Plenary Sessions Headline the ICA 2014 Educational Program
ICA 2014 will offer five plenary sessions for all registered delegates. The plenary sessions promise topics that are engaging and essential to the future of the insurance industry and the actuarial profession.
At this time, four plenary sessions have been confirmed:
Monday 31 March
The Longevity Dividend: Altering the Future Course of Health and Longevity?
Dr. Jay Olshansky will lead a discussion about an important new effort underway to secure what has become known as the Longevity Dividend -- the social, economic and health benefits that would accrue to individuals and populations as a consequence of a successful effort to slow the aging process. Dr. Olshansky's discussion will also address the following questions: Why is this initiative taking off now? How might it come about? And, what are the implications for the future course of health and longevity?
Dr. Olshansky is a Professor in the School of Public Health at the University of Illinois at Chicago. He is also a Research Associate at the Center on Aging at the University of Chicago and at the London School of Hygiene and Tropical Medicine.
Wednesday 2 April
In this talk, Dr. Paul Embrechts will discuss theories of uncertainty, and concentrate specifically on some aspects of quantitative risk management related to the modeling of extremes, and on the model and parameter risk underlying current issues occupying the world of insurance.
Dr. Embrechts is Professor of Mathematics at the ETH Zurich specializing in actuarial mathematics and quantitative risk management.
The Insurance Industry CEO Perspective: Navigating the Changing Business Landscape
Patricia L. Guinn, Greig Woodring, Michel M. Liès, Clive Cowdery, and Robert S. Schimek
A conversation with leading insurance industry CEOs
Presented in a "talk show" format, this plenary session will feature a host interviewing leading insurance industry CEO's about their careers, industry vision and actuarially focused advice. Our talk show host will be Patricia Guinn, a Managing Director with Towers Watson, and her guests will be Michel M. Liès, Group CEO, Swiss RE; Greig Woodring, CEO, RGA Reinsurance Company; Clive Cowdery, Founder, Resolution Group; and Robert S. Schimek, Senior Vice President, AIG; President and CEO, AIG Property Casualty.
The talk show guests will share their insights and perspectives on a wide range of topics, such as:
- Potential opportunities and threats arising out of demographic and generational shifts, advancing technology, new regulatory approaches, and other changes to the environments in which we operate. What are the implications for insurance companies and for actuaries?
- In mature markets, how will insurance companies, large and small, cope with sustained low economic growth rates, and with new competition? In the developing areas of the world, what will be the nature and role of the insurance industry?
- What types of actuarial talent and personal skill sets will be needed to support our evolving industry?
Patricia L. Guinn is Managing Director of the Risk and Financial Services business segment of Towers Watson.
Greig Woodring is President and Chief Executive Officer and a Director of Reinsurance Group of America, Incorporated.
Michel M. Liés was appointed Swiss Re's Group Chief Executive Officer with effect from 1 February 2012. From 2011 to 2012, he was Chairman of Global Partnerships.
Clive Cowdery was appointed Chairman of Resolution plc from September 2005-May 2008 and is currently the Founder of Resolution Group.
Robert S. Schimek is Senior Vice President, AIG; President and CEO, AIG Property Casualty. He is responsible for the division's insurance business in the United States, Canada, Latin America, and the Caribbean.
Friday 4 April
Improved Forecasting through a Different Focus
We are somewhat barking up the wrong tree with our heavy emphasis on getting ever more information and hoping that better technical methods will solve existing futures, especially crisis emergence, assessment shortfalls.
The core issue in fostering improved human understanding about both emerging normal and crisis change is learning to better use the assessment tools at hand rather than constantly thinking that some next new method or data improvement will solve insight and foresight problems. There are things to be achieved in terms of cognition, method usage, and using concepts like entanglement and embeddedness to enhance performance.
Guntram Werther is Professor of Strategic Management at Temple University's Fox School of Business and formerly Executive in Residence/Adjunct Professor at Thunderbird: The School of Global Management and Senior Research Fellow at the Office of the Director of National Intelligence's Proteus Futures Group.
For full plenary session descriptions and speaker biographies please visit the ICA 2014 Plenary Sessions webpage.