Presentation on working as an actuary abroad in London, as presented to University of Wisconsin\'s actuarial club in 2005

1. Be An Actuary – In London Presented by: Kyle Mrotek Presented on: October 27, 2005

12. FSA Risk Types – Defining Capital Requirements Capital Credit Market Liquidity Group Insurance Operational

14. Determining the ICA Based on Risk Assessment Estimate correlations between risk areas and determine aggregate capital requirement Dynamic Risk Model Individual Capital Assessment Insurance Risk Credit Risk Market Risk Operational Risk Liquidity Risk Group Risk Additional Risk Consider Benchmarks Loss History Consider Maximum Cash-flow Contingency Plans Consider Capital Structure Contagion Risk Consider Concentration Risk System Controls Capital requirement for Insurance and Market Risk Consider Counterparties Off Balance Sheet Items

16. Outline of Process Simulate Results Sample from Distributions Model Insurance and Asset Portfolio Gross, and Net Results, in Financial Accounting Framework Loss distributions Premiums Balance Sheet Generate random number Obtain value from distribution

20. Q&A Lloyd’s