About the Event
The first seminar in 2016 on Marine Risk Accumulation on Shore and at Sea under the 10th series of the Maritime Knowledge Shipping Session, co-organised by the Singapore Maritime Foundation (SMF) and the General Insurance Association of Singapore (GIA).
We are pleased to have had two industry experts to share their knowledge on the topic – Marine Risk Accumulation on Shore and at Sea. Through their presentations, participants gained a well-rounded understanding of the topic.
Mr. Peter W. Ulrich
Senior Vice President, Risk Management Solutions Inc
Peter is a Senior Vice President at RMS and has been with the firm for over 20 years. He is currently leading RMS’ initiative to build risk management models to assist the marine insurance industry in managing their global catastrophe risk from perils including wind, surge, flood, earthquake and terrorist attack.
Peter has previously led the development of a range of new RMS’ catastrophe models including terrorism risks, human casualties from earthquake and infectious disease, as well as longevity risk models. He has been active in the debate around the US government’s role in terrorism reinsurance and has testified in front of the House Finance-Homeland Security Terrorism Risk Assessment Subcommittee on the applications of terrorism models. He has also worked with the Congressional Budget Office and the Government Accountability Office to quantify the impact of potential TRIA extension options.
Peter has also consulted clients on projects such as the risk assessment from natural catastrophes to both P&C and L&H lines of business, reinsurance optimization, strategic capital allocation, global catastrophe management and loss cost generation.
Peter was from a B.S. in Accounting and Finance from the University of California at Berkeley, and has an MBA from the University of Southern California. He is a Certified Public Accountant and a Certified Management Accountant
Mr. William Pang
Director, Marine Claims Office of Asia Pte Ltd
William Pang was an Accountant with an international chemical and cleaning industry and he switched his profession to be an Average Adjuster. He has been practicing average adjusting for about 25 years. He also worked with an international adjusting firm as a Director before joining Marine Claims Office, Singapore, and is presently its Director and also Shareholder.
He has been involved in the development of Marine Claims Office, Singapore, and today it is a major average adjusting firm with a major business share of the markets not only in Singapore but also Malaysia, Thailand, Vietnam, and Australia. We are also handling marine claims for clients in Hong Kong, New Zealand, PNG, UK, Europe, India, Bangladesh, Japan, Philippines and China.
In addition to his adjusting role in Singapore, he is in charge of the overall operations of Marine Claims Office, Jakarta and he is also a part Owner there. Today, our Jakarta office is one of the major average adjusting firms in Indonesia and we have five (5) Adjusters working for us and soon we will be employing another Adjuster to handle the increase in our adjusting businesses there.
He is also involved in giving talks to the local Ship-owners, Ship-managers, Insurance Brokers and Underwriters on topics such as General Average, Salvage, Particular Average and Marine Claims in general, etc. He has also been giving similar talks to the Thai Ship-owners Association, Thai Ship-owners, Association of Insurance Brokers, Surabaya, and Jakarta Ship-owners.
Throughout his career in average adjusting, he has gained wide knowledge in handling complex General Average involving piracy, grounding and fire, etc. casualties, Particular Average, Collision and all types of marine hull claims for clients not only in Singapore, but also Japan, Thailand, Hong Kong, China and Indonesia.
For registration, please log on to: http://www.gia.org.sg/registration_form/reg_mkss.php
About the Organizer
Established in 1966, the General Insurance Association of Singapore (GIA) seeks to promote development of the general insurance sector and constantly works to make all aspects of general insurance easier and more effective for consumers, agents and insurers based in Singapore.
As a trade association, GIA is actively involved in the business community, representing the interests of member companies, and assists in identifying emerging trends and responds to issues affecting the industry.
The Singapore Maritime Foundation (SMF) was established on 27 January 2004 to facilitate dialogue and cooperation among maritime stakeholders from the public and private sectors. As the bridge between the public and private sectors, SMF aims to provide the industry with a clear and representative voice, and spearhead projects to boost its development.
SMF also organises and participates in a host of maritime events to strengthen the Maritime Singapore brand. To date, SMF has significantly benefitted from strong support from all sectors of the industry which has enabled the organisation to reach out directly to the community for new areas of work to improve the current maritime ecosystem.