2020 China Symposium

Moderator: Sun Hanjie, FSA, FCAA, China Committee Chair, SOA; Assistant General Manager, Chief Actuary, Ping An Life Insurance Co.

Presenters:

• Guo Jing, Deputy Director General, Finance & Accounting / Solvency Regulation Department, China Banking and Insurance Regulatory Commission - Presentation
• Chen Daofu, Deputy Director of the Institute of Finance and Banking, Development Research Centre of the State Council - Presentation
• Xia Changsheng, Chief Analyst, Non-banking Financial Institutions, Research Department, TF Securities - Presentation

Session Description:
The life insurance industry has been in a period of deep adjustment since 2018 with different channels facing unprecedented challenges. In the past few years, many market players have made meaningful transformation attempts, which have resulted in increased experience and lessons learned. This session will provide an in-depth discussion on some typical transformation strategies covering the topic of channel transformation.

Moderator: Wesley Cui, FSA, FCAA, China Committee Member, SOA; Deputy General Manager, CITIC-Prudential Life Insurance Co., Ltd.

Presenters:

• Arthur Bi, Partner, McKinsey & Company
• Ren Geng, Assistant General Manager, Director of Banking and Insurance Business, CITIC-Prudential Life Insurance Co., Ltd. - Presentation
• Teng Hui, FCAA, Chief Actuary, Waterdrop company

Session Description:
In June 2020, the International Accounting Standards Board (IASB) issued the latest revision of IFRS 17, which updated important topics such as effective date, treatment of accounting estimates for interim financial statements in subsequent periods, and recognition of income for reinsurance contracts held when underlying insurance contracts are recognized as onerous. Since it is such a critical moment of reform, it is important for insurance companies to understand these accounting changes and their impact on the business.

Moderators: Benny Zhang, FSA, FCAA, China Committee Member, SOA; Chief Actuary, AIA Co., Ltd., China; Bonny Fu, FSA, Marketing Sub-committee Chair, SOA; Partner, Ernst & Young (China) Advisory Ltd

Presenters:

• Yuan Xiaobin, FSA, Actuarial Partner, PwC - Presentation
• Wendy Liu, FSA, Vice President, Chief Actuary, Manulife-Sinochem Life Insurance Co., Ltd.
• Peter Jin, FSA, FCAA, CFO, Tongyang Life - Presentation
• Wang Qing, Senior Manager, Financial Services Consulting, Ernst & Young (China) Advisory Limited - Presentation

Moderator: Tian Meipan, FSA, FCAA, China Committee Vice Chair, SOA; General Manager, China Life Reinsurance Company Limited

Presenters:

• Zhang Chu, Assistant General Manager of Product Actuarial Department, China Life Reinsurance Co., LTD
• Yang Hui, Vice President, JD Digits
• Li Jin, Associated Professor, Department of Gynecology Oncology, Shanghai Cancer Center, Fudan University; Secretary, Member, Gynecology Oncology Branch, Chinese Medical Association - Presentation
• Wu Chun, Partner, Managing Director, Head of China Medical Team, Boston Consulting Group
• Yang Su, Deputy General Manager of Insurance Department, MediTrust Health