Tuesday, Oct. 27 2:30 – 4:00 p.m. Session 90 Panel Discussion Session Sponsor: Joint Risk Management Solvency II and a New Enterprise Risk Management Paradigm Moderator: Michel Rochette, FSA Presenters: Matthew G. Lantz, FSA, CERA, MAAA; Michel Rochette, FSA; David K. Sandberg, FSA, CERA, MAAA This session will provide information on the current state of the European Union’s Solvency II regulatory initiative along with ways in which its fundamentals can lead to an enhanced enterprise risk management (ERM) framework. A critical piece of Solvency II regulation will be the development of internal capital models and how they are used to manage risk and make strategic decisions. Presenters will discuss the attributes of an effective capital model and uses beyond defining regulatory capital. The session will also include a presentation of PillarOne, an open source modeling platform, as well as the modeling approach and simulation results of a partial internal model comparing Solvency I and Solvency II requirements. Finally, we will talk about how capital models and other operational improvements can lead to a new ERM paradigm, one in which the risk function within an organization not only focuses on what can go wrong, but also on what can go right - and becomes part of the strategic decision making process. Coordinator: Robert F. Wolf, ASA, CERA, FCA, FCAS, MAAA
Tuesday, Oct. 27 4:15 – 6:45 p.m. Session 92 Session Sponsor: Health Design Your Own Community Health Plan Moderator: Robert Gordon Cosway, FSA, MAAA Facilitator: Marge Ginsburg* This program offers the opportunity to participate in a novel experiential learning session. Using a computerbased program called CHAT ®, you will design a basic health plan to cover the uninsured. The catch? The money available is one-third less than typical employer-based coverage. How will you decide what coverage is important? What does society consider valuable coverage? The session will provide a broad range of perspectives in policy, economics and health care and audience participation is vital. In the midst of the current political climate related to health care, this is a relevant session for everyone, not just health care actuaries. The session will be limited to 20 participants and is free of charge. Coordinator: Beth K. Grice, FSA, MAAA