Page 47 - Insurance Times JUNE 2022

and Micro-Insurance, Re-Insurance/ Research Division, Health Insurance Board
Beema Samiti
Mr. Bhoj Raj Sharma, C.E.O., Insurance Institute Nepal
Theme Two:The future of life and non-life Insurance: Limited
Exploring the risks, opportunities, and the challenges/
Dr. Rabindra Ghimire, Chairman, Nepal Re-Insurance
Health and Life Insurance - the drivers of future growth.
Company
Paper Presenter:
Webinar on Challenges & Opportunities of IFRS
Prof (Dr.) Abhijit K. Chattoraj, Dean -SWSS, Professor &
in Insurance Sector in India.
Chairperson, PGDM-IBM, Birla Institute of Management
Technology, Delhi, India On 6th May 2022, BIMTECH, in collaboration with the P.H.D.
Chamber of Commerce and Industry and Insurance
Panelists:
Foundation of India conducted a webinar on "Challenges &
Mr. Shubasish Barua, CERT CII (U.K.), Head of Impact
Opportunities of IFRS in Insurance Sector in India. Mr. Shrenik
Business, Green Delta Insurance Co. Ltd.
Baid, Partner, Accounting Services, Deloitte, made an
Mr. Chunky Chhetry, President, Nepal Insurer's incisive presentation on "Let us understand IFRS as read with
Association India AS in insurance sector in India. Mr. Simon Shau Ming
Dai, Partner Actuarial, Deloitte Hong Kong, shared his
Mr. Nirmal Kajee Shrestha, Chairman, Jeevan Bimak
insightful views on how the introduction of IFRS benefitted
Sangh
insurance companies worldwide. Ms. B. Padmaja, D.G.M. -
Theme Three: Digital technology impacting the Digital
F&E Department (Life), IRDAI, succinctly presented the
Insurance Business
Regulator perspective. CA C.S.Nanda, Co-Chair of BFSI
Paper Presenter: Committee, Institute of Chartered Accountants of India, was
Prof. Manoj K. Pandey, Associate Professor - Insurance & very forthright in sharing the viewpoints of ICAI.
Marketing, Course Coordinator - PGDM (Insurance) Ms. Bahroze Kamdin, Partner, Deloitte, beautifully
Program, Birla Institute of Management Technology, Delhi,
delineated the taxation impact of changes in the taxation
India standards.
Panelists: Following these insightful deliberations, Prof(Dr) Abhijit K.
Mr. Ajay Kumar Kanth, Ex-Head - Market Conduct, Aditya Chattoraj moderated a session with the theme 'Let us
Birla Financial Services discuss and come to conclusions. The panel discussion veered
around the challenges coming in the way of introducing IFRS
Theme Four: How corporates must prepare to align
in India. The panel unanimously agreed that India must
themselves to meet the changing risks through insurance
prepare for IFRS -17 despite manifold challenges. The
and risk management.
regulator and the industry have made the beginning in the
Paper Presenter: right direction.
Mr. Samiran Lahiri, Executive Director and C.E.O., Preferred
Earlier in the day, Mr.S.K. Sethi, Co-Chair, BFSI Committee,
Partners Insurance Brokers, India
P.H.D. Chamber of Commerce and Industry articulated the
Panelists: need for the webinar. Prof. Manoj Pandey, Associate
Mr. Vijaya Bahadur Shah, C.E.O., Himalayan General Professor, BIMTECH, played an important role in the
successful webinar.
Insurance
Mr. Laxmi Prasad Das, Chief Executive Officer, L.I.C. Queries on Personal Lines of Non-Life Insurance answered
Nepal onF.M. Radio by Prof. Pratik Priyadarshi on 18thMay 2022,
12 p.m. for its listeners. -102.6 FM Rainbow
Theme Five: Exploring the Talents for the Future
Paper Presenter:
Dr. Binod Atreya, Managing
Director, BFIN

Panelists:
Dr. Damodar Basaula, Executive
Director, Nepal Government
The Insurance Times, June 2022 47