Start time: 5.30 pm
End time: 7.00 pm
Reinsuring a block of individual annuities in payment raises a wide range of issues for the insurance undertaking ceding the block of business (the “Cedant”), including satisfying the Solvency II risk transfer articles, governance issues, choosing the fixed income assets with which to pay the reinsurance premium, legal risk, credit risk management, including mitigation, collateral investment restrictions, and automated monitoring of the adequacy of collateral.
On Tuesday 7 December 2021, Brian Cunningham and John Caslin will present a paper entitled ‘Annuity Reinsurance’ which will cover the above issues from the perspective of the Cedant.
Brian Cunningham: Brian is a member of the Society’s Data Analytics Committee. He holds a First Class Honors degree in Computer Science from Trinity College Dublin. He is an exam-qualified Associate and is currently studying for an MSc. in Data Analytics. He has over 30 years’ experience in building systems, including valuation models, quotation / projection engines and policy rebuild programs. Companies he has worked for include Bank of Ireland Lifetime / New Ireland, AdviserPlus, Irish Life / IPSI and is currently the Investment Systems Actuary in Aviva in Dublin.
John Caslin: John is the chairman of the Society’s Banking and Aviation Finance Committee. His name has been entered in the Prizes’ Book of the Institute and Faculty of Actuaries for two papers one entitled Hedge Funds and another which he co-authored entitled Derivatives: Principles and Practices. He has served as a director of iShares plc, a director of Alder Capital, and as a member of the investment committee of the board of Eagle Star (now Zurich). He is currently the Head of Investment Innovation at Aviva in Dublin.