Live Streaming Event Session Descriptions

8:30 a.m. – 9:30 a.m.

Featured Speaker: Dr. Charlie Miller

Dr. Charlie Miller reveals just how vulnerable corporate computer systems are, while making a passionate plea for clients, carriers and firms to treat cybersecurity as a top priority.

Speaker:

    Charlie Miller, Principal Autonomous Vehicle Security Architect, & Renowned ‘White Hat’ Hacker

 

9:30 a.m. – 10:45 a.m.

Concurrent Session-Risk Evaluation Perspectives: Firm, Sector & Horizon Scanning

This session brings together learnings on risk assessment supporting the evaluation of capital requirements and business model viability. We will provide practical observations to benefit risk modelling actuaries and encourage debate on the assessment of complex risks.

1: Firm Level risk assessment; we will share:

  • Natcat modelling: recent Bank of England research on hurricane clustering;
  • Assessing internal model drift: the Bank’s approach to monitoring IM drift designed to assess whether IMs remain fit-for-purpose

2: Sector Level risk assessment; we will share:

  • Pricing conditions in the Wholesale Market: insights from our annual Monitoring-the-Market survey; including how this is used to assess firms’ business plans.
  • Stress testing of global risks: our latest stress tests for London Market insurers that cover North American perils.

3: Horizon scanning; we will share:

  • Insights of our work on cloud computing & cyber – one of various Bank technology initiatives within the context of assessing operational resilience.

Panelists:

    • Cameron Heath, Actuary, Bank of England

Stefan Claus, Technical Head of Insurance, Bank of England

 

11:00 a.m. – 12:15 p.m.

Concurrent Session-Predictive Analytics in ERM: New Opportunities and New Challenges

Each speaker will speak to how P&C, Health and Life are using Predictive Analytics in ERM. Participants will understand what has been done, what needs to be done, as well as successful approaches for incorporating Predictive Analytics into the ERM process. Appropriate use cases will be presented and key Predictive Analytics terms will be defined so that there is applicability to a broad audience.

Moderator:

    • Martin Snow

Panelists:
Kathryn Koch, Consulting Actuary, Lewis & Ellis, Inc.

Andrea Rome, Vice President, Lewis & Ellis, Inc.

Martin Snow, Vice-President & Chief Delivery Officer, Atidot

 

1:45 p.m. – 3:00 p.m. Concurrent Session

Professionalism for Enterprise Risk Management

Actuaries working in Enterprise Risk Management have a variety of standards to help guide them. This interactive session will explore all of the tools with a special focus on ASOP 46 & 47. The session will include background, case studies, and games to test and apply your knowledge of these important ASOP’s.

Panelists:

Kendall Williams, Staff Actuary, Casualty Actuarial Society

Michael Speedling, Director, Internal Audit, AXIS Capital

 

3:15 p.m. – 3:45 p.m. Concurrent Session

Advances in Cyber Risk Modeling

Cyber risk offers insurers an opportunity to grow their business and help society become more resilient in the face of a new threat. Eye-opening incidents such as Dyn and Wannacry illustrated the potential for catastrophic losses, but insurers remain challenged to understand how often cyber incidents can occur and how these can affect the performance of their business. As a result, cyber risk management decisions on tend to be made with limited data and too much weight is put on intuition or broad assumptions. Risk models help insurers quantify the likelihood, severity, and economic and insured financial impact of cyber incidents. In this seminar, you’ll learn about the advances being made in the development of probabilistic cyber risk models and how these can be leveraged to inform risk management decisions.

Moderator:

    • Mario DiCaro, Vice President, Capital Modeling & Analytics, Tokio Marine HCC

Panelists:

    Scott Stransky, AVP & Director of Emerging Risk Modeling, AIR Worldwide

 

4:00 p.m. – 5:00 p.m. General Session

Evolution of the Role of Actuaries in Risk Management

Initially pushed by Rating Agencies, then by ORSA regulations around the world, Risk Management tasks has evolved greatly in the past decade. And the role of Actuaries in the space has also evolved, from pioneers framework builder to Business As Usual gatekeeper. Let’s hear what the panel of experts predicts the future could be for Risk Management, and the role of actuaries in the space. And how to best prepare for it.

Moderator/Panelist:

    • Chester Szczepanski, Senior Vice President & Chief Actuary, Donegal Insurance Group

Panelists:

    • Alice Underwood, Global Leader, Insurance Consulting and Technology, Willis Towers Watson
    • David Ingram, Senior Vice President, Willis Towers Watson
    • Max Rudolph, Principal, Rudolph Financial Consulting, LLC
    Chester Szczepanski, Senior Vice President & Chief Actuary, Donegal Insurance Group