Insurance News: ASM AGM and Dinner 2010

The Actuarial Society of Malaysia held its Annual General Meeting and Dinner yesterday in Hotel Impiana KLCC. The event was attended by close to 100 members, despite it being held on the eve of a long weekend.

The event started with 2 invited speakers delivering papers that were not technical, for a change. Sridharan Nair, a PwC auditor, presented the broad insurance outlook post Global Financial Crisis while Sophia Ch'ng shared her work experience in particular in areas related to her winning the YAMA award.

The AGM proper started more than 30 minutes after the scheduled time with various reports from Council members. An amendment to the ASM's Constitution to formally introduce the FASM (Fellow of Actuarial Society of Malaysia) designation was put to vote after lengthy discussions. It was resolved that a new FASM must be recommended by 2 existing FASMs and must fulfill 1-year related actuarial work experience locally within the 3 years preceding the application to become an FASM. The FASM must also be a Fellow of a recognised global actuarial body such as The Institute of Actuaries of Australia, The Institute of Actuaries in England, Society of Actuaries in the United States, Faculty of Actuaries in Scotland, the Canadian Institute of Actuaries and the Casualty Actuarial Society in the United States.

With the change in Constitution in 2008, yesterday also saw the election of ASM's first ever President Elect - Liew Pek Hin. Liew's existing Vice President position was in turned filled by Yap Chee Keong. Nicholas Yeo in turn was elected to fill the position vacated by Chee Keong.

The full list of ASM 2010-2011 Council:

President:	Patrick Cheah
President Elect:	Liew Pek Hin
Vice President:	Yap Chee Keong
Secretary:	Nor Aida Daud
Treasurer:	Azim Mithani
Committee Members:	Yoon Yew Khuen
	Chin Tze How
	Loh Sheng Chieh
	Nicholas Yeo