China Region Committee
Actuarial Institute of
Jointly organized by the Actuaries Institute Australia, Institute & Faculty of Actuaries, and Society of
Actuaries (China Region Committee) with the support of local actuarial bodies, this Joint Regional Seminar
is designed to assist actuaries and other professionals in meeting CPD requirements.
The industry business model of borrowing (from policyholders) at 4% and investing at 2% is in trouble. To
get our way out of this predicament, companies are going to have to take some real risks – either in terms
of outright punting, admitting to previous failures and raising capital, changing business models, risk
sharing, and so on. Some of these decisions will be very, very hard culturally for companies, and obviously
some companies have started this journey in earnest.
We often spend a lot of time talking about risk reduction – but having a conference that helps actuaries to
think about which risks are the best for their organisations to take from those available is both a positive
message and a rather practical one in today’s environment. Hence we have crafted a conference on the
theme of Taking Risks, and Winning in the hopes of helping actuaries participate in this debate at their
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. The amount of hours recorded is left to the discretion of the individual.
Beijing 24 - 25 July 2013
No.2 Xi Bian Men Wai Da Jie,Xicheng District,Beijing, China
Hong Kong 26 July 20123
Hyatt Regency Hong Kong
Regency Ballroom, 18 Hanoi Road, Tsim Sha Tsui, Kowloon, Hong Kong
Taipei 29 - 30 July 2013
5/F (Day 2) & 6/F (Day 1), Y17 Taipei Youth Activity Centre
No. 17 Ren Ai Road, Sec. 1, Taipei, Taiwan
Kuala Lumpur 31 July - 1 Aug 2013
Le Meridien Kuala Lumpur
2 Jalan Stesen Sentral, Kuala Lumpur Sentral, Kuala Lumpur, Malaysia
Bangkok 2 Aug 2013
The Imperial Queen’s Park Hotel Bangkok
Q3, 199 Sukhumvit Soi 22, Bangkok 10110, Thailand
Business casual attire is recommended for this seminar.
Individuals who wish to travel to any of the 5 locations for the seminar may contact the following persons for
detailed seminar information and registration form:
Ms. Yang Ting - China Association of Actuaries
Tel: (86) 10 6655 5898 Fax: (86) 10 6655 5884 Email: firstname.lastname@example.org
Ms. Tiffany Wong - Actuarial Society of Hong Kong
Tel: (852) 2147 9419 Fax: (852) 2147 2497 Email: email@example.com
Ms. Emily Lye - Actuaries Office in Hong Kong
Tel: (852) 2147 9420 Fax: (852) 2147 2497 Email: firstname.lastname@example.org
Ms. Rattiya Singlor - Society of Actuaries of Thailand
Tel: (66) 2640 7765 Fax: (66) 2640 7799 ext 7765 Email: email@example.com
Lim Weng Soon - Actuarial Society of Malaysia
Fax: (60) 3 4259 8097 E-mail: firstname.lastname@example.org
Winnie Ching CIA
Senior Client Manager, Director, Health Solutions, Swiss Re
Winnie joined Swiss Re in June 2012 to drive Swiss Re's health strategy across Asia. Her key focus is on business
origination and client communication of Swiss Re's health initiatives. Winnie has over 10 years of experience in
actuarial consulting and reinsurance, and had worked in the UK, Japan and Hong Kong.
Prior to joining Swiss Re, Winnie worked for RGA as a Marketing Actuary for the Hong Kong and South East
Asian markets and had been driving the design and development of over a dozen of life insurance products in
the region. Winnie had spent 6 years with Watson Wyatt, an actuarial consultancy, in both the retirement and
life insurance practices delivering a wide range of projects from M&A embedded value calculations and product
pricing reviews to market entry due diligence and tied agency compensation reviews.
Winnie is a Fellow of the Institute and Faculty of Actuaries in the UK and holds a Bachelor degree in Actuarial
Science from the London School of Economics, England.
Peter Ryan-Kane CFA
Head of Portfolio Advisory for the Asia-Pacific region, Towers Watson
Peter is responsible for driving investment solutions for clients in Asia and is based in Hong Kong. He sits on the
firm’s Global Investment Committee and chairs the Asia Portfolio Construction Group. Peter has more than 25
years of experience in financial markets as an advisor, investor, borrower and risk manager. Peter is a sought
after speaker and lecturer on the topics of portfolio construction, risk and asset allocation. He is a key advisor to
a number of influential funds in Asia, assisting them in navigating a path through the investment, political and
social challenges of their missions. He develops key thinking for the firm with respect to investment issues,
strategic thinking and market research. Peter has previously held positions as Global Chief Investment Office,
Head of Interest Rate Risk Management, Capital Markets researcher, and Financial Markets trader. Peter is
registered with the Securities and Futures Commission as a licensed Responsible Office for Type 4 regulated
activity (Advising on Securities) in Hong Kong.
Mark Saunders FIA, FSA
Managing Director, Towers Watson
Mark has extensive experience with domestic and international insurers in the critical areas of acquisition,
restructuring, capital raising (including IPOs), divestiture, market entry, strategy, business operations,
partnerships, product development, sales, distribution, bancassurance, financial and risk and capital
management (including application of the Risk-Capital-Value framework), regulatory reporting, actuarial
development, training and improving business performance.
He has served as the Appointed Actuary for 10 insurers in Hong Kong, Singapore and Vietnam, and he carries
out Peer Review of Appointed Actuaries’ duties for seven insurers in India. And he has provided Independent
Actuary opinions for High Court-sanctioned insurance business transfers and successful Expert Witness
testimonials in the Court of First Instance.
Keith Walter FSA, FCIA, CFA
Director, Towers Watson
Keith has extensive experience in the insurance and financial services industry; prior to his consulting roles, he
worked in the industry in Canada, the UK and in the Asia region. Keith has 30 years of diversified experience, with
4+ years of investment-related experience and 10 years in Asia. He has worked in a variety of actuarial and
business management roles. His experience includes product development and pricing, risk management and
financial reporting, asset/liability and investment management, as well as business development. Keith is a
Council member of the Singapore Actuarial Society (“SAS”) and chairs the Retirement Committee of the Society.
Katherine Wong FIAA
Head of Pricing and Guidelines, SCOR Global Life Asia Pacific
Katherine is the Head of Pricing and Guidelines for SCOR Global Life Asia Pacific. Katherine is responsible for
reinsurance pricing and development of the pricing guidelines in the Asia Pacific Region. Her background
includes experience in both direct insurance and reinsurance in Asia.
She is a Fellow of the Institute of Actuaries Australia.
Friday, 2 August 2013
9:00 Welcome Remarks
Tommy Pichet, Society of Actuaries of Thailand
9:05 ERM in Thailand - A Practical View
Ellen Yang, IFoA
9:45 To be Confirmed
11:00 Building a Competitive Advantage Through Optimized Risk Taking
Katherine Wong, SCOR Global Life
11:45 Partnership Distribution: Winning in an Increasingly Competitive Environment
Mark Saunders, Towers Watson
In virtually every market in Asia, partnership distribution has transformed to become a
meaningful form of life insurance distribution. However, there are still many opportunities for
further growth in the partnership space driven by:
· Continued opportunities for growth across many bancassurance alliances;
· Other partnership distribution channels still being relatively small (in many markets); and
· Attractive fundamentals continuing to drive growth in the Asian insurance industry.
This presentation will look at what it takes to win in the area of partnership distribution, including
managing the key risks of delivering an appropriate return on your initial investment in an
increasingly competitive environment for winning deals.
13:30 Taking Long Term Health Risks, and Winning
Winnie Ching, SwissRe
In this session the presenter has chosen a case study of a recent successful product launch in Asia.
The risks covered are an extension of what had been done before in that market. It involves
evaluating new risks, costing and design, approval processes, discussion around distribution of the
product, and the outcome. We will see the end-to-end process and how taking risks happens in
"real life", and how this results in a winning solution.
14:15 Taking and Mitigating Risk in Alternaive Distribution (ie everything non agency)
Friday, 2 August 2013
15:30 Dynamic Asset Liability Management in Today's Complex Economic Development
Keith Walter and Peter Ryan-Kane, Towers Watson
Since the global financial crisis, developed markets around the world have experienced persistent
low interest rates and volatility in equity returns. As companies adapt to this new environment,
new approaches are being developed for integrated asset and liability management. This
presentation will examine the changing economic environment, review the impact on insurers,
and describe how companies can adopt dynamic asset liability management techniques and might
consider taking on risk to improve business performance.
· Background and update on the economic environment
· Implications of low interest rates
· Managing new business – opportunities and limitations
· Managing in-force business – opportunities and limitations
· Managing asset mix – opportunities and limitations
· Building dynamic asset liability management
· Integrated risk management framework
16:15 Panel (to be confirmed)
17:00 Closing Remarks
Mark Saunders, Organising Committee
17:10 END OF SEMINAR
Name in ENGLISH ____________________________________________________
Company in ENGLISH _________________________________________________
Phone _____________________________ Fax ____________________________
Tel: (66) 2640 7765
Fax:(66) 2640 7799
[ ] Member of Society of Actuaries of Thailand (SOAT)
Please specify status: [ ] Fellow [ ] Associate [ ] Ordinary [ ] Institution
(tick “√” as appropriate)
[ ] Non-member
Deadline for registration: 26 July 2013
Registration and Payment Method (Bangkok only)
For members of the Society of Actuaries of Thailand: 3,000 Baht per person *
For non-members of the Society of Actuaries of Thailand: 4,000 Baht per person *
*No taxes are required to be added
Note: Registration fee includes handout materials, refreshment breaks and lunch.
Please return your completed form with your payment to Ms. Rattiya Singlor, The Society of Actuaries of Thailand, C/O Mittare
Insurance PCL. 6 th floor, 295 Siphaya Road, Siphaya Bangrak, Bangkok 10500 THAILAND, Email: email@example.com , Fax: (662)640-
7799 ext. 7765, Tel: (662)640-7765
• Cash or check payment at the SOAT office.
• Crossed check to be made payable to “The Society of Actuaries of Thailand”
• Credit transfer to “The Society of Actuaries of Thailand” (สมาคมนักคณิตศาสตร์ประกันภัยแห่งประเทศไทย)
Kasikorn Bank, Current Account No. 018-1-01969-7
Swift Code: KASITHBK
Bank Address: Patpong Branch, 42 Songserm Insurance Building, Surawong Siphaya Bangrak, Bangkok 10500
THAILAND, Tel: (662)637-0041-8 (Please note that all bank charges are to be paid by the sender)
No refunds will be made for cancellations.
For reservations, enjoy a special rate by booking directly with Ms.Kornkanok Taramaskul
Email: firstname.lastname@example.org Tel: (662)261-9300 Ext: 4697 Mob: (662) 081 934 0955
Institute and Faculty of Actuaries
Actuaries Institute Australia
Society of Actuaries - China Region Committee
Society of Actuaries of Thailand
Venue : The Imperial Queen’s Park Hotel Bangkok - Q3, 199 Sukhumvit Soi 22, Bangkok 10110, Thailand