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ALM & Asset Management The 2011 3rd Annual Forum on ALM for Life Insurers 13-14 September, 2011 - London, United Kingdom
Bringing together leading life insurers, asset managers, consultants and other life insurance ALM specialists, this essential event combines the expertise of all those involved at the cutting edge of life insurance ALM.

Investment and ALM specialists in the life insurance industry are facing a ‘perfect storm’. Insurers and their advisors have seen challenging market conditions and poor investment returns during a period of unprecedented regulatory upheaval. In response, ‘The Third Annual Forum on ALM for Life Insurers’ will provide practical solutions to the investment challenges facing life insurers and asset managers. Attending this year’s conference will help participants to establish an investment strategy that will keep pace with their competitors whilst also meeting shareholder and policyholder expectations. This unique and timely conference will examine how Solvency II affects Asset and Liability valuations and identify investment strategies to cope with the changes. Expert speakers will also consider how new valuation and accounting (IFRS) requirements will impact on ALM strategies.

This year’s forum will enable participants to:
  • Understand the shape and timing of Solvency II and examine the impact on life insurers' ALM strategies
  • Learn how to implement Dynamic Investment Strategies under Solvency II and where the limitations lie
  • Analyse what level of investment risk is most suitable for their business
  • Find out how to embed ALM into business decision making and pass the Use Test
  • Hear the latest research on investing to meet annuity liabilities
  • Establish an efficient hedging framework and learn how to manage macro risks
  • Find out how new asset classes are being developed to meet new challenges
  • Learn how to construct market consistent valuations where no market exists
  • Explore the latest approaches to modeling for Dynamic Policyholder Behavior
  • Understand how the new IFRSs and disclosure requirements will impact ALM
  • Examine how and where replicating portfolios offer the greatest business benefit
It will also allow delegates to:
  • Get to grips with the likely shape, timing and impact of Solvency II on ALM
  • Deal with a challenging ALM enviroment by learning new techniques for managing macro-risk and more efficient hedging stategies
  • Examine best practice and new techniques in ALM - Replicating portfolios, dynamic policyholder behaviour and more
  • Gain an insight into the effect of the latest IFRS regulations
At the event, Samuel Sender, Applied Research Manager at EDHEC-Risk Institute, will be delivering a presentation entitled, "The Implementation and Recognition of Dynamic Investment Strategies Under Solvency II", during which he will discuss the following topics:
  • A standard formula that does not recognise dynamic investment strategies
  • The use of (partial) internal models for market risks
  • The use of documented external proxies or benchmarks for their recognition
Indeed, since 2005, regulators and the insurance industry have focused tremendously on Pillar I, the quantitative requirements of Solvency II. This focus on the exactness of a "photography" of the balance sheet means that far less time, preparation and energy has been devoted by insurance companies to the core of Solvency II, Pillar II or risk management. Risk management implies both ‘know your risk’ and ‘manage them’. Although there is an implicit reference to portfolio insurance in the Solvency II framework, portfolio insurance is technically only one of the available options, and its benefits are not explicitly recognised in the standard formula in the first Pillar. Insurance companies must now address two important questions: first, how they can implement adequate strategies, and second, how they can have their benefits recognized in their capital requirements.
Event Details
  When   Between 13/09/2011 08:30 AM and 14/09/2011 05:00 PM
Where   London, United Kingdom (venue to be confirmed)
Contact Details
  Name   Nicola Rogers
E-mail   custserv@infoline.org.uk
Phone   +44 (0) 20 7017 7702