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Looking for an insurance insider
10-08-2017, 03:39 PM, (This post was last modified: 10-08-2017, 03:51 PM by tanjm.)
Post: #1
Looking for an insurance insider
Dear all, 

Long shot perhaps, but I'm going to try it in this forum. I figure there may be an insurance professional (NOT sales) in this forum. Please do PM me if some of the items below are within your expertise without guesswork or opinions. Please do not PM me otherwise. Appreciate it.

This is an open call for someone who works in the Insurance industry, preferably as an actuarial, but also possibly as a compliance person. I would like to have a chat with the person. If that person cannot represent his company or industry but can do so for deep background (i.e. anonymously), I would appreciate it. I'm doing this as part of a serious effort to do some good for long term care financing in Singapore. There is no pecuniary benefit for me. I have a connection to a non profit that may be able to put my proposal to some use.

I'm looking into suggestions for the reform of ElderShield. Principally, I'd like to look at how we can incentivize insurance companies to participate in the long term care (LTC) insurance market. The idea is to gain a classic win-win for the public/private sector and consumers. Without going into it in detail, I'm looking at

[this is both a compliance and actuarial question]
- With trends in life span and increasing health, how insurance companies can fairly gain some of the benefits of increasing life span and health over the very long term (i.e. paying out less), while keeping premiums fair. 

[ this is an actuarial or risk manager question]
- Products like life insurance, annuities are directly longevity risk related. But health insurance, critical illness insurance and LTC care insurance are also indirectly longevity risk related (they are after all correlated with longevity). I would like to know if there is a benefit to managing longevity risk from a deep pool of longevity linked assets. It depends on how holistic or advanced longevity risk management is in this field.

[this is a compliance or business question]
- what kind of non insurance products are insurance companies allowed (by statutory regulation) to get into. Specifically, are they allowed to offer consumer loans (and under what conditions), or own firms that offer long term care services.

I actually have some very specific ideas. I'm basically looking to run the ideas against someone who can put it through a professional filter on the insurer's side of things. That's why I can simply take the feedback on deep background without quoting source. But if you want attribution, I can also do so!

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10-08-2017, 03:49 PM,
Post: #2
RE: Looking for an insurance insider
Why don't you look to Tan Kin Lian. If he cannot help you, he should be able to link you to someone who can.

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10-08-2017, 06:25 PM,
Post: #3
RE: Looking for an insurance insider
Throwing one more name into the bowl - Leong Sze Hian.

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