Joint Regional Seminar 2019
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Location:
Hotel Manhattan, Jakarta Indonesia
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Start Date:
31 July 2019
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End Date:
31 July 2019
Description
OBJECTIVE The Joint Regional Seminar (JRS) is an annual event co-organized by the Institute & Faculty of Actuaries, Actuaries Institute Australia and Society of Actuaries with the support of the local actuarial societies in the region. It is designed to assist actuaries and other professionals in meeting their CPD requirements. The JRS Organising Committee & Persatuan Aktuaris Indonesia are pleased to be once again hosting the JRS, which will take place on 31 July August 2019 in Jakarta. THE SEMINAR In today’s dynamic business landscape, insurance companies are facing more than ever critical changes and evolving risks. The industry is undergoing significant regulatory changes with respect to financial reporting standards, capital requirements and supervisory framework. Most notably, the new International Financial Reporting Standard 17 (IFRS 17) will impact on the revenue recognition, data, systems and processes, among many others. A number of regulators are also either introducing risk-based capital (RBC) or revisiting their existing RBC framework. While insurers are relentlessly cracking the new regulatory changes, the business environment continues to be rapidly changing with the emerging trends and demographic shift, including longer life expectancy, ageing population, changing habits and behaviors. Actuaries are playing an increasingly important role in dealing with these challenges and turn them into competitive advantages. Hence the theme of this year’s JRS is “Changing Environment, Emerging Trends and Evolving Regulations – Deja Vu or Crystal Gazing?” The key topics in the Jakarta JRS are: ? Transforming group insurance - enhance sales process, innovate business model and enable advanced analytics (by Ernst & Young) ? Services innovation & platform construction in overseas medical treatment (by Partner Re) ? The evolving landscape of genetics and insurance (by SCOR) ? Comparative analysis of Asia’s life insurance capital regimes and implications (by Milliman) and more...