NEWS
2020 AICT-SOA Joint Seminar—IFRS17
2020 Taiwan International Balloon Festival by Taitung County Government
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This grand event is the joint international seminar organized by the Actuarial Institute of Chinese Taipei, AICT and Society of Actuaries, SOA on Oct 20, 2020.
The united seminar is the first cooperation between AICT and SOA. This year's subjects focuses on IFRS17. Professional speakers are invited to share their points of view and practical experience, including
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※ Given the current world-wide situation with COVID-19, this seminar is going Hybrid, foreign lectors and registers could join the seminar through WebEx and Taiwan's could join in-person mode. ※ The software operation manual and precautions for attending the seminar will be attached to the "Pre-Seminar notification" email to the WebEx registers. |
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Organizer |
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▍Agenda (Taipei Time)
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Speaker |
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08:30-09:00 |
Registration |
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| 09:00-09:10 | Welcome Remark |
AICT / SOA |
| 09:10-10:10 | Implication of IFRS17 on life insurance management |
Jin Peng |
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10:10-11:10 |
Reinsurance in the IFRS 17 world |
Pierre Maria Kenneth Lo |
| 11:10-11:30 |
Coffee Break |
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| 11:30-12:30 |
IFRS 17 Transition: Indirect vs Direct Approach & Financial Implication |
Fiona Lin Eric Lin |
| 12:30-14:00 |
Luncheon |
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| 14:00-15:00 |
Key considerations when implementing IFRS 17 business planning functionalities within your actuarial model |
Janice Wang Julian Man |
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15:00-16:00 |
IFRS 17 implementation in Asia (Part I) IFRS 17 implementation in Asia (Part II) |
Steve Cheung & Alexander Aeberli Cathy Lin & Victor Yeung |
| 16:00-16:10 |
Closing Remark |
AICT / SOA |
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Please refer to Agenda | Session Information | Speaker Profile for more information. |
▍Register
FULL PAYMENT must be paid online by credit card and received in order to confirm your registration. Group registration is not be available for foreign participants. For academic participants, please contact AICT Secretariat to proceed the registration. By registering, participants agree that their name, company, city and country appear on the participant list. Participants can request to have their name removed from the list at any time by emailing to AICT Secretariat.
If, for any reason, the Joint Seminar, or any part thereof, is prevented from being held, or the venue becomes unavailable, the Organiser may cancel or postpone the Joint Seminar. In such event, the Organiser shall not be responsible for delays, damage, loss, increased costs, or other unfavourable conditions arising by virtue thereof, and participants waive all or any claims for loss, expense or damage against the Organiser arising there from.
Cancellation before before the registration deadline (including) will be subject to an administration fee of 20% of registration fee per participant and refunds will only be made after the completion of the Joint Seminar. In the event of late cancellation after the registration deadline or no-show, request of refund will not be entertained.
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Registration Fee |
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AICT/ SOA Member | NT$ 6,000 | |||
| Non member | NT$ 7,000 | ||||
| Academic* | NT$ 2,500 | ||||
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| SOA member Registration | |
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*For full-time teachers and students only, please contact the AICT Secretariat for registration and payment. |
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▍About Taiwan / International Balloon Festival
【Taiwan International Balloon Festival 】
Since launching the Taiwan International Balloon Festival in 2011, the Taitung County Government expunged simply conducting short-lived events and shifted to focus on local economic development. As of September 2011, there has been a gradual and steady implementation of international standards in terms of decrees, personnel training, and hot-air balloons.
Skyrainbow Airlines, Taiwan’s only hot air balloon business, was established in 2014 to facilitate the dream of hot air ballooning taking root in Taitung. Its operations enforced the air-based leisure industry and paved the way for developing hot air ballooning in Taiwan and a new path for tourism. Inviting hot air balloons from multiple countries such as Malaysia, the Philippines, Canada, the Netherlands, and Belgium has propelled hot air ballooning in Taiwan onto an international stage and connection with the international community.
In 2016, continuing to raise the bar, the first hot air balloon competition was held. This competition invited expert pilots from around the world to participate at Luye Highlands. Special-shaped hot air balloons from around the world were gathered in 2017, constituting the highest number ever assembled in history. This riveting year attracted 480 thousand people over the 38-day festival.
The event in 2018 was also brilliant. In response to public request, the festival was extended by seven days, attracting 910 thousand visitors and generating NTD$ 2 billion of output value. Travel Channel, the prestigious tourism channel, named the Taiwan International Balloon Festival as one of the top 12 hot air balloon festivals around the world.
