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converted ( 1 - 21 )X(1)S(pf1yalejn4... · Plot No. R-1, Tower II, Wing F, Level 2, Unit 206, Sector 40, Seawoods Railway Station, Navi Mumbai 400 706 Email: [email protected],

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  • CHIEF EDITOR

    Sunil SharmaEmail: [email protected]

    EDITOR

    Dinesh KhansiliEmail: [email protected]

    COUNTRY REPORTERS

    Nauman CheemaPakistan

    Email: [email protected]

    Kedar MulgundCanada

    Email: [email protected]

    T Bruce PorteousUnited Kingdom

    Email: [email protected]

    Vijay BalgobinMauritius

    Email: [email protected]

    Rajesh SSingapore

    Email: [email protected]

    Devadeep GuptaHongkong

    Email: [email protected]

    John SmithNew Zealand

    Email: [email protected]

    Frank MunroSrilanka

    Email: [email protected]

    Krishen SukdevSouth Africa

    Email: [email protected]

    CONTENTSActuary

    the

    INDIAwww.actuariesindia.org

    For circulation to members, connectedindividuals and organizations only.

    Printed and Published monthly by Vinod Kumar Kuttierath, Head of the Education and Training, Institute of Actuaries of India at PRINT VISION, 75/77, 1st floor, Punjani Ind. Estate, Near Abhishek Hotel,

    Khopat, Thane (W) 400 601, for Institute of Actuaries of India L & T Seawoods Ltd., Plot No. R-1, Tower II, Wing F, Level 2, Unit 206, Sector 40, Seawoods Railway Station, Navi Mumbai 400 706

    Email: [email protected], Web: www.actuariesindia.org

    Please address all your enquiries with regard to the magazine by e-mail at [email protected] do not send it to editor or any other functionaries.

    Back Page colour ` 38,500/- Full page colour ` 30,000/- Half Page colour ` 20,000/-

    Your reply along with the details/art work of advertisement should be sent to [email protected]

    The tariff rates for advertisement in the Actuary India are as under:

    Disclaimer : Responsibility for authenticity of the contents or opinions expressed in any material published in this Magazine is solely of its author and the Institute of Actuaries of India, any of its editors, the staff working on it or "the Actuary India" is in no way holds responsibility there for. In respect of the advertisements, the advertisers are solely responsible for contents and legality of such advertisements and implications of the same.

    ENQUIRIESABOUTPUBLICATIONOFARTICLESORNEWS

    "A noble man's thoughts will never go in vain. - ."Mahatma Gandhi"I hold every person a debtor to his profession, from the which as men of course do seek to receive countenance and profit,

    so ought they of duty to endeavour themselves by way of amends to help and ornament thereunto - "Francis Bacon

    FROMTHEDESKOFCHIEFEDITORMr.SunilSharma......................................................................................................................................................................5

    th19 GCAKEYNOTEADDRESSMr.T.S.Vijayan,Chairman,IRDAI.....................................................................................................................................6

    th19 GCAEVENTREPORTSInauguralandOpeningCeremony-Ms.VandanaBaluni.......................................................................................8

    PlenarySessions-Ms.ShivanjaliMittal&Ms.KrutiMalde..................................................................................11

    2018ActuarialGalaFunctionandAwards-Ms.ManasiKukreja&Mr.GopalkrishnaJoshi..................18

    ..............................................28THPHOTOFEATURES-19 GCAFELLOWSHP&ASSOCIATESHIPAWARDS

    ConcurrentSessionsonRiskManagement&GeneralInsurance-Ms.RashiManek................................22

    ConcurrentSessionsonData–drivendecisionfrontiers-Ms.JasikaSingh..................................................27

    ConcurrentSessionsonTechnology-CreationandDisruption-Ms.ShubhanjaliGupta........................33

    IAIStudentEvent-Mr.KartikChhabra........................................................................................................................38

    ConcurrentSessionsonLifeInsurance-Ms.GayathriKhanna..........................................................................41

    ConcurrentSessionsonNewProfessionalAreas-Mr.RudreshPandit..........................................................45

    FEATURESThePowerofZero-Mr.SreejithNair............................................................................................................................49

    COUNTRYREPORTNewZealand-Mr.JohnSmith...........................................................................................................................................53

    CAREERCORNERMilliman......................................................................................................................................................................................4SBIGeneralInsurance..........................................................................................................................................................21

    03the Actuary India March 2018

  • 04the Actuary India March 2018

    ANNOUNCEMENT

    th 29 India Fellowship Seminar Date : st nd st1 & 2 June, 2018 (Friday, Saturday) || 9:00 am on 1 June, 2018, Friday Reporting:

    Venue : Hotel Sea Princess, Plot No. 969, Juhu Tara Road, Near Juhu Beach, Santa Cruz West, Mumbai, Maharashtra 400049.

    022 2646 9500 Phone:

    Programme Type: Non-Residential

    CPD Credit: 12 hours (Professional) , as per APS 9 Ver 2

    Participation Fee: ̀ 10,000 + 18 % GST (Indian Rupees Ten Thousand Only) for all members. Login to your account on IAI website to Register & pay online (Kindly ensure that your subscription is up to date for the year 2018-19)

    Participants: The programme is open to; All IAI Members for CPD requirement under APS 9 Ver. 2; 1 ) Student & Associate Members who have passed all the examinations or are close to qualifying as FIAI 2) for fulfilling requirement for admission as FIAI. Affiliate Members as a requirement for admission as FIAI. 3)

    Registration and Conditions: Login to your account on IAI website and Register latest by 17 April, 2018. On successful completion of registration you will receive a Receipt from . [email protected] In view of the fact that all participating students, associates & affiliates have to be assigned topics for presentation, the registration will close by 17 April, 2018 (for Students, Associates &

    Affiliates). Though the registration fellow members will remain open till 25 May, 2018.

    www.actuariesindia.org Visit us at:

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