Agenda

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Presenter(s): Wesley Cui, FSA, FCAA, General Manager, Greater China, Pacific Life Re

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Presenter(s): Jiang Tao, FSA, FCAA, Vice President, China Life Insurance (Overseas) Company Limited

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Presenter(s): Qiao Ning, Marketing Director and Assistant General Manager of Taiping Financial Technology

Business activities are the center of Taiping Life, making the operations management department responsible for service and management. Taiping Life explored how to promote changes in customer touch points, cost efficiency, and risk management through intelligent, automated and digital applications. These touchpoints create convenient and friendly service to customers and improve operational efficiency. At the same time, in terms of the technological operations’ development trend, intellectualization has become the main direction. The mobile platform and self-service counters are widely promoted and used, enabling the operation to gradually move from the backstage to the front and become the provider of internal and external services.  

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Presenter(s): Yang Haisong, CTO of Tencent Wesure

WeSure, owned by Tencent, is based on Tencent's ecosystem to create the Internet insurance platform, which is accessible to everyone. Carrying Tencent's ability and resources across the Internet, WeSure joins hands with insurance companies to create user value and achieve a win-win scenario in the industry. WeSure fully integrates Tencent's Big Data and technology platform to form the strongest synergy, serve the insurance industry, take advantage of the Internet and create more user value with technology-enabled insurance products.

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Presenter(s): Aloysius Lim, Heads the Data Analytics team in Gen Re Life Australia

This presentation will present the wider picture to predictive analytics. This session will provide the audience with some thoughts on how to improve processes for more efficient, effective, and meaningful analysis. Discussion will mainly be in the context of insurance business for actuarial work. Practical issues faced when using predictive analytics will be discussed. These may relate to data requirements, data systems, common actuarial work requirements, analytics techniques and other aspects of predictive analytics. Best practices in the processes will also be discussed.

 

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Presenter(s): Sharon Huang, Director and Consulting Actuary, Milliman

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Presenter(s): Zheng Yi, CMO of Ping An Healthcare Management Co., Ltd

In the information revolution era of big data and artificial intelligence, it’s essential to build health prescriptive analytics and predictive modeling based on multi-dimensional health data. This capability combined with corresponding intervention allows population health management to be conducted efficiently. A series of predictive models were built to predict future health risk, medical expenditures and disease progression. By matching risk management intervention programs, medical resource utilization has been successfully optimized and medical cost of chronic disease population have been decreased  within our pilot management program.

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Presentation(s): View Presentation

Presenter(s): Nicolas Hebrant, Chief Technical Officer and Chief Data Officer at AXA Direct Korea

This session will be based on how AXA Korea applies machine learning technology. In the technical field, AXA Korea uses Machine Learning techniques to compute the expected loss ratio of quotations for motor proposals, in real time. The goal is to estimate the profitability of contracts at the time of underwriting. The use of Machine Learning has improved traditional forecasting techniques (GLM models) in terms of model updates’ speed and accuracy. The next stage, under implementation, is to combine several models to estimate customer value; the total value of a customer based on their existing contracts, and their expected future contracts, based on cross-selling models. The goal is to base the underwriting on the total expected value of a customer over several years, instead of short-term profitability of a unique contract. The concept of customer value, once validated, will be used widely for customer targeting, sales representatives remuneration and portfolio profitability control.

 

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Presentation(s): View Presentation

Presenter(s): Travis M Short, Global Data Innovation Head of Pacific Life Re

How do companies and actuaries supplement current skills and talent across teams to address predictive analytics into the future? This session will cover how to ‘upskill’ as actuaries through the SOA’s offerings and beyond, scoping tools and structuring teams to get ahead through predictive modeling. The following topics will be covered:

  • Upskilling actuaries into the ‘data science’ space
  • Pandas, Python, and Hive, … oh my! Where to begin with tools and software?
  • Who does what and the value of domain knowledge as an actuary?

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Presenter(s): Tian Meipan, General Manager, China Life Reinsurance Insurance Company Limited

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Monday, January 1