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The Actuary's Role in the Development of Economic Capital
Program Code:
71
Date:
Friday, May 11, 2007
Time:
10:00 AM to 12:00 PM
MODERATOR
:
Marc Slutzky, FSA, MAAA
SPEAKER
(S):
Christopher Britton, CFA
Matthew P. Clark, FSA, MAAA
B. John Manistre, FSA, FCIA, MAAA
Marc Slutzky, FSA, MAAA
Description
Economic capital is currently a hot topic in the insurance industry. It provides insurance companies with
valuable information with respect to the optimal uses of capital, the differentiation between required capital
and free capital and the pricing of insurance products. In this informative session, top-notch panelists will
review the latest developments in the topic of economic capital from an insurance company perspective.
Companies in the EU and other parts of the world are developing economic capital models to enhance the
effectiveness of their enterprise risk management processes. The panelists will address the advantages
and disadvantages of various approaches that you can weight and integrate into your practice.
You will:
• Learn the practical issues in implementing economic capital;
• Gain insight into the cost and reward relationship;
• Learn best practices in the industry; and
• Learn how people in different roles view economic capital.