Driving operational resilience and agility for insurers

Driving operational resilience and agility for insurers to embrace change

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Virtual roundtable: Driving operational resilience and agility for insurers to embrace change

November 26, 2020 14:00 HK/SG

The low interest rate environment and Covid-19 bring both balance sheet and operational challenges to the insurance industry. The adverse situation also presents opportunities for the industry to rethink about accelerating innovation and the adoption of new practices to control risks and optimize performance for the overall organization.

At this virtual roundtable, hosted by Risk.net and SAS, we will examine the future steps for insurance companies in Asia to take to combat impaired growth and mitigate emerging risks in a highly uncertain environment going into 2021 and beyond.

We will uncover:

  • Are we seeing a convergence of financial and non-financial risk? What are the implications for future business models?
  • Shift to riskier investments due to low interest rate and Covid-19 – key considerations
  • Implications on actuarial pricing – new trends and best practices
  • Overcoming new challenges in ALM
  • The role of insurance data management and effective analytics in enhancing operational resilience 

Speakers

Vasudevan Chandrashekran

Principal Advisor for ASEAN Insurance Business

SAS

Vasudevan Chandrashekran – Principal Advisor for ASEAN Insurance Business @ SAS has worked for 18 Years in Financial Services & Insurance with passion for Risk Management to solve constant & complex board room challenges related to ever changing Risk management & Compliance guidelines. He currently focusses on Insurance business transformation journey that includes IFRS17, Actuarial Transformation, Insurance Analytics, Balance Sheet Management & Stress Testing. Prior to SAS, he has worked on Regional transformation programmes for his customers @ CIMB, Maybank & Reuters.

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Duong Minh Ngoc

Chief Risk Officer

ERGO INSURANCE

Duong Minh Ngoc is Chief Risk Officer of ERGO Insurance in Singapore, a subsidiary of ERGO Group, which is the primary insurance arm of Munich Re Group. With over 15 years in the insurance industry, Ngoc’s expertise is in investment management, asset-liability management and risk management. She previously worked for Allianz in its regional office in Singapore from 2001 to 2017. She was part of the team which set up Allianz Investment Management in Singapore in 2017 and managed Allianz’s insurance assets in Asia, steering Allianz’s investment portfolio in Asia safely through the financial crisis and improving its asset-liability management in an environment of low interest rates. Ngoc is Vietnamese, has a degree in Economics & Management from Oxford University and is a CFA charterholder.

Jateen Vaghela

Head of Asset-Liability Management, Asia

Sun Life

Our risk model experts will present use cases to uncover:

  • How market disruptions driven by Covid-19 has impacted risk model execution
  • How to establish a centralized model inventory to track models for the current validation status
  • Tactics to enhance accessibility and visibility into risk data and model calculations across functions and silos
  • The use of technology to manage risk and data models across complex regulatory landscape
  • Whether the Models be built in open source or proprietary, how our framework can present them in one framework
  • How we can help with the challenges posed by the new FRTB rules
Register
Agenda

Register for the briefing here

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Company profile

As a leader in analytics, SAS has more than 40 years of experience helping organisations solve their toughest problems. SAS' unrelenting commitment to innovation enables the financial services to modernise and sustain a competitive edge. SAS provides an integrated, enterprise-wide risk management platform for managing risk in an organisation, from strategic to reputational, operational, financial or compliance-related risk management. Learn more about how SAS is driving innovation and business value for risk and finance professionals at www.sas.com/risk.