Agenda Day One
Event Home | Agenda | Attendees | CPD | Hotel | Presenters and Moderator | Sponsorship | Topics | Registration
Wednesday, June 28 |
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11:00 p.m. – 11:00 p.m.
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Thursday, June 29 |
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7:00 a.m. – 8:00 a.m.
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8:00 a.m. – 8:10 a.m.
Presenter(s): Mike Lombardi, President-Elect, SOA Session Coordinator(s) Facilitator(s) |
8:10 a.m. – 9:10 a.m.
Presenter(s): Songcheng Sheng, Former Head of Statistics and Survey Department, The People’s Bank of China This session will discuss the stages of China's Economic Development and the expansion of insurance, including:
Session Coordinator(s) Facilitator(s) |
9:40 a.m. – 10:40 a.m.
Presenter(s): Yulong Zhao, Director General of Finance and Accounting Solvency Department, China Insurance Regulatory Commission In 2016, the China Risk Oriented Solvency System (C-ROSS) was officially implemented. This marked the completion of the main construction of the second generation of China's solvency system. One year later, C-ROSS phase II was launched. Priorities of phase II cover three main areas:
Session Coordinator(s) Facilitator(s) |
10:40 a.m. – 11:30 a.m.
Presenter(s): Huiyong Li, Managing Director and Chief Macro Analyst, Shenyin Wanguo Futures Co., Ltd. The presenter will share his opinion on the major and minor cycle of the global and China economy. He believes that the recovery of the major cycle depends on the resonance of politics between China and the United States, as well as reform. As the minor cycle is V-type, the weak recovery depends on policy and price increase. The liquidity regulation and the growth advance together. The economic cycle is stabilizing, monetary policy is tightening the margin and the importance of the regulation is increasing. But the increase of the economy is critical to risk controlling.Session Coordinator(s) Facilitator(s) |
11:30 a.m. – 12:30 p.m.
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12:30 p.m. – 1:15 p.m.
Presentation(s): View Presentation Presenter(s): Lin Du, Deputy Director, Fund Regulatory Supervisory Division of Insurance Fund Management Regulatory Department, CIRC The presenter will analyze the necessity and urgency of improving the supervision system of insurance asset-liability management under China's insurance market environment. This session will introduce the supervision system, including the progress, basic framework, main content and the arrangements for the next stage. The general idea of the supervision system is to distinguish property and casualty and life insurance companies, then respectively define the rules of qualitative and quantitative assessment under the guidance of Measures for the Supervision of Insurance Asset Liability Management . It has a comprehensive assessment on the asset-liability matching and management of insurance companies from dimensions including long-term economic value, mid-term profitability, short-term liquidity and the bottom line of solvency. Based on the assessment result, it applies differentiated supervision to establish a mechanism that coordinates regulations on products, fund applications and solvency.
Session Coordinator(s) Facilitator(s) Presentation(s): View Presentation - English View Presentation - Chinese Presenter(s): Xiaobin Yuan, FSA Partner, PwC In this session, the presenter will make a brief introduction to IFRS 17, as well as discuss the potential impact of IFRS 17 to the financial statements and operations of insurers. He will also cover the interaction between IFRS 9 and IFRS 17. This session will present the fundamental changes introduced by IFRS 17 in areas such as measurement models, as well as discuss how results could be effected due to the complexity of the transition. It is very important for the insurers to understand the implications of IFRS 17 on their financial statements, operations, and even their strategy, in order to better prepare and make the transition efficient in an effective way. This could be a challenge to all insurers, but is also a good opportunity to improve the capability of financial management and operations.Session Coordinator(s) Facilitator(s) |
1:15 p.m. – 2:00 p.m.
Moderator(s): Ling Guan, Senior Executive, Funde Insurance Holding Co. LTD Session Coordinator(s) Facilitator(s) Moderator(s): Zhikang Yan, Chief Operating Officer, Deputy Chief Actuary, Taiping Life Session Coordinator(s) Facilitator(s) Presentation(s): View Presentation Presenter(s): Xiaodong Yu, General Manager of Risk Management Department and CRO of Insurance Group, Fosun Group
Session Coordinator(s) Facilitator(s) Presentation(s): View Presentation Presenter(s): Jackson Chen, General Manager of Actuarial Department, CPIC Allianz Health Insurance
Highlight IFRS 17 proceeding and content summary Discuss key technical issues of IFRS, interaction with IFRS 9, operating issues and more. Illustrate IFRS 17 implementation and solutions, including the time table, human resource input, actuarial modeling optimization, system and process improvement and more. Presenters will also introduce the CPIC group implementation framework for IFRS. Session Coordinator(s) Facilitator(s) |
2:00 p.m. – 2:30 p.m.
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2:30 p.m. – 3:15 p.m.
Presentation(s): View Presentation Presenter(s): Chua Tuan Miang , Regional General Manager, Gen Re Life/Health Asia; Flora Shao, Chief Pricing Actuary, Gen Re Life/Health China
Session Coordinator(s) Facilitator(s) Presentation(s): View Presentations Presenter(s): Wenli Su, Assistant President, Sunshine Insurance Group
This session will introduce the definition, history and current status of block chain as well as the necessities of its development. Presenters will illustrate the significant roles, unique features, and future prospects of block chain's application in an insurance company's operation. Experts will demonstrate what roles actuaries play and how actuarial techniques can be optimized in block chain development. This session will discuss the implementation process, as well as the remarkable achievements of block chain's application in Sunshine Insurance Group. Session Coordinator(s) Facilitator(s) |
3:15 p.m. – 4:00 p.m.
Moderator(s): Xu Zeng, Chief Actuary, CCB Life Session Coordinator(s) Facilitator(s) Moderator(s): Sharon Huang, Director and Consulting Actuary, Milliman Session Coordinator(s) Facilitator(s) Session Coordinator(s) Facilitator(s) Presentation(s): View Presentation Presenter(s): Henry Hu, Chief Actuary, Aviva-Cofco Life In recent years, the domestic insurance brokerage channel has witnessed significant breakthroughs. As a company with multi-channel development strategy, Aviva-Cofco Life also faces the challenge of channel conflicts in the rapid growth of both individual and brokerage channels. The presenter will share Aviva-Cofco's experiences, lessons learnt, gains and losses in product development in response to channel conflict, and introduce some of the practices of foreign markets for reference.Session Coordinator(s) Facilitator(s) Presentation(s): View Presentation Presenter(s): Hai Bi, FSA CEO, Haola Tech Due to the development of mobile internet, Chinese insurers now have a variety of valuable ways to collect and use customers' health data. The speaker will share his experience in heath data application in the following fields:
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4:00 p.m. – 5:30 p.m.
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