Special seminar

 At the Tokyo International Academy Academy, we invite lecturers from August to October to hold special seminars.  It is a valuable opportunity to talk about recent topics in the insurance industry from instructors who are active on the front lines.  Information about once such upcoming seminar is provided below.

IFRS – 17 “Insurance Contracts” outline and main points

【Date and Time】Aug 28(Mon)13:30 – 16:30
【Location】FBC Forum     
                   Please click here for details.
【Lecturer】Taishiro Takeda
【Fee】16,200 yen (tax included)

We are also providing materials at this seminar for purchase, so please take advantage of this opportunity by all means.
Document price 4,320 yen (tax included)
Sale period August 28, 2017 – August 28, 2019 (two years)

Summary of Seminar
In May 2017, the International Accounting Standards Board (IASB) announced the final standard IFRS 17 “Insurance Contracts” that had been under discussion for a lengthy time. This project focused on the economic activity of “insurance,” and was aimed at improving comparability and the quality of information based on the special and complex nature of “insurance.”  Approximately four years from the IASB’s re-exposure draft, announced in June 2013, it took a total of nearly 20 years of consideration from its initial examination to final inclusion.  Although institutionalization of accounting standards for insurance contracts is expected to provide useful information to stakeholders both inside and outside the company, the implementation of such accounting standards will be affected by infrastructure development such as data and systems,  It is expected that its impact will be widespread.

In this seminar, we will outline the main points of IFRS 17 “Insurance Contracts” from both accounting and mathematical viewpoints.

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IFRS – 17 “Insurance Contracts” outline and main points

Regarding M&A investment opportunities of a takaful insurance company in Malaysia

【Date and time】September 11th (Monday) 19: 30 ~ 21: 00
【Venue】         Arcadia Ichigaya

For details, see here.

【Tuition】        23,760 yen (with dinner)
【Instructor】    Zainal Abidin Mohd. Mr. Kassim
【Lecturer Bio】Mr. Zainal has worked in Malaysia as an actuarial consultant in various fields such as life insurance, casualty insurance, medical insurance, pension and retirement benefits for more than 30 years, and is also an appointed actuary in a Takaful company.
In addition, he is also a member of the IASB Working Group, and is in charge of the evaluation of IAS 19 regarding pensions and retirement benefits.  He has also contributed to discussions on accounting standards related to Malaysian pension and retirement benefits accompanying the recent introduction of IFRS 17.

The lecturer is currently active as a Senior Partner at Actuarial Partners Consulting in Kuala Lumpur, and was also President of the Malaysian Actuary Association.

【Summary of Seminar】

Introduction of Takaful insurance in Malaysia and opportunities for M & A.
Malaysia is a country with a population of 30.9 million, and Muslims make up 60% of the country. Malaysia earned independence from Britain in 1957. Its political and legal structure is inherited primarily from the British regime, but at the same time it applies Islamic Shari’a law to Muslim domestic concerns.
Furthermore, in Malaysia, financial and banking businesses are also managed based on traditional ideas and the Shari’a Act. Regarding insurance, there is Takaful insurance based on conventional insurance and Shari’a law. Many Japanese insurers and reinsurance companies hope to learn the usefulness of applying Takaful insurance in the Muslim region – where there are 1.7 billion followers. The establishment of Takaful insurance in Malaysia could be considerably useful.

The following themes will be discussed at this seminar:
(I) Development of Takaful (life insurance, non insurance) in Malaysia. Its achievements and future prospects.
(Ii) On the leaders of Takaful Insurance in Malaysia, and the background of its success or failure.
(Iii) Differences between Takaful insurance and conventional insurance, and differences in the interests of Takaful insurance and conventional insurance.
(Iv) Provisions on Islamic finance and Takaful insurance.
(V) For Islamic assets, including Islamic bonds, and how the insurance products that Takaful can offer can be determined based on Islamic assets.
(Vi) Outline of development and achievements of Takaful insurance in other countries. Efforts towards success.

According to the Islamic Finance Act of 2013, a complex Takaful company consisting of life insurance and non-life insurers has decided to divide the business within 5 years. There are eight complex Takaful enterprises, and it is necessary to divide the business by 2018. Through this effort, companies will become the cutting edge of mergers and acquisitions in order to increase capital and gain opportunities to re-evaluate business models. Foreign investors can hold up to 70% interest in insurance companies and Takaful companies. This seminar will introduce Takaful companies in Malaysia and will talk about M & A opportunities.

Regarding M&A investment opportunities of a takaful insurance co

The future outlook of the insurance industry by Mr. Haruaki Deguchi, founder of Lifenet Insurance

【Date and time】October 17 (Tue) 14: 00-17: 00
【Venue】FBC Forum
Please see here for details.
[Tuition] 16,200 yen (tax included)
【Instructor】 Lifenet Life Insurance Founder Haruaki Deguchi

【Lecturer Bio】
Born in Mie Prefecture in 1948. After graduating from Kyoto University, joined Nippon Life Insurance Company in 1972. In charge of management planning and financial planning department.  As the first financial planning special committee chairman of the life insurance association, engaged in reform of the financial system / insurance business law. After working as a London affiliate company president, general manager of international operations, he retired from the company. Established a life insurance preparation company in 2006 and assumed the position of Representative Director and President. With the acquisition of a life insurance business license in 2008, he started Lifenet Life Insurance Co., Ltd.  In 2013, he took office as Chairman of the Board. As a founder from June 2017, he engaged in public relations and educating young people.

Data Analytics and Artificial Intelligence in Risk Management

【Date and Time】November 12(Mon)18:00
【Location】 Arcadia Ichigaya   
                   Please click here for details.
Mahidhara is currently the Founder and Managing Director of Pramartha – an Actuarial Risk Management and Consulting He focuses on the wider applications of Actuarial Science like Data Science, Analytics Finance and Investment. He has been advising Venture Capitalists and Angel Investors on exit planning using various actuarial risk modeling techniques. He has been a Member of Big Data Working Group, since International Actuarial Association (IAA). Chair for their Global Strategy Committee on Wider Areas, Finance and Investment Board, Institute and Faculty of Actuaries (IFoA), Secretary of Actuarial Consulting Congress of Asia (ACCA)

Document price
Power point 5,000yen (tax included)
Video             15,000yen(tax included)
Please apply here this link

Data Analytics and Artificial Intelligence in Risk Management

Summary of Seminar
Data Analytics and Artificial Intelligence are impacting every business. Actuaries are the earliest known DATA SCIENTISTS who have been adding value to the insurance and pension industry. This seminar throws light on some real-life case studies using Data Science and Artificial Intelligence with specific references to Risk Management. The new age technologies are but mere tools, but coupled with Actuarial Principles, they can be invaluable for businesses. The mechanism of integrating actuarial knowledge into wide range of sectors through artificial intelligence, deep learning and other new age technologies can be explored. The unconventional applications throw light on how the future looks like for actuaries and the learnings can be implemented in any sector from Astrophysics, Bio-Sciences, Climate Change and also Financial services like Banking and Insurance. Don’t miss this opportunity to explore new international business opportunities our expert who coined the word“BUSINESS SCIENTIST’’ for Actuaries.