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8 April 2016
 
Dear Member

Welcome to your South-East Asia newsletter

With the IFoA’s 2016 Council Election opening soon, I would encourage you to take the opportunity to nominate and vote for members from South-East Asia.  Your input is important to form a Council that truly represents our global membership.


This quarter’s newsletter also covers updates on the upcoming IFoA visits, activities and volunteering prospects in the region.  For those up for a challenge in data analytics, here is the chance to showcase your skills.


On behalf of the IFoA, I would like to wish our student members all the best in the April exams.  To members in Cambodia and Thailand, Happy Khmer New Year and Happy Songkran Festival!


Caryn Chua
Actuary Representative of South-East Asia

 

Photo below shows our Career Ambassador volunteers at a recent student fair in Singapore.



 
NEWS  
Council Elections 2016
  • Are you a Fellow or Associate?
  • Have you considered standing for IFoA Council in the 2016 Election?
  • Would you like to nominate or support someone?

 

If the answer is yes, nominations and voting for our Council Election will be opening soon.  We currently do not have any South-East Asia representatives on Council, and so if you are keen, this is the chance to get our voices heard!


Look out for updates on our website, or email Caryn Chua for more information.

 
The IFoA Asia Conference

It's a wrap for the IFoA Asia Conference 2016 in Kuala Lumpur! The event which saw over 370 professionals from across 20 countries, and 100 students from local universities in Malaysia, in attendance was a huge success.  This is now our third largest IFoA conference after Life and GIRO.


Planning is already underway for the Asia Conference 2017 and Hong Kong will be our next destination. Dates will be confirmed soon, so keep your eyes peeled! 

 

Should you be interested in volunteering as committee members, please contact Debbie Atkins to register your interest.  Debbie will notify you when the details are on our volunteer vacancies webpage.

 
Professor Shaun Wang announced as new Associate Director of ARC

We are delighted to announce the appointment of Professor Shaun Wang as Associate Director of the IFoA’s Actuarial Research Centre (ARC).


Shaun Wang is Professor of Actuarial Science and Director of the Insurance Risk and Finance Research Centre (IRFRC) at the Nanyang Business School, Nanyang Technological University in Singapore.  An internationally renowned expert on quantitative risk modelling and enterprise risk management Professor Wang is the inventor of the "Wang Transform", a widely-cited actuarial formula for pricing risks.


With a focus on the Asia Pacific, Professor Wang will support the quality of the research delivered through the ARC and provide academic oversight. Part of his role also involves acting as an ambassador for the ARC and we were delighted to hear from Professor Wang at a recent workshop for academics in Kuala Lumpur.

 
Read more about ARC >
 
Upcoming IFoA Executive visit

Ben Kemp, General Counsel, will be visiting Kuala Lumpur and Singapore from 13 to 17 June 2016.  Ben’s directorate oversees regulation and professionalism of IFoA members, and is keen to receive feedback and exchange thoughts with members in the region.


Should you (or your employer) be interested in meeting with Ben, please contact Caryn Chua.

 
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NEWS  
Professional Skills Training

During his visit, Ben will also be running Professional Skills Training for members in:


• Kuala Lumpur on 14 June; and
• Singapore on 15 June.


Both sessions run from 17.00 to 20.30 and they qualify for up to two hours of Professional Skills (Stage 3) CPD.  A light buffet dinner is included and these events are free for IFoA members.


For further details and to register your interest, kindly e-mail Caryn Chua with your ARN and preferred location.


For those who couldn’t attend the above face-to-face events but would still like to obtain additional Professional Skills CPD, we are hosting two webinars (of the same content) on 8 June at:


• 08.30 to 09.30 (BST); and
• 16.30 to 17.30 (BST)


Further information will be available on our website soon.

 
 
General Insurance International Working Party in Asia

Our General Insurance Board are launching a regional Working Party in Asia to better support members who are based in the region.

 

If you are interested in joining the working party or would like to suggest topics that the Working Party in Asia could cover, please view the details on our volunteer vacancies webpage or contact Debbie Atkins.

 
Volunteering for the IFoA

We are very grateful to members of the IFoA who volunteer to support the profession.  Please consider volunteering for one of the following roles:

 

• Risk Management Board – International Member based in Asia
• GI International Working Party – seeking Chair and Members
• Join the 400 Club reserve list
• Join the International Feedback Group.

 

For details of these and all other current opportunities, please visit the volunteer vacancies webpage or contact Debbie Atkins, Head of Volunteer Engagement.

 
Visit the webpage >
 
Spotlight on student volunteer: Ooi Choong Hern

"I started my journey as a volunteer with the IFoA in 2015 when I was recruited to be the representative of South-East Asia in the inaugural International Student Consultative Forum (ISCF).  The ISCF was set up to discuss opportunities and challenges faced by students outside the UK.


My role in the ISCF has also given me the opportunity to engage with many actuarial students in my region.  By sharing their experience, thoughts and concerns with the IFoA Education team, I hope I can somewhat contribute in shaping the future of aspiring actuaries.


To all students, we can be reached at asia.iscf@actuaries.org.uk.  We welcome your queries, suggestions and comments, and look forward to hearing from you."

 
Read the full profile >
 
Release of pass marks

Our qualifications are highly regarded by our members globally. There are currently over 14,000 individuals studying for these qualifications. One of the regular requests received from those sitting exams is greater clarity on what they need to achieve to pass.


As part of the ongoing efforts to support those studying, we are pleased to announce that for any exam sat after 1 March 2016, for the CAA, Associate or Fellowship qualification, candidates will receive their percentage exam mark. Exam pass marks will also be published on the pass list and in the examiners’ report for each exam.


Further details, including what results documentation a candidate will receive, will be added to our webpages over the months leading up to June when the first results under the new system will be released.

Events near you

Singapore Actuarial Society (SAS) General Insurance Conference

26-27 May, Singapore

 

Insurance Risk Research Conference 2016

16-17 June, Singapore
IFoA's ARC Directors, Professor Andrew Cairns and Professor Shaun Wang, have been invited as plenary speakers at the Nanyang Technological University’s Insurance Risk Research Conference. 

 

All IFoA members have been offered a discounted price of SGD100 (full price SGD200).  Kindly include your ARN when registering. Read more>>

 

Society of Actuaries of Thailand (SOAT)’s Non-Life Insurance Forum

24 June, Bangkok

 

Data Analytics Competition

Closing date: 30 September

The Singapore Actuarial Society (SAS) would like to invite IFoA members to participate in their Asia Actuarial Analytics Challenge.  Use your skills in data analysis and predictive modeling to predict re-admission to hospital for diabetes patients. Read more>>

 

Kindly contact the respective bodies for further information.

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