This half day workshop assumes the concepts from the first workshop, fundamentals of IFRS17 are understood. Participants are assumed to have a working knowledge of IFRS17 but non-actuaries are welcome and should be able to follow along.  Concepts will be shown through hands on working through examples and issues.

By the end of the workshop participants will have created spreadsheets with working IFRS17 concepts.  This is meant for participants in the life insurance field

As this is a hands on workshop, participants will be required to bring a laptop in order to participate in the exercises.




Introduction and Overview of IFRS17

How it affects the local insurance industry


Local Perspectives:

  • Statutory reserving vs. IFRS17

  • Challenges of using statutory PRAD as risk margin

  • Statutory surplus vs. IFRS17 profit

  • Using CSM to your advantage:- feel the pain now or later?


10:30am – COFFEE BREAK


IFRS17 on Life Insurance

A review of key products sold in the past and existing products that would need to be considered. A look at the expected impact on insurer’s revenue and profits at transition.


Hands on Session: Participating Plans

Regular premium asset share style par endowment product: Participants will put together fulfillment cash flow and CSM for the plan. This will be a facilitated session


Hands on Session: Unit Linked

Participants will put together fulfillment cash flows and CSM for a representative unit linked plan. This will be a facilitated session


Implementation issues and game plan



Early Bird Rate: MYR 945 (valid until 5 April 2018)

Normal Rate: MYR 1,745

(All rates stated are not inclusive of GST)

Registration Closing Date: 16 April 2018




Zainal Kassim, FIA

Actuary and Senior Partner, Actuarial Partners Consulting

Zainal is a Fellow of the Institute of Actuaries, UK. He has extensive experience spanning over 30 years covering the full spectrum of actuarial services including takaful, conventional life and general insurance, pensions and investment.


He has had experience in a number of countries including Malaysia, Indonesia, Thailand, Singapore, Brunei, Taiwan and countries in the Middle East.


He represents the Malaysian Accounting Board in the IAS 19 working commitee at the International Accounting Standard Board in London.


He has presented on pension, social security and takaful in many conferences locally and overseas and has contributed many articles in journals and books on issues relating to pensions and takaful.

Hassan Scott Odierno, FSA

Actuary and Partner, Actuarial Partners Consulting

Hassan Scott Odierno is an American who has been a partner with Actuarial Partners Consulting in Malaysia and involved in insurance consulting and Risk Based Capital (RBC) since 1996.


His role as appointed actuary to insurers in countries such as Malaysia, Sri Lanka, Kenya, Brunei and Mauritius has allowed him to understand the challenges of taking RBC regulations from the developed world.


He is a co-author of the World Bank book Takaful and Mutual Insurance, co-author of the book Essential Guide to Takaful and a contributing author to the books Actuaries in Microinsurance and Health Insurance in Asia. He is also the external advisor to two universities in Malaysia to their risk management and actuarial science programs.


Hassan is a Fellow of the Society of Actuaries, and has a Bachelor of Science degree with high distinction in Mathematics from Worcester Polytechnic Institute in the USA.


Joanne Law, FIA

Actuary and Principal, Actuarial Partners Consulting

Joanne graduated from the University of Melbourne, Australia in 2003 with a Bachelor of Commerce Degree (Actuarial Science). She is a Fellow of the Institute of Actuaries in the United Kingdom and has close to 10 years of experience in consultancy and insurance.

Joanne has significant actuarial experience on product design, pricing and valuation for several conventional and takaful companies. She was involved in a wide range of actuarial consulting works such as statutory valuations, FCR, Embedded Value, mergers and acquisitions, ICAAP and product pricing works.

Joanne previously worked in the U.K. where she was the Solvency II Actuary in Friends Life and was involved in developing the Solvency Capital Requirement (SCR) model for the company.

She also worked for Deloitte UK for 3 years, where she worked on various assignments such as a large scale Finance Transformation Programme for Aviva UK, actuarial review works, unit pricing calculations, mergers and acquisitions, Market Consistent Embedded Value, Realistic Balance Sheet reporting, Individual Capital Assessments and various aspect of Solvency II work.

Led by Experienced Practitioner with 30 Years Experience

Practical & Relevant

Hands-on Interactive Exercises

Case Studies

Networking Opportunity with Fellow Professionals

Who Should Attend

  • Actuaries

  • Middle to Senior Level Actuarial Executives

  • Regulators

  • Researchers

In-house Training

If you are looking for an in-house training program, kindly send your request of proposal to

Registration is on a first come first serve basis. The capacity of this workshop is 24 participants. We will issue an invoice upon receipt of your registration form and payment shall be due before the workshop. We shall reserve the right to decline entry for registered but unpaid participants. Should the workshop be cancelled for any unforeseen circumstances, we shall endeavor to reschedule the workshop or refund the workshop fees. Registration fee includes participation in the workshop plus all tea breaks, lunches and workshop documents. For cancellation in writing made at least 5 working days before the closing registration date, the workshop fees may be refunded or the entire amount may be used as credit for any future learn@AP events. Substitutes may be nominated.


M Khairul Izad
+603-21610433 ext 240