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

  • Hitesh SHAH

  • LEONG Siao Wearn

  • LIM Tien Yung

  • Samuel LIM Geng Hong

  • Robin HU Ruo Bing

  • NG Yijun

  • WONG Soon Leong

  • Lydia WILLIAMSON

  • Joseph TOH Jun Lin

  • Julia ASLETT

  • Keerti SETHIA

  • Benny LIM Tiong Wei

 

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.

  • 2021 Joint SAS-IAAHS Health Conference

We are jointly organizing a 2-day joint health conference with the International Actuarial Association Health Section (IAAHS) on 20-21 September 2021. 

The theme of the 2021 Joint SAS-IAAHS Health Conference is Augmented Actuary: Think Global, Act Local. The Conference, jointly organised by the two actuarial bodies, will address topics such as managing healthcare cost, making healthcare affordable and preparing healthcare for the future in light of the pandemic.

The two-day conference will be a hybrid of physical and online discussion to be held at Singapore time. 

You can also find out more about the conference 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: health@actuaries.org.sg