The Asia-Pacific PAI-SOA Joint Symposium

Tuesday, June 20, Symposium Day 1 (Denpasar, Bali Time)

7:30 – 8:45 a.m.

Registration and Welcome Break

8:45  – 9:00a.m.

Introductions and Opening

9:00 – 9:05 a.m.

Indonesian National Anthem: Indonesia Raya

9:05 – 9:10 a.m.

Chanting Prayers

9:10 – 9:20 a.m.

Opening Traditional Dance

9:20 – 9:30a.m.

Opening Speech – Persatuan Aktuaris Indonesia (PAI) (In Indonesia Bahasa)

Presenter: Ade Bungsu, FSAI, President of Persatuan Aktuaris Indonesia

9:30 – 9:40 a.m.

Opening Speech – Society of Actuaries (SOA)

Presenter(s):

·       Sara Goldberg, FSA, MAAA, Member of the Board of Director, Society of Actuaries

·       Paul Kartono, FSAI, ASA, Greater Asia Committee Chair, Society of Actuaries

9:40 – 10:00 a.m.

Opening Speech – Otoritas Jasa Keuangan (OJK) (In Indonesia Bahasa)

Presenter(s): Ogi Prastomiyono

10:00 – 10:20 a.m.

Opening Speech – PPPK (In Indonesia Bahasa)

Presenter(s): Muhammad Sigit

10:20 – 11:10 a.m.

Session 1 – Employee Benefits Trend in Indonesia and Funding Strategy

Moderator: Halim Gunawan, FSAI

Presenters(s): I Gde Eka Sarmaja, FSAI, MM, AAIJ, Managing Partner KKA GD

11:10 a.m. – 12:00 p.m.

Session 2A – Emerging Risks in World Markets

Moderator: Billy Wong, FSA

Presenter(s): Xiao Xu, PhD, FSA, FIAA, CERA, CFA, Lecturer, School of Risk and Actuarial Studies

Academic Mentor, Actuarial Society of UNSW; International Researcher and Research Project Manager, Society of Actuaries

Session 2B – Climate Risk and Professionalism

Moderator: Courtney Nashan

Presenter(s): Sara Goldberg, FSA, MAAA, Board Member, Society of Actuaries, Director, Climate Risk Modeling, PwC

12:00 – 1:00 p.m.

Lunch

1:05 – 2:05 p.m.

Session 3A – Real Life Experience: IFRS17 Implementation and Subledger Integration

Moderator: Dita Hendra Mukti

Presenter(s):

·       Aya Seng, FIAA, Director, Moody’s

·       Panny Desalasiyanti, FSAI, Appointed Actuary and Deputy Group Head of Actuarial and Product, Asuransi Jiwa Astra (Astra Life)

Session3B – Securing Profitability Post Pandemic - A View From Actuarial

Moderator: Ira Dewi Elfini, FSAI

Presenter(s): Iwan Pasila, FSAI, President Director, BRI Life

Session3C – Managing Risk in a Volatile Macroeconomic Environment

Moderator: Nadia Suharto

Presenter(s): Chris Lim, FCII, CFA, Associate Director, AM Best

2:10– 3:10 p.m.

Session 4A – Managing Volatility Under IFRS 17

Moderator: Dita Hendra Mukti

Presenter(s): Chong Wen Ang, FIAA, FSAS, Principal & Consulting Actuary, Milliman

Session 4B – Health Insurance: Overlooked Risks

Moderator: Jhon Mart, FSAI

Presenter(s): Francisca M Roeswita, FSAI, Chief Operating Officer, PT Hanwha Life Insurance Indonesia

Session 4C – How Reinsurance Can Sharpen the ALM Strategy of Life Insurers

Moderator: Nadia Suharto

Presenter(s): Donat Piras, FIA, CERA, FASHK, FRM, Vice President, SwissRe

3:10 – 3:40 p.m.

Afternoon Coffee Break

3:40 – 4:40 p.m.

Session 5A – New Way to Present Group Medical Outcome to Employer Clients Rather Than "Loss Ratio"

Moderator: Yudhistira Dharmawata, FSA, CFA, FRM

Presenter(s):

·       Billy Wong, FSA

·       Kelby Chan, Actuarial Consultant, GUM

Session 5B – ESG for Underwriting

Moderator: Evi Tedjasukmana, FSA, FSAS

Presenter(s): Andrew Waters, CFA, FRM, PRM, CAIA, Senior Director, Moody’s

Session 5C – Navigating the Evolving Landscape of Critical Illness Insurance Pricing in Asia

Moderator: Maria Zefanya Sampe, S.Si., M.Si., M.M

Presenter(s): Ivan Lee, FSA, Head Pricing SEA, Swiss Re

4:40 – 4:50 p.m.

Closing & Photo Session

6:00 – 8:00 p.m.

Gala Dinner

Wednesday, June 21, Symposium Day 2 (Denpasar, Bali Time)

7:30 -8:30 a.m.

Registration and Welcome Break

8:30 – 8:40 a.m.

Introductions and Opening

8:40 – 8:45 a.m.

Sponsor Remarks

8:45 – 9:45 a.m.

Session 6 – Long Term Contract and Guarantee Risks

Moderator: Gatot Herliyanto, FSAI

Presenter(s): Rianto Ahmadi Djojosugito, FSAI, CERG, QRGP, S.Si, MS, Ph.D, Technical Director, Indonesia Financial Group (IFG)

9:45 – 10:45 a.m.

Session 7: IFRS 17/PSAK 74 - The New Economic Reality

Moderator: Evi Tedjasukmana, FSA, FSAS

Presenter(s):

·       Alexander Aeberli, Actuarial Associate Director, EY

·       Steve Cheung, FSA, Partner, EY

10:45 – 11:00 a.m.

Morning Coffee Break

11:00 – 12:00 a.m.

Session 8 – IFRS 17 and Its Implications on (Re)Insurance Industry

Moderator: Daniel Hutahaean, FSAI

Presenter(s): Min Liang Liew, Head of Life APAC1 (Ex India) Valuation, Munich Re

12:00 – 1:00 p.m.

Lunch

1:05 – 2:05 p.m.

Session 9A – Risk Management on Covering Loan for Credit Life Insurance (In Bahasa)

Moderator: Ira Dewi Elfini, FSAI

Presenter(s):

·       Ibnu Hasyim, FSAI, Chief Executive Officer, PT Asuransi Jiwa Taspen (TASPEN Life)

·       Vincentius Wilianto, FSAI, AAIJ, Technical Director, PT Asuransi Kredit Indonesia (Askrindo)

·       Delil Khairat, Managing Director - Technical & Operation, PT Reasuransi Indonesia Utama (Persero)

Session 9B – Professionalism – Bias

Moderator: Yudhistira Dharmawata, FSA, CFA, FRM

Presenter(s): Victor Chen, FSA, FCIA, CERA, Chief of Staff – Asia, RGA

Session 9C – Leveraging Machine Learning for Insurance Risk Prediction: Insights from Non-Traditional Factors

Moderator: Fiona Tang, FSA

Presenter(s): Te Jia Hau, FSA, CERA, Manager, Data Science, Pacific Life Re

2:10 – 3:10 p.m.

Session 10A – What is Claims Investigation and Its Contribution in Actuary?

Moderator: Francisca M Roeswita, FSAI

Presenter(s): Alvin Ayodhia Siregar, SE, SH, MM, MH, AAIK, ANZIIF (Fellow), CIP., Managing Partner, Alvin Ayodhia Siregar & Associates

Session 10B – Actuarial Study in New Area: Non-Government Organization

Moderator: Dita Hendra Mukti

Presenter(s):

·       Billy Wong, FSA

Kelby Chan, Actuarial Consultant, GUM 

Session 10C – Green Computing on Cloud

Moderator: Fiona Tang, FSA

Presenter(s): Taik Ki Lee, FSA, Managing Director and Head, AON PathWise Solutions Group (PSG), APAC

Region

3:10 – 3:25 p.m.

Afternoon Coffee Break

3:25 – 4:25 p.m.

Session 11A – Post-pandemic Morbidity Trends on Medical Reimbursement in Indonesia

Moderator: Yudhistira Dharmawata, FSA, CFA, FRM

Presenter(s): 

·       Brad Wallis, FSA, FCIA, Chief of Product and Inforce Management, Manulife

·       Ryan Dermawan, FSA, Head of Health Pricing, Manulife

Session 11B – Challenges in Implementing IFRS17 for Syariah Business

Presenter(s): 

Farzana Ismail, FIA, FASM, Principal & Consulting Actuary, Milliman

Mohamad Muzzakir Abd Ghafar, FIA, Consulting Actuary, Milliman

Session 11C – Underwriting Transformation Roadmap: From Automation to Augmented

with AI and Machine Learning, Risk Management, and Technology Enablement

Moderator: Maria Zefanya Sampe, S.Si., M.Si., M.M

Presenter(s):

·       Evi Tedjasukmana, FSA, FSAS, Chief Business Officer, Munich Re

·       Ryan Gaughan, Senior Data Scientist, Munich Re

4:30 – 5:30 p.m.

Session 12A – Adjusting Insurance Pricing Models: Using Bayesian GLM to Incorporate Distribution Channels and Stay Competitive

Moderator: M. Ivan Faizal, FSAI

Presenter(s): Nanang Susyanto, Dr., S.Si., M.Sc., M.Act.Sc., Lecturer, Universitas Gadjah Mada

Session 12B – Highlights from Global Mental Health Survey

Moderator: Billy Wong

Presenter(s):

Arthur Lee, Head of Creation Re, Southeast Asia Markets, RGA

·       Vaibhavi Mehta, ACII, Market Development in Regional Marketing, Asian Markets, RGA

Session 12C – Staying ahead of the Curve - Adapting Propositions to a Shifting Landscape

Moderator: Kelby Chan

Presenter(s):

·       Amanda Chen, FSA, Country Manager, Indonesia, Gen Re

·       Tze Leong Chan, FIA, Head of Maritime Southeast Asia, Gen Re

5:30 – 5:45 p.m.

Closing & Photo Session

Thursday, June 22, Symposium Day 3 (Denpasar, Bali Time)

7:30 -8:30 a.m.

Registration and Welcome Break

8:30 – 8:40 a.m.

Introductions and Opening

8:40 – 8:45 a.m.

Sponsor Remarks

8:45 – 9:45 a.m.

Session 13 – Professionalism

Moderator: Lan Long, FSA, FCIA

Presenter(s): Nicholas Yeo, FSA, FIA, FASM, FSAS, Founder & Actuary of Nicholas Actuarial Solutions

9:45 – 10:45 a.m.

Session 14 – The Role of Actuaries in Strengthening Pension Funds in Indonesia

Moderator: Gatot Herliyanto, FSAI

Presenter(s): I Gde Eka Sarmaja, FSAI, MM, AAIJ, Managing Partner KKA GD

10:45 – 11:00 a.m.

Morning Coffee Break

11:00 a.m. – 12:00 p.m.

Session 15 – ChatGPT: Risks and Opportunities

Moderator: Taik Ki Lee, FSA

Presenter(s): 

·       Victor Chen, FSA, FCIA, CERA, Chief of Staff – Asia, RGA

·       Linhui Dong, Ph.D., CSPA, Vice President, Data Science, Global Data Analytics, RGA

12:00 – 1:00 p.m.

Lunch

1:05 – 2:05 p.m.

Session 16A – A Practical Bottom-Up Approach for the Indonesian Market

Moderator: Edwin Jingga, FSAI

Presenter(s): Rifqa Fadhli, M.M., FSAI, Krungthai-AXA Life Insurance, Thailand

Session 16B – What is Driving the Growth of Asset Intensive and Lapse Reinsurance? Presenter(s): Watson Teo, FIA, Executive Director, Special Projects, Asia Pacific, Gallagher Re

Session 16C – Emerging Opportunities in Asia Retirement

Moderator: Victor Chen, FSA, FCIA, CERA

Presenter(s): Elvin Tharm, FSA, Senior Managing Director, Head of Retirement Proposition, Strategy &Transformation, Asia Retirement, Manulife Investment Management

2:10 – 3:10 p.m.

Session 17A – Navigating the Changing Tides: The Impact of IFRS17 and new Solvency Regime on L&H Reinsurance in Asia, with a Focus on Korea

Moderator: Lan Tong, FSA, FCIA

Presenter(s): Douglas Kim, FSA, Assistant Vice President, Swiss Re

Session 17B – Optimizing Portfolio : Actuary vs Underwriter

Presenter(s): 

·       Ronald Sajuti, FSAI, Head of Actuarial Division, Indonesia Financial Group (IFG)

Yustinus Rinaldo Ari, Head of Insurance Operation, Indonesia Financial Group (IFG)

Session 17C – Product Innovation in a Changing Landscape

Moderator: Victor Chen, FSA, FCIA, CERA

Presenter(s): Ouling Lu, FSA, MAAA, Head of Products, Greater Asia Life, Milliman

3:10 – 3:25 p.m.

Afternoon Coffee Break

3:25 – 4:25 p.m.

Session 18A – Fair Market Valuation for Life Insurers

Moderator: Douglas Kim, FSA

Presenter(s): Will Halley, CFA, Director, Advisory Services, Moody’s

Session 18B – Actuarial Aspects in Sharia Insurance Management

Moderator: Rina Elvi Roza, FSAI

Presenter(s): Paul Kartono, FSAI, ASA, Chief Financial Officer, Prudential Syariah

Session 18C – Predictive Analytics: Modeling Techniques, Modeling & Statistical Methods: Simulation

Moderator: Kelby Chan

Presenter(s):

·       Maria Zefanya Sampe, S.Si., M.Si., M.M, Faculty, Member of Business Mathematics, Prasetiya Mulya University

4:30 – 5:30 p.m.

Session 19A – An Assessment of Model Risk in Pricing Wind Derivatives

Moderator: Jhon Mart, FSAI

Presenter(s): Giovani Gracianti, PhD (Cand.), Researcher, University of Melbourne

Session 19B – Strategy Asset Allocation for Syariah Business

Moderator: Rina Elvi Roza, FSAI

Presenter(s): Liestya Sulaeman, FSAI, Chief Actuary, AXA Mandiri Financial Service

Session 19C: Implementation of MAIPARK Catastrophic Modelling for Pricing and Reserving

Moderator: Bukit Rahardjo

Presenter(s): Ruben Damanik, S.Si, M.T, M.Si., PT. Reasuransi MAIPARK Indonesia

5:30 – 5:45 p.m.

Closing & Photo Session

Friday, June 23, Symposium Day 4 (Denpasar, Bali Time) 

7:30 -8:00 a.m.

Briefing

8:00 -9:00 p.m.

Full Day Optional Tour