OFFICIAL MEDIA PARTNER
4th ASEAN INSURANCE SUMMIT
BUILDING A MORE RESILIENT AND SUSTAINABLE ASEAN
By invite only
SUMMIT DAY –
TUESDAY, 26 OCTOBER 2021
10:00 am to 5:00 pm (SGT)
GREEN RESEARCH HACKATHON
1 SEPTEMBER 2021
Mr Christian W. Wanandi,
Secretary-General, ASEAN Insurance Council
Welcome to the 4th ASEAN Insurance Summit. The ASEAN Insurance Summit, which is held once in two years is an important event in the calendar of the ASEAN Insurance Council’s activities. If not for the ongoing pandemic, this event would have been held onsite in Singapore, the host of this year’s ASEAN insurance meetings. We are glad, however that technology has made it possible for us to continue to hold the Summit and for us to meet virtually. The theme of this year’s Summit is “Building A More Resilient and Sustainable ASEAN”
Three sub-themes have been developed – Making ASEAN More Climate Resilience, Managing Insurance Gaps For Resilience and Digital Inclusion and Empowerment -A Post-COVID priority. The objective of this year’s Summit is to provide a platform for senior insurance leaders and practitioners to voice and share their perspectives on issues around the sub-themes, in particular climate change which is expected to have a profound impact on the ASEAN insurance industry as well as contribute to the ASEAN Economic Community (AEC) policy-making process.
In this regard, we are pleased that senior officers from the ASEAN Secretariat have agreed to present updates on the AEC Blue-Print 2025 as well as the ASEAN Digital Masterplan 2025 cum ASEAN Climate Action-Plan.
We will also be launching the ASEAN School of Insurtech, Analytics & Innovation by the Singapore College of Insurance as well as announcing the ASEAN Insurance Diploma framework.
On behalf of the ASEAN Insurance Council, I would like to extend my sincerest thanks to our Guest-of-Honour, Mr. Marcus Lim, Assistant Managing Director of the Banking & Insurance Group, Monetary Authority of Singapore, who will open the Summit and deliver an Opening Address. In addition, I would also like to thank H.E. Satvinder Singh, Deputy Secretary-General of ASEAN for ASEAN Economic Community for agreeing to deliver a special address for this event.
This Summit would of course not be possible without the support and contributions from the various speakers and moderators who have spent their valuable time in furnishing their insights and presentations in respect of the various sessions. In this regard, allow me to express my gratitude to all of them.
In addition, we would like to thank all esteemed guests for joining the Summit. While we may not be able to physically meet at this time, your presence and support for this event is certainly greatly appreciated. Finally, but certainly not least of all, I must also acknowledge the hard work put in by the staff of the ASEAN Insurance Council and the Singapore College of Insurance in co-organising this event.
Have an enjoyable Summit.
Christian W. Wanandi
ASEAN Insurance Council
ASEAN Insurance Summit (AIS)
Unlike the usual conferences, the AIS was conceived in 2014 by the then Secretary-General of the ASEAN Insurance Council, Ms Evelina Pietruschka to be a symposium, by which senior insurance industry leaders and practitioners from across ASEAN will have an opportunity to voice and share their perspectives during the panel sessions and contribute to the ASEAN Economic Community (AEC) policy-making process. At the same time, they can keep abreast of the AEC progress and updates on the insurance sector towards the AEC Blue-print 2025. Following the Summit, a Post-Summit Report will be compiled and presented at AIC/ARM meetings as well as to the ASEAN Secretariat.
ASEAN is arguably the most exciting insurance market in the world, with a large and rapidly growing population ready to take advantage of new insurance products and services offered in the post-COVID era. This Summit aims to bring together key stakeholders to share the cutting edge of strategy and policy making.
The 3rd AIS held in Kuala Lumpur in 2018 had a total of over 200 participants; of which 87% of them were C-suite executives or strategic decision-makers from the ASEAN countries, from insurance regulators’ offices and other insurance and related service companies. For the 4th AIS, around 1000+ industry leaders, including Chairmen, Board Members and Senior Management of the ASEAN insurance fraternity will attend the Summit, including future young leaders of the industry.
ASEAN Insurance Council (AIC)
- A Regional Platform For The Insurance Industry
AIC is an organisation under the ASEAN Secretariat which focusses primarily on the ASEAN insurance industry. Formed as a public-private partnership funded by the private sector and it works closely with the ASEAN Insurance Regulators and related Government Agencies to further the objective of regional co-operation in ASEAN. It was established during the ASEAN Meeting on 4 April 1978 in Jakarta, Indonesia . The objectives of the organisation are to promote and stimulate the development of the insurance industry within ASEAN as well as to build relationships amongst insurance companies in ASEAN. The AIC Board comprises the Presidents of the 15 Life and Non-Life Insurance Associations in ASEAN and a member of ASEAN Plus One, GIAJ from Japan, led by the Secretary-General. There are a number of Working Committees under the AIC; namely the ASEAN Insurance Education Committee (AIEC), ASEAN Council of Bureaux (COB), ASEAN Natural Disaster Research and Works Sharing (ANDREWS), ASEAN Reinsurance Working Committee (ARWC), ASEAN Actuarial Talent Development , and recently ASEAN Agricultural Insurance.
THE ASEAN GREEN RESEARCH HACKATHON ON GREEN INSURANCE
AND SUSTAINABLE RISK MANAGEMENT
Singapore College of Insurance (SCI), in collaboration with the ASEAN Insurance Council (AIC) is organising this inaugural hackathon to generate greater awareness about green insurance and sustainable risk management; and to also bring together the best minds from the industry and beyond to be involved in the discussion and development of various innovative solutions that are necessary to address the growing need of and demand for both corporate responsibility and environmental sustainability.
ASEAN cannot avoid its exposure to a variety of disasters. Compared to the rest of Asia, the ASEAN area is the most prone region to disasters in the world. The member states are highly vulnerable to climate change as a large proportion of the population and economic activity is concentrated along coastlines; agriculture is the economic lifeblood for most nations; there is a high dependence on natural resources and forestry; and the level of extreme poverty remains high. From 2006-2020, drought, severe floods, typhoons, super typhoons, tropical storms, earthquakes ranging from magnitudes of 6.7 to 7.6 and tsunamis have affected some 190 millions of lives across ASEAN. From 2012 to 2018, an estimated yearly damage of 15.9 billion US dollars, three times ASEAN’s collective annual GDP has occurred caused by these natural disasters. Source : “The Disaster Riskscape across South East Asia, United Nation ESCAP 2020”
As an industry, our key purpose is to advance societal and economic resilience. Therefore, in this only one of its kind hackathon, we are looking for you to generate impactful research and create innovative insurance solutions to solve these global issues!
There will be two (2) categories – Research and Technical. For the research category, teams will be able to choose one (1) out of three (3) research topics. For the technical category, teams will be able to choose one (1) out of three (3) technical challenges that the industry faces. The general direction of this Hackathon is to encourage research that generates new insights into emerging problems and technical prototypes that will work (or at least are at a Proof-of-Concept stage). The research topics and technical challenges will be announced on 1 September 2021.
Singapore College of Insurance
9 Temasek Boulevard #14-01/02/03
Suntec Tower Two, Singapore 038989
General Enquiry: (+65) 6221 2336 (8.30am to 5.00pm)
Fax: (+65) 6220 6684
CPE Registration No.: 199408491M
Period of CPE Registration: From 26 September 2019 to 25 September 2023
Information presented on this marketing material is correct at the time of publishing. However, changes to the programme contents, dates, time, duration and venue can occur owing to unforeseen circumstances. Every effort will be made to inform all participants of such changes on a timely basis.