16th Global Conference of Actuaries

16th Global Conference of Actuaries

Event Start Date Event End Date Venue
Renaissance Mumbai Convention Centre Hotel
Event Details and Resources

16th GCA Programme Schedule

16th GCA Photos
Plenary Sessions 1, Day 1 - 17th Feb 2014

Inaugural Session  --   Click here for Presentation

ChairpersonDilip Chakraborty - 16th GCA Organizing Group

  • Speakers:
  1. Vivek Kuruvila, Head of Life and Health Client Markets, India,  Swiss Re
    Topic: Setting the scenario
  2. M. Karunanidhi,   President – IAI
  3. Robert Burr, Head of Life and Health, Asia, Swiss Re
    Topic: Significant development in International and Indian Insurance and Reinsurance market in 2013
  4. T S Vijayan, Chairman – IRDA
  5. Vote of thanks -  K Subrahmanyam, Chair- IAI Advisory Group on Peer, Stakeholder and International Relations
Plenary Sessions 2, Day 1 - 17th Feb 2014

Session A: From IFoA  --    Click here for Presentation

Chairperson: K S Gopalakrishnan- MD & CEO of AEGON Religare Life Insurance Company and Vice-President, IAI

  • Speakers:
  1. David Hare - President, Institute & Faculty of Actuaries
    Topic : The Changing Role of the Actuary - Ramping up our Relevance

Session B : Panel Discussion on Insurance & Pension Industry: Hot Topics and Current Problems

  1. , CEO, Canara HSBC Oriental Bank of Commerce Life Insurance Company India
    Topic: Greed, Fear, Complacency, Confusion, Remorse and Pride (Ready for a new distribution paradigm)
  2. , Partner, M/s K A Pandit
    Topic: Retirement Benefits
  3. , Director & General Manager, United India Insurance Co. Ltd.
    Topic: Problems in the General Insurance Industry in the current situation
  4.  - Chief Pricing Officer, Life and Health, Swiss Re
Plenary Session P3, Day 2 - 18th Feb 2014
Global and India Development  --    Click here for Presentation

ChairpersonDilip Chakraborty - 16th GCA Organizing Group

  • Speakers:
  1. Vivek Jalan - Director, Risk Consulting, Towers Watson, (India)
    Topic : The Changing Role of the Actuary - Ramping up our Relevance
  2. Dr. Achintan Bhattacharya - Director NIBM and Retired Joint Secretary, DFS, Ministry of Finance, Government of India, (India)
    Topic : Prospects of Indian Economy & Financial Services Industry -Investment & Banking
Plenary Session P4, Day 2 - 18th Feb 2014
Actuaries & Accountant, and Business Strategy  --    Click here for Presentation

Chairperson: Richard Holloway - Managing Director – South East Asia and India, Life, Milliman India Private Limited (Singapore)

  • Speakers:
  1. M M Chitale - Chairperson, NACAS & Ex President, ICAI, (India)
    Topic : Need for co-ordination between Actuaries and Chartered Accountants
  2. Gary Comerford - Chief Marketing Officer, RGA Services India Pvt. Ltd., (Canada)
    Topic : Five game changes for Life Insurance Industry
IAI Student Forum, Day 1 - 17th Feb 2014
IAI Student Forum  --    Click here for Presentation

Chairperson: G L N Sarma -  Managing Director, Hannover Re Consulting Services India, (India)

  • Speakers:
  1. Derek Cribb - CEO, IFoA; (UK)
    Topic : Certified Actuarial Analyst: A new credential for a changing market
  2. Frank McInerney - General Manager, Life/Health, Gen Re, (Singapore)
    Topic : Communication - Why & How? & Advantages of Communication
  3. Sumit Seth - Managing Director, Forum India; (India)
    Topic : Effective Communication

Concurrent Session

C1: Concurrent Sessions on Health Care Insurance, Day 1 - 17th Feb 2014

C1.1: Current Issue Session  No Presentations

Chairperson: Biresh Giri, Appointed Actuary, Max Bupa Health Insurance Co Ltd, (India)

  • Speakers:

1.Herbert Meister, Chief Actuary, Asia Pacific, Munich Health (Singapore)
2.Alam Singh, Independent Consultant, (India)
3.Shreeraj Deshpande, Head – Health Insurance Future Generali India Insurance Company Ltd. (India)

C1.2:  Click here for Presentation

Chairperson: Akshay Pandit - Partner, M/S K A Pandit (India)

  • Speakers:

1.Marianne Gilchrist, Head of Health Solutions, Reinsurance Client Markets, Swiss Re, (South Korea)
Topic : Health Products and Solutions in Asia
2.Winnie Ching, Senior Client Manager, Health Solutions, Asia, Swiss Re, (Singapore)
Topic : Risk Management in a guaranteed issue world

C2: Concurrent Sessions on Pension, Employee Benefits & Social Security, Day 1 - 17th Feb 2014

C2.1:Panel Discussion Click here for Presentation

Topic: Current Issues on Pension

ChairpersonA D Gupta, Consulting Actuary, Charan Gupta Consultants Pvt. Ltd., (India)

  • Speakers:

1.Anuradha Sriram, Head - Employee Benefit Consulting, Towers Watson (India)
2.Saket Singhal, Consulting Appointed Actuary at Tata AIG General, (India)
3.K Subrahmanyam, Consultant Actuary, KN Actuaries & Consultants, (India)

C2.2: Click here for Presentation

ChairpersonD K Pandit -Partner, M/s K A Pandit, (India)

  • Speakers:

1.Dr. K Sriram, Consulting Actuary, K Sriram Actuary, (India)
Topic - Developing Investment Strategies For Funded Employee Benefit Plans- Role Of Actuaries

C2.3: Scope of Pension Fund Valuation of Long Term – India and Beyond Click here for Presentation

ChairpersonN M Govardhan - Actuary and Former Chairman of LIC of India, (India)

  • Speakers:

1.Anshul Srivastava - Co- Founder, Organisation – Finance Wizards, (India)
Topic : Pension Fund Industry In India- Scope for the future
2.A P Peethambaran- Consulting Actuary in Retirement Benefits, (India)
Topic : A Model (Deterministic) for actuarial valuation of Long-term Compensatory Absences

C3: Concurrent Sessions on Life Insurance, Day 1 - 17th Feb 2014

C3.1: Panel Discussion on Product and Regulation   --    Click here for Presentation

Chairperson: G N Agarwal - Director, Future Generali India Life Insurance Company, (India)

1.Dinesh Pant - Secretary Product Development Actuarial Core Group/ Product Actuary, LIC of India; (India)
2.S Madhusudhanan - Actuary, Munich Re, (Singapore)

C3.2:  --    Click here for Presentation

Chairperson: Heerak Basu- Senior Vice President & Appointed Actuary at TATA AIA Life, (India)

  • Topic: The Value in "Value for Money" - a Practitioners view

1.Chirag Rathod- Appointed Actuary and Director - Products & Strategy Canara HSBC Oriental Bank of Commerce Life Insurance Company; (India)

C3.3: Life with Disability   --    Click here for Presentation

Chairperson: Jyoti Majumdar - Head of Client Markets, Property and Casualty, India, Swiss Re ,(India)

  • Topic: Critical Illness in Asia – a success story
  1. Karsten De Braaf - Head of Product Development , SCOR Global Life, (Singapore)
  2. Kattumuri Raghavrao - Manager Product Development & Pricing, SCOR Global Life, (Singapore)


C3: Concurrent Sessions on Life Insurance, Day 2 - 18th Feb 2014


C3.4:   --   No Presentations

ChairpersonChandan Khasnobis - Director and Appointed Actuary, IndiaFirst Life Insurance Company Ltd, (India)

  • Speakers:

  1. Rajesh Dalmia - Appointed Actuary, Reliance Life Insurance Company Ltd; (India)
  2. Anil Kumar Singh - Appointed Actuary, Birla Sunlife Insurance; (India)
  3. P K Arora - Appointed Actuary, Actuarial Dept. Co., LIC; (India)

C3.5:   --   Click here for Presentation

ChairpersonAvijit Chatterjee - Chief Actuary, ICICI Prudential, (India)

  • Speakers:

1.Sanket Kawatkar - Head, Life Insurance Consulting, Milliman, (India)
Topic : Revival of Indian life insurance sector - how and when?
2.Aravind Venugopalan - Senior Consultant Genpact, (India)
Topic : Summary, Interpretation and Issues for Principles based reserving of Life Insurance in the US
3.Sanchit Maini - Appointed Actuary, Max Life Insurance & Varun Gupta, Corporate Vice President, Max Life Insurance ,(India)
Topic : Strategic Dilemmas and Opportunities for life Insurers

C4: Concurrent Session on General Insurance, Day 1 - 17th Feb 2014

C4.1: Panel discussion on Current Issues in General Insurance   --    No Presentations

Chairperson: M Karunanidhi - President, IAI, (India)

  • Topic: Current Actuarial Challenges in General Insurance
  • Speakers:
  1. Mehul Shah -Appointed Actuary, L & T General Insurance, (India)
  2. Tania Chakrabarti - Head - Actuarial Services & Appointed Actuary at Royal Sundaram Alliance Insurance Company Limited, (India)
  3. Gayle Adams - Appointed Actuary, Raheja QBE, (India)
  4. Anurag Rastogi - Vice President & Head (Actuarial), Bajaj Allianz General Insurance Company Limited, (India)


C4.2:  --    Click here for Presentation

Chairperson: Frank Ashe - Associate Professor, Macquarie University (Australia)

  • Topic: Loss Reserving using Bayesian Hierarchical Models
  1. James Guszcza - National Predictive Analytics Lead, Deloitte Consulting, (US)


C4.3: Combined Health and GI Session   --    No Presentations

Chairperson: Dr. Suhas Shah - Chief Medical Officer, Kotak Life Insurance Co.(India)

  • Topic: Heart Disease: A Growing Epidemic
  1. Dr. S Prasad - Consultant Cardiologist Royal Brompton Hospital, London, (UK)


C4: Concurrent Session on General Insurance, Day 2 - 18th Feb 2014


C4.4: CEO Session  --    Click here for Presentation

Chairperson: N M Govardhan - Actuary and Former Chairman of LIC of India, (India)

  • Speakers:

  1. Praveen Gupta - MD & CEO, Raheja QBE General Insurance Co. Ltd.
    Topic : Pricing Issues in GI

  2. K G Krishnamoorthy - CEO, Future Generali India Life Insurance Company, (India)


C4.5:   --    Click here for Presentation

Chairperson: Sharad Shrivastva – Secretary General, Insurance Institute of India, (India)

  • Topic: Catastrophe Bonds
  • Speakers:

1.Ankit Goyal - Senior Actuarial Analyst, Towers Watson India Pvt. Ltd.
2.Saanya Jain - Actuarial Analyst, Towers Watson India Pvt. Ltd., (India)

  • Topic : Catastrophe Risk: Modelling & Opportunity
  • Speakers:

1.Aditya Vardhan Tibrewala - Director RSA Actuarial Services (India) Pvt. Ltd.
2.Tanu Shree - Actuarial Advisor RSA Actuarial Services (India) Pvt. Ltd, (India)


C4.6: Combined Health and GI Session   --    Click here for Presentation

Chairperson: Omer Morshed - Chief Executive, Sidat Hyder Morshed Associates (Pvt.) Ltd. (Pakistan)

  • Topic: Index Insurance For Risk Management In Agriculture Sector

1.Akshay Pandit - Partner, M/S K. A. PANDIT (India)
2.Manish Kumar, Actuarial Analyst at KAP Consultants and Actuaries, India

C5: Bancassurance/Pension/Other, Day 2 - 18th Feb 2014

C5.1: Panel Discussion on Bancassurance Click here for Presentation

Chairperson: Kamalji Sahay - Ex-CEO, SUD Life & Advisor, GIC Re, (India)

  • Speakers:
R. Krishnamurthy - Senior Advisor, Towers Watson, (India)
Girish Kulkarni - CEO, SUD Life; (India)
Deepak Sood - CEO, Avanta ERGO, (India)
Mohan V Tanksale - Chief Executive, IBA, (India)


C5.2 --    Click here for Presentation

Chairperson: K Subrahmanyam -Consultant Actuary, KN Actuaries & Consultants, (India)

  • Topic: Global Pension Reform- Need and Approach for Inclusion

  • Speakers:
  1. Kavim V. Bhatnagar - Pension Specialist (International), World Bank SPEMP, (Bangladesh)


C5.3: Report from Global Actuarial Services & Off Shore Advisory Group of IAI Click here for Presentation

Chairperson: K Subrahmanyam - Consultant Actuary, KN Actuaries & Consultants, (India)

  • Topic: Evolution of Global Actuarial functions

  • Speakers:
  1. Srinivas Sriperumbuduri - India Retd. Service Center Leader, Mercer (India)
  2. Ankur Agrawal - Head of Actuarial function, AXA Business Services,(India)
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