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Gulf Actuarial Society - Past events

2020/2021

Date Event Topics and Speakers
15 June 2020 GAS Event

Welcome and Regional Updates by Raghav Ohri, Secretary, Gulf Actuarial Society

Introduction by Mana Alkhamsan, Director General, The Financial Academy

 

Speakers included:

Session 1An Actuarial perspective of an Insurance CRO

Speaker: Cobus Fourie, Chief Risk Officer, AIG Middle East & Africa, Dubai

Session 2DEWS - a catalyst for change to existing EOS regimes in the GCC

Speaker: Claudia Maldonado, Principal, Mercer, Dubai

Session 3A customer-level value framework for banks

Speaker: Ernest Louw, Head of Banking Practice, Lux Actuaries & Consultants, Abu Dhabi

Session 4Do actuaries need to reinvent themselves in a post-COVID19- world?

Speaker: Colin Dutkiewicz, Global Head of Life, Aon Reinsurance Solutions, London

Event supported and hosted by Financial Academy, Saudi Arabia

2019/2020

Date Event Topics and Speakers
20 Novemer 2019 GAS Event

Welcome and Regional Updates by Raghav Ohri, Secretary, GAS

Speakers included:

Session 1 - Behavioral Drivers of Experience Results
Speaker: Karunanidhi Muthuswamy, Appointed Actuary, RGA Middle East, Dubai

Session 2How Innovative Ideas are challenging Traditional Regulations
Speaker: Hussain Feroz, Head of Actuarial Service, FWU Takaful, Dubai

Session 3 - IFRS-17: A Technical Deep Dive
Speakers: Noman Zafar, Consulting Actuary and Navarun Jain, Actuarial Analyst, Lux Actuaries and Consultants, Dubai

Session 4Addressing Ethical Issues while creating a High-Performance Team Culture
Speaker: Kate Bleakley, Principal, SKL Actuarial, UK and Dubai

Event sponsored by Lux Actuaries & Consultants

2018/2019

Date Event Topics and Speakers
26 June 2019 GAS Event

Welcome from Priyank Gupta, Chairperson, GAS

Speakers included:

Session 1 - Models for classifying policyholder lapse
Speaker: Karthik Tumuluru, Actuarial Associate, Metlife Gulf, Dubai

Session 2 - An introduction to reinsurance optimisation for non-life insurance
Speaker: Salman Shah, Consulting Actuary, Lux Actuaries & Consultants, Dubai

Session 3 - IFRS 17 - Proving PAA eligibility for non-life insurers
Speaker: Laura Barella, Director, Head of Actuarial Services, PwC Middle East, Dubai

Presentation of Quality Assurance Scheme Award by Paul Sweeting, IFoA Council Member, to Mamata Pandey, Lux Actuaries & Consultants

Session 4 - Professionalism session
Speaker: Paul Sweeting, Chief Risk Officer, Hassana Investments Company, Riyadh

Event sponsored by Lux Actuaries & Consultants

2017/2018

Date Topic Speaker
4 December 2018

The Institute and Faculty of Actuaries’ (IFoA) Head of Europe, Middle East and Africa Markets Development, Irene Serewicz Redman and Business Development Manager, Adriaan van Heerden were present and discussed recent developments at the IFoA, including Curriculum 2019 and IFRS 2017.  Members from some of the relevant regulatory bodies also attended the event.

Various
28 June 2018

Five miscellaneous sessions:

GLM Pricing and Data Science Algorithms; IFRS 17 – The New Financial Reporting Standards for Insurance Companies; Claims Fraud Assessment; Data Driven Decision Making – Using Analytics to Optimise Profits; Professionalism

Various
29 November 2017

Miscellaneous topics of relevance and interest

Life Insurance Mortality Study, Regulatory Developments across the GCC, Actuaries and Underwriters, Professionalism, and VAT Presentation and Industry Update

Various

2016/2017

Date Topic Speaker
30 May 2017 Member event

Session 1 Predictive Analytics.  
Speaker: Brian Brown, President, Casualty Actuarial Society (CAS)

Session 2 - Draft Regulations Regarding Life Insurance in the UAE – Challenges and opportunities for Insurers.  
Speaker: Karunanidhi Muthuswamy, Chief Actuary, RGA Middle East

Session 3 UAE Actuarial Regulations.  
Speakers: Omer Morshed, CEO, Sidat Hyder Morshed Associates (Pvt) Ltd

14 November 2016 Fifth member event

Welcome by Shivah Bhagaloo, Chairperson, GAS
Speakers included:

Session 1 -
Speaker: Fiona Morrison, Immediate Past President, IFoA, UK

Session 2 - Challenges and Opportunities in the Life Insurance Industry; A reinsurer’s perspective
Speaker: Mohsin Ali Khan, Head of Pricing, Gulf Region - Life Reinsurance, Munich Re Underwriting Agents (DIFC) Ltd

Session 3 - Parametric Insurance and Perspectives in the Region
Speakers: Violaine Raybaud, Regional P&C Underwriting and Development Manager, AXA Insurance (Gulf) B.S.C. (c) and Thameur Zghal, [Insert Designation], AXA Insurance (Gulf) B.S.C. (c)

Session 4 - Solvency Regulation in the UAE: A Benchmark and Impact Study
Speaker: Raghav Ohri, Consulting Actuary, Lux Actuaries and Consultants, Dubai

Event sponsored by Munich Re:
  Munich Re

2014/2015 and 2015/2016

Date Topic Speaker
12 May 2016 Fourth member event - see write up by Mark Cockroft

Our technical talks covered a wide range of issues including:

  • a panel discussion on the role of actuaries in the GCC led by Shoab Soofi from Metlife
  • a presentation on Capital Modelling from Mark Cockroft, Qatar Re and Chairman of the GAS Committee, and
  • an interactive session titled 'Using the ODP Bootstrap Model: A Practitioner's Guide' with Mark Shapland from event sponsors Milliman
  • presentation on Telematics by Reena Gandesha.
23 November 2015

Third member event

 

Presentations by:

The event was sponsored by Milliman and AMBest:

Milliman logo

 

A M Best logo

 

Photographs of the event.

11 May 2015 IFoA Presidential visit to Dubai

Presentations by:

View photographs of the visit

23 November 2014 Launch of the Gulf Actuarial Society

Presentations by:

  • Wim Daems, Sungard Insurance - Possible future life insurance developments in the Middle East and
  • Derek Cribb, Chief Executive of the IFoA.

View photographs of the launch event

Contact Details

For information regarding regional societies, please contact our team

Regional.Engagement@actuaries.org.uk

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Events calendar

  • Spaces available

    There is a lack of publicly available information covering the practices insurers employ to manage their exposure to reinsurance recapture risk. A working party was set-up to shed light on the different approaches insurers use to mitigate this complicated to manage risk. This report is intended to form part of a publicly available information repository that market practitioners can refer to and reflect on as best practice evolves and develops.

  • Spaces available

    The Actuaries’ Carbon Collaboration (ACC) is a group of actuaries and other professionals working towards a coherent understanding of the issues around greenhouse gas (GHG) emissions by considering them in an actuarial context.

    Emissions into and absorption from the atmosphere can be modelled in the same way that we model variable cash flows, including the impacts of uncertain quantities and timing. The ACC’s work investigates both the insights that this analogy provides and its limitations.

  • Spaces available

    This talk presents the work of the Data and Modelling workstream of the IFoA Mental Health Working Party. We explore data and modelling considerations in the risk assessment and underwriting of mental health conditions. We will also consider how newer risk factors and improved data availability might open up opportunities for additional underwriting and product designs.

  • Pensions Dashboards

    12 July 2022

    Spaces available

    As the industry prepares for Pensions Dashboards, we have lined up a specialist panel who is at the heart of the ongoing work in this area. Hear the latest developments, future proposals and have the opportunity to put forward your questions to our speakers.

  • Spaces available

    Artificial Intelligence is heralded as a game-changer to the ways industries use data, with the insurance industry especially looking to embrace these new technologies. This brings many questions – not least around data privacy, ethics, potential biases and so on – with regulators increasingly interested in developments.

    Moreover, whilst the stunning progress of specific technologies such as Watson and Alphazero made headlines some years ago, current commercial applications of AI remain far from mature.

  • Spaces available

    This webinar will cover:

    • Some background on the risks of misselling in an ESG context, including the DWS case

    • Achieving positive impact is a strong antidote to the risks of greenwashing or ESG misselling, however this risks having a tension with fiduciary responsibilities

    • This tension can be resolved with a concept called Universal Ownership

    • Under Universal ownership, investors have an appetite to make a loss in order to achieve positive impact, and yet still have no compromise on their fiduciary responsibilities

  • Spaces available

    This session will focus on the transformation roadmap of the healthcare sector in KSA and the role of actuarial capabilities in enhancing its evolution to the desired end stage as per the objectives of the Vision 2030. The discussion will focus how the system has evolved so far and shed light on  the expected future changes. Through examining  the transformation, we will highlight how the sector is and can use actuarial  expertise to not only assist with this transformation but also use basic actuarial principles to identify the key risks and their respective mitigation strategies.

  • Spaces available

    The purpose of this research paper is to explore enterprise risk management lessons which can be learnt from the Covid-19 pandemic in preparation for potential future pandemics as well as other “gray rhino” or “black swan” events. This paper is not intended to be an all-encompassing solution to the issues presented by Covid-19; rather, the content has been provided to help drive discussions regarding how risk management processes may need to evolve in line with the dynamic nature of the underlying risks that they sometimes need to capture.

  • Spaces available

    The IFoA's Infrastructure Working Party, led by Chris Lewin, will present its new introductory guide to infrastructure investment, which will be published on the IFoA web-site prior to the webinar.   Those readers whose institutions have already taken the plunge into infrastructure will know that it is a highly complex and diverse field of activity.   This guide does not explore all the matters which investors take into account, but it does discuss many of the more important points, including the risks and past returns, benchmarking, and ESG and SDG considerations.    Attendees will be invi

  • Spaces available

    Health contributes to happiness at the personal, family, community and societal level.  Health, importantly underpins all our economic security. This talk will explore the drivers of our health, the measurement of health and the steps we can take to improve health – most of which lie outside the NHS.