The Society of Actuaries (SOA), in partnership with the Persatuan Aktuaris Indonesia (PAI, also Society of Actuaries of Indonesia), is hosting the Asia-Pacific PAI-SOA Joint Symposium on June 20-22, 2023, with June 23 as an optional tour day. The event will be in hybrid format, with the in-person portion taking place in Denpasar, Bali, Indonesia. The theme of the symposium is Actuaries in Challenging Economics. The event will provide a learning and networking platform for members and non-members in Asia to share their experiences in the actuarial profession, the finance and insurance industries, as well as other fields related to actuaries.
- Professional sessions that will help attendees better prepare for future developments
- An opportunity to earn valuable CPD credits in a variety of practice areas
- The chance to meet and network with industry leaders
A diverse program covering topics in a wide range of areas, such as IFRS, ICS, Macro Economics, Critical Illness, Health Insurance, Technology, Innovation, Product Development, Retirement etc.
Agenda
All sessions will be in English except those indicated as (in Bahasa) which will be in Indonesia Bahasa.
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Tuesday, June 20, Symposium Day 1 (Denpasar, Bali Time) | |
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7:30 – 8:30 a.m. |
Registration and Welcome Break |
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8:0 – 8:45 a.m. |
Introductions and Opening |
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Indonesian National Anthem: Indonesia Raya | |
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8:50 – 9:00 a.m. |
Chanting Prayers |
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9:00 – 9:10 a.m. |
Opening Traditional Dance |
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9:10 – 9:20 a.m. |
Opening Speech – Persatuan Aktuaris Indonesia (PAI) (In Indonesia Bahasa) |
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9:20 – 9:30 a.m. |
Opening Speech – Society of Actuaries (SOA) |
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9:30 – 9:40 a.m. |
Opening Speech – Otoritas Jasa Keuangan (OJK) (In Indonesia Bahasa) |
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9:40 – 10:00 a.m. |
Morning Coffee Break |
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10:00 – 11:00 a.m. |
Session 1A – Otoritas Jasa Keuangan (OJK) Session (In Indonesia Bahasa) Session 1B – Professionalism |
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11:00 a.m. – 12:00 p.m. |
Session 2A – PPPK Session (In Indonesia Bahasa) Session 2B – Emerging Risks in World Markets 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 |
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12:00 – 1:00 p.m. |
Lunch |
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1:05 – 2:05 p.m. |
Session 3A – Real Life Experience: IFRS17 Implementation and Subledger Integration 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 Presenter(s): Iwan Pasila Session3C – Managing Risk in a Volatile Macroeconomic Environment Presenter(s): Chris Lim, FCII, CFA, Associate Director, AM Best |
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2:10– 3:10 p.m. |
Session 4A – Managing Volatility Under IFRS 17 Presenter(s): Chong Wen Ang, FIAA, FSAS, Principal & Consulting Actuary, Milliman Session 4B – Insurance Health : Risk Frequently Forgotten by Pricing Actuary Presenter(s): Fransisca M. Roeswita Session 4C – How Reinsurance Can Sharpen the ALM Strategy of Life Insurers Presenter(s): Donat Piras, FIA, CERA, FASHK, FRM, Vice President, SwissRe |
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3:10 – 3:25 p.m. |
Afternoon Coffee Break |
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3:25 – 4:25 p.m. |
Session 5A – New Way to Present Group Medical Outcome to Employer Clients Rather Than "Loss Ratio" Presenter(s): · Billy Wong, FSA · Kelby Chan, Actuarial Consultant, GUM Session 5B – ESG for Underwriting Presenter(s): Andrew Waters, CFA, FRM, PRM, CAIA, Senior Director, Moody’s Session 5C – Implementation of MAIPARK Catastrophic Modelling for Pricing and Reserving Presenter(s): Kocu Andre Hutagalung |
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4:30 – 5:30 p.m. |
Session 6A – Naviating the Evolving Landscape of Critical Illness Insurance Pricing in Asia Presenter(s): Ivan Lee, FSA, Head Pricing SEA, Swiss Re Session 6B – Actuarial Aspects in Sharia Insurance Management Presenter(s): Paul Kartono Session 6C – SOA Session |
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5:30 – 5:45 p.m. |
Closing & Photo Session |
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7:00 – 9:00 p.m. |
Welcoming Dinner |
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Wednesday, June 21, Symposium Day 2 (Denpasar, Bali Time) | |
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7:30 -8:30 a.m. |
Registration and Welcome Break |
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8:30 – 8:40 a.m. |
Introductions and Opening |
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8:40 – 8:45 a.m. |
Sponsor Remarks |
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8:45 – 9:45 a.m. |
Session 7 – Long Term Contract and Guarantee Risks Presenter(s): Rianto Ahmadi Djojosugito |
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9:45 – 10:45 a.m. |
Session 8 – Professionalism Presenter(s): Victor Chen, FSA, FCIA, CERA, Chief of Staff – Asia, RGA |
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10:45 – 11:00 a.m. |
Morning Coffee Break |
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11:00 – 12:00 a.m. |
Session 9 – The Role of Actuaries in Strengthening Pension Funds in Indonesia & Employee Benefits Trend in Indonesia and Funding strategy Presenter(s): I Gde Eka Sarmaja |
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12:00 – 1:00 p.m. |
Lunch |
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1:05 – 2:05 p.m. |
Session 10A – Risk Management on Covering Loan for Credit Life Insurance Presenter(s): · Ibnu Hasyim · Vincent Wiliant · Delil Khairat
Session 10B – IFRS 17/PSAK 74 - The New Economic Reality Presenter(s): · Alexander Aeberli, Actuarial Associate Director, EY · Steve Cheung, FSA, Partner, EY Session 10C – Leveraging Machine Learning for Insurance Risk Prediction: Insights from Non-Traditional Factors Presenter(s): Te Jia Hau, FSA, CERA, Manager, Data Science, Pacific Life Re |
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2:10 – 3:10 p.m. |
Session 11A – IFRS 17 and Its Implications on (Re)Insurance Industry Presenter(s): Min Liang Liew Session 11B – Actuarial Study in New Area - Non-Government Organization Presenter(s): · Billy Wong, FSA · Kelby Chan, Actuarial Consultant, GUM Session 11C – Green Computing on Cloud Presenter(s): Taik Ki Lee, FSA, Managing Director and Head, AON PathWise Solutions Group (PSG), APAC Region |
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3:10 – 3:25 p.m. |
Afternoon Coffee Break |
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3:25 – 4:25 p.m. |
Session 12A – Post-pandemic Morbidity Trends on Medical Reimbursement in Indonesia Presenter(s): · Brad Wallis, FSA, FCIA, Chief of Product and Inforce Management, Manulife · Ryan Dermawan Session 12B – Challenges in Implementing IFRS17 for Syariah Business Presenter(s): · Farzana Ismail · Mohamad Muzzakir Abd Ghafa Session 12C – Underwriting Transformation Roadmap: From Automation to Augmented with AI and Machine Learning, Risk Management, and Technology Enablement Presenter(s): · Evi Tedjasukmana, FSA, FSAS, Chief Business Officer, Munich Re · Ryan Gaughan, Senior Data Scientist, Munich Re |
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4:30 – 5:30 p.m. |
Session 13A – Adjusting Insurance Pricing Models: Using Bayesian GLM to Incorporate Distribution Channels and Stay Competitive Presenter(s): Nanang Susyanto Session 13B – Highlights from Global Mental Health Survey Presenter(s): · Arthur Lee, Head of Creation Re, Southeast Asia Markets, RGA · Vaibhavi Mehta, ACII, Market Development in Regional Marketing, Asian Markets, RGA Session 13C – Staying ahead of the Curve - Adapting Propositions to a Shifting Landscape Presenter(s): · Amanda Chen, FSA, Country Manager, Indonesia, Gen Re · Tze Leong Chan, FIA, Senior Marketing Actuary, Gen Re |
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5:30 – 5:45 p.m. |
Closing & Photo Session |
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Thursday, June 22, Symposium Day 3 (Denpasar, Bali Time) | |
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7:30 -8:30 a.m. |
Registration and Welcome Break |
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8:30 – 8:40 a.m. |
Introductions and Opening |
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8:40 – 8:45 a.m. |
Sponsor Remarks |
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8:45 – 9:45 a.m. |
Session 14 – Professionalism Presenter(s): Nicholas Yeo, FSA, FIA, FASM, FSAS, Founder & Actuary, Nicholas founded Nicholas Actuarial Solutions |
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9:45 – 10:45 a.m. |
Session 15 – What is Claims Investigation and Its Contribution in Actuary? Presenter(s): Alvin Ayodhia Siregar |
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10:45 – 11:00 a.m. |
Morning Coffee Break |
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11:00 a.m. – 12:00 p.m. |
Session 16 – ChatGPT: Risks and Opportunities 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 |
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12:00 – 1:00 p.m. |
Lunch |
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1:10 – 2:10 p.m. |
Session 17A – A Practical Bottom-Up Approach for the Indonesian Market Presenter(s): Rifqa Fadhli Session 17B – What is Asset Intensive Reinsurance and What is Driving the Growth Presenter(s): Watson Teo Session 17C – Emerging Opportunities in Asia Retirement Presenter(s): Elvin Tharm, FSA, Senior Managing Director, Head of Retirement Proposition, Strategy &Transformation, Asia Retirement, Manulife Investment Management |
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2:15 – 3:15 p.m. |
Session 18A – Navigating the Changing Tides: The Impact of IFRS17 and new Solvency Regime on L&H Reinsurance in Asia, with a Focus on Korea Presenter(s): Douglas Kim, FSA, Assistant Vice President, Swiss Re Session 18B – Optimizing Portfolio : Actuary vs Underwriter Presenter(s): · Ronald Sajuti · Yustinus Rinaldo Ari Session 18C – Product Innovation in a Changing Landscape Presenter(s): Ouling Lu, FSA, MAAA, Head of Products, Greater Asia Life, Milliman |
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3:15 – 3:30 p.m. |
Afternoon Coffee Break |
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3:30 – 4:30 p.m. |
Session 19A – Fair Market Valuation for Life Insurers Presenter(s): Will Halley, CFA, Director, Advisory Services, Moody’s Session 19B – Strategy Asset Allocation for Syariah Business Presenter(s): Liestya Sulaeman Session 19C – Predictive Analytics: Modeling Techniques, Modeling & Statistical Methods: Simulation Presenter(s): · Maria Zefanya Sampe, S.Si., M.Si., M.M, Faculty, Member of Business Mathematics, Prasetiya Mulya University |
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4:30 – 4:45 p.m. |
Closing & Photo Session |
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Friday, June 23, Symposium Day 4 (Denpasar, Bali Time) | |
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8:00 -9:00 a.m. |
Registration |
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9:00 -12:00 p.m. |
Half Day Optional Tour for Registrants |
Educational Objectives
Share best practices with participants and create opportunity for the growth in the actuarial profession.
Audience Experience Level: All levels of experience
Target Audience
Actuaries, insurance, finance and investment practitioners, along with other industry professionals practicing in Asia-Pacific region, as well as all interested professionals from all around the world.
Primary Competencies: C, P, EF, L, RM, TS, SI, RO
LOCATION
Denpasar, Bali, Indonesia
In partnership with:
Thank you to our 2023 Sponsors
Diamond Sponsor
Gold Sponsors
Networking Sponsor
Registration
For PAI members, they must register to the PAI registration system which will be open around early May.
Registration Fees 23.40 credits (including 3.60 Professionalism CPD credits)
Include entire Meeting (June 20-22 and optional half-day tour on June 23) but exclude hotel guest room fee.
Virtual Registration Fees
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SOA Member |
Individual (one access code, no broadcasting) |
$380.00 |
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Non-Member |
Individual (one access code, no broadcasting) |
$480.00 |
Registration Fees for Physical
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SOA Member |
$520.00 |
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Non-Member |
$650.00 |
Payment Information
- Register online, via credit card, no later than June 12, 2023.
- A confirmation of your registration will be sent by email.
- Full payment is required at the time of registration.
- For information regarding check payment please contact Customer Service. Please allow 10 days for receipt and processing of checks.
- order confirmations are emailed upon completion of registration. Mail-in registration confirmations are emailed after the order has been processed. If you do not receive a confirmation, please click here, select "View Order History" and log in to confirm your order was placed. To request another copy of the confirmation order or to update the registration form, please contact Customer Service at customerservice@soa.org. By e-mailing customerservice@soa.org, you may make changes to your registration until June 2, 2023.
Cancellation Policy and Process
- To cancel an order, please contact customerservice@soa.org.
- The SOA reserves the right to cancel any seminar if conditions warrant. In the event of such cancellation, registration fees will be refunded in full. We are not responsible for any discounted airfares or hotel penalties that an attendee may incur due to cancellation.
- An attendee may transfer his/her registration to another individual without a processing fee; however, the transfer must occur within the same meeting or seminar.
Notes
- The SOA is considered a not-for-profit corporation in Canada and therefore needs to collect applicable taxes on virtual seminars. Based upon your primary residency or company address, the appropriate tax will automatically be calculated for you (5% GST, PEI 14%, NB, NL, ON 13%, NS 15% GST/HST) during the online registration process.
- If you do not receive instructions for accessing the virtual seminar by the day prior to the event, please contact the SOA Customer Service Center at +1-888-697-3900 or via email at customerservice@soa.org with the name of the program.
Continuing Professional Development Credit
The SOA Continuing Professional Development (CPD) Requirement was effective on Jan. 1, 2009, and members must report compliance annually as of each Dec. 31. Members must meet the Basic Requirement provisions of Section B or one of the Alternative Compliance provisions of Section C of the SOA CPD Requirement in order to be deemed compliant.
The sessions at this seminar meet the basic SOA requirements and may be suitable to meet the provisions of an Alternative Compliance standard (please consult the appropriate standard).
Below is the maximum number of credits you could receive, based upon your attendance.
- 23.40 credits (including 3.60 Professionalism CPD credits) may be applied toward the “Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion” and the “SOA Continuing Professional Development Requirement.”
- 19.50 credits may be applied toward “The Canadian Institute of Actuaries Qualification Standard—Continuing Professional Development.”
Ultimately, it is the member’s responsibility to make a reasonable, good-faith determination as to whether a continuing professional development event meets the CPD Requirement.
For further information on these requirements, visit SOA.org.
U.S. Qualification Standards
The Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States took effect Jan. 1, 2008, and were developed by the American Academy of Actuaries’ Committee on Qualifications on behalf of the five U.S. actuarial organizations.
The SOA believes that sessions at this meeting may be suitable for filling this requirement as continuing education under the U.S. Qualification Standards. Ultimately, it is an actuary’s responsibility to make a reasonable, good-faith determination of what continuing education opportunities will enhance his or her ability to practice in a desired field.
For further information on this requirement, please visit the https://www.actuary.org/content/us-qualification-standards
Contact Us
If you have any concerns or questions, please contact the SOA Customer Service Center Monday through Friday, 8 a.m. to 5 p.m. CT at +1-888-697-3900 or Monday through Friday, 9 a.m. to 6 p.m. Hong Kong Time at +852-2147-5966. You can also e-mail the SOA Customer Service Center at customerservice@soa.org or apac@soa.org.
Room Booking
Hotel room reservation, please visit the hotel website below:
- Pullman Bali Legian Beach
Bali, 80361 Legian, Indonesia - Wyndham Garden Kuta Beach Bali
Pantai Kuta No 99X, Kuta, Bali, 80361, Indonesia - Mamaka by Ovolo
Pantai Kuta No.32, Legian, Kuta, Kabupaten Badung, Bali - Sheraton Bali Kuta Resort
Pantai Kuta, Kuta, Bali, Indonesia, 80361 - Mercure Bali Legian
Legian No 328, Legian Kelod Kuta, Kuta, Bali, 80361 BALI, Indonesia - Hard Rock Hotel Bali
Pantai Kuta, Banjar Pande Mas, Kuta, KabupatenBadung, 80361Indonesia
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Venue:
The Stones Hotel- Legian Bali
Jl. Raya Pantai Kuta Banjar Legian Kelod Bali Legian Indonesia
62(3613)005-888 -
23.40 SOA CPD
19.50 CIA
