SAS Forum on Development of the IAIS Insurance Capital Standard V.2

Dear Members

 

A WONDERFUL OPPORTUNITY to HEAR from the PEOPLE DIRECTLY INVOLVED in the 

DEVELOPMENT of the 

INTERNATIONAL ASSOCIATION of INSURANCE SUPERVISORS (IAIS)’

INSURANCE CAPITAL STANDARD (ICS) Version 2

 

Monday, 13 MAY 2019 2.00pm – 5.45pm

Mochtar Riady Auditorium Singapore Management University

[To register, please see below]

 

Back in October 2013, the International Association of Insurance Supervisors (IAIS) announced its plan to develop a comprehensive group-wide supervisory and regulatory framework for Internationally Active Insurance Groups (IAIGs).

 

This framework is known as the risk­based global Insurance Capital Standard (ICS). Over the years, the IAIS has conducted multiple quantitative field testing exercises in the development of the ICS, and has reached out to various stakeholders, and engaged in public consultations on ICS matters. ICS Version 2.0 is scheduled to be developed by late 2019.

 

Within the IAIS, the Capital Solvency and Field Testing Working Group (CSFWG) has the mandate to develop the ICS. The CSFWG will be in Singapore in May as it continues its good work. The Monetary Authority of Singapore (MAS) is heavily involved in this project and currently holds the Vice-chair of the CSFWG.

 

MAS reached out to the Singapore Actuarial Society (SAS) to host a Forum for the CSFWG to make presentations to SAS members and other practitioners in the insurance industry, to promote
local awareness of the ICS. The SAS is honoured to welcome such a distinguished panel of speakers to update participants on this important development in the enhancement of the financial security of insurers worldwide:

• Chair of the CSFWG, Mr. Paolo Cadoni from the Bank of England;
• Vice­chair of the CSFWG, Mr Gilbert Chin from MAS;
• Vice­chair of the CSFWG, Mr Sanders Shaffer from the Federal Reserve Bank of Boston, USA; and
• Senior Policy Adviser within the IAIS, Ms Danita Pattemore.  

 

The biographies of these speakers can be found on this link: Speakers Bios

 

Please find the synopses of the presentations by clicking on this link:   SYNOPSIS

 

Date                 Monday, 13 May 2019

Time                2.00pm – 5.45pm

Venue             

Mochtar Riady Auditorium

Administration Building, Level 5

Singapore Management University

81 Victoria Street S.188065

 

Programme

2.00pm – 2.30pm       Registration

2.30pm – 4.30pm       Presentations by CSFWG Members

4.30pm – 5.15pm       Questions & Answers

5.15pm – 5.45pm       Refreshments & Interaction with Speakers

5.45pm                        Close of Forum

 

REGISTRATION

 

This Forum, as with all other SAS afternoon Forums, will be free to all SAS members.

 

Given the importance of this topic to the insurance industry, and all parties involved in the capital management of insurers, the SAS has decided to offer non-members to pay a nominal fee of $20 to attend this seminar, to help the SAS defray some of the cost.

 

We hope that you will encourage your colleagues in your financial and risk management departments to attend this seminar. Even if your company is not an IAIG, we are confident that you and your colleagues will gain much insight into the development of capital standards from the speakers.

 

To register, just click on the link:  Online Registration

 

We look forward to seeing you at this important Forum!

 

If you have any queries about this Forum, please drop an email to our Executive Director at chenghock@actuaries.org.sg.

 

Thank you.

 

 

Chi Cheng Hock

Executive Director

 

 

 

Directions to SMU Administration Building, 81 Victoria Street, Singapore 188065 << Click here