Session Information
2011 Casualty Loss Reserve Seminar
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How to estimate Risk Margins under IFRS
Track : Concurrent Sessions 5
Program Code: VR-2
Date: Friday, September 16, 2011
Time: 7:30 AM to 9:00 AM  EST
Location: Pinyon Ballroom 2
MODERATOR :
Jason Russ, Principal, Milliman, Inc.
PANELIST (S):
Jessica Leong, Lead Casualty Specialty Actuary, Guy Carpenter & Co., LLC
Derek Jones, Consulting Actuary, Milliman, Inc.
Description
Are you ready to estimate risk margins under IFRS? Next year , the International Accounting Standards Board (IASB) will finalize the International Financial Reporting Standard (IFRS) for insurance contracts.

We will take you through the basic theory and practice of how to estimate risk margins. By the end of this session you will learn:

  • what is meant by "exit value," "fulfillment value", and "market value" of insurance liabilities

  • We'll take you through step-by-step examples to show you how to estimate risk margins using the cost of capital method, confidence level method and the conditional tail expectation method.

  • and we'll discuss how to deal with practical issues, like: What do you do if you don't have enough data? And how might a risk margin might change over time?



  • Audio Synchronized to PowerPoint
    (Code: VR-2)
    Attendee:Free
    Non-Attendee $25 USD - Your Price
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