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We are pleased to introduce Ms Lee Wen Yee and Mr Mark Lim as our speakers for the AGM forum. They will be presenting a Singapore Case Study on RBC vs Solvency II.
The implementation of Solvency II could present an opportunity for companies to manage their risk and capital more efficiently. Although Solvency II is not currently a requirement in Singapore or elsewhere in the region, a certain level of interest exists in the industry. This presentation compares the theories underlying these frameworks and uses two simple hypothetical examples to illustrate the impact of moving from the Singapore RBC framework to the Solvency II framework for certain product classes.
Speaker bios:
Lee Wen Yee joined Towers Watson in Singapore in April 1998 and is a Fellow of the Institute of Actuaries of Australia.
During a three year secondment as a senior consultant in the company's London office, Wen Yee supported the actuarial function holder in the regulatory valuation of a large insurance company in the UK. Her involvement included managing the UK Peak 1 valuation, Individual Capital Assessment ("ICA") valuation, Market Consistent Embedded Valuation ("MCEV"), Traditional Embedded Valuation ("TEV") and Solvency II QiS3/4 valuation.
Prior to her secondment to the UK, she advised clients in the South-East Asian region in issues relating to the life insurance industry. Her experience includes statutory valuations, mergers and acquisitions, sales force modeling, appraisal and embedded value calculations, business planning, product development, pricing and profit testing and asset and liability modeling.
Mark Lim joined Towers Watson in Singapore in February 2006 and is a Fellow of the Institute of Actuaries.
Before joining Towers Watson, Mark worked for Friends Provident in the UK between 1999 and 2005 and has extensive experience in a life office, including statutory and embedded value reporting, experience analysis, basis review and actuarial model development.
Mark's experience as a consulting actuary is equally broad, covering high profile M&A and bancassurance projects, market research, modeling, traditional embedded valuation, product pricing and Appointed Actuary work in the region. More recently, Mark has been involved in MCEV related projects.
Date : Friday, 26 March 2010 Time : 3.00pm to 4.00pm Venue : TDB Room, Fullerton Hotel 1 Fullerton Square Singapore 049178 Registration from: 2.45pm Talk Commences : 3.00pm promptly Cost: Paid up Members: Free Non-Members: S$25, cheque payable to Singapore Actuarial Society
Priority will be given to paid up members who have pre-registered and then to others who have pre-registered and finally, if any seats remain, to those who do not pre-register based on their order of arrival. If you would like to attend, please register by replying to this e-mail..
Thank you. Patsy Lau For and on behalf of Mark Birch Chairperson, Education Committee 2009/10 Singapore Actuarial Society