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Richard Holloway

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Dear SAS Members,


Please refer to the following link for 2013/2014’s 1st issue of SAS Monthly.


Here are some of the highlights in this first issue for the new Council year:


-          The 37th SAS AGM

The SAS AGM was held on the 15th of March marking the end of yet another successful year for the SAS.  The event commenced with presentations by the Retirement Committee and the General Insurance Committee Liability Valuation Guidance Notes Working Party.  This is followed by the nomination of the new council members before ending with the Annual Dinner. 


-          SAS Council

At the SAS AGM, Bob Gibson was welcomed into the SAS Council while Chi Cheng Hock and Colin Pakshong stepped down. 


-          Committee Reports

In this issue, the SAS received reports from the Enterprise Risk Management (ERM), Student, General Insurance (GI) and Retirement committees:


o   The ERM committee has formed 3 workings groups covering Diversification Benefits, Operational Risk and Own Risk & Solvency Assessment (ORSA) with the aim to conduct research around RBC and ERM components.  The committee is currently looking to expand and start other working parties and would welcome volunteers.

o   The Student committee provides a brief report on the SAS Career/Internship fair that was held on the 22nd of March at Singapore Management University (SMU).

o   The GI committee gives us a brief reminder on the upcoming GI conference to be held on the 30th/31st of May.  Put this down in your calendars!

o   The Retirement committee summarizes the two papers that were presented at the 37th AGM.  These papers will be further developed and presented to SAS members for discussion and recommendations.


-          Interview of the Month

Our “victim” of this issue is Matthew Maguire, Partner at NMG Financial Consulting.  Please check out his opinions on the Actuary profession and also get to know more about him!


We hope that you would enjoy this issue, and don’t forget to exercise your brain power at the Brainteasers section!


Any feedback is welcomed!


Thank you.


Richard Holloway

Vice President 2013/2014

Singapore Actuarial Society