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 OBJECTIVE Welcome to the Joint Regional Seminar 2017 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: 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 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) The Joint Regional Seminar qualifies for (Actuaries Institute Australia / IFoA / SOA / ASHK) 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 Hong Kong 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. Dave Cosentino, FSA Manager, EY Dave Cosentino is a manager in the Actuarial Services practice at EY Hong Kong. Dave has worked in the Hong Kong actuarial practice for the past two years after spending more than six years in EY's U.S. practice, based out of Chicago. Throughout his time as a consultant, Dave has advised clients throughout North America and Asia on a variety of topics. His main focus is around financial reporting, risk and capital analysis, and asset-liability management for life insurers. Dave has a Bachelor of Science degree from the University of Illinois (Urbana-Champaign) in Actuarial Science. He is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries. Dave is also a member of the Actuarial Society of Hong Kong (ASHK). Pauline Cheung, AIAA Manager, EY Pauline Cheung is a manager in the Actuarial Services practice at EY Hong Kong. Pauline has worked in Australia, Japan, and Hong Kong with direct European-based insurers before joining EY Hong Kong. Pauline has over eight years of experience in the life insurance industry. Her main focus has been around Solvency II, European Embedded Value (EEV), and establishing risk appetites for insurers. Pauline has a Master of Commerce degree from Macquarie University in Australia, majoring in Actuarial Studies and Finance. She is an Associate of the Institute of Actuaries of Australia (AIAA). Pauline is fluent in English, Cantonese, and Japanese.

4 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, Assetliability management, including implementation of an asset-liability management model for a Hong Kongbased 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"). Lai Jiang Bin, FIA Team Lead of Economic Capital, HSBC Insurance Lai Jiang Bin is currently leading the Economic Capital team in Actuarial and Risk Analytics at HSBC Insurance. He is responsible for EC related analysis and regular production of EC results for HSBC Insurance and Hang Seng Insurance. Jiang Bin is a Fellow of IFoA and has worked in UK and Hong Kong over 15 years in insurance companies as well as two of the big 4 consultancies. Ken Liang, ASA Assistant Director, Moody s Analytics Ken Liang is an assistant director at Moody s Analytics based in Hong Kong, responsible for the insurance segment in the Asia-Pacific region. In his current role, he provides insightful advice and solutions to clients on areas including risk management, quantitative methodologies, economic scenario simulation, market risk and economic capital modeling. Prior to his current role, Ken led stochastic model team of AXA Hong Kong and has served in actuarial area of life insurance for more than 15 years. He is an Associate of Society of Actuaries and Chartered Enterprise Risk Analyst. He holds BSc degree in applied mathematics from Sun Yat-Sen University.

5 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. Paul Manson Director, Moody s Analytics Paul Manson is a Director, ERS Insurance at Moody's Analytics. He joined Barrie and Hibbert (acquired by Moody's Analytics in 2011) in He has participated in many projects relating to life insurance solutions, specialising proxy modelling. Paul has work with a number of insurers to implement proxy model solutions for their internal capital models and to support the Own Risk and Solvency Assessment (ORSA). Since 2015, Paul has been located in Tokyo, responsible for advisory and business development, including implementation of ESG, proxy modelling, and stochastic investment planning solutions. Paul holds a Bachelor degree in Computer Science from University of Aberdeen and is also a CFA Charterholder. 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 Registration Welcome Remarks Kevin Lee, President of Actuarial Society of Hong Kong 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 Hong Kong RBC Lunch Hector Wong, Swiss Reinsurance Dave Cosentino and Pauline Cheung, 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 Paul Manson and Ken Liang, Moody s Analytics Afternoon Coffee Break Undiscovered Opportunities - Advanced Analytics for Insurance Distribution James Lin and Dustin Ball, EY Converging...Diverging Lai Jiang Bin, HSBC Insurance Closing Remarks Simon Lam Vice President of Actuarial Society of Hong Kong 1700 End MC : Roddy Anderson

7 REGISTRATION FORM Personal Particulars JRS HONG KONG Date: 2 Aug 2017 Venue: Regency Ballroom, Hyatt Regency Hong Kong, 18 Hanoi Road, TST, Hong Kong Name in ENGLISH Company in ENGLISH Address Phone Fax Preferred name on badge [ ] Member of actuarial organizations Name of actuarial organization Please specify status: [ ] Fellow Member [ ] Associate Member [ ] Student Member (tick as appropriate) [ ] Non-member Full House Deadline for registration: 17 July 2017 Registration and Payment Method HK$1,500 x Person(s) = HK$ Bookings are on a first-come-first-served basis. Registration fee includes refreshment breaks and lunch. Please return your completed form with your cheque payment to: Actuaries Office in Hong Kong, 1803 Tower One, Lippo Centre, 89 Queensway, Hong Kong or to anniechan@actuaries.org.hk. Your cheque should be in favor of The Actuarial Society of Hong Kong. Seminar receipts will be provided at reception desk on 2 August 2017 upon request. Cancellation Policy Cancellations should be made by contacting anniechan@actuaries.org.hk and also confirmed in writing. No refunds will be made for cancellations after 17 July The Society reserves the right to cancel the seminar if conditions warrant. Organized by: Institute and Faculty of Actuaries Actuaries Institute Australia Society of Actuaries Co-Sponsored with: Actuarial Society of Hong Kong