Highlights
October 2009
11th Singapore International reinsurance Conference
October 30th – November 2nd 2011, Sands Expo and Convention Center,
Marine Bay Sands, Singapore
“Asia’s Growth: Are We Capitalising On It?”
Industry Keynote Speaker: Dr Nikolaus von Bomhard, Chairman, Munich Re Board of Management
2011 hails the 11th Singapore International Reinsurance Conference, Singapore’s most important local industry conference and reinsurance rendezvous, which is held bi-annually and is co-sponsored by our Association and the Singapore Reinsurers Association.
This year’s event is expected to attract over 800 professionals from the insurance and reinsurance industry from over 40 countries spanning the full spectrum of skills represented in our global business.
The speakers for this 11th SIRC are some of the most celebrated names in the global industry, leading market figures and controversial critics.
We welcome all SIRC speakers and delegates and wish them a fruitful and enjoyable time in Singapore.
Richard Austen
Chairman,
Reinsurance Brokers’ Association of Singapore (June 2011)
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The Insurance Executive Scholarship Programme (IESP) Industry Initiative.
Over the years, RBAS has supported several industry initiatives to assist new school leavers and graduates in joining the reinsurance industry and most recently RBAS assisted in the IESP initiative that brought 40 new graduates into the industry at a time of financial crisis and uncertainty in 2009.
Below is an extract of a letter of thanks to the Chairman of RBAS from Mr Jeffrey Yeo, Technical Consultant for the Singapore College of Insurance who manage the programme:
“30 / 09 / 2009
Thank you for your support and participation in this inaugural intake of the Insurance Executive Scholarship Programme (IESP). As you may be aware, the formal 12-month work-study programme has commenced on 1 Sep 2009, with over 40 fresh university graduate trainees spending their mornings at SCI in classroom studies that lead toward the ACII professional qualification while the afternoons are spent at your office gaining practical work exposure.
Apart from the technical insurance knowledge that is covered as part of the formal classroom learning, special activities are also being planned to supplement the classroom learning; and to equip these graduates trainees with broader global and local industry perspectives as well as other essential personal and professional development skills. Some of the special activities organised to-date include a “Study Visit to the MAS”; a risk survey exercise conducted as part of a workshop on “Risk Surveying Fundamentals”; a talk by industry practitioners on “An Overview of the Financial Services and Insurance Landscape”; a luncheon talk by the CII and SII; as well as workshops on “The Art of Business Communication”; “The Value of Emotional Intelligence”; “Ethics & Competency: A Winning Equation”; and “The Purpose behind the Purpose.”
RBAS Contributions to IESP: 2009 and 2010
As part of our support for this programme, RBAS has donated S$ 5,000 per year to its members as an assistance allowance and to encourage its membership to take on new graduates into the IESP scheme. Consequently our Members welcomed this financial incentive and fully supported the IESP initiative. Each of our members now regularly accepts graduates from this and other SCI schemes.
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Looking back to 2010
2010 Our Association celebrated its 15th anniversary:
To celebrate this important milestone, the association hosted a golf day at the Singapore Island Country Club – “The Old Course”, which is one of the oldest courses in Singapore dating back over 100 years.
The day was sunny and dry and enjoyed by over 60 industry players. RBAS was generously supported by many industry sponsors who donated balls, hats and cash prizes.
That evening after golf, the guests gathered for a Chinese fine dining experience at the SICC also hosted by RBAS. During the dinner and prize giving, donations and pledges were chopped on mock reinsurance contracts by the diners to our Charity for the day which was ‘St Andrews Austism Centre Singapore’. The diners generously assisted RBAS to raise the magnificent sum of S$ 7,200 which was gratefully received by St Andrews.
With great thanks to the RBAS golf organising committee and industry sponsors an excellent day was had by all. – so much so we are going to do it again!
Looking ahead to 2011
Some items from RBAS AGM held on May 31st 2011:
The following officials were elected:
Chairman: Richard Austen.
Deputy Chairman: Neil Mathison.
Secretary: Alloysius Heng.
Treasurer: Richard Jones.
RBAS will contribute to an industry working committee responding to a request from the MAS to develop guidelines for improved ‘contract certainty’ within the Singapore insurance industry.
RBAS executive and members will continue to support IESP 2011. A review of the 2011 program will be undertaken.
RBAS will hold a golf day for industry members, earmarked for early September 2011.
RBAS will contribute to the SIRC via sponsorship of one bilateral meeting table per registered member as at 31.5.11
