REPLACING THE INCOME REPLACEMENT RATIO – BETTER WAYS OF CALCULATING AND COMMUNICATING POST-RETIREMENT LIVING STANDARDS
Joanna Legutko
17 October 2017 | 14:45 – 15:45 | Committee 4
Relevant practice area(s):Retirement Matters
Suggested audience knowledge level: Foundational
Abstract:
Income replacement ratios are the most common way of formulating retirement targets, and monitoring individuals’ retirement readiness. These ratios can however be problematic, partly because they often do not correctly account for the impact of tax, savings rates and work related expenses, and partly because they can ignore some of the longevity and investment risks retirement fund members are exposed to.
THE ROLE OF THE ACTUARY IN RISK MANAGEMENT – WHAT ARE WE DOING HERE?
Carike Nel, Jaco van der Merwe, , Saffiya Omar, Lafras Eksteen
17 October 2017 | 10:50 – 11:50 | Ballroom 1
Relevant practice area(s):ERM
Suggested audience knowledge level: Foundational
Abstract:
This topic covers 3 practice areas: Life, Short-term and ERM.
This session will include a panel discussion and presentation of the results of an industry survey conducted by the authors.
It aims to explore the role and capability of the actuary as a risk manager, as opposed to the more traditional risk quantifier. It also considers whether as actuaries we possess the requisite skill set and training to add the necessary value in this field.
CUTTING THROUGH THE BLOCKCHAIN HYPE
Louis Rossouw
18 October | 11:45 – 12:45 | Committee 4
Relevant practice area(s):Wider Fields, Enterprise and Financial Risk Management (ERM)
Suggested audience knowledge level: Intermediate
Abstract:
Many projects, start-up companies and collaborations based on blockchain technology are being explored. These include inter-bank ledgers, health data blockchains and reinsurance initiatives. IT companies are offering virtual environments to run and experiment with blockchain as a service as well as offering distributed ledger services. Blockchain technology seems to be at the top of the hype cycle.
SYSTEMIC RISK FOR INSURERS – HOT AIR OR SMOULDERING VOLCANO?
David Kirk
18 October 2017 | 11:45 – 12:45 | Ballroom 2|3|4
Relevant practice area(s):Enterprise and Financial Risk Management (ERM)
Suggested audience knowledge level: All levels
Abstract:
Systemic risk within financial services has remained a major topic since the 2007/2008 Global Financial Crisis. “Too Big To Fail”, “Globally Systemically Important Financial Institutions”, “Recovery and Resolution Planning”, the “Financial Stability Board” and other outcomes clearly indicate a major concern for regulators that systemic risk hasn’t been well managed in the past.
BEYOND GLMs – AN INTRODUCTION TO ADVANCED PREDICTIVE ANALYTICS
Jean-Francois Greeff
Presentation
17 October 2017 | 13:15 – 14:15 and 14:45 – 15:45 | Committee 2
Relevant practice area(s):Data Analytics
Suggested audience knowledge level: Foundational and Intermediate
Abstract:
This two-part workshop will serve as an introduction to advanced predictive analytics for the actuary who is familiar with Generalized Linear Models. During the workshops, attendees will discuss some of the problems faced by modellers when working with GLMs and be introduced to methods used to address these problems. The workshop will be interactive and having a laptop with R is recommended.