Agenda

Agenda

Agenda

14:00 – 14:40

Future model for insurance: A convergence of financial and non-financial risk?

14:00 - 14:40

  • Driving forces behind the convergence
  • What initial benefits have we seen from integration and convergence?
  • Coping with growing demand for specific and consistent data from both external and internal stakeholders
  • Shifting from siloed to common data and infrastructure
  • Case study: Eliminate and automate processes to enhance efficiency, lower costs and improve compliance

14:40 – 15:10

Successful IFRS17 implementation - The roadmap ahead

14:40 - 15:10

  • Lessons learned from use cases in the integration of risk and finance analytical frameworks
  • Establishing a dedicated flow for insurance contract accounting
  • Adjusting pricing and valuation practices
  • How to prepare for reporting across locations, lines of business and currencies

15:10 – 15:50

ALM and balance sheet management to embrace new normal

15:10 - 15:50

  • Developing new business strategy and the balance sheet considerations
  • Assessing asset liability profile to balance yield with capital requirements.
  • How to ensure sufficient high-quality assets and proper valuation of liabilities
  • A focus on cost structures and return on assets, especially in non-core businesses and product portfolios

15:50 – 16:40

Insurance data management for effective pricing, analytics and reporting

15:50 - 16:40

  • Overcoming a lack of credible and sufficient data to price for new coverage, innovative products
  • How to access more cost-efficient data storage
  • Allows more accurate pricing reflecting the risk of the insured or the items covered
  • Considering pricing/valuation in the context of distribution channel, clients monitoring, and customer risk profile analysis
  • Acquisition of the right skillset and talent

16:40 – 16:40

End of Actuarial and Insurance Risk Forum

16:40 - 16:50