Program Snapshot


  WEDNESDAY 13 SEPTEMBER 2017

9.30am Registration Opens
10.10am
Welcome

Jenny Lyon
President, Actuaries Institute
 10.20am

Keynote Address

Audio
Video
Presentation

Ian Laughlin - Chairman of ANZ's OnePath life and general insurance companies and ANZ lenders mortgage insurance company and Chairman of the Advisory board of risk management and board performance advisory firm Blackhall and Pearl.

(Fake)n News, Social Risk, and more

The nature and sources of risk in financial services continue to change in a world that is evolving very quickly. Is this one reason why we are seeing such criticism of financial services businesses? Do established risk management models cope well with the current world?  What might be done to adapt?  What might be done to give boards and management earlier and deeper insights into risks in their business?

Contribution to Business Strategy Leadership Actuarial Approach to Problem Solving Risk Management Professional Governance
11.00am

Plenary 1 – Conduct Risk

Darren Williams, Head of Risk, Wealth Advice and Distribution, ANZ

Presentation

Edward Emanuel, Partner, Oliver Wyman 
Presentation

Audio

Video

Conduct has been a global issue for several years now, with a significant impact on the affect firms. Conduct risk interacts with risk culture, remuneration structures, risk management more generally and community expectations. In this session two speakers will provide their perspectives on this risk and the industry response.

                  
Contribution to Business Strategy Leadership Risk Management Product Development, Management and Pricing

 
12.00pm

Plenary 2 – Regulatory Update on Risk Culture

Fahmi Hosain, Head of Governance, Culture & Remuneration, APRA
Presentation
Greg Yanco, Senior Executive Leader - Market Supervision, ASIC
Presentation

Audio 
Video 

In recent years both APRA and ASIC have increased their focus on risk culture.

APRA’s Information Paper in October 2016 describes its intention to strengthen its capacity to assess various institutions’ risk culture, and where necessary to provide supervision for those institutions that need assistance.

ASIC likewise is also very interested in governance, conduct and culture and is particularly focused on organisations that are undergoing change either through technology or from new regulations.

This regulatory update from representatives of APRA and ASIC is therefore very timely and relevant for all organisations in enhancing their ERM response plans. The session will include an update on APRA’s pilot reviews on risk culture.      

Contribution to Business Strategy Professional Governance


1.50pm

Plenary 3 – Responding to Paradigm Changes

Warren Dresner, Director – Head of Broking, Willis Re
Presentation
Stephen Britt, Senior Manager Economic Capital, IAG
Presentation

Audio
Video

While the traditional ways of modelling and capital management have been effective in the past, will they continue to be in the future? There are a number of risks which challenge old paradigms in the current environment and for the more disruptive risks, the financial and non-financial consequences can be costly if they are not managed appropriately. The focus of this session will be twofold, firstly, there are the practical considerations when capturing the changing external environment in models. Secondly, we will consider current low interest rate, the resulting changes in sources of capital and capital management.

       
Contribution to Business Strategy Actuarial Approach to Problem Solving Risk Management
2.45pm
Plenary 4 – How Resilient Organisations Respond to Risk

Tony Harb, Director, InConsult
Presentation
Saskia Goedhart, Chief Risk Officer, AMP
Presentation
Eric Pinkerton, Regional Director NSW, Hivint
Presentation

Audio
Video

Being robust and able to recover quickly from risk events is crucial to how any business ensures a successful outcome when the worst happens. We will hear from three speakers on key factors associated with being resilient  - strategic planning, business continuity and how to protect your business and its data in the cloud…


Contribution to Business Strategy Actuarial Approach to Problem Solving Valuing Uncertain Future Cashflow Risk Management

4.10pm

Plenary 5 – CRO Survey

Gloria Yu, Director, Deloitte
Presentation

Audio 
Video

In recent months the Actuaries Institute ran its inaugural CRO survey. This asked the CROs of Authorised Deposit-Taking Institutions (ADIs), life insurers, general insurers and private health insurers a short series of questions about their approach to risk management.  In this session we will summarise the responses and discuss their implications.

Contribution to Business Strategy Risk Management

4.45pm

Plenary 6 – Organising the Response to Risk

Nicolette Rubinsztein, Vice President, UniSuper
Presentation
Jacob Mamutil, Principal, Finity
Rob Curtis, ASPAC Insurance Risk & Regulatory Lead, KPMG
Dominique Fox, Executive Manager, Risk and Compliance, Westfund Health Insurance

Audio
Video

Do current organisational structures support sound risk management? Alternatively, how can governance structures be enhanced to assist organisations in responding to risks? What lessons can be learned from overseas best practices?

Can a lack of board or management renewal hinder sound risk management?

Our concluding session will address these and other important issues about the interaction between management and the Board.

Contribution to Business Strategy Leadership Risk Management

5.45 Networking Drinks

 


Capability Framework Functions

Contribution to Business Strategy Contribution to Business Strategy
Leadership Leadership
Actuarial Approach to Problem Solving Actuarial Approach to Problem Solving
Valuing Uncertain Future Cashflow Valuing Uncertain Future Cash Flow
Risk Management Risk Management
Professional Governance Professional Governance
Product Development, Management and Pricing Product Development, Management and Pricing
Investment Advice and Governance Investment Advice and Governance

Keynote and Plenary Speakers

 Stephen Britt Warren Dresner Saskia Goedhart Tony Harb Paul Hurrell Fahmi Hosain Jacob Mamutil  Greg Yanco