Yes it does.
Conflagration is a Wizard passive skill, which causes fire damage to set enemies ablaze, increasing their damage taken for a short period of time.
And Temporal Flux is a Wizard passive skill, which adds a slowing effect to enemies the Wizard hits for Arcane spell damage.
Fire damage dealt to enemies applies a burning effect, increasing all damage done to them by 10% for 3 seconds.
Whenever you deal Arcane damage, enemies are slowed by 30% for 2 seconds.