23rd Pacific Insurance Conference 2007

23rd Pacific Insurance Conference 2007

Some 335 delegates from 25 countries attended the 23rd Pacific Insurance Conference (PIC)held in Kuala Lumpur from 28 to 31 October 2007.

This was the first time that LIAM was given the opportunity to host this international conference in Kuala Lumpur which coincided with the 50th Independence celebration of Malaysia and Visit Malaysia Year 2007.

The PIC is organised once every two years since its inception in 1963. The objective of the conference is to bring together senior personnel of insurance companies in the Pacific rim including professional consultants, insurance educators and regulatory authorities to exchange ideas on challenges facing the industry and how to further enhance the development of the industry.

The two-and-a-half-day conference was officiated by YBhg Datuk Zamani Abdul Ghani, Deputy Governor of BNM, on 29 October 2007.

The theme chosen for the 23rd PIC was 'New Solutions for Traditional Challenges: Winning Ideas from Industry Leaders' was one that aimed to develop effective strategies to elevate the industry to greater heights in years to come.

Working closely with the PIC Executive Board, the Organising Committee had diligently put together a line-up of experienced and prominent speakers which include Mr Barry Stowe of Prudential Corporation Asia, Mr Trevor J. Matthews of Standard Life Assurance Limited, Mr Kevin Hogan of Nan Shan Life Insurance Company, Mr Daud Vicary Abdullah of Asian Finance Bank, Encik Zainal Abidin Mohd Kassim of Mercer Zainal Consulting Sdn Bhd, Mr Marc van Weede of AEGON N.V., Dr Wolf Becke of Hannover Life Reinsurance, Mr Gregory A. Boyko of Hartford Life Insurance K.K., The Hartford Financial Services Group, Inc and Mr Jonathan Zhao of Ernst and Young Actuarial Services, Asia.

Reflecting on the theme, the topics presented covered a wide scope ranging from the Development of Dual Islamic Finance and Takaful System to New Winning Formulas for Distribution in the 21st Century, the Key to Customer Retention and Retirement Savings Solutions.

In the run-up to the conference, the organizing committee was busy promoting the conference in the local sector as well as around region. There were several get-together sessions with CEOs from the local insurance industry. In addition, receptions were also held in Singapore on 23 April 2007, in Bangkok, Thailand on 16 July 2007 and in Jakarta, Indonesia on 3 August 2007 with the assistance from Life Insurance Association, Singapore, The Thai Life Assurance Association and Assosiasi Asuransi Jiwa Indonesia respectively.

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