PERSATUAN INSURANS AM MALAYSIALevel 3, Wisma PIAM, 150 Jalan Tun Sambanthan, 50470 Kuala Lumpur Telephone: 603-22747399 (Hunting Line) Fax: 603-22745910 E-mail: [email protected]

REPLIES TO THIS CIRCULAR ARE ESSENTIAL

MEMBERS’ CIRCULAR NO: 00116 OF 2018

18 June 2018 The Chief Executive Officer

Dear Sir/Madam, ASM 8TH GENERAL INSURANCE AND TAKAFUL ACTUARIAL SEMINAR, 2018

We refer to above Seminar organized by the Actuarial Society of Malaysia (ASM) which will be held from 25 & 26 June 2018 at the Double Tree by Hilton Hotel, The Intermark, 348, Jalan Tun Razak, 50400 Kuala Lumpur. Further details on the seminar are available in the brochure attached. ASM has invited member companies to register participants for the seminar. Kindly submit your registration directly to ASM using the event link website at: http://actuaries.org.my/event-sign-up-8th-gitas-2018/ Thank you. Yours faithfully Secretariat Persatuan Insurans Am Malaysia (This is a computer generated circular and does not require a signature) Distribution:- Member Companies /s

PERSATUAN INSURANS AM MALAYSIA (General Insurance Association of Malaysia)

Level 3, Wisma PIAM, 150 Jalan Tun Sambanthan, 50470 Kuala Lumpur

Telephone: 603-22747399 (Hunting Line) Fax: 603-22745910 E-mail: [email protected]

Riding the Wave of Change 8th General Insurance & Takaful Actuarial Seminar

25th – 26th June 2018 | DoubleTree by Hilton Hotel

Organized by

The Actuarial Society of Malaysia

Co-Sponsored by

DETAILS

DoubleTree by Hilton Hotel

The Intermark, 348, Jalan Tun Razak, 50400 Kuala Lumpur, Malaysia.

Special thanks to our

sponsor!

Casualty Actuarial Society

ASM Members (Early Bird) RM 725

ASM Members (Normal Rate) RM 775

Non-ASM Members (Early Bird) RM 775

Non-ASM Members (Normal Rate) RM 825

Students (Limited, first come first served) RM 150

Venue

Price

Early Bird Closing Date: 11th June 2018

Registration Closing Date: 18th June 2018

Closing Date

Sign up for this event at http://actuaries.org.my/event-sign-up-8th-gitas-2018/

Registration

http://actuaries.org.my/event-sign-up-8th-gitas-2018/
















8:00 am Registration & Light Coffee

9:00 am Kenny Tan (AmGeneral) Opening Remarks

9:05 am Hew Ee Lu (BNM) Phased liberalisation of Motor and Fire Tariff – Regulator’s Cut

9:50 am Winnie Chua (PolicyStreet) Building an InsureTech as an ex-Corporate

10:35 am Break

10:55 am Kelvin Hii (MSIG) Activity-Based Costing (Expense Allocation)

11:40 am Adam Flowers (Microgen) Components of an IFRS 17 Solution: Emerging Best Practices and Operational

Considerations

12:25 pm Lunch

1:45 pm

Moderator: Yuen Leng Chin (Zurich)

Panelists: Cheow Tjern Yipp (Tokio Marine),

Joshua Koh (AXA), Jason Lim (Allianz), Mike

Kelsall (AmGeneral)

Panel Discussion on Phased Liberalisation - Issues and Pitfalls of Implementing a De-Tariff

Framework

2:30 pm Pang Chye (Milliman) Update on Insuretech

3:15 pm Break

3:35 pm Nurul Syuhada Nurazmi (Actuarial Partners) 2018 CAS Spring Meeting: The Takeaways

4:20 pm Nicholas Yeo (Nicholas Actuarial Solutions) Customer Lifetime Value - An Application of Data Analytics in Insurance

5:05 pm Kenny Tan (AmGeneral) Closing Remarks

5:10 pm Networking session

6:30 pm End

AGENDA | DAY 1 Monday, 25th June 2018

8:00 am Registration & Light Coffee

9:00 am Yuen Leng Chin (Zurich) Opening Remarks

9:05 am Aaron Morris (ISM) Beat the Cheats with Analytics

9:50 am Zhi Kai Chong and Vandana Toshniwal (NMG) Costing is Not Pricing

10:35 am Break

10:55 am Valerie Gilles-Coeur and Li Qin Yeoh (Swiss Re) (Re)insurance Market Changes, around the World and in Malaysia: Additional Opportunities

for the Actuaries to Proactively Support Their Top Management

11:40 am Lucas Ooi (Ringgitplus) Keeping up with the Digital Landscape

12:25 pm Lunch

1:45 pm

Moderator: Kenny Tan (AmGeneral)

Panelists: Liyana Ang (Berjaya Sompo), Nanthini

Kandasamy (AXA), Kelvin Hii (MSIG)

Panel Discussion on Fast Changing Business Landscape – Role of CRO/Risk Management

2:30 pm Break

2:50 pm Fabian Fidelis (ProActive Training) Mental Paradigm Shift to Creative Improvement

4:50 pm Yuen Leng Chin (Zurich) Closing Remarks

5:00 pm End

AGENDA | DAY 2 Tuesday, 26th June 2018

SPEAKERS

Hew Ee Lu

Ee Lu is the Director of Insurance and Takaful Supervision Department in Bank Negara Malaysia. With

over 17 years of technical and supervisory experience, Ee Lu has served in various roles to support the

regulation of insurance industry in Malaysia. He has been actively involved in the development of

capital adequacy frameworks for insurers, risk based supervision framework and implementation of

various reforms in the motor insurance market. Ee Lu obtained a BSc in Actuarial Science from the London

School of Economics and an MSc in Actuarial Management from Cass Business School. He is a Fellow of

the UK Institute of Actuaries.

Winnie Chua Winnie is the Co-Founder and Chief Product Officer/Chief People Officer of PolicyStreet. Her 7 years of insurance industry

experience encompasses actuarial roles in data mining, predictive modelling, product development to business roles in

financial analytics, impact assessment and stakeholders’ management. She was also part of General Insurance Association of

Malaysia (PIAM) Young Managers Think Tank committee, focused on identifying talent management issues plaguing the

often-misunderstood industry, and initiatives to nurture next generation of insurance professionals.

Recently, she was named Forbes Asia 30 under 30, under Finance and Venture Capital category. She is currently a member

of Industry Advisory Council for PayNet, Malaysia's premier payments network and central infrastructure for financial markets.

She holds the Bachelors of Actuarial Studies from the Australian National University, Canberra.

SPEAKERS

Kelvin Hii

Kelvin Hii is the Vice President - Actuarial of MSIG Insurance (Malaysia) Bhd.

He is a Fellow of the Institute of Actuaries of Australia and a Fellow of the Actuarial Society of Malaysia.

He holds a Bachelor of Commerce (Actuarial Studies) from the University of Melbourne.

Adam Flowers

Adam has extensive expertise in specialised accounting products which solve regulatory requirements for

large complex organisations including IFRS 15, IFRS 16 and IFRS 17. At Aptitude Software, he provides the

capabilities and deep functional expertise to support his clients in achieving compliance on-time whilst

ensuring minimal disruption to existing processes and systems.

SPEAKERS

Yuen Leng Chin

Yuen is the Appointed Actuary for Zurich Insurance & Takaful in Malaysia. She has been involved in the

detariffication journey over the past few years, from developing actual pricing models to being on a steering

committee which oversees detariffication strategies for a business. Her experience spans across valuation,

capital modelling, reinsurance optimisation and profitability analysis, mergers and acquisitions. She is

currently the professional development council member of the Actuarial Society of Malaysia.

Cheow Tjern Yipp

TJ is the Head of Motor Department in Tokio Marine Insurans (Malaysia) Berhad. Prior to this, he was

Executive Assistant to the CEO, involved in strategic planning and various transformation projects. He has

also served in Actuarial and Risk Management functions in the organization. Before joining Tokio Marine, TJ

spent 3.5 years in an actuarial consultancy.

SPEAKERS

Joshua Koh

Joshua is the Motor Pricing Manager of AXA Affin General Insurance Berhad. He has 6 years of experience

in the general insurance industry and has experience in product pricing, insurance liability valuation, stress

testing and reinsurance optimization. Joshua is also a Fellow of the Casualty Actuarial Society.

Jason Lim

Jason Lim is the Motor Pricing Manager of Allianz General Insurance Company (Malaysia) Berhad,

responsible for building and implementing risk-based motor pricing in the phased liberalisation of the motor

insurance in Malaysia. His prior experience includes insurance liability valuation and capital modeling.

SPEAKERS

Mike Kelsall Mike currently holds the position of SVP, Product Strategy at AmGeneral Insurance Malaysia – he was appointed to this

position in April 2017. The role involves the development and delivery of new & enhanced products, as well as developing

strategies and managing through market implications in the Liberalised environment.

Before moving to Malaysia, Mike spent the previous 8 years in senior roles in Asia, with responsibilities mainly across

underwriting, risk selection, product pricing and content and capability development. These roles have been based in

Singapore, China and India, with a range of IAG group companies.

Prior to taking up roles in Asia, Mike held senior positions within the IAG group in Australia, including the role of National

Underwriting Manager. Mike has over 37 years’ experience in the general insurance industry.

Pang Chye

Pang is a principal and actuary with Milliman, based in Hong Kong. He joined the firm in 2002, after

spending more than two and a half years with Milliman in New York and six years with an actuarial and

management consultancy in Southeast Asia.

Pang specialises in property and casualty insurance and healthcare. He has consulted to more than 100

property and casualty insurance and reinsurance companies in Greater China and Southeast Asia, as well

as governments, insurance companies, health plans, hospitals, physician groups, and pharmaceutical

companies in Asia, the US and South Africa.

SPEAKERS

Nurul Syuhada Nurazmi Syuhada joined Actuarial Partners since May 2004 after completing her BA in Actuarial Science and Risk Management &

Insurance at University of Wisconsin, Madison (USA). She is among the first in Malaysia to qualify as a Fellow of Casualty

Actuarial Society.

She has performed reserving work under the RBC Framework for general insurers and takaful operators in Malaysia, Brunei,

Mauritius and Bahrain. Her experience in appraisal valuation ranges from due diligence of the general insurers and takaful

operators to determining the potential value of a bancassurance general operations of a Malaysian insurer. On risk

management, Syuhada has been involved in setting up as well as reviewing the ICAAP for insurance and takaful companies

in Malaysia. Syuhada is also involved in the pricing and certification of Medical and Health insurance and takaful products in

Malaysia.

She is currently the Appointed Actuary for several general insurers and takaful operators in Malaysia and Brunei.

Nicholas Yeo

Nicholas is the founder & actuary of Nicholas Actuarial Solutions, a technology focused actuarial firm, with

propositions in artificial intelligence, insurtech and analytics. In June 2017, Nicholas Actuarial Solutions has

received official recognition from the Government of Malaysia for its pioneering activities in these fields and

its overall contribution towards the development of Malaysia's digital economy.

Nicholas qualified as a Fellow of the Institute and Faculty of Actuaries in 2008. He is also a Fellow of the

Actuarial Society of Malaysia, Fellow of the Society of Actuaries and Fellow of the Singapore Actuarial

Society. He is a council member of the SOA's entrepreneurial and innovation section.

SPEAKERS

Aaron Morris

Aaron Morris is the Head of Business Intelligence of ISM Insurance Services Malaysia Berhad. He joined

the company in 2013, prior to that he was attached to AIG Shared Services.

He received his Bachelor of Science in Mathematics from the University of Wisconsin – Eau Claire, and has

almost 8 years of experience in the insurance industry.

Zhi Kai Chong

Zhi Kai is an Analyst at NMG Consulting since 2016. Since joining NMG, he has been involved in various

statutory and advisory projects for (re)insurance companies in the region. Zhi Kai’s experience includes

statutory IBNR reserve valuations for general (re)insurance operators across South East Asia, statutory

valuation for retirement benefit schemes, insurance product segmentation analysis and pricing model

development, and captive feasibility study including retention modelling and business optimisation. Zhi Kai

graduated from Sunway University with a Bachelor of Science in Actuarial Studies.

SPEAKERS

Vandana Toshniwal

Vandana is a Consultant with NMG Consulting, based in Kuala Lumpur since June 2016. Prior to joining

NMG, she was with a multinational consulting firm, specialising in Life insurance and Employee Benefits.

Since joining NMG, she has been involved in IBNR reserve and retirement benefit valuations along with

building Business Planning and Stress testing models for General Insurance companies in Asia. Vandana

also manages Indian market insights, for the ‘NMG Life & Health reinsurance programme’.

Valerie Gilles-Coeur Valerie Gilles-Coeur leads the Singapore Business Development team in Swiss Re. Based in Singapore, she is responsible

for helping clients use reinsurance to improve their technical efficiency and financial soundness.

Valerie has extensive experience in the Property and Casualty (P&C) direct and reinsurance business. Prior to joining

Swiss Re, she was a regional actuary with ERGO Asia, where she supported subsidiaries on motor pricing, claims

reserving and capital modelling. Before that, she was with AXA for 15 years. There she headed the process for assessing

the value of its P&C business, approving new products, and headed the Research & Development team to build up

components of the internal capital model at AXA.

Valerie is a qualified actuary and holds a Master of Business Administration from INSEAD.

SPEAKERS

Li Qin Yeoh

Li Qin joined the Business Development team in Swiss Re last year, where she supports business

origination activities by developing reinsurance solution ideas that fit within the client's financial and capital

strategy.

Prior to this, she was with the actuarial team in XL Catlin; providing pricing and analytical support to

underwriters, in addition to having worked on group reserving and local statutory actuarial requirements.

Lucas Ooi Lucas graduated from University of Bath, United Kingdom in 2008 with a Bachelor Of Science (Hons) in Business

Administration. After several internships with financial companies, he joined RBS as a graduate and then subsequently moved

to Societe Generale, working in the loan and credit markets. He then moved back to Malaysian and ventured into financial

technology industry where he co-founded SaveMoney.my in 2012, a financial education website aiming to improve the

financial literacy of Malaysians. In 2014, SaveMoney.my merged with RinggitPlus.com, an online financial comparison website

to form South East Asia’s first full stack fintech company, Jirnexu. Lucas currently looks at the development of the Insurance

Business for Jirnexu. Today, Jirnexu owns and operates 2 online financial aggregators (OFA) in South East Asia, RinggitPlus

in Malaysia and KreditGoGo in Indonesia. Combined, the websites attract more than 2 million visits a month and has over 100

employees. Jirnexu has raised venture capital funding from the likes of SBI Group, SIG Asia Investments, Cento Ventures,

NTT Docomo & OSK Ventures.

SPEAKERS

Liyana Ang

Liyana Ang has more than 24 years of work experience, about 20 years of which have been focused on the

insurance industry. Currently, Liyana is the Chief Risk Officer of Berjaya Sompo Insurance Berhad. Prior to

joining Sompo, she was the CRO of Chubb Insurance in Malaysia. She was also the Head of Operational

Risk in Etiqa Insurance and Takaful. Liyana’s expertise are in enterprise risk management, change

management, process improvement and internal audit & risk mitigation. She is also member of IERP and

The Institute of Operational Risk.

Tan Wee Keat, Kenny

Kenny is the Appointed Actuary of AmGeneral Insurance Berhad. He has over 13 years of experience in the

general insurance industry across actuarial, claims, and risk management functions. Prior to joining

AmGeneral, Kenny has held several number of actuarial and operations leadership roles in the United

States. Kenny also has hands-on experience in a liberalised insurance market which will be an added

advantage as AmGeneral navigates through the phased liberalisation of the motor and fire insurance sector.

Kenny graduated with a Bachelor of Science in Actuarial Science and Mathematics from the University of

Iowa and an MBA from Capital University in the United States. Kenny is also a Fellow of the Casualty

Actuarial Society and a Fellow of the Society of Actuaries.

SPEAKERS

Fabian Fidelis Fabian Fidelis is the CEO and Principal Trainer of ProActive Training and the Author of the Worldwide Distributed Book

entitled “The Tao of Talking: The Speakers Tenets towards Charisma”. He is a Master Trainer with many years of experience

as a Senior Manager in the hospitality industry specializing in management and customer service. He has conducted trainings

for numerous multinationals, local companies as well as government departments in his many years in the training arena.

Fabian holds a Masters Degree in Business Administration from Ecole Superieure de Gestion, Paris. He is also a Certified

Practitioner of Neuro-Semantics from the International Society of Neuro-Semantics, USA (ISNS), Certified Practitioner of NLP

by the National Federation of Neurolinguistic Programming, USA (NFNLP) and a Certified MBTI® Administrator. Fabian has

been appointed as Master Trainer to certify Professional and Organizational Trainers delivering the MiniWorkshopSeries®.

Nanthini Kandasamy

Nanthini is the Chief Risk Officer of AXA Malaysia. She has 13 years’ experience in General Insurance and

Actuarial field. Nanthini was responsible in setting up a dedicated risk management function for AXA Affin

General Insurance Berhad that covers P&C Risk, Financial Risk, Enterprise Risk Management in addition to

Operational Risk. Prior to this, she was heading the Actuarial Department in the company overseeing

among others valuation, pricing, GLM based modelling, Motor de-tariffication project, portfolio monitoring

and business analytics.

SHOBAFile AttachmentASM Brochure Final.pdf

Documents

PERSATUAN INSURANS AM MALAYSIALevel 3, Wisma PIAM, 150 Jalan Tun Sambanthan, 50470 Kuala Lumpur Telephone: 603-22747399 (Hunting Line) Fax: 603-22745910 E-mail: [email protected]