The SAS Health Committee actively engages fellow actuaries in Singapore in projects and conferences keep our members abreast of latest health developments locally and globally.
What We Do
The Committee's objectives and responsibilities
Organize SAS Health conference annually and SAS afternoon forum where members can benefit from health insurance expertise locally and globally
Draft responses to consultation papers, circulars, requests by the MAS, MOH, LIA, on health insurance matters in Singapore.
- Contribute to any debate, public or private, on health insurance issues, where appropriate, whether directly of through the Council. (e.g. 2019 Parliamentary Speech on CareShield Life).
Who We Are
Committee members for 2021/22
SHONG Kay Ying, Chair
Subhash CHANDRA, Deputy Chair
Noelle LEE Shu Shing, Secretary
LEONG Siao Wearn
LIM Tien Yung
Samuel LIM Geng Hong
Robin HU Ruo Bing
WONG Soon Leong
Joseph TOH Jun Lin
Benny LIM Tiong Wei
The actuarial approach to making healthcare sustainable
- reproduced with permission from the Asia Insurance Review
Despite rapid advancements in technology, healthcare costs have continued to increase at an alarming rate. At the Joint SAS-IAAHS Health Conference 2021, the brightest actuarial minds came together to talk about how this issue can be addressed, as well as other major trends currently shaping healthcare and insurance. Read more.
What We Are Working On
Workgroups convened in 2020/21
- Long Term Care (LTC) paper
The SAS Health Committee has put together a Long Term Care Insurance, summarising LTC systems in developed countries including Singapore and outlining the financing, pricing and risk considerations underneath.
- International Healthcare Funding Report
The SAS Health Committee contributed to International Healthcare Funding Report, jointly published by the International Actuarial Association Health Section (IAAHS), Society of Actuaries International Section and the American Academy of Actuaries Health Practice International Committee.
- SAS Universal Health Forum
We organized the first SAS virtual afternoon forum on 29 May 2020. The SAS Health Committee spoke on universal health system in Indonesia and Singapore and looked into peer-to-peer healthcare in China. The video recording and presentation deck can be found here.
- 2020 Virtual Health & Retirement Conference
We joined hands with SAS Retirement Committee to organize the first SAS virtual conference, Virtual Health & Retirement Conference, on 2-3 September 2020. The conference was well-attended by local and overseas health and retirement professionals on Zoom. Topics ranging from COVID-19, tele-health to investment fund strategies were covered. Click here.
- 2020 MediShield Life (MSHL) Review
The Ministry of Health (MoH) invited the SAS Health Committee and Retirement Committee to respond to Public Consultation on MSHL Review 2020 dated 29-Sep-2020.
The discussion paper sets out the comments from the Singapore Actuarial Society (SAS) in response to this consultation.
We are encouraged that our response to the MediShield Life (MSHL) 2020 public consultation was referenced by the Singapore Medical Association (SMA) in “SMA 61st Council Position Statement on Troubled Integrated Shield Plans (IPs)”, and also subsequently referenced by the Life Insurance Association (LIA) in its corresponding response. Please refer to our position statement here.
If you are interested to learn more about the above or contribute as a volunteer or speaker in health afternoon forum or conferences, please write to: email@example.com