REINSURANCE INTERNATIONAL STUDY COURSE - Singapore ...
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REINSURANCE
INTERNATIONAL
STUDY COURSE
3rd Intake, 2 to 5 September 2018
SINGAPORE Shangri-La’s Rasa Sentosa Resort & Spa, Singapore
Supported by Monetary Authority of Singapore
LIMITED PLACES AVAILABLE – BOOK NOW TO AVOID DISAPPOINTMENT
Programme eligible for funding under the Financial Training Scheme (FTS)
REGISTER NOW! www.scicollege.org.sg/RISC
ANZIIF/SCI REINSURANCE INTERNATIONAL STUDY
COURSE (RISC) SINGAPORE
OVERVIEW
The ANZIIF/SCI RISC Singapore is affiliated to the widely acclaimed Reinsurance International Study Course (RISC) of the Australian and New
Zealand Institute of Insurance and Finance (ANZIIF) in Australia, having its 51st intake this year. The third intake of ANZIIF/SCI RISC Singapore
2018 will be held from 2 to 5 September 2018 at Shangri-La‘s Rasa Sentosa Resort & Spa, Singapore.
It is a collaborative effort between the SCI and ANZIIF. The course, which is supported by the Monetary Authority of Singapore, is set to
become one of the main talent-building blocks within the SCI’s Reinsurance Talent Development Framework, which aims to develop and
expand the pool of reinsurance specialists and groom the next generation of leaders for the reinsurance sector in Singapore.
ABOUT THE COURSE
A UNIQUE LEARNING OPPORTUNITY
The 4-Day ANZIIF/SCI RISC Singapore is an intensive mix of presentations from
leading experts from the insurance and reinsurance industry, coupled with hands-
on syndicated work exploring the fundamentals of reinsurance. It aims to provide
delegates with a solid understanding of reinsurance in practice.
Syndicates analyse a fictional insurance organisation to design and test the
optimal reinsurance programme. Delegates within their syndicate groups act as
the executives of the insurance company, making recommendations regarding the
optimal reinsurance arrangements for the insurer, culminating in a presentation
of the proposal to a fictional Board. Syndicated learning requires delegates to
work as a group analysing a typical reinsurance submission, coupling the needs
of the portfolio and the corporate risk appetite to optimise the reinsurance
programme.
CURRICULUM Delegates will study: The syndicate group work allows delegates to:
• the role reinsurance plays in the • apply technical learnings in a simulated environment
The Reinsurance
insurance industry designed to replicate a real-world situation
International Study
• different types of reinsurance and • tackle complex problems within the case study together
Course aims to build
their uses • delegate roles and responsibilities
an understanding of
• techniques used to determine risk • share diverse perspectives
reinsurance in practice.
appetite • pool knowledge and skills
• impact of reinsurance structures • develop new approaches to resolving differences
on financial statements • develop their own voice and perspectives in relation to peers
• network with peers
• practise presentation skills.
WHO WOULD BENEFIT FROM THIS COURSE?
This comprehensive 4-day Reinsurance residential course is ideal for professionals who work directly (e.g. underwriters, brokers and claims
staff members) or indirectly (e.g. lawyers, actuaries, accountants and auditors) in the insurance sector or the reinsurance sector, including
companies, regulators and government bodies that service and/or interact with the financial services industry, subject to the following:
• Delegates should preferably have at least 3 years of work experience if they are in the reinsurance sector, or at least 5 years of work
experience if they are in the insurance sector; and
• Delegates should also be comfortable to converse and present in English during their syndicate group activities.
2 ANZIIF/SCI Reinsurance International Study Course (RISC) Singapore
LEARNING OUTCOMES
At the conclusion of ANZIIF/SCI RISC Singapore, delegates will be able to demonstrate
proficiency in four key areas, namely:
1 STRATEGIC
• Articulate the importance of reinsurance in relation
3 FINANCIAL
• Analyse and interpret the impact of reinsurance on a
to a company’s strategy, growth and underwriting company’s financial position
philosophy
• Explain the impact of alternative reinsurance
• Demonstrate how a company’s reinsurance structures on the risk-based capital (RBC)
programme interacts with its risk appetite calculations
• Analyse how the reinsurance programmes interact • Analyse the alternative reinsurance commission
with the portfolio management and underwriting structures and explain their financial impact on the
practices portfolio
• Demonstrate an understanding of the role played by a • Demonstrate an understanding of the counter party
Board in setting reinsurance strategy risk and how it can be managed in the company’s
balance sheet
2 TECHNICAL
• Distinguish the various types of reinsurance
4 LEGAL & REGULATORY
• Articulate the best practice risk management
• Choose the types of reinsurance applicable to the principles and protocols on reinsurance purchasing
specific portfolios and classes of business
• Demonstrate an understanding of the impact of
• Describe how the various reinsurance programmes regulatory requirements relating to reinsurance
interact
• Explain the role of rating agencies and the impact
• Explain how to read and interpret a contract wording ratings that can have on the reinsurer selection
• Demonstrate an understanding of a catastrophe • Describe the legal and compliance implications
modelling relating to reinsurance contracts
• Apply the following tools to monitor an underwriting
performance at portfolio level
»» Risk profiles
»» Triangulations
»» Large loss reports
»» Underwriting results
ANZIIF/SCI Reinsurance International Study Course (RISC) Singapore 3
COURSE SCHEDULE
DAY 1: SUNDAY, 2 SEPTEMBER 2018 DAY 3: TUESDAY, 4 SEPTEMBER 2018
5.00 pm – 6.00 pm Registration & Networking Drinks 8.30 am – 10.00 am General Session 5
6.00 pm – 9.00 pm Opening Dinner 10.00 am – 10.15 am Morning Tea
10.15 am – 12.15 pm Syndicate Session
12.15 pm – 1.00 pm Lunch
DAY 2: MONDAY, 3 SEPTEMBER 2018 1.00 pm – 1.45 pm General Session 6
7.30 am – 8.30 am Registration & Breakfast 1.45 pm – 2.15 pm General Session 7
8.30 am – 8.45 am Course Opening 2.15 pm – 2.30 pm Afternoon Tea
8.45 am – 10.00 am Panel Session 1 2.30 pm – 3.15 pm Panel Session 2
10.00 am - 10.15 am Morning Tea Break 3.15 pm – 6.30 pm Syndicate Session
10.15 am – 11.00 am Syndicate Group Introductions & Session 6.30 pm – 7.00 pm Break
11.00 am – 12.00 noon General Session 1 7.00 pm – 10.30 pm Course Dinner
12.00 noon – 12.45 pm Lunch
12.45 pm – 2.00 pm Syndicate Session
DAY 4: WEDNESDAY, 5 SEPTEMBER 2018
2.00 pm – 2.45 pm General Session 2
8.00 am – 12.15 pm Syndicate Session
2.45 pm – 3.00 pm Afternoon Tea Break
12.15 pm – 1.00 pm Lunch
3.00 pm – 4.00 pm General Session 3
1.00 pm – 2.30 pm Syndicate Presentations
4.00 pm – 5.00 pm General Session 4
2.30 pm – 3.00 pm Syndicate Feedback Session
5.00 pm – 6.00 pm Keynote Session
Course Closure
6.00 pm – 7.00 pm Dinner 3.00 pm – 4.00 pm
Presentation of the John Allison Award
7.00 pm – 9.30 pm Syndicate Session
The Course Schedule, dates, time, duration, venue, topics and presenters
may be subject to changes owing to unforeseen circumstances.
4 ANZIIF/SCI Reinsurance International Study Course (RISC) Singapore
ORGANISING COMMITTEE
George Attard Graham Jones William Song
Chief Executive Officer Senior Vice President Senior Vice President, ERM
Aon Benfield Asia Guy Carpenter & Company Private Limited MSIG Holdings (Asia) Pte Ltd
Andrew Allison Gerald MacDonald Doreen Tan
General Manager – Reinsurance & Underwriter
Perry Tan
Underwriting Services Renaissance Reinsurance Ltd
Head, Technical Training
Allianz Australia Ben Miliauskas Singapore College of Insurance
Chan Whye Loon Sales, Marketing & New Business
Chief Retrocession Officer Aon Benfield
Asia Capital Reinsurance Group Tannia Shell
Tom Graham Reinsurance Portfolio Manager
Head of Regional Treaty Development Reinsurance
Chaucer QBE Australia & New Zealand
SYNDICATE ADVISERS
Chris Chan William Ho Chris Kwon
AVP, Treaty Underwriter Head of Reinsurance (Asia) Treaty Underwriter
Asia Pacific Specialty Reinsurance MS Amlin Beazley Group
Sompo International Jurgen Hoffman Gerald MacDonald
Chan Whye Loon Underwriter
Chief Retrocession Officer
Shiva Iyer Renaissance Reinsurance Ltd
Executive Director
Asia Capital Reinsurance Group Pte. Ltd Anthony Rogers
Aon Benfield Asia
Simon Chandler Regional Facultative Manager
Senior Manager
Graham Jones Transatlantic Re
Senior Vice President
Sompo Japan Nipponkoa Insurance Inc Soeren Soltysiak
Guy Carpenter & Company Private Limited
XL Catlin, Reinsurance
Doreen Tan
KEYNOTE SPEAKER
Angela Kelly
Chief Executive Officer
Lloyd’s of London (Asia) Pte Ltd
SPEAKERS
George Attard Tom Graham Soeren Soltysiak
Chief Executive Officer Head of Regional Treaty Development XL Catlin, Reinsurance
Aon Benfield Asia Chaucer William Song
Chan Whye Loon Graham Jones Senior Vice President, ERM
Chief Retrocession Officer Senior Vice President MSIG Holdings (Asia) Pte Ltd
Asia Capital Reinsurance Group Guy Carpenter & Company Private Limited Doreen Tan
Apoorv Dabral Gerald MacDonald
Head of Catastrophe Modelling Underwriter
Derek Wong
Underwriter
JLT Re Renaissance Reinsurance Ltd
Renaissance Reinsurance Ltd
Steven Dewhurst Anthony Rogers
Partner Regional Facultative Manager
DAC Beachcroft LLP Transatlantic Re
ANZIIF/SCI Reinsurance International Study Course (RISC) Singapore 5
COURSE DETAILS
VENUE
The Shangri-La’s Rasa Sentosa Resort & Spa
101 Siloso Road, Sentosa, Singapore 098970
Singapore
ANZIIF/SCI RISC Singapore is a residential course and delegates are
encouraged to stay on-site.
LEVEL
Intermediate - Advanced
CPD HOURS (GIA)
29.5 Hours
The course comprises 11 hours of presentations from senior industry
professionals (including panel discussion sessions) and 18.5 hours of
syndicate group work.
ANZIIF CIP
COURSE FUNDING
Upon completion of ANZIIF/SCI RISC Singapore, delegates will earn 18
Financial Training Scheme (FTS) Funding
Certified Insurance Professional (CIP) points.
The FTS is available to eligible entities, at a 50% funding level of course
fees, subject to all eligibility criteria being met. FTS claims may only be
DRESS CODE made for programmes listed on the FTS Programme Directory. Please
Smart casual refer to
www.ibf.org.sg for more information.
WHAT TO BRING Note: Overseas-based delegates and all their ancillary expenses will not
Please bring along a calculator. qualify for the FTS funding.
REGISTRATION CLOSING DATE
LANGUAGE Friday, 3 August 2018. Places are strictly limited so we recommend that
A good command of the English language is essential. you book early to avoid missing out.
REGISTRATION PROCEDURE
COURSE FEE PER DELEGATE
Registrations received for ANZIIF/SCI RISC Singapore will undergo a
Description Singapore-Based Overseas screening process. The SCI reserves the right to reject any registration that
Delegate Delegate does not meet the course criteria.
(Including GST)
PRE-COURSE PREPARATION
Member Company* S$3,210.00 S$3,000.00
Before arriving at the course, delegates are required to complete Optimum
Without Accommodation
— an online introduction to reinsurance course provided by Aon Benfield.
(Covers course materials and all
This online course gives participants an opportunity to familiarise
meals)
themselves with the basics of reinsurance.
Member Company* S$4,269.30 S$4,059.30
With Accommodation SYNDICATE ADVISERS
(Single Occupancy) Syndicate groups will be guided by senior practitioners from the industry.
(Covers 3-night accommodation,
course materials and all meals) JOHN ALLISON AWARD
Non-Member Company Without S$3,745.00 S$3,500.00 This award is presented at RISC in honour of John Allison’s 52 year
Accommodation contribution to the reinsurance industry, and in particular the Reinsurance
(Covers course materials and all International Study Course. The award will be presented to the top
meals) performer at ANZIIF/SCI RISC Singapore.
Non-Member Company S$4,804.30 S$4,559.30 OVERSUBSCRIPTION
With Accommodation In the event of oversubscription, the Organising Committee reserves the
(Single Occupancy) right to accept applications based on the principle of providing equal
(Covers 3-night accommodation, representation across the industry, wherever possible.
course materials and all meals)
* Member Company rate is applicable to any SCI or ANZIIF Member. ENQUIRIES
Tel: (65) 6221 2336 | Fax: (65) 6220 6684
E-mail: RISC@scidomain.org.sg
Address: 9 Temasek Boulevard, #14-01/02/03 Suntec Tower Two,
Singapore 038989
6 ANZIIF/SCI Reinsurance International Study Course (RISC) Singapore
WHAT PAST PARTICIPANTS SAY
“This 4-day Course has given me a different
perspective and great understanding of
reinsurance practice. The Course comes
with an intensive mix of presentations from “Another aspect of the course was the
leading experts from the insurance and cultural and geographical diversity in the
reinsurance industry, coupled with hands- participants, allowing for a very interesting
“The RISC was a very rigorous course that
on case study to work with the Syndicate international experience. The intensiveness
covered a wide range of topics through the
Advisers. It is simply awesome! of the course allowed for plenty of
speaker sessions, from treaty and facultative
opportunity to learn from each other.”
The course schedule segregated between reinsurance to cat modelling to contract
-Mr Deven Lim, Lockton Companies certainty. .....I was inspired by their passion
the Keynote Session and the Syndicate
(Singapore) Pte Ltd., Assistant Vice for their work and our industry and their
Session works hand in hand very well. After President
each topic being presented by the experts willingness to invest in educating the next
in their fields, the Syndicate Session (in generation of insurance practitioners. It was
“From the syndicate activities and case great that each syndicate was assigned 2
a group participation basis) allows us to
study, we have honed our management advisers who are veterans of the industry.”
deliberate, discuss and seek clarification
skills. In the process with some nudging, we
from the Syndicate Advisers. This session - Ms Yap Nian Fang, Melody, Account
learned to unearth and build on each other’s
has given a good opportunity to each and Director, Ikatan Asia Pacific Reinsurance
strength to contribute our best to the case
every one of us in the group to speak out. It Brokers Pte Ltd
at hand.We built teamwork out of a group of
has also enhanced our soft skills in effective
strangers within a few days!”
communication. Finally, the understanding
of each topic will then be translated into the -Ms Judy Chan, Asia Reinsurance Brokers
case study given to us. Pte Ltd, Reinsurance Division Director
Treaty
The distinguished speakers are truly experts
in their subject matters. We also have the
good opportunity to meet and know them
“face to face”, and tap on “their brains”.
Listening to their talks and sharing their
experiences have been an excellent start
for a person like me in the insurance and
reinsurance industry. The Syndicate Advisers
have been holding our hands to guide us on
the topic, as well as the case study, that we
have to go through. They have guided and
monitored us closely to provide clarity to our
questions, keeping in mind of our different
background, language and culture.
The Syndicate Presentation has been
an achievement of all members of each
syndicate group. It has certainly reflected the
team work, ideas, consensus and respect
for each other’s decision, given a very short
time of acquaintance among the delegates
from various countries and backgrounds. It
has also provided a valuable experience and
boosted our soft skills during the Syndicate
Presentation. It has certainly been a good
ice-breaking session for someone like me
to speak in front of the Board Members and
audience.
Being the first recipient of the “John Allison”
Award for this inaugural Course 2016, I
feel so honoured and blessed that my
preparation, participation and passion have
been recognised. I encourage all delegates
to actively participate during this Course.
Let it be yourself, and the rest will fall in
naturally.”
- Zuraidah Mohd Zain,
Etiqa Insurance Berhad
(Recipient of the John Allison Award in 2016)
ANZIIF/SCI Reinsurance International Study Course (RISC) Singapore 7
WHAT PAST PARTICIPANTS SAY
The ANZIIF / SCI Reinsurance International
Study Course is an intensive 4 day
residential course in the theory and practice
of reinsurance. The course which originated
from Australia has been going on for
about 50 years down under and is so well
“This course is intense but you would learn established that some would see it as a
a lot through the case study, which would rite of passage for insurance / reinsurance
give you a life time benefit for your career in professionals involved in reinsurance. Some
reinsurance field.” of the course alumni with fond memories
of attending the course have since come
-Mr Thitiwat Kaewwattannaborworn,
back to contribute to the course in various
Actuarial Analyst, Guy Carpenter &
capacities.
Company
Having had the fortune of attending this
“It was very much an immersion program “There are a lot of takeaways ... knowledge,
course, I would say it is tiring but immensely
in which we were forced to solve a pretty friendship and a lot of laughs. Big thanks
rewarding. The course blends lectures (i.e.
complex insurance treaty assignment. to the staff from SCI, all speakers, advisors,
Keynote Sessions) and a hands-on case
Things were not clear at first, as most of us delegates and last but not least, my manager
study (i.e. Syndicate Sessions) in a manner
have limited knowledge and experience with (one of the RISC alumni) who recommended
that helps to reinforce the knowledge picked
treaty. But as the in-depth presentations me to participate in this effective course.
up through the keynote sessions. Lectures
were provided during general sessions
RISC Singapore definitely is one of my are delivered by well-qualified speakers with
and hints and clues were introduced by our
important steps to build my career.” years of practical reinsurance experience,
advisers during syndicate sessions, things
who combine knowing the ins and outs of
become clearer and eventually at the end of - Ms Priscilla Tang, Liberty International reinsurance with their infectious passion for
the course we gained a good understanding Underwriters, Senior Underwriter reinsurance.
of the subject. An interesting and thrilling
way of learning!” “The best course I have attended that We tackle the case study together in
combines high impact perspectives by syndicate groups. In each syndicate group,
Mr Akbar Kusumanto, PT Reasuransi experienced practitioners and group case we have a mix of delegates from a range of
MAIPARK Indonesia, Technical Group Head study. A diverse group of delegates mentored background (direct insurers, reinsurance
by knowledgeable advisers in a very brokers, reinsurers, underwriters,
energetic setting delivered on expectations.” reinsurance managers, actuaries and risk
-Mr Mudit Gupta, IAG (Asia) General Pte Ltd, managers amongst others). This mix works
Actuary very well as we get to better understand
viewpoints from different stakeholders in
reinsurance business as well as benefit from
each other’s varying strengths.
Attached to each syndicate group of
delegates are experienced syndicate
advisors that help guide us along the way in
making sense of the case study. They played
a critical role to ensure the optimum level of
guidance along the way, helping to resolve
any misunderstandings and confusions that
we may have about reinsurance. The task
of completing the case study as a group
has been made far easier because of our
capable syndicate advisors. In particular, my
syndicate advisors has left a strong positive
impression on me in working to ensure no
one in the group gets left out or gets left
behind.
I have been fortunate to receive the John
Allison Award for the course in 2017. I
would encourage all delegates to actively
participate throughout the course, including
active wrestling with the case study. What
you get out of this course is a function of
your efforts into it.
- Pua Yeong Heng,
MSIG Holdings (Asia) Pte. Ltd.
(Recipient of the John Allison Award in 2017)
8 ANZIIF/SCI Reinsurance International Study Course (RISC) Singapore
SPONSORS
PROGRAMME PARTNER
84c 0m 100y 9k
100c 90m 40y 52k
black
MEMBER COMPANIES OF RBAS:
13 mm 25 mm 32 mm 50 mm 70 mm
J B BODA & CO (S) PTE LTD
COURSE DINNER SPONSOR BRONZE SPONSOR
ANZIIF/SCI Reinsurance International Study Course (RISC) Singapore 9
CONTACT INFORMATION
Singapore College of Insurance Limited
9 Temasek Boulevard
The Australian and New Zealand Institute The Singapore College of Insurance (SCI) #14-01/02/03 Suntec Tower Two
of Insurance and Finance (ANZIIF) is is a not-for-profit professional training Singapore 038989
the leading membership, education, and education body set up in 1974, as
training and professional development part of Singapore’s efforts to develop as a
organisation for the insurance and finance financial hub. General Enquiry
industry in the Asia-Pacific region. (+65) 6221 2336
For more than 44 years, the SCI has
ANZIIF partners with companies, remained focused in its efforts to upgrade
government and non-profit organisations the technical expertise of insurance E-mail
to provide a range of services that and financial services practitioners, RISC@scidomain.org.sg
support professional excellence to and to provide them with professional
enhance the standards, reputation and advancement opportunities, through its
success of the industry and improve series of practice-oriented programmes Website
community understanding of insurance and internationally-accredited https://www.scicollege.org.sg/RISC
and finance. qualifications. Since the late 1970s, the
SCI has also played the role of an industry
Established in 1884, ANZIIF works with examination body to conduct regulatory CPE Registration No.
members in 50 countries and has offices examinations for those wishing to join 199408491M
in Australia, New Zealand and China. the financial advisory, life and general
insurance industries.
Period of CPE Registration
From 26 September 2015 to
Since 2009, the SCI has also expanded
its role to include talent development 25 September 2019
programmes, such as the Insurance
Executive Scholarship Programme (IESP)
and the Insurance Management Associate
Programme (iMAP) that have succeeded
in attracting and placing numerous fresh
tertiary talent into the varied functions
in the industry. The SCI was voted the
Asia Insurance Industry Educational
Service Provider of the Year in 1997, 2001,
2007 and 2016. It has international links ONLINE
with professional bodies, such as The REGISTRATION
Chartered Insurance Institute (CII), The
Chartered Institute of Loss Adjusters
www.scicollege.or g .s g /r i s c
(CILA), The American College (TAC), The
Life Office Management Association
(LOMA), LIMRA and The Australia and
New Zealand Institute of Insurance and
Finance (ANZIIF) as well as with other
training institutes in the region, through
its involvement in the ASEAN Insurance
Education Committee(AIEC) projects.
Information presented on this marketing material is
The SCI has also actively helped to set
correct at the time of publishing. However, changes to the
up the Asia-Pacific Risk and Insurance
course contents, dates, time, duration, venue and faculty
Association (APRIA) to further insurance members can occur owing to unforeseen circumstances.
education, and to promote links between Every effort will be made to inform all participants of
academia and the industry. such changes on a timely basis.
© 2018 Singapore College of Insurance Limited (SCI).
All Rights Reserved by SCI.
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