Top seminar on risk based capital for insurance industry kicks off in Colombo
Tuesday, 30 July 2013 00:35
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A two-day top level seminar on risk based capital for the insurance industry will be held today and tomorrow at Cinnamon Lakeside, Colombo.
Organised by Asia Insurance Review and endorsed by Insurance Board of Sri Lanka, the theme of the seminar is “Getting ready to make that leap from solvency margins to RBC.” The event is supported by the Insurance Association of Sri Lanka, the International Association of Insurance Supervisors and the International Insurance Society.
The event is timely as Sri Lanka is set to be the next Asian Market to embrace the risk capital regime. It will allow insurers to meet the regulatory challenges facing the industry.
RBC means different things to many markets and many companies. So don’t miss this strategic seminar which is aimed at helping companies prepare for the new regime while learning from the experiences of those markets already using RBC.
Both regulators and industry leaders will share their experience in going RBC while leading management consultants will share a master class on getting the processes in place to be fully RBC compliant.
This two-day seminar aimed at CEOs, CFOs and CROs of insurance companies and regulatory bodies will look at what are the drivers and lures of risk based capital regime and how to get started immediately to be prepared to embrace RBC painlessly, efficiently and effectively. It will look at the concepts and application of RBC for life and general insurers as well as the categories of risks measured from credit risks, asset risks, underwriting risks and off balance sheet risks.
This seminar will arm delegates with the basics they need to know about risk-based capital and groom them to use the whole range of weapons and tools in the RBC armoury to excel in their business operations by understanding and measuring the risks assumed and the capital needed to manage those risks.
Top industry experts from overseas will share their insights whilst the event will have a special panel on Sri Lankan RBC model and RBC experience in Asia and a master class in setting up RBC compliance mechanism and a strategic panel on sharing of experiences in going RBC.
