IRM's Solvency II special interest group has grown since October 2009 into the key forum for risk professionals across life and general insurance to meet and discuss the challenges of implementing ERM within the new regulatory regime. The group has now over 400 members and meets monthly.
Future Meetings
Date |
8 February 2012 |
| Time |
15.00 - 17.00 |
| Location |
IRM Office, 6th floor, 6 Lloyd's Ave, London, EC3N 3AX |
| Topic |
Risk Committees - effectiveness and operation |
| Speakers |
Colin Czapiewski
Non-Executive Director, Beaufort Underwriting and Chair of Audit and Risk Management Committee
Alex Hindson
Head of Group Risk, Amlin plc and SIG Secretary
Filipe Araujo
Risk Manager, Old Mutual plc
|
Date |
7 March 2012 |
| Time |
9.30am - 12.00 noon |
| Location |
IRM Office, 6th floor, 6 Lloyd's Ave, London, EC3N 3AX |
| Topic |
Developing the risk function under Solvency II to be Board-relevant |
| Speakers |
Pierre-Andre Camps
Chief Risk Officer, Tokio Marine Europe
Kendra Felisky
Chief Risk Officer, Europe, Travelers
Jose Morago
European Enterprise Risk Director, Aviva plc
|
Date |
17 April 2012 |
| Time |
9.30am - 12.00 noon |
| Location |
IRM Office, 6th floor, 6 Lloyd's Ave, London, EC3N 3AX |
| Topic |
The ORSA Process - challenges and opportunities |
| Speakers |
Keith Jackson - Group Chief Risk Officer, BUPA
Matt Taylor - Group Head of Risk, BUPA
Peter Taylor - Director, Conducter consulting
|
Date |
16 May 2012 |
| Time |
9.30am - 12.00 noon |
| Location |
IRM Office, 6th floor, 6 Lloyd's Ave, London, EC3N 3AX |
| Topic |
The role of risk management training in sustaining a risk culture |
| Speakers |
Rob Doughty, Director, MDA Training
Joachim Adenusi, Director, Inspirational Risk
Georgia Tsiakki, Group Risk Adviser, Amlin plc
|
Group contact details
Chairman: Philip Whittingham on philip.whittingham@xlgroup.com
Secretary: Alex Hindson on Alex.Hindson@amlin.co.uk.
Group aims and objectives
To inform the risk management community, with particular reference to members in the insurance industry, of developments in Solvency II which have an impact on the risk management community in terms of the potential impact on risk management frameworks and also on the function, role and responsibilities of the risk management function.
It shall do this through:
1. Building best practice - to develop and/or share best/good practices on design, implementation and embedding of risk management framework / process/ techniques associated with Solvency II.
2. Encouraging networking - to ensure risk management professionals in insurance industry have a strong network of peers to interact and engage with
3. Seeking dialogue - building bridges with other professions/ professional bodies with an interest in Solvency II (eg actuaries, audit, accountancy) to ensure that risk management perspectives are broadly integrated into wider perspectives on Pillar II of Solvency II
In addition the SIG shall provide a voice for the risk management community to respond to the Solvency II process through responding to the consultations issued by CEIOPs (or others such as the ABI) on behalf of the IRM to ensure that the views of risk management professionals are taken into account in the consultation process.
Activities
Meetings three times per year - at each meeting there will be:
- a presentation on a topic of relevance
- discussion of current outstanding consultation papers and the IRM's response to these
- Articles for the Institute's magazine
Presentations at the Risk Forum
Drafting and circulating responses to the consultation papers
Group documents
FSA Consultation
The IRM Solvency II SIG response to the FSA Consultation Paper on the Role of the Risk Function under
Solvency II, April 2011, can be downloaded here. (PDF 112 Kb)
Recent Meetings
Date |
15 December 2011 |
| Time |
9.30am - 12.00 noon |
| Location |
IRM Office, 6th floor, 6 Lloyd's Ave, London, EC3N 3AX |
| Topic |
Making emerging risk processes relevant
Survey findings |
| Speakers |
Tim Edwards, Director, PwC
Neil Smith. Manager, Emerging Risks & Research Exposure Management, Performance Management, Lloyd's
Miroslav Petkov, Director, Standard + Poors
|
Date |
5 May 2011 |
| Time |
9.30am - 12.00 noon |
| Location |
IRM Office, 6th floor, 6 Lloyd's Ave, London, EC3N 3AX |
| Topic |
Operational risk modelling - making it meaningful |
| Speaker presentations |
Paul Ashton - Director, ORIC (PDF 422 Kb)
Jean-Marc Queau, Partner, Elseware (PDF 1,641Kb)
Ben Clothier, Director, D-Risk (PDF 490 Kb)
|
Downloads
|
Survey - Using Operational Risk Models
Survey results summary |
Date |
23 March 2011 |
| Time |
14.30 to 16.30 |
| Location |
IRM Professional Development Forum
Liverpool |
| Speaker presentations |
Gemma Clatworthy - Nationwide (PDF 249 Kb)
Martin Davies - Nationwide
Marian Williams - PwC
|
Date |
2 March 2011 |
| Time |
17.30 - 19.45 |
| Location |
The event will be hosted in a London venue close to the city centre which will be confirmed at a later stage. |
| Topic |
I would like to invite you to join us in a workshop on the 2nd of March 2011 on Solvency II - Data and Systems which will be jointly organised by the IRM, the solvency II experts group and IBM. I would greatly appreciate your support in extending this invitation to others within your organisation - perhaps you could forward this invitation to your CIO and COO as this event will be of value to them in providing a view of what others are doing or have achieved in this critical area.
During this workshop, John Smith, Business Solution Partner (Insurance) and Steve Mills, Senior managing consultant of IBM and Paul Johnson, Director of IT programmes - Solvency II at Aviva will share their views on what a good Data and Systems framework looks like under Solvency II, the challenges of delivering against an evolving directive and the potential technology dividend available to firms.
|
| Date |
21 May 2010 |
| Time |
9:30 am to 12:00 noon |
| Location |
IRM Office, 6th floor, 6 Lloyd's Ave, London, EC3N 3AX |
| Topic |
Solvency II - talent identification, development and retention - a view from Search professional
|
Speaker
presentations |
Emma Mcconachie, Talent 2
Carolyn Williams, Head of Thought Leadership, Institute of Risk Management
Loraine Silvester, Kinsey Allen International, Risk & Compliance (formerly GRS Risk)
Simon Crabb, Director, Lutine Bell Ltd www.lutinebell.com |
| Downloads |
Survey Results (Talent in a Solvency II World)
Minutes
|
Date |
21 April 2010 |
| Time |
11 am to 12:00 noon |
| Location |
IRM Global Risk Management Professional Development Forum, Keele University |
| Topic |
Can actuaries and risk professionals learn to love each other?
- What is the role of the risk function in overseeing the Internal Model>
- Should actuaries be risk prpfessionals?
- Should risk professionals be actuaries?
- Is there a new hybrid quant-literate risk professional developing? |
Speakers
|
Martin Massey, Chartis
David Wong, PwC
Keith Bevan, KPMG |
| Downloads |
Can Actuaries and Risk Professionals learn to love each other?
(PowerPoint Presentation)
Solvency II SIG - Workshop 6 Minutes
(PDF) |
| Date |
16 February 2010 |
| Topic |
What does an ORSA look like?
How would an ORSA process operate?
How to gauge the level of detail to include in an ORSA report?
Setting the boundaries between Internal Model and ORSA? |
| Speakers |
Jim Bichard, Partner, PwC
Roger Dix, CRO, Liverpool Victoria (LV)
Rick Lester, Partner, Deloittes
Michael Crawford, Associate Partner, Financial Risk Management, KPMG |
| Downloads |
Survey findings
Minutes |
| Date |
9 December 2009 |
| Topic |
Role of Risk Function, CRO skill set and project resourcing
What is the role of a risk function in a Solvency II world?
What are the skills sets, behaviours and competencies required of a CRO?
How are organisations resourcing the Solvency II programme? |
| Speakers |
Gina Butterworth - Director & Risk Officer, Chaucer plc
James Illingworth, Chief Risk Officer, Amlin plc
Stephen Kelly - Risk & Capital Mgt Practice Leader, Grant Thornton |
| Downloads |
Findings of Survey 2 - Role of risk function, skill set of CRO and resourcing of programme
Survey data
Minutes |
|
