SAS Conference 2017: Discovering Potential
Date: Thursday 9th February 2017
Time: 4:15pm to 6:30pm
Location: James Watt Centre 1 Auditorium, Heriot Watt University
Enquiries: Justine Lowe or Una Liu
Register: Register your interest!

Join us at the SAS Annual Actuarial Conference to hear the very latest insights from leading experts. Explore the development of innovative risk modelling concepts in analysing risk of terrorism; learn the systemic impact of climate change from an actuarial perspective and what we can all do more as actuaries and individuals.
This year, we will also be offering students a cash prize of up to £200 for the best questions asked. So be prepared!

Some reflections on the history of British actuarial thought: Looking Back, Looking Forward
Craig Turnbull, Standard Life

Craig will highlight a few of the interesting episodes in the history of actuarial thought that have arisen over the last two hundred years or so, and reflect on what lessons they may provide for today’s actuaries.

The Insurance of Terrorism Risk
Dr. Gordon Woo, Risk Management Solutions

With the increased threat of terrorism, the Insurance industry faces a need to understand and manage terrorism risk. Dr. Gordon Woo will introduce us to quantitative terrorism insurance risk modelling, as well as analyse the largest historic terrorist attack event - 9/11.

Risk Management in Climate Change
Sandy Trust, Grant Thornton UK LLP

Climate change is one of the major global risks, and has been discussed across the globe addressing its risk impact on current society and global financial system. Sandy Trust will explore more about climate change in actuarial perspective, from risk and uncertainty management to business decision making and liability modelling.

The Rising Profile of Pensions
Melanie Stephenson, Louise Lau, Barnett Waddingham

Pensions is finally starting to be a hot topic of conversation. Melanie and Louise will talk about the recent pensions news that is relevant to everyone, not just those of you considering an actuarial career in pensions. This includes the reform of the State pension, the effect of Brexit and the US election on UK pension schemes, the success of auto-enrolment and the fall of BHS.

Craig Turnbull joined Standard Life Investments in March 2015 after a fifteen-year career at Barrie & Hibbert. At B&H, he was Head of Research and Advisory, overseeing industry-leading work in insurance asset-liability modelling, economic capital, Solvency II and the hedging of insurance liabilities.
At SLI, Craig leads the Insurance Solutions team, which works closely with Standard Life Investment’s global insurance client group to support their insurance assetmanagement requirements.
Craig qualified as a Fellow of the Institute of Actuaries in 2003. In 2013, he was awarded the Institute of Actuaries’ Peter Clark Prize for best actuarial research paper. He is the author of the recently-published book, A History of British Actuarial Thought.
Dr. Gordon Woo is a catastrophist at Risk Management Solutions. He is the chief architect of the RMS terrorism risk model. For his innovative work on terrorism insurance risk, he was named by Treasury & Risk magazine as one of the 100 most influential people in finance in 2004.
In September 2013, as a leading international authority on quantitative terrorism risk assessment, he was called to testify to the US congress on terrorism risk modelling. He has been a frequent lecturer on terrorism risk at the NATO Centre of Excellence for the Defence against Terrorism, in Ankara, Turkey.
He is the author of the two books, ‘The Mathematics of Natural Catastrophes’, published by Imperial College Press in 1999, and ‘Calculating Catastrophe’, published by Imperial College Press for the tenth anniversary of 9/11.
Dr. Woo graduated as the best mathematician of his year at Cambridge University, completed his PhD at MIT as a Kennedy Scholar, and was a member of the Harvard Society of Fellows. He is currently an adjunct professor at Nanyang Technological University, Singapore, as well as a visiting professor at University College London.
Sandy Trust sits on the Resource & Environment Board of the Institute and Faculty of Actuaries, who are increasingly active in the Climate Change space, including participation in COP 21. As part of this role he is a regular speaker on Climate Change as a Risk Management Problem, where he educates members of the profession on climate change and encourages individuals to take action.
Professionally, Sandy is a qualified actuary with over 10 years of consulting experience in the UK life insurance sector, where he has worked on a variety of risk, capital, governance and conduct projects. In his professional life, Sandy works at Grant Thornton where he leads on the customer agenda in the life insurance sector, covering a variety of investor protection initiatives. He has a strong knowledge of the UK insurance market with a particular focus on workplace pensions propositions, innovation around long term savings solutions and conduct risk.

Melanie Stephenson and Louise Lau are both actuaries in the Public Sector Consulting team at Barnett Waddingham, specialising in Local Government Pensions. The LGPS is one of the largest defined benefit (DB) schemes in the world and is the largest DB scheme in England and Wales, with over 11,000 employers, 5.1m members and assets of £217bn. They advise local authorities on a full range of pension issues affecting public sector schemes including funding advice, negotiating transfers between funds and offering advice on accounting disclosures. They both have worked at Barnett Waddingham since graduation which is the UK’s largest independent provider of actuarial, administration and consultancy services. Melanie qualified as an actuary in 2009 and Louise is a past Actuarial Science graduate from Heriot-Watt University who qualified as an actuary in 2015.

Information leaflet

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