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Program Code:
C-13
Date:
Wednesday, May 18, 2011
Time:
8:00 AM to 9:30 AM
EST
SPEAKER
(S):
Kris DeFrain, Director, Actuarial and Statistical at National Association of Insurance Commissioners
Kathryn Morgan is a Manager at the FSA, which she joined in 2007, where she leads the FSA work on Pillars 2 and 3 of Solvency II. Previously she was Chief Actuary and Chief Risk Officer for the GI business of Cooperative Financial Services where she designed the risk management framework for the group. Her professional work has covered contributing to papers on marine insurance, commercial insurance, equalization reserves, measuring competitiveness and ERM. She represents the UK actuarial profession in the Groupe Consultatif, and is involved in the UK work on Solvency II in the actuarial profession. Kathryn is also an appointed member of the CAS Board.
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Description
The Own Risk and Solvency Assessment (ORSA) is a regulatory tool adopted as an ERM standard by the International Association of Insurance Supervisors—so no matter where in the world you practice, you’ll probably come across ORSA implementation in the next few years. With focus on the European Union and U.S. plans and proposals, panelists will discuss ORSA, what it means to companies today, and what impact it could have on actuaries down the road.