The insurance industry today is marked by change - consolidation, demutualization, and a strong trend toward specialization. Competition among insurers has intensified, and improving financial performance is of paramount importance.
At the same time, scrutiny from outside constituencies - financial analysts, regulators, and policyholder interest groups - has amplified the demand for information and analysis.
This environment demands best practices in all aspects of insurance company operations - financial management, product development, information systems, and client services.
Join Li-May Chew of Asia/Pacific Financial Insights, as she identifies the top ten strategic initiatives for the Asian insurance industry for the 12 months going ahead. These focus on the four central themes centering around sourcing and integration, channel management, emerging technologies, and risk and compliance.
This session will also share findings from a survey of senior insurance executives conducted recently in Singapore, elucidating their IT spending growth plans and identifying specific arenas for these expansions. Ensuing sessions will cover how institutions can drive profitable growth through rolling re-forecasts and driver-based planning, and how best to harness the power of information to generate profitable information and leapfrog competition.
Organized by S & I Systems, Business Objects and IBM, this conference will give attendees an insight into the strategies progressive insurers of today should adopt in their planning agendas.
This conference is complimentary for all insurance industry practitioners only.
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Li-May Chew, CFA, Financial Insights A/P
Li-May Chew is a Senior Manager for Financial Insights Asia/Pacific, specializing in the latest trends impacting the Asian Capital Markets, Risk Management and Insurance space, and how these affect the strategies, business operations and technology infrastructure of the related financial institutions. She covers topics ranging from algorithmic trading for the buy and sell-side institutions, to the risk management implications of Basel II, to coverage on core applications investment for Insurers.
Prior to joining Financial Insights, Chew was an analyst, assisting banks and vendors on their research, analytics, and information needs to develop their own strategies in the industry. Before that, she worked as an equity analyst at Credit Agricoles Indosuez W.I. Carr. and in audit at KPMG.
Chew has a professional affiliation with the Association for Investment Management and Research (AIMR) and is a member of the Singapore Society of Financial Analysts (SSFA).
Richard Barrett, Director of Enterprise Performance Management Marketing (EMEA), Business Objects
Driving Profitable Growth through Advance Analytics
Richard Barrett is Director of Enterprise Performance Management marketing for Business Objects in EMEA. In 2000, he joined ALG Software, a leading provider of software for driver-based approaches to budgeting, which became part of Business Objects in 2006. He regularly speaks at performance management events and presents a course of driver-based budgeting for the Chartered Institute of Management Accountants (UK).
Addressing Financial Insight’s Top 10 strategic initiatives on utilizing advanced analytics to drive the insurance market to make better business decision, Richard Barret will share how Insurers can use rolling forecasts, driver based planning, driver-based budgeting and scenarios as part of their short term planning and budgeting processes.
This session reviews an overall integrated strategic and tactical planning process, typical challenges faced in budgeting, planning, forecasting and analysis, the role of applications software and technologies and leading practices used in these processes including: driver based planning and budgeting, rolling forecasts and what-if scenarios. Case studies describing before and after processes and the value obtained through implementation of leading practices will be included.
Bhalaji P Raghavan, is the Financial Services Industry Solution Executive for IBM ASEAN/South Asia based out of Singapore. In this role, he is responsible for overseeing the IBM Software solutions provided to IBM's Financial Sector clients across region. Bhalaji has 15 years of industry experience in the Financial Industry across Asia Pacific and Europe, holding senior management roles in different areas of banking and finance such as Operations, Technology, Finance, Compliance & Control, Risk Management and Treasury / Investment Banking. He has worked with the Asia Pacific markets for over twelve years, six of which as Finance & Banking solution consultant within the IT industry. He has a dual degree in Metallurgical Engineering and Business Administration.
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