THE ASIAN CAPTIVE CONFERENCE 2018
Challenges OF Self-Insurance: Transparency and Digital Disruption
1 - 2 AUGUST 2018
The Conference was attended by more than 300 local and international delegates, who listened as well as participated in the presentations and panel discussions. The discussion surrounding the conference centered on risk management issues, the importance of self-insurance for the region, the tax issues surrounding captive insurance as well as a special presentation on Protected Cell Companies.
Highlights of ACC 2017
AGENDA
-
8:00 AMRegistration and Morning Coffee9:00 AMWelcome RemarksY Bhg Dato' Mohammed Azlan Hashim, Chairman, Labuan IBFC Inc.9:10 AMPresentationA Self-Insurance Road Map:
Facilitating the Growth of Asian BusinessesBy Oliver Schofield, Head of Captive & ART Consulting, Principal Re Limited9:40 AMPanel DiscussionThe Growth of Self-Insurance in Asia:
An Intersection of Industry and Regulatory DemandsLed by Malcolm Cutts-Watson, Managing Director, Cutts-Watson Consulting Limited
Panelists:- George McGhie, Managing Director - Captive Practice, Willis Towers Watson
- Richard Cutcher, Editor, Captive Review
- Syahrul Imran Mahadzir, Director, Market Development, Labuan Financial Services Authority
10:40 AMNetworking Break11:10 AMPanel DiscussionChallenges of Self-Insurance: Digital Disruption and TransparencyLed by Richard Cutcher, Editor, Captive Review
Panelists:- Benjamin Tausig, Tax Partner, Deloitte Southeast Asia
- George Kesselman, Co-Founder & CEO, Anapi & InsurTech Asia Association
- Shiwei Jin, Global Program and Captive Regional Director, Asia, XL Catlin
- Jose Ribeiro, Managing Director, Asia Pacific, A.M. Best Asia Pacific Limited
12:10 PMNetworking Lunch
1:30 PMPanel DiscussionChina's Belt and Road Initiative:Implications on the Self Insurance Industry in AsiaLed by Kelvin Wu, Group Assistant General Manager -Risk Management & Insurance, International SOSPanelists:- Raymond Cheung, General Manager, International Department, Jiang Tai Insurance Brokers, China
1.30 PM
(Cont') Panelists:- Shiwei Jin, Global Program & Captive Regional Director, Asia, XL Catlin
- Edward Wu, Managing Director, Captive and Mutual Practice, Willis Towers Watson, China
- Dr Yiming Shen, Senior Vice President - China Client Services, Marsh Singapore
2.30 PM
One-on-One InterviewAsia's "Captivating" Women:The Risk of Taking Risk into Your Own HandsRisk Management PersonalityRaziyah Yahya, Board Member, AIG MalaysiaInterviewerSuchitra Narayanan, Board Member, PARIMA Malaysia3.15 PM
Networking Break
3:45 PMPanel DiscussionTax Transparency and Self-Insurance:The Only Constant is ChangeLed by Benjamin Tausig, Tax Partner, Deloitte Southeast Asia
Panelists:- Sean Welsch, Head of Captive Management & Business Development APAC, Zurich Insurance
- Annie Undikai, Managing Director, Brighton Management Limited
4:45 PMPanel DiscussionSelf-Insurance and Risk Retention:Why, How and When?Led by Dato' Majid bin Mohamad, Chairman, Etiqa Family Takaful and Etiqa General Takaful
Panelists:- Abdul Halim Jantan, Director and Chief Executive Officer, Sterling Insurance Brokers
- Azmi Abdullah, Group Treasurer, Genting Berhad & Principal Officer, GHR Risk Management (Labuan) Limited
- Anthony Egerton, Principal Officer, Huntington Underwriting Limited
5:45 PMClosing RemarksRaymond Wong, Chairman, Labuan International Insurance Association (LIIA)5:50 PMEnds with Networking6:30 PMAsia Captive Review Awards 2018 (Invited guests only) -
8:15 AMMorning Coffee9:00 AMWelcome RemarksDanial Mah Abdullah, Director-General, Labuan Financial Services Authority9:10 AMPanel DiscussionChoosing a Domicile:Key Considerations
Led by George McGhie, Managing Director - Captive Practice, Willis Towers Watson
Panelists:- Malcolm Cutts-Watson, Managing Director, Cutts-Watson Consulting
- Naoyoshi Araki, Representative Director, Japan Risk Specialist Limited
- Benjamin Tausig, Tax Partner, Deloitte Southeast Asia
- Muhammad Balyan Suleiman, Head of Insurance (Custodian), Group Risk Management, PETRONAS & Chief Executive Office, Energas Insurance (L) Limited
10:10 AMNetworking Break10:40 AMPresentationFulfilling the Potential of Protected Cell Companies in Asia- Alastair Nicoll, Regional Director, Aon Insurance Managers APAC
- George Ong, General Manager, Aon Insurance Managers (Singapore) Pte Ltd
11:20 AMPanel DiscussionThe PARIMA Panel: Are Risk Managers Prepared for the Future of Digital Disruption?Led by Stacey Huang, Executive Director, PARIMA
Panelists:- Suchitra Narayanan, Board Member, PARIMA Malaysia
- Kelvin Wu, Group Assistant General Manager - Risk Management and Insurance, International SOS
- Farah Jaafar-Crossby, CEO, Labuan IBFC Inc.
12:20 PMClosing RemarksSecretariat Asian Captive Conference 201812:30 PMEnds with Networking - Malcolm Cutts-Watson, Managing Director, Cutts-Watson Consulting
MEET OUR SPEAKERS
Abdul Halim Jantan
Sterling Insurance Brokers
Annie Undikai
Brighton Management Limited
Azmi Abdullah
Genting Berhad & GHR Risk Management (Labuan) Limited
Raymond Cheung
Jiang Tai Insurance Brokers
Richard Cutcher
Captive Review
Malcolm Cutts-Watson
Cutts-Watson Consulting Limited
Danial Mah Abdullah
Labuan Financial Services Authority
Anthony Egerton
Huntington Underwriting Limited
Shiwei Jin
XL Catlin
Stacey Huang
PARIMA
george kesselman
Anapi and InsurTech Asia Association
Dato' Majid bin Mohamad
Etiqa Family Takaful and Etiqa General Takaful
George McGhie
Willis Towers Watson
Dato' Mohammed Azlan Hashim
Labuan IBFC Inc
Muhammad Balyan Suleiman
PETRONAS & Energas Insurance (L) Limited
Naoyoshi Araki
Japan Risk Specialist Limited
Alastair Nicoll
Aon Insurance Managers APAC
George Ong
Aon Insurance Managers (Singapore) Pte Ltd
Raziyah Yahya
AIG Malaysia
Jose Ribeiro
A.M. Best Asia-Pacific Ltd
Oliver Schofield
Principal Re Limited
Dr. Yiming Shen
Marsh Singapore
Suchitra Narayanan
PARIMA Malaysia
Syahrul Imran Mahadzir
Labuan Financial Services Authority
Benjamin Tausig
Deloitte Southeast Asia
Sean Welsch
Zurich Insurance Company Ltd
Raymond Wong
Labuan International Insurance Association
Edward Wu
Willis Towers Watson, China
Kelvin Wu
International SOS
Azmi Abdullah
Group Treasurer, Genting Berhad & Principal Officer, GHR Risk Management (Labuan) Limited
Azmi Abdullah is currently the Group Treasurer of Genting Berhad. He manages the Treasury of Genting Berhad and has been managing the Group's insurances for more than 25 years. He was involved in the setting up of one of the very first Captive Insurance Company in Labuan in 1999 and is currently the Principal Officer of GHR Risk Management (Labuan) Limited. Azmi graduated with a B Sc Business Administration in Finance from the University of Missouri-Columbia, and has a Masters Degree in Business Administration from the University of Missouri-Kansas City.
Abdul Halim Jantan
Director and Chief Executive Officer, Sterling Insurance Brokers
Abdul Halim Jantan is the Director and Chief Executive Officer of Sterling Insurance Brokers, a company he started in year 2000. Prior to embarking his broking journey, he spent 14 years at American Malaysian Insurance Berhad (AMI), being his last position as the Chief Executive Officer. At Sterling, he had developed and pioneered the insurances for power plant and large industrialized risks particularly in mega construction projects, including Tenaga Nasional Berhad, Malakoff Corporation Group, Sarawak Power Generation Sdn Bhd, Jimah Energy Ventures Sdn Bhd, C.T. Power Limited (Mauritius), Astronautic Technology Sdn Bhd (ATSB), Air Selangor, Indah Water Konsortium (IWK) and Malaysian Resources Corporation Bhd (MRCB). Through the years, he has successfully established Sterling as the Premium Independent Power Plant (IPP) broker in the insurance and reinsurance market. With over 35 years of experience, he is well known as a wise mentor and a resourceful advisor in the insurance broking industry.
Dubbed the 'Industry Captain', Halim believes in bringing about the discipline of the old whilst riding the wave of innovation with the new, to the industry. With that vision, he was invited to sit on the board of non-profit organizations such as Insurance Industry Consolidation Committee, Industry Master Plan, Mergers and Acquisition Committee; all are joint effort with Bank Negara Malaysia, Persatuan Insurans Am Malaysia Management Committee, MII Professional Development Committee and MITBA Talent Committee where he is the Chairperson.
Nevertheless, his true calling in life is teaching. His love and passion for it has made him a frequent face as panel speaker at Industry seminars, conferences as well as an occasional guest lecturer at local universities. The organizations he spoke to were Malaysia Insurance Institute (MII), Malaysian Association of Risk and Insurance Management (MARIM), Tenaga Nasional Berhad (TNB-ILSAS), Telekom Malaysia Berhad (TM), Universiti Kebangsaan Malaysia (UKM) and Universiti Tun Abdul Razak (UNITAR), to name a few.
Alastair Nicoll
Regional Director, Aon Insurance Managers APAC
Alastair recently relocated to Singapore to lead Aon's captive practice in Asia Pacific. He has more than 30 years of experience in the insurance industry with Aon, having operated in 3 main markets before Asia. Before joining Aon in Singapore, he led the Aon Global Risk Consulting and captive management team in Dublin, Ireland, serving on many captive Boards through the years of change to Solvency II in the EU. The clients were based throughout the US and Europe, writing on both a direct and reinsurance basis in a variety of sectors. Alastair has served on the ACIM Global Leadership team since 2012 and will continue to do so, connecting him closely to best practices in risk financing, helping to improve and expand on Aon's service proposition globally in the future.
George Ong
General Manager, Aon Insurance Managers (Singapore) Pte Ltd
George heads the Aon Singapore Captive Practice with overall responsibility for the management and servicing of its clients. He is also very involved with the formation process, working with Aon's Actuarial practice on Feasibility Studies for Aon clients in Asia Pacific, and has 20 years of experience in the insurance industry, having served in various capacities in the areas of finance, compliance, consultancy and audit roles. Before joining Aon, George headed the Willis Singapore Captive Practice for six years with overall responsibility for the management of the office and client servicing. Prior to Willis, he headed the finance department of one of the Lloyd's Syndicates established in Singapore and was responsible for the finance, accounting, compliance and administrative functions of the Syndicate.
Oliver Schofield
Head of Captive & Alternative Risk Transfer Consulting, Principal Re Limited
Oliver brings more than 30 years of captive and ART experience to our clients. He has held a number of executive positions in the global captive and ART sectors since the mid-1980s. He started his career at Alexander Howden in 1986 before moving to Aon in 1996, to RKH Reinsurance Brokers in 2012, to RFIB Group in 2016 before joining Principal Re Limited's Captive & ART Consulting team in 2018.
His particular area of focus has been the incorporation and reinsurance of captives, cell captives and association captives and a myriad of ART structures for a range of different industries from across the world. Specifically in Asia, he has worked with clients in China, Indonesia, Taiwan, Singapore, Malaysia, Thailand, Vietnam and the Philippines.
Oliver has been a speaker at numerous captive and ART industry conferences and has published on topics including the Global, Asian, European and American insurance and reinsurance markets, Captives and ART.
Oliver graduated from the University of Southampton with a BA (Joint Honours) in French and English.
Oliver graduated from the University of Southampton with a BA (Joint Honours) in French and English.
Annie Undikai
Managing Director, Brighton Management Limited
With 20 years of experience in the industry, Annie is a qualified professional accountant and a Certified Financial Planner. A Bachelor‘s Degree (Hons) graduate in Accounting and Computing Science, she gained extensive exposure in handling all aspects of accounts, taxation, investment, administration and management consultancy. She started her career with one of the top five audit firms and from 1997 to 2004, she joined Etiqa Offshore Insurance (L) Ltd (previously known as MNI Offshore Insurance (L) Ltd, a licensed Labuan insurer, Underwriting Manager and Insurance Manager as Head of Operations and Marketing. Prior to 1997, she was the Group Financial Controller of a shipping and transportation company.
12 years ago, she founded Brighton Management Limited, an independent licensed insurance/underwriting manager and specialised in providing insurance management services to insurance and insurance-related entities, including captives and now managing more than 70 clients.
Anthony Egerton
Principal Officer, Huntington Underwriting Limited
Tony has more than 30 years of experience in the (re)insurance industry, specialising initially in the alternative risk transfer/structured finance sector with Centre Reinsurance in London, Hong Kong and New York. In 2003, he was appointed President, Asia-Pacific for Lloyd's, based in Singapore, with responsibility for developing and implementing the market's business development strategy across the region.
Six years ago, he joined Huntington Partners LLP, the independent, specialist strategy consultancy and private equity firm. On behalf of Huntington, Tony is a Director of several regional (re)insurance businesses, as well as being the Principal Officer of Huntington Underwriting Limited, a Labuan Underwriting Manager that operates an underwriting facility for Structured Solutions on behalf of reinsurers with a minimum financial strength rating of A- (Excellent) from AM Best & Company (or equivalent).
In 2015, Tony was appointed to Labuan International Business and Financial Centre's panel of specialists and has been instrumental in providing insurance and reinsurance related advice.
In 2015, Tony was appointed to Labuan International Business and Financial Centre's panel of specialists and has been instrumental in providing insurance and reinsurance related advice.
Naoyoshi Araki
Representative Director, Japan Risk Specialist Limited
Naoyoshi is the Representative Director at Japan Risk Specialist Limited. After he was graduated from Faculty of Economics, Keio University in 1986, he started his career as the financial derivatives trader at American securities company. In 1998, after 10 years of working as the financial derivatives trader, he started working for the German reinsurance company engaging with reinsurance business, mainly focusing on reinsurance underwriting and assessment work of engineering insurance and property insurance.
In 2007 he started working for Aon Risk Specialist Limited, engaging reinsurance broking business then appointed as the President of the same company in 2008.
In 2009, with the change of shareholders of the company, he became the Representative Director at Japan Risk Specialist Limited.
In 2009, with the change of shareholders of the company, he became the Representative Director at Japan Risk Specialist Limited.
George McGhie
Managing Director - Captive Practice, Willis Towers Watson
George has over 37 years of insurance experience. He moved to Singapore 25 years ago, after 6 years with Johnson & Higgins in Bermuda, to establish their Asia captive insurance practice. More recently he managed the broking operations of JLT in HK/China, and established their Regional Employee Benefits practice.
He has been involved in the incorporation and/or management of many Asia Pacific captives, and worked closely with regulators across the region on captive related matters.
He is currently focused on advising Willis Towers Watson clients on the design and management of captive programmes across a broad range of countries, industries and classes of risk.
George Kesselmen
Co-Founder & CEO, Anapi and InsurTech Asia Association
Successful insurance leader turned Insurance-Tech (InsurTech) entrepreneur. In his relentless pursuit of a better-protected world, George founded and leads both Anapi and InsurTech Asia Association. Anapi is a fast-growing InsurTech startup which built a technology toolset which enables frictionless risk transfer across the digital ecosystem. Anapi works with leading insurance partners across Southeast Asia and allows digital businesses to add relevant insurance to their online services quickly. The Association focuses on cultivating InsurTech across Asia while boosting corporate-startup collaboration through regional support programs for InsurTech startups and Insurers.
Dato' Majid bin Mohamad
Chairman, Etiqa Family Takaful and Etiqa General Takaful
Dato' Majid retired from Labuan Reinsurance (L) Ltd. at the end of 2010 and currently Chairman of Etiqa Family Takaful and Etiqa General Takaful.
He has extensive experience in the setting up, regulatory planning and rehabilitation of a wide range of finance and insurance institutions in the industry. Starting out at the Bank Negara Malaysia in 1977, he has held various supervisory roles across key departments, from audit to economics, and bank and insurance regulation.
In the insurance industry, he was CEO of a number of life and general insurance companies in Malaysia including Pacific and Orient Insurance, Malaysia National Insurance Berhad, The People Insurance Berhad, Talasco Insurance Berhad. In 2001, he facilitated the successful merger between Talasco and People's Insurance Berhad.
His current directorship includes Alliance Islamic Bank Berhad, Maybank Ageas Holdings Berhad, UMP Holdings Berhad and Pasdec Holdings Berhad.
Formerly, he was the adviser to Lloyd's of London, adviser to Labuan International Insurance Association (LIIA), independent board member of AIA Public Takaful Berhad, Alliance Investment Bank Berhad, UniAsia Insurance Berhad (now Liberty Insurance) and UniAsia Life Insurance Berhad (now Gibraltar Life Insurance). In academic field, he was a Visiting Professor of Islamic Finance at Universti Sains Islam Malaysia (USIM) and Universiti Sultan Zainal Abidin (UnISZA), Terengganu.
Dato' Majid holds a Bachelor of Arts (Honours) from University of Malaya Kuala Lumpur and a Masters of Business Administration from Manchester Business School, England. He also attended senior management programmes at ICLIF, Malaysia, Harvard Business School, USA and INSEAD, Paris.
In the insurance industry, he was CEO of a number of life and general insurance companies in Malaysia including Pacific and Orient Insurance, Malaysia National Insurance Berhad, The People Insurance Berhad, Talasco Insurance Berhad. In 2001, he facilitated the successful merger between Talasco and People's Insurance Berhad.
His current directorship includes Alliance Islamic Bank Berhad, Maybank Ageas Holdings Berhad, UMP Holdings Berhad and Pasdec Holdings Berhad.
Formerly, he was the adviser to Lloyd's of London, adviser to Labuan International Insurance Association (LIIA), independent board member of AIA Public Takaful Berhad, Alliance Investment Bank Berhad, UniAsia Insurance Berhad (now Liberty Insurance) and UniAsia Life Insurance Berhad (now Gibraltar Life Insurance). In academic field, he was a Visiting Professor of Islamic Finance at Universti Sains Islam Malaysia (USIM) and Universiti Sultan Zainal Abidin (UnISZA), Terengganu.
Dato' Majid holds a Bachelor of Arts (Honours) from University of Malaya Kuala Lumpur and a Masters of Business Administration from Manchester Business School, England. He also attended senior management programmes at ICLIF, Malaysia, Harvard Business School, USA and INSEAD, Paris.
Dato' Mohammed Azlan Hashim
Chairman, Labuan IBFC Inc
Dato' Mohammed Azlan Hashim is Chairman of Labuan IBFC Inc. He is also Chairman of D&O Green Technologies Bhd, Marine & General Berhad and IHH Healthcare Bhd. He serves as a Board Member of Khazanah Nasional Bhd and the Government Retirement Fund Inc Investment Panel.
Dato' Azlan has extensive experience in the corporate sector, including financial services and investment. He has held various senior positions, including CEO of Bumiputra Merchant Bankers Bhd, Group Managing Director of Amanah Capital Malaysia Bhd and Executive Chairman of Bursa Malaysia Bhd Group. Dato' Azlan is a Fellow Member of the Institute of Chartered Accountants, Australia; Member of the Malaysian Institute of Accountants; Fellow Member of Malaysian Institute of Directors and Fellow Member of the Institute of Chartered Secretaries and Administrators. Malaysia.
He holds a Bachelor's degree in Economics from Monash University in Australia, and is qualified as a Chartered Accountant in Australia.
He holds a Bachelor's degree in Economics from Monash University in Australia, and is qualified as a Chartered Accountant in Australia.
Edward Wu
Managing Director, Captive and Mutual Practice
Willis Towers Watson, China
Edward Wu has worked for Willis Towers Watson for 12 years. Edward joined Willis China Captive & Mutual Practice (CCMP) as an early member and was promoted to the Practice leader in Jan 2017. CCMP is one of the earliest professional teams for the practice in the marketplace of China and holds leading position across China even today. The team is dedicated in providing consulting services including feasibility study, business planning, formation and insurance strategy design etc. to captives and mutuals. Edward engaged in many significant accounts as a project leader.
During the years of 2006 to 2014, Edward worked for Willis Towers Watson as an insurance broker in the energy related fields. As the Downstream Sector leader, he and his associates provided services for many significant and complex oil and gas downstream and upstream projects located in China or overseas.
Kelvin Wu
Group Assistant General Manager - Risk Management and Insurance, International SOS
An economics and finance student by training, Kelvin stumbled into the world of risk management and insurance 9 years ago. He has since been active on both the buy and sell side of the corporate insurance world, experiencing firsthand the relevance and yet under-appreciation of good corporate risk management. Kelvin started out as a risk consultant with JLT, and advised private and public sector clients across a range of industries, with strong expertise in ERM, business continuity management, captives and risk-insurance gap analysis.
Kelvin is currently the corporate risk manager of International SOS, where he manages the global insurance portfolio which includes property, casualty and employee benefits and encompasses the company's global operations in 94 countries. Kelvin also set up the first ever employee benefits captive program in Asia for Intl. SOS, and leads various risk management initiatives within the company.
In his desire to elevate the expertise and profile of risk managers, Kelvin became a founding board member at the Pan-Asia Risk Management & Insurance Association (PARIMA), a non-profit professional association dedicated to driving the development of this industry. He now serves as Treasurer and EXCO member. A frequent speaker and panelist at conferences, Kelvin leverages on his global network of risk manager peers and risk & insurance industry leaders to share best practices.
In his desire to elevate the expertise and profile of risk managers, Kelvin became a founding board member at the Pan-Asia Risk Management & Insurance Association (PARIMA), a non-profit professional association dedicated to driving the development of this industry. He now serves as Treasurer and EXCO member. A frequent speaker and panelist at conferences, Kelvin leverages on his global network of risk manager peers and risk & insurance industry leaders to share best practices.
Malcolm Cutts-Watson
Managing Director, Cutts-Watson Consulting Limited
With 4 decades in the alternative risk industry, Malcolm has gained an unique insight into captives and a sophisticated outlook for the future.
He is a member of the Captive Hall of Fame that recognises outstanding contribution to the industry over the past 50 years.
He is a member of Labuan FSA International Advisory Panel. He has advised many Asian corporates and governments on captive strategy and spent time in China fostering the use of captives.
He is a member of Labuan FSA International Advisory Panel. He has advised many Asian corporates and governments on captive strategy and spent time in China fostering the use of captives.
Richard Cutcher
Editor, Captive Review
Richard Cutcher has been the editor of Captive Review since May 2014 and is an experienced speaker on captive insurance topics in North America, United Kingdom, Europe and Asia. Prior to joining Captive Review, Richard was the editor of Global Risk magazine and previously worked in Cape Town, South Africa where he was the editor of an African technology and telecommunications online publication. Richard has a BA Honours degree in History from the University of York and splits his time between Captive Review's London and New York offices.
Danial Mah Abdullah
Director-General, Labuan Financial Services Authority
Mr Danial is the Director-General of Labuan FSA, the regulatory authority of Labuan International Business and Financial Centre. Mr Danial assumed the position of Director-General with effect from 3 October 2017. Prior to this, he was the Deputy Director-General of Labuan FSA, a position he held since 2007. He has worked in Labuan FSA since the early years of its establishment and held various positions in the organisation.
Mr Danial is a Board member of International Islamic Financial Market (IIFM) and member of its Executive Committee. He is chairman of the Financial Stability Committee Labuan FSA and a Board member of the Labuan Corporation, Financial Park Labuan, Labuan IBFC Incorporated Sdn Bhd, LabuanFSA Incorporated Sdn Bhd and Pristine Era Sdn Bhd. He also chairs the council of Labuan IBFC Foundation and member of the Port Consultative Committee for Lembaga Pelabuhan Labuan (LPL).
Mr Danial has a Bachelor of Accounting (Hons) from the University of Malaya, Malaysia; and a Masters in Business Administration from the Manchester Business School, UK. He is a Chartered Accountant registered with the Malaysian Institute of Accountants.
Mr Danial has a Bachelor of Accounting (Hons) from the University of Malaya, Malaysia; and a Masters in Business Administration from the Manchester Business School, UK. He is a Chartered Accountant registered with the Malaysian Institute of Accountants.
Suchitra Narayanan
Board Member, PARIMA Malaysia
Suchitra joined Air Asia in November 2017, as Group Head of Risk and Insurance.
In this role, Suchitra is responsible for the development and execution of Enterprise Risk Management and Business Continuity across the group, as well as the implementation of a strategic Insurance function. She reports to the CEO as well as the Risk Management Committee, which is a subset of the Board.
Suchitra has over 15 years' experience in risk management.
Prior to joining Air Asia, Suchitra worked for various financial, insurance, investment management and oil and gas organisations in London and Kuala Lumpur.
Suchitra has a B.Sc (Hons) in Economics and Statistics from University College London and is a qualified chartered accountant.
Raziyah Yahya
Board Member of AIG
Raziyah Yahya was formerly an Advisor and Head of Group Insurance of Petroliam Nasional Berhad (PETRONAS). She has been with PETRONAS Group Insurance since May 1978 until her retirement in December 2017. Prior to joining PETRONAS, she was attached with Mayban-Phoenix Insurance Sdn Bhd.
During her tenure with PETRONAS, she was also appointed to the Board of Energas Insurance (L) Limited on 24th March 2005 and as Chief Executive Officer on 4th May 2009. Energas is a captive insurance company and a wholly owned subsidiary of PETRONAS.
Jose Ribeiro
Managing Director, Asia-Pacific,
A.M. Best Asia-Pacific Ltd
Jose Ribeiro is a board member and Managing Director for Asia-Pacific in A.M. Best.
Jose has a deep understanding of the global (re)insurance industry, gained from a career spanning more than 30 years in the P&C as well as the Life&Health sector globally. Between 2002 and 2015, before he joined A.M. Best, Jose held the roles of (most recent first): Head of Argo International, CEO of Generali Brazil, Director of International Markets and member of the executive at Lloyd's of London, and CEO for LatAm & the Caribbean at Willis. At Lloyd's Jose had extensive exposure to Asia-Pacific markets as the executive responsible for the China, Japan and Singapore trading centers.
Between 1987 and 2002 Jose worked for AIG and Munich Re Group of companies in both Europe and Latin America, as an actuary, an underwriter, a business unit manager and a country CEO.
In addition to being a certified EU actuary, Jose has an MBA in International Management and a Master's degree in mathematics.
Benjamin Tausig
Tax Partner, Deloitte Southeast Asia
Ben is a Financial Services Tax Partner with Deloitte in Singapore and leads Deloitte's insurance tax practice in South East Asia with a wider focus on Asia Pacific. He has worked in Singapore, London and New York providing domestic, cross-border and international tax advice.
Ben has more than 15 years' experience in tax advice, mainly to insurance groups. He has significant experience in advising multinational insurance groups on international tax issues, financing, group reorganisations and transfer pricing. In addition Ben has served as an independent tax expert in litigation matters.
Ben has a wealth of experience advising insurance groups and private equity on mergers and acquisitions (buy side and sell side), providing tax due diligence and structuring advice. He also has experience leading multi-disciplinary teams designing and implementing the legal and operating structure of insurance groups either reorganising their operations or entering into new and emerging markets in Asia Pacific and Latin America.
Ben has a bachelor's degree from Magdalene College, Cambridge and is a fellow of the Institute of Chartered Accountants of England and Wales and a member of the Chartered Institute of Taxation.
Ben has a wealth of experience advising insurance groups and private equity on mergers and acquisitions (buy side and sell side), providing tax due diligence and structuring advice. He also has experience leading multi-disciplinary teams designing and implementing the legal and operating structure of insurance groups either reorganising their operations or entering into new and emerging markets in Asia Pacific and Latin America.
Ben has a bachelor's degree from Magdalene College, Cambridge and is a fellow of the Institute of Chartered Accountants of England and Wales and a member of the Chartered Institute of Taxation.
Sean Welsch
Head of Captive Management & Business Development APAC, Zurich Insurance
Sean Welsch is responsible for all captive structures across Asia-Pacific for Zurich Insurance. He has an Accounting Degree and has worked in the insurance industry since 1996 in various capacities from claims to reinsurance. In his current position draws on his extensive knowledge of insurance regulation and taxation and is experienced in structuring international programs and reinsurance solutions to create innovative solutions for customers that address their needs and help manage risk in a more economical fashion.
Shiwei Jin
Global Program & Captive Regional Director, Asia, XL Catlin
Ms. Jin Shiwei is Global Program & Captive Regional Director, Asia, for Xl Catlin. Ms. Jin is responsible for driving Global Program and Captive business as well as developing strong relationships with XL Catlin's broker partners and clients across Asia. Ms. Jin takes on this expanded role while continuing her position as a key member of the Global Program Centre of Excellence team.
She has over 10 years' experience in the insurance industry and has a proven track record in working with clients to provide bespoke international solutions and excellent service. She joined XL Catlin in 2007 in China as a Regional Research Manager for Asia and was part of the team which established XL Catlin's operations in Shanghai. She then moved to London in 2013 to join the Global Program team, where she held roles of increasing responsibility. Shiwei holds a master degree in International Relations.
Raymond Wong
Chairman, Labuan International Insurance Association
Raymond is currently the Chairman of the Labuan International Insurance Association. The Association represents the interests of the over 200 entities which are licensed by the Labuan Financial Services Authority. He also sits on the Board of Labuan IBFC Inc, the official promotional agency for Labuan International Business and Financial Centre.
He entered the Insurance Industry in Malaysia after completing his university education in Canada in 1978. Working in the American Insurance Company (AFIA) Malaysia for over 4 years he went to UK to read Law. In London he worked in Citicorp Insurance Brokers (Lloyds Broker) for over 2 years. In 1987 he returned to Malaysia to set up the Citicorp Insurance Brokers. 1n 1989 he joined Nanyang Insurance Company (Paramount Assurance) as General Manager and subsequently it's CEO and Board Director. In 1999 he joined Catlin Labuan (Catlin syndicate) as Principal Officer and later Board Director. The merger of XL and Catlin in 2015 saw him appointed as the Country Head for both Catlin and XL legal entities in Malaysia.
He has served as Management Committee member of the General Insurance Association of Malaysia (PIAM), Board member of the Malaysian Insurance Mediation Bureau and Committee member of the National Insurance Association Malaysia (NIAM). He was also a Board Director of the Malaysian National Reinsurance Berhad (MNRB) from 1994 to 1997.
He has served as Management Committee member of the General Insurance Association of Malaysia (PIAM), Board member of the Malaysian Insurance Mediation Bureau and Committee member of the National Insurance Association Malaysia (NIAM). He was also a Board Director of the Malaysian National Reinsurance Berhad (MNRB) from 1994 to 1997.
Stacey Huang
Executive Director, PARIMA
Stacey is the Executive Director of the Pan-Asia Risk and Insurance Management Association (PARIMA). She is responsible for setting up and implementing strategies and programs that will maintain PARIMA as the fastest growing professional association for Risk managers in Asia. Besides managing the overall planning and development of PARIMA, she is also in charge of the day to day operations. PARIMA's members are solely corporate risk managers and it has currently more than 1400 members, representing more than 800 companies and spread across 30 countries. Since joining PARIMA, she has grown the association by more than 5x and introduced new initiatives such as certification, partnerships, competency modelling and self-assessments.
Stacey believes in the need and importance of strategic development. A management consultant with over 10 years of experience, she has helped companies with their transformation and growth agenda. She has worked across multiple industries, countries and cultures, having lived and worked in Kenya, London, Hong Kong and Singapore. She has a Business Management Degree and a Master’s in Business Psychology and has a passion for enabling organisational and individual change. Her expertise are in Business modelling, Process Improvement, Change Management and Digital Transformation.
Raymond Cheung
General Manager, International Department, Jiang Tai Insurance Brokers, China
Raymond is an internationally qualified insurance professional for over 35 years of experience in risk management and insurance arrangements for corporations in China including Hong Kong, particularly, on business and investments outside of China. He has practical experience in working with Chinese enterprises in a number of "Belt and Road" countries as well as countries in Africa and South America. Apart from working for Jiang Tai, the largest market property and casualty insurance broker in China, Raymond has working experience with a number of international brokers.
Dr. Yiming Shen
Senior Vice President - China Client Services, Marsh Singapore
Mr. Shen is the Practice Leader of Marsh's China Client Services, based in Singapore. He is mainly responsible for risk management and insurance matters in connection with Chinese enterprises' overseas direct investment.
Mr. Shen has 20 years' experience in insurance industry. He previously worked for Manulife Financial Global Head Office and Asian Regional Office as Director and Legal Counsel, Deputy General Manager of Aon-COFCO Insurance Broker. He has also worked for Aon in the US and Hong Kong for various senior management roles, primarily in Financial Institutions and Professional Service.
Mr. Shen graduated from Fudan University, with LLB and LLM degree in international economic law. He also earned Doctor of Jurisprudence degree from York University, Canada. He completed Asian Executive Program of INSEAD. He is a licensed broker in Singapore, China, Hong Kong, and Colorado, US. He is a qualified PRC lawyer and Fellow of Life Management Institute (FLMI).
Mr. Shen graduated from Fudan University, with LLB and LLM degree in international economic law. He also earned Doctor of Jurisprudence degree from York University, Canada. He completed Asian Executive Program of INSEAD. He is a licensed broker in Singapore, China, Hong Kong, and Colorado, US. He is a qualified PRC lawyer and Fellow of Life Management Institute (FLMI).
Syahrul Imran Mahadzir
Director, Market Development
Labuan Financial Services Authority
Syahrul Imran Mahadzir is the Director of the Market Development Department at Labuan Financial Services Authority (Labuan FSA). He obtained his Masters in Actuarial Science from the Heriot-Watt University, Edinburgh, Scotland in 2003 and is an affiliate member of the Association of Chartered Certified Accountants (ACCA), United Kingdom.
Four years ago, Syahrul joined Labuan FSA to head the Prudential Policy Development unit before being promoted to his current position in 2015. His responsibilities include formulating developmental, tax and prudential policies towards the orderly growth of the financial services industry in Labuan International Business and Financial Centre.
Syahrul brought with him 18 years of collective work experience at amongst others, the Central Bank of Malaysia, MNRB Holdings Berhad and Malaysian Development Corporation, prior to joining Labuan FSA.
Syahrul brought with him 18 years of collective work experience at amongst others, the Central Bank of Malaysia, MNRB Holdings Berhad and Malaysian Development Corporation, prior to joining Labuan FSA.
Muhammad Balyan Suleiman
Head of Insurance (Custodian), Group Risk Management, PETRONAS &
Chief Executive Office, Energas Insurance (L) Limited
Balyan is the Head of Insurance, Group Risk Management of PETRONAS. He has been in Group Insurance since joining on 2nd January 1992 till present day. He was appointed to the Board of Directors and as Chief Executive Officer of Energas Insurance (L) Labuan on 28th March 2018. He was involved and one of the key members during the formation of Energas insurance (L) Limited.
He received a Bachelor of Arts Degree in Actuarial Science and Finance from Temple University, United States in 1991. He holds a professional qualification from Associated of Malaysian Insurance Institute (AMII).
Organisers
SUPPORTED BY
 (002).jpg)
logo_n-actuarial.jpg)
acca-logo.png){kind=logo}
Recommended hotels
