| Geoffrey Hancock curriculum | ||||||||||||
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| Date: Thursday, March 21 |
Session: 69 |
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Life |
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Summary This paper summarises and discusses the report of the Segregated Fund Taskforce of the Canadian Institute of Actuaries. A practical approach to valuation of guarantees in equity linked insurance is proposed, using stochastic simulation. We discuss calibration of the investment model and describe an integrated approach to valuation and capital requirements for these contracts. |
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| Geoffrey H. Hancock, FSA, FCIA, BMath | ||||||||||||
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| Geoffrey Hancock is a consultant and Principal of MMC Enterprise Risk Consulting Limited, an operating entity of Marsh & McLennan Companies. He is a Fellow of the Canadian Institute of Actuaries and a Fellow of the Society of Actuaries. He holds an Honours Co-operative Bachelor of Mathematics in actuarial science and statistics from the University of Waterloo. Mr. Hancock has over 10 years of experience in the insurance industry. This experience covers many different areas, including corporate planning, financial reporting, solvency testing, profit review, business appraisals, stochastic modelling, pricing and asset/liability management. Mr. Hancock's is primarily focussed on risk assessment and management through application of financial stochastic simulation models. He has extensive experience in model dynamics and applying them in a strategic framework. He has successfully assisted many clients in the following areas of stochastic analysis for investment performance guarantees: reserve and capital valuation, product design and pricing, distribution of embedded value, sources of earnings, financial reporting and analysis of risk transfer/mitigation strategies. He was Vice-Chairperson of the CIA Task Force on Segregated Fund Investment Guarantees and is a member of the CIA Working Group on the Use of Stochastic Valuation Techniques. Mr. Hancock is a frequent speaker at industry events, discussing such issues as strategic policyholder behaviour models, stochastic simulations, model dynamics and valuation and management of risk on equity-linked insurance and annuities. |
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