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Asia Conference Webinar Series

Tuesday 1 September 2020 04:00 - Thursday 24 September 2020 10:00

Spaces available

There will be a prestigious line-up of international speakers discussing the insurance and financial industry’s innovation and change in Asia.  The conference will take place throughout September via an online platform. The webinars consist of plenary speaking sessions and a series of workshop sessions including Life, GI, Data Science, Sustainability, Risk Management and Investment.

This will be the perfect opportunity for you to discover,ask questions and be at the forefront of current and developing actuarial/financial topics and trends in Asia.

Webinars can be booked individually by selecting the 'Programme' tab below and clicking on the webinar title. IFoA members – please log in to your IFoA account before continuing with booking. Non-members please use the link provided for each webinar
Price: Members £15.00 | Non-Members £35 per webinar.

All webinars will be 60 minutes allowing for Q&A at the end. The live broadcasts with be in SST (Singapore Standard Time) All recordings will be made available after the webinar. 

Confirmed Plenary Speakers

David Hardoon
Senior Advisor for Data and Artificial Intelligence at UnionBank Philippines

 

 

Prof Benjamin Horton
Chair, Asian School of the Environment

 

 

 

Louise Pryor
President-elect of the IFoA

 

 

 

Dr Renard Siew
Founder of Accelerating Climate Action and the Climate Change Advisor to CENT-GPS

 

 

Tan Suee Chieh
President of the IFoA

 

Monday 7 September

12.00-13.00 SST: Using Actuarial Concepts to Analyze Mitigation Strategies for Climate Risk

  • Summary of building code and land use development processes
  • Lenses through which code development can be viewed
  • How changing conditions can affect building code and land use decisions
    • Demographics (e.g. development and population)
    • Insurance coverage and penetration
    • Climate change
  • Emerging "mitigation gaps"
    • Rising sea levels and coastal property (global)
    • Tropical cyclone poleward migration (Australia, Northeast Asia)
    • Changing bushfire risk (California, Australia)
    • Intense rainfall and flood (global)
  • How actuaries can help manage the gap
    • Catastrophe modeling in a changing climate
    • Capital modeling
    • Using savings in capital adjusted insurance cost as a proxy for the value of mitigation
    • Discounting future mitigation benefits

Speaker: Rade Musulin, Finity Consulting

LinkedIn profile

 

Tuesday 8 September

12.00-13.00 SST: A New Dimension in Motor Pricing: the Motor Market Analyser

Our client experienced a deterioration in its motor portfolio; the standard dimensions in the portfolio analysis did not reveal any specific patterns.

We have been enriching the client’s portfolio with external data as well as output of Swiss Re risk models. Diving into the individual dimensions created, we identified new profitability patterns.

Linking the identified patterns with further external data, we could shape a portfolio strategy from a geographical perspective, enabling the company to strengthen its underwriting and distribution network management.

Key take away: think differently on pricing and risk selection; broaden your sources of data; spacial analysis

Speaker: Valerie Gilles-Coeur, Swiss Re Asia

LinkedIn profile

 

Wednesday 9 September

16.00-17.00 SST: Application of IFRS 17 to Takaful contracts

The presentation will cover the following areas specific for Takaful contacts (both family and general business):
•    Overview – timeline, single accounting approach
•    What will change with IFRS 17?
•    What are the requirements under IFRS 17?
•    Understanding of Takaful requirements
•    Application of IFRS to Takaful contracts - reporting entity, consolidation, definition of insurance, presentation and disclosure, separation of insurance contracts, treatment of unallocated surplus
•    IFRS 17: Illustrative presentation of the income statement of Takaful Operator

Speaker: Harun Kannan Rajagopal, EY

LinkedIn profile

 

Thursday 10 September

12.00-13.00 SST: Enhancing Return of Insurance Companies under Low Interest Rate Environment

In this session Steven will introduce some new frontier solutions to solve the current problems such as:

  • Innovative strategic and tactical asset allocation strategies including a broad spectrum of asset classes such as multi-assets, private assets and alternatives on a global scale
  • Portfolio reinsurance strategies
  • Technology, digitalization and an integrated process to drive operational efficiency

Which will ultimately improve shareholders’ return on capital.

Speaker: Steven Yu, YuYuan Technology Company

16.00-17.00: Artificial Intelligence in Actuarial Work

We shall highlight the emerging technologies that will interact with the actuarial profession in order to provide a frame of reference for actuaries to use in performing actuarial work, such as:

  • AI in motor insurance pricing 
  • AI in loss reserving
  • AI in mortality modeling
  • AI in underwriting
  • AI in fraud & claims

During the presentation, we shall first describe the historical challenges driving different types of actuarial approaches before moving on to review the machine learning and AI techniques that have been implemented by actuaries in doing such work.

Speaker: Nicholas Chee Lek Yeo, Nicholas Actuarial Solutions

 

Monday 14 September

16.00-17.00 SST: We're getting older and older - aren't we?

Looking back and looking ahead: will we face a deceleration of mortality improvements in the next two decades? This webinar will cover:

  • Trends in medical advances: traditional Medicine 1.0 progress is running out?!
  • Medicine 2.0 with Genomics and technological advances may take longer than expected
  • Diabetes and Artificial Intelligence as an harbinger to another mortaility improvement?
  • Role of mortality drivers such as antibiotic resistance, pandemics, climate change
  • Socio-economic  classes and lifestyle trends
  • International and Asian trends
  • Implications for Life & Health buisiness

Speaker: Achim Regenauer, Partner Re

LinkedIn profile

20.00-21.00 SST: Metamorphosis - Rise of the Exponential Actuary

Even as new technologies The evolution of technology is gathering speed and rapidly disrupting everything from how one orders goods and services to how one finds transportation. Technology is a frontier on its own, continuing to evolve, grow and reshape our world. These technologies are also making their way into the workplace. Artificial intelligence, automation, machine learning, and the crowd are all examples of technologies that are redefining jobs and transforming entire professions by enabling humans and machines to work together side-by-side.

As this exciting future unfolds, the actuarial profession is ripe for automation and augmentation by technology – opening the door for actuaries to take on new dynamic, strategic business roles. Thus, Deloitte believes that actuaries now face a unique opportunity to play a more central role in their organizations – this is who we call the Exponential Actuary™.

An Exponential ActuaryTM is an actuary who is augmented by emerging, exponential technologies and poised to leave behind traditional tasks to focus on higher-value, strategic roles within the organization. This new generation of actuary will evolve to navigate this shifting landscape by embracing technology and focusing on outcomes that require human skills.

The rapid emergence of new technologies is at the core of the Exponential Actuary™. Computing tools, such as robotic process automation (RPA) and data wrangling software, are automating a wider range of actuarial tasks including preparing, cleaning, moving, and parsing data. Enterprise content management (ECM) and natural language generation (NLG) software can streamline and automate the creation of actuarial memorandum. Machine learning tools go beyond automation by augmenting actuarial process and generating new insights. An actuary equipped with these tools is empowered to pivot focus towards more advanced strategic analysis, fine-tuning reporting, developing insights from data, and communicating these insights proliferate, Actuaries face other major shifts, such as the rollout of global and local regulatory requirements. For example, the IFRS global insurance accounting framework will fundamentally change the “language” global insurance companies use and require re-thinking a variety of business processes, from data preparation through the booking of results to the ledger. To meet these demands, actuaries will have to leverage these exponential technologies, not traditionally used in the insurance industry, and also consider utilizing alternative staffing models. 

Actuaries who embrace these changes can elevate their capabilities and strengthen their value to their organization. There is now a potential to embrace and leverage the capabilities of new powerful computing tools to automate most of the repetitive tasks which are time consuming for actuaries. Thereby an Exponential Actuaries increase their value within an organization by spending their valuable time providing deep dive analysis and applying their expertise to improve the business. This will require actuaries to not only be skilled with cutting edge technology but also develop enduring skills such as communication, teamwork, cross-collaboration, and other skills that are uniquely “human” in nature. Organizations that embrace these changes can expect to be better prepared to meet regulatory requirements, to increase efficiency, and to be viewed as a desirable place to work by current and potential employees. As the future of work within insurance and risk management emerges, the Exponential Actuary™ will play a central role. However, actuaries and businesses will need to make the needed commitments and evolve to meet new demands.

This session will outline how Actuaries and Actuarial functions can successfully prepare themselves for the future of work.

Speaker: Darryl Wagner, Deloitte

 

Tuesday 15 September

12.0013.00 SST: Data Science and AI in Banking Rsk Management

This webinar will include:

  • Introduction to Data Science & Artificial Intelligence
  • Overview of changes Banking Sector due to technological revolution
  • Bank of England's moves on adoption of Data Science tools for Banking Sector
  • IFoA & Bank of England on how actuaries can add value in the risk dynamics of Banks
  • Regulatory level changes for Asian Banks and specific reference to RBI
  • Need forData Science & AI Tools in Banking Sector
  • Specific Case studies on Banking Risk Management, Basel 3 & Data Science implementation
  • Emerging Career opportunities for Actuaries as Data Scientists in Banks
  • Relevance of Actuarial Professional Certifications for Banking sector & Data Science

Speaker: Mahidhara Davangere, Pramartha

LinkedIn profile

 

Wednesday 16 September

12.00-13.00 SST: Innovate to Sustain - Health Insurance Solutions for the New Future

his webinar will include:

Major opportunities to bridge the USD 1.8 trillion health protection gap in Asia, focusing on health & wellness behaviours and chronic conditions.

How insurers can leverage data and technology to attract both healthy and impaired lives, promote higher engagement and retention of policyholders, and help customers maintain a healthy lifestyle.

The trend of digital health and what insurers can learn from and act on it (e.g. rapid adoption of digital health mobile apps)

Case studies on innovative and sustainable health insurance solutions launched in Asia, featuring blockchain, health risk score, dynamic pricing and disease management integration

Speaker: Raymond Leung, Swiss Re

 

Thursday 17 September

12.00-13.00 SST: Machine Learning in Portfolio Management

Machine learning is disrupting decision making in every area of finance. The most interesting applications of machine learning in finance is in the buy-side, including time series forecasting, market segmentation, and asset portfolio management.

The father of Q learning is Chris Watkins who came up with this machine learning method while playing with children. Q learning algorithm is to start with some input data, with a reward function, you can output an action to maximize the reward. 

In this session, speaker Jerome Ogrodzki will present a case study applying “Q Learning” method in portfolio management optimization.

Speaker: Jiajia Cui Moody's Analytics

Jiajia Cui is an Associate Director in Moody’s Analytics Research and Product team. She is leading quantitative research on various Wealth and Pension products. She is also leading reinforcement learning project in portfolio allocation. Prior to this position, she had been teaching in Liverpool University in Finance and Mathematics at undergraduate and postgraduate level. She had been leading professional trainings for UK  government officials (HSE). She graduated from the University of Edinburgh with a Ph.D. in applied Mathematics.

 

Monday 21 September

12.00-13.00 SST: Journey to a Cashless Society

Many countries are moving towards being largely cashless societies in this digital age. In this talk, we present findings from “The Cashless Society Working Party” of the IFoA, highlighting the diverse ‘cashless journeys’ in different countries and the lessons we can learn from them. We discuss related issues including financial exclusion, security and privacy within the context of the current COVID-19 situation.

Speaker: Justin Chan, AIA Singapore

LinkedIn profile

16.00-17.00 SST: Using Data Analytics for P&C Growth and Profit Optimization

This webinar will cover the overview of combining portfolio data with external data and look at the 

  • Why? What? How?
  • Some trends around the world

We will then look at case-studies around topics potentially discussing:

  • Growth in the middle market and challenges faced including limited data and insights, and fear of losing out on market segments not present
  • Ambitious plan for growth in the SME business, the need to develop digital distribution channels, but having limited experience of doing this.
  • The Swiss Re team behind the scenes
  • What the future holds
  • Conclusions - show me the data!

Speaker: Sylvia Pleskot, Swiss Re

 

Tuesday 22 September

12.00-13.00 SST: Rising up to the Challenge: SEA Non-Life Market Adapts to Move Forward

This webinar will cover: 

  • South East Asia non-life insurance market trends, covering premium growth, profitability, market concentration, penetration rate, key lines of business etc
  • Comparing regulatory framework in different markets and tendency to strengthen the current framework
  • Innovation and digital transformation: distribution channels, advancing in data analytics, IT platforms update, product innovation, regulatory support etc.
  • Challenges in some markets e.g.slowing down in premium growth, de-regulation, increasing competition, local government protection, reducing profitability, accounting standard changes, economic and political instability, rising costs, and how market players adapt to changes.

Speakers: Yuan Tian and Chris Lim, A.M. Best Asia-Pacific

16.00-17.00 SST: Practical Guide to Climate Change

This webinar will cover:

  • Understanding the implications of climate change on the activities of actuaries
  • Understanding of the practical steps can be taken by actuaries to allow for climate change in their work
  • Understanding the regulatory and disclosure aspects of climate change
  • Being able to link the climate change risk classifications to ERM framework
  • Understanding of the available climate change models that may be appropriate for life actuaries.

Speakers: Marjan Qazvini, Heriot-Watt University, Malaysia and Choong Hern Ooi

 

Wednesday 23 September

12.00-13.00 SST: Actuary’s Impact through Lifestyle Products

Apart from improving pricing accuracy, "Lifestyle Products" could also enhance

  • Distribution through micro-moment, e.g. notify dengue risks based on location
  • Product development and innovation, e.g. Holdall-policy
  • Underwriting, e.g. simple medical underwriting with health IoT
  • Claim automation and control, e.g. automatic and real-time claim based on flight status

Actuaries, who are high skilled in risk management with domain insurance knowledge, would be the perfect bridge to understand and prioritise customer’s protection. Then, we find ways to make the journey seamless, instead of force-fitting insurance into a digitalized ecosystem.

To share few real case scenarios (e.g. Tele-doctor, ticket sized insurance etc.)

Speaker: Chong Sheng Lim, Xiaomi Digital Technology Co, Ltd.

16.00-17.00 SST: The Role of Data Science in Customer-centric Insurance

The product development cycle has been broken by regulatory and competitive headwinds amidst increasingly demanding consumer expectations. The Royal Commission in Australia, Design Obligations in the UK, the insurtech ecosystem, and digital-first consumers demanding personalised solutions can all revolutionise the rapidly changing Asian insurance markets.

Actuaries can see the exciting opportunity to leverage machine learning and data science to upend the product-development process. Leveraging structured, unstructured and Natural Language Processing techniques, this paper showcases a journey combining external online insights with free text claims data and unstructured customer behaviour data to provide products that meet expectations of regulators and customers.

Speaker: MichaelStorozhev, Cover More Travel

 

Thursday 24 September

12.00-13.00 SST: Mortality Improvement - Will this last forever, how will this occur, and how may they differ between demographic and geographic cohorts?

This presenter / panel workshop hybrid will be anchored by two presentations examining the socioeconomic, medical and technological factors that will have a significant impact on mortality and our pricing over the next 20 years and beyond. These factors influence on continuing mortality improvements has been challenged of late with evidence in some western countries to be declining.  This workshop will discuss whether significant mortality improvement will continue in Asia or whether varying experience of low improvements or deterioration.  Specific topics such as genomics, technological advances, diabetes and Artificial Intelligence will be discussed, along with more traditional advances such as antibiotic resistance, pandemics, climate change, socio-economic classes and lifestyle changes.  Will there be a divergence between International and Asian mortality trends?  Please join us to find out and contribute to the discussion. 

Speakers: 

Dr Kamakhya Das, Partner Re

Dr K amakhya Das is the Chief Medical Underwriter, L&H, Asia Pac at PartnerRe.  Over  the last two decades, Dr Das has worked with both direct players and reinsu rers and contributed in the space of underwriting, claims, product development and strategy. His core strength has been around building dynamic underwriting solutions linked to distribution and customer behavior.

Ivan Lee, Swiss Re 

16.00-17.00 SST: Liability Aware Investment Solutions

This presentation explores some liability-aware investment solutions to address local regulatory changes faced by insurance companies in Asia. A number of countries in Asia will strengthen or implement their own risk-based capital frameworks in coming years (e.g. Singapore in 2020, HK in 2022, ICS by 2025). Consequently, insurers are expected to review their investment strategies on the general account with increased ALM considerations. Despite similarities between frameworks, there should not be a single optimal approach for all jurisdictions. Insurance investment solutions will need to adapt to each country specificities and capture local market environment and regulatory rules (e.g. Matching Adjustment).

Speaker: Thibaut Ferret, Aberdeen Standard Investments

Bio:  Thibaut Ferret is Senior Solutions Director for Asia Pacific region at Aberdeen Standard Investments (ASI) in Hong Kong. As part of the Client Solutions Group, his role is to ensure the delivery of customized investment solutions in Asia by leveraging on ASI’s investment expertise and portfolio construction capabilities. Thibaut is also a non-executive director at Heng Ang Standard Life, a life insurance company in China.
Prior to joining the firm in 2018, Thibaut worked as Head of ALM for Sun Life Hong Kong and Regional Head of Investments for AXA Asia. He was previously Head of Financial Engineering for AXA Investment Managers in Paris, principally in charge of designing bespoke multi-asset solutions for institutional investors. Thibaut started his career in Singapore in private banking and had subsequent risk roles for banks in Paris. Thibaut holds a Master’s Degree in Engineering from Mines ParisTech in France. He is also a CFA® charterholder and a fellow of the Institute and Faculty of Actuaries in the UK

 

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Pricing information

Members £15.00
Non-members £35.00

 

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Members and non-members, please click the titles under the programme tab, these have all been hyperlinked so that you can book straight onto the individual webinars.