27/04/2024
IAA Weekly News Brief - April 26, 2024
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Contents
Upcoming Council and Committee Meetings in Seoul Audience: All The Seoul meetings are fast approaching; hence this is a friendly reminder that if you areattending in person, it is important that you register as soon as possible to ensure that you have access to all the materials and information you need, and that logistics are planned accordingly.
Please do not hesitate to contact Anne Lamarche for any questions or concerns. Notice of Public Submission - IAIS Public Consultation on draft revisions to supervisory material related to the Holistic Framework Audience:All Full Member Associations (Council Delegates and Correspondents) for necessary action The International Association of Insurance Supervisors (IAIS) launched a public consultation on draft revisions to supervisory material related to the Holistic Framework in March. This consultation covers revisions to supervisory material that incorporate lessons learnt, enhance clarity on intended outcomes, ensure consistency in interpretation and avoid unintended consequences. . For more details, please click here. Comments are invited by 27 June 2024 24:00 CET The IAA intends to submit a formal response to this consultation. The Insurance Regulation Committee (IRC) will be responsible for formulating the response to the IAIS on behalf of the IAA. The response will be developed in accordance with the requirements of the IAA Due Process for Making a Public Statements. All members and observers of the IRC have been requested to provide input to the response. The developing drafts and the final response will be shared with the IRC. Please ensure that your association's input is provided via your representatives in the IRC. If your association does not have a member or an observer in the IRC, you may nominate an observer to the drafting group to review the developing response. We request you to contact Amali Seneviratne (Director Technical Activities) at the IAA Secretariat as soon as possible, butno later than 10 May 2024 if your association wishes to nominate an observer. Please note that this will be your only opportunity to influence the development of the response, as it will not be circulated outside the IRC. The final response will be submitted to the IAIS on or before 27 June 2024, subject to approval by IRC members. Diversityin a Broader Perspective Webinar Audience:All Did you miss the Diversity in a Broader Perspective webinar? We invite you to view the thought-provoking presentations from Kirsten Sasady & Frank Schiller moderated by Tonya Manning at the link below. Banking Virtual Forum Webinar: Opportunities for Actuaries in Banking: Measurement and Modelling of Interest Rate Risk in the Banking Book (IRRBB) Audience:All You are welcomed and encouraged to share this invitation with member association, colleagues and anyone else who you know that may find this webinar to be of interest.
Audience:All The IAA Life Section has started an interview series on climate risk, designed specifically for life actuaries who may not be fully aware of how this will impact their work. In this series, IAALS will explore the effects of climate change on the global life insurance industry and the broader financial landscape. Viewers will hear from sustainability leaders, regulators, life actuaries and other risk practitioners who will provide perspectives on the risks and opportunities that climate change poses and explore how this might affect life actuaries in their day-to-day work in risk assessments, asset management, product development and managing the evolving regulations. The 2nd episode has just been published on actuview. Watch it now!
ASTIN Section
Masterclass Webinar on Model Risk Management In this webinar, Andrew Smith will introduce his Masterclass on Model Risk Management. He will preview the first episode in this 8-part series and then delve further into the main take-aways covered throughout the Masterclass, such as: underwriting model risk; reserving model risk; investment model risk; and model risk management processes. We will close with a Q&A session for the audience.
Inclusive Insurance Virtual Forum Webinar: Index-Based Insurance for Risk Management in Agriculture Audience:All Next webinar presented by the IAA's Inclusive Insurance Virtual Forum (IIVF) entitledIndex-Based Insurance for Risk Management in Agriculturescheduled onTuesday, 30 April 2024 at 08:00 EDT (for 75 minutes).
Audience:All t is with great excitement that we invite you to be a part of this international event, which promises to be an enriching and transformative experience for all participants. JoCo 2024 is the 1st Joint Colloquium of all IAA Sections. This first "JoCo2024" will gather actuaries, section members as well as members of Actuaires du Monde (AdM) around a unique theme "Reconnecting Actuaries". This year's colloquium will feature 4 engaging keynote speeches, 140+ speakers from 35 countries, social events, and networking opportunities that will inspire and empower individuals to make meaningful contributions in their respective fields. Key Details:
Note for IAA volunteers:This event immediately precedes the IAA Council and Committee meetings in Tallinn, Estonia. Whether you are a seasoned professional or simply curious to explore new ideas, the JoCo2024 Colloquium offers something for everyone. Join us as we celebrate innovation, collaboration, and the spirit of learning. For any inquiries or assistance regarding registration, please don't hesitate to contact our dedicated team at info@joco2024.org. We look forward to welcoming you to the JoCo 2024 Colloquium. Follow us via LinkedIn and our website! The JoCo2024 Organising Team AsianActuarial Conference 2024, Hong Kong, 22-25 October 2024 Audience:All Exploring the future of insurance and beyond: Innovation, international hubs and Hong Kong is the topic of this year's Asian Actuarial Conference (AAC) being organized by the Actuarial Society of Hong on 22-25 October. We encourage you to follow the ASHK LinkedIn www.linkedin.com/company/ashk so that you can get the most up-to-date AAC information. The IAA Asia Task Force is organizing full day seminar on October 22nd and we will be pleased to count with your participation. Stay tuned for more information about the seminar.
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