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Gulf Actuarial Society - Past events

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

regions@actuaries.org.uk

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Events calendar

  • Spaces available

    This webinar is intended to raise awareness of the shifting landscape of climate liability risk and what it means for actuaries, including how it impacts on their professional and legal duties. Presentations will cover the legal risks around climate change for investment consultants and actuaries advising DB pension schemes as well as consideration of climate risk for insurers.

  • Spaces available

    Climate change risks are likely to become material for many risk management and investment decisions. This will require to incorporate explicitly climate change in the tools used for risk management and investment decisions. At present existing climate change tools are often too crude for decision making.

  • Current Issues in Life Assurance (CILA) Webinar series

    Webinar Series
    15 July 2020 - 3 August 2020

    Spaces available

    CILA is one of the pre-eminent events in the annual 'Life' calendar. Due to COVID-19 we are running the programme as a series of webinars covering topics aimed at practicing life actuaries from life offices, consulting firms and other employers of actuaries and those who work in or advise on, the life assurance market in the UK and Europe.

  • Spaces available

    Current Issues in Life Assurance

    For annuity writers, a key challenge is the need to fund capital-consumptive new business strain (NBS) as a consequence of writing the business intended to fund future distributions.

    Reinsurance, investment strategy and capital provision all have roles to play. Here, we:

  • Spaces available

    Current Issues in Life Assurance

    Mortality in 2020 is now dominated by one thing, although – in our future-focused world – the pandemic is just one of many mortality considerations.  In this session, three well-regarded mortality/longevity specialists provide an overview of:

  • Spaces available

    Because of Covid-19, forecasters predict a severe recession in 2020, followed by a V or U-shaped recovery. This impacts both individuals and companies. However, compared to previous recessions, the impact on banks of higher credit losses should be mitigated to some extent by government actions. 

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series

    This session will provide an overview of the Population Health Management Working Party's research including defining impactability and impactability modelling, discussing some examples of specific modelling approaches, considering the practical challenges across the NHS as well as wider public perception and ethical issues.

  • Spaces available

    Many actuaries consider career opportunities in the Finance and Investment practice area after having started off in more traditional actuarial roles such as valuations, capital management or pricing. This session is aimed at helping actuaries to better understand roles in Finance and Investment and how they can fine tune their skills to pursue such careers.

  • Mortality and Longevity Webinar Series 2020

    Webinar Series
    22 July 2020 - 10 August 2020

    Spaces available

    Due to COVID-19, we are running this programme via a series of webinars commencing 22nd July.

    This webinar series will provide topical and practical updates and discussion on the latest thinking and innovations in mortality and longevity, and is designed to be very accessible to a broad range of experience.

     

  • Spaces available

    Predictive risk assessment and risk stratification models based on postcode-level consumer classification are widely used for life insurance underwriting. However, these are socio-economic models not directly related to health information. Similar to precision medicine, precision life insurance should aim to tailor policy pricing/reserving to the individual health characteristics of each client.

  • Spaces available

    As insurers look towards their internal model calibration process for 2020 final year financials and statutory returns, actuaries need to deal with the complexity of adequately modelling their business in 2020 and beyond. This discussion will look at what poor model selection and calibration could look like – using inappropriate historical data; using incorrect 2020 mortality data; inappropriate stochastic model recalibration (or lack thereof). What about being prudent vs setting a best estimate? How do you allow for tail risks during a tail risk event?  This is the fourth webinar in the Extreme Mortality Events series presented by Chair of the Life Board of the Institute and Faculty of Actuaries, Colin Dutkiewicz. 

  • Spaces available

    This webinar has been re-scheduled from its original date of the 1st July. Although ESG has many buyers across the asset allocation community, from pension funds to sovereign wealth funds, it still hasn’t found its place within the core asset management strategy desks where the money is actually invested. The problem as well as the opportunity is Fixed Income. Plenty of strategies exist for incorporating ESG within Equities, from screening, integration to a combination. ESG has picked up relatively quickly within Equities with rating,indices created using ESG factors. This talk will discuss how we price a quantifiable ESG credit risk premium and make it alpha worthy in a strategy. 

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series

    With the rising prevalence of dementia, how can we manage this risk effectively and can insurance do more? Matt Singleton, Ageing Lead at Swiss Re, will cover these topics and demonstrate how insurance could help people address their concerns.

  • Spaces available

    Current Issues in Life Assurance

    This talk will look at a range of such techniques (e.g. mass lapse risk transfer, contract boundaries, risk margin relief, non-standard longevity risk transfer) that have been applied or considered by UK and EU insurers, and the pros and cons of each.

     

  • Spaces available

    Current Issues in Life Assurance.

    The International Association of Insurance Supervisors announced on 14 November 2019 the adoption of v2.0 of the global Insurance Capital Standard (ICS) which will undergo confidential reporting for 5 years starting from 2020. This session will include specific experiences from Legal and General (L&G) as well as global industry perspectives from EY.

  • Spaces available

    Current Issues in Life Assurance

    This session will cover the PRA supervisory statement on financial impacts related to climate change, industry insights into PRA climate risk business plans, examples climate risk strategy setting out key workstreams and activity steps for successful execution, an overview of a climate risk strategy execution timeline and the future.     

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series. Using new and unique research and data from the UK, US, Sweden and China, this presentation investigates how consumers use the internet through their insurance journey and analyzes the role culture and generation plays in their online behaviour. We use this research to show the online landscape for insurance sales in the UK and suggest ways to shape new products and effectively engage with the consumer who is buying them.

  • Spaces available

    Chief Medical Officer (CMO) for Gen Re Life/Health Research and Development, Dr John O'Brien, will discuss the impacts of Gene Modification for life/health insurance. 

  • Spaces available

    As an industry, it has been important to be able to look to the future to identify the next quantifiable risk. In this session, I will explore some of the less tangible, but none-the-less concerning risks to future health, such as the health risks associated with exposure to pesticides, ingestion of plastic in the food chain, and the hazards of indoor air pollution through exposure to volatile organic compounds.

  • Spaces available

    The working party will help the industry to update and enhance how potential risk from diabetes and excess mortality is considered, including the need to understand the underwriting implications as treatments improve, and potentially to develop new products that are tailored to those with diabetes.

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series. Modelling the structure and trends of cancer morbidity risk is important for pricing and reserving in related health insurance fields such as critical illness insurance and care provision. We model the dynamics of cancer incidence over time in different regions in England, using 1981-2016 ONS data. The modelling allows estimation of cancer rates at various age, year, gender and region levels, following a Bayesian setting to account for statistical uncertainty. Our analysis indicates significant regional variation in cancer incidence rates. 

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series. In this talk we will outline the steps Aviva took in pulling together our first large-scale disclosures on the exposure of our business to climate change published in March 2019; in line with the recommendations of the Taskforce on Climate-related Financial Disclosures. After touching on why insurers have such an important role in climate change, we'll cover a brief “how-to” guide for those who have not yet embarked on thinking about these topics before giving a case study of how the learnings from a TCFD disclosure exercise can be applied to investment portfolios.

  • Spaces available

    Part of the Protection, Health and Care Conference 2020 webinar series. 

    The insurance industry currently underwrites customers with diabetes based on a range of factors, medical expertise and various medical studies. The work undertaken by the Diabetes Working Party would help the industry to approach this using current research findings to update and enhance how potential risk from diabetes is considered. This includes the need to understand the underwriting implications as treatments improve, and potentially to develop new products that are tailored to those with diabetes. This webinar will present our latest findings in the management of this important chronic condition which will include research in collaboration with the ARC.