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Life conference

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.

The Life Conference, organised by the Institute and Faculty of Actuaries, will take place at the International Convention Centre in Birmingham, UK. The conference brings together top experts in the field to discuss important issues, innovative ideas, and cutting-edge research in the life insurance sector. Munich Re experts will deliver insightful presentations based on their research and data, covering insightful topics that will have a significant impact on the life insurance industry.

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
Medical Officer

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
Senior Medical Officer

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
Medical Consultant

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

Activity Time Information
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
Activity Time Information
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?
Activity Time Information
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

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