Invitation to a Hungarian Actuarial Society Seminar


8:15 – 8:30 Registration

8:30 – 12:00 Kathryn Morgan: ICA in the UK and Solvency2, non-life

• Implementing ICA for a non life company writing personal lines

• Problems of implementation

• Added value

• Building on that system to anticipate Solvency2

• Foreseeable problems

• Advantages

12:00 – 13:00 Lunch

13:00 – 16:30 David Hare: ICA in the UK and Solvency2, life

• The „old“ UK solvency regime and why it had to be replaced

• The Pillar 1 approach introduced with effect from 31/12/2004 (known as „realistic reporting“ or „twin peaks“) and some of the challenges and benefits to firms which it brought

• The Pillar 2 calculation approach introduced at the same time (Individual Capital Assessment) and what the FSA mean by „embedding the ICA in the business“

• The FSA’s approach to supervision of life firms (ARROW visits) and what it is like for a UK life firm to be supervised in this way

• Case study of Standard Life’s internal model and the steps we have taken to embed the ICA in the business

• Implications for Solvency II and what the key issues going forward will be

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Publikováno: 27. 11. 2006
Autor: query
Kategorie:  Sdělení
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