LIAM Strate­gic Plan­ning Meet­ing

Insurance - - CONTENTS -

Fol­low­ing the closed-door ses­sion chaired by YBhg Dato’ Muham­mad bin Ibrahim, Deputy Gov­er­nor of Bank Ne­gara Malaysia at the 5th Malaysia In­surance Sum­mit on 7 Oc­to­ber 2015, the in­surance and Taka­ful in­dus­try have been re­quested to study a num­ber of ini­tia­tives and put for­ward a pro­posal to Bank Ne­gara Malaysia.

In re­la­tion to this, LIAM had or­gan­ised a Strate­gic Plan­ning Meet­ing to dis­cuss on a topic, “Dig­i­tal Tech­nol­ogy in the In­surance In­dus­try” for about 35 in­dus­try’s cap­tains and se­nior man­age­ment of­fi­cials of LIAM, PIAM and MTA from 10 De­cem­ber – 12 De­cem­ber 2015 at the East­ern & Ori­en­tal Ho­tel, Pe­nang. The meet­ing was also at­tended by five of­fi­cials from Bank Ne­gara Malaysia headed by Di­rec­tor of Fi­nan­cial Sec­tor De­vel­op­ment, En Az­nan bin Abd Aziz.

A brain­storm­ing ses­sion was con­ducted on 11 De­cem­ber 2015 to dis­cuss how Bank Ne­gara Malaysia and in­surance com­pa­nies could de­velop en­abling mea­sures to sup­port a strong and vi­brant dig­i­tal en­vi­ron­ment for the in­surance and Taka­ful in­dus­try. The ses­sion was di­vided into two seg­ments i.e. pre­sen­ta­tion by speak­ers from 9am to 12.30pm and break-out group dis­cus­sion from 3pm to 5pm.

Two pro­fes­sional speak­ers from Tow­ers Wat­son and IDC Asia/ Pa­cific were in­vited to share their ex­pe­ri­ences and ex­per­tise with the par­tic­i­pants. Mr Ni­cholas Chen,

Head of Dig­i­tal So­lu­tions (Asi­a­pac), Tow­ers Wat­son shared a topic on “Cre­at­ing a Com­pet­i­tive Ad­van­tage through Dig­i­tal In­no­va­tions”. Mr Jon Krause, Vice Pres­i­dent (SE Asia) of Gart­ner Ex­ec­u­tive Pro­grams talked on “Dig­i­tal Busi­ness Mod­els That Rock the In­surance In­dus­try” and had also mod­er­ated the break-out group dis­cus­sion in the af­ter­noon.

LIAM’s Pres­i­dent, Mr Toi See Jong in his Wel­come Re­marks ex­pressed his ap­pre­ci­a­tion for the pres­ence of BNM’s of­fi­cials to­gether with in­dus­try’s cap­tains work­ing handin-hand to em­bark on a dig­i­tal trans­for­ma­tion to en­able the in­dus­try to stay rel­e­vant and pre­pare our­selves to face up­com­ing chal­lenges and threat in the in­dus­try.

A Group photo of the del­e­gates at the LIAM’s Strate­gic Plan­ning Meet­ing

LIAM’s Pres­i­dent, Mr Toi See Jong ad­dress­ing the del­e­gates at the brain­storm­ing ses­sion at the East­ern & Ori­en­tal Ho­tel, Pe­nang

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.