HKRBC Implementation Challenges and Opportunities

HKRBC Implementation Challenges and Opportunities
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23 February 2023 Virtual Seminar via Zoom

CPD Hour(s): 1.5 (including: Main (HK) 1.5)

Overview Programme Location Book Now Event Photo Presentation

Overview

Hong Kong is in the final stages of introducing the Risk-based Capital framework. Insurers of long-term business may have early adoption, but the current target is to implement the RBC regime in 2024. The implementation of RBC is not free from challenges. During the webinar, the panel will discuss the major challenges and opportunities that have been identified through their interaction with the market players.

Organiser(s)

Agenda

The panel will discuss key issues that they have observed with market players throughout this early stages of Hong Kong RBC implementation. This will include the difficulties in efficiently operationalizing reporting for Hong Kong RBC, and using this new regulatory solvency regime effectively in business management.

Speaker(s)

Anthony Bentley

Anthony Bentley - Director, Deloitte

Anthony Bentley is a qualified actuary and Director in Deloitte's Hong Kong Actuarial practice with more than 20 years’ experience in Actuarial, Risk, Audit and Business Leadership. Prior to joining Deloitte in 2022 Anthony has worked in various roles within the Insurance business of a large multinational bank. Anthony leads Deloitte's risk offering for the insurance sector and through his career has led multiple successful global implementations of financial risk management, operational risk management, enterprise risk management and governance frameworks.

Dhiran Dookhi

Dhiran Dookhi - Director, Deloitte

Dhiran Dookhi is a Director in the Deloitte Actuarial and Insurance Solutions practice in Hong Kong with 19 years of work experience. He joined Deloitte in 2021 from WTW in the UK. Dhiran leads Deloitte's Capital proposition in Hong Kong advising clients on Risk-Based Capital, Economic Capital, ALM, ESG and Climate Change. He is the principal actuarial advisor to a leading insurer and early adopter of HKRBC and the principal advisor to two insurance groups on Group Internal Economic Capital Assessment.

Maurizio Busti

Maurizio Busti - Partner, PwC

Maurizio Busti leads PwC’s A7 Actuarial Services practice consisting of teams across Asia. He brings 30 years of experience, having assumed various positions in industry as the Group Chief Life Actuary in Switzerland and the CFO of Asia Pacific and Middle East based out of Hong Kong of Zurich Insurance Group. In PwC Maurizio leads audit and consulting projects covering Hong Kong Risk Based Capital, Group Internal Economic Capital Assessment, IFRS 17, mergers and acquisitions, model validation, and modernisation.

Nigel Knowles

Nigel Knowles FASHK - Partner, PwC

Nigel Knowles is a Partner in the PwC actuarial practice based in Hong Kong. A former c-suite executive, consultant and investment professional, he brings more than 25 years of insurance and risk management experience gained in Asia and the UK. In addition to financial reporting, his expertise includes RBC, capital management, the management of participating business and asset liability management. More widely, he’s provided the full range of actuarial services including mergers and acquisitions, pricing and Independent Actuary services.

Anthony Bentley

Dhiran Dookhi

Maurizio Busti

Nigel Knowles

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Facilitator(s) / Panelist(s)

Joey Yu

Joey Yu FASHK - Associate Director, PwC (Moderator)

Joey Yu is an associate director in the PwC actuarial practice based in Hong Kong. She is a member of the ASHK CPD Committee and is a qualified actuary with 14 years of experience in industry, insurance audits and consulting, in the UK and in Hong Kong. Currently she leads the ORSA proposition and is involved in a number of capital related projects and propositions.

Joey Yu

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Address

Virtual Seminar via Zoom

Registration for this event is now open.

Registration Fee(s)

Category(ies)

Registration Fee(s) and Deadline(s)

Normal Rate

(Register and pay by 20 February 2023)

Member

HKD

150

Non-Member

HKD

300

Registration Policy


1.	Registration will only be confirmed upon receipt of full payment, on a first-come, first-served basis. To qualify for any special rate (e.g. early-bird rate), if any, please settle the full payment by the prevailing deadline. Otherwise, the outstanding registration fee will automatically be changed to the regular rate.
2.	For ATM/bank transfer, all bank charges (including any local and overseas charges) should be borne by registrants and cannot be deducted from the registration fee. Please give instructions to your bank to this effect if charges are deducted from the registration fee, the registrant will have to reimburse the difference to the ASHK upon arrival at the event.
3.	An official e-receipt will be sent by email and uploaded to the “Login Area” on the ASHK website (click “Payment History”) within 1-2 weeks after the payment has been verified.
4.	Upon successful registration with payment, registrants will receive a confirmation email. A reminder email will also be sent prior to the event. If registrants did not receive the confirmation email and reminder from the ASHK, it is the registrants’ responsibility to contact the ASHK Office to confirm their seats.
5.	By registering, registrants agree that their personal data provided will be used by the ASHK for administration and management purposes relating to this event and other activities supported by ASHK or relevant to the actuarial profession. Registrants can request not to disclose their personal data and opt out from receiving the ASHK’s general mailings by emailing to the ASHK Office: info@actuaries.org.hk.
6.	An official e-certificate of attendance will be emailed to all registrants who attend the entire webinar and complete the evaluation form and also uploaded to the “Login Area” on the ASHK website (click “CPD Record” > “Event Log & Attendance Certificate”) within 1-2 weeks after the event.

Adverse Weather Policy

Unless specified,
1.	When Typhoon Signal No. 3 or below/ Amber or Red Rainstorm Warning is in force, all events will be held as scheduled.
2.	For events that have not started yet: If Typhoon Signal No. 8 or Black Rainstorm Warning is in force after 7:00 am - morning and/or full-day events that start from 9:00 am will be cancelled. 10:00 am - luncheon events will be cancelled. 12:00 noon - afternoon events that start between 2:00 pm and 6:00 pm will be cancelled. 4:00 pm - evening event that start from 6:00 pm will be cancelled. The ASHK will re-schedule the event if possible. If participants cannot join the event on the re-scheduled date, registration fee will be refunded. If the event cannot be re-scheduled, registration fee will be refunded.
3.	For events that are in progress: When Typhoon Signal No. 8 or above is hoisted, the event must be halted immediately. Participants should leave the venue when it is safe to do so. When Black Rainstorm Warning is in force, the event will continue as scheduled. Participants are advised to remain where they are.

Event Photo