| AGENDA |
| Monday, 6 June, 2016 | ||||
 14.30 - 17.30 | Conference parallel sessions Participants will be able to choose from a range of technical and specialist presentations delivered by ICMIF members, Supporting Members and external experts. | |||
| | Parallel session A : Gallery 4-5 (first floor) (English/Spanish) | Parallel session B : Northview Suite 1-2 (12th floor) (English only) | ||
| 14.30 - 15.30 | Examples of pooling and reinsurance facilities Robert Wildbore, Regional Director, Willis Re (UK) Amilcar Córdoba, General Manager, Seguros FEDPA (Panama) Features a brief overview of the African Risk Capacity (ARC) and Latin American Reinsurance Group (LARG). | A.M. Best – Mock Rating Committee & Vote - Determining a rating outcome A team of seasoned A.M. Best rating analysts will conduct a live “mock-rating committee” in a demonstration of the decision elements at this stage in the rating process. This session is designed to improve transparency over how the rating committee process arrives at the final rating outcome for a company. Attendees will come away with a clearer understanding of credit risk considerations and better understanding of the robust debate and key methodology considerations highlighted in the sample company under analysis. | ||
| 15.30 - 16.30 | Alternative reinsurance solutions and strategies Jesus Oscar Prieto, General Manager, Reaseguradores Argentinos S.A. (Argentina) Tor Mellbye, Reinsurance Manager, Länsförsäkringar Sak (Sweden) Simon Wigzell, Underwriting Manager, UnipolRe (Ireland) Features the example of how ICMIF members in Argentina have created their own mutual reinsurer and also reinsurance diversification by LF in Sweden and Unipol into Ireland. | Mutual insurance in the 21st century Darren Pain, Senior Economist, Swiss Re (Switzerland) Tim Lamm, Senior Manager, Swiss Re (UK) Based on the forthcoming publication of a new sigma report on the mutual insurance sector from Swiss Re's Economic Research & Consulting unit, this session will provide a review of recent market developments and a discussion of topical opportunities and challenges associated with capital optimisation, changes in corporate governance regimes and the digitalisation of insurance. | ||
| 16.30 - 17.30 | The benefits of reinsurance collaboration Kimmo Heikkinen, Assistant Director, LocalTapiola (Finland) David Grant, Manager, International Underwriting, Mutual Reinsurance Bureau (USA) Features the examples of mutuals working together in Europe and North America through the exchanging of reinsurance business and sharing of technical knowledge. | History of Lloyd's and the London (re)insurance market Robin Swindell, Executive Vice President, Willis Re (UK) A brief overview of the history and structure of Lloyd's of London and the London (re)insurance market. | ||
| Tuesday, 7 June 2016 | ||||
| 09.00 - 11.00 | Session one: Current state of the market The opening session will include a keynote presentation on innovation and the London Reinsurance Market from the CEO of Lloyd's, Inga Beale. This will be followed by a high level panel discussion about current reinsurance market issues, including the cedeant, reinsurer, broker and rating agency perspectives. | |||
| | Welcome message Shaun Tarbuck, Chief Executive, ICMIF | |||
| | Keynote presentation Inga Beale, CEO, Lloyd's of London (UK) | |||
| | Panellists Mogens Skov, Chair, ICMIF Reinsurance Committee Steve Johnston, Director, Corporate Reinsurance, The Co-operators (Canada) Charlie Goldie, CEO, Partner Re Global, PartnerRe (Switzerland) Catherine Thomas, Senior Director, Analytics, A.M. Best (UK) Andrew Newman, Co-President and Global Head of Casualty, Willis Re (UK) | |||
| 11:00 - 11:30 | COFFEE BREAK | |||
| 11.30 - 12.30 | Session two: Emerging risks This session will look at the various types of cyber risk, how they impact our insurance policies and ultimately how we can mitigate them using reinsurance. | |||
| | Chaired by Christoph Lamby, CEO, R+V Re (Germany) | |||
| | Cyber risk: How is (re)insurance dealing with this growing threat? Neil Arklie, Senior Product Manager Cyber & Technology, Swiss Re (UK) This presentation will look at the kinds of threats we are increasingly exposed to as a result of cyber risks. It will look at which insurance policies are currently covering these exposures, and what kinds of specific reinsurances may be available to help deal with this growing threat. | |||
| 12:30 - 13:30 | LUNCH | |||
| 13.30 - 14.30 | Session three: Emerging risks (continued) This session will start by exploring some of the emerging risk challenges affecting the industry, before discussing the reinsurance implications of such risks with some practical tools for dealing with them. | |||
| | Chaired by Christoph Lamby, CEO, R+V Re (Germany) | |||
| | Drones, autonomous vehicles and agricultural trends Lorie Graham, Senior Manager, Enterprise Risk Management and Insurance Services, American Agricultural Insurance Company (USA) Drones, autonomous vehicles and agricultural technological advances are just a few of the rapidly changing trends that impact the needs of our customers. Do we see these trends as threats or can we find opportunities? Develop a deeper understanding of these exposures and improve insight to manage these unique risks and respond with meaningful solutions. | |||
| | Emerging risks: The reinsurance context John Haydon, Executive Director, Willis Re (UK) This presentation will put the emerging risk issues into a reinsurance context, looking at the likely impact on the business of co-operatives and mutual insurers and how they might start to address such risks. | |||
| 14.30 - 15:00 | COFFEE BREAK | |||
| 15.00 - 18.30 | Mini Monte Carlo One-to-one meetings between delegates in half hour slots in the style of the Monte Carlo Rendez-vous. A great opportunity to build new business relationships and strengthen existing ones. | |||
| Wednesday, 8 June 2016 | |||||||
| 09.00 - 10.30 | Session four: Building resilience: Global catastrophe risk This session will look at what the (re)insurance industry is doing to address climate change and extreme weather events, including for those countries where there is a large protection gap. | ||||||
| | Chaired by Shaun Tarbuck, Chief Executive, ICMIF | ||||||
| | Align. Connect. Unlock: What constitutes success in our systemically uninsurable future? Scott Williams, Adviser and Global Lead Director, ARISE, PwC (Switzerland) The universal agreements of 2015 on disaster risk management, sustainable development and climate change will be complemented by the New Urban Agenda in 2016. Do these signal a shift in intent to rethink risk, to rethink investment, to rethink development? Is it now time to confront the consequences of our decisions and internalize externalities to change the way that risks are priced, the way that success is measured? In his discussion, Scott Williams will provide both a philosophical perspective on the cognitive barriers to action for individuals as well as a practical, action based plan to leverage existing practices and emerging technologies to chart a safe(r) transitional pathway towards a more sustainable model of civilization. Systems collapse or systems health, it’s our choice. | ||||||
| | The Insurance Development Forum: Building resilience for sustainable growth and human dignity Rowan Douglas CBE, CEO Capital, Science & Policy Practice, and Chairman, Willis Research Network, Willis Towers Watson (UK) Insurance and its related capabilities enable countries to better understand and manage their climate and natural hazard risk, especially in developing regions where the protection gap is often at its widest. The Insurance Development Forum (IDF) is an industry led public/private partnership chaired by Stephen Catlin of XL Catlin with co-chairs Helen Clark, Head of the United Nations Development Programme and Joaquim Levy, CFO of the World Bank. The IDF’s core focus is to accelerate and extend the use of insurance related capabilities to protect vulnerable communities, companies and countries against shocks. ICMIF was instrumental in the creation of the IDF and the mutual and cooperative insurance sector will play an essential and distinctive role in shaping and delivering the IDF’s objectives in line with the UN Agenda 2030. | ||||||
| 10:30 - 11:00 | COFFEE BREAK | ||||||
| 11.00 - 12.30 | Session five: MORO Open Space Forum This session is a unique networking opportunity for participants to engage with colleagues from around the world. This “un-conference” or “anti-conference” session turns the traditional conference session on its head by having delegates in charge of identifying critical topics and facilitating discussions of interest. The result is highly relevant and interactive discussions that generate sharing of knowledge and experiences, and foster collaboration and creative solutions to complex problems. This is an opportunity to delve deeper into MORO topics and focus on common reinsurance challenges facing cooperative and mutual insurers. | ||||||
| 12:30 - 13:30 | LUNCH | ||||||
| 13.30 - 15.00 | Session six: Reinsuring intelligently: Innovation and growth opportunities This session will explore innovation and growth opportunities for (re)insurers. | ||||||
| | Chaired by Luc Boghe, General Manager, Secura Branch and Head of Life, QBE Re (Belgium) | ||||||
| | Flood Re: an innovative public/private partnership to deliver affordable flood insurance Aidan Kerr, Director of Operations, Flood Re (UK) Flood Re is one of the most significant innovations ever to be introduced into the home insurance market. It has been designed to make affordable insurance cover widely available to UK householders who live in private residential homes at risk of flooding. During this presentation Aidan Kerr will talk about how Flood Re was set up, how it works and what it will mean for customers. | ||||||
| | From conundrum to clarity: Accessing capital via customized reinsurance solutions Jan Sin Ngor, Senior Underwriter - Customized Solutions, PartnerRe (Switzerland) For mutual and cooperative insurers looking to seize growth opportunities, respond to regulatory pressures or to replenish capital after a financial loss, customized reinsurance solutions offer a flexible and cost-efficient route to capital. This session delves into specific bespoke reinsurance covers that can help mutuals optimize their capital positions. | ||||||
| | How structured reinsurance can address commercial and regulatory pressure for mutuals James Mounty, Executive Director, Willis Re (UK) Most mutual insurers also have a significant amount of their capital allocated to support conservatively reserved historical liabilities, and for many mutuals, the proportion of capital allocated to support prior year loss reserves will exceed the amount required to support current year underwriting, especially for those writing third party liability business. With increasing pressure on capital coming from ever increasing regulatory pressure and low interest rates, it is worth considering how reinsurance techniques can be employed to help mitigate the balance sheet constraints associated with a conservative portfolio of loss reserves. | ||||||
| 15:00 - 15:30 | COFFEE BREAK | ||||||
| 15.30 - 17.00 | Session seven: Reinsuring the future An insightful and provocative look into the future of the (re)insurance industry; offering fresh perspectives that will challenge our beliefs. | ||||||
| | Chaired by Greg Lockard, Director of Reinsurance Operations, Shelter Mutual Insurance Company (USA) | ||||||
| | The future of motor (re)insurance: telematics and other potential game-changers Mike Brockman, Group CEO, Insure The Box (UK) This presentation looks at the current use of telematics in the motor industry and the technological, operational and consumer issues that may arise. It also explores some of the issues surrounding the move to connected cars and the evolution of autonomous algorithms, before discussing other potential game changers such as electric cars, battery development and the potential of hydrogen power. Finally, the presentation will consider the risks, disputes, liability issues and what all of this could mean for the future of motor (re)insurance. | ||||||
| | A look into the future of catastrophe modelling Shane Latchman, Assistant Vice President, AIR Worldwide (UK) In this presentation, Shane will discuss the advances in cat modelling expected in the next few years and further into the future. Shane will give an overview of where models are headed, including incorporating greater correlation of meteorological perils within a region and across different basins as well as the next suite of models such as supply chain and cyber. As regards data, big data datasets and their potential uses in cat modelling will be discussed as well as big data technologies and how these could reduce runtimes allowing for results in closer to real time. | ||||||
| | Conclusions and closing remarks Shaun Tarbuck, Chief Executive, ICMIF Mogens Skov, Chair, ICMIF Reinsurance Committee | ||||||
