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Digital Money: Emerging Issues and Policy Actions in Asia

7 September 2017
An increasing number of individuals are now using digital financing, yet many are still unbanked in Asia. In today's digital age, new ways to pay without using cash are now being offered, providing individuals and businesses alike much-sought for convenience and speed. This presentation gives an…

The Role of Actuaries and Actuarial Standards in Developing Insurance and Pension Markets

5 September 2017
The actuarial profession significantly contributes to the decision-making processes within the financial services industry, in the area of social protection, and in the management of risk. Standard-setting bodies within the profession, such as the International Actuarial Association (IAA), work…

Identifying, Understanding & Assessing Money Laundering and Terrorism Financing Risks in Insurance

30 August 2017
Insurance Core Principle (ICP) 22 provides insurance supervisors guidelines on anti-money laundering and combating the financing of terrorism. This presentation shares how ICP 22 was concretely applied in Bermuda, which hosts the third largest reinsurance market in the world. It developed its own…

Overview of the IAIS Insurance Core Principles on Anti-Money Laundering and Combating Financing of Terrorism

29 August 2017
In insurance, two entities set the standards for combating money laundering and financing of terrorism: the International Association of Insurance Supervisors (IAIS) and the Financial Action Task Force on Money Laundering (FATF). The FATF recommends policies and preventive as well as operational…

Countering Insurance Fraud

29 August 2017
Countering fraud in insurance is a must. The Insurance Core Principle (ICP) 21 guides insurance supervisors in detecting and reporting fraud, as well as in contributing to or promoting anti-fraud initiatives. This presentation describes the usual types of insurance fraud risks, including cyber…

US Experience in Combating Insurance Fraud

28 August 2017
Insurance can be vulnerable to fraud. In the United States of America (USA) alone, insurance fraud costs about US$80 to 230 billion each year. Generally, fraud risk becomes higher in times of high pressure situations. This presentation shares lessons from the USA's experience on insurance fraud and…

Supervisory Cooperation and Collaboration and Crisis Management

28 August 2017
Financial markets, being highly interconnected and global in scope, need to have an effective oversight body. The National Association of Insurance Commissioners endorsed in 2009 the use of supervisory colleges because they foster cooperation, promote common understanding, and facilitate…

Overview of the IAIS Core Principle on Crisis Management and Supervisory Cooperation

28 August 2017
The International Association of Insurance Supervisors Core Principles (ICP) provides a framework for the regulation and supervision of the insurance sector. This presentation gives an overview of ICP 26, which focuses on effective cross-border cooperation and coordination for effective crisis…

Economic Analysis of Investment Projects - Knowledge Sharing Webinar Series

25 August 2017
Kee-Yung Nam shares his insights towards developing a common understanding of economic analysis methodologies and applications to evaluate the rationale, purpose and justification of investment projects.

Economic Analysis of Investment Projects - Knowledge Sharing Webinar Series

25 August 2017
Kee-Yung Nam shares his insights towards developing a common understanding of economic analysis methodologies and applications to evaluate the rationale, purpose and justification of investment projects.