Gulf Actuarial Society - Past events

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

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

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

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:
  

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.

Third member event

Presentations by:

• Safder Jaffer (Managing Director and Consulting Actuary) and Robert Meyer (Head of P&C Practice) from Milliman
  Impact of the new regulations on the UAE Insurance market - Focus on reserving
• Catherine Love Soper (Principal Consultant, Callund) and Mazen Abukhater (Principal, Mercer)
  Social Insurance issues in the GCC
• Vasilis Katsipis, representative from AM Best
  Investment strategies in the GCC
• Dr Khalid Al-Amri (Assistant Professor, Sultan Qaboos University)
  Introduction to Takaful Insurance: Opportunities and challenges
  Takaful insurance efficiency in the GCC countries

The event was sponsored by Milliman and AMBest:

Photographs of the event.

Presentations by:

• Nick Salter President of the IFoA,
• Shivash Bhagaloo, Director at Lux Actuaries - The New Insurance Solvency Regulations in the UAE.
• Chittaranjan Mishra, Head of Market Risk & Analytics, National Bank of Oman - Actuaries in Banking and
• Ruan van Rensburg, Director at Lux Actuaries - "How To" - Financial Condition Reporting

View photographs of the visit

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