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LIFE INSURANCE DAY

22 NOVEMBER

1 Timings are in SGT. Programs are subjected to changes without notice.

Opening AddressAkash Gupta, Chair, Singapore Actuarial ConferenceFrederic Weber, President, Singapore Actuarial Society

Keynote AddressLee Wai Yi, Director and Head of Supervisory Analytics Division, InsuranceDepartment, Monetary Authority of Singapore

InsurTech - Trends and Opportunities for the Actuarial CommunityR. Dale Hall, Managing Director of Research, Society of Actuaries Research Institute

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Ever-changing World and What It Means for the Long-term Insurance BusinessIvan Lee, Head Pricing SEA, Swiss Re

Innovations in UnderwritingSu Jin, Swiss Re

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How Is Data and AI transforming Life Insurance businessAswin Sreenivas, Data Science Senior Manager, NTUC Income

COVID-19Andreas Lampersbach, Head of Group Communications, Munich Re

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Digital Solutions / PRSJoyce, Swiss Re

Climate – Modelling Challenges for the Next Big Financial RiskDr Matthew Lightwood, Director, Conning Asset Management

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IFRS 17Bruce Mackenzie, Board Member, International Accounting Standards BoardCharles Chiu, Assistant Vice President II, IFRS 17 Group Actuarial Lead, Great Eastern,Chair of IFRS 17 Workgroup

Closing AddressTan Shu Yuan, Chair, Life Committee, Singapore Actuarial Society

End

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Opening AddressVelda Tan, Conference Chair, General Insurance Committee, Singapore ActuarialSociety

Special AddressCass Sunstein, Professor of Harvard Law School - NY Best Selling Author

Parametric Insurance: Exploring the Possibilities, Examining the RealitiesJonathan Charak / Kate Stillwell / Daniel Benjamin, Casualty Actuarial Society

Climate Risk : Role of Actuaries and Risk Modeling ConsiderationsGraham Hall / Steve Bochanski / Elise Chee, PricewaterhouseCoopers

Telematics: A Better Consumer ProductGeoffrey Werner, Casualty Actuarial Society

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Electric Vehicles, Capital Regulation and Other Trends in InsuranceMarcus Yamashiro, Casualty Actuarial Society

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Topic To Be AdvisedMehul Dave, Willis Towers Watsons

Hardening Reinsurance Market - How to Mitigate the Adverse ImpactSaliya Jinadasa, Head of Analytics, Asia Reinsurance Brokers

Working Party on PI ClaimsRishabh Gupta, Manager, Deloitte SEA

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COVID-19 in Singapore – A Review of the Public Ministry of Health's DataMatthew Maguire, Actuary, Pineapple Advisors

Lessons Learned from the Pricing GameLukas Linder, Trainee, Munich ReThibault Imbert, Insurance Solutions Manager, Munich ReTill Kischkat, Actuarial Consultant, Munich Re

The New Era of Actuarial Analytics in Non-life InsuranceWeihao Choo & Balacoumarane Vetrivel, Munich Re Singapore

Closing AddressMehul Dave, Chair, General Insurance Committee, Singapore Actuarial Society

END

GENERAL INSURANCE DAY

23 NOVEMBER

2Timings are in SGT. Programs are subjected to changes without notice.

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24 NOVEMBER


DATA ANALYTICS MORNING

Opening AddressFrederic Boulliung, Conference Chair, Data Analytics Committee, Singapore ActuarialSociety

Mining for Gold: Text Analytics in InsuranceLiam McGrath, Data Scientist, Willis Towers Yelena Kropivnitskaya, Manager, Analytics, The Wawanesa Mutual Insurance Company

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How We Took a Leap Into Machine Learning as ActuariesSara Sakimura, Assistant Vice President, Guy Carpenter JapanSuguru Fujita, Vice President, Guy Carpenter Japan

Predictive Analytics in Motor InsuranceLing Kai Leong (David), Data Analyst, GIC Private Limited

AIcrowd Competition: Insurance Pricing GameMichaël Bordeleau-Tassile, Actuary, Desjardins

AIcrowd Panel Discussion and Q&ASara Sakimura & Suguru Fujita, Guy Carpenter JapanLing Kai Leong (David), GICMichaël Bordeleau-Tassile, Desjardins

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Actuarial Loss Prediction Kaggle Competition (1)Yi Li, Senior Data Scientist, PRISM

Actuarial Loss Prediction Kaggle Competition (2)Cheah Tee Hoong, Senior Health Policy Analyst, Ministry of Health (Singapore)

Kaggle Panel Discussion and Q&AYi Li, Senior Data Scientist, PRISM Cheah Tee Hoong, Senior Health Policy Analyst, Ministry of Health (Singapore)

Closing AddressFrederic Boulliung, Conference Chair, Data Analytics Committee, Singapore ActuarialSociety

END

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ENTERPRISE RISK MANAGEMENT AFTERNOON

24 NOVEMBER

Opening AddressPaul Wee, Chair, Enterprise Risk Management Committee, Singapore Actuarial Society

Emerging RisksAM Best

COVID-19, Black Swans and Enterprise Risk ManagementDavid Maneval, Head of Analytics, LocktonJohn Lian, Broker, Willis Re

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Climate RisksMarcus Wimmer

Special AddressSir John Kay, British Economist and Co-author of Radical Uncertainty

CyberMatt Harrison

CyberJamie Pocock

Climate Risk & Enterprise Risk ManagementProf Paul Sweeting

Closing AddressPaul Wee, Chair, Enterprise Risk Management Committee, Singapore Actuarial Society

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25 NOVEMBER


INTERNATIONAL DAY

Opening AddressPhillip Eng, Chair, International Committee, Singapore Actuarial Society

Insurance Market Update on Japan and China: from Assessing New Risk-BasedCapital to Insuring New Energy VehiclesDelvin Cai, Director, Actuarial Services, PwC ChinaMarcus Yamashiro, AIG

Trends and Prospects of Health Insurance in ChinaWang Mingyan, China Life Re

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Dealing with Operational UncertaintyAnil Mencham, IKBZ Insurance

Insights into Cambodia’s Insurance Markets – General and LifeDiep Leng, CEO, LC Insurance Brokers

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Spotlight on Sri LankaRoshan Perera, Partner, NMG Consulting

C-ROSS Phase IISherwin Li, China Re

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Innovation with Agriculture Insurance IndiaSiddesh Ramasubramanian, Agriculture Insurance Company India

International Actuarial AssociationJill Hoffman, Council Member (IAA Liaison) and Member of Professional AffairsCommittee, Singapore Actuarial Society

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PRACTISING CERTIFICATE SEMINAR (AFTERNOON SESSION)

25 NOVEMBER

Welcome and IntroductionAnuj Behl, Honorary Secretary, Singapore Actuarial Society

Regulatory Updates and Expectations on Appointed & Certifying ActuariesLee Wai Yi, Director and Head of Supervisory Analytics Division, Insurance Department,Monetary Authority of Singapore

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Legal Responsibility of Actuaries in SingaporeAng Kim Lan, Managing Director, Goodwins Law Corporation

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Professionalism Matters For GI Actuaries – Case Studies Ronald T. Kozlowski, CAS Asia Ambassador, Casualty Actuarial Society

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Life Insurance Capital Regimes in AsiaClement Bonnet, Principal & Consulting Actuary, Milliman LimitedScott Chow, Consulting Actuary, Milliman Limited

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26 NOVEMBER


RETIREMENT MORNING

Opening AddressMarcus Kok, Conference Chair, Retirement Committee, Singapore Actuarial Society

Retirement Landscape here in Singapore and the Collaboration with DBS Bankon the Home Equity LoanGregory Pang, Group Director, Central Provident Fund Board

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Establishing the Minimum Household Budgets for Working-age Families withChildren in SingaporeDr. Ng Kok Hoe, Senior Research Fellow & Head of the Case Study Unit, Lee Kuan YewSchool of Public Policy

Topic to be AdvisedAndrew Boal, Partner, Deloitte Actuaries & Consultants

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ESG Investing – An International Financial Institution’s Take and ApproachPhilip Pang, Chief Investment Officer, HSBC Life

Closing AddressMarcus Kok, Conference Chair, Retirement Committee, Singapore Actuarial Society

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Welcome and IntroductionJill Hoffman, Council Member (IAA Liaison) and Member of Professional AffairsCommittee, Singapore Actuarial Society

IFoA Professionalism Skills Video (Group Work)

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IFoA Professionalism Skills Video (Group Work)

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Panel Discussion - Professionalism in an Unpredictable WorldPanel Moderator:Liem Phan, Head Life & Health Products South Asia Panel Speakers:Daisy Ning, Head Life & Health Products Asia, Swiss Re Asia Pte LtdFoo Chee Keong, Life & Health Business Management Asia Hub Head, SwissReinsurance Asia Limited Greta Mikelonis, Head of Health, Asia, Manulife Financial Asia Limited Lee Jiat Liauw, Chief Actuary, Prudential SGSim Ng, Chief Financial Officer, Prudential Assurance Malaysia Berhad

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SAS Standards of Actuarial Practice (SAP) L03Frank Munro, Chair of SAS SAP L03 Working Party

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PRACTISING CERTIFICATE SEMINAR

26 NOVEMBER


LIFE INSURANCE DAY - 22 NOVEMBER 2021

SPEAKERS & SYNOPSIS


Lee Wai YiDirector and Head of Supervisory Analytics Division, InsuranceDepartment, Monetary Authority of Singapore

9.40am | Keynote Address

Akash GuptaChair, Singapore Actuarial Conference

Frederic WeberPresident, Singapore Actuarial Society

9.30am | Opening Address

R. Dale HallManaging Director of Research, Society of Actuaries ResearchInstitute

10.20am | InsurTech - Trends and Opportunities for the ActuarialCommunity

An update will be shared on the key regulatory and industrydevelopments for this year, and set out MAS’ focus and initiatives for theinsurance industry, relevant to the actuarial profession, in the comingyear.

Technology and the innovation it enables are embedded in our everyday lives. As people havebecome increasingly comfortable making payment transactions and managing their lives on theinternet and on mobile devices, consumers expect to have the same digital experience withregard to insurance. InsurTech is the use of emerging hardware, software and user interfaces toaddress inefficiencies or opportunities in the insurance value chain. It often involves technology,data and analytics.

With the ongoing emergence of InsurTech, many traditional insurance companies are looking tofurther invest in developing their own internal technology infrastructure and/or startup ventures.InsurTech offers many opportunities for interested actuaries. Beyond that, as InsurTech reshapesthe insurance landscape, it is important for actuaries to be involved in the movement that willdetermine the future of the insurance industry.

Actuaries are already playing a variety of roles in insurance organizations – InsurTech brings newopportunities to further expand the actuarial footprint. They can not only join InsurTech startupsand bring our actuarial background into innovation and entrepreneurship, but also participate intesting new innovations and partnering with InsurTech startups within the InsurTech ecosystem.Actuaries can and should position themselves as leaders and experts in the InsurTech space. Thissession will focus on recent SOA Research Institute projects on the future trends andopportunities in InsurTech.

Andreas LampersbachHead of Group Communications, Munich Re

2.40pm | COVID-19

SPEAKERS & SYNOPSIS



Aswin SreenivasData Science Senior Manager, NTUC Income

2.00pm | How is Data and AI Transforming Life Insurance Business

Ivan LeeHead Pricing SEA, Swiss Re

11.10am | The Way Forward in the Ever-changing World – WhenLong-term Prediction Becomes Impossible

COVID-19 has not just changed our personal lives, but also the insuranceindustry. In actuarial education, we have been trained to project futureprobabilities based on historical data. However, is the contemporaryworld changing too rapidly for this skill to be relevant? In thispresentation, I will be sharing the latest market trends, e.g. short-termand long-term mortality trends under COVID-19, recent cancer trends inChina, etc. to illustrate the difficulties in projecting based on historicaldata.

I will also provide a few examples to illustrate how to make our workmore future-proof, e.g. building early warning systems, understandingthe causes of an incident and observing the underlying trends behindcauses. Through this presentation, I hope to shed light on how we canfind the way forward in the ever-changing world.

Su JinSwiss Re

11.50pm | Innovations in Underwriting / Genetics Testing


SPEAKERS & SYNOPSIS


Tan Shu YuanChair, Life Committee, Singapore Actuarial Society

5.55pm | Closing Address

Bruce MackenzieBoard Member, International Accounting Standards Board andChair of IFRS 17 Workgroup

5.05pm | IFRS 17

Charles ChiuAssistant Vice President II, IFRS 17 Group Actuarial Lead, GreatEastern, Chair of IFRS 17 Workgroup

Dr Matthew LightwoodDirector, Conning Asset Management

4.15pm: Climate – Modelling Challenges for the Next Big FinancialRisk

JoyceSwiss Re

3.35pm | Digital Solutions / PRS

SPEAKERS & SYNOPSIS


GENERAL INSURANCE DAY - 23 NOVEMBER 2021

Velda TanConference Chair, General Insurance Committee, Singapore ActuarialSociety


Cass SunsteinProfessor of Harvard Law School - NY Best Selling Author

8.05am | Special Address

Jonathan CharakKate StillwellDaniel BenjaminCasualty Actuarial Society

9.00am | Parametric Insurance: Exploring the Possibilities, Examiningthe Realities

Big data has driven parametric insurance’s evolution as a viable means ofprotection for many risks, bringing this not-so-new concept into thespotlight. The growth in popularity ranges from government programs, ILS,all the way to insurtech innovations. This session will include an overviewof parametric insurance as well as a discussion of multiple products in themarket (by people who led the development of those products) with timefor audience Q&A.


SPEAKERS & SYNOPSIS


Steve BochanskiPartnerPwC US

9.40am | Climate Risk: Role of Actuaries and Risk Modeling Considerations

The key climate change risks that insurers need to consider including physical and transitionrisksClimate change insurance regulatory considerations (including local environmental risksregulatory requirements from the MAS) and stakeholder overview (e.g. investor preferences)Relevant climate change reporting standards, including TCFD Climate change risk assessments and integration into risk management frameworksClimate change scenario testing - data and methodologiesImpact of recent extreme weather events on historical claims experience and reservingstrategies for future climate uncertainties. What does this mean for actuaries and what is our role?

This session will introduce the key concepts actuaries need to know in relation to the impact ofclimate change and detail areas of practice where actuaries have a crucial role to play, both withininsurers and at other businesses. Specifically the session will cover:

Elise CheeDirector

PwC Singapore

Graham HallDirectorPwC US

Geoffrey WernerCasualty Actuarial Society

10.20am | Telematics: A Better Consumer Product

Launch tailored productsProvide better claims servicesImprove safety by addressing risky behaviors like distracteddriving

This session will address how telematics can be used by insurers todeliver better insurance products for their customers. The panelwill discuss how insurance companies are using telematics to:

SPEAKERS & SYNOPSIS



Marcus YamashiroCasualty Actuarial Society

11.15am | Electric Vehicles, Capital Regulation and Other Trends inInsurance

Mehul DaveWillis Towers Watsons

1.25pm | Topic to be Advised

The advent of electric vehicles is a present day challenge to the globalinsurance market. A study of developments in China and the APAC regionwill kickoff a broader discussion of the future of P&C insurance risk andhow trends in capital management, including regulatory changes such asthe transition to a Global Insurance Capital Standard dovetail with thechanging (technological, climate, economic, demographic) risk landscape.

Saliya JinadasaHead of Analytics, Asia Reinsurance Brokers

2.05pm | Hardening Reinsurance Market - How to Mitigate the AdverseImpact

For several years, the insurance industry has been anticipating ahardening1 of the reinsurance market after the previous hardening in earlyto mid 2000s]. But soft market conditions prevailed for nearly 15 years until2020. The Covid-19 pandemic was the harbinger, compounded by otherfactors, for the recent hardening of reinsurance market. This presentationcovers drivers behind the hardening reinsurance market and notableobservations from recent reinsurance policy renewals, and importantlyfocuses on steps that can be taken to mitigate the adverse impact ofhardening market from insurers’ perspective.


SPEAKERS & SYNOPSIS


Rishabh GuptaManager, Deloitte SEA

2.45pm | Working Party on PI Claims

Matthew McGuire

Lukas LinderTrainee

Munich Re

4.05pm | Lessons Learned from the Pricing Game

Competing for our Munich based Munich RE team, we would like to share some insights wegained through AI Crowd’s pricing game. We plan on covering a brief introduction, followed byour team’s approach and methodologies, finally focusing also on learnings and potentialimprovements for future competitions.

Thibault ImbertInsurance Solutions Manager

Munich Re

Till KischkatActuarial Consultant

Munich Re

Actuary, Pineapple Advisors

3.45pm | COVID-19 in Singapore – A Review of the Public Ministry ofHealth's Data

Over the past 18 months, Matthew has actively tracked the dataproduced by MOH relating to Singapore’s experience relating to thecurrent COVID-19 pandemic. As the type of data available changesover time, and the analysis continues to evolve, the story told remainsfascinating. This will be a summary of the key results found during theanalysis over the past 18 months and some implications for insuranceproducts and the way back to normalcy.

The PI claims working party was formed to look into the impact of the newPI and death claims multipliers released by the MAS and Singapore courtsin April 2021. The multipliers will be used to assess the damages to beawarded to personal injury and death claims. The presentation will providean update from the working party on their findings regarding the potentialimpact of these multipliers in insurance business.

SPEAKERS & SYNOPSIS



Weihao ChooBalacoumarane VetrivelMunich Re Singapore

4.35pm | The New Era of Actuarial Analytics in Non-Life Insurance

Moving from traditional generalised linear models (GLMs) to automatedrecommendations (AutoML)Using claims data enriched with external data to detect fraudulentclaimsAttaching customer lifetime value scores in acquisition, pricing andrenewal strategies

Actuaries have led the advancement of data analytics in insurance formany years. With recent advancements in data collection, handling andprocessing, there are now many more exciting and value-adding areas ininsurance where data analytics can be applied.

This presentation shares the latest developments and case studies in Asiawhere data analytics has been successfully applied in general and healthinsurance. Some of these examples are:

We will also provide a detailed case study in India where data analytics hasbeen successfully used to detect fraudulent motor insurance claims, usinga mix of traditional and unsupervised techniques.

Mehul DaveChair, General Insurance Committee, Singapore Actuarial Society

5.15pm | Closing Address

Frederic BoulliungConference Chair, Data Analytics Committee, Singapore ActuarialSociety

8.15am | Opening Address12.15pm | Closing Address

DATA ANALYTICS MORNING - 24 NOVEMBER 2021

SPEAKERS & SYNOPSIS


Liam McGrath Data ScientistWillis Towers

8.20am | Mining for Gold: Text Analytics in Insurance

Yelena KropivnitskayaManager, Analytics

The Wawanesa Mutual Insurance Company

Insurers collect vast quantities of unstructured text data through normal business operations.Claim notes, loss control reports, and customer feedback are a few common examples.Language is messy and text data, in its unstructured form, is of limited use. Natural LanguageProcessing is a quickly-growing subfield of Artificial Intelligence which aims to read, decipher,and understand language in order to gain valuable insights from text data.

Actuaries can look to this field for a range of techniques, from simple to highly complex, whichunlock this previously underutilized data source. Features derived through text mining addvalue to predictive models and other analytical efforts. Claims and underwriting are twoapplications where actuaries and data scientists can support decision making with textanalytics.

SPEAKERS & SYNOPSIS



Sara SakimuraAssistant Vice President

Guy Carpenter Japan

9.00am | How We Took a Leap Into Machine Learning as Actuaries

Suguru FujitaVice President

Guy Carpenter Japan

9.30am | Predictive Analytics in Motor Insurance

Ling Kai Leong (David)Data Analyst, GIC Private Limited

A presentation will be made on the winning approach in the AICrowdInsurance Pricing Game. The approach constitutes a combination ofstatistical methods and machine learning methods.

We participated in the “Insurance Pricing Game” competition, a data science competition onautomobile insurance, hosted by Aicrowd in 2020. We will present:

1) the overview of this competition2) our submitted model3) the final leaderboard results

Then, based on this experience, we will remark our findings on the possibility of utilizingmachine learning methods in actuarial practice.


SPEAKERS & SYNOPSIS


Michaël Bordeleau-TassileActuary, Desjardins

10.00am | AIcrowd Competition: Insurance Pricing Game

Sara SakimuraAssistant Vice President

Guy Carpenter Japan

10.30am | AIcrowd Panel Discussion and Q&A

Suguru FujitaVice President

Guy Carpenter Japan

Ling Kai Leong (David)Data Analyst

GIC Private Limited

Michaël Bordeleau-TassileActuary

Desjardins

Pricing quotesPaying out claimsAnd improving their pricing models on a weekly basis

Insurance companies are constantly fighting for market share. How canthey satisfy their growth appetite while remaining profitable? During acondensed 10 weeks period, participants in an online competition wereacting has insurance companies in multiple market simulations.

Winners would be the insurance companies ending with the highestprofit. Find out more, from one of the finalists of the competition!

SPEAKERS & SYNOPSIS



Yi LiSenior Data Scientist, PRISM

11.00am | Actuarial Loss Prediction Kaggle Competition (1)

11.30am | Actuarial Loss Prediction Kaggle Competition (2)

Cheah Tee HoongSenior Health Policy Analyst, Ministry of Health (Singapore)

12.00pm | Kaggle Panel Discussion and Q&A

Cheah Tee HoongSenior Health Policy Analyst

Ministry of Health (Singapore)

Yi LiSenior Data Scientist

PRISM

A sharing of my experience on the competition and some reflections.

This session will present the winning solution of the Kaggle Actuarial lossprediction competition 2020/21, which was launched by the ActuariesInstitute of Australia, Institute and Faculty of Actuaries and the SingaporeActuarial Society. The challenge is to predict the ultimate loss of WorkersCompensation claims.

In this session, I will discuss the machine learning (ML) modeling processthat led to the 1st place in this challenge, including data manipulation,feature engineering/selection, model training methodologies, andfindings from the model.

At the end, I will share my thoughts on further exploration and how datascience can help actuaries with data and methodology innovation.

Paul WeePaul Wee, Chair, Enterprise Risk Management Committee, SingaporeActuarial Society

1.35pm | Opening Address6.40pm | Closing Address

David ManevalHead of Analytics, Lockton

2.20pm | COVID-19, Black Swans and Enterprise Risk Management

ENTERPRISE RISK MANAGEMENT AFTERNOON - 24 NOVEMBER 2021

SPEAKERS & SYNOPSIS


John Lian Tze FeiBroker, Willis Re

David Maneval: Covid-19 highlights that supply chains and activities are interdependent which waslargely unanticipated – even by risk managers!

In the meantime, most governments are still unprepared for low-probability extreme disasters andtheir risk management approach appears to be fragmented with gaps. In Singapore, the MAScame up with new stress test scenarios in 2021 and what are the takeaways & economicinterdependencies assumed in these scenarios?

After playing catch up with the recent pandemics, will we wonder what extreme disasters ourgreat grand-parents (and those no longer with us) encountered and learned from? In good times,we often prefer listening to comforting stories but will we become more resilient or forget againas each generation passes? However, in practice can risk managers truly prepare and promptlyrespond to a broad range of extreme events?

SPEAKERS & SYNOPSIS


INTERNATIONAL DAY - 25 NOVEMBER 2021


Phillip EngChair, International Committee, Singapore Actuarial Society

Delvin CaiDirector, Actuarial Services

PwC China

9.45am | Insurance Market Update on Japan and China: from Assessing New Risk-basedCapital to Insuring New Energy Vehicles

Marcus YamashiroJapan & APAC Treasury / Capital Management

AIG Japan Business Partners

Wang MingyanChina Life Re

10.25am | Trends and Prospects of Health Insurance in China

Anil MenchamIKBZ Insurance

11.20am | Dealing with Operational Uncertainty

Diep LengCEO, LC Insurance Brokers

12.00pm | Insights into Cambodia’s Insurance Markets – General andLife

Roshan PereraPartner, NMG Consulting

2.00pm | Spotlight on Sri Lanka

Sherwin LiChina Re

2.40pm | C-ROSS Phase II


SPEAKERS & SYNOPSIS


Prior to the Covid-19 era, Cambodia was one of the fastest growingeconomies in Southeast Asia with an average GDP growth rate of 7% from2010 to 2019. With a very low insurance penetration rate, Cambodia’sinsurance industry has good growth prospects. The objective of this paperis to provide insights into both the General and Life insurance markets inCambodia. The paper also highlights the impact of Covid-19.

My presentation will provide a spotlight on the Sri Lankan insuranceindustry covering a brief history of the market and key developments inthe competitive and regulatory space. This will include the implementationof RBC and impact on the market in terms of organizational andparticipation strategies, to new challenges such as the adoption of IFRS 17and navigating the Covid-19 pandemic.

SPEAKERS & SYNOPSIS



Siddesh RamasubramanianAgriculture Insurance Company India

3.35pm | Innovation with Agriculture Insurance India

Jill HoffmanCouncil Member (IAA Liaison), Singapore Actuarial Society

4.55pm | International Actuarial Association

PRACTISING CERTIFICATE SEMINAR (AFTERNOON SESSION) - 25 NOVEMBER 2021

SPEAKERS & SYNOPSIS


1.30pm | Opening Address

Anuj BehlHonorary Secretary, Singapore Actuarial Society

Lee Wai YiDirector and Head of Supervisory Analytics Division, InsuranceDepartment, Monetary Authority of Singapore

1.50pm | Regulatory Updates and Expectations on Appointed &Certifying Actuaries

Ang Kim LanManaging Director, Goodwins Law Corporation

2.55pm | Legal Responsibilities of Actuaries in Singapore

Ronald T. KozlowskiCAS Asia Ambassador, Casualty Actuarial Society

4.15pm | Professionalism Matters For GI Actuaries – Case Studies

A brief overview of the legal pitfalls for actuaries in Singapore

SPEAKERS & SYNOPSIS



Clement BonnetPrincipal & Consulting Actuary, Milliman Limited

5.05pm | Life Insurance Capital Regimes in Asia

Scott ChowConsulting Actuary, Milliman Limited

An overview to the latest technical specifications across Asia (as atmid-2021), with highlight on the recent developments and discussionof rationale including measures taken in light of the pandemicKey solvency results based on public data and discussion on trendsand forward-looking viewHot-topics around implications / optimisations under the capitalregimes.

Alongside other regulatory developments, the capital regimes in Asiahave been continuously revamped by regulators. Other social oreconomic factors such as interest rate trend and pandemic have oftenadded twists to the long journey of capital regime refinements, which hasmade it difficult for actuaries to stay ahead of all the recentdevelopments.

We have been performing in-depth researches into the life insurancecapital regimes applicable in the APAC region, and in this symposium wewould like to present:


9.30am | Opening Address12.55pm | Closing Address

Marcus KokSingapore Actuarial Society

Gregory PangGroup Director, Central Provident Fund Board

9.35am | Retirement Landscape Here in Singapore and theCollaboration with DBS Bank on the Home Equity Loan

Dr Ng Kok HoeSenior Research Fellow & Head of the Case Study Unit, Lee Kuan YewSchool of Public Policy

10.30am | Establishing the Minimum Household Budgets for Working-age Families with Children in Singapore

Andrew Boal Partner, Deloitte Actuaries & Consultants

11.15am | Topic to be Advised

RETIREMENT MORNING - 26 NOVEMBER 2021

SPEAKERS & SYNOPSIS


Philip Pang CIO, HSBC Life

12.10pm | ESG Investing – An International Financial Institution’s Takeand Approach

SPEAKERS & SYNOPSISRETIREMENT MORNING - 26 NOVEMBER 2021

1.30pm | Opening Address

Jill HoffmanCouncil Member (IAA Liaison), Singapore Actuarial Society



SPEAKERS & SYNOPSIS

Liem PhanHead Life & Health Products

South Asia

Greta MikelonisHead of Health, Asia

Manulife Financial Asia Ltd

Lee Jiat LiauwChief ActuaryPrudential SG

PANEL MODERATOR PANEL SPEAKERS

Sim NgChief Financial OfficerPrudential Assurance

Malaysia Berhad

Daisy NingHead Life & Health

Products AsiaSwiss Re Asia Pte Ltd

Foo Chee KeongLife & Health Business

Management Asia Hub HeadSwiss Reinsurance Asia Limited

4.15 | Panel Session - Professionalism in an Unpredictable World

PANEL SPEAKERS

Frank MunroChair of SAS Standards of Actuarial Practice L03 Working Party

SAS Standards of Actuarial Practice L03


SPEAKERS & SYNOPSISPRACTISING CERTIFICATE SEMINAR (AFTERNOON SESSION) - 26 NOVEMBER 2021

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