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How Information and Technology Shape Financial Sector? A Little Insight From Actuary Hermawan Adi Budyanto.

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Presentation on theme: "How Information and Technology Shape Financial Sector? A Little Insight From Actuary Hermawan Adi Budyanto."— Presentation transcript:

1 How Information and Technology Shape Financial Sector? A Little Insight From Actuary Hermawan Adi Budyanto

2 Riwayat Pendidikan Matematika, Institut Teknologi Bandung, Associates of Society Actuaries of Indonesia, Riwayat 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 Now

3 What P&C Insurance do you buy ?

4 What P&C Insurance do you buy (2) ? Home Contents Personal Accident Travel Motor Health Property

5 2. Motor – Profit / Risk Drivers The Ferrari Case

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

7 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.

8 The Role of Actuary in General Insurance Claim Reserving Product Pricing Capital Modeling

9 Case: Estimation of Catastrophes Reserves Billion IDR Billion IDR 9.28 Billion IDR 191 Billion IDR EQ followed Tsunami in Aceh, 2004 EQ in Jogjakarta, 2006 EQ in Bengkulu, 2007 EQ in Padang, 2009

10 Run-off Triangle & Monte Carlo Simulation

11 Estimation of Outstanding Claim Liabilities Reserve 4882 Billion 3058 Billion 1534 Billion 656 Billion

12 Preparing for you career

13 TERIMA KASIH


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