programme armado - International Actuarial Association

Transcription

• Cancun, Mexico, March 17 - 22 / 2002 •
WELCOME MESSAGE
D
ear Colleagues and Friends,
I would like to welcome you to Mexico, to Cancun
and to this main event that comprises four
outstanding meetings: The 27 th International
Congress of Actuaries, the 33 rd International ASTIN
Colloquium, the 12th International AFIR Colloquium
and the 1 st International Health Seminar.
On June 1992, the International Actuarial
Association entrusted the Mexican actuaries with
the organization of its 27th Congress.
Fully aware of the significant responsibility we had
acquired, planning activities got immediately
underway. They gradually turned into the
enthusiastic organization which today allows us to
welcome you with open arms and offer you a wideranging and varied scientific program, as well as
an appealing and fun social agenda.
We are proud to receive over 1,200 delegates from 57 countries from the 5 continents. We are also honored to
have with us close to 600 companions who have come to join us for the unparalleled celebration of the first
actuarial congress of the third millennium.
The actuarial profession must face major challenges as a result of the globalized world in which we live.
Furthermore, the interaction between the various professions and between the public and private sectors constitutes
a reality which demands greater responsibility, outstanding professionalism, higher standards and better education.
We sincerely hope that the lessons learned during this Congress shall make a significant contribution to the
future development of our profession throughout the world. We also hope that you all take back with you an
unforgettable image of our country, our people and our culture.
Thank you all for coming. Thank you for having believed in us, and thank you for sharing these wonderful days
with the Mexican actuaries.
Once again, welcome to Cancun!
Luis R. Huerta
Congress President
1
• 27th International Congress of Actuaries •
HOSTING TEAM
U,
Jorge Vergara, Jorge Pedroza, Rafael TravaU
Mario Beltrán, Jose Luis Lobera, Kurt Vogt,
Juan Carlos Padilla, Sofia Romano, Luis Huerta,
Oliva Sánchez, José de Caso.
2
INDEX
I. SCIENTIFIC PROGRAMME ......................................................................................... 4
1.1 PROGRAMME SUMMARY .................................................................................... 5
1.2 SESSIONS DESCRIPTION .................................................................................... 8
1.3 GENERAL INFORMATION ................................................................................. 36
II. TOURS ................................................................................................................................ 37
2.1 OPTIONAL TOURS .............................................................................................. 37
2.2 WEDNESDAY DAY OUT - CHICHEN ITZA .................................................. 38
2.3 TOURS FOR COMPANIONS .............................................................................. 38
III. REGISTRATION AND INFORMATION ............................................................... 39
IV. DINING ............................................................................................................................ 40
V. IMPORTANT INFORMATION .................................................................................... 40
VI. A THANK YOU TO OUR SUPPORTERS ............................................................ 43
VII. CONGRESS OFFICERS AND ORGANIZERS ................................................... 43
This Programme is published in English only, following a detailed analysis of the language skills noted in
the Registration Forms. The Congress Committee wishes to avoid any discourtesy to those participants whose
mother tongue is not English and kindly requests that any queries or concerns be addressed to the General
Information Desk, where they may be answered in any of the Official Congress languages.
El programa se presenta solamente en inglés a raíz de un detallado análisis de las dotes lingüísticas que se
anotaron en los formatos de inscripción. El Comité del Congreso no quisiera de ningún modo pecar de descortesía
ante los asistentes cuyo idioma nativo no es el inglés y ruega encarecidamente que se dirijan a la mesa de
Información General, para cualquier pregunta que deseen formular o preocupación que quieran expresar, donde
se les atenderá en cualesquiera de los idiomas oficiales del Congreso.
Das Kongressprogramm wird nach einer detallierten Analyse der auf den Anmeldeformularen angegebenen
Sprachkenntnisse nur auf Englisch erstellt. Das Kongress Komitee ist sehr darauf bedacht, Unannehmlichkeiten
für jene eilnehmer zu vermeiden, deren Muttersprache nicht English ist. Diese können sich mit Anfragen und
sonstigen Anliegen herzlich gern in einer der offiziellen Kongresssprachen an die Mitarbeiter des
Informationsschalters wenden.
Sur la foi d’une analyse détaillée des compétences linguistiques figurant sur les inscriptions, ce programme
est publié uniquement en anglais. Par souci de courtoisie à l’égard des participants dont la langue maternelle
n’est pas l’anglais, le comité du Congrès vous serait reconnaissant d’adresser toute demande ou préoccupation
au bureau d’information générale, qui vous répondra dans l’une ou l’autre des langues officielles du Congrès.
3
I. SCIENTIFIC PROGRAMME
We are proud to present the Scientific Programme
for the 27th International Congress of Actuaries
which includes several innovations. It is the product
of an ongoing and relentless effort —which we have
carried out over several years—, and which allowed
us to combine the work of Mexican actuaries with
the support and cooperation of many actuaries from
other parts of the world.
In the previous Congress in Birmingham, the
Organizing Committee proposed that the themes be
broad-based instead of dealing with four or five
broadly defined themes. We chose to stick to this
line of reasoning so that the Congress would appeal
to a larger number of actuaries around the world.
The plenary sessions will take us from the Ancient
Mesoamerican Culture to the current vision of the
actuary from the point of view of some of the top
leaders of the largest actuarial employers; the current
advances and new paradigms in genetics and the
opportunities to further the role of actuaries in wider
fields.
There will be 83 papers presented in 26 sessions
during the Congress. To enrich the programme,
besides these valuable paper presentations, we also
decided to invite the different Committees of the
International Actuarial Association as well as the
regional Actuarial Associations to organize specific
sessions relevant to the profession. We will have 37 such sessions with a very wide range of themes. Some of
these sessions will be repeated during both parts of the Congress so that all participants can benefit from them.
In the first part of the Congress, the sessions will focus on three main areas: Social Security, General Insurance
and Health, while in the second part, the sessions will focus on Life, Pensions and Financial Risk.
For the first time ever we will also be hosting the 12th AFIR Colloquium, the 33rd ASTIN Colloquium and the 1st
International Health Seminar, featuring several interesting sessions.
You are more than welcome to participate in any of the sessions regardless of the event you have signed up for.
A Poster Exhibit, presenting the highlights of the Association Reports, some research papers and posters on the
Education Systems in different countries will be displayed in the Convention Center Hall.
We sincerely hope you will find the Scientific Programme as appealing and enjoyable as your visit to Cancun.
Oliva Sánchez
Scientific Committee
Chairman
4
1.1 PROGRAMME SUMMARY
Monday, March 18
Time
Sess
Event
Format
8:45 - 10:00
10:00 - 10:45
11:00 - 12:15
13:45 - 15:15
1
2
3
4
5
6
7
8
9
ICA/AFIR/IHS
ICA/AFIR/IHS
ICA/AFIR/IHS
ICA
ICA
ICA
ICA
AFIR
IHS
L
PD
PD
D
PP
PP
L
L
15:30 - 17:00
10
11
12
ICA
ICA
ICA
PD
PD
PD
13
14
15
ICA
AFIR
IHS
PP
PP
PD
16
IHS
PD
17
18
IHS
IHS
PD
PP
Tuesday, March 19
8:30 - 10:00
19
ICA
PD
20
ICA
PD
21
ICA
PD
22
ICA
PD
23
24
25
26
27
28
ICA
ICA
AFIR
IHS
IHS
IHS
PP
PP
PP
PD
PD
PD
29
30
IHS
ICA
PP
PD
31
32
33
ICA
ICA
ICA
PD
PD
PD
10:15 - 11:45
Title
Opening Ceremony
An Overview of Mesoamerican Mathematics
Vision of the Actuary
Towards a New Global Education System (Part I)
The Future of Social Security Financing
Papers on General Insurance
Papers on General Reinsurance
Capital Adequacy and Credit Risk in Bank Loan Portfolios
Opening Plenary Session: Health-Care Reform
Using a Public-Private Partnership
Towards a New Global Education System (Part II)
Rating Agencies - General Insurance
Social Security Reform in Developing Countries the Evolution of Defined Contribution Solutions
Papers on Financial Planning
Critical Issues in Managing Long Term
Care Insurance
Critical Issues in Managing Income Replacement
Insurance
Critical Issues in Managing Critical Illness Insurance
Integration of Public and Private Sectors
Innovative Solutions to Social Security Funding
Problems in Developed Countries
International Accounting Standards - Property
& Casualty
Finite and Alternative Risk Transfer Approaches
in the International Arena
Non-U.S. Liability Insurance: Pricing and
Reserving Challenges
Papers on Health
Papers on Options in Life Insurance
Critical Issues in Managing Income Replacement Insurance
Critical Issues in Managing Supplemental Private
Medical Indemnity Insurance
Health Risk Adjustment
Impact of Globalization in the Actuarial Profession Property & Casualty
Catastrophe Models in Practice
Latent Exposures
Room
Galactic
Galactic
Galactic
Star 2
Galactic 1
Star 7 & 8
Galactic 8
Galactic 7
Galactic 2
Star 2
Galactic 2
Galactic 1
Star 7 & 8
Galactic 7
Jupiter 1 & 2
Jupiter 3 & 4
Jupiter 5 & 6
Star 1
Galactic 1
Galactic 2
Jupiter 1 & 2
Jupiter 3 & 4
Star 2
Marte
Galactic 7
Star 8
Star 7
Jupiter 5 & 6
Star 1
Galactic 1
Galactic 2
Jupiter 1 & 2
Jupiter 3 & 4
5
Tuesday, March 19
Time
Sess
10:15 - 11:45
12:00 - 13:30
13:30 - 15:00
15:00 - 16:30
Event
Format
34
35
36
37
38
ICA
ICA
AFIR
IHS
IHS
PP
PP
PP
PD
PD
39
IHS
PD
40
41
42
IHS
ICA
ICA
PP
PD
PD
43
ICA
PD
44
45
46
47
48
49
ICA
ICA
ICA
AFIR
IHS
IHS
PD
PP
PP
PP
IS
PD
50
IHS
PD
51
IHS
PD
52
53
54
55
56
AFIR
ICA
ICA
ICA
ICA
L
RP
PD
PD
PD
57
58
59
60
61
ICA
ICA
ICA
AFIR
IHS
PP
PP
PP
ASTIN
ICA
ICA
L
PD
PD
ICA
ICA
ICA
ICA
ICA
ICA
PD
PD
PP
PD
PP
PP
Thursday, March 21
8:45 - 10:30
62
9:00 - 10:30
63
64
10:45 - 12:15
6
65
66
67
68
69
70
Title
Room
Papers on Social Security
Papers on Professionalism
Some Useful Theory
Critical Issues in Managing Long Term Care Insurance
Critical Issues in Managing Full Coverage Medical
Indemnity and Managed Care
International Issues in Private Sector Health
Insurance Supervision
Health-Care Financing Systems
Mutual Recognition
Challenges and Opportunities for our Profession
in Actuarially Developing Countries
Finite and Alternative Risk Transfer Approaches
in the International Arena
Latent Exposures
Papers on Education
Papers on Interest Rate Modeling and Portfolio Selection
State-of - the-Art Modeling Techniques
Critical Issues in Managing Supplemental
Private Medical Indemnity Insurance
Critical Issues in Managing Full Coverage Medical
Indemnity and Managed Care
International Issues in Private Sector Health
Insurance Supervision
Lunch with Keynote Speaker
Professionalism
Insurance Regulation of General Insurance Companies
Non-U.S. Liability Insurance: Pricing and
Reserving Challenges
General Assembly
Closing Ceremony
Star 2
Star 7
Galactic 7
Star 1
Opening Ceremony and Keynote Speaker
The Actuarial Role and the Organizational and
Operational Paradigm in an Insurance Company
Differences in Employee Benefits Accounting Principles
Bancassurance ( Part I)
Project Management for International Consulting
Papers on Life
Papers on Mortality
Jupiter 5 & 6
Marte
Star 8
Galactic 1
Galactic 2
Star 1
Star 2
Jupiter 1 & 2
Jupiter 3 & 4
Star 7
Galactic 7
Star 8
Jupiter 5& 6
Marte
Galactic 8
Galactic 1
Galactic 7
Star 1
Star 2
Jupiter 1 & 2
Jupiter 3 & 4
Jupiter 5 & 6
Star 7
Galactic 2
Galactic 2
Galactic 7
Galactic 1
Galactic 8
Galactic 1
Galactic 8
Star 2
Galactic 7
Jupiter
Thursday, March 21
Time
Sess
10:45 - 12:15
71
72
13:45 - 15:15
15:30 - 17:00
Event
ICA
ASTIN
Format
PP
PP
73
74
75
76
77
78
79
80
81
ICA
ICA
ICA
ICA
ICA
ASTIN
ICA
ICA
ICA
RP
WS
PP
PP
PP
PP
PD
PD
L
82
83
84
85
ICA
ICA
ICA
ASTIN
PP
PP
PP
PP
ICA
ICA
ICA
ICA
ASTIN
ICA
ICA
ICA
ICA
ICA
ASTIN
ICA/ASTIN
ICA/ASTIN
ICA/ASTIN
PD
PD
PP
PP
PP
PD
PD
PD
PP
PP
PP
PD
PD
Friday, March 22
9:00 - 10:30
86
87
88
89
90
10:45 - 12:15
91
92
93
94
95
96
14:00 - 15:00
97
15:15 - 16:30
98
16:30 - 17:40
99
Title
Papers on Credit Risk
Dynamic Financial Analisys of the effect of
growth on Property Liability Insurers
Professionalism
Bancassurance (Part II)
Papers on Life
Papers on Mortality
Papers on Pensions
Papers Presentation
International Accounting Standards – Life
Life reinsurance
Impact of Global Demographic Changes
in Retirement Systems
Papers on Life
Papers on Pensions
Papers on Financial Risk
Papers Presentation and ASTIN General Assembly
Impact of Globalization in the Actuarial Profession
Current Developments in Life Insurance
Papers on Pensions
Papers on Life
Papers Presentation
Mutual Recognition
Retirement Trends
Insurance Regulation of Life Insurance Companies
Papers on Life
Papers on Pensions
Other Topics and Speakers´ Corner
Genetics
Wider Fields
Closing Ceremony
Room
Star 1
Galactic 2
Jupiter 1 & 2
Galactic 8
Galactic 1
Star 1
Galactic 7
Galactic 2
Galactic 7
Galactic 1
Galactic 8
Star 7
Star 1
Star 2
Galactic 2
Galactic 7
Galactic 1
Galactic 8
Star 1
Galactic 2
Star 1
Galactic 7 & 8
Star 2
Galactic 1
Star 7
Galactic 2
Galactic
Galactic
Galactic
SESSIONS FORMATS
D
Debate is a discussion between two individuals or teams taking opposing sides of a clearly
specified issue.
IS
Instruction Session consists of one expert with a how-to approach to the stated subject matter.
L
Lecture is a formal presentation on a subject given before audience.
PD
Panel Discussion consists of experts presenting specific topics with limited audience participation.
PP
Paper Presentation is a formal presentation and discussion of a research paper.
RP
Role Play is an interactive format that uses dramatization to explain human behavior or problems
in a non-threatening way.
WS
Workshop is an informal, detailed discussion of a topic structured for a small group of participants.
7
1.2 SESSIONS DESCRIPTION
MONDAY, MARCH 18
8:45-10:00
1
ICA/AFIR/IHS
Galactic
ICA/AFIR/IHS
Galactic
Opening Ceremony
10:00-10:45
2
L
An Overview of Mesoamerican Mathematics
Speaker: Dr. Pablo Noriega B.V. (México), Researcher and Past President of “Colegio Nacional de Actuarios”
Popular views of Mesoamerican Mathematics tend to be based on three assertions:
• Mesoamerican people “counted in twenties”.
• The Maya discovered the zero before the Hindus or Arabs.
• The Maya had a remarkable calendar.
Unfortunately, many of the more professional views of the field convey little else, mostly because some mathematical
training is needed to say anything significant.
In his talk, Dr. Noriega will attempt to go beyond those blunt assertions by exploring some of the uses of Mathematics
in Ancient Mexico and Central America. In particular, he will discuss Mayan numerical notation and calendrics and
will argue in favor of whatever algebraic sophistication these cultural developments entail. He will also look into land
tenure documents from Central Mexico and discuss some of their demographic, economic and geometrical content. In
this manner he intends to draw a broad picture of the field while still pointing out some technically interesting details.
The intent is not to compress a senior Anthropology course in a one hour lecture, but rather to give attendants the
elements for an educated acquaintance with Mesoamerican Mathematics that would allow for a more enjoyable appreciation of Mayan ruins and profitable further reading.
11:00-12:15
3
PD
ICA/AFIR/IHS
Galactic
Vision of the Actuary
Chairman: Morris Chambers (Canada)
Panelists:
• Clemente Cabello (Mexico), CEO, Grupo Nacional Provincial
• Dale Gifford (USA), CEO, Hewitt Associates
• Patricia Guinn (USA), Managing Director of Tillinghast - Towers Perrin and Towers Perrin Reinsurance.
• Timothy Lynch (USA), Vice Chairman of William M. Mercer Companies
The members of the panel for this session are top leaders of some of the largest actuarial employers. They will discuss
their views of the future applications of actuarial skills and how actuarial training might need to adapt itself to the
professional challenges of the future.
13:45- 15:15
4
PD
Organized by the IAA´s Education Committee
Chairman: Cecil Bykerk (USA)
Panelists:
• Clare Bellis (Australia)
8
ICA
Star 2
MONDAY, MARCH 18
• Jan Dhaene (Belgium)
• Ma. Angeles Felipe (Spain)
• Harry Panjer (Canada)
The IAA’s Education Committee will begin this session by reviewing the historical development of the steps towards
actuarial education within the IAA and the Groupe Consultatif. Current systems in place around the world will be
examined, including recent projects between the U.S. and the United Kingdom. The session will conclude with a
debate on possible future developments.
The panelists will discuss:
• The use of the Actuarial Control Cycle in developing key actuarial application concepts and its delivery internationally.
• The links between a possible QRA qualification and foundation actuarial skills.
• The role of the national association particularly in university based systems.
• The role of CPD in extending the skills of an actuary on qualification. The role of practical work experience will
also be covered here.
This session will also be held on Thursday, March 21, 9:00 - 10:30
13:45-15:15
5
D
ICA
Galactic 1
The Future of Social Security Financing
Organized by the IAA´s Social Security Committee
Chairman: Robert Brown (Canada)
Speakers:
• Robert Holzmann (Austria)
• Michael Cichon (ILO)
This session will take the format of a point-counter point discussion on the future of social security financing. The two
speakers will compare and contrast the strengths and weaknesses of the defined benefit and the defined contribution
approaches to social security funding. Robert Holzmann will speak on behalf of the multiple pillar approach, and
Michael Cichon will take the side of the defined benefit approach. Robert Brown will provide a comparison of the two
approaches from an actuarial perspective.
13:45-15:15
6
PP
ICA
Star 7 & 8
Chairman: David Kingston (U.K.)
Speakers:
• Tony Jeffery (Ireland), “Generalised Solvency Principles”
• Lasse Koskinen, Tarmo Pukkila (Finland), “Risk Caused by the Catastrophic Downturns of the National
Economy”
• Franz Günter Liebmann (Austria), “Risk Willingness of Insurance Companies”
13:45-15:15
7
PP
ICA
Galactic 8
Papers on General Reinsurance
Chairman: Gail M. Ross (USA)
Speakers:
• Bruno Gmür, Philipp L. Keller (Bermuda), “Reinsurance Bermudan Style”
9
MONDAY, MARCH 18
• James Shah (USA), “Medical Stop Loss; Present Practices and Issues”
• Jean-François Walhin, M. Denuit (Belgium),“On the Pricing of Top and Drop Excess of Loss Covers”
13:45-15:15
8
L
AFIR
Galactic 7
Capital Adequacy Risk in Bank Loan Portfolios
Speaker: Javier Márquez Diez-Canedo (Mexico)
A default model that relates capital adequacy to credit risk, measures concentration risk, and obtains single obligor
limits.
13:45-15:15
9
L
IHS
Galactic 2
Opening Plenary Session : Health-Care Reform Using a Public-Private Partnership
Chairman: Howard Bolnick (USA)
Welcome and Introductory Remarks: Edward J. Levay (U.K.)
Keynote Speaker: Julio Frenk Mora (Mexico), Health Minister
Responders:
• Alvaro Castro Gutiérrez (ILO)
• John Bertko (USA)
• Ibrahim Muhanna (Lebanon and Cyprus)
15:30-17:00
10
PD
ICA
Star 2
Panelists:
• Robert Brown (Canada)
• Jeremy Goford (U.K.)
• Herbert Lüthy (Switzerland)
The IAA’s Education Committee will begin this session by reviewing the historical development of the steps towards
actuarial education within the IAA and the Groupe Consultatif. Current systems in place around the world will be
examined, including recent projects between the U.S. and the United Kingdom.
A panel representing the three different types of education system will present their systems and discuss them in the
context of the paper presented in Session Part One.
This session will also be held on Thursday, March 21, 10:45 - 12:15
15:30-17:00
11
Chairman: David G. Hartman (USA)
10
PD
ICA
Galactic 2
Monday, March
18 18
MONDAY,
MARCH
Panelists:
• Karen L. Davies (USA)
• Matthew C. Mosher (USA)
The panelists will discuss the role of rating agencies around the world and how Moody’s and A.M. Best rate insurance
companies (a combination of objective and subjective considerations). They will also address issues faced by rated
Companies, as well as issues faced by the rating agencies themselves.
This session will also be held on Tuesday, March 19, 10:15 - 11:45
15:30-17:00
12
PD
ICA
Galactic 1
Social Security Reform in Developing Countries - the Evolution of Defined Contribution Solutions
Organized by the IAA´s Committee on Social Security
Chairman: Michael Sze (USA)
Panelists:
• Joshua Bank (USA)
• Rosa Maria Farell (Mexico)
• Alejandro Ferreiro (Chile)
• Yves Guérard (Canada)
• Stuart Leckie (Hong Kong)
• Juan Carlos Padilla (Mexico)
This session will start with Alejandro Ferreiro providing a critical assessment of how the defined contribution approach has worked in Chile. This is followed by critiques of the DB/DC approaches using some developing countries
as examples. The speakers will provide insight on the reasons for the choice of the funding mechanism in their countries and the consequence of the choice. The emphasis is on innovative approaches used, and the problems encountered.
Juan Carlos Padilla and Rosa Maria Farell will focus on the Mexican solution. Yves Guérard and Stuart Leckie will
provide insight into the Chinese approach. Joshua Bank will assess South America reforms. Michael Sze will analyze
the pension reforms in the former Soviet countries, with special focus on Kazakhstan.
15:30-17:00
13
PP
ICA
Star 7 & 8
Chairman: Peter Clark (U.K.)
Speakers:
• Cristina Mano, Elena Rasa (Brazil), “A discussion of modelling techniques for personal lines pricing”
• Werner Hürlimann (Switzerland), “Fitting bivariate cumulative returns with copulas”
• Vsevolod K. Malinovskii (Russia), “On risk reserve conditioned by ruin”
15:30-17:00
14
PP
AFIR
Galactic 7
Papers on Financial Planning
Chairman: Motoyuki Terasaka (Japan)
Speakers:
• P.R. Archer-Loch, A.J. Czernoszewicz, N.R. Gillott, P.H. Hinton, D. Ibeson, S.A. Malde, D.Paul, J.P. Ryan, N. Shah
(U.K.), “Financial Condition Assessment”
• Harry Panjer (Canada), “Measurement of Risk, Solvency Requirements and Allocation of Capital within
Financial Conglomerates”
• Shaun S. Wang (USA), “A Risk Measure that goes Beyond Coherence”
11
MONDAY, MARCH 18
15:30-17:00
15
PD
IHS
Jupiter 1 & 2
Chairman: Ermanno Pitacco (Italy)
Panelists:
• Enne Osinga (The Netherlands)
• Ermanno Pitacco (Italy)
• Helga Riedel (Germany)
Will focus on products with the goal of providing actuaries with practical information on what it takes to make the
product a business success (growth, market share, profits).
15:30-17:00
16
PD
IHS
Jupiter 3 & 4
Chairman: Jeroen Breen (The Netherlands)
Panelists:
• Jeroen Breen (The Netherlands)
• Mike Lombardi (Canada)
• Hélène Pouliot (Canada)
• Erich Schneider (Germany)
15:30-17:00
17
PD
IHS
Jupiter 5 & 6
Critical Issues in Managing Critical lllness Insurance
Chairman: Darrell Spell
Panelists:
• Darrell Spell
• Peter Temple (South Africa)
• Peter Turvey (U.K.)
12
TUESDAY, MARCH 19
MONDAY, MARCH 18
15:30-17:00
18
PP
IHS
Star 1
Integration of Public and Private Sectors
Chairman: Giovanna Ferrara (Italy)
Speakers:
• Howard Bolnick (USA), “Designing a World-Class Health Care Financing System”
• Alvaro Castro Gutiérrez (ILO), “Funding Health Care”
• Edward Reiche (Singapore), “Social Security and Private Health Insurance in Tandem in Singapore”
TUESDAY, MARCH 19
8:30-10:00
19
PD
ICA
Galactic 1
Innovative Solutions to Social Security Funding Problems in Developed Countries
Organized by the IAA´s Committee on Social Security
Chairman: Hillevi Mannonen (Finland)
Panelists:
• Bengt von Bahr (Scandinavia)
• Chris Daykin (U. K.)
• Ron Gebhardtsbauer (USA)
• Helen Martin (Australia)
This session concentrates on innovative approaches to social security reforms using efforts in four developed countries
as examples. Each speaker will also discuss how actuaries have contributed to the process.
Chris Daykin will discuss the partnership of public and private pensions developed in the United Kingdom. Bengt von
Bahr will explain the innovations in the Swedish approach. Helen Martin will report on how actuaries have participated
in the pension reform in Australia.
Ron Gebhardtsbauer will provide a critical assessment of the recent social security studies in the United States, and
how actuaries participate in the process.
8:30-10:00
20
PD
ICA
Galactic 2
International Accounting Standards - Property & Casualty
Organized by the IAA´s Committee on International Accounting Standards
Chairman: Sam Gutterman (USA)
Panelists:
• Ralph Blanchard (USA)
• Francis Ruygt (The Netherlands)
Extensive discussion is now underway in the development of international accounting standards for insurance contracts through the International Accounting Standards Board. This session will explore these developments from the
perspecitive of a property & casualty insurer. In addition, current efforts in the IAA’s development of actuarial standards with respect to accounting for insurers will be covered.
A similar session focused on Life will be held on Thursday, March 21, 15:30 - 17:00
13
TUESDAY, MARCH 19
8:30-10:00
21
PD
ICA
Jupiter 1 & 2
Finite and Alternative Risk Transfer Approaches in the International Arena
Organized by the Casualty Actuarial Society
Chairman: Abbe Sohne Bensimon (USA)
Panelists:
• Tobias Povel (Germany)
• Milan Vukelic (U.K.)
Increasingly popular are sophisticated risk management techniques that allow ceding corporations to retain more risk
than can be achieved through conventional insurance contracts, while efficiently protecting the earnings statement and
balance sheet. Two key areas covered in this session will be finite risk reinsurance and contingent capital solutions.
One panelist will provide an international overview on finite risk reinsurance, discussing: (1) the basic structures being
employed, (2) finite’s cross border opportunities and applications (including accounting arbitrage, tax implications,
political risk, and benefits for multinational corporations), and (3) the regulations and accounting rules which may
come into play.
The other panelist will present an example of how a corporation can be indemnified for loss, not through insurance, but
rather a contingent capital arrangement. He will use a real-life example to demonstrate how a loss-triggering event can
inject new capital funding into a corporation, what considerations affect its pricing, what impact it has on a corporation’s
financials, and what advantages and disadvantages there are relative to insurance.
This session will also be held on Tuesday, March 19, 12:00-13:30
8:30-10:00
22
PD
ICA
Jupiter 3 & 4
Non-U.S. Liability Insurance: Pricing and Reserving Challenges
Chairman: Michael E. Angelina (USA)
Panelists:
• Michael Bayard Smith (USA)
• James Maher (USA)
As more insurers and reinsurers enter into the reinsurance of international exposures, U.S. actuaries are beginning to
address the many pricing and reserving challenges of overseas countries. There are differences in the available data,
benchmarks, and current nonactuarial practices in various regions of the globe. This session will focus on pricing
international exposures, reserving issues in other countries, as well as the difficulties faced securing reinsurance for
non-U.S. exposures. Also covered will be an approach to estimating size of loss distributions for non-U.S. risk.
This session will also be held on Tuesday, March 19 , 15:00 - 16:30
8:30-10:00
23
PP
ICA
Chairman: Jean-Louis Massé (Canada)
Speakers:
• Enrique de Alba, Roberto Bonilla (Mexico), “A Model for the Case When Negative Values are Present in the
Development Triangle Used for Estimation of Claims Reserves (IBNR)”
• Louis G. Doray (Canada), “Number of IBNR Claims and Multivariate Compound Poisson Distribution”
• Svetlana Dudkina (Estonia), “Policy-based IBNR Calculation Method”
14
Star 2
TUESDAY, MARCH 19
8:30-10:00
24
PP
ICA
Marte
Papers on Health
Chairman: Robert Brown (Canada)
Speakers:
• Doug Andrews (Canada), “Mitigating the Impact of Raising Health Care Costs in Canada: A Discussion of
Partial Prefunding Alternatives”
• Erling Falk, Reidunn Falk (Norway), “Some Considerations on Health Insurance Premium Rates”
• Maria Cristina Gutierrez Delgado (U.K.), “Financial Impact on Premiums in the Individual Income
Protection Insurance when Adjusted by Initial Selection”
• Tatjana Racic - Zlibar (Croatia), “Modeling Expenditures for Private Health Insurance in Croatia”
• Galina V. Tchernova, A. Kudryavtsev (Russia), “Risk Process Construction for Health Insurance”
8:30-10:00
25
PP
AFIR
Galactic 7
Papers on Options in Life Insurance
Chairman: Martin Balleer (Germany)
Speakers:
• Ana Rita Bacinello (Italy), “Fair valuation of the Surrender Option Embeded in a Guaranteed Life Insurance
Participating Policy”
• Thomas Moller (Denmark), “On Valuation and Risk Management at the Interface of Insurance and Finance”
• Mogens Steffensen (Denmark), “Control by Interventions in Life and Pension Insurance”
• Wojciech Szatzschneider (Mexico), “Environment and Finance ”
8:30-10:00
26
PD
IHS
Star 8
Chairman: Jeroen Breen (The Netherlands)
Speakers:
• Jeroen Breen (The Netherlands)
• Mike Lombardi (Canada)
• Hélène Pouliot (Canada)
• Erich Schneider (Germany)
This session will also be held on Monday, March 18, 15:30 - 17:00
8:30-10:00
27
PD
IHS
Star 7
Chairman: Darrell Spell
Panelists:
• Darrell Spell
• Peter Temple (South Africa)
• Peter Turvey (U.K.)
15
TUESDAY, MARCH 19
8:30-10:00
28
PD
IHS
Jupiter 5 & 6
Critical Issues in Managing Supplemental Private Medical Indemnity Insurance
Chairman: Rainer Fürhaupter (Germany)
Panelists:
• Ricardo Casares (Mexico)
• Rainer Fürhaupter (Germany)
• Aisling Kennedy (Ireland/U.K.)
8:30-10:00
29
PP
IHS
Star 1
Health Risk Adjustment
Chairman: Ibrahim Muhanna (Lebanon and Cyprus)
Speakers:
• John Bertko (USA), “Health Systems in the U.S.”
• Enne Osinga (The Netherlands), “How Insurers are Compensated by Government and/or Insurance Premiums
for Extra Health Risks in the Netherlands”
• Brent Walker (Australia), “Health Systems in Australia”
10:15-11:45
30
PD
ICA
Galactic 1
Impact of Globalization in the Actuarial Profession - Property & Casualty
Organized by the Canadian Institute of Actuaries
Chairman: David Oakden (Canada)
Panelists:
• Manuel Aguilera (Mexico)
• David Oakden (Canada)
• John Ryan (Canada)
Manuel Aguilera will cover the impacts of globalization from regulator´s point of view, John Ryan will provide the
consultant and broker perspective and David Oakden will discuss the impact of globalization on the Canadian P&C
Insurance market.
A similar session focused on Life will be held on Friday, March 22, 9:00 - 10:30
16
TUESDAY, MARCH 19
10:15-11:45
31
PD
ICA
Galactic 2
Panelists:
• Karen L. Davies (USA)
• Matthew C. Mosher (USA)
The panelists will discuss the role of rating agencies around the world and how Moody’s and A.M. Best rate insurance
companies (a combination of objective and subjective considerations). They will also address issues faced by rated
Companies, as well as issues faced by the rating agencies themselves.
10:15-11:45
32
PD
ICA
Jupiter 1 & 2
Chairman: Timothy P. Aman (USA)
Panelists:
• Robert Porter (U.K.)
• Mark Cravens (U.K.)
• Fernando Otero (Dominican Republic)
This session will feature panelists who deal with the practical applications of catastrophe models and their implications
on a daily basis. The panelists will take a pragmatic view emphasizing data requirements and international market
standards, risk management and reinsurance buying practices, and reinsurance pricing.
10:15-11:45
33
PD
ICA
Jupiter 3 & 4
Latent Exposures
Chairman: Jennifer L. Biggs (USA)
Panelists:
• Raja R. Bhagavatula (USA)
• Bruce D. Fell (USA)
A significant portion of the session will be devoted to asbestos litigation, which has been described by the U.S. Supreme Court as an “elephantine mass.” The panelists will discuss the recent increases in personal injury claim filings
and awards, defendant bankruptcies, and the spread of the litigation to peripheral defendants.
The panelists will provide an update on pollution liabilities (whose estimated ultimate costs have now been surpassed
by asbestos liabilities) and provide information regarding newly emerging torts such as lead, tobacco, and mold.
Finally, the panelists will offer insights regarding the potential effects of liabilities from latent exposures on the balance sheet and value of insurers and reinsurers.
17
TUESDAY, MARCH 19
10:15-11:45
34
PP
ICA
Star 2
Chairman: TBD (Denmark)
Speakers:
• Robert L. Brown (Canada), “Security for Social Security: Is Pre-Funding the Answer?”
• Barry Kozak (USA), “Social Security Privatization: Using a target benefit approach for Individual accounts”
• Luis Alberto Martínez Martínez (Panama), “Capitalized Saving Accounts for the Retirement vs. Social Security
Pension Systems”
10:15-11:45
35
PP
ICA
Star 7
Papers on Professionalism
Chairman: Tor Eivind Hoyland (Norway)
Speakers:
• Alan Fishman (U.K.), “The UK Profession´s Social Policy Board. A Unique Step into the New Millennium”
• David Martin (U.K.), “Compliance Review”
• Takayuki Nagasawa , Ryo Matsubara (Japan), “The roles and responsibilities of the Certified Pension Actuaries in
Japanese Corporate Pension Schemes. Legal and Practical Viewpoints”
10:15-11:45
36
PP
AFIR
Galactic 7
Some Useful Theory
Chairman: Tony Coleman (Australia)
Speakers:
• R.S. Clarkson (U.K.), “A Fractal Probability Distribution for Financial Risk Applications”
• Mahmoud Hamada, Michael Sherris (Australia), “Contingent Claim Pricing using Probability Distortion Operators”
• Hidetoshi Nakagawa (Japan), “A Case Study of Operational Risk Measurement based on Loss Distribution
Approach”
• Shaun S. Wang (USA), “Equilibrium Pricing Transforms: New Results of Buhlmann`s 1980 Economic Model ”
10:15-11:45
37
PD
IHS
Star 1
Chairman: Ermanno Pitacco (Italy)
Panelists:
• Enne Osinga (The Netherlands)
• Ermanno Pitacco (Italy)
• Helga Riedel (Germany)
18
TUESDAY, MARCH 19
10:15-11:45
38
PD
IHS
Jupiter 5 &6
Critical Issues in Managing Full Coverage Medical Indemnity and Managed Care
Chairman: Jay Boekhoff (USA)
Panelists:
• David Axene (USA)
• Shaun Matisonn (South Africa)
• Michel Sudbrack (Germany)
10:15-11:45
39
PD
IHS
Marte
International Issues in Private Sector Health Insurance Supervision
Chairman: Robert Wilcox (USA)
Panelists:
• Norma Alicia Rosas (Mexico)
• Brent Walker (Australia)
• Robert Wilcox (USA)
This session will cover the main issues involved in the Health Business Supervision from the Mexican, North American and Australian perspectives.
10:15-11:45
40
PP
IHS
Star 8
Health-Care Financing Systems
Chairman: Yair Babad (Israel)
Panelists:
• Yair Babad, Tuvia Horev (Israel), “The Israeli Health Care System - From Health Funds to a National Health
Insurance Law”
• Rainer Fürhaupter (Germany), “Adjustment in a Fully-Funded System”
• Erich Schneider (Germany), “The Main Features of the German Private Health Insurance”
12:00-13:30
41
PD
ICA
Galactic 1
Mutual Recognition
Organized by the North American Council of Presidents and the IAA´s Committee on Professionalism
Panelists:
• Fraser Low (U.K.)
• Dan McCarthy (USA)
19
TUESDAY, MARCH 19
Fraser Low will talk about the European experience of mutual recognition agreements. Dan McCarthy will address the
same issues from a North American point of view. Ma. Angeles Felipe will address the issues from the point of view of
a country subject to a Napoleonic Code.
This session will also be held on Friday, March 22, 10:45 - 12:15
12:00-13:30
42
PD
ICA
Galactic 2
Challenges and Opportunities for our Profession in Actuarially Developing Countries
Organized by the IAA Committee on Advice and Assistance
Chairman: Robert Collet (USA)
Panelists:
• Tom Karp (Australia)
• Ibrahim Muhanna (Lebanon and Cyprus)
• Gail Ross (USA)
This session is aimed at attendees from actuarially developing nations (and to a lesser extent, outsiders who may
practice there), who for the most part will be very bright, but not necessarily very sophisticated in their actuarial
knowledge. Also, the environment, both consumer and regulatory, may be immature (or maybe not) or in a state of flux.
Attendees will benefit from comments on special problems faced by such countries, innate challenges in general insurance, reinsurance issues (including post-September 11), global trends, etc.
12:00- 13:30
43
PD
ICA
Star 1
Finite and Alternative Risk Transfer Approaches in the International Arena
Chairman: Abbe Sohne Bensimon (USA)
Panelists:
• Tobias Povel (Germany)
• Milan Vukelic (U.K.)
Increasingly popular are sophisticated risk management techniques that allow ceding corporations to retain more risk
than can be achieved through conventional insurance contracts, while efficiently protecting the earnings statement and
balance sheet. Two key areas covered in this session will be finite risk reinsurance and contingent capital solutions.
One panelist will provide an international overview on finite risk reinsurance, discussing: (1) the basic structures being
employed, (2) finite’s cross border opportunities and applications (including accounting arbitrage, tax implications,
political risk, and benefits for multinational corporations), and (3) the regulations and accounting rules which may
come into play.
The other panelist will present an example of how a corporation can be indemnified for loss, not through insurance, but
rather a contingent capital arrangement. He will use a real-life example to demonstrate how a loss-triggering event can
inject new capital funding into a corporation, what considerations affect its pricing, what impact it has on a corporation’s
financials, and what advantages and disadvantages there are Relative to insurance.
20
TUESDAY, MARCH 19
12:00-13:30
44
PD
ICA
Star 2
Latent Exposures
Chairman: Jennifer L. Biggs (USA)
Panelists:
• Raja R. Bhagavatula (USA)
• Bruce D. Fell (USA)
A significant portion of the session will be devoted to asbestos litigation, which has been described by the U.S. Supreme Court as an “elephantine mass”. The panelists will discuss the recent increases in personal injury claim filings
and awards, defendant bankruptcies, and the spread of the litigation to peripheral defendants.
The panelists will provide an update on pollution liabilities (whose estimated ultimate costs have now been surpassed
by asbestos liabilities) and provide information regarding newly emerging torts such as lead, tobacco, and mold.
Finally, the panellists will offer insights regarding the potential effects of liabilities from latent exposures on the
balance sheet and value of insurers and reinsurers.
12:00-13:30
45
PP
ICA
Jupiter 1 & 2
Chairman: Jukka Rantala (Finland)
Speakers:
• Claudia Feria Cuevas (Mexico), “Globalization and the Pension Systems: The case of U.K.”
• Carlos Pereira da Silva, Joaquim Cadete, Joao Pedro Nunes (Portugal), “The immunization of a workers’ compensation fund”
• Motohiko Sugiyama, Mitsunori Ide, Akira Konishi (Japan), “The Status Quo and the Future of the Public Pension
System in Japan”
12:00-13:30
46
PP
ICA
Jupiter 3 & 4
Papers on Education
Chairman: Rosa Maria Farell (Mexico)
Speakers:
• S.N. Bhattacharya (India), “Actuarial Profession - its Risks and Re-Orientation”
• C. D. Lyn, M.T. Palandra, C.D. Daykin (Canada, U.K.), “Actuarial Education - The Business Element”
• Ermanno Pitacco (Italy), “Actuarial Education”
12:00-13:30
47
PP
AFIR
Star 7
Papers on Interest Rate Modeling and Portfolio Selection
Chairman: Joubert Ferreira (South Africa)
Speakers:
• Gyöngyi Bugár, Raimond Maurer (Hungary, Germany), “International Equity Portfolios and Currency
Hedging: The Perspective of German and Hungarian Investors”
21
TUESDAY, MARCH 19
• Werner Hürlimann (Switzerland), “An Alternative Approach to Portfolio Selection”
• Jacques Janssen, Raimondo Manca, Ernesto Volpe di Prignano (Belgium, Italy), “Non Homogeneous Interest Rate
Structure in a Semi-Markov Framework”
• Wojciech Szatzschneider (Mexico), “Comments about CIR model as a part of a financial market ”
12:00-13:30
48
IS
IHS
Galactic 7
PD
IHS
Star 8
State-of-the-Art Modeling Techniques
Chairman: TBD
Speaker :
• Dr. Steven Habermann (U.K.)
12:00-13:30
49
Critical Issues in Managing Supplemental Private Medical Indemnity Insurance
Chairman: Rainer Fürhaupter (Germany)
Speakers :
• Ricardo Casares (Mexico)
• Rainer Fürhaupter (Germany)
• Aisling Kennedy (Ireland/U.K.)
12:00-13:30
50
PD
IHS
Jupiter 5 & 6
Critical Issues in Managing Full Coverage Medical Indemnity and Managed Care
Chairman: Jay Boekhoff (USA)
Panelists:
• David Axene (USA)
• Shaun Matisonn (South Africa)
• Michel Sudbrack (Germany)
Will focus on products with the goal of providing actuaries with practical information on what i t takes to make the
12:00-13:30
51
PD
International Issues in Private Sector Health Insurance Supervision
Chairman: Robert Wilcox (USA)
Speakers:
• Norma Alicia Rosas (Mexico)
22
IHS
Marte
TUESDAY, MARCH 19
• Brent Walker (Australia)
• Robert Wilcox (USA)
This session will cover the main issues involved in the Health Business Supervision from the Mexican, North American and Australian perspectives.
13:30-15:00
52
L
AFIR
Galactic 8
Lunch with Keynote Speaker
Risk Management in Insurance
Keynote Speaker: Manuel Aguilera (Mexico), President of the International Association of Insurance Supervisors and
President of the Mexican Insurance Commission.
15:00-16:30
53
RP
ICA
Galactic 1
Professionalism
Organized by the American Academy of Actuaries
Actuarial professionalism rests on three pillars: qualifications to provide professional services, adherence to the
profession’s standards of practice and compliance with ethical standards. We will explore these fundamental concepts
through a mock counseling and disciplinary hearing involving pensions with an international twist.
This session will also be held on Thursday, March 21, 13:45 – 15:15
15:00-16:30
54
PD
ICA
Galactic 7
Insurance Regulation of General Insurance Companies
Panelists:
• Manuel Aguilera (Mexico)
• Jukka Rantala (Finland)
• A representative of the IAA Subcommittee on Developing Actuarial Standards for the proposed IASB Insurance
Accounting Standard
This session will:
• Present the perspective of the IAIS on the role of the actuary in prudential supervision of general insurance companies.
• Present the IAA paper on the role of the actuary in prudential supervision from a general insurance perspective.
• Present the key findings of the IAA Working Party´s paper on the solvency assessment of insurers, which will be
available on the IAA website in February, as well as the development of an international risk-based capital framework.
• Update on the development of international actuarial standards.
23
TUESDAY, MARCH 19
15:00-16:30
55
PD
ICA
Star 1
Chairman: Timothy P. Aman (USA)
Panelists:
• Mark Cravens (U.K.)
• Robert Porter (U.K.)
• Fernando Otero (Dominican Republic)
This session will feature panelists who deal with the practical applications of catastrophe models and their implications
on a daily basis. The panelists will take a pragmatic view emphasizing data requirements and international market
standards, risk management and reinsurance buying practices, and reinsurance pricing.
15:00-16:30
56
PD
ICA
Star 2
Non-U.S. Liability Insurance: Pricing and Reserving Challenges
Chairman: Michael E. Angelina (USA)
Panelists:
• Michel Bayard Smith (USA)
• James Maher (USA)
As more insurers and reinsurers enter into the reinsurance of international exposures, U.S. actuaries are beginning to
address the many pricing and reserving challenges of overseas countries. There are differences in the available data,
benchmarks, and current nonactuarial practices in various regions of the globe. This session will focus on pricing
international exposures, reserving issues in other countries, as well as the difficulties faced securing reinsurance for
non-U.S. exposures. Also covered will be an approach to estimating size of loss distributions for non-U.S. risk.
15:00-16:30
57
PP
ICA
Jupiter 1 & 2
Chairman: Marie-Louise Wenander (Sweden)
Speakers:
• Robert L. Brown (Canada), “Impacts on Economic Security Programs of Rapidly shifting Demographics”
• Chiu-Cheng Chang (Taiwan), “A Dynamic Social Security System in Unison with Demographic and Lifestyle
Changes”
• Timo Korpela, Antero Ranne (Finland), “Measuring the Average Retirement Age”
• Ana Vicente Merino, Irene Albarrán Lozano (Spain), “The Flexibility of the Retirement Age in the Social Security
System through Actuarial Coefficients”
24
THURSDAY, MARCH 21
TUESDAY, MARCH 19
15:00-16:30
58
PP
ICA
Jupiter 3 & 4
Chairman: TBD (Switzerland)
Speakers:
• Abraham Hernández (Mexico), “The Dutch-Cappuccino Model as a fortifying scheme to the Pension system in
Mexico”
• Emma Margarita Izquierdo, Ma. Del Carmen Fernández Reyes (Mexico), “Analisys of the Life, Disability and
Worker`s Compensation Insurance in the New Social Security Law”
• Pierre Plamondon, Denis Latulippe, Réjane Monette (Canada), “Un défi pour les régimes publics de pension:
s’adapter au changement”
15:00-16:30
59
PP
ICA
Jupiter 5 & 6
Chairman: Simon van Vuure (The Netherlands)
Speakers:
• Francisco Miguel Aguirre Farías (Mexico), “Optimal Cash-Flow Premiums”
• Massimo Angrisiani (Italy), “Equilibrium in a Pay-As-You-Go System and with Contributory Pension”
• Elizabeth Calleja Rosas, Carmen Rábago Martínez, José Muriel Delsordo, Alfredo Villas Cabró (Mexico), “Demographic and
Actuarial Forecast Method with Changes in Population over time, a Matritial Approach”
15:00-16:30
60
AFIR
61
IHS
Star 7
General Assembly
15:00-16:30
Galactic 2
Closing Ceremony
Concurrent Session Reports and Discussion: Seminar Co-Chairmen Howard Bolnick (USA), Ibrahim Muhanna (Lebanon and
Cyprus) and Edward J. Levay (U.K.).
• Chairmen provide short reports on their concurrent sessions.
• A summary of National Reports will be prepared and presented.
• Discussion of future plans for international health actuarial activities.
• The Seminar Co-Chairmen will make their closing remarks.
THURSDAY, MARCH 21
8:45-10:30
62
L
ASTIN
Galactic 2
Opening Ceremony and Keynote Speaker
Property and Casualty Insurance in the 21 st Century
Keynote Speaker: Nikolaus von Bomhard (Germany), Member of the Board of Munich Reinsurance Company
25
THURSDAY, MARCH 21
9:00-10:30
63
PD
ICA
Galactic 7
Organized by the IAA’s Education Committee
Panelists:
• Clare Bellis (Australia)
• Jan Dhaene (Belgium)
The IAA’s Education Committee will begin this session by reviewing the historical development of the steps towards actuarial
education within the IAA and the Groupe Consultatif. Current systems in place around the world will be examined, including
recent projects between the U.S. and the United Kingdom. The session will conclude with a debate on possible future developments.
The panelists will discuss:
• The use of the Actuarial Control Cycle in developing key actuarial application concepts and its delivery internationally.
• The links between a possible QRA qualification and foundation actuarial skills.
• The role of the national association particularly in university based systems.
• The role of CPD in extending the skills of an actuary on qualification. The role of practical work experience might also be
covered here.
9:00-10:30
64
PD
ICA
Galactic 1
The Actuarial Role and the Organizational and Operational Paradigm in an Insurance Company
Speakers:
• Jordi Ballesteros (Spain)
• Pedro Olmos (Spain)
To show the evolution of the actuarial function from a traditional approach (based on product differentiation) to an approach
based on the actuarial function shared by all the technical areas of the insurance company.
9:00-10:30
65
PD
ICA
Galactic 8
Differences in Employee Benefits Accounting Principles
Organized by the IAA´s Committee on Accounting Standards for Employee Benefits and IACA
Chairman: Paul Thornton (U.K.)
Panelists:
• John Beaton
• Mike Codron (Sudafrica)
• David Coronel
• David Cule
• Marcela Flores (Mexico)
• Ryo Matsubara (Japan)
This will give us a good worldwide perspective. Paul Thornton is planning to make a distinction between the presentations of
major accounting standards, and observations from others as to how these apply in their territories.
26
THURSDAY, MARCH 21
10:45-12:15
66
PD
ICA
Galactic 1
Panelists:
• Robert Brown (Canada)
• Jeremy Goford (U.K.)
• Oliva Sánchez (Mexico)
The IAA’s Education Committee will begin this session by reviewing the historical development of the steps towards actuarial
education within the IAA and the Groupe Consultatif. Current systems in place around the world will be examined, including
recent projects between the U.S. and the United Kingdom.
A panel representing the three different types of education system will present their systems and discuss them in the context of
the paper presented in Session Part One.
10:45-12:15
67
PP
ICA
Galactic 8
Bancassurance (Part I)
Organized by the Society of Actuaries
Chairman: Jim Toole (USA)
Panelists:
• Pierre Arnal (France)
• Kin Chung Chan (Hong Kong)
• Maria Thompson (USA)
• Fernando Ulloa (Chile)
Organized by the Society of Actuaries (SOA), this session will focus on the international experience with respect to relations
between banks and insurance companies. The discussions and presentations will highlight the most successful products, distribution strategies, and potential drawbacks of selling insurance through the bank channel.
10:45-12:15
68
PD
ICA
Star 2
Project Management for International Consulting
Organized by IACA
Chairman: Werner Gassner (Germany)
Panelists:
• Ron Akhurst (U.K.)
• Paule Desaulniers (Canada)
• Johan Heymans ( Belgium)
• Tony Mason (U.K.)
• Aisling Kennedy (Ireland)
Four of the panelists will talk about different aspects of project management and the particular challenges when the project
covers several countries and cultures, and the last one will summarise and talk about changes that are happening or that need to
happen.
27
THURSDAY, MARCH 21
10:45-12:15
69
PP
ICA
Galactic 7
Papers on Life
Chairman: TBD (India)
Speakers:
• Michel Abbink, Ron Akhurst, Nobushi Mitsuishi, Alan Rae (U.K., Japan), “Financial Economic Valuation and the Fair
Value
of Japanese Life Insurance Business”
• Mary Hardy (Canada), “Investment Guarantees in Equity Linked Insurance: The Canadian Approach”
• Neil Taverner (U.K.), “Mergers and Acquisitions in Life Insurance”
10:45-12:15
70
PP
ICA
Jupiter
Papers on Mortality
Chairman: Harry Panjer (Canada)
Speakers:
• John Armstrong, David Harney, Tony Jeffery, Aidan O´Donnell, Frank O´Neill, Duncan Walsh (Ireland),
“Population Mortality and Morbidity in Ireland - A summary of the Report of the Working Party”
• Peter Fledelius, Jens Perch Nielsen (Denmark), “Prediction of Mortalities: A Comparative Danish Study”
• Gaida Pettere (Latvia), “Mortality Research in Latvia”
10:45-12:15
71
PP
ICA
Star 1
Papers on Credit Risk
Chairman: Robert T. Conger (USA)
Speakers:
• Francisco Chong Luna (Mexico), “Financial Engineering Tools Applied to Deposit Insurance Pricing and Bank
Rankings according to Credit Risk”
• Javier Gutiérrez García, Jesús Alan Elizondo Flores (Mexico), “Credit Risk: The Actuarial Vision”
• Rodica Simón Sauri (Mexico), “Evaluation of the risk when giving credit to the microenterprises”
10:45-12:15
72
PP
ASTIN
Galactic 2
A Dynamic Financial Analysis of the Effect of Growth on Property Liability Insurers
Chairman: Paul Thornton (U.K.)
Speaker: Stephen P. D’Arcy (USA)
Dynamic Financial Analysis (DFA) represents a new area of study for insurance researchers, an area requiring new
tools and new expertise. The speaker will propose to utilize the public access DFA model to analyze the effect of
growth on property-liability insurers.
28
THURSDAY, MARCH 21
13:45-15:15
73
RP
ICA
Jupiter 1 &2
Professionalism
Organized by the American Academy of Actuaries
Actuarial professionalism rests on three pillars: qualifications to provide professional services, adherence to the
profession’s standards of practice and compliance with ethical standards. We will explore these fundamental concepts
through a mock counseling and disciplinary hearing involving pensions with an international twist.
13:45-15:15
74
WS
ICA
Galactic 8
Bancassurance (Part II)
Chairman: Jim Toole (USA)
Panelists:
• Pierre Arnal (France)
• Kin Chung Chan (Hong Kong)
• Maria Thompson (USA)
• Fernando Ulloa (Chile)
This session will serve as a follow up discussion opportunity to the bancassurance session. Participants will be able to
ask questions in a more informal round-table approach, of the experts from the US, Latin America, Asia and Europe.
13:45-15:15
75
PP
ICA
Galactic 1
Papers on Life
Chairman: Masaaki Yoshimura (Japan)
Speakers:
• Yoshio Oomori, Yuuji Ide, Noboyuki Murai, Takafumi Matsumura (Japan), “Reducing Insolvency by Asset Mix of
Life Insurance Company”
• Michael Pannenberg , Volker Stieglitz (Germany), “Asset Liability Management and Product Design in German
Life Assurance ”
• Mike Shelley (U.K.), “Regulation of UK Life Insurers by appointed actuaries monitoring policyholder’s reasonable expectations ”
13:45-15:15
76
PP
ICA
Star 1
Papers on Mortality
Chairman: Dave Pelletier (Canada)
Speakers:
• Bob Dorrington, David Schneider (South Africa),“Fitting the ASSA2000 urban-rural AIDS and Demographic
model to 10 sub-Saharan countries”
• Peter Fledelius, Montserrat Guillén, Jens Perch Nielsen, Michael Vogelius (Denmark, Spain), “Two-Dimensional
Hazard Estimation for Longevity Analysis”
• Anna Maria Olivieri, Ermanno Pitacco (Italy), “Inference About Mortality Improvements in Life Annuity Portfolios ”
• S. B. Rosenberg, L. F. Johnson, D. H. Schneider and R.E. Dorrington (South Africa), “ASSA Multi-State Select
Population AIDS Model”
29
THURSDAY, MARCH 21
13:45-15:15
77
PP
ICA
Galactic 7
Papers on Pensions
Chairman: Fraser Low (U.K.)
Speakers:
• Leslie Gray, David Riddington (U.K.), “Extending Retirement Choices”
• Kyrre Fossum Pedersen, Magne Nilsen (Norway), “Method for Calculating Disability Pension Premiums”
• Martin Lunnon (U.K.), “Annuitisation and alternatives”
13:45-15:15
78
PP
ASTIN
Galactic 2
Papers Presentation
Chairman: Kurt Wolfsdorf (Germany)
Speakers:
• P. Gigante, L. Picech, L. Sigalotti (Italy), “Rate making and large claims”
• Jacques Janssen, Raimondo Manca (Belgium, Italy), “General Actuarial Models in a Semi - Markov Environment”
• Ricardo Tagliafichi (Argentina), “Betas calculated with Garch models provides new parameters for a Portfolio
selection with an Efficient Frontier”
15:30-17:00
79
PD
ICA
Galactic 7
International Accounting Standards - Life
Organized by the International Accounting Standards Committee
Chairman: Sam Gutterman (USA)
Panelists:
• Nigel Masters (U.K.)
• Paul McCrossan (Canada)
• Jose Mendez (Mexico)
Extensive discussion is now underway in the development of international accounting standards for insurance contracts through the International Accounting Standards Board. This session will explore these developments from the
perspecitive of a life insurer. In addition, current efforts in the IAA’s development of actuarial standards with respect to
accounting for insurers will be covered.
A similar session focused on Property & Casualty will be held on Tuesday, March 19, 8:30 - 10:00
15:30-17:00
80
Life Reinsurance
Chairman: Edward Robbins (USA)
Panelists:
• David Atkinson (USA)
• Reinhard Dehlinger (Germany)
• John Tiller (USA)
30
PD
ICA
Galactic 1
THURSDAY, MARCH 21
This panel discussion will deal with current developments in the Life Reinsurance environment that should be of
interest to participants worldwide. The common form of financial reinsurance and its applications, including both
retrospective and prospective forms, will be discussed.
The increased potential of cross-border reinsurance will be examined in some details with some discussion of the
recent reduction of regulatory barriers.
Finally the use of reinsurance as a capital restructure optimization tool will be compared to debt and equity approaches.
15:30-17:00
81
L
ICA
Galactic 8
Impact of Global Demographic Changes in Retirement Systems
Organized by the American Society of Pension Actuaries and the Conference of Consulting Actuaries
Chairman: Curtis Huntington (USA)
Speakers:
• Curtis Huntington (USA)
• John Haley (USA)
There have been significant recent world-wide shifts in the shape of populations as well as over-all mortality improvements. The implications of these changes on projections of costs of retirement systems, including the integration of
public and private benefit systems, and the challenges to the actuarial community of first studying and then communicating meaningful results will be explored.
15:30-17:00
82
PP
ICA
Star 7
Papers on Life
Chairman: TBD (Denmark)
Speakers:
• Jan Dhaene, Henk Wolthuis, Michel Denuit, Marc Goovaerts (Belgium), “Risk and Savings Contracts”
• Javier Fernando Rodríguez Corredor, Jaime Abel Huerta Campos (Colombia), “Temporary Insurance with Growing Monthly Benefits”
• Mike Wadsworth, Alec Findlater (U.K.), “Reinventing Annuities”
• Michal Zienkiewicz (Poland), “Methods of endowment Insurance contracts indexation in Poland coping with
inflation”
15:30-17:00
83
PP
ICA
Star 1
Papers on Pensions
Chairman: Erik Falk (Norway)
Speakers:
• Isabel Casares San José-Martí (Spain), “Economic Approach on Pensions Commitments Valuation”
• Jan B. Kuné (The Netherlands), “An Inquiry into the Basics of Pension Finance”
• Lisa A.Larsen (USA), “Designing an International Pension Program for Mobile Employees”
15:30-17:00
84
PP
ICA
Star 2
Papers on Financial Risk
Chairman: Dan Tess (Australia)
31
THURSDAY, MARCH 21
FRIDAY, MARCH 22
Speakers:
• Erik Bølviken (Norway), “Stochastic volatility: Modeling the latent process empirically”
• David Bowie (Scotland), “Strategy, Structure and Selection”
• Víctor Manuel Jiménez Escobar (Mexico), “Testing the Stability of the Components Explaining Changes of the
Yield Curve in Mexico. A Principal Component Analysis Approach”
• Simon Perry, Stuart Robinson, John Rowland (U.K.), “A Study of Mortgage Prepayment Risk”
15:30-17:00
85
PP
ASTIN
Galactic 2
Papers Presentation and ASTIN General Assambly
Chairman: Mario Beltrán (Mexico)
• Yury Krvavych (Ukraine), “On arbitrage opportunities on some types of financial market defined by fractional
Brownian motion”
FRIDAY, MARCH 22
9:00-10:30
86
PD
ICA
Galactic 7
Impact of Globalization in the Actuarial Profession - Life
Organized by the Canadian Institute of Actuaries
Chairman: Stuart Wason (Canada)
Panelists:
• Paul Thornton (U.K.)
• Tom Karp (Australia)
• Trevor Matthews (Japan)
Globalization has had a profound impact on the actuarial profession. Attend this session to hear from actuaries who
have been directly involved, and that will outline the challenges and opportunities for the profession.
9:00-10:30
87
PD
ICA
Galactic 1
Current Developments in Life Insurance
Organized by the IAA Committee on Services to Individual Members
Chairman: Jesús Zuñiga (Mexico)
Speakers:
• Peter Clark (U.K.)
• Jesús Zuñiga (Mexico)
Current Developments in Life Insurance like asset allocation, reserve adequacy, surplus allocation, compliance role of
the appointed actuary will be discussed from European, North American and Latin American perspectives.
32
FRIDAY, MARCH 22
9:00-10:30
88
PP
ICA
Galactic 8
Papers on Pensions
Chairman: Martti Pesonen (Finland)
Speakers:
• János Stahl (Hungary), “Mathematical Programming and Pension Funds”
• Mitsuhiro Taniguchi, Tadashi Nakada (Japan), “The Soundness in the Private Pension Plans”
• Leena Väänänen, Tarja Härkönen (Finland), “Investment of Statutory employment pension assets in a diversified
way in private pension institutions”
• Andrew Wise, Andrew Barnes, Andrew Reid (U.K.), “Risk Sharing in Employer Pension Provision”
9:00-10:30
89
PP
ICA
Star 1
Papers on Life
Chairman: Stephen Handler (South Africa)
Speakers:
• Patrick Carroll (U.K.), “Pregnancy Related Risk Factors in Female Breast Cancer Incidence”
• Jiri Fialka (Tcheque Rep), “Life Insurance Options; Pricing and Reserving”
• Helga Kronheim (Israel), “MediRisk”
• Guy Thomas (U.K.), “Genetics and Insurance, an actuarial perspective with a difference”
9:00-10:30
90
PP
ASTIN
Galactic 2
Papers Presentation
Chairman: Harry Wide (Sweden)
Speakers:
• Anders Hellemann Rolfstein, Erik Bølviken (Norway), “Loss reserves and financial risk: The rich and the poor”
• Jiwook Jang (Australia), “The reserving using the Gaussian aproximation to the Cox process with shot noise
intensity”
• Kam C. Yuen, Junyi Guo, Xueyuan Wu (Hong Kong, China), “Ruin probabilities for a correlated aggregate claims
model”
10:45-12:15
91
PD
ICA
Star 1
Mutual Recognition
Organized by the Groupe Consultatif and the North American Council of Presidents and Presidents Elect
Panelists:
• Fraser Low (U.K.)
• Robert Anker (USA)
Fraser Low will talk about the European experience of mutual recognition agreements. Robert Anker will address the
same issues from a North American point of view. Ma. Angeles Felipe will address the issues from the point of view of
a country subject to a Napoleonic Code.
33
FRIDAY, MARCH 22
10:45-12:15
92
PD
ICA
Galactic 7 & 8
Retirement Trends
Chairman: Charlie Habliston (USA)
Panelists:
• Charlie Habliston (USA)
• Martin Lunnon (U.K.)
• Marc-André Paquette (Mexico)
Geographic specific trends and issues will be discussed about North America, U.K./Europe, Pacific Rim and Latin/
South America.
10:45-12:15
93
PD
ICA
Star 2
Insurance Regulation of Life Insurance Companies
Chairman: Won How Lo (Taiwan)
Speakers :
• Won How Lo (Taiwan)
• Stuart Wason (Canada)
• A representative of the IAA Subcommittee on Developing Actuarial Standards for the Proposed IASB Insurance
Accounting Standard
This session will :
• Present the IAA paper on the role of the actuary in prudential supervision from a life perspective.
• Present the key findings of the IAA Working Party´s paper on the solvency assessment of insurers, which will be
available on the IAA web site in February, as well as the development of an international risk-based capital framework.
• Update you on the development of international actuarial standards.
10:45-12:15
94
PP
ICA
Galactic 1
Papers on Life
Chairman: TBD (Switzerland)
Speakers:
• David Heeney, Terry Probert (U.K.), “Actuaries and Product Development. A step beyond Px:n = Ax:n / äx:n”
• Jorge Rendón Elizondo (Mexico), “The Solvency in the Benefits Reserve Produced by the Mortality Tables”
• Heinz Schmid (Switzerland), “Deviation of the Technical basics EVK 2000”
• S.Spivak, A. Klimin, G. Minullina (Russia), “Simulation of Risk Processes with Variable Premium Rate”
10:45-12:15
95
PP
ICA
Star 7
Papers on Pensions
Chairman: TBD (The Netherlands)
Speakers:
• David Iglesias Nava, Ricardo Alvarado (Mexico), “Proposed Model for Assigning Turnover-effect Funds in Defined Contribution Plans”
34
FRIDAY, MARCH 22
• Octavio Maupomé-Carvantes (Mexico), “Application of Optimal Control Theory to actuarial gains and losses of
a private retirement pension plan.”
• C. A. Speed, R.J. Chapman (U.K.), “Pensions and Economic Values”
10:45-12:15
96
PP
ASTIN
Galactic 2
Other Topics and Speakers’ Corner
Chairman: TBD (Brazil)
Speakers:
• Werner Hürlimann (Switzerland), “On Risk and Price: Stochastic Orderings and Measures”
• Jorge Suzán (Mexico), “Intrinsical claims experience methodology from a sufficiency and solvency perspective”
• José Manuel Vergara Cabrera (Mexico), “The use of Systemic Networks in the design and operation of Planning
Systems”
14:00-15:00
97
PD
ICA/ASTIN
Galactic
Genetics
Chairman: Chris Daykin (U.K.)
Panelists:
• Alan Doble (Australia)
• André Chuffart (Switzerland)
• Angus S. Mc´Donald (U.K.)
• Xavier Soberón (Mexico)
This session will cover the following:
• Current advances in genetics - Does genetic information tell us anything about our life expectancy? - Xavier Soberon.
• How much do we know?- An update of the latest actuarial research into genetics and insurance - Angus McDonald.
• Does genetic information spell trouble for the insurance industry? - André Chuffart .
• How can the actuarial profession contribute to the public interest in the genetic debate? - Alan Doble.
• Introduction and comments by Chris Daykin.
15:15-16:30
98
PD
ICA/ASTIN
Galactic
Wider Fields
Chairman: Jim MacGinnitie (USA)
Panelists:
• Jean Berthon (France)
• Tony Coleman (Australia)
• Yves Guérard (Canada)
• Paul Thornton (U.K.)
• Stuart Wason (Canada)
One of the greatest challenges for the profession in the 21st century is, undoubtedly, diversification. The topic to be
discussed during this session is: in what other areas of economy or business (aside from the traditional ones) may we
further the role of actuaries.
16:30-17:40
99
ICA/ASTIN
Galactic
Closing Ceremony
35
1.3 GENERAL INFORMATION
POSTERS EXHIBIT
There is an exhibit area for Posters located at the Convention Center that will be open from 8:00 a.m. to 8:00 p.m.
Said exhibit comprises most of the association reports, as well as some papers selected to be posted in this area
by their authors.
PRIZES
The Actuarial Education and Research Fund and the Faculty and Institute of Actuaries will award prizes to
outstanding papers, during the Closing Ceremony.
CONTINUING EDUCATION
The sessions at ICA 2002 may qualify for Society of Actuaries Professional Development credits. FSA candidates should retain all handouts from the sessions they attend and should in concert with their advisor, determine
the suitability of individual sessions towards meeting their plan goals. For additional information, please see the
SOA web page at www.soa.org/eande/proved.html.
Members of the Faculty and Institute of Actuaries may find the Congress a useful contribution to their Continuing Professional Development needs. The amount of hours recorded is left to the discretion of the individual.
However, a maximum of 15 hours can be counted towards formal CPD requirements.
The sessions at which Papers will be presented at the ICA 2002 may qualify for Canadian Institute of Actuaries
(CIA) Professional Development (PD) credits. Candidates should retain all handouts from these sessions they
attend and submit them to the CIA Committee on Continuing Education for formal approval.
In addition the following sessions have been approved as CIA PD: 20, 21, 22, 32, 33, 43, 44, 55, 56, 67, 74, 79,
80, 81 and IHS sessions.
Concerning other associations each delegate must abide by the rules of his/her own association.
Participants requiring proof of attendance are requested to register at the table located outside each conference
room. Those participants will receive a document confirming their attendance after the Congress.
SIMULTANEOUS TRANSLATION
MONDAY
MORNING
AFTERNOON
TUESDAY AND THURSDAY
English, Spanish,
French,German, Japanese
G1: English, Spanish
G1: English, Spanish
G2: English, Spanish, French
G1: English, Spanish,German
English, Spanish, French
G1: Galactic Room 1.
G2: Galactic Room 2.
At the Opening and Closing Ceremonies all speeches will be in English.
36
FRIDAY
IHS OPENING CEREMONY
IHS opening ceremony will be held on Monday, March 18th at 1:45 p.m.
Dr. Julio Frenk, Health Minister of Mexico, will be our Keynote Speaker. All delegates are welcome, but the number of
seats is limited. Please confirm your attendance in advance at ICA’s General Information desk.
AFIR LUNCH
AFIR will host a lunch, open to all delegates, on Tuesday, March 19th .
Mr. Manuel Aguilera, President of the International Association of Insurance Supervisors, will be our Keynote
Speaker.
The number of seats is limited, so please confirm your attendance in advance at ICA’s General Information desk.
ASTIN OPENING CEREMONY
ASTIN’s opening ceremony will be held on Thursday, March 21st , at 8:45 a.m.
Mr. Nikolaus Von Bomhard, Board Member of Munich Re, will be our Keynote Speaker. All delegates are welcome, but the number of seats is limited. Please confirm your attendance in advance at ICA’s General Information desk.
TRANSACTIONS
Your registration fee entitles you to receive a CD containing the Congress transactions. In order to guarantee its
delivery, please fill in the card enclosed in your Welcome Kit.
If you wish to receive a hard copy of the transactions, please request it at ICA’s Registration Desk.
(Optional, extra)
SPEAKERS’ ROOM
Room Saturno 2 will be available as of Sunday 17th , so that all speakers may test their presentations.
Schedule:
Sunday and Wednesday from 10:00 a.m. to 5:00 p.m.
Monday, Tuesday and Thursday from 8:00 a.m. to 5:00 p.m.
Friday from 8:00 a.m. to 3:00 p.m.
II. TOURS
The meeting point prior to the departure of all tours is the Lobby of the Moon Palace Hotel. Should you have any
questions or wish to sign up for another tour, please contact ICA’s Tour Information Desk.
2.1 OPTIONAL TOURS
The tours that you and your companion signed up for prior to the Congress are specified on your I.D. badge (see
description of badge at the end of the Program.)
TULUM - XEL -HA
Tulum, the only Mayan city built on a cliff from where visitors may enjoy a spectacular view of the incomparable beauty of the Caribbean Sea.
37
Xel-Ha, a magnificent area made up of coves, lagoons, caverns and caves created by a mix of seawater, spring
water, and underground rivers.
Sunday 17th
and Saturday 23rd
from 9:00 a.m. to 3:00 p.m.
Lunch is included.
Useful Tips: Biodegradable sun-tan or sun-block lotion, comfortable clothing, bathing suit and towel.
X-CARET BY NIGHT
Travel back in time to get acquainted with the many traditions of the Mayan culture - its music, dance and rituals
all in an incredible experience of light and sound, folkloric ballet and, of course, an exquisite dinner.
Tuesday 19 th, from 5:30 p.m. to 11:00 p.m.
Dinner is included.
Useful Tips: Comfortable shoes, sweater or light jacket.
2.2
WEDNESDAY DAY OUT - CHICHEN ITZA
In accordance with the Congress Option you have selected, this tour will be available. If this is the case, you
will find the corresponding Icon on your ID badge (see description of badge at the end of the programme).
Chichen-Itza is one of the most important sites in Mayan Culture, with its main structures of El Castillo and
El Observatorio. At sunset, the shadow of a snake will emerge on the steps of the pyramid of Kukulkán.
Important: This tour has two schedules. The color of the polo shirt you received with your Welcome Kit indicates your schedule.
Red polo shirt –
9:00 a.m. to 8:30 p.m.
Lunch is included.
Blue polo shirt –
11:00 a.m. to 10:00 p.m.
Dinner is included
Useful Tips: Sun-block, comfortable clothing.
2.3 TOURS FOR COMPANIONS
OPTIONAL
These tours are not specified on your ID badge.The corresponding tickets will be found in the delegate Welcome Kit.
Useful tips: Comfortable clothing, biodegradable sun-block, bathing suit, comfortable shoes and towel.
38
A1 Jungle Tour
Schedule: from 8:00 a.m. to 12:00 p.m.
Lunch is not included
A2 Wet’n wild
Lunch is included
A3 Jeep Safari
Lunch is included
A4 Nautibus
Lunch is not included
A5 Isla Mujeres
Continental breakfast and Lunch
are included
A6 Isla Mujeres
(snorkeling)
Continental breakfast and
Lunch are included
A7 Isla Contoy
Schedule: from 9:00 a.m. to 6:00 p.m
Lunch are included
A8 Cozumel
Schedule: from 6:45 a.m. to 8:00 p.m
Lunch are included
AFIR AND ASTIN COMPANIONS’ TOUR TO TULUM
This tour is specified on your I.D. badge (see description of badge at the end of the Program).
Tulum, the only Mayan city built on a cliff from where visitors may enjoy a spectacular view of the incomparable beauty of the Caribbean Sea.
AFIR – Tuesday 19th from
9:00 a.m. to 2:00 p.m.
ASTIN – Thursday 21st from
9:00 a.m. to 2:00 p.m.
Lunch is not included.
Useful Tips: Comfortable clothing, sun block, comfortable shoes.
III. REGISTRATION AND INFORMATION
INFORMATION DESK SERVICES
The following ICA desks will be located in the Lobby area of the Moon Palace Hotel so that you may obtain all
the information and services you may require throughout the Congress.
DESK
ICA
REGISTRATION
ICA
GENERAL INFORMATION
ICA
TOUR INFORMATION
ICA
INQUIRY PAYMENT
SERVICES
Congress Registration
Cashier
Badge Replacement
Hard Copy Purchase
General Information
Gala Dinner Seating Reservation
IHS Opening Ceremony Reservations
AFIR’s Keynote Speaker Lunch Reservations
ASTIN’s Opening Ceremony with Keynote Speaker
Reservations
Special Requirements
Tour Information
Tour Purchases
Payment Inquiries
39
SURVEY
It is very important for us to have your opinion regarding the 27th International Congress of Actuaries. Therefore, please complete the survey you received with your Welcome Kit and drop it in the box located at the
Convention Center of the Moon Palace Hotel.
You are also receiving a CD prepared by our French friends with a questionnaire that will allow them to get a
feeling of what you expect from the Paris congress. Follow careful the instruction and you will have the chance
to participate in a draw with very interesting gifts.
IV. DINING
FOOD AND BEVERAGES
Even if you are not staying at the Moon Palace Hotel, food and beverages consumed within its premises by
delegates and registered companions, are included. A wide variety of food (international, oriental, spanish,
italian, mexican, seafood), will be available at the different restaurants (located in the hotel map).
Food and beverages for all tours are specified for each of them.
The Moon Palace Hotel does not provide Room Service.
GALA DINNER SEATING
If you wish to make sure you get a good seat next to the people you want to be with, you must reserve your table
at ICA’s General Information Desk. Smoking and Non-Smoking sections are available.
Keep in mind that you are not required to wear a tie at this event.
V. IMPORTANT INFORMATION
ORIENTATION MEETING
The purpose of this meeting is to give you all the information you may need about Cancun, the Hotel, the Tours
and ICA’s desks. You really shouldn’t miss it!
Schedule:
Sunday 17 th at 10:00 a.m. and 4:00 p.m.
Wednesday 20th at 5:00 p.m.
The meetings will be held at the Jupiter Room
EXHIBIT ROOM
Some Reinsurance, Consulting, Software and Recruiting firms will demonstrate their products and services at
the exhibit room, located at the Star 3 and 6 Conference Rooms of the Moon Palace Hotel Convention Center.
Exhibit Hours: Monday 18th , Tuesday 19th , Thursday 21st and Friday 22nd
from 8:00 a.m. to 8:00 p.m.
40
CYBER CAFE
The Hotel provides Internet access from your room for a daily fee of $ 50 US.
Another alternative is ICA’s Cyber Cafe, sponsored by AT&T, located in the Moon Palace Convention Center,
that will be open from 8:00 a.m. to 6:00 p.m.
HOTEL BUSINESS CENTER
The Hotel has a Business Center, located next to the Convention Center. Its business hours are from 9:00 a.m. to
3:00 p.m. and from 4:00 p.m. to 7:00 p.m. on weekdays and from 9:00 to 2:00 p.m. on weekend. The following
services are offered (with additional cost):
• Fax reception and transmission
• Internet services
• Photocopies
Any Faxes that the delegates may receive throughout the day will be held at the Business Center until 5:00 p.m.
After this time they shall be delivered to their rooms.
The Business Center’s Fax number is: (52) (998) 88 16078
TIMING OF EVENTS
All events are planned to start precisely on time to allow the Congress to proceed smoothly. Please assist the
organization of the Congress by arriving punctually to all events.
DRESS
Work Sessions and Receptions: Casual, no shorts or sneakers.
Gala Dinner: No black tie or tie. Sport jacket suggested.
SPECIAL REQUIREMENTS
Details of any special dietary or physical disability requirements were requested on the Registration Forms.
Please refer to ICA’s General Information Desk concerning any query.
SMOKING POLICY
Smoking is not allowed in:
The Convention Center of the Moon Palace Hotel
The Gala Dinner (except in the designated smoking section).
Buses.
Smoking is allowed in:
Open-air events
Smoking areas designated by the Moon Palace Hotel
CURRENCIES
Most currencies can be exchanged in banks, in most hotels, airports and exchange centers. Moon Palace Hotel
exchanges American and Canadian dollars, British pounds and Euros. Yens can also be exchanged at the airport.
Mexican banks are generally open weekdays from 9:30 a.m. to 2:30 p.m. Exchange centers are open longer hours
and provide faster service. Major credit cards are accepted in stores, hotels and travel agencies.
41
WHEATHER
For the month of March, temperature ranges from 20° C to 30°C (68°F – 86°F).
TIPS
Tips are included in all services within the Hotel.
A 10% tip is suggested for airport porters, taxi drivers and waiters at restaurants outside the Hotel, provided tips
are not explicitly included.
TAXIS
If you need a taxi, just ask the porters at the Lobby of the Moon Palace Hotel.
CONTACT DETAILS
MOON PALACE
TELEPHONE : 52 (998) 881 60 00
FAX: 52 (998) 881 60 78
ADDRESS: Carretera Cancún - Chetumal Km. 340. CP 77500
CAR RENTAL: If you wish to rent a car, the car rental office is located in the Lobby of the Moon Palace
Hotel. You may also dial extension 4335.
TRAVEL AGENCIES: The Hotel has several Travel Agencies located in the Lobby. You may also dial
extensions 4318 and 4319.
AIRLINES
AEROMEXICO
AEROPERU
AMERICAN AIRLINES
AVIATECA
BRITISH AIRWAYS
CONTINENTAL AIRLINES
DELTA AIRLINES
IBERIA
LACSA
LANCHILE
MEXICANA DE AVIACION
NORTH WEST
TWA
U.S. AIR
UNITED AIRLINES
VARIG
42
01800 021 40 00
01800 706 37 00
01800 904 60 00
01800 900 50 00
01800 902 21 00
01800 700 67 00
01800 502 20 00
01800 225 25 25
01800 007 80 00
01800 007 88 00
01800 900 74 00
01 800 907 8800
886 01 61
886 01 29
884 39 38
886 05 54
886 01 69
886 01 58
887 51 01
886 03 61
886 02 20
886 00 46
886 00 43
886 04 51
886 00 25
886 00 86
VI. A THANK YOU TO OUR SUPPORTERS
ACCENTURE
ALLIANZ MEXICO
ASOCIACIÓN MEXICANA DE INSTITUCIONES DE SEGUROS
AT&T
AXA CORPORATE SOLUTIONS LATIN AMERICA
CANADIAN INSTITUTE OF ACTUARIES
CERVECERIA CUAUHTEMOC MOCTEZUMA
• Anuario Latinoamericano de Seguros,
ERNST & YOUNG LLP
Reaseguros y de Fianzas
GRUPO NACIONAL PROVINCIAL
• Canada Life Reinsurance
GUY CARPENTER MEXICO
• Classic Solutions
LATIN AMERICAN RE
• GE ERC Life & Health
MÜNCHENER RÜCK / MÜNICH RE GROUP
• Find Actuaries
REINSURANCE GROUP OF AMERICA
• Revista Mexicana de Seguros y Fianzas
SWISS RE
• Hal Actuarios (Vitalis)
• NiiS /APEX Group Holdings, Inc.
TILLINGHAST TOWERS PERRIN
• Milliman Global
TRANSAMERICA REINSURANCE
• Watson Wyatt Pretium Limited
VII. CONGRESS OFFICERS AND ORGANIZERS
CONGRESS COMMITTEE
Luis Huerta
Juan Carlos Padilla
Kurt Vogt
Jorge Vergara
Mario Beltrán
Oliva Sánchez
Jorge Pedroza
Sofia Romano
Edward J. Levay
Yves Guérard
James MacGinnitie
President
Vice President
Vice President
Organization
Promotion
Scientific
Financial
Coordination
IAA President
IAA Secretary General
Chairperson, IAA Commitee on Services
to Individual Members
SCIENTIFIC COMMITTEE
FINANCIAL COMMITTEE
Carlos Del Cueto
Julieta Esquivel
Rosa María Farell
Pilar Fernández
José Luis Lobera
Patricia Luna
Pedro Pacheco
José Luis Salas
Oliva Sánchez (Chairman)
Guadalupe Jiménez
Susana Jiménez
Jorge Pedroza (Chairman)
PROMOTION COMMITTEE
Marcela Abraham
Mario Beltrán (Chairman)
Rocío Brunet
Elsa González
Rosa María Morales
Maritza Navarro
Enriqueta Quiroz
Patricia Villegas
43
COORDINATION COMMITTEE
ASTIN SCIENTIFIC COMMITTEE
Rocío Lozano
Sofia Romano (Chairman)
Luis Huerta
José Luis Lobera (Chairman)
Sofia Romano
Oliva Sánche
AFIR SCIENTIFIC COMMITTEE
José de Caso (Chairman)
Luis Huerta
José Muriel
Sofia Romano
Oliva Sánchez
ASTIN COLLOQUIUM COMMITTEE
AFIR COLLOQUIUM COMMITTEE
Mario Beltrán
Luis Huerta (Chairman)
Jose Luis Lobera
Jorge Pedroza
Sofía Romano
Jorge Vergara
Mario Beltrán
José de Caso
Luis Huerta (Chairman)
Jorge Pedroza
Sofia Romano
Jorge Vergara
HEALTH SEMINAR COMMITTEE
John Armstrong
Yair Babad
Avi Bar Or
Rejean Besner
Howard J. Bolnick (Co Chairman)
Joyce Brennan
Alvaro Castro
Giovanna Ferrara
Rainer Fuerhaupter
Mohamed Hassan Kamil
Akira Kuriyama
Gunnar Kvan
Darryl Leach
Edward J. Levay (Co Chairman)
Wilbur Lo
Shaun Matisonn
László Molnar
Ibrahim Muhanna (Co Chairman)
Enne Osinga
David Paul
Bernie Rabinowitz
Alejandra Ramirez
Barry Swartzberg
Hele-Liis Viirsalu
Brent Walker
Andres Webersinke
Considerable assistance has been given to the AFIR and ASTIN Organizing Committees by
David Wilkie
Jean Lemaire
The North American Actuarial organizations (AAA, ASPA, CAS, CCA, CIA, SOA) have given
outstanding and invaluable help to the Congress Organizing Team through
Curtis Huntington
Ken Kent
Stuart Wason
James Toole
Michael Smith
David Oakden
Martha Sikaras
Nancy Behrens
And last but not least, a very special recognition for her help, loyalty, support and commitment to
Nicole Séguin.
44

programme armado - International Actuarial Association

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