• Insurance and reinsurance practitioners seeking to understand the regulatory capital framework in the various ASEAN countries and the application of reinsurance in RBC.
• Also suitable for accounts, compliance and actuarial personnel in insurance or reinsurance organisations seeking to know how the RBC regimes in ASEAN impact reinsurance.

At the end of the programme, participants should be able to:

• Know the different types of capital used in insurance.
• Understand the definition and use of risk-based capital.
• Appreciate the capital regulatory framework in various ASEAN countries, and the various constituent components that making up the statutory capital requirements.
• Appreciate the reinsurance applications in RBC.

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Part 1 – Overview of RBC Framework

• Why do we need capital?
• The different types of capital
• Traditional approaches to determine regulatory capital requirements.
• Definition and Use of Risk-Based Capital

Part 2 – Review of ASEAN Capital Regulations

• APAC Regulatory Environment
• Overview of various ASEAN Capital Regime – Singapore, Malaysia, Indonesia, Thailand and Philippines
• Capital Adequacy Ratio and its key components.
• Valuation of Assets and Liabilities

Part 3 – Application of Reinsurance in RBC

• Reinsurance strategy overview
• Reinsurance as an Alternative Source of Capital
• Reinsurance optimisation in the context of ERM Framework

Raymond Cheung is a seasoned professional with over 20 years of experience in actuarial science, financial modeling, risk management, and compliance, as well as in fintech, product development, fund management, and ESG/sustainability. Currently, he is the Director and Training Lead at CER Consultancy, where he co-developed an ESG certification course with TUV SUD and partnered with RAM Ratings to roll out ESG training in Malaysia.

Local Participant: S$141.70 (incl. of 9% GST)

Overseas Participant: USD100.00

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