NBS FORUM on International Insurance Capital Standards
Dialogue between Insurance Supervisors, Academics and Professionals

March 9, 2016 (Wednesday)
1:30 p.m. – 5:00 p.m.
Royal Plaza on Scotts Singapore Hotel

The Nanyang Business School (NBS)’s Insurance Risk and Finance Research Centre (IRFRC), in collaboration with the Monetary Authority of Singapore (MAS) and the International Association of Insurance Supervisors (IAIS), is pleased to announce a research FORUM on International Insurance Capital Standards.

This FORUM is designed for:

1) The IAIS to outline its key initiative of developing the global Insurance Capital Standard (ICS) for internationally active insurance groups, and key elements of the ICS work that would be of interest to key stakeholders;

2) Academics and Professionals to offer insights and feedback on some key elements for designing global insurance capital standards, and to discuss how to provide ongoing support to the international insurance regulatory communities.

Agenda

1:30 – 1:50 Registration
1:50 – 2:00 Opening Introduction, Shaun Wang, Nanyang Technological University
2:00 – 2:30 Keynote speech:  John Maroney, Head of Capital & Solvency, IAIS
2:30 – 2:50 Regional Perspectives: Gilbert Chin, Monetary Authority of Singapore
2:50 – 3:00    Coffee break
3:00 – 5:00  Targeted Discussions by Academics & Professionals

1) Calibration "hot-spots" (such as differences in valuations, discount rates and aggregation)
2) Implementation requirements
3) Comparability of regulatory regimes and model validation
4) Ongoing research support for regulators

5:00 - 5:10  Closing Remarks, Lee Wai Yi, Director, Insurance Department, MAS
5:10 - 6:00  Cocktails and Networking

Invited Discussants include:
Dr. Mangal Goswami, Deputy Director, IMF - Singapore Regional Training Institute
Professor Duan Jin-Chuan, National University of Singapore
Professor Mike Sherris, University of New South Wales, Australia
Professor W. Jean Kwon, St John's University, USA
Professor Zhigang Xie, Shanghai University of Finance and Economics, China

Participation of this workshop is invitation only. In addition to experienced insurance supervisors and academics, senior delegates of (re)insurance companies, actuarial and insurance associations, consulting firms and rating agencies are invited to participate in the Workshop.

Inquiries of this event can be addressed to Ms. Valerie De Souza Tel: (65) 6790-5675 

Email: vdesouza@ntu.edu.sg.

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Confirmed Participants for the March 9th Forum

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