”

Changing Environment,

Emerging Trends and

Evolving Regulations –

Deja Vu or Crystal Gazing?

TAIPEI

22 — 23 JUL

HONG KONG

24 JUL

Ho Chi Minh City

26 JUL

KUALA LUMPUR

29 — 30 JUL

JAKARTA

31 JUL

SYDNEY

2 AUG

BANGKOK

5 AUG

Organized by:

Co-sponsored with:

“

Welcome

To The

Joint Regional Seminar 2019

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. It is designed to assist actuaries and other professionals in meeting their CPD requirements. The JRS Organising Committee & Persatuan Aktuaris Indonesia are pleased to be once again hosting the JRS, which will take place on 31 July August 2019 in Jakarta.

THE SEMINAR In today’s dynamic business landscape, insurance companies are facing more than ever critical changes and evolving risks. The industry is undergoing significant regulatory changes with respect to financial reporting standards, capital requirements and supervisory framework. Most notably, the new International Financial Reporting Standard 17 (IFRS 17) will impact on the revenue recognition, data, systems and processes, among many others. A number of regulators are also either introducing risk-based capital (RBC) or revisiting their existing RBC framework. While insurers are relentlessly cracking the new regulatory changes, the business environment continues to be rapidly changing with the emerging trends and demographic shift, including longer life expectancy, ageing population, changing habits and behaviors. Actuaries are playing an increasingly important role in dealing with these challenges and turn them into competitive advantages. Hence the theme of this year’s JRS is “Changing Environment, Emerging Trends and Evolving Regulations – Deja Vu or Crystal Gazing?” The key topics in the Jakarta JRS are: • Transforming group insurance - enhance sales process, innovate business model and enable advanced analytics (by

Ernst & Young) • Services innovation & platform construction in overseas medical treatment (by Partner Re) • The evolving landscape of genetics and insurance (by SCOR) • Comparative analysis of Asia’s life insurance capital regimes and implications (by Milliman) and more...

CPD The Joint Regional Seminar qualifies for (Actuaries Institute Australia / IFoA / SOA / PAI) Continuing Professional Development (CPD). Actuarial members may find it a useful contribution to their personal professional development. A maximum of 5.3 CPD hours* can be claimed from the Jakarta JRS. The amount of hours recorded is left to the discretion of the individual. * 1 CPD hour = 60 minutes

James Lin is a Director 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.

Tze Leong heads the strategy and business development function for Gen Re Life/Health’s Indonesia market. He oversees client services encompassing product ideation and development, actuarial pricing and other business initiatives.

Prior to joining Gen Re, he worked with several multinational life insurance companies in Malaysia. In these roles, he has accumulated experience in pricing, product risk assessment, experience monitoring and as a business partner to internal stakeholders to achieve their strategic goals. Tze Leong graduated from Heriot-Watt University in Edinburgh and is a Fellow of the Institute and Faculty of Actuaries.

Tamara is an Assistant Client Partner in PartnerRe Asia who handles the execution of new businesses in the region as well as the renewal of short-term covers.

She focuses on liaising between relevant parties in ensuring client experience excellence.

Tamara holds a B.Bus with specialization in Actuarial Science from Nanyang Technological University, Singapore, and is currently a member of Institute and Faculty of Actuaries (IFOA).

James Lin Director

EY

Chan Tze Leong Strategy and Business Development

Head Gen Re

Tamara Edwina Assistant Client Partner

Partner Re

Mohamed has over 8 years of experience in life reinsurance and worked for various markets in Europe, Middle East and Asia. He is currently based in Singapore and leads PartnerRe’s business development activities in South East Asia. He has extensive experience in product development, with a core expertise in living benefit products. He has worked on innovative insurance solutions that focus on understanding and meeting the customer’s need. Mohamed holds a Master Degree in Actuarial Sciences and Risk Management and is a fellow of the French Institut des Actuaires.

Leo has over 12 years experience in the insurance industry. Prior to joining SCOR, he was a Regional Senior Actuary with AIG Asia-Pac, specializing in the A&H product line, in China, the US, and later in Singapore. Leo has been in prod-uct development, pricing, and product management roles with products spanning from PA, supplementary health, primary health products including HNW medical as well as Life products in the Asia Pacific region.

Siew Leng has over 15 years of experience in the reinsurance industry. Prior to joining SCOR, she held an integral role in pricing/underwriting of Individual and Group Life & Health business for Asia Pacific and MENA region with a Ger-man International Reinsurer. She has experience in pricing capital management deals and A&H pricing & valuation. During her reinsurance career, she was also in the role of client manager for Thailand and Singapore.

Mohamed Faye Head of Business Development

Partner Re

Leo Liu

Head of Group Business (SEA) SCOR

Siew Leng Chua Pricing Actuary (SEA)

SCOR

Brian Colgan is the Head of Life Insurance Consulting based in Jakarta, Indonesia. Brian has over 17 years’ industry experience including on- & off-shore life insurance, non-domestic bancassurance, captive composite reinsurance and actuarial education. His previous experience covers Statutory, Corporate and Embedded Value reporting on portfolios based in Europe, US, Asia and the Middle East as well Capital management under Solvency II and local Risk-Based Capital regimes. Brian is a Fellow of The Institute and Faculty of Actuaries and The Society of Actuaries in Ireland and also holds a PhD in mathematical finance. He has served on working parties and committees covering professional development, research and professionalism. He speaks regularly on the topics of microinsurance, IFRS17 and Takaful insurance. Brian volunteers as an Assistant Examiner in Financial Economics and Financial Maths, Exam Counsellor in Communications and Independent Examiner for the Institute and Faculty of Actuaries’ accredited university courses.

Halim is a consulting actuary with the Jakarta, Indonesia, office of Milliman, which was formerly Eldridge Consulting.

Halim has 15years of intensive experience in employee benefit and actuarial consulting and three years of experience in human capital consulting. He works closely with clients in the area of strategic benefit design, which in corporates a holistic process involving development of principles of an employee benefit plan, compliance, development of plan alternatives, selection of alternatives, and recommendation of an employee benefit plan. Halim has in-depth knowledge of the pension area and comprehensive experience with both Indonesian GAAP and other international GAAP. He was a member of the working team for the preparation of PSAK 24Implementation Guidelines.

Halim has led a number of training sessions, public seminars, and continuing professional education courses in the area of actuarial and employee benefits, both locally and internationally.

Halim is a Fellow and Employee Benefit Committee chair of Society of Actuaries of Indonesia, he also held a BS degree of Mathematics from Bandung Institute of Technology

Brian Colgan Head of Life Insurance Consulting

Milliman

Halim Gunawan Consulting Actuary

Milliman

31 July 2019

0830 - 0900 Registration

0900 - 0910 Welcome Remarks Fauzi Arfan, President of the Society of Actuaries of Indonesia

0910 - 1000 Transforming group insurance - enhance sales process, innovate business model and enable advanced analytics James Lin, Ernst & Young

1000 - 1020 Morning Coffee Break

1020 - 1110 Gut Feeling – An Actuary’s Exploration of the Microbiome Tze Leong Chan, Gen Re

1110 - 1200 Services innovation & platform construction in overseas medical treatment Mohamed Faye and Tamara Edwina, Partner Re

1200 - 1315 Lunch

1315 - 1405 The evolving landscape of genetics and insurance Leo Liu and Chua Siew Leng, SCOR Global Life

1405 - 1455 Comparative analysis of Asia’s life insurance capital regimes and implications Brian Colgan, Milliman

1455 - 1515 Afternoon Coffee Break

1515 - 1605 Environment external forces for the future of Indonesia Insurance landscape Paul Kartono, FWD

1605 - 1655 Employee Benefit Trend Halim Gunawan, Milliman

1655 - 1700 Closing Remarks Society of Actuaries of Indonesia Representative

Theme: Changing Environment, Emerging Trends and Evolving Regulations – Deja Vu or Crystal Gazing?

Manhattan Hotel, Grand Capitol Ballroom No 1 Jalan Prof. Dr. Satrio Casablanca Kuningan

Jakarta Selatan 12950 Indonesia

31 Jul 2019

Registration

Form

Organized by:

● Institute and Faculty of Actuaries

● Actuaries Institute Australia

● Society of Actuaries

Co-Sponsored with:

Persatuan Aktuaris Indonesia

JRS Jakarta Date: 31 July 2019

Venue: Manhattan Hotel, Grand Capitol

Ballroom, No 1 Jalan Prof. Dr. Satrio

Casablanca Kuningan, Jakarta Selatan 12950 Indonesia

Registration and Payment Method After reading the information below, please click here to register for JRS 2019 Jakarta (or copy and paste the following link in to your browser: https://aktuaris.or.id/cpd/ )

If you experience a technical issue, please send an email to secretariat@aktuaris.or.id for assistance.

Deadline for registration: 19 July 2019 (Limited Seats)

Fee for Member PAI: IDR 2,000,000 (NETT)

Fee for Non-member PAI: IDR 2,500,000 (NETT)

Bookings are on a first-come-first-served basis. Registration fee includes refreshment breaks and lunch. No registration will be confirmed until payment is received.

All payment should be sent via transfer to the following Account: 124-000-519311-6, Bank Mandiri Cab Tebet Raya, Swift Code BMRIIDJA. A copy of the bank receipt should be sent by email to finance@aktuaris.or.id. Please note that bank transmission fees have to be paid by the transmitter. Cancellation Policy Cancellation Policy Cancellations should be made by contacting secretariat@aktuaris.or.id and also confirmed in writing. No refunds will be made for cancellations after 19 July 2019. The Society reserves the right to cancel the seminar if conditions warrant.