IFoA Middle East Conference 2024: Professionalism

Speaker: Imran Haider

IFoA Middle East Conference 2024: Exploring the future of general insurance pricing in the Middle East

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:

real-time portfolio monitoring: stay ahead of the curve by leveraging cutting-edge techniques to monitor risk outliers seamlessly

machine learning applications: discover how machine learning algorithms can revolutionise non-risk models, from predicting propensity-to-buy to clustering vehicle brands for targeted segmentation strategies

AI-assisted modelling: overcome resource constraints without compromising regulatory compliance; explore the integration of AI-assisted functionalities into traditional GLM/GAM modelling processes for enhanced efficiency

Dawid Kopczyk and Mikołaj Skraburski, Quantee

IFoA Middle East Conference 2024: Solvency II: a useful background to risk-based capital and ORSA process

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:

a refresher for actuaries who work in areas other than risk-based capital

an essentials guide for non-actuarial senior executives in insurance companies

a technically accessible introduction for actuarial students

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

IFoA Middle East Conference 2024: Pricing: beyond GLM, leveraging machine learning

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

IFoA Middle East Conference 2024: Regulatory panel

Moderator: Priyank Gupta, Principal and Consulting Actuary, Lux

Jaffar Iqbal, Actuary and IFRS 17 Lead, QFCRA 

Hany Helmy, Senior Manager, Supervision, DFSA

Falak Soomro, Advisor Insurance, Securities and Exchange Commission of Pakistan

IFoA Middle East Conference 2024: CEO panel

CEO panel:

Moderator: Omer Morshed - CEO, SHMA

Mohamed Seghir, CEO, Hayah

Owais Ansari, CEO, Munich Re

Walter Jopp, CEO, Salama

Dr Abdul Zahra A Ali, CEO, National General Insurance (NGI)

IFoA Middle East Conference 2024: Dubai: Keynote and Welcome

IFoA President Kalpana Shah and Ian Johnston, CEO of the Dubai Financial Services Authority