Page 59 - LIAM Annual Report 2020

ANNUAL REPORT 2020 57

WEBINARS/ONLINE MEETINGS

46TH ASEAN INSURANCE COUNCIL MEETING
The 46th ASEAN Insurance Council (AIC) meeting was originally scheduled to be held in Cebu, Philippines.
However, the meeting was held online for the very first time on 16 October 2020 due to the ongoing COVID-19
pandemic. It was hosted by the Philippines.
Insurance industry leaders from 10 countries of Southeast Asia had the opportunity to share their thoughts on the
challenges that they faced in their respective markets and the proposed solutions in moving forward.
The hosts created a segment called AIC Quick Talk, featuring interviews with insurance industry leaders from
each country to talk about how their industry is coping with the COVID-19 pandemic, the initiatives taken to
ensure business continuity as well as lessons learnt from this pandemic. In this segment, LIAM CEO, Mark O’Dell
shared the initiatives undertaken by the life insurance industry in Malaysia.
Prior to the 46th plenary meeting, the life insurance sector session was held on 13 October 2020 to specifically
focus on life insurance issues. The COVID-19 pandemic topped the discussion, where members shared the
pandemic situation in their respective countries, the challenges they faced due to the lockdown and restrictions
imposed in their jurisdictions.
Issues and concerns raised during these meetings were shared with the regulators at the Joint Plenary Meeting
between AIC and ASEAN Insurance Regulators held on 28 October 2020.

The AIC is an organisation formed under ASEAN comprising insurance associations from ASEAN countries to
promote cooperation among ASEAN insurers. The Council meeting is hosted once a year by a designated
ASEAN country.