Life & Pensions Nordics 2012

08:00 Registration and refreshments

08:40 Chairman's opening remarks

08:50 KEYNOTE: Market turmoil and regulatory upheaval: the investment implications of the sovereign debt crisis

  • The euro zone landscape
  • Strategies for managing products with guarantees
  • Impact of Solvency II on working with traditional life products
  • How Länsförsäkringar Liv is meeting the challenge

Jakob Carlsson, Chief Financial Officer, LÄNSFÖRSÄKRINGAR LIV

 

09:30 Effective operational risk management: crossing the bridge to a securer platform

  • Operational risk modelling challenges
  • Current market practices and demands
  • Approaches to scenario analysis
  • A detailed view of risk appetite

Speaker to be confirmed

 

10:10 REGULATORY PANEL DISCUSSION: The strategic implications and opportunities arising from Solvency II

  • Impact of Solvency II on risk management and supervision
  • Implications for insurance products and markets
  • How can companies compete best in a Solvency II world?
  • Should Solvency II learn from Basel III or vice versa?

Bertil Sjöö, Head of Unit Insurance and Funds, FINANSINSPEKTIONEN

Jan Parner, Deputy Director General, FINANSTILSYNET

Jukka Vesala, Deputy Director General, FINANSSIVALVONTA

Piia-Noora Kauppi, Managing Director, FEDERATION OF FINNISH FINANCIAL SERVICES

  

 

10:50 Morning break and opportunity to network

11:20 SPECIAL ADDRESS: Reflecting on the corporate governance of financial firms

  • Observations of business models and governance in the failing banks
  • Winding up and pulling through the crisis
  • Effective corporate governance to avoid going under

Henrik Bjerre-Nielsen, Chief Executive Officer,  FINANSIEL STABILITET A/S

 

11:50 Internal modelling: Using proxies to make life easier

  • Evolution vs. revolution
  • Determining the market consistent value of liabilities
  • Different approaches to calibrating an economic scenario generator
  • Replicating portfolios, curve fitting and cluster modelling

Speaker to be confirmed, please see www.lifeandpensionsnordic.com for further details

12:30 Lunch and opportunity to network

 

 

13:30 PANEL DISCUSSION: Understanding, implementing and developing the ORSA

  • An integrated policy framework
  • Does the ORSA really add value to your business or is it simply another compliance issue?
  • Making sure the industry moves in time with regulations
Yvonne Schmerfeld, Senior Expert Solvency II, EIOPA

Ann-Charlotte Stjerna, Chief Risk Officer, SKANDIA

Mads Smith Hansen, Chief Financial Officer, SAMPENSION

 

 

15:20 Afternoon break and opportunity to network

 

15:50 Managing the risk of embedded guarantees

  • What is the future of guaranteed products?
  • Do we fully understand where we have exposure?
  • Assessing the risks in unit-linked guarantee products

Kim Johansen, Member of Executive Management Board, SEB PENSION

 

16:20 PANEL DISCUSSION Effective investment strategies and capital efficient asset management

  • How can we hedge risks and how should we be positioned?
  • Liability driven investment for defined benefits pension schemes
  • Is high volatility here to stay and how do we manage it?
  • Alternative investments

Tørres Trovik, Chief Investment Officer, STOREBRAND LIFE INSURANCE

Jakob Carlsson, Chief Financial Officer, LÄNSFÖRSÄKRINGAR LIV

Peter Lindegaard, Chief Investment Officer, DANICA PENSION

     

17:00 PANEL DICSUSSION: Risk management in practice - managing volatility and risk appetite

  • Real volatility vs. accounting or regulatory volatility
  • How to split liabilities and calculate the value of options
  • Risk exposure and capital requirements
  • Risk management systems: how are they interpreted in the Directive?
  • Implementing an effective risk management strategy

Stefan Friberg, Head of Market Risk Control, SEB PENSION

Bernt Sagård, Chief Risk Officer, STOREBRAND

Christian Eiholm Kjær, Chief Operating Officer, ATP

Annette Olesen, Group Chief Risk Officer, NORDEA LIFE AND PENSIONS

 

 

17:30 Chairman's closing remarks and drinks reception

  

 

 

 

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