LLC speaks on IFRS 4 Phase II development

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Insurance Industry Leader and Assurance Partner Lucy Lim-Chan (LLC) was the guest speaker at the Actuarial Society of the Philippines (ASP) first quarter membership meeting held last 14 March at the F1 Hotel Manila. LLC discussed the developments in Phase II of IFRS 4, Insurance Contracts, focusing on the five key changes in the 2013 Exposure Draft from the one in 2010. After her talk, LLC joined PNB Life Insurance, Inc. Chief Actuary Ian Nuqui and First Life Financial Chief Operating Officer Jaime Santiago in a reaction panel. SGV Financial Services Risk Management Partner Ian Lauron and Manager Cathy Laigo attended the ASP meeting. Cathy and fellow manager Jesus Santiago, Jr. assisted in the preparation of the presentation materials.

Insurance Commissioner Atty. Emmanuel Dooc and representatives from the Insurance Commission graced the event. ASP affiliates, associates and fellows from various insurance companies attended the meeting, including Former Insurance Commissioner Evangeline Escobillo, ASP President and Sunlife Chief Actuary Sachiko Pang, ASP Vice President and Mercer Philippines Retirement Business Leader Romeo Abada, and ASP Ex-Officio Member and Towers Watson Philippines Director for Consulting Services Romeo Carabeo.