Life Conference 2023
22 - 24 November
Join us at the Life Conference held at the International Convention Centre, Birmingham.
Munich Re is delighted to announce that we will be presenting at the highly anticipated Life Conference.
Here are the topic sessions we will cover
A globally recognised increase in the prevalence of mental health disorders is adding additional complexity, not only to underwriting and claims assessment but also with the pricing of disability-based products.
In recent years, both before and after the COVID-19 pandemic, there has been a significant increase in both the number of applicants disclosing a history of mental health conditions and the number of claims made. This can also be explained by a growing number of newly recognised mental health conditions and societal destigmatisation, which has led to greater public awareness and acceptance.
As more people with mental health problems share their symptoms and seek treatment, and as awareness of potential risk factors increases, doctors are now diagnosing mental illness more frequently.
In response to this trend, Munich Re undertook a review of its underwriting guidelines with the objective of increasing the boundaries of insurability and taking a more differentiated view of each applicant.
In this presentation, Dr Laura Laprell will explain how the findings of Munich Re’s research will help insurers address both the complexity and increasing incidence of mental health disorders in all stages of the protection journey.
As a leading reinsurer, we challenged ourselves on how can we address the increasing frequency and complexity, whilst being able to maintain fair and risk-adequate underwriting guidelines? To answer these questions, experts at Munich Re have developed a holistic solution: the Mental Health Calculator.
From a virtually uninsurable disease in the first decades of this disease, to a near standard rates risk for many people living with HIV, learn how advances in medicine and improved data monitoring have resulted in HIV being considered as just another chronic disease.
In this presentation, Dr Steven Wiseman will share how Munch Re carried out extensive research with the conclusion resulting in people living with HIV now having access to protection types other than Life.
As a leading reinsurer, working with global experts in HIV we challenged ourselves on how the industry could insure a cohort of lives who were unable to access insurance. We are delighted that the conclusion of our research has resulted in such a positive outcome for people living with HIV.
Cancer is a major driver of mortality and disability in Europe. The incidence of certain cancers is increasing in younger persons, which makes cancer a relevant disease for the insurance industry. With Right to be Forgotten (RTBF) regulations being in place in several, European countries, there is an ongoing debate whether RTBF could lead to long-term changes in portfolio mix and best estimates.
The majority of RTBF regulations concern for life cover for mortgages but we are increasingly seeing EU member states widening the scope of RTBF by reducing time frames, extending product ranges and including other diseases.
Dr Mathias Orban will explain the impact a RTBF could have when one or more of these three levers are pulled. He will present the range of the number of persons affected by RTBF in the UK, and which factors could influence the impact of RTBF. He will present concrete scenarios for different constellations of the decisive factors.
From this presentation, the audience will learn how the impact of a RTBF can vary depending on the scope of the agreement and which factors, both insurance- and medical-wise, contribute to this impact.
As a leading reinsurer, Munich Re has the capability to model the market impact of a RTBF regardless of timeframe, breadth of disease and product range.
About our speakers
Dr. Laura Laprell has been with Munich Re for just 2 years and works in Medical Research and Development. Her focus is on data analytics and data-based models. She coordinates and works in digitalization projects such as the development of the new Mental Health Calculator to support underwriting of mental illnesses, and in the claims area on algorithms and development of rule trees to evaluate disability claims.
Laura is a biochemist and received her PhD from LMU Munich in 2015. Prior to joining Munich Re, she was a research group leader from 2016 to 2021, first at the University of Washington in Seattle and then at the Center for Molecular Neurobiology in Hamburg.
Dr Steven Wiseman studied medicine at the Ludwig-Maximilians-University in Munich, Germany from which he graduated in 2006 and is also a graduate of the “Harvard Medical School – LMU Alliance” courses of the LMU.
He joined the medical research and development team of Munich Re in May 2014 as Medical Consultant.
Currently he is a Senior Medical Consultant responsible for the medical content of the MIRA manual, product development and consulting, especially for critical illness products and the training of other medical consultants, amongst other duties.
Dr. Mathias Orban is a Medical Consultant at Munich RE. He is board-certified in Cardiology and Internal Medicine as well as Intensive Care.
He graduated from Ludwig-Maximilans University, with prior study visits at Technische Universität München, Stanford University and Oxford University. Dr. Orban received his venia legendi from the Ludwig-Maximilans University in 2019, where he is giving lectures at the faculty of medicine. He has authored more than 80 peer-reviewed scientific papers in the field of molecular medicine and cardiology.
Life Conference agenda
|Registration||15:00 - 16:00|
|Welcome to the Life Conference||16:00 - 16:10||Chair: Dawn Whittaker|
|Update from the IFoA President||16:10 - 17:10||Kalpana Shah|
|Tea and coffee||17:10 - 17:40|
|Plenary 1 – Baron Robert Winston||17:40 - 18:40||IFoA Climate Stress and Scenario Testing Working Party|
|Dinner, drinks and exhibition||8:40 - 22:00|
|Registration||08:30 - 09:00|
|Plenary 2||09:00 - 10:00|
|Workshop A1 – Kindly sponsored by PIC||10:10 - 11:00||Climate risk in the capital framework|
|Workshop A2||10:10 - 11:00||Unlocking the bank vault: how insurers can ride the interest rate wave|
|Workshop A3||10:10 - 11:00||IFoA Climate Stress and Scenario Testing Working Party|
|Workshop A4||10:10 - 11:00||Risk revolution: empowering the chief risk officer of the future|
|Workshop A5 | Protection||10:10 - 11:00||Extended insurability for people living with HIV|
|Workshop A6||10:10 - 11:00||Private market investments: a benefit for society and consumers|
|Workshop A7||10:10 - 11:00||Consumer Duty: what does it mean for with profits?|
|Workshop A8 | Protection||10:10 - 11:00||Post-pandemic mortality trends|
|Workshop A9||10:10 - 11:00||The currency of trust: the industry’s most precious commodity?|
|Morning refreshment and exhibition||11:00 - 11:45|
|Workshop B1||11:45 - 12:35||Generative AI: the biggest transformation since desktop computing|
|Workshop B2||11:45 - 12:35||LP-WHY: the complications of inflation|
|Workshop B3||11:45 - 12:35||Which exit do I take? Clarifying insurance resolution|
|Workshop B4||11:45 - 12:35||Entering the BPA market: opportunities and challenges|
|Workshop B5||11:45 - 12:35||ESG: thinking beyond climate risk|
|Workshop B6 | Protection||11:45 - 12:35||Cascading impacts of pandemics: modelling considerations|
|Workshop B7 | Protection||11:45 - 12:35||An analysis of diabetes mortality and morbidity risk|
|Workshop B8||11:45 - 12:35||Securitisation deep dive: asset classes and structuring considerations|
|Workshop B9||11:45 - 12:35||No time for procrastination: we need to talk about FS attestation!|
|Lunch and exhibition||12:35 - 14:00|
|Plenary 3||14:00 - 15:00||Regulatory reform: protecting policyholders into poverty?|
|Workshop C1||15:10 - 16:00||UK bulk annuity market: bigger, stronger, faster, harder|
|Workshop C2 | Protection||15:10 - 16:00||Alternative data in life and health risk assessment|
|Workshop C3||15:10 - 16:00||Quantifying the impact of climate change on UK longevity|
|Workshop C4||15:10 - 16:00||Lapse in judgement: use ML and XAI to model lapses and draw insights|
|Workshop C5 | Protection||15:10 - 16:00||Understanding the complexity of mental health|
|Workshop C6||15:10 - 16:00||Making innovation in DC and retirement work for consumers|
|Workshop C7||15:10 - 16:00||Unleashing capital: an investment model for national growth|
|Workshop C8||15:10 - 16:00||The Bermudan life market: the key to unlocking UK potential?|
|Workshop C9 | Protection||15:10 - 16:00||Why we need to talk about hormones|
|Afternoon refreshment||16:00 - 16:45|
|Workshop D1||16:45 - 17:35||Who ate all the pie (charts)? Making a meal of data in the digital age|
|Workshop D2||16:45 - 17:35||Consumer Duty: challenges and opportunities for in-force business|
|Workshop D3||16:45 - 17:35||With-profit fund closure and conversion|
|Workshop D4||16:45 - 17:35||Alexa, build my actuarial model!|
|Workshop D5||16:45 - 17:35||Climate risk: scenarios, narratives, and actuarial story-telling|
|Workshop D6 | Protection||16:45 - 17:35||How might earlier detection of cancers affect life and CI claims?|
|Workshop D7||16:45 - 17:35||To infinity and beyond: what next for life insurance?|
|Workshop D8||16:45 - 17:35||Global events, local impacts: inflation is not easy|
|Workshop D9||16:45 - 17:35||The Netherlands PRT market: the next big thing or a damp squib?|
|Workshop E1||09:00 - 09:50||BPAs: One market, four perspectives|
|Workshop E2 | Protection||09:00 - 09:50||Obesity: redesigning disability income for the forgotten pandemic|
|Workshop E3||09:00 - 09:50||Right to be forgotten and its impact on life insurance business|
|Workshop E4||09:00 - 09:50||Managing inflation: why it’s hard and what might happen next|
|Workshop E5||09:00 - 09:50||Update from the CMI|
|Workshop E6||09:00 - 09:50||The emperor’s new climate scenarios|
|Workshop E7||09:00 - 09:50||Data science: casting an AI over the actuarial regulatory landscape|
|Workshop E8||09:00 - 09:50||Thriving at work: a personal perspective on workplace mental health|
|Workshop E9||09:00 - 09:50||IFRS 17... we made it ! What have we learnt from reporting to date?|
|Workshop F1||10:00 - 10:50||Climate risk and opportunity in corporate and sovereign bond markets|
|Workshop F2||10:00 - 10:50||COVID-19 mortality excavation|
|Workshop F3||10:00 - 10:50||A time of change: how is this impacting on mergers and acquisitions?|
|Workshop F4 | Protection||10:00 - 10:50||Preventive Care and Digital Health: The Keys To Our Healthy Future|
|Workshop F5||10:00 - 10:50||Application of quantum and digital twins in life insurance|
|Workshop F6||10:00 - 10:50||Hot topics in with-profits panel session|
|Workshop F7||10:00 - 10:50||Recovery and resolution planning – including case study|
|Workshop F8||10:00 - 10:50||From bias to black boxes: understanding and managing the risks of AI|
|Workshop F9||10:00 - 10:50||Exploring microinsurance growth: insights from Africa|
|Morning refreshments and exhibition||10:50 - 11:40|
|Workshop G1||11:40 - 12:30||Solvency UK: one step closer|
|Workshop G2||11:40 - 12:30||Expert judgement backed by a behavioural science-informed digital tool|
|Workshop G3||11:40 - 12:30||Liquidity management: lessons from recent crises with a case study|
|Workshop G4||11:40 - 12:30||Journey to transition planning|
|Workshop G5 | Protection||11:40 - 12:30||Pandemic risk modelling and the changes due to COVID-19|
|Workshop G6||11:40 - 12:30||IFRS17 implementation for life insurers’ ceded business reporting|
|Workshop G7 | Protection||11:40 - 12:30||Dementia and Alzheimer’s: the beginning of the end?|
|Workshop G8||11:40 - 12:30||Cracking the code: optimisation techniques for the matching adjustment|
|Workshop G9||11:40 - 12:30||What does ‘fair’ even mean?|
|Plenary 4||12:40 - 13:40||Solvency II reform of the matching adjustment|
|Closing remarks||13:40 - 13:45|
|Lunch on the run||13:45 - 13:45|