Organized by:

Co-sponsored with:

China Region Committee

Actuarial Institute of Chinese Taipei

OBJECTIVE

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 SEMINAR

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

companies.

CPD

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.

VENUE

Beijing 24 - 25 July 2013

Merchantel

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

ATTIRE

Business casual attire is recommended for this seminar.

CONTACT INFORMATION

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:

Beijing

Ms. Yang Ting - China Association of Actuaries

Tel: (86) 10 6655 5898 Fax: (86) 10 6655 5884 Email: yt@e-caa.org.cn

Hong Kong

Ms. Tiffany Wong - Actuarial Society of Hong Kong

Tel: (852) 2147 9419 Fax: (852) 2147 2497 Email: actsoff@netvigator.com

Taipei

Ms. Emily Lye - Actuaries Office in Hong Kong

Tel: (852) 2147 9420 Fax: (852) 2147 2497 Email: actuaries@biznetvigator.com

Bangkok

Ms. Rattiya Singlor - Society of Actuaries of Thailand

Tel: (66) 2640 7765 Fax: (66) 2640 7799 ext 7765 Email: rattiyas@mittare.com

Kuala Lumpur

Lim Weng Soon - Actuarial Society of Malaysia

Fax: (60) 3 4259 8097 E-mail: secretary@actuaries.org.my

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.

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.

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

8:30 REGISTRATION

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

10:30 BREAK

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.

12:30 LUNCH

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)

Caelan Wright

Friday, 2 August 2013

15:00 BREAK

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

Personal Particulars

Name in ENGLISH ____________________________________________________

Company in ENGLISH _________________________________________________

Position ____________________________________________________________

Address ____________________________________________________________

Phone _____________________________ Fax ____________________________

Email ______________________________________________________________

[ ] 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. 6th

floor, 295 Siphaya Road, Siphaya Bangrak, Bangkok 10500 THAILAND, Email: rattiyas@mittare.com , Fax: (662)640-

7799 ext. 7765, Tel: (662)640-7765

Payment method:-

• 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” (สมาคมนักคณิตศาสตร์ประกันภยัแห่งประเทศไทย)

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)

Cancellation Policy:

No refunds will be made for cancellations.

Accommodation Arrangement:

For reservations, enjoy a special rate by booking directly with Ms.Kornkanok Taramaskul

Email: kornkanok.t@imperialhotels.com Tel: (662)261-9300 Ext: 4697 Mob: (662) 081 934 0955

Register by

26 July!

E-mail: rattiyas@mittare.com Tel: (66) 2640 7765 Fax:(66) 2640 7799 ext 7765

Organized by:

Institute and Faculty of Actuaries

Actuaries Institute Australia

Society of Actuaries - China Region Committee

Co-Sponsored with:

Society of Actuaries of Thailand

Venue : The Imperial Queen’s Park Hotel Bangkok - Q3, 199 Sukhumvit Soi 22, Bangkok 10110, Thailand