12/11/2012. North America. New York. Risk management and strategy in a low rates environment. insurancerisknorthamerica.com

Transcription

1 Regulatory update Economic capital Risk appetite ALM optimization Risk management and strategy in a low rates environment insurancerisknorthamerica.com Inaugural Insurance Risk North America conference bringing together specialists across insurance market Find out about positioning for long-term low interest rates and new developments in the regulatory landscape Learn about best practice for developing a dynamic and transparent risk culture in your organization Put your thoughts to industry thought-leaders and do not miss excellent networking opportunities Lead Sponsor Presentation Sponsors Hosted by

2 welcome... The North American insurance industry is facing many challenges at present. Against the backdrop of tough economic conditions and new regulatory initiatives, companies are under pressure to grow and improve the efficiency of the capital they employ. Volatility in the financial markets and the low interest rate environment, in particular, are putting considerable pressure on insurers in their efforts to manage the risks on their balance sheets and meet their liabilities to policyholders, with implications for the products they offer and the assets they hold. At the same time new regulations, such as the Solvency Modernization Initiative, are increasing the burden on firms and are placing an increased emphasis on risk management. Insurers are looking for ways to understand better the risks they face and the capital they need to support and grow their businesses and drive profit. It is with great pleasure that I welcome you to the Insurance Risk North America conference. The conference will host some of the insurance industry s leading thinkers and practitioners on risk management and regulation and will address some of these crucial issues, covering topics such as: Meeting the new regulatory challenge Finding yield in a low-interest rate environment Developing a dynamic risk culture Capital optimisation Best practice in risk management frameworks With a blend of incisive commentary and lively debate, Insurance Risk North America will be an ideal forum to discuss how best to overcome the challenges of today and prepare for the risks of tomorrow. I look forward to meeting you there. Yours faithfully, Michael Faulkner Editor-in-chief, Insurance RIsk

3 Who should attend? Job titles include... Chief Risk Officers CEOs/CFOs/CIOs Heads of Enterprise Risk Management Heads of ALM Risk Analysts Heads of Asset Allocation/Investment Management Heads of Portfolio Management Heads of Alternative Investments Heads of Credit/Market/Operational Risk Chief Actuaries Heads of Quantitative Research Treasurers Reasons to attend From companies such as... Insurance and reinsurance companies (life and non-life insurance) Regulators Asset managers Consultancies Investment banks Rating agencies Technology providers Law firms Learn how to position your company for long-term low interest rates and how to manage the associated risks. Hear about new investment strategies and receive first hand advice on how to maximize returns in the current economic climate. Let our specialists guide you on how to optimize asset and liability management, capital modeling and planning. Meet your peers from across North America, share best practice and build new contacts. Get involved in the discussion and harness the expertise of our speakers. Ask them questions and gain practical knowledge that will help you and your company to perform better. Speakers include Gideon Pell Chief Risk Officer, NEW YORK LIFE Mark Abbott Managing Director, Head of Quantitative Risk Management, GUARDIAN LIFE Nicholas Silitch Senior Vice President, Chief Risk Officer, PRUDENTIAL FINANCIAL Wayne Fisher Director, Audit Committee Chair, ZURICH HOLDING COMPANY OF AMERICA Steve Umlauf, Managing Director, Head of Analytics, AIG Andrew Rallis Global Head of ALM, Senior Vice President, METLIFE Elizabeth Ward Executive Vice President, Chief Enterprise Risk Officer, MASSMUTUAL

4 PROGRAM Morning schedule 8.00 Registration and refreshments 8.30 Chairman s welcoming address 8.40 Keynote address: An update on the Federal Insurance Office study Speaker to be confirmed, please visit insurancerisknorthamerica.com 9.30 Panel discussion: The developing regulatory landscape Progress of the Solvency Modernization Initiative The US and Solvency II: the equivalence debate The US ORSA The role of the Federal Insurance Office in insurance regulation Convergence across regulatory regimes Gideon Pell, Chief Risk Officer, NEW YORK LIFE, Elizabeth Ward, Chief Enterprise Risk Officer, MASSMUTUAL Further speakers to be confirmed, please visit insurancerisknorthamerica.com Morning break Presentation: Enterprise Risk Management and the pursuit of underwriting excellence Jacob Rosengarten, Chief Enterprise Risk Officer, XL GROUP Presentation: Managing and modeling economic capital Developing the next generation of capital models Using hybrid approaches The benefits of a corporate-wide approach to capital modeling Curt Burmeister, Vice-President, Risk Solutions, IBM ALGORITHMICS Panel discussion: Developing a dynamic and transparent risk culture Establishing an effective and responsive risk governance framework Driving risk management as a collaborative process Understanding risk and establishing a dynamic risk appetite Engaging senior management and the board Moderator: Mark Abbott, Managing Director, Head of Quantitative Risk Management, GUARDIAN LIFE Nick Silitch, Senior Vice President, Chief Risk Officer, PRUDENTIAL FINANCIAL Dave Ingram, Executive Vice President, WILLIS RE Matti Peltonen, Division Chief, NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES Wayne Fisher, Director, Audit Committee Chair, ZURICH HOLDING COMPANY OF AMERICA 1.00 Lunch and opportunity to network

5 PROGRAM afternoon schedule 2.00 Panel discussion: Positioning for long-term low interest rates Managing interest rate risk Maximizing returns on risk free and risk assets The challenge of guaranteed products in a low yield environment Alternative assets Utilizing liquidity swaps with banks Moderator: Doug French, Principal, Insurance and Actuarial Services, Financial Services, ERNST & YOUNG Gerald Wilson, Senior Vice President, Chief Risk Officer, AEGON AMERICAS David Braun, CFA, VPA, Portfolio Manager, PIMCO Andy Rallis, Global Head of ALM, Senior Vice President, METLIFE 2.50 Presentation: Planning and forecasting to optimize capital and profitability Identifying business objectives and constraints for the planning process Projecting dynamic new volumes to assess capital implications Balancing objectives under Stat, GAAP and total return perspectives Stress testing the plan under alternative economic scenarios Brian Rhoads, Insurance Practice Leader, QRM 3.30 Afternoon break 3.50 Panel discussion: ALM optimization Regulatory considerations Optimizing ALM and investment returns Hedging challenges Representative from QRM Steve Umlauf, Managing Director, Director, Head of Analytics, AIG Further speakers to be confirmed, please visit insurancerisknorthamerica.com 4.40 Panel discussion: Meeting risk management implementation challenges - pulling it all together The importance of integrating finance, actuarial and risk Roles and responsibilities - organization and people Identifying processes Supporting technologies Moderator: Rick Marx, Partner, ERNST & YOUNG Further speakers to be confirmed, please visit insurancerisknorthamerica.com 5.30 Chairman s closing remarks. Cocktail reception TO REGISTER Call conferences.americas@incisivemedia.com insurancerisknorthamerica.com

6 Booking Form Subscriber rate save 20% Early Bird book by November 9th 2012 Full price $880 $949 $1,099 Insurance Risk magazine subscribers save 20%, just quote your subscription reference number here: Please note that discounts cannot be combined. Registration Details Please complete your details below in block capitals title first name fax address last name job title/position department company telephone post/zip code country PAYMENT DETAILS I enclose a cheque payable to Incisive Financial Publishing Ltd. Please debit my amex visa maestro mastercard issue number: valid from: expires: card no. security no. account address (if different from above) signature date Please sign here to confirm you have read, understand and agree to all the terms and conditions below VENUE Marriott Marquis 1535 Broadway, NY A block of rooms has been reserved at the Marriott Marquis for Insurance Risk North America attendees. To make your reservation please call to reserve your room. signature Warning: Insurance Risk is a registered trademark, and the titles, contents and style of this brochure are the copyright of Incisive Media. We will act on any infringement of our rights anywhere in the world. Incisive Media. Cancellation/Substitution: A refund (less 10% administration fee) will be made if notice of cancellation is received in writing three weeks before the conference. Regrettably, no refunds will be available for cancellations received less than three weeks before the event start date. If you do not attend the event or notify us of your intention to cancel, the full fee will still be payable. A substitute delegate is welcome but the organiser MUST be notified in advance of the conference to avoid incurring a charge. Substitutions may NOT be made at the conference. Disclaimer: The programme may change due to unforeseen circumstances, and Incisive Media reserves the right to alter the venue and/or speakers. Incisive Media accepts no responsibility for any loss or damage to property belonging to, nor for any personal injury incurred by, attendees at our conferences, whether within the conference venue or otherwise. Data Protection: By registering for Insurance Risk North America, Incisive Media* will send you further information relating to this event. In addition we will send you information about our other relevant products and services which we believe will be of interest to you. If you do not wish to receive other relevant information from Incisive Media via a particular medium please tick the following relevant boxes: mail phone fax . Incisive Media will also allow carefully selected third parties to contact you about their products and services.please tick if you are happy to receive relevant information from carefully selected third parties by and fax. insurancerisknorthamerica.com 4925/12