AGENDA

Sunday, 15 October 2017

FERMA Forum Conference Registration

Monday, 16 October 2017

Marsh Cocktail Reception

18:30 – 21:00, Le Deck at Monte Carlo Beach Hotel

Come and meet the Marsh team over drinks at our cocktail reception at Le Deck, an immense Art Deco room and vast terrace alongside the Olympic-sized swimming pool with palm trees and the sea on the horizon.

Come and enjoy great food and drinks on the terrace! A complimentary transfer to and from Grimaldi Forum will be available for our guests.

Tuesday, 17 October 2017

How to be resilient in an unstable political environment

Xavier Mallez, Head of Political Risks & Structured Credit, Marsh
14:00 – 15:15

Everybody talks about the importance of resilience, but how do we know what this means in practice for business? How can organisations not just survive but thrive in a changing and uncertain political environment? Resilience is the ability to adapt and take advantage of the sort of dramatic changes that now face us. It is not easy to achieve, but emerges as a crucial skill for high-performing professionals. Come and learn the skills needed to develop a shared vision of the emerging risks and how to manage them to get a step ahead.

Big data: the reality, the risks and risk management

David Kraft, Sales Leader, Marsh Global Analytics, Continental Europe, Marsh
16:00 – 17:00

The goal of this workshop is to investigate how companies can look forward at the potential of quantifying and managing risk through an innovative combination of data, analytics, and technology, and at the risks that come from data. The workshop will cover basic definitions and explain how new European legislation, particularly the General Directive on Data Protection, will have a material impact on how exposure and liability. Using our own claims data and analysis we will look at the risks we have seen, and predict future trends.

More practically the session will then highlight the questions that risk managers should be asking their businesses in order to quantify their exposure. With a clearer idea of the threats that big data can pose, we will then look at mitigation. How can a company best prepare for a data breach incident, including the need for multi-jurisdictional response plans, brand protection and the requirements for notification?

Challenges and opportunities for captives – in the post-BEPS world

Praveen Sharma, Managing Director Global Leader – Insurance Regulatory & Tax Consulting Practice, Marsh
16:00 – 17:00

The OECD’s Base Erosion and Profit Shifting (BEPS) action plan creates for captives and their owners not only another challenge (soon after Solvency II), but also an opportunity to optimize how the captive is used as a group risk management tool.

The session will address the current state of the captive industry taking into account the most recent changes that have impacted the market, such as, capital requirements post Solvency II, increasing premium rates, emerging risks facing multinational companies, and increased (re)insurance capacity. The session will also outline the OECD BEPS action plans and their potential impact on captives and their owners.

Finally, the session will go through the initiative that has been proactively driven by FERMA and the outcome of its direct dialogue with the OECD. This session will give risk managers an opportunity to firstly understand the state of the captive market, the potential challenges of BEPS and the steps that they could implement to take advantage of the opportunities to manage their group risks in an efficient and optimal manner.