Organized by: Co-sponsored with: China Region Committee. Actuarial Institute of Chinese Taipei

Transcription

1 Organized by: China Region Committee Co-sponsored with: Actuarial Institute of Chinese Taipei

2 OBJECTIVE Jointly organized by the Actuaries Institute Australia, Institute & Faculty of Actuaries, and Society of Actuaries (China Region Committee) with the support of local actuarial bodies, this Joint Regional Seminar is designed to assist actuaries and other professionals in meeting CPD requirements. THE SEMINAR Actuaries have been practicing in the insurance field for years, taking key and active responsibilities on product pricing, financial reporting and lately risk management. With the evolvement of the insurance business, companies are facing technological advancements, thinner margins, increasingly difficult distributions, and harder to please customers. In this intense competition, how can we strive for a market share because of an edge we know, but others don t? As an actuary, how do we stay on the forefront to meet the ever changing needs of the business and to fuel growth for our organizations? We often spend a lot of time talking about the future of the profession but having a conference that helps actuaries to think about how we can better play an expanded role in driving business strategies and development is both a positive message and a rather practical one in today s environment. Hence we have crafted a conference on the theme of The Future of Insurance in the hopes of helping actuaries participate in shaping the next stage of our path, both for the profession and for the industry. CPD The Joint Regional Seminar qualifies for (Actuaries Institute Australia/ IFoA/ SOA/ ASHK) Continuing Professional Development (CPD). Actuarial members may find it a useful contribution to their personal professional development. The amount of hours recorded is left to the discretion of the individual.

3 VENUE Hong Kong 23 July 2014 Hyatt Regency Hong Kong Regency Ballroom, 18 Hanoi Road, Tsim Sha Tsui, Kowloon, Hong Kong Beijing July 2014 The Presidential Beijing No.9 Fuchengmenwai Road, Xicheng District, Beijing, , China Taipei July 2014 Room 201, NTUH International Convention Center, No.2, Xuzhou Road, Zhongzheng District 100, Taipei, Taiwan Bangkok 30 July 2014 Landmark Hotel Bangkok Ballroom, 7 th floor, 138 Sukhumvit Road, Klongtoey, Bangkok 10110, Thailand Singapore 31 July 1 Aug 2014 Pan Pacific Singapore 7 Raffles Boulevard, Marina Square, Singapore ATTIRE Business casual attire is recommended for this seminar. CONTACT INFORMATION Individuals who wish to travel to any of the 5 locations for the seminar may contact the following persons for detailed seminar information and registration form: Beijing Ms. Yang Ting China Association of Actuaries Tel: (86) Fax: (86) yt@e caa.org.cn Hong Kong Ms. Tiffany Wong Actuarial Society of Hong Kong Tel: (852) actsoff@netvigator.com Taipei Ms. Emily Lye Actuaries Office in Hong Kong Tel: (852) actuaries@biznetvigator.com Bangkok Ms. Rattiya Singlor Society of Actuaries of Thailand Tel: (66) Fax: (66) ext rattiyas@mittare.com Singapore Ms. Patsy Lau Singapore Actuarial Society Tel: (65) patsy@actuaries.org.sg

4 Paul Carrett FIAA Carrett & Co Paul Carrett has 20 years of experience in financial services, across both insurance and banking. Prior to Carrett & Co he was the Head of Insurance Solutions (Asia) for UBS Investment Bank, having previously had similar roles with Goldman Sachs and JP Morgan. A qualified actuary, he has considerable experience in working with Asian insurance companies on capital management and asset liability management challenges, in both private and public side situations. Paul also has experience in structured finance, company valuation and derivatives. He is also working on several efforts to further the actuarial profession in Asia. Winnie Ching FIA Senior Client Manager, Director, Health Solutions, Swiss Re Winnie joined Swiss Re in June 2012 to drive Swiss Re's health strategy across Asia. Her key focus is on business origination and client communication of Swiss Re's health initiatives. Winnie has over 10 years of experience in actuarial consulting and reinsurance, and had worked in the UK, Japan and Hong Kong. Prior to joining Swiss Re, Winnie worked for RGA as a Marketing Actuary for the Hong Kong and South East Asian markets and had been driving the design and development of over a dozen of life insurance products in the region. Winnie had spent 6 years with Watson Wyatt, an actuarial consultancy, in both the retirement and life insurance practices delivering a wide range of projects from M&A embedded value calculations and product pricing reviews to market entry due diligence and tied agency compensation reviews. Winnie is a Fellow of the Institute and Faculty of Actuaries in the UK and holds a Bachelor degree in Actuarial Science from the London School of Economics, England. Di Sheng ASA Lead of Business Development, Moody s Analytics Sheng Di is the Lead of Business Development of Moody s Analytics for insurance sector in APAC area, based in Hong Kong. Within Moody s, Sheng has been involved with different major projects in this region including ESG, Economic Capital modeling, SAA, and Retail Advisory and Wealth Management. Prior to joining Moody s Analytics, Mr. Di had various working experience in different actuarial roles including ALM, Stochastic Modeling, EIA/VA Hedging, Reinsurance, Asset Management and Sales in United States. Di graduated from The University of Iowa with a Master degree in Actuarial Science, and holds an Bachelor degree in Applied Math. Mark J. Freedman FSA, MAAA President, Society of Actuaries Mark Freedman is a recently retired Principal of Ernst & Young, a global accounting firm with a large actuarial consulting practice. Prior to that, he worked at Philadelphia Life Insurance Company. His most recent experience has been in financial reporting, mergers and acquisitions, and financial modeling. Before that, he developed life and health products and performed pension valuations as an enrolled actuary. Mark holds a Bachelor of Arts in mathematics from the University of Pennsylvania. Among Mark s many volunteer efforts, he notably chaired the SOA's strategic planning task force in 2012, and he was a co author of the Society of Actuaries textbook, US GAAP for life insurers.

5 Will Halley Assistant Director, Moody s Analytics Will is an assistant director in Moody s Analytics. Will joined Barrie & Hibbert's modeling services team in Edinburgh before moving to the company's Hong Kong office as a Solutions Specialist, serving clients in the Asia Pacific region for the past 2 years. Formerly a Performance and Risk Manager at Alliance Trust Asset Management, Will has an MSc in Applied Mathematics from Heriot Watt University, a BSc in Mathematics from University Edinburgh and is a CFA charter holder. Wim Hekstra Chief Executive Officer, Sun Life Hong Kong Limited Mr. Hekstra is a life insurance professional with 20 years of working experience. He has extensive networks in the industry in Hong Kong, Macau and China. Prior to joining Sun Life Financial in August 2013, Mr. Hekstra has held various senior leadership roles in ING such as Head of Strategy for Asia, Head of their China operations as well as Co Head for ING s Hong Kong and Macau business. Prior to the life insurance industry, Mr. Hekstra worked for 12 years in the fast moving consumer goods sector in general management, sales and finance roles He was responsible for Heineken s operation in Hong Kong and Macau before joining the life insurance industry. Mr. Hekstra holds a Master of Business Administration (Financial Sector) degree from Vrije Universiteit, Amsterdam, and is a graduate of NIMA A&B (Advanced Marketing Course). He also joined several executive programs at INSEAD and Wharton University. Dr Neil Katkov Senior Vice President, Asia, Celent Neil Katkov is Senior Vice President, Asia, for Celent. His areas of expertise include the Asian financial services industry, financial services distribution channels, and compliance issues including anti money laundering and business continuity planning. Dr. Katkov produces Celent's popular reports on IT spending trends in the Asian banking, securities, and insurance industries. He regularly advises leading financial institutions and technology vendors on their business, technology, and compliance strategies. Dr. Katkov is widely quoted in the press, has appeared on CNBC and CNN, and is a popular speaker at conferences in North America, Asia, and Europe. Dr. Katkov holds a BA from the University of California at Berkeley and MA and PhD degrees from Harvard University. He is fluent in English, Japanese, and Chinese. Alex Korogodsky Executive Director of Financial Services Practice, Ernst & Young Alex is the Executive Director in the Financial Services practice of EY based in the firm s Hong Kong office. Brings with him over 20 years of leadership experience in mature and emerging markets as a consulting leader and an operations executive. Prior to joining EY in Hong Kong he ran the firm s practice in Eastern Europe/CIS and led Actuarial Transformation offering at the firm s New York office. He also served as a COO and the Board member for a Life and General Insurance Group and was a Operations & Technology Director for a major Financial Services company in the US. Alex focuses on predictive modeling and advanced analytics and use of "big data" for agency, churn, CLTV, treatment, underwriting, and anti fraud applications, advanced business intelligence and visualization, and complex risk and actuarial transformations and optimization for key actuarial processes (e.g., pricing, valuation, planning and forecasting, EV, economic capital, Solvency II)

6 Christopher Lee ASA Director Head of Life & Health, Southeast Asia, Swiss Re Christopher Lee is Head of Life & Health Reinsurance in Southeast Asia. Based in Singapore, he has been with Swiss Re since January 2008 and is responsible for the Life & Health business in Southeast Asia markets. Prior to joining Swiss Re, Christopher spent four years with another reinsurer, and 15 years with life insurance companies, with extensive experience in the area of Actuarial, Marketing and Operations. Christopher has a Degree in Actuarial Science from the University of Calgary, Canada, and he is an Associate of the Society of Actuaries, U.S.A. Sam Morgan FIAA Director of Modeling Solutions, Milliman Sam is the Director of Modeling Solutions for the Greater China, South East Asia and India regions. Sam has recently made the move to Hong Kong having previously held the position for the French and Spanish markets since joining Milliman in Sam has over 15 years experience primarily focused on financial modelling, asset and liability management (ALM) and risk and capital management having advised life insurance companies in these areas in both Europe and Asia. Prior to joining Milliman, Sam worked for Deloitte in France, the UK and Australia. Sam graduated from Macquarie University in Sydney with Bachelor of Commerce and a Bachelor of Applied Finance and is a Fellow of the Actuaries Institute Australia. Dr Dirk Nieder FSA Vice President, Gen Re Dr. Dirk Nieder is Vice President of Gen Re and heads up the Far East unit, which consists of Japan and Korea. He has more than 20 years of experience in the life reinsurance industry, including overseas assignments in Singapore and Tokyo, chairing Gen Re s Competence Centre for Long Term Care and responsibility for the product management unit of Gen Re in Cologne. Dirk has worked with direct companies in a variety of Asian markets on the successful introduction of innovative insurance products such as multi pay cancer products, Long Term Care products and a product for applicants with a cancer history. Dirk holds a doctorate in mathematics from the University of Cologne, he is a fellow of the Society of Actuaries and a graduate of the London Business School. David O'Sullivan Director, Swiss Re David O'Sullivan is a Director responsible for High Growth Market Development and Strategic Initiatives for Swiss Re's Life and Health business in Asia. based in Singapore. David has 25 years experience in the reinsurance and insurance industry in a variety of business development, underwriting and strategic roles that has resulted in him working in over 30 countries in Europe, Asia, Middle East and Africa. He previously was the Head of Life and Health Strategy for Swiss Re in Zurich, the CEO of Swiss Re's life and health business in Africa and Swiss Re's Global Chief Underwriter between

7 Marc Sofer FFA, FIAA Head of Strategic Initiatives, RGA Marc Sofer is Head of Strategic Initiatives, North Asia and India, for RGA Reinsurance Company. His responsibilities encompass data analytics, strategic marketing and product development support for RGA s Asian and Indian operations. He also served as Acting Chief Pricing Actuary for Hong Kong and Southeast Asia from June to December Marc is based in RGA s Hong Kong Branch. Marc, who moved to Hong Kong after working in RGA s Australia office as Group Pricing Actuary, has a wealth of actuarial, risk management and business development experience. Before coming to RGA in 2010, he was with Swiss Re Australia, where he was a Marketing Actuary in Life and Health Client Markets. Prior to that, he was with MBF Australia (now part of Bupa Australia Health Pty Ltd), where he participated in both actuarial and business development work. Before then, he was with Discovery Health South Africa. Marc s Bachelor of Science (BSc) degree in Actuarial Science and Statistics is from Wits University, Johannesburg, South Africa. He is a Fellow of the Faculty of Actuaries (FFA) and of the Institute of Actuaries of Australia (FIAA). Mark Saunders FIA, FIAI, FSA, FSAS, FSAT Group Chief Strategy & Corporate Development Officer and a Member of the Group Executive Committee, AIA Mark has been working in insurance in Asia since 1989 and has been a resident of Hong Kong since Prior to joining AIA in 2014, Mark was Managing Director of Towers Watson's Hong Kong business and Asia Pacific Insurance Sector Practice Leader. And before joining Towers Watson's former business, Tillinghast in 1997, he was Asian Regional CEO based in Hong Kong and an Executive Director Board Member of both the international life insurance operations (CMI) of UK parented insurer (Clerical Medical) and their joint venture in Korea (Coryo CM). Mark has deep and broad industry experience having held corporate leadership positions in the UK and Asia and consulted to nearly all the leading insurers in Asia over many years in a wide variety of exercises across the value chain to help improve their businesses. Mark has been the Appointed Actuary for ten insurers in Hong Kong, Singapore and Vietnam. He has also performed mentor roles for Appointed Actuaries new to the role in Asia and carried out Peer Review of Appointed Actuaries' duties for seven insurers in India. He has also provided Independent Actuary opinions for High Court sanctioned insurance business transfers and successful Expert Witness testimonials in the Court of First Instance. Mark has led more than 350 actuarial appraisal value assessments of Asian insurers spanning every major insurance market in Asia and is widely regarded as a leading practitioner in economic value determination, Mergers & Acquisitions and IPOs of insurers in Asia. Mark is a member of various professional, industry, regulatory and government working groups and committees. He is a regular facilitator of training sessions and speaker and chair at conferences and seminars as well as author of numerous articles and papers relating to the Asian insurance industry. Wang Haijing FIA Senior Manager, Sunshine Life Insurance, Beijing Hailing is currently Senior Manager at Sunshine Life Insurance in Beijing. She started her career with Aviva in the UK in 2005 before moving on to Ernst & Young, London as an Actuarial Manager and Senior Consultant. Subsequent to that, she took on the role as Solvency II Contractor in London before returning to China last year. Veronica Wang FSA, FCAA, MBA of Tsinghua University Managing Director of Fosun Group Veronica Wang is now the Managing Director of Fosun Group, she is responsible for M&A activities globally in insurance business and senior caring industry. She is also responsible for managing Fosun s invested insurers. Veronica has worked as top management in large and medium size enterprises for over 18 years in China market, and she has a professional and good knowledge of development path of insurance industry. She has expertise in product R&D, marketing, actuarial, investment, asset management.

8 Lee Wood SVP, Allianz Life Taiwan Lee Wood joined Allianz Life Taiwan in 2013 as part of the acquisition of HSBC Life Taiwan. He now heads up Product, Marketing and Direct Marketing for Allianz Taiwan. While beginning his career in the US, Lee has 15 years of experience in Asia including Japan, Taiwan, Hong Kong and Indonesia. Lee has helped bring product innovation to markets: in Japan where he worked as a pioneer in the VA market for ING and in Taiwan, where he led in the development of a guaranteed issue contract to expand Alico Taiwan into a new broad market channel and a unique interest sensitive whole life product for HSBC s bank channel. Yang Zhicheng 杨智呈 FIA 生命人寿保险股份有限公司副董事长 集团管理委员会主任 杨智呈先生于 1996 年 6 月毕业于中央财经大学银行保险系, 获经济学硕士学位,1995 年获英国精算师学会准精算师资格,2000 年获中国精算师资格认证 中共党员 杨智呈先生于 1987 年开始参加工作,1996 年进入保险行业, 先后担任新华人寿保险股份有限公司精算信息处副处长, 精算处处长 精算部总经理 精算负责人 总精算师 产品管理中心主任 销售管理委员会副主任等职务 2010 年 2 月加盟生命人寿保险, 历任总精算师 总经理和副董事长, 并负责集团相关事务 杨智呈先生拥有行业领先的丰富精算实践知识与卓越的精算技能, 对保险市场的商业经营及产品设计等方面均有丰富的经验 他潜心开创中国大陆保额分红机制, 创立了符合中国国情的保额分红保险的产品体系, 被业界誉为 中国保额分红之父 Warwick Young Chief Financial Officer, Aviva Singapore Experienced Chief Financial Officer. Managed the ALICO Japan s operation through AIG crisis. Lead presenter in a press conference to report the half yearly results which were impacted by the AIG crisis. Completed the merger of two equal sized companies in Singapore, achieving the required economies of scale from the merged entity. Successful start up entry of Reinsurance Group of America, into the Australian and New Zealand markets achieving a market leading position in new business market share within five years. In excess of twenty year s relevant experience, with formal qualifications in mathematics, actuarial science and management. Responsibilities have included financial control, business and product development, pricing and administration of reinsurance accounts, people management, strategy planning, development of annual business plans, budgeting and forecasting. Recognized presentational skills excellence, proven negotiation and client management skills. Outstanding track record of creating and maintaining business relationships. 赵宇平 Zhao Yuping FSA 阳光人寿保险股份有限公司精算部兼产品开发部总经理 毕业于北京大学物理系 (Peking university,bachelor in physics) 清华大学五道口金融学院 ( 原中国人民银行研究生部 ) 国籍金融专业 (Tsinghua university,wudaokou finance school,the original Graduate school of People s Bank of China, master in finance) 现就职于阳光人寿保险股份有限公司 (sunshine life insurance corporation limited) 任精算部兼产品开发部总经理 曾服务于首创安泰人寿 (ING capital life) 美国国际集团经济资本中心 (AIG economic capital center)

9 23 July Registration Welcome Remarks Ka Man Wong, Joint Regional Seminar Organizing Committee Keynote Speech Mark Freedman, President, Society of Actuaries Actuaries: driving growth and strategy Mark Saunders, Group Chief Strategy & Corporate Development Officer, AIA Morning Coffee Break CEO s perspective: actuary s expanded role and expectation? Wim Hekstra, Chief Executive Officer, Sun Life Hong Kong The Winning Insurer of the Future: What will the winners look like? David O'Sullivan, Director, Asia, Swiss Re Lunch Wellness programs to incentivize healthy behavior, improve engagement and improve profitability (what was that?) Marc Sofer, Head of Strategic Initiatives, RGA The future of insurance sales to buy rather than to sell Will Halley, Assistant Director, Moody s Analytics Afternoon Coffee Break Learn from the Future with Predictive Analytics Alex Korogodsky, Executive Director of Financial Services Practice, Ernst & Young Closing Remarks Billy Wong, President, Actuarial Society of Hong Kong

10 Personal Particulars Name in ENGLISH Company in ENGLISH Address Phone Fax Preferred name on badge Register by 11 July! E mail: actsoff@netvigator.com Tel: (852) Member of actuarial organizations Name of actuarial organization Please specify status: Fellow Member Associate Member [ ] Student Member (tick as appropriate) Non member Deadline for registration: 11 July 2014 Registration and Payment Method Registration fee: HK$1,350 x Person(s) = HK$ Registration fee includes refreshment breaks and lunch. Please return your completed form with your cheque payment to: Actuaries Office in Hong Kong, 2202 Tower Two, Lippo Centre, 89 Queensway, Hong Kong or E mail to actsoff@netvigator.com. Your cheque should be in favor of The Actuarial Society of Hong Kong. Seminar receipts will be provided at reception desk on 23 July 2014 upon request. Cancellation Policy Cancellations should be made by contacting actsoff@netvigator.com, and also confirmed in writing. No refunds will be made for cancellations after 11 July The Society reserves the right to cancel the seminar if conditions warrant. Organized by: Institute and Faculty of Actuaries Actuaries Institute Australia Society of Actuaries China Region Committee Co Sponsored with: Actuarial Society of Hong Kong Venue : Regency Ballroom, Hyatt Regency Hong Kong, 18 Hanoi Road, TST, Hong Kong