Welcome to the inaugural IFoA Middle East Conference, where industry leaders, aspiring professionals, and experts converge to shape the future of actuarial science in the region.
Join us in Dubai for dynamic discussions, insightful sessions, and unparalleled networking opportunities. Watch this space for the full list of speakers and topics.
It’s an opportunity to:
Activity | Time | Details |
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IFoA new qualifiers ceremony | 16:15 - 17:00 | |
Conference registration and networking reception | 17:00 - 19:00 |
Activity | Time | Details |
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Registration | 08:00 - 08:45 | |
IFoA President update | 08:45 - 09:00 | IFoA President update Read more |
IFoA President Kalpana Shah Kalpana brings 30 years of business experience in the insurance and investment industry. She was longstanding Group Chief Actuary and Partner at Hiscox until 2016. She is now one of a handful of female Chairs in the insurance industry, a non-executive director of several organisations and a member of the Capacity Transfer Panel for Lloyd’s of London. | ||
Keynote and CEO panel | 09:00 - 10:00 | Keynote and CEO panel Read more |
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Regulatory panel | 10:00 - 11:00 | Read more |
Moderator: Priyank Gupta, Principal and Consulting Actuary, Lux | ||
Refreshments and exhibition | 11:00 - 11:30 | |
Transfer time | 11:30 - 11:40 | |
Workshop A1 | 11:40 - 12:30 | Pricing: beyond GLM, leveraging machine learning Read more |
Accurate technical pricing is of critical importance commercially and, in many instances, the regulatory responsibility of actuaries. There are significant opportunities to enhance technical approaches we use for pricing. This interactive workshop introduces common machine learning techniques increasingly used in developed markets to supplement GLM. It presents analysis and results based on (anonymised) market data to ensure this is relevant and recognises the realities of the local market. Hasham Esmail Piperdy, BADRI | ||
Workshop A2 | 11:40 - 12:30 | Are state sponsored pension systems in the GCC sustainable? Read more |
This session explores the pressing issue of sustainability in state-sponsored pension systems in the GCC. It examines common challenges, demographic changes, recent reform initiatives, and areas for further improvement. The talk is designed for pensions actuaries and investment professionals. It provides valuable insights based on Mercer Middle Eas’s involvement in the 2023 pension reforms in the UAE and data from the Mercer CFA Global Pensions Index 2023. Qamar Shazad, Mercer Middle East | ||
Lunch and prayer time | 12:30 - 14:10 | |
Transfer time | 14:10 - 14:20 | |
Workshop B1 | 14:20 - 15:10 | Solvency II: a useful background to risk-based capital and ORSA process Read more |
Risk-basked capital and own risk and solvency assessment (ORSA) are matters of current interest in the Middle East with regional implementations underway. Some overlaps exist with the requirements of the EU’s solvency regime for insurers and reinsurers (Solvency II), which has been in effect since 2016. This presentation provides a theoretical background to Solvency II and highlights some practical considerations in relation to its application by actuaries. It covers the aims and pillars of the regulation (quantitative requirements, qualitative requirements, and reporting and disclosure), and how the pillars interact. The presentation is tailored for a wide audience and is:
By the end of the presentation the speaker aims for the audience to have an understanding of the purpose, structure, and outputs of each pillar of Solvency II (for example solvency capital requirements, ORSA, and public and private reporting). Yasmeen Husain | ||
Workshop B2 | 14:20 - 15:10 | Actuaries in banking: opportunities in quantitative risk management Read more |
Historically, the actuarial profession has been synonymous with the insurance and pension industries. However, the technical skillsets and professional standards offered by the profession can be applied across diverse industries and sectors. Banking and finance is one of the prominent industries where actuaries can add tangible value by undertaking non-traditional roles. This session is aimed at spreading awareness about opportunities for actuaries in the banking and finance industry considering several recent developments in the industry which have led to an exponential increase in use of quantitative and forward-looking models for risk management. Yash Ratanpal and Abhinava Bajpai, Acies Consulting LLP | ||
Transfer time | 15:10 - 15:20 | |
Workshop C1 | 15:20 - 16:10 | Exploring the future of general insurance pricing in the Middle East Read more |
Amidst a dynamic landscape influenced by factors like inflation, shifting regulations, and competitive pressures, general insurance pricing continues to evolve, presenting intriguing opportunities for actuaries. This session presents an insightful session tailored for the Middle East insurance markets. It delves into the exciting prospects shaping the future of general insurance pricing. Among other topics, the talk covers:
Dawid Kopczyk and Mikołaj Skraburski, Quantee | ||
Workshop C2 | 15:20 - 16:10 | Public and private partnerships: climate change Read more |
Gallagher Re has been working with government entities across the MENA region to create CAT pools to enable protection for an increasing amount of CAT events in the region. It has set up CAT pools in Algeria and Morocco and is working to do so in Oman and Egypt. The presentation covers:
Reena Gandesha, Gallagher Re | ||
Refreshments and exhibition | 16:10 - 16:50 | |
Transfer time | 16:50 - 17:00 | |
Professionalism | 17:00 - 18:00 | Read more |
Imran Haider | ||
Chair’s closing remarks and conference close | 18:00 - 18:10 |
Standard: member | £200/$264 |
Standard: non-member | £220/$286 |
Shangri-La Dubai, Sheikh Zayed Road, United Arab Emirates