SIGMA
The Greek alphabet Σ is the mathematical symbol for SUMMATION, the addition of a set of similar elements. Similarly, our event SIGMA-The Corporate Summation is an attempt to bring together all corporates under one roof, thereby providing a platform for interaction amongst experts from all spheres, on financial and risk management subjects relating not just to insurance but also to banks, Information Technology and the financial services industry.
SPEAKERS
1. Dr. R Kannan(Actuary IRDA, President, Actuarial Society of India)
2. Ms. Hillevi Mannonen(President, International Actuarial Association)
3. Mr. Cathal Rabitte(Actuary, Swiss Re)
4. Mr. Sudipto Ghosh(Manager, KPMG)
5. Mr. SP Subedar (Senior Advisor, Prudential Asia)
6. Mr. Richard Kipp (MD, Milliman India)
7. Mr. Bagchi (AGM, Bank of Baroda)
8. Mr. GLN Sarma(Senior Actuary, Bharti Axa)
9. Mr. Mohan Bhatia (principal Consultant, Basel-II Practice)
NMIMS
Established in 1981, Narsee Monjee Institute of Management and Higher Studies is one of the premier B-Schools of India engaged in management education, training, consultancy & research. NMIMS offers high quality pedagogy, a world class curriculum and proactive industry-institute partnerships to ensure high academic standards as well as application oriented learning.
As NMIMS completes its silver jubilee, the past reflections illustrate twenty-five years of transcending horizons in management education. A journey, which started with management education, today encompasses research, consultancy and training. Keeping in step with times we have evolved as an institution, introducing several new programmes like the MBA Actuarial Science, which address specific industry needs.
The world is changing rapidly and with talent, the resources and capabilities available at NMIMS, we are confident of being able to meet the challenges of a dynamic environment. NMIMS University (Mumbai) will scale greater heights of success and prosperity in the years to come as we transcend new horizons every year.
As NMIMS completes its silver jubilee, the past reflections illustrate twenty-five years of transcending horizons in management education. A journey, which started with management education, today encompasses research, consultancy and training. Keeping in step with times we have evolved as an institution, introducing several new programmes like the MBA Actuarial Science, which address specific industry needs.
The world is changing rapidly and with talent, the resources and capabilities available at NMIMS, we are confident of being able to meet the challenges of a dynamic environment. NMIMS University (Mumbai) will scale greater heights of success and prosperity in the years to come as we transcend new horizons every year.
VENUE
Auditorium, Institute of Hotel Management
Veer Savarkar Marg,
Dadar (W), Mumbai - 400 028
Veer Savarkar Marg,
Dadar (W), Mumbai - 400 028
TOPICS
Actuaries in a Non-Actuarial World
Globalization was marked by an expansion in the roles of Actuaries who are referred to as financial architects or social mathematicians. Their skills are applicable in various fields of financial sectors which include not only the insurance sector, but encompass a large gamut of other fields which have long term financial consequences.
So, apart from applying their skills in the fields like Life insurance, Non-life insurance, Reinsurance, Healthcare, Calculation of retirement benefits, they use their expertise in the fields as diverse as Private and Public sector infrastructural projects, Oil and petroleum, Power and energy, Aviation, Risk departments in FMCG industries, IT, analytics, Banking and non banking Financial Institutions, Pension funds and Asset Management Companies. There is an increase in the demand for actuaries in the government, especially in developing financial services regulation.
The sunrise sectors of Indian business such as Oil & petroleum, real estate, energy and power are plagued with uncertainties. So, wide application of actuarial science exists in predicting the future risks in these sectors.
Actuaries can be involved in some of the most critical fields like forecasting of the economy and doing market research for equity, bonds and various other commodities. They are also experts in fields like equity valuation, making derivative pricing models, doing asset liability matching to mention a few.
Globalization was marked by an expansion in the roles of Actuaries who are referred to as financial architects or social mathematicians. Their skills are applicable in various fields of financial sectors which include not only the insurance sector, but encompass a large gamut of other fields which have long term financial consequences.
So, apart from applying their skills in the fields like Life insurance, Non-life insurance, Reinsurance, Healthcare, Calculation of retirement benefits, they use their expertise in the fields as diverse as Private and Public sector infrastructural projects, Oil and petroleum, Power and energy, Aviation, Risk departments in FMCG industries, IT, analytics, Banking and non banking Financial Institutions, Pension funds and Asset Management Companies. There is an increase in the demand for actuaries in the government, especially in developing financial services regulation.
The sunrise sectors of Indian business such as Oil & petroleum, real estate, energy and power are plagued with uncertainties. So, wide application of actuarial science exists in predicting the future risks in these sectors.
Actuaries can be involved in some of the most critical fields like forecasting of the economy and doing market research for equity, bonds and various other commodities. They are also experts in fields like equity valuation, making derivative pricing models, doing asset liability matching to mention a few.
The emerging roles of actuaries...
Analytics and Risk is a rapidly expanding area where actuarial methods meet banking and commercial needs by integrating large data sets and quantifying risks.
Actuaries serve as a backbone to the Insurance sector where they are most extensively utilized in the fields of Product Design, Pricing, Maintenance and modification. They are particularly used in the field of Life Insurance to calculate mortality rates and solvency testing. Actuaries are responsible for Designing of Pension Plans, Gratuity Assessment and Certification as well as Fund Management.
So, Actuaries are creating innovative solutions to the business problems in the emerging markets in India. Given that India is facing rapid change and development in the financial business, their number though at present miniscule, is set to increase. They apply their knowledge to real life financial problems involving future uncertainty. By applying their skills they help in planning better by resolving risk. Through their innovative services, they help us to navigate business challenges involving risk management. As financial problem solver, they analyze the past events, assess present risks and model in future and this allows improving the financial decision-making
Actuaries serve as a backbone to the Insurance sector where they are most extensively utilized in the fields of Product Design, Pricing, Maintenance and modification. They are particularly used in the field of Life Insurance to calculate mortality rates and solvency testing. Actuaries are responsible for Designing of Pension Plans, Gratuity Assessment and Certification as well as Fund Management.
So, Actuaries are creating innovative solutions to the business problems in the emerging markets in India. Given that India is facing rapid change and development in the financial business, their number though at present miniscule, is set to increase. They apply their knowledge to real life financial problems involving future uncertainty. By applying their skills they help in planning better by resolving risk. Through their innovative services, they help us to navigate business challenges involving risk management. As financial problem solver, they analyze the past events, assess present risks and model in future and this allows improving the financial decision-making
Risk…The Actuarial Way!
It is commonly observed that “what gets measured gets managed”. But historically many organisations assessed risk on a subjective or qualitative basis rather than by using quantitative disciplines.
Today, risk management has become core to good corporate governance. The understanding and management of risk using both quantitative and qualitative measures is increasingly recognised as a means of achieving success.
The actuarial profession had its origins in risk quantification. The traditional role of actuaries involved quantifying risk to set adequate insurance premiums. This role has developed over the years into providing high quality analysis for management
The actuarial profession is increasingly recognised as a guardian of the organisation’s risk appetite. Therefore the fast movers who employ this science to foresee the risk and the uncertainties of the future would probably get an unprecedented advantage
Therefore we bring to you SIGMA-CORPORATE SUMMATION 2007 to explore this practical science which we call as the first step towards a “PERFECT FUTURE”.
Today, risk management has become core to good corporate governance. The understanding and management of risk using both quantitative and qualitative measures is increasingly recognised as a means of achieving success.
The actuarial profession had its origins in risk quantification. The traditional role of actuaries involved quantifying risk to set adequate insurance premiums. This role has developed over the years into providing high quality analysis for management
The actuarial profession is increasingly recognised as a guardian of the organisation’s risk appetite. Therefore the fast movers who employ this science to foresee the risk and the uncertainties of the future would probably get an unprecedented advantage
Therefore we bring to you SIGMA-CORPORATE SUMMATION 2007 to explore this practical science which we call as the first step towards a “PERFECT FUTURE”.
CONTACT US
Email: nmims.sigma@gmail.com
Cell Numbers:
Abhinav Kumar - +91 9821139436
LINKS
Download Brochure, Registration and Sponsorship forms.
# posted by Actuarial Science @ 11:36 PM 
