PRECISION IN PRACTICE: UNLOCKING 'RISK-BASED CAPITAL' PROFICIENCY- WEBINAR SERIES 2024

About the program

Risk Management is one of the major role actuaries play in the financial sector, synonymous with the word Risk Based Capital (RBC). Understanding RBC and its core principles enable an actuarial professional to effectively deal with Regulatory Compliance, Risk Assessment, Optimal Capital Allocation, Strategic Decision Making, Risk Mitigation Strategies, Adaption to Industry changes and Effective communication. Overall professional development is an added key takeaway.

With an intrinsic interest in capacity building in key areas of actuarial work, IAI is rolling out a comprehensive program of total duration of 32 hours to be covered over 16 sessions. This provides a unique opportunity for the actuarial professionals to exponentially grow in their role.

Who Should Attend?

This training program is specially crafted for actuarial professionals looking to sharpen their skills and expertise in risk-based capital with tools needed to thrive in a fast paced financial landscape.

Program schedule & Duration:

The training program of 120 minutes each, spread over 16 sessions, commences 26 December 2023. Participants are expected to attend all live sessions and carry out regular assignments in order to accrue the best benefit from the training. In order to facilitate offline learning, the sessions will also be recorded and posted on the login page.

Details of the program including topics are available at ANNEXURE-I

All recorded videos will be available in the member’s login page until 29th February 2024

Registration:

Student & Associates Rupees Four thousand (₹4,000.00) only (18% GST extra)
Fellow Members Rupees Six thousand (₹6,000.00) only (18% GST extra)
For Non-members Rupees Ten thousand (₹10,000.00) only (18% GST extra)
Registration menu Login to IAI>>Training Program>>RBC
Registration opens on On 05th December 2023; 6.00PM.
Registration closes on On 25th December 2023; 6.00PM.
Member Registration
Non Member Registration

Faculty

Dr. K. Sriram, FIAI, FIA, PGDM (IIMB), PhD, ACMAis a Consulting Actuary in Employee Benefits with more than 30 years of experience.

Mr. B.N. Rangarajan, FIAI, FIAis the Chief Risk Officer of HDFC Life. He worked as the Appointed Actuary of the erstwhile Exide Life Insurance company.

Mr. Kailash Mittal, FIAI, FIA, is a Partner Financial Risk Management with KPMG in India whoco-Heads Insurance & leads the Actuarial practice. He has around20 years of experience, with extensive exposure to areas of risk management, shareholder reporting, statutory compliance and audits, products and pricing. He also chairs the Advisory Group of Risk Management of IAI and holds a B.Tech. from IIT Kanpur and MBA-Finance from IIM, Lucknow.

Mr. Sharad Ramnarayanan, FIAI is a qualified general insurance actuary currently working as the Appointed Actuary of The New India Assurance Company Limited in, Mumbai. He is a Chemical Engineer from ICT, Mumbai and completed PGDM from MDI, Gurgaon. He is also a certified Financial Risk Manager (FRM) from GARP (London).

Ms. Anuradha Sriram, FIAI is the Chief Actuarial Officer of Aditya Birla Health Insurance Co. Limited (ABHICL) a joint venture between the Aditya Birla Capital and MMI Holdings of South Africa.

Mr. Vamsidhar Ambatipudi, SPGDM (IIMI), FIAI, CERA, FRM, PRM, Associate Professor, BITS Pilani

Mr. Anubhav Chattoraj, FIAI. is a qualified general insurance actuary. He has worked in IRDAI’s actuarial department for over six years across various projects including RBC implementation, and now supports the capital management function of a major global insurance group at Xceedance.

Contact:

Point of contact for all related queries: Mr. Ravindra Mastekar at: 022 62433348 or ravindra@actuariesindia.org

Program Schedule

Timing: 7.00 pm-9.00 pm

Sr. No

Date

Day

Topics

Faculty Name

1

26-12-2023

Tuesday

Basics of Risk-Based Capital (RBC)

Dr. K. Sriram

2

28-12-2023

Thursday

Statistical Underpinnings of RBC

Mr. Vamsidhar Ambatipudi

3

30-12-2023

Saturday

Risk Measures

Mr. Vamsidhar Ambatipudi

4

02-01-2024

Tuesday

RBC for Insurance Risks- Life insurance

Mr. B.N. Rangarajan

5

04-01-2024

Thursday

RBC for Insurance Risks-General Insurance

Mr. Sharad Ramnarayanan

6

06-01-2024

Saturday

RBC for Insurance Risks-Health Insurance

Ms. Anuradha Sriram

7

10-01-2024

Wednesday

RBC for Market Risks – I

Dr. K. Sriram

8

11-01-2024

Thursday

RBC for Market Risks – II

Dr. K. Sriram

9

15-01-2024

Monday

RBC for Credit Risk

Mr. Kailash Mittal

10

17-01-2024

Wednesday

RBC for Operational Risks

Mr. Kailash Mittal

11

18-01-2024

Thursday

RBC for Other Risks

Mr. B.N. Rangarajan

12

20-01-2024

Saturday

Methodologies for Aggregating Capital Requirements -Theory and Practice

Mr. Vamsidhar Ambatipudi

13

23-01-2024

Tuesday

Risk Based Capital Modelling for Life Insurance Companies- Current and Best Practices

Mr. B.N. Rangarajan

14

25-01-2024

Thursday

Risk Based Capital Modelling for General Insurance Companies- Current and Best Practices

Mr. Sharad Ramnarayanan

15

27-01-2024

Saturday

Risk Based Capital Modelling for Health Insurance Companies- Current and Best Practices

Ms. Anuradha Sriram

16

30-01-2024

Tuesday

Q&A and Panel Discussion

Dr. K. Sriram (Moderator) -Panellists:
Mr. Anubhav Chattoraj,
Mr. B.N. Rangarajan,
Ms. Anuradha Sriram,

Mr. Kailash Mittal and
Mr. Sharad Ramnarayanan

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