Joint Regional Seminar 2017

Transcription

1 Joint Regional Seminar July - 8 August Divergent The Devil is in the Details TAIPEI HONG KONG BANGKOK KUALA LUMPUR 31 JUL 1 AUG 2 AUG 4 AUG 7-8 AUG Organized by: Co-sponsored with:

2 Welcome to the Joint Regional Seminar 2017 OBJECTIVE The Joint Regional Seminar (JRS) is an annual event co-organized by the Institute & Faculty of Actuaries, Actuaries Institute Australia and Society of Actuaries with the support of the local actuarial societies in the region and designed to assist actuaries and other professionals in meeting CPD requirements. THE SEMINAR The JRS 2016 attracted a turnout of 740 participants in total. Thank you to all for your support! We are keen to put on another great seminar this year and it is with pleasure that we invite you to join us in the JRS in one of the following locations: Mon - Tue 31 Jul - 1 Aug Taipei (1.5 days) Wed 2 Aug Hong Kong Fri 4 Aug Bangkok Mon - Tue 7-8 Aug Kuala Lumpur (1.5 days) Given that actuaries like details and last year s seminar feedback called for more detailed and advanced applications, the Committee decided to build on last year s theme (Back to the Basics - Evolving Technical Matters) and to provide attendees a glimpse of the different approaches that could exist in the detailed application of various regimes and bases that Actuaries in the region are currently exposed to or will be facing in the future. Hence the theme of this year s seminar is Divergent The Devil is in the Details. The programme will feature the more traditional actuarial topics such as IFRS17, Asian market and product development, as well as sharing of advanced development such as new investment ideas, insurance analytics, etc. In line with this year s theme, speakers will focus on the detailed application where practice can diverge between countries/ companies despite the approach being similar on the surface. This JRS will bring our audience to focus on understanding the core actuarial technical applications required to adapt to the new and changing landscapes, regulations, technology. We are confident that this will be a seminar that all levels of actuaries could benefit from. CPD The Joint Regional Seminar qualifies for (Actuaries Institute Australia / IFoA / SOA / SOAT) Continuing Professional Development (CPD). Actuarial members may find it a useful contribution to their personal professional development. A maximum of 6 CPD hours* can be claimed from the Bangkok JRS. The amount of hours recorded is left to the discretion of the individual. * 1 CPD hour = 60 minutes

3 Dustin Ball Partner and APAC Insurance Transactions Leader, EY Dustin Ball is a partner and the EY Asia-Pacific Insurance Transactions Leader for Transaction Advisory Services bringing a full range of services to insurance clients of EY firms in Asia. He brings years of experience in strategy development, M&A, market entry, distribution channel transformation, partnerships, joint ventures and portfolio optimization. Based in Hong Kong, Dustin has been living and working in Asia since Prior to joining EY, Dustin was the CEO of BIDV MetLife, a joint venture between MetLife and BIDV in Vietnam. He led the formation of the joint venture, licensing and start-up of the company, and then served as CEO until Before working at BIDV MetLife, Dustin was the Asia-Pacific head of strategic development for several leading multinational insurers, where he was responsible for overseeing mergers and acquisitions in Asia, as well as developing new market-entry strategies. Dustin holds a Bachelor of Science in Chemical Engineering from the New Jersey Institute of Technology and an MBA in Finance and International Business from New York University s Leonard N. Stern School of Business. Will Halley Associate Director, Insurance APAC, Moody s Analytics Will is an associate director at Moody s Analytics. He joined Barrie & Hibbert (subsequently acquired by Moody s Analytics) in 2011 as a member of the modeling services team in Edinburgh, working on model calibration and investment governance services, before moving to the company's Hong Kong office as a Solutions Specialist in Formerly a Performance and Risk Manager at Alliance Trust Asset Management, Will has an MSc in Applied Mathematics from Heriot Watt University, a BSc in Mathematics from University Edinburgh and is a CFA charter holder. Dion Heijnen, AAG Senior Consultant, Willis Towers Watson Dion Heijnen has more than 12 years working experience in the insurance industry. He has expertise in the following areas: Embedded value reviews in Europe and Asia, including MCEV, EEV and TEV, Merger and acquisition / Initial public offering. Supported on M&As and IPOs with due diligence and valuation in Europe and Asia, including: Due diligence of an insurer in the Philippines and South Korea, and Valuation support for an insurer in Malaysia and Taiwan. Solvency II (mainly Pillar 1) & internal economic capital reviews, Asset-liability management, including implementation of an assetliability management model for a Hong Kong-based insurer and Appointed actuary reviews in Europe. Dion is a Senior Consultant in the Life insurance practice of Risk Consulting & Software in Hong Kong. He has been seconded to Hong Kong from the Netherlands since March Dion holds an MSc in Econometrics from the VU Amsterdam (2004), an MSc in Financial and Actuarial Engineering (2005) and an MSc in Insurance (2006) from the Katholieke Universiteit Leuven. He has been awarded the Charter Financial Analyst Charterholder (2014). And he is also a member of the Dutch Society of Actuaries ("Actuarieel Genootschap").

4 James Lin Senior Manager, EY James is a Senior Manager in EY's Asia-Pacific Insurance Advisory Services Group. He has led multiple projects in strategy development, business analytics, investment analytics, risk and capital management with banks and insurance companies in Australia and Asia. Vanessa Lou, FIAA Associate Director, EY Vanessa Lou, FIAA, is an Associate Director with EY s ASEAN Insurance and Actuarial Services team based in Singapore. Vanessa has over 10 years of experience in Asia Pacific, having advised a number of insurers across most countries in Asia, and experience working with one of the largest insurers in Australia. Her experiences include actuarial due diligence, actuarial modelling, and statutory audits, financial reporting, appraisal valuation, business planning, valuation, product development and pricing in the region. Cindy Nawacharoen Manager, EY Cindy is a Manager in EY s ASEAN Insurance and Actuarial Services team based in Singapore. She has experience working in both life insurance company and consulting firms in Asia. Her experiences include actuarial valuation, financial reporting, product development and design, actuarial due diligence, actuarial modelling, credit risk modelling, market assessment, and capital planning in the ASEAN region.

5 Ellen N. Ryan D.Phil. First Executive Vice President, Head of Group Risk Strategy, Siam Commercial Bank PCL Ellen N. Ryan, D. Phil., is First Executive Vice President, Head of Group Risk Strategy for Siam Commercial Bank PCL (SCB) in Bankok, Thailand. Ellen joined SCB in 2010 and currently manages a new risk function tasked with evolving SCB s risk management framework to align with SCB Group s changing business strategy and the challenges created by increasing uncertainty in the financial services and macroeconomic environments, including support for SCB s asset management, securities and insurance subsidiaries. Ellen also oversees a team responsible for procuring and managing SCB Group financial lines and non-financial lines insurance programs. Ellen is a senior financial risk management professional with twenty five years international experience in market risk management, equities and equities derivatives trading, fixed income structuring and debt capital markets. During the past fifteen years she has added responsibility for operational risk management including crisis management and has had considerable business continuity management experience. Prior to joining SCB, she spent eight years with Credit Suisse in Asia-Pacific regional roles including liaison with regional financial supervisors on risk management and Basel II implementation. Ellen has a First Class Honours Batchelor of Science degree in Phyisiology from the University of London and a Doctorate of Philosophy in Neuroscience from the University of Oxford. Craig Turnbull, FIA Investment Director, Standard Life Investments Craig joined Standard Life Investments in March 2015 after a fifteen-year career at Barrie & Hibbert. At B&H, he was Head of Research and Advisory, overseeing industry-leading work in insurance asset-liability modelling, economic capital, Solvency II and the hedging of insurance liabilities. At SLI, Craig leads the Insurance Solutions team, which works closely with Standard Life Investment s global insurance client group to support their insurance asset management requirements. Craig qualified as a Fellow of the Institute and Faculty of Actuaries in In 2013, he was awarded the Institute of Actuaries Peter Clark Prize for best actuarial research paper. He is the author of the recently-published book, A History of British Actuarial Thought. Hector Wong Regional Chief Medical Officer, Vice President, Life & Health Products, Swiss Re Dr Hector Wong joined Swiss Re in April 2015 as Regional Chief Medical Officer for Asia. In his current role, he is responsible for managing the medical officers team in Asia Pacific region in supporting our clients to solve all medical risk challenges related to underwriting, claims and product designs. Hector graduated from medical school of University of Hong Kong. He had post-graduate training in Internal Medicine in Princess Margaret Hospital (HK) before passing the membership examination of the Royal College of Physicians of UK. After some years of clinical practice, he joined AXA China Region Insurance Company as Medical Director in Hector relocated to New Zealand in early 2000 where he worked for AMP & OnePath Life for 10 years in underwriting, claims and Chief Medical Officer role. He was the committee member of the industry group LADUCA in New Zealand in 2013 and currently an associate fellow member of ALUCA of Australia.

6 Theme: Divergent The Devil is in the Details MC: Athittaya Nawacharoen, EY Registration Welcome Remarks Pichet Jiaramaneetaweesin, President of the Society of Actuaries of Thailand Insurance Investment: Global Trends - Local Solutions Divergent Investment Trends across Asian Insurance Markets Craig Turnbull, Standard Life Investments Morning Coffee Break Seeing the Future? How Genetic Testing will Impact Life Insurance Dr. Hector Wong, Swiss Reinsurance Undiscovered Opportunities - Advanced Analytics for Insurance Distribution Lunch James Lin and Dustin Ball, EY Practical Application of the New International Financial Reporting Standard for Insurance Contracts Dion Heijnen, Willis Towers Watson Asset Liability Management Best Practice in Insurance Will Halley, Moody s Analytics Afternoon Coffee Break Robotic Process Automation - Application for Insurers Vanessa Lou and Cindy Nawacharoen, EY A Random Walk to Chaos Ellen N. Ryan, Siam Commercial Bank PCL Closing Remarks Itt Apiraktivong, Vice President of the Society of Actuaries of Thailand 1700 End

7 Joint Regional Seminar 2017 Bangkok Target Audience C-Suites of life and non-life insurance companies, reinsurers and regulators Professional in life and non-life insurance industry: * * * Actuaries, Investment Managers, Risk Analysts, Underwriters, Claim Officers, Auditors, Consultants, Academics and Interested People Date & Time Friday, 4 th August 2017 (9:00 AM 5:00 PM ) Seminar Venue S31 Sukhumvit Hotel, Ballroom 1, 5th Floor, 545 Sukhumvit 31, Klongoey-Nua, Wattana, Bangkok 10110, Thailand Language English Remarks All bank charges are to be paid by the sender. Complete registrations will be confirmed by . Registration fee includes refreshment, breaks and lunch. No refunds will be made for cancellations. Seminar receipts will be provided at reception desk on 4 th August 2017 upon request. Accommodation Arrangement Choice of 2 hotels: S31 Sukhumvit Hotel (Seminar Hotel - Appendix I) S Box Sukhumvit Hotel (Budget Hotel - Appendix II) For reservations, enjoy a special rate by booking directly with Khun Phanuphong (Ben), Mobile: , phanuphong_d@s31hotel.com or Khun Visidhi, Mobile: , visidhi_t@s31hotel.com.

8 REGISTRATION FORM JRS Bangkok Date: 4 Aug 2017 Venue: S31 Sukhumvit Hotel Ballroom 1, 5th Floor Company: Name in English: Job Title: Phone: (Please tick as appropriate) [ ] Member of Society of Actuaries of Thailand (SOAT) [ ] Fellow [ ] Associate [ ] Ordinary [ ] Non-member Deadline By : 25 th July 2017 Seminar Fees : THB 3,500 net per person for SOAT Member * THB 4,500 net per person for Non SOAT Member * * VAT included, withholding tax is not deductible. Payment Method : Cash or cheque payment at the SOAT office. Credit transfer to The Society of Actuaries of Thailand Or สมาคมน กคณ ตศาสตร ประก นภ ยแห งประเทศไทย Kasikorn Bank, Current Account No Swift Code: KASITHBK, Bank Address: Patpong Branch Registration : Please return your completed form with your payment to Ms. Oraphan Panit The Society of Actuaries of Thailand C/O 348 Soi Ratchadaphisek 9, Ratchadapisek Road (Thapra - Taksin) Dao Khanong Sub district, Thonburi Bangkok oraphan.panit@soat.or.th Tel :

9 Corporate Rate agreement between S31 SUKHUMVIT HOTEL 545 Sukhumvit 31, Klongtoey-Nua, Wattana, Bangkok Thailand Tel: (662) Fax: (662) And Promotion for Valued Corporate EFFECTIVE FROM : APRIL 01 st UNTIL JULY 31 st, 2017 Room Type Rack Rate Room size Number of Rooms Guaranteed Best Available Rate Single Double (New) Superior 6, Sqm. 36 2,800 3,150 Deluxe 6, Sqm. 18 doubles / 5 twins 3,150 3,500 (New) Premier 7, Sqm. 32 3,450 3,800 Junior Suite 7, Sqm. 8 3,550 3,900 Duplex Suite 8, Sqm. 8 Duplex Corner Suite 9, Sqm. 4 3,900 4,250 Panorama View Suite 9, Sqm. 8 4,250 4,600 Executive Panorama View Suite 10, Sqm. 2 4,600 4,950 Family Residential Suite 60, Sqm. 1 19,500 ( 6 Occupants ) * The above rates are net and inclusive of 10% service charge and 7% government tax and quoted in Thai Baht. ** Extra person rate THB 1,200 net per night inclusive of daily buffet breakfast. Deluxe Room and Junior Suite cannot accommodate. Special Benefits for Corporate Guest - Welcome drink upon arrival - Daily Buffet Breakfast - Unlimited usage WiFi Internet for both in room and public area - Complimentary usage of in-room microwave - Complimentary tea and coffee making facilities - Free use of in-room digital safe - Free use of Fitness Center, Sauna and Steam Bath - Free use of Business Center - Daily English Newspaper General Conditions: 1. Reservation: When booking, please clearly state: Corporate rate applicable, company name, arriving flight details and time. In the event of guest arriving with no prior reservation and requesting the corporate rate, the guest must show name card from the contracted company with him/her name stated, otherwise full room rate will be applied. 2. Credit: Unless prior confirmation has been received and agreed by the authorized signatory of the contracted company and the hotel, all payments should be settled by the individual guest concerned upon check-out. If the company wishes to be invoiced for accommodation, this is to be agreed by the hotel management and all invoices must be settled upon agreement. For each individual booking a letter of guarantee is required indicating which expenses are to be paid by the company (e.g. room and breakfast only). 3. Child Policy: Child under 12 years old and sharing room with existing bed will be accommodated at no additional charge unless an extra bed is required (Extra bed charge is THB 1,200.-net including ABF) Breakfast is free for child up to 4 years old. Above 4 years old, there will be daily Baht. 250 Charge for daily breakfast. ABF: Adult THB 500 net per person Child THB 250 net per person (age 4-12 years) 4. Cancellations & No Show : Cancellations of reserved rooms must be made at least 3 days prior to arrival otherwise 1 night will be charged. No-Show will be charged 1 night. Early check out from reserved departure date will be charged 1 night. 5. Check in time: hrs. and Check out time: (noon) hrs.: Early check in earlier than am, half day charge is applied and subject to room availability. To guarantee for securing room for early check in, one day charge is applied. Late check-out at 13.00pm pm, half day charge is applied and subject to room availability. Late check-out after pm, full day charge is applied. S31 SUKHUMVIT HOTEL Phanuphong D. Phanuphong Duangkrut Room Sales Executive 545 Sukhumvit 31, Klongtoey-Nua, Wattana, Bangkok Thailand Tel: (66 2) Fax: (66 2) info@s31hotel.com Website : Please call Khun Phanuphong (Ben) Mobile: phanuphong_d@s31hotel.com

10 Corporate Rate agreement between S BOX SUKHUMVIT HOTEL 4 Sukhumvit 31, Klongtoey-Nua, Wattana, Bangkok Thailand Tel: (662) Fax: (662) info@sboxhotel.com And Effective from: December 01 st, 2016 October 31 st, 2017 Room Type Rack Rate Room size Guaranteed Best Minimum 2 Nights Rate. Number Available Rate of Room Single Double Single Double Scap - 7 Sqm Box 5.0 1, Sqm. 7 1,350 1,450 1,300 1,400 Box 5.5 1, Sqm. 60 1,450 1,550 1,400 1,500 Box 6.0 2, Sqm. 7 1,550 1,650 1,500 1,600 MONTHLY STAY *Based on 30 nights stay. (NOW TILL OCTOBER 31 st, 2017) Room Type Rack Rate Room size Number Monthly Rate of Room Single Double Box 5.0 1, Sqm Box 5.5 1, Sqm ,500 37,500 Box 6.0 2, Sqm. 7 37,500 40,500 * Monthly payment is required upon check in. GROUP RATE (MINIMUM 10 ROOMS OR 10 ROOM NIGHTS UP) (NOW TILL OCTOBER 31 st, 2017) Room Type Room size Number of Room Corporate Name Single Group Rate Double Box Sqm. 60 1,300 1,400 Box Sqm. 7 1,450 1,550 * The above rates are net and inclusive of 10% service charge and 7% government tax and quoted in Thai Baht. ** Daily buffet breakfast at S31 Hotel, charge at THB 200 net per person per day. Special Benefits for Corporate Guest - Mini Breakfast Bar - Free use of in-room digital safe - Unlimited usage WiFi Internet for both in room and public area - Complimentary tea and coffee making facilities General Conditions: 1. Reservation When booking, please clearly state: Corporate rate applicable, company name, arriving flight details and time. In the event of guest arriving with no prior reservation and requesting the corporate rate, the guest must show name card from the contracted company with him/her name stated, otherwise full room rate will be applied. 2. Credit Unless prior confirmation has been received and agreed by the authorized signatory of the contracted company and the hotel, all payments should be settled by the individual guest concerned upon check-out. If the company wishes to be invoiced for accommodation, this is to be agreed by the hotel management and all invoices must be settled upon agreement. For each individual booking a letter of guarantee is required indicating which expenses are to be paid by the company (e.g. room and breakfast only). 4 Sukhumvit 31, Klongtoey-Nua, Wattana, Bangkok Thailand Tel: (662) Fax: (662) Reservation Center Tel. (662) info@sboxhotel.com Please call Khun Phanuphong (Ben) Mobile: phanuphong_d@s31hotel.com or Director of Sales Khun Visidhi Mobile: visidhi_t@s31hotel.com

11 3. Child Policy Child under 12 years old and sharing room with existing bed will be accommodated at no additional charge. Breakfast is free for child up to 4 years old. Above 4 years old, there will be daily Baht. 150 Charge for mini breakfast bar. ABF: Adult THB 250 net per person Child THB 150 net per person (age 4-12 years) 4. Cancellations & No Show Cancellations of reserved rooms must be made at least 3 days prior to arrival otherwise 1 night will be charged. No-Show will be charged 1 night. Early check out from reserved departure date will be charged 1 night. 5. Check in time: hrs. and Check out time: (noon) hrs. Early check in earlier than am, half day charge is applied and subject to room availability. To guarantee for securing room for early check in, one day charge is applied. Late check-out at 13.00pm pm, half day charge is applied and subject to room availability. Late check-out after pm, full day charge is applied. S BOX SUKHUMVIT HOTEL Confirmed and accepted on behalf of Corporate Name Phanuphong Duangkrut Visidhi Thammanubarn Name.. Room Sales Executive Director of Sales Position Date:.. Date:. Date:.. 4 Sukhumvit 31, Klongtoey-Nua, Wattana, Bangkok Thailand Tel: (662) Fax: (662) Reservation Center Tel. (662) info@sboxhotel.com Please call Khun Phanuphong (Ben) Mobile: phanuphong_d@s31hotel.com or Director of Sales Khun Visidhi Mobile: visidhi_t@s31hotel.com