Start time: 9.15 am (tea/coffee. Presentations begin at 9.45 am)
End time: 12.15 pm
We are pleased to share details the GI Forum 2022. The event will take place in the Alex Hotel, on Friday, 25th November. Tea/coffee will be served from 9.15 am and presentations will begin at 9.45 am.
We will have presentations from:
Graham Crowley and Kelly Bruett who will discuss Reserving in periods of heightened uncertainty: reflections on good practice. This presentation will give an overview of areas of good practice that we have seen in the reserving process where there is heightened uncertainty in the external environment.
Paul Goodenough and Arti Verma will discuss Economic Inflation and Impact on Reserving. The session will cover Economic and Social inflation impact on reserving and discuss possible methods to estimate claims inflation. While the main focus of the presentation is on commercial lines reserving, it will briefly touch upon personal lines and other practice areas like Pricing and Investment.
Jim Power will give a Macroeconomic update. He will be examining the outlook for the global economy, interest rates and the Irish economy.
Please note that there is a charge of €60 for attendance at this event, in line with the Society’s policy of charging for in-person practice forums. This is due to the costs associated with hiring venues and AV, which has increased significantly in recent years.
9.45 am: Introduction from Chair, Paul Connor
10.00 am: Graham Crowley and Kelly Bruett will Reserving in periods of heightened uncertainty: reflections on good practice
10.40 am: Paul Goodenough and Arti Verma will discuss Economic Inflation and Impact on Reserving.
11.30 am: Jim Power will give a Macroeconomic update
12.15 pm: Closing remarks
Chairing the event will be Paul Connor, Chair of the SAI GI Committee
- Graham is a Director on the non-life side in Deloitte Ireland
- Graham is a Fellow of the Society of Actuaries in Ireland and is also a Chartered Enterprise Risk Actuary
- Prior to joining Deloitte earlier this year Graham spent 10 years with Allianz in roles including the Head of Capital, the Head of Reserving and also the Head of Claims Analytics which was a function which he established in 2017 and headed up prior to joining Deloitte.
- Prior to joining Allianz Graham spent 7 years in reserving and capital roles with a reinsurer that wrote US P&C business
- Kelly is a Manager on the non-life side in Deloitte Ireland
- Kelly is a Fellow of the Casualty Actuarial Society and of the Society of Actuaries in Ireland and a member of the American Academy of Actuaries
- Kelly has significant experience in reserving, pricing, capital management and predictive modelling in Ireland as well as the US.
- Kelly has been working in the Irish market since early 2020 and has been involved in a number of audits and Domestic Actuarial Reviews
Paul Goodenough is the Head of Major Event Reserving Actuary at AXA XL and over the last year has been heavily involved in the reserving response to the current inflation environment and presented at GIRO in 2019 on inflation. Prior to joining AXA XL in 2010 Paul was a manager at Deloitte.
Arti Verma is the lead reserving actuary at AXA XL and has been heavily involved in the reserving response to both economic and social inflation as part of AXA XL's trend working group and Lloyd's Social Inflation working group. Prior to joining AXA XL in 2019, Arti has worked with Generali and Willis Towers Watson.
Jim Power has worked as an economist in the private sector for over 35 years. He is owner manager of Jim Power Economics, an economic and financial consultancy, which he set up in 2009. He was previously Treasury Economist at AIB (1987-1991), Chief Economist at Bank of Ireland Group (1992-2000) and Chief Economist Friends First Group (2000 to 2018). He is a board director of Love Irish Food. He is a member of the Institute of Directors in Ireland. He has just completed the IOD’s Chartered Director Programme. In February 2021, Jim and Chris Johns launched their own Podcast ‘The Other Hand’, which is available on Apple Podcasts, Spotify and other podcasts hosts. https://cjpeconomics.substack.com/. He is a graduate of UCD and holds a BA and a Master of Economic Science Degree. He lectures on the Full-Time MBA at Smurfit School of Business, UCD. In 2009 he published his first book ‘Picking up the Pieces’, and co-authored ‘Marketing Multiplied’ in 2015. In November 2021 he published a book on the SME sector in Ireland with Kinsale accountant Cormac Fitzgerald, ‘Smart Tips for SMEs’. He lives in Dublin and is a native of Waterford. He speaks frequently at conference on a range of topics including global and domestic macro-economic developments; interest rates; financial markets; the motor industry; agri-food; the economics of climate change and the housing market.