session II


A Regulatory View on Technical Issues: Lessons from the Swiss Solvency Test - Dr Hansjoerg Furrer, FINMA

PRMIA Guest Lecture - Solvency II: Implications for Managing the Economics and Risks of Insurance Businesses - One CRO's View - Tom Wilson (Allianz)

Session III

Panel Contributors:

  • John Hibbert, Barrie & Hibbert (Panel Chair)
  • Douglas Anderson, Hymans Robertson
  • Seamus Creedon, Groupe Consultatif Actuariel Europeen
  • Tim Edwards, PricewaterhouseCoopers
  • Hansjorg Furrer, FINMA
  • Ross Gardiner, FSA
  • Raj Singh, Founding Chairman, CRO Forum
  • Tom Wilson, Allianz

Previous Colloquia

The Inaugural Risk Colloquium took place on 4 November 2010 and addressed the theme of "Risk Lessons from the Financial Crisis".

The Second Colloquium, held on 17 March 2011, explored themes related to "Absolute Returns and Hedge Funds".

Details of both events, and presentations from guest speakers, can be found here.



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