Time of Event

Day 1: 09:30-17:35 India Standard Time
Day 2: 09:00-17:35 India Standard Time

Summary

Asia is one of the world’s fastest growing insurance markets and accounts for an increasing share of global insurance premiums and pension assets under management. However, insurance and retirement savings penetration in the region remains low, leaving many people unprotected against socioeconomic and demographic challenges. Greater development of insurance and private pension markets offers better risk diversification over time among stakeholders.

Cohosted by ADBI, the Organisation for Economic Co-operation and Development (OECD), and India’s Insurance Regulatory and Development Authority, this roundtable will explore recent insurance market and regulatory developments and reforms and emerging challenges in retirement savings and private pension systems. It will discuss the insurance sector's climate resilience efforts and adaptation models and how digital tools can improve the delivery of retirement savings and pension schemes.

The roundtable is an annual event organized as part of OECD Insurance and Private Pensions Committee and Working Party on Private Pensions work on insurance and private pensions to address policy interests and emerging issues in these markets as well as provide evidence-based policy recommendations.

Objectives
  • Address trends, challenges, and recent key developments in insurance, retirement savings, and private pensions markets in Asia
  • Identify factors that will affect policy and regulatory designs for strengthening insurance market and retirement savings schemes
  • Explore policy strategies for leveraging international reinsurance markets to reduce climate and disaster risks and mitigate ensuing insurance market disruptions
Target Participants
  • Senior government officials from Asian Development Bank member economies
  • Experts from international organizations, universities, think tanks, as well as practitioners in insurance and retirement and private savings markets
Output
  • Enhanced knowledge of insurance market and regulatory developments in Asia, particularly risks and opportunities facing insurers and private pensions and adaptation of business models
  • Identification of policy solutions pertaining to the implications of climate change for the insurance sector
  • More robust insurance networks among insurance sector stakeholders
  • Materials from the roundtable will be uploaded to the ADBI website
How to Register

By invitation or prior arrangement with ADBI

Partners
  • Organisation for Economic Co-operation and Development
  • Insurance Regulatory and Development Authority, India
Event Presentations*

Session 1a-1
Presenter: Var Vichea, Director of Licensing and Legal Affairs Department, Insurance Regulator of Cambodia

Slide

Session 1a-2
Presenter: Pujan Dhungel, Director, Policy and Human Resource, Nepal Insurance Authority

Slide

Session 1a-3
Presenter: Dao Trung Kien, Deputy Director, Viet Nam Insurance Development Institute (VIDI), Insurance Supervisory Authority

Slide

Session 1a-4
Presenter: Jun Kusumoto, Director for International Insurance Regulation, Financial Services Agency

Slide

Session 1b-1
Presenter: Aminath Irthiyasha, Head of Investment and Advisory Services, Maldives Pension Administration Office

Slide

Session 1b-2
Presenter: Achala Perera, Deputy Director, Department of Pensions, Ministry of Public Administration (Sri Lanka)

Slide

Session 1b-3
Presenter: Manoj Anand, Whole-Time Member (Finance), Pension Fund Regulatory and Development Authority (India)

Slide

Session 1b-4
Presenter: Li Yu, Government Functionary, Ministry of Human Resources and Social Security Commission (People's Republic of China)

Slide

Session 2a-1
Presenter: Manoj Pandey, Asia-Pacific Coordinator, V20 Sustainable Insurance Facility

Slide

Session 2a-2
Presenter: Elizabeth Kelleher Dwyer, Superintendent of Insurance, Insurance Division, Rhode Island Department of Business Regulation

Slide

Session 2a-3
Presenter: Conor Donaldson, CEO, Global Asia Insurance Initiative

Slide

Session 2a-4
Presenter: Tapan Singhel, Managing Director & CEO, Bajaj Allianz General Insurance (India)

Slide

Session 2b-1
Presenter: Leigh Wolfrom, Policy Analyst, Directorate for Financial and Enterprise Affairs, OECD

Slide

Session 2b-2
Presenter: Kiyoshi Fukuwatari, Executive Officer, Digital Business and Sustainability, Sompo Risk Management Inc. (Japan)

Slide

Session 3-1
Presenter: Shunsuke Takanabe, Deputy Director, Private Pension Division, Pension Bureau, Ministry of Health, Labour and Welfare (Japan)

Slide

Session 3-2
Presenter: Joy A. Villacorta, Vice President, Benefits Administration Division, Social Security System (Philippines)

Slide

Session 3-3
Presenter: Gautam Bhardwaj, Co-Founder, pinBox Solutions

Slide

Session 3-4
Presenter: Srikanya Yathip, Secretary General, Government Pension Fund (Thailand)

Slide

Session 3-5
Presenter: Onkar Sharma, Welfare Commissioner of India

Slide

Session 4-1
Presenter: Sam Underhill, Partner and Actuary, Barnett Waddingham (United Kingdom)

Slide

Session 4-2
Presenter: Fraser Stark, Longevity Retirement Platform, Purpose Investments Inc. (Canada)

Slide

Session 4-3
Presenter: Brnic Van Wyk, Head of Asset Liability Management, Australian Retirement Trust

Slide

Session 5a-1
Presenter: Michael Rasch, Executive Director, EDI and PensionsInfo, Insurance and Pension Denmark

Slide

Session 5a-2
Presenter: Cynthia Hui, Chief Operating Officer and Executive Director, Mandatory Provident Fund Schemes Authority (Hong Kong, China)

Slide

Session 5a-3
Presenter: Srikanya Yathip, Secretary General, Government Pension Fund (Thailand)

Slide

Session 5b-0
Presenter: Leigh Wolfrom, Policy Analyst, Directorate for Financial and Enterprise Affairs, OECD

Slide

Session 5b-2
Presenter: Novita Bachtiar, Deputy Director, Directorate of Digital Finance Innovation, Financial Services Authority (Indonesia)

Slide

Session 5b-3
Presenter: Ily Illahi, Manager, Financial Development and Innovation Department, Bank Negara Malaysia

Slide

*Disclaimer: The views expressed in these presentations are the views of the authors and do not necessarily reflect the views or policies of the Asian Development Bank Institute (ADBI), the Asian Development Bank (ADB), its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in these presentations and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms.

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