PAI-SOA Joint Webinar

PAI/SOA Member

IDR 750.000

Non-Member

IDR 1.000.000

Retired, Government, Academic, or Unemployed

IDR 350.000

09:00-09:05

Welcome Remarks

Presenter(s): Paul Setio Kartono, ASA, MAAA, FSAI, President, Persatuan Aktuaris Indonesia

09:05-09:35

Session 1 - How would actuaries OutSmart genAI

Presenter(s):

·       Ka Hei Choi, FSA CERA, Partner, Deloitte Actuarial Practice

·       Yee Yung Yong, Director, Deloitte

Gen-AI has been the buzzword for the recent years. Whilst business users are frantically exploring and looking into Proof-of-Concept to explore the use cases for Gen-AI application, we would like to share with you the proven framework in implementing a Gen-AI solution. This includes the challenges and lessons learnt, the role an actuary would play in such implementation project, and how actuaries leveraging the domain knowledge in formulating Gen-AI powered solution to elevate their skillsets and role further in the insurance industry.

Actuaries manages risk, as such lastly we would also like to discuss how the model risk is managed. We will have a quick glimpse around the world on what regulatory is in place for Gen-AI and the principles that should be in place to ensure the outputs from the solution are not bias and/or hallucinated.

At the conclusion of the session, attendees will be able to rethink how actuaries could elevate our skillsets to adapt the world under Gen AI. Actuaries will not be replaced by AI but we will uplift our training program to educate and grow a new generation of Actuaries which could generate prompt for Gen AI and review / validate / verify Gen AI outputs.

09:35-10:05

Session 2 – SOA Presentation - Comparison of Regulatory Framework for Non-Discriminatory AI Usage in Insurance

Presenter(s): David Schraub, FSA, CERA, MAAA, SOA Researcher of the Study, Founder and CEO, David Schraub Actuarial Consultancy

10:05-10:55

Session 3 - Indonesia Healthcare Ecosystem

Presenter(s):

·       Raymond Cheung Wai Man, Group CEO, Basel Medical Group Ltd

·       Made Savitra Kusumadewi, MD, Chief Medical Officer, Aman

This session explores the critical challenges within Indonesia's healthcare ecosystem, including fragmented communication, inefficient claims management, and process complexity. It highlights the role of healthcare startups in bridging gaps among stakeholders; such as providers, insurers, and patients; while streamlining operations and fostering collaboration. Attendees will gain insights into innovative approaches that simplify healthcare delivery and optimize outcomes, contributing to a more efficient and inclusive system.

For actuaries, this session sheds light on the intersections between healthcare processes and risk assessment. By addressing claim management and operational efficiency, the discussion provides actionable insights into reducing costs, improving data utilization, and enhancing service predictability. Attendees will benefit from a deeper understanding of how these advancements align with risk models and influence decision-making in a rapidly evolving industry

10:55-11:05

Break

11:05-11:55

Session 4 - Stakeholders Perspectives on IFRS17

Presenter(s): Siang Thnia Lim, Executive Director, Deloitte Consulting

IFRS 17 is fully underway in many countries in Southeast Asia and globally, this poses a unique opportunity for Indonesian insurers to leverage learnings and insights from other regions to better understand the financial and operational implications of the new reporting standard.

We have already witnessed actuaries grapple with complexities around changes to process, people and technology to report on an IFRS 17 basis. Furthermore, we have seen management reshape their approach to performance management and tackle investor communications.

This session will delve into the impact of IFRS 17 from the lens: actuaries, management and investors. The session will discuss:

Actuaries: What should we expect and how can we prepare ourselves better to manage growing demands post-implementation? How does the role of an actuary change in an IFRS 17 world?

Management: How do we measure and monitor performance under IFRS 17? How does this influence the way we steer our business and impact our longer term strategy?

Investors: How the changes in the presentation of financial results  affect the way we view the value of insurance companies?

It helps actuaries understand how the expectations & demands on actuaries in an IFRS17 world 

11:55-12:00

Closing Remarks

Presenter(s): Yudhistira Dharmawata, FSA, Greater Asia Committee, Society of Actuaries