The First Saudi Insurance Symposium

The 1st Saudi Insurance Symposium
From: 22-Feb-2011
To: 23-Feb-2011

Under the patronage of His Excellency Dr. Abdulrahman Alhamidy, The Vice Governor of the Saudi Arabian Monetary Agency, the Institute of Banking (IOB), in cooperation with the General Committee for Insurance Companies, is organizing the 1st Saudi Insurance Symposium, which will be held during the period of 22nd and 23rd of February, 2011, at the IOB in Riyadh.

Speakers

Speakers


H.E. Dr. Abdulrahman Alhamidy , Vice Governor, SAMA

Mr. Jamaan Al Wagdany, Director General, IOB

Mr. Ali Alsubaihin, Tawuniya

Mr. Harvey Duckers, GAD

Saleh Alhnaki, Falcom

Panelist: Mr. Paul Adamson, AXA,

Mr. Omar Bilani, Watania,

Chairman: Mr. Ayman El Hout, Med Gulf

Mr. Tariq M. Malak, Aramco.

Mr. Naser Al Jarba, Sabic.

Mr. Nabil Kokash, AON Saudi Arabia

Chairman: Mr. Mousa Al Rubaian

Mr. Mohammed Al Shayea, SAMA

Dr. Abdullah Al Sharif, Council of Co-operative Health Insurance

Chairman: Mr. Ali Al Ayed, Malath

Mr. James Peacock, S&P

Mr. Mark Stephens, Milliman

Mr. Basem Odeh, Arabian Shield

Chairman: Mr. Debo Ajayi, Milliman

Dr. Morten Karnuth, Munich Re

Mr. Mike Barnes, McLarens Young Saudi Co. Ltd.

Mr. Ayman El Hout, Med Gulf

Chairman: Mr. Yassir Al Baharna, ARIG

Mr. Paulo Machado, Mercer

Mr. Sadullah Khan, IOB

Chairman: Mr. Samy Al Ali, Al Ahlia

Facilitator: Mr.Tal Nazer, BuPa Arabia

CMA

AGENDA

Day & Time
Topic
Speaker

Day 1,Feb 22,2011

8:30am
Registration, morning refreshments


9:00am
Welcome note
Mr. Jamaan Al Wagdany, Director General, IOB

9:05am
Official Opening
H.E. Dr. Abdulrahman Alhamidy , Vice Governor, SAMA

9.15am
Session 1: The Insurance Industry in the Kingdom

15min
The existing paradigm shift - Competition vs. Survival
Mr. Ali Alsubaihin, Tawuniya

15min
The hidden challenge - Solvency margin requirements
Mr. Harvey Duckers, GAD

15min
Is merger our destiny?
Saleh Alhnaki, Actuscope

30min
Q&A Panel Discussion
Panelist: Mr. Paul Adamson, AXA, Mr. Omar Bilani, Watania, Chairman: Mr. Ayman El Hout, Med Gulf

10:30am
Coffee Break


10.45am
Session 2: Insurance experience - Mega Projects

15min
Aramco Experience
Mr. Tariq M. Malak, Aramco.

15min
Sabic Experience
Mr. Naser Al Jarba, Sabic.

15min
Brokers' Perspective
Mr. Nabil Kokash, AON Saudi Arabia

30min
Q&A
Chairman: Mr. Mousa Al Rubaian

12:00PM
Prayer time and Coffee Break


12:30 PM
Session 3: Market Regulation - Regulators' Perspective

15min
The Transition from Regulation to Supervision
Mr. Mohammed Al Shayea, SAMA

15min
Compulsory Health Insurance / Way forward
Dr. Abdullah Al Sharif, Council of Co-operative Health Insurance

15min Governance CMA
30min
Q&A
Chairman: Mr. Ali Al Ayed, Malath

1:45 PM
Buffet Lunch


Day 2, Feb 23,2011

8:30am
morning refreshments


9:00am
Session 4: Enterprise Risk Management Governance and Compliance

15min
Successful Implementation of ERM in the KSA Insurance Sector
Mr. James Peacock, S&P

15min
Implementing Risk Management Governance & Compliance
Mr. Mark Stephens, Milliman

15min
Business Benefits of Compliance
Mr. Basem Odeh, Arabian Shield

30min
Q&A
Chairman: Mr. Debo Ajayi, Milliman

10:15am
Coffee Break


10.30am
Session 5: Natural Risks

15min
Natural Disasters - Regional trends
Dr. Morten Karnuth, Munich Re

15min
Mitigation of natural disasters
Mr. Mike Barnes, McLarens Young Saudi Co. Ltd.

15min
From Business Interruption to Business continuity - Case Study
Mr. Ayman El Hout, Med Gulf

30min
Q&A
Chairman: Mr. Yassir Al Baharna, ARIG

11:45AM
Prayer time and Coffee Break


12:30 PM
Session 6: The Human Aspects of the Insurance Industry

15min
Developing People in emerging market
Mr. Paulo Machado, Mercer

15min
The IOB's Contribution towards Professionalism
Mr. Sadullah Khan, IOB

30min
Q&A
Chairman: Mr. Samy Al Ali, Al Ahlia

15min
Wrapping & Close of Days 1&2
Facilitator: Mr.Tal Nazer, BuPa Arabia

1:45 PM
Buffet Lunch