How Information and Technology Shape Financial Sector?

A Little Insight From Actuary

Hermawan Adi Budyanto

Hermawan Adi Budyanto

Riwayat Pendidikan Matematika, Institut Teknologi Bandung, 2008-2013 Associates of Society Actuaries of Indonesia, 2010-2012Riwayat Pekerjaan : Intern Actuarial and MIS, PT Allianz Utama Indonesia,

December 2011 – February 2012 Researcher, PT Asuransi Maipark Indonesia, June 2012 Actuarial Executive , PT Asuransi AXA Indonesia,

January 2013 - Now

What P&C Insurance do you buy ?

What P&C Insurance do you buy (2) ?

Home Contents

Personal Accident Travel

Motor

Health

Property

2. Motor – Profit / Risk DriversThe Ferrari Case

2. Insuring Natural Catastrophes – Profit / Risk Drivers - The 2011 Thai Flood Business Interuption

What is an Actuary?

Actuaries use mathematics, statistics and financial theory to study uncertain future events, especially those of concern to insurance and pension program

An actuary is a business professional who analyzes the financial consequences of risk.

The Role of Actuary in General Insurance

Claim Reserving

Product Pricing

Capital Modeling

Case: Estimation of Catastrophes Reserves

11.78 Billion IDR31.61 Billion IDR

9.28 Billion IDR 191 Billion IDR

EQ followed Tsunami in Aceh, 2004 EQ in Jogjakarta, 2006

EQ in Bengkulu, 2007EQ in Padang, 2009

Run-off Triangle & Monte Carlo Simulation

Estimation of Outstanding Claim Liabilities Reserve

4882 Billion 3058 Billion 1534 Billion 656 Billion

Preparing for you career

TERIMA KASIH