Raymond Cheung, B. Bus (Hon), AIA, ASAS


A. Overview of Experience and Expertise

Over 15 years of corporate experience as a general insurance pricing and reserving actuary, credit rating specialist, chief risk officer and group compliance officer in the insurance industry. Independent actuarial, risk and compliance consultant since 2014 on advisory and training services for financial institutions and small-medium enterprises (SMEs) in Asia

B. Academic Qualifications and Professional Associations

  • Associate of Institute & Faculty of Actuaries UK (AIA); Associate of Singapore Actuarial Society (ASAS); B.Bus (Hon.)
  • Risk Board member of Institute & Faculty of Actuaries UK
  • Honorary Secretary and Executive Council (EXCO) member of Singapore Actuarial Society
  • Chairman of Risk-Based Capital 2 (RBC2) Taskforce with Singapore Actuarial Society
  • Chairman of Enterprise Risk Management (ERM) Committee with Singapore Actuarial Society
  • Chairman of Own Risk & Solvency Assessment (ORSA) working party; Adviser of Operational Risk working party
  • Executive Committee Member of Actuarial Consulting Congress of Asia
  • Member of Risk & Insurance Management Association of Singapore (RIMAS)

C. Corporate Positions

  • Chief Risk Officer & Group Head of Compliance, Asia Capital Reinsurance Group
    Leadership and oversight of Enterprise Risk Management and Group Compliance function
  • Chief Risk Officer, AIG Asia Pacific Insurance
  • Implementation of Enterprise risk management solutions with direct reporting line to the Board Risk Committee
  • Associate Director, Standard & Poor’s
  • Financial Institutions Ratings undertaking credit analysis on insurance companies within Asia
  • Head of Actuarial & Pricing, Overseas Assurance Corporation (OAC) Insurance
  • Product pricing and strategy, portfolio review and quantitative analysis for insurance products
  • Regional Actuarial Pricing Manager, MSIG Holdings Asia
  • Actuarial pricing with premium rating model and product development for 5 APAC countries
  • Actuarial Analyst, Watson Wyatt (now called Willis Towers Watson) Insurance Consulting
  • Actuarial reserving, pricing, financial modelling, merger & acquisition and training for insurance companies within Asia

D. Commercial Businesses

  • Partner, 3E Advisory & Training Co., Ltd
  • Independent Consultant and Director
  • Provide risk, compliance & actuarial advisory and training services to financial institutions & small-medium size enterprises (SMEs)
  • Consulting service on Financial Advisory License Application in Singapore
  • Internal control and assurance review for a fund management company
  • Anti-Money Laundering & Corporate Governance Training for fund managers, accountants & corporate service providers
  • Balanced Scorecard Framework rollout for Bursa-listed healthcare & e-government software provider in Malaysia
  • Contract service on governance, business planning and operational processes for an independent financial advisory firm
  • Advisory and training on risk-based capital strategy for a Multinational Reinsurance Company in Hong Kong

E. Other Information

  • Board member of Brighton Student Care Centre; Trustee of Brighton Community Church
  • Member of ASEAN Actuarial Talent Working Committee, a sub-committee of ASEAN Insurance Council
  • Finalist of Asia Insurance Review Risk Manager of the Year Award, 2013
  • Certified Credit Ratings Analyst with Standard & Poor’s

Training and Teaching

  • Lecturer and Examiner on Advanced Diploma Risk Management course with Singapore College of Insurance
  • Accredited Trainer on Corporate Risk Management for ASEAN School for Young Insurance Managers (AYIM) programme
  • Trainer for “Practical Understanding of RBC2 Framework” in Singapore (2 days for Life insurers and 2 days for General insurers)
  • Lecturer on ERM for Global Internship Program (GIP) with General Insurance Association of Singapore
  • Keynote Lecturer on Risk Management at International Insurance Talent Development Program with Taiwan Insurance Institute
  • Trainer and Facilitator of Practice Certificate Seminar for Appointed Actuaries & CROs on Singapore regulatory framework
  • Trainer for Implementation of Balanced Scorecard Framework for Life Insurance and Family Takaful Industry in Malaysia
  • Trainer for Fundamentals of Anti-Money Laundering / Countering the Financing of Terrorism
  • Trainer and Facilitator of workshop on Risk Culture & Human Behaviour to 80 delegates at ERM Conference