Discussion Forum: ERM and Solvency 2
On 29 July 2009, avantage Capita will host a business breakfast discussing the ways in which the need to demonstrate appropriate risk management capability and governance can be addressed through an enterprise risk management initiative and Solvency 2 programme.
| What |
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|---|---|
| When |
Jul 29, 2009 from 08:00 AM to 09:30 AM |
| Where | Institute of Directors, 35 New Broad Street, EC2M 1NH, London |
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The challenge
To meet Stakeholder requirements and expectations, insurance industry participants are being asked to respond to a number of regulatory and business change initiatives.
There is an overlap between enterprise risk management (ERM) and Solvency 2 programmes. This presents a challenge Senior Management to determine ways to exploit the opportunity that Solvency 2 provides: to further develop risk measurement; enhance management capability; achieve regulatory compliance; and to continue to develop select components of risk infrastructure and capability.
Added to this is the fact that as the demand for change gathers pace, there are (generally speaking) fewer resources available as costs must be reduced to protect earnings and capital.
The Objective
The avantage Capita business breakfast and discussion forum will look at ways in which the need to demonstrate appropriate risk management capability and governance can be addressed through an ERM initiative and Solvency 2 programme.
The discussion
Presentations will be made by:
Mr Chris Hibbert, Risk Operations and Development Director, AVIVA Plc; and
Mr Jason Sullivan Internal Audit Manager, AXA Sunlife.
They will outline different approaches taken to the issues and challenges that their organisations face in implementing ERM and Solvency 2 programmes.
This will be followed by a short presentation made by Barry Smith, Managing Consultant, avantage Capita who will identify some of the key lessons that can be drawn from the banking industry in implementing Basel 2 - how this experience may be applied to deliver an enterprise wide view of risk solutions that meet tight deadlines and high Stakeholder expectations (including regulators and rating agencies).
The floor will then be opened to the wider group providing an opportunity for participants to respond and contribute their own experience and viewpoints.
The forum will be limited to 25 participants with a view to stimulating open discussion and debate.
The benefits
The Business Breakfast is an opportunity to network and "benchmark" your own practice against industry peers.
Register
You can register online here.
For further information please contact Event Admin.
