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
Senior Advisor for Data and Artificial Intelligence at UnionBank Philippines
Prof Benjamin Horton
Chair, Asian School of the Environment
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|
Speaker: Rade Musulin, Finity Consulting
|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
|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):
Speaker: Harun Kannan Rajagopal, EY
|Thursday 10 September|
In this session Steven will introduce some new frontier solutions to solve the current problems such as:
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:
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:
Speaker: Achim Regenauer, Partner Re
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:
Speaker: Mahidhara Davangere, Pramartha
|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
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
We will then look at case-studies around topics potentially discussing:
Speaker: Sylvia Pleskot, Swiss Re
|Tuesday 22 September|
This webinar will cover:
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:
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
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|
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.
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.
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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.