2020 AICT-SOA Joint Seminar—IFRS17


2020 Taiwan International Balloon Festival    by Taitung County Government




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 

◆ Implication of IFRS17 on life insurance management

◆ Reinsurance in the IFRS17 world

◆ IFRS17 Transition: Indirect vs Direct Approach & Financial Implication

◆ Key considerations when implementing IFRS17 business planning functionalities within your actuarial model

◆ IFRS17 implementation in Asia



※ 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. 









 ▍Agenda (Taipei Time)





 09:00-09:10  Welcome Remark


 09:10-10:10  Implication of IFRS17 on life insurance management

 Jin Peng


 Reinsurance in the IFRS 17 world

 Pierre Maria

 Kenneth Lo


 Coffee Break


 IFRS 17 Transition:

 Indirect vs Direct Approach & Financial Implication 

 Fiona Lin

 Eric Lin




 Key considerations when implementing IFRS 17 business

 planning functionalities within your actuarial model

 Janice Wang

 Julian Man


 IFRS 17 implementation in Asia (Part I)

 IFRS 17 implementation in Asia (Part II)

 Steve Cheung & Alexander Aeberli 

 Cathy Lin & Victor Yeung


 Closing Remark



Please refer to Agenda Session InformationSpeaker Profile for more information.  





  • Mark your calendar 

    2020  AICT-SOA Joint Seminar—IFRS17 Seminar
    Date:20 Oct ,2020
    Venue:Hybrid ( WebEx & Venue- CHANG YUNG-FA FOUNDATION International Convention Center 10F R1001 )
  • Registration deadline : Oct 13th, 2020

  • Relevant Information : pre-webinar reminder

  • Registration Policy

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.  

  • Cancellation and Refund policy 

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.

  • Registration fee and linkage


Registration Fee 

 AICT/ SOA Member  NT$ 6,000
 Non member  NT$ 7,000
 Academic*  NT$ 2,500
AICT member / All non-member Registration
                        SOA member Registration                              

 *For full-time teachers and students only, please contact the AICT Secretariat for registration and payment.




▍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.