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2021/07/30
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2021 AICT/CAS Joint Property/Casualty and Health Actuarial Seminar

      JiaMing Lake | Sunrise by KENT FAN

 

 

This grand annual event is the joint international seminar organized by the Actuarial Institute of Chinese Taipei, AICT and Casualty Actuarial Society, CAS.

 

The united seminar is quite rich which including a 1.5-day Seminar, Sep.9 & Sep.10. 

The subjects will be property and IFRS17 related for applicants to register, respectively. Applicants can register for Day1+Day2 Session 1, Day2 IFRS17 Session or the whole seminar according to their professional fields.

 

The Seminar is arranged to meet the needs of the industry, considering the current situation of major important issues, such as Artificial Intelligence, C-ROSS, ICS, Climate Change, InsurTech, IFRS17. The lectures will share their practical experience and suggestions based on the domestic current situation and industry needs.

 

 

Given the current world-wide situation with COVID-19, this seminar is going  webinar / virtual through WebEx instead of in-person mode. The meeting link will be attached to the "Pre-Seminar Notification" email to the registrants. Also, please download the software operation manual and precautions for attending the seminar on the website and read them thoroughly.

 
Organizers
                                       

 

 


 

 ▍Agenda (Taipei Time)

               

 

Day 1 - 9/9
Topic
 Speaker

 09:00-09:20

 Webex meeting room opened  
 09:20-09:30  Opening Remark

 AICT: Jeremy Kan

 CAS: Brian Fannin

 09:30-10:30  On Insurabilty and Transfer of Pandemic Business Interruption Risk (English)

 Brian Fannin

 Tim Wei

 Aditya Khanna

 10:30-10:40

 Break

 10:40-11:25  Cyber Landscape & Analytics (English)

 Jess Fung

 Chris Shafer

 11:25-11:30

 Break

 11:30-12:15

 Actuarial Science in the Age of Artificial Intelligence (English)

 Jim Guszcza
 12:15-13:30

 Luncheon

 13:30-14:20

 The Experience of C-ROSS Phase II and Motor Insurance Refor

 in the Chinese Non-Life Insurance Market (Mandarin)

 Sherwin Li

 Delvin Cai

 14:20-14:25

 Break

 14:25-15:10

 ICS Development and Feedback on Local Field Testing (Mandarin)

 MuChun Huang

 15:10-15:30

 Break

 15:30-16:15

 Risks and Opportunities of Climate Change (Mandarin)

 Roger Tseng

 16:15-16:20

 Break

 16:20-17:10

 Innovative Premium Pricing Model with InsurTech (Mandarin)

 Yi-Hsien Kuo
 

 End of Day 1

 

       

Day 2 - 9/10
Topic
Speaker
 08:40-09:00  Webex meeting room opened

 

 09:00-10:00

 Session 1: 

 Property Catastrophe model-miss and climate change+

 How to structure effective P&C reinsurance/retrocession program in 

 today's market condition (Mandarin)

 Jimmy Deng

 10:00-10:10

 Break

 10:10-12:00

 IFRS 17: Panel Discussion (Mandarin)

 Moderator:

 Luke  Hsu


 Panelist:

 Kok Weng

 Sandy Chen

 Li Ching Lu

 Kuang-Tsai  Ku

 Chien-De Wu

 12:00-12:05

 Closing remark

 AICT / CAS

            *All speakers will join the webinar via Webex.

 

Please refer to Agenda | 9/9 Seminar | 9/10 Seminar | Speaker profile for more information.

 


 

 ▍Registration

 

 
  • Mark your calendar 

    2021 AICT/CAS Joint Property/Casualty and Health Actuarial Seminar
    Date:9 –10 September 2021
    Venue:Webinar (Webex) 
  • Registration deadline : Sep 3rd, 2021

  • 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

Category

 Registration Fee 

 Day1+Day2 Session 1

Day2 IFRS 17 Session

 Day1+Day2

 AICT/ CAS Member

 NT$ 3,500

 NT$ 1,500  NT$ 4,000
 Non member

 NT$ 4,000

 NT$ 2,000  NT$ 5,000
 Academic*

 NT$ 1,500

 NT$ 1,000  NT$ 2,500
Registration

 

 

 

 

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

                              

 


 

 ▍Sponsorship

 

 

Sponsorship Opportunities

We want to help you achieve your business objectives and service your customer groups. If you would like to suggest other ways in which your company would like to be involved with the Joint Seminar, please do not hesitate to contact the Actuarial Institute of the Chinese Taipei. The packages can be tailored to your specific marketing needs as well as new ideas incorporated into the available options. 

The Joint Seminar is a unique marketing opportunity and we are confident your involvement as a Sponsor will provide your company with exceptional business rewards.

 

 

 

 

Sponsorship Package: 

 

 

Please complete and return to AICT Secretariat the Sponsorship booking form for the required information along with your organisation's choice of sponsorship and for the further details on the sponsorship opportunities or queries.

 


 

  Diamond Sponsor

 

 

                                  

Central Reinsurance Corporation is the only domestic reinsurance company in Taiwan undertaking non-life and life reinsurance businesses from domestic and overseas markets.

 

Central Re was established by the Ministry of Finance (MOF) on October 31, 1968 with the mission to promote the sound development and sustainable growth of the local insurance industry. Central Re completed its privatization process on July 11, 2002. Evergreen Group, the well-known transportation conglomerate becomes the largest shareholder and the Ministry of Finance is the second-largest shareholder.

 

Looking forward, the management team will base on the company’s motto of "Challenge, Innovation and Teamwork" to cultivate business prudently and seek opportunities internationally, aiming to become the best reinsurance company in Asia.

 


  

  Platinum Sponsor

 

Cathay Century Insurance was established in 1993 and became a member of Cathay Financial Holdings in 2002. By leveraging group resources and providing customers with a full range of financial services, we have secured our position as the second largest non-life insurer in Taiwan since 2007. We are also focused on expanding our business into foreign markets and established Cathay Insurance (China) and Cathay Insurance (Vietnam) in 2008 and 2010, respectively. In 2015, Cathay Insurance (China) increased its capital by cooperating with Ant Financial Services Group, an affiliate company of the Alibaba Group, in the development of e-commerce financial services. In keeping with the tenets of “Equal Emphasis on Quality and Quantity, Steadfast and Dependable” management, Cathay Century delivered outstanding business performance that was not only rated as twAA+ by Taiwan Ratings, A- by S&P, A3 by Moody's, and A by AM Best, but furthermore enabled us to win numerous domestic awards, including the “Insurance Excellence Award,” “Insurance Faith Hope Love Award,” and “Golden Torch Award.” We also received many internationally acclaimed honors, including the “International Business Premium Award” and the “Asia-Pacific Stevie Awards”. We were also named the “Best Non-life Insurance Company in Taiwan” by renowned British finance publication World Finance Magazine. These achievements are the best testament to our recognition by the people in Taiwan as the Number 1 “Ideal Brand” in the P&C insurance industry and our success as a first-rate non-life insurer in Asia.

 

   ____________________________________________________ ◆ ____________________________________________________ 

 

 

Fubon Insurance has led the non-life insurance sector for the 40th consecutive year, strong results reflecting sound underwriting practices, judicious investment strategies and robust risk management. The business also grew fundamentally stronger through group cross-selling and channel diversification strategies, sales-structure optimization and balanced development.

 

Fubon Insurance stepped up its development of innovative technologies and digital applications to deliver more convenient services to customers. Fubon Insurance innovates the existing service model, partners with the aviation sector to create an automatic, paperless system for trip delay insurance claims, and cooperated with hospitals to start the Claim Payment for Hospitalization Expenses with the agreement of the insured, creating a win-win situation for the insured, hospitals and Fubon Insurance. Customer “stickiness” was further strengthened through friendly UI/UX design and customized products which was formed by big data analytics.

 

At the same time, Fubon Insurance provides both for compensation for damages and loss prevention service. And partnered with information security consultants to introduce full-process services to strengthen local businesses’ information security risk management. Response to the government's energy transformation policy. Green energy insurance team was created to support the sustainable development of clean energy domestically, and Fubon Insurance now insures more than half of all onshore wind turbines in Taiwan. Join every solar energy projects to support green energy sustainable development.

 

Fubon Insurance has long been committed to enhancing the ability of companies and society of risk management. It supports businesses by holding regular loss prevention seminars and providing industry-leading risk management services founded on risk assessment matrices developed in house. Microinsurance for low-income families and agricultural insurance are among its socially oriented products. Extending protections for farmers beyond government disaster assistance and strengthening their social safety net.

 


 

  Gold Sponsor

 

Newa Insurance was established in 1999 under the horizontal service integration strategy of Yulon Group. We aimed to become “the most professional and caring non-life insurance company” while providing high-quality insurance service to our clients. In 2002, we formed strategic alliance with Tokio Marine Group, the biggest insurance group in Japan, to upgrade us with international insurance professionalism and higher quality of insurance service. In 2005, we further merged with Allianz Insurance, which was under Tokio Marine Group, to officially become Tokio Marine Newa Insurance.

 

   ____________________________________________________ ◆ ____________________________________________________ 

 

 

Chung Kuo Insurance Company, Limited (Chung Kuo Insurance or the Company), was founded in Shanghai on November 1, 1931 through investment by the Bank of China. In October 1949, the Company applied to establish a branch office in Taiwan. In December of the same year, the Company relocated its headquarters to Taiwan together with the Bank of China and continued to implement non-life insurance businesses.

 

In February 1972, in order to simplify the non-life insurance organization owned by the government and improve operating performance, the Ministry of Finance completed the merger of the Company and Non-Life Insurance Department of the Central Trust of China after approval by the Executive Yuan. The new entity continued to use the name of “Chung Kuo Insurance Company, Limited.” It was invested directly by the National Treasury, instead as an insurance institution affiliated of the Ministry of Finance.

 

In conformity with the policy of privatization of public enterprises, the Company became the first privatized non-life insurance company owned by the government on May 5, 1994. It also aggressively built marketing channels and expanded business offices to develop non-life insurance businesses as a private enterprise.

 

To expand the scale of operation and enahnce business competitiveness, the Company was converted to a wholly-owned subsidiary of Mega Financial Holding Co., Ltd. through transfer of shares on December 31, 2002, and became a member of the Mega Holding Group. Headquartered in Taipei, Chung Kuo Insurance has 11 branches and 18 corresponding offices in major cities and counties (including Kinmen County) nationwide, as a total of 29 branches and offices in domestic areas. In the overseas market development, the Company opened its representative office in Guam.

 

   ____________________________________________________ ◆ ____________________________________________________ 

 

 
  |  
Co-sponsor

addactis® provides software and consulting services and a broad range of actuarial (re)insurance solutions around pricing, reserving, modeling and reporting.

 

For more than 25 years we have been helping our customers to solve ever-evolving actuarial challenges. With our innovative software we drive the digital transformation of the actuarial function – for actuaries, by actuaries.

 

Present in 25 locations around the 5 continents with an extensive network of business partners, the addactis® experts ensure an effective and responsive support across Europe, Latin America, Asia-Pacific and Africa. Over 500 (re)insurance companies worldwide and 2000 software users in over 50 countries have already chosen addactis®.

 

Our products include notably an end-to-end IFRS 17 - compliant reserving solution and a Pricing software focused on traditional GLM techniques as well as innovative Data Science analytics.

 

We have been proud supporters of the last 3 editions of the AICT-CAS joint actuarial seminar. 

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NTT Data is a leading IT service provider and global innovation partner. Headquartered in Tokyo, Japan, the group was founded in 1967 as the data communications department of Japan Telecom and Telephone Corporation. It became independent from NTT in 1988 and was listed on the Tokyo Stock Exchange in 1995. Currently, it is the world's top 10 IT service provider, Japan's largest information system integration company, and the 62nd NTT group core enterprise of the Fortune Global 500. With the advancement of the group's globalization process, NTT Data Group's business covers more than 50 countries and regions around the world, with 130,000+ employees worldwide, and its scale and strength are among the top 10 in the global IT industry. It has outstanding performance in many fields such as banking, manufacturing, and retail. Its turnover has always been the top eight in Japan, with annual revenue of 20+ billion U.S. dollars, which is as high as the sum of the remaining seven. NTT Data's financial stability has been evaluated by AA- in the Poole Index. In 2018, the global financial and insurance industry's system implementation market share ranked first in the world. Since its establishment in Taiwan in 2004, it has accumulated 150+ experience in constructing large-scale and key IT systems, laying a good IT infrastructure for customers, and assisting in the promotion of development, and the consulting team in Taiwan has 230+ people, which can provide sufficient corporate resources Import services with consulting. With a global vision and scale, NTT Data strives to become a partner that uses information technology to help customers successfully achieve business transformation.

 

 

 


            

 Key Vision: Angel's Teardrop - Chiaming Lake

 

 

 

Located at about 7km straight distance north of Siangyang on Southern Cross-Island Highway, Chiaming Lake is an oval-shape lake at high altitude with praised names such as "the sapphire of high mountains" and "angel's teardrop." The surface of Chiaming Lake is 120m long and 80m wide,at elevation of 3,310m. Chiaming Lake is surrounded by emerald green forest plantation. Reflecting azure blue sky to its clear surface, the lake looks as if it is so deep that you can never reach its lake bed and emits a sense of tranquility of a fairyland. Legend has it that Chiaming Lake was formed by meteor impact, which makes it even more exceptional.

 

 

 
【Tour Taitung】

   


 

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