The Imminent Coming of Risk-based Capital (RBC) for Insurance
The Hong Kong Insurance Authority (HKIA) is developing HK RBC and will be consistent with the core principles issued by the International Association of Insurance Supervisors (IAIS). It is pertinent for the insurance market to start considering how this will impact their company and how they can start to prepare.
Lunch briefing:
The Imminent Coming of Risk-based Capital (RBC) for Insurance
August 16, 2023 | 11:30AM - 1:40PM HKT | The American Club Hong Kong
Hosted by SAS and Asia Risk
Agenda
11:00 – 11:30
Registration
11:30 – 11:50
Overview and key challenges of the HKRBC regime
Dhiran Dookhi is a Partner of Deloitte Consulting based in Hong Kong. He has 20 years’ experience in life insurance. He joined Deloitte in late 2021 from Willis Towers Watson in the UK and prior to that worked in industry for leading insurers such as Prudential and the Phoenix Group. Dhiran leads Deloitte’s Capital offering to Hong Kong insurance clients covering Risk-Based Capital, Economic Capital and Capital Optimization. He has worked with UK, European, Middle Eastern and Hong Kong clients on a range of business problems including risk-based and economic capital, Strategic Asset Allocation and ALM, actuarial reporting, ESG and Climate Change. His recent work focuses on Hong Kong Risk-Based Capital (HKRBC) implementation and operationalization and advising Hong Kong insurance groups on the capital aspects of Group-wide supervision. Since joining Deloitte, he has been a regular speaker at industry events on HKRBC.
11:50 – 12:10
Practical Considerations to Comply with HKRBC Requirements
Jeffery Li is Principal Industry Consultant in SAS. He has 18 years of analytics and modeling experiences in international banks, insurance companies and professional consulting firms. He has project experiences across Asia Pacific region, including clients in China, Hong Kong, Malaysia, Singapore and Taiwan.
Jeffery’s focuses are IFRS 9, IFRS 17, regulatory capital management, risk modeling and stress testing. He is based in Hong Kong and covering the risk products for Asia Pacific region – assisting banks, insurance companies, and other financial institutions in utilizing analytics to fulfil regulatory requirements and business needs.
Jeffery currently supports various ICS/RBC and IFRS 17 pre-sales and implementation projects in the Asia Pacific region. He also support pre-sales activities for all the risk products in Greater China.
12:10 – 12:40
The Imminent Coming of Risk-based Capital (RBC) for Insurance
Panel discussion
- Overview of the risk-based capital regulation and it’s impact on the insurance industry
- What will be the challenges that will come with the risk-based capital requirements?
- How can insurance companies start to prepare before the implementation of new requirements?
- How can technology be used to manage compliance to the RBC regulation?
Dhiran Dookhi is a Partner of Deloitte Consulting based in Hong Kong. He has 20 years’ experience in life insurance. He joined Deloitte in late 2021 from Willis Towers Watson in the UK and prior to that worked in industry for leading insurers such as Prudential and the Phoenix Group. Dhiran leads Deloitte’s Capital offering to Hong Kong insurance clients covering Risk-Based Capital, Economic Capital and Capital Optimization. He has worked with UK, European, Middle Eastern and Hong Kong clients on a range of business problems including risk-based and economic capital, Strategic Asset Allocation and ALM, actuarial reporting, ESG and Climate Change. His recent work focuses on Hong Kong Risk-Based Capital (HKRBC) implementation and operationalization and advising Hong Kong insurance groups on the capital aspects of Group-wide supervision. Since joining Deloitte, he has been a regular speaker at industry events on HKRBC.
Jeffery Li is Principal Industry Consultant in SAS. He has 18 years of analytics and modeling experiences in international banks, insurance companies and professional consulting firms. He has project experiences across Asia Pacific region, including clients in China, Hong Kong, Malaysia, Singapore and Taiwan.
Jeffery’s focuses are IFRS 9, IFRS 17, regulatory capital management, risk modeling and stress testing. He is based in Hong Kong and covering the risk products for Asia Pacific region – assisting banks, insurance companies, and other financial institutions in utilizing analytics to fulfil regulatory requirements and business needs.
Jeffery currently supports various ICS/RBC and IFRS 17 pre-sales and implementation projects in the Asia Pacific region. He also support pre-sales activities for all the risk products in Greater China.
12:40 – 13:40
Lunch
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