1. Risk and Reserving Challenges in 2018
Steve Mathews, Willis Towers Watson
Expense control – implications for reserving and risk teams
Outsourcing
Reserving industrialisation/ efficiency
Brexit and wider financial instability
Brexit
Inflation
Financial Instability
Ogden – possible follow-on issues
Management information and informed opinion
Specific IBNER – how integrated is it in the reserving process?
Are we getting complacent about the reserving function?
Conclusions
Be alert to the impact of emerging financial instability on reserving – the Board should feed their intelligence into the reserving process
Challenge the teams to provide you with the information you need to make informed decisions
Look at efficiency and software solutions around the actuarial function – and ensure the team are properly supported to allow the implementation of these new processes to be a success
Expense control – implications for reserving and risk teams
Outsourcing
Reserving industrialisation/ efficiency
Brexit and wider financial instability
Brexit
Inflation
Financial Instability
Ogden – possible follow-on issues
Management information and informed opinion
Specific IBNER – how integrated is it in the reserving process?
Are we getting complacent about the reserving function?
Conclusions
Ensure Boards are actively seeking-out reserving issues and supporting the reserving teams in addressing these
Challenge the teams to provide you with the information you need to make informed decisions
Look at efficiency and software solutions around the actuarial function – but ensure the team are properly supported to allow the implementation of these new processes to be a success
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