Asian Actuarial Convention 2024 Kicks Off in Hong Kong to Huge Acclaims

– HKSAR Below Secretary for Financial Products and services and the Treasury Joseph Chan honoured the tournament by handing over opening remarks

– Returning after six years, the Asian Actuarial Convention 2024 receives overwhelming toughen from over 1,000 global professionals

– Experience of actuaries can enhance Hong Kong’s functionality as a premier risk administration centre, subsequently make contributions to the resilience and sustainable development of the city

HONG KONG, Oct 23, 2024 – (ACN Newswire) – The three-day Asian Actuarial Convention 2024 (AAC 2024) organised by the Actuarial Society of Hong Kong (ASHK), commenced as of late at the Ocean Park Marriott Lodge. This year’s conference, themed “Exploring the Future of Insurance and Beyond: Innovation, Worldwide Hubs, and Hong Kong,” has better than 100 internationally eminent experts from diverse industries as audio system and panellists, and shut to 1,000 people including actuarial professionals, executives, and thought leaders from across Asia and beyond, making it a indispensable gathering in the actuarial team of workers.

Mr. Joseph Chan, Below Secretary for Financial Products and services and the Treasury of the HKSAR, officiated the outlet ceremony collectively with Mr. Timothy Wong, President of the Actuarial Society of Hong Kong, Mr. Stephen Yiu, Chairman of the Insurance Authority, and Ms. Daisy Ning, Head Life & Health APAC ex China of Swiss Re.

Timothy Wong, President of the ASHK, stated, “We’re gay to hold high business leaders in the station coming to Hong Kong to place up for AAC 2024, returning to the city after six years. Other than allowing us, actuaries and insurers, to produce precious insights on the evolving panorama of the professions, the Convention is also primarily the most indispensable platform for us to connect with practitioners in assorted professions which hold extensive-reaching implications for the manner forward for ours. With the market altering so all of a sudden, it is crucial for actuaries to hold abreast of contemporary business trends and to release the broad doable of actuarial science to the motivate of diverse fields. Collectively, we’re paving the manner for development of the actuary occupation in Hong Kong.”

Alongside applied sciences advancing at ever faster tempo and with business alternatives of all kinds rising in the Higher Bay Dwelling, financial markets in the station hold also become extra advanced and complex. More companies are recognising the importance of financial planning and the wish to successfully put collectively dangers. Actuaries, equipped with a obvious blend of analytical and business abilities, are adept at helping companies address diverse financial and social challenges. By organising models to evaluate primarily the most up-to-date financial implications of uncertain future events, they allow companies to set scientific and rational choices.

Also, taking into epic the likelihood-primarily primarily based capital (RBC) regime for the Hong Kong insurance coverage business launched on July 1 this year, plus the 2024 Coverage Tackle appropriate delivered by the Chief Executive of the HKSAR outlining programs to toughen pattern of the insurance coverage sector, attract orderly enterprises to place captive insurers in Hong Kong, and toughen Hong Kong’s space as a world risk administration centre, actuaries are going to be in broad demand in the near future.

The authorities intends to explore capital requirements of and force infrastructure investment, and enrich insurance coverage companies’ asset allocation for risk diversification, that are abilities areas of the actuarial occupation, showing that actuaries hold a  pivotal characteristic to play in ensuring  the resilience and sustainable development of the city.

Simon Lam, Co-Chairperson Organising Committee Asian Actuarial Convention 2024  concluded, “As of December 2023, ASHK has a total of 1,293 contributors. With polices and regulations in its favour,  ASHK, as the main educated body for actuaries in Hong Kong, is ready to nurture extra abilities for the occupation to meet the rising demand.”

Day Two and Three of the AAC 2024 will explore indispensable subject matters honest like development in rising Asia, Hong Kong as a world hub, law, synthetic intelligence, blockchain, ESG, professionalism, and further. The conference will dwell on Friday with excursions for delegates to focus on with the Higher Bay Dwelling, Hong Kong Cyberport, Hong Kong Science Park, and the Palace Museum.

For extra data please search suggestion from: https://aac2024.hk/index 

In regards to the Actuarial Society of Hong Kong
The educated body for actuaries in Hong Kong used to be first fashioned in 1968 as the Actuarial Association of Hong Kong, its successor, the Actuarial Society of Hong Kong (ASHK) used to be later incorporated in 1994. It is governed by an elected Council with a President and 14 assorted Council Participants. Fellow Participants are entitled to insist the FASHK designation which is a requirement for all Insurance Authority capabilities for Long-Term Appointed Actuaries and Basic Insurance Certifying Actuaries.

The ASHK sets the Educated Standards outlined in the Insurance (Actuaries’ Standards) Solutions (Cap. 41, part 129(1)) and the Actuarial Steering Notes outlined in the many Insurance Authority Pointers for the actuarial occupation in Hong Kong. www.actuaries.org.hk 

In regards to the Asian Actuarial Convention
Ranging from 2013, the Asian Actuarial Convention in general is a biennial tournament organised by an Asian Actuarial Association member organisation on a rotational basis. It has become the superb actuarial tournament in Asia. Up to now, the Asian Actuarial Association is made up of 12 actuarial organisations with terminate to 25,000 contributors. These member organisations arrive from* Australia, China, Chinese Taipei, Hong Kong, India, Indonesia, Japan, Malaysia, Singapore, South Korea,  Thailand, and the Philippines.

*In alphabetical uncover.

Topic: Press initiating summary

Supply: The Actuarial Society of Hong Kong

Sectors: Each day Finance, Magnificent & Compliance

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