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Informa
8:00am - 8:50am

Registration & welcome coffee

8:50am - 9:00am

Chairman’s Opening Address

9:00am - 9:30am

Geopolitical address: An inside look at the growing nationalism worldwide

What does this fragmentation mean for this insurance industry?

  • Bronwen Maddox - Director, Institute for Government
more
9:30am - 10:00am

Redefining risk in insurance: Four moves insurers must make

  • Matteo Coppola - Partner & Managing Director, Global leader of the Risk Insurance taskforce, The Boston Consulting Group
more
10:00am - 10:45am

CRO panel discussion: When life hands you lemons, make lemonade… A time for caution or bravery?

What new products and innovations can be born out of these unstable market conditions?

  • Emmanuel Van Grimbergen - Group Chief Risk Officer, Ageas
  • Peter Grewal - Chief Risk Officer Reinsurance, Swiss Re
  • George Brady - Senior Advisor and Insurance Lead, Institute of International Finance
  • Christian Dahmen - Chief Risk Officer and Member of the Board of Management, NewRe
  • Moderator Ghislain Perissé - Head of Insurance Business and Services Development, AXA Investment Managers
more
10:45am - 11:15am

Morning networking coffee break

11:15am - 11:45am

Model Risk Management (MRM) : State of the market and benefits

Model Risk Management is a new topic in the insurance industry that is emerging on the CRO agenda. The purpose of MRM is to provide assurance that all material models (not just regulatory ones) are properly controlled. In absence of regulatory pressure it is important to articulate and demonstrate the benefits of MRM. A sound MRM framework will not only improve effectiveness i.e. the stability of model outcomes and other KPIs, but also improve the efficiency i.e. cost and reporting timelines of the models operated by insurers. Currently, the roles of model management and control functions are not yet standardized across the industry. A MRM function needs to drive standardization in defining model management standards, ensure consistency of practices and to increase efficiencies across the board.

  • Maribel Tejada - Senior Manager, Risk Dynamics
  • Roel Van den Heuvel - Associate Partner, Risk Dynamics
more
11:45am - 12:15pm

The customer-centric perspective: It’s not us versus them

Why the social and the traditional need to get on 

  • Joe McEwan - Head of Brand, Innocent Smoothies
more
12:15pm - 1:00pm

CRO Panel discussion: Can one business model please both the shareholders and the customer?

How are we achieving innovation, customer centricity and shareholder return whilst minimizing risks?

  • Jose Morago - Head of Enterprise Risk (Deputy CRO), UK’s Financial Conduct Authority
  • Anthony Williams - Chief Risk Officer, CNA Hardy
  • Alexey Kozhanov - Chief Risk Officer , Sberbank Life Insurance
more
1:00pm - 2:10pm

Lunch PLUS Closed door lunch PLUS Women in risk lunch

Closed door lunch: The ever-changing Cyber threat landscape requires organizations to actively improve their cyber security posture. While the urgency of preparation is clear, how do you actually get ready for the unexpected? - Led by EY

Women in risk networking lunch: Join us for an informal discussion about diversity and inclusion in insurance companies led by: 

  • Katja Rieger, Managing Director, Ripple Effect
  • Barbara Schönhofer, Founder, The Insurance Supper Club
  • Katja Rieger - Managing Director, Ripple Effect GmbH
  • Barbara Schönhofer - Founder, The Insurance Supper Club
more
Showing of Streams
3:45pm - 4:15pm

Afternoon coffee break

Showing of Streams
5:50pm - 6:50pm

Drinks reception PLUS practitioner champagne roundtables

Roundtable 1: Machine learning solutions for Solvency II: Actuaries were the first data scientists. Insurance companies were the first data companies. As every industry becomes a data industry and hires data scientists, insurance and actuaries should be leading the way! 

Led by:

  • Effi Mor, CEO, RemitRix
  • David Engelmayer, Chief Actuary Officer, RemitRix
  • Netta Shachar, Machine learning Researcher, RemitRix

Roundtable 2: Diversity and inclusion 

Led by:  

  • Katja Rieger, Managing Director, Ripple Effect
  • Barbara Schönhofer, Founder, The Insurance Supper Club
  • Roundtable 1 Leader Effi Mor - CEO, RemitRix
  • Roundtable 1 Leader David Engelmayer - Chief Actuary Officer, RemitRix
  • Roundtable 1 Leader Netta Shachar - Machine learning Researcher, RemitRix
  • Roundtable 2 Leader Barbara Schönhofer - Founder, The Insurance Supper Club
  • Roundtable 2 Leader Katja Rieger - Managing Director, Ripple Effect GmbH
more
8:00am - 8:50am 50 mins
Registration & welcome coffee
8:50am - 9:00am 10 mins
Chairman’s Opening Address
9:00am - 9:30am 30 mins
Geopolitical address: An inside look at the growing nationalism worldwide
  • Bronwen Maddox - Director, Institute for Government
more

What does this fragmentation mean for this insurance industry?

9:30am - 10:00am 30 mins
Redefining risk in insurance: Four moves insurers must make
  • Matteo Coppola - Partner & Managing Director, Global leader of the Risk Insurance taskforce, The Boston Consulting Group
more
10:00am - 10:45am 45 mins
CRO panel discussion: When life hands you lemons, make lemonade… A time for caution or bravery?
  • Emmanuel Van Grimbergen - Group Chief Risk Officer, Ageas
  • Peter Grewal - Chief Risk Officer Reinsurance, Swiss Re
  • George Brady - Senior Advisor and Insurance Lead, Institute of International Finance
  • Christian Dahmen - Chief Risk Officer and Member of the Board of Management, NewRe
  • Moderator Ghislain Perissé - Head of Insurance Business and Services Development, AXA Investment Managers
more

What new products and innovations can be born out of these unstable market conditions?

10:45am - 11:15am 30 mins
Morning networking coffee break
11:15am - 11:45am 30 mins
Model Risk Management (MRM) : State of the market and benefits
  • Maribel Tejada - Senior Manager, Risk Dynamics
  • Roel Van den Heuvel - Associate Partner, Risk Dynamics
more

Model Risk Management is a new topic in the insurance industry that is emerging on the CRO agenda. The purpose of MRM is to provide assurance that all material models (not just regulatory ones) are properly controlled. In absence of regulatory pressure it is important to articulate and demonstrate the benefits of MRM. A sound MRM framework will not only improve effectiveness i.e. the stability of model outcomes and other KPIs, but also improve the efficiency i.e. cost and reporting timelines of the models operated by insurers. Currently, the roles of model management and control functions are not yet standardized across the industry. A MRM function needs to drive standardization in defining model management standards, ensure consistency of practices and to increase efficiencies across the board.

11:45am - 12:15pm 30 mins
The customer-centric perspective: It’s not us versus them
  • Joe McEwan - Head of Brand, Innocent Smoothies
more

Why the social and the traditional need to get on 

12:15pm - 1:00pm 45 mins
CRO Panel discussion: Can one business model please both the shareholders and the customer?
  • Jose Morago - Head of Enterprise Risk (Deputy CRO), UK’s Financial Conduct Authority
  • Anthony Williams - Chief Risk Officer, CNA Hardy
  • Alexey Kozhanov - Chief Risk Officer , Sberbank Life Insurance
more

How are we achieving innovation, customer centricity and shareholder return whilst minimizing risks?

1:00pm - 2:10pm 70 mins
Lunch PLUS Closed door lunch PLUS Women in risk lunch
  • Katja Rieger - Managing Director, Ripple Effect GmbH
  • Barbara Schönhofer - Founder, The Insurance Supper Club
more

Closed door lunch: The ever-changing Cyber threat landscape requires organizations to actively improve their cyber security posture. While the urgency of preparation is clear, how do you actually get ready for the unexpected? - Led by EY

Women in risk networking lunch: Join us for an informal discussion about diversity and inclusion in insurance companies led by: 

  • Katja Rieger, Managing Director, Ripple Effect
  • Barbara Schönhofer, Founder, The Insurance Supper Club
2:10pm - 2:15pm 5 mins
Quantitative risk management
Chairman's opening remarks
2:10pm - 2:15pm 5 mins
Risk management and regulation
Chairman’s opening address
2:15pm - 2:45pm 30 mins
Quantitative risk management
Creating value for investors through capital management
  • Gianluca Sanmartino - Head of Group Enterprise Risk Management, Generali
  • Marco Giunta - Principal, The Boston Consulting Group
more
2:15pm - 2:45pm 30 mins
Risk management and regulation
Getting closer to European supervisory convergence
  • Jarl Kure - Principal Expert, EIOPA
more

What elements of progress so far within Solvency II are seen and how are we achieving more supervisory convergence?

2:45pm - 3:15pm 30 mins
Quantitative risk management
Developing an efficient risk appetite framework in a constantly changing world
  • Katja Pluto - Head of Enterprise Risk Management, Zurich Insurance Company
more

Incorporating capital and growth measures into your risk framework whilst keeping up with adjustments in the market

2:45pm - 3:15pm 30 mins
Risk management and regulation
Where risk meets digital
  • Fabrizio Pessina - Partner and Managing Director, The Boston Consulting Group
  • Alessandra Catozzella - Project Leader, Senior member of the Risk & Regulatory Insurance taskforce, The Boston Consulting Group
  • Lorenzo Fantini - Principal, The Boston Consulting Group
more

Impact of AI & robotics in risk & compliance management

3:15pm - 3:45pm 30 mins
Quantitative risk management
Navigating uncertain waters with a robust and comprehensive risk management framework
  • Tessa Kuijl - Senior Business Specialist Pensions & Insurance, Ortec Finance
more
  • The current economic environment could be persistent and the new-normal, but what if it’s not?
  • Business planning in an uncertain environment requires a top-down approach which oversees the market and business risks at every level of the company
  • Gaining full insight of the risks enables to act in an optimal way to achieve maximum potential for your stakeholders
3:15pm - 3:45pm 30 mins
Risk management and regulation
Conduct risk should be a major concern in the insurance sector
  • Henk Becquaert - Member Of Management Committee , Belgian Financial Services & Markets Authority (FSMA)
more

What are the activities that undermine the reputation of the sector? How can you overcome the limited trust consumers have in insurance products and the risks they create?

3:45pm - 4:15pm 30 mins
Afternoon coffee break
4:15pm - 4:45pm 30 mins
Quantitative risk management
Optimizing collaboration around reporting and model changes
  • Jorg Sauren - Product Owner Group Risk Systems, NN Group
more

How to we organize model changes, integration of new business units and optimize speed in risk reporting?

4:15pm - 4:45pm 30 mins
Risk management and regulation
Corporate governance in insurers – does it work, and does it matter?
  • Pollyanna Deane - Partner, Simmons & Simmons
more
4:45pm - 5:15pm 30 mins
Quantitative risk management
Artificial intelligence in the insurance industry
  • Raphael Borrel - Internal Model Industry Forum Steering Committee Member, Institute of Risk Management
more

Key guidelines on the regulatory considerations including data protection and non-discrimination perspectives that may result from AI use

4:45pm - 5:15pm 30 mins
Risk management and regulation
Same same, but different: Solvency 2.1, global Insurance Capital Standards and IFRS
  • Tobias Buecheler - Head of Supervision and Regulation , Allianz Group
more
  • An outlook on the review of Solvency II and its interaction with the development of a global Insurance Capital Standard and the new IFRS accounting framework
  • Implications for business steering and risk management
5:15pm - 5:45pm 30 mins
Quantitative risk management
Internal model review: how far have we come?
  • Dominic Rau - Head Of Risk Aggregation & Analytics , Swiss Re
more

Improving efficiency and review of infrastructure

5:15pm - 5:45pm 30 mins
Risk management and regulation
How should risk management change to prepare for IFRS 9/17, block chain technology and the growing risk averseness of insurers?
  • Bart Rikkert - Lead Model Validator, Aegon NV
more

Many companies within the insurance industry have experienced the crisis with lower returns and higher regulatory scrutiny, resulting in old guarantees proving quite expensive, difficult to model and difficult to explain to their stakeholders. 

In combination with increasing regulations and requirements to report more market based and more transparently, the multitude of guarantees and other embedded options within the existing products is becoming less convenient and desirable.

Companies are becoming more and more risk aware/averse and are developing more plain vanilla products, shifting the risks to a large extend to the clients with new products that are becoming more fee based. The old – existing – products will run their course for the next decades, slowly diminishing.

 So, while preparing for IFRS 9 and IFRS 17, we see a division within companies, where old products still contain complicate structures and guarantees while for new products companies take on become more asset managers. 

 What does this mean:

The ‘old’ part of the companies still have a wide range of risks involved, but the ‘new’ parts move towards mainly having operational risk and expense risk. 

 For the old insurance products a focus on stabilizing guarantees and creating an as stable as possible cash flow is required. The key focus will be on getting these parts IFRS proof, keeping risks and cost contained. 

 

5:45pm - 5:50pm 5 mins
Quantitative risk management
Chairman’s closing remarks
5:45pm - 5:50pm 5 mins
Risk management and regulation
Chairman’s closing remarks
5:50pm - 6:50pm 60 mins
Drinks reception PLUS practitioner champagne roundtables
  • Roundtable 1 Leader Effi Mor - CEO, RemitRix
  • Roundtable 1 Leader David Engelmayer - Chief Actuary Officer, RemitRix
  • Roundtable 1 Leader Netta Shachar - Machine learning Researcher, RemitRix
  • Roundtable 2 Leader Barbara Schönhofer - Founder, The Insurance Supper Club
  • Roundtable 2 Leader Katja Rieger - Managing Director, Ripple Effect GmbH
more

Roundtable 1: Machine learning solutions for Solvency II: Actuaries were the first data scientists. Insurance companies were the first data companies. As every industry becomes a data industry and hires data scientists, insurance and actuaries should be leading the way! 

Led by:

  • Effi Mor, CEO, RemitRix
  • David Engelmayer, Chief Actuary Officer, RemitRix
  • Netta Shachar, Machine learning Researcher, RemitRix

Roundtable 2: Diversity and inclusion 

Led by:  

  • Katja Rieger, Managing Director, Ripple Effect
  • Barbara Schönhofer, Founder, The Insurance Supper Club