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The Singapore Actuarial Society (SAS) is pleased to host the 22nd Asian Actuarial Conference (AAC) in Singapore from 21-24 October 2019 at Resorts World Sentosa, Singapore, themed Crazy Responsive Actuaries – Taking Action to Secure the Future.
The harmonious insurance industry is under threat! Low interest rates and the increasing availability of capital have been putting pressure on returns. Rising medical costs have been squeezing insurers. Costly regulatory and accounting changes threaten to overwhelm.
The march of technology has been showing to be a Pandora’s Box. Pay-per-use insurance and driverless cars could render some products obsolete. New players are knocking on the walls and threatening to unseat incumbents through radically different business models. New risks introduced by technology such as Cyber risks, are still not fully understood. Meanwhile the risks of missing out on the opportunities are just as severe.
But we’ve not been sitting idly, have we? The uncertain world has spurred on the crazy responsive spirit of the actuary. Science and art have been married up in the quest to optimise capital. Advancements are being brought to the fore to vastly improve medical outcomes. The power of technology is being harnessed to push the boundaries in analytics, distribution and underwriting. Disruptors and innovation centres have been popping up to re-define the possible, whilst incumbents have been seeking new partnerships to continue securing the future. Actuarial techniques and scope have been adapting too in response to the new risks and requirements.
The challenges for our industry are far from over, but just like in the past we hope that these spur us to take action to secure the future and in the process bring out the best in us.
The AAC is the largest actuarial conference in Asia. Past data, which is what most actuaries use to predict future, suggests that more than 700 delegates would attend the conference. Whether you want to have an impact on the actuarial community and the insurance industry with your ideas or elevate your profile, there is no better platform than the AAC.
We look forward to seeing you at the conference.
On behalf of the Organising Committee
Chair of the AAC19 Organising Committee
CORPORATE ROOM RATES for 2019