With the Philippines being set to be the next in Asia to embrace RBC supervision while other markets are tinkering with or changing their RBC rules, Asia Insurance Review will host a Strategic Conference to help companies better understand the power of the RBC mantra and prepare for the new regime while learning from the experiences of those markets already using RBC.
The pace of regulatory change throughout the world is hectic. At every forum, regulatory changes are often cited by CEOs as one of the key challenges facing the industry. And regulators themselves are under pressure to keep up with the new IAIS ICPs. For companies, it is time to get real and be pro-active to build the tools and capabilities to cut through this period of increasing regulatory complexity and build a solid platform that supports the successful implementation of strategy into the future.
RBC is not one same meaning to all. Though many of the regulators in the region from Australia, Hong Kong, Indonesia, Japan, Korea, Malaysia, Singapore, Sri Lanka, Thailand and Taiwan have embraced RBC, the regime and requirements vary with each market.
This two-day Conference targeted at CEOs, CFOs and CROs of insurance companies as well as regulatory bodies will look at the drivers and lures of RBC regime; how to embrace RBC painlessly, efficiently and effectively; the concepts and application of RBC for life and general insurers; as well as the categories of risks measured from credit risks, asset risks, underwriting risks, operating risks, balance sheet risks and off-balance sheet risks.
This Conference will arm delegates with the whole armoury of tools and weapons to excel in your business operations by understanding and measuring the risks you assume and the capital you need to manage those risks.