Virtual meeting: Non-Life HoAF Forum
This webinar will be held over zoom. Click here to read the User Guide for Zoom webinars/meetings.
- Recent developments in the Irish catastrophe bond market highlight the growing relevance of insurance-linked securities (ILS) as a form of alternative risk transfer. These instruments are playing an increasing role in the global reinsurance landscape, including for Irish-domiciled entities.
- A clear understanding of ILS valuation methods is important where such instruments are used to support/ supplement traditional reinsurance arrangements. Andy Smyth of Sephira Risk Solutions will deliver a session on some recent developments in the catastrophe bond market, as well as examine key principles, challenges and assumptions underlying ILS valuations.
- Keith Morrison and Andy Staudt of WTW will also give a presentation on international business and some insights from the Lloyd’s market on the Underwriting Cycle and Casualty, Property, Specialty and FinPro business.
In order to attend this event, you must be a SAI member and
- be appointed to the HoAF role in a Non-Life company, or
- be awaiting formal approval to take on the HoAF role in a Non-Life company or
- act as a Reviewing Actuary to a Non-Life company.
If the HoAF is unable to attend, but wishes to send a colleague (who must be an SAI member) in their place, they should contact events@actuaries.ie providing detail of the proposed alternate, and the Society will consider this request. If a member who does not meet the criteria set out above wishes to attend the Forum, they should contact events@actuaries.ie setting out the reasons why they should be allowed to attend, and their request will be considered by the Chair of the Life Committee (Noel Garvey). Permission to attend will only be granted in exceptional circumstances.
Andy Smyth is the Founder & MD of Sephira Risk Solutions, an independent Risk & Actuarial consulting firm, focused on serving clients in the global insurance & reinsurance markets. He has spent all of his career in consulting roles, across the Irish, Bermuda and London markets. While in Bermuda Andy had a particular focus on the ILS sector, providing actuarial input in order to model risk, price instruments and structure deals reflective of underlying exposures. Andy is currently the outsourced HoAF for an Irish multinational insurer, and has previously held the role of Reviewing Actuary as well as Loss Reserve Specialist under the Bermuda EBS regime.
Keith Morrisson is a Director in the Insurance Consulting & Technology business of WTW and leads the non-life reserving and capital teams in Ireland. He is the Head of Actuarial Function for a number of insurers, has undertaken a number of Reviewing Actuary roles and has as acted as an Independent Actuary for the purposes of the transfer of insurance liabilities. Keith’s experience extends from the domestic insurance market in Ireland to international lines of business including U.S. and international casualty, international financial lines, London market liabilities, asbestos and medical malpractice liabilities.
Andy Staudt is a managing director in the Insurance Consulting & Technology business of WTW. His focus is on reserving and fair valuation for multinational insurance and reinsurance companies. He is a Fellow of both the Casualty Actuarial Society and the IFoA by mutual recognition.