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Insurance

FT Asia Insurance Summit 2016

Best Business Strategies in Uncertain Economic Conditions

Hong Kong |
Speakers include:
Chen Guoli

Chen Guoli

Insurance Asset Management Association of China

John Leung

John Leung

Insurance Authority

Ian Brimecome

Ian Brimecome

Tokio Marine Holdings

Overview

Thank you to everybody who joined us at the FT Asia Insurance Summit on 20 October in Hong Kong. We hope you enjoyed the inspiring keynotes, informative discussions and valuable networking opportunities.

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Persistently low interest rates, volatile markets and a fragile global economy are putting pressure on the returns of insurers' investment portfolios. Central banks around the world keep trying to spur growth, but the prolonged easing measures and repeated attempts at propping up demand have cast doubt over the effectiveness of these policies. In current conditions, strategies that used to bring in steady returns no longer deliver, and asset managers are taking on more risk in their search for yield.

Despite these headwinds, the growth outlook for the insurance industry in Asia remains attractive. The recent restructuring of financial services in China has created new opportunities, especially in the digital space, where the “Internet Plus” policy is starting to show tangible results. In countries such as Indonesia and Malaysia, the large Muslim populations and new regulations offer vast opportunities for providers of shariah-compliant products.

As Asia's insurance industry develops, the market is becoming increasingly competitive. Tighter margins and the need for diversification are prompting regional players to expand into new geographies, often through acquisitions. To stay ahead at home, they are ramping up technology investments and partnering with specialist technology providers to better serve the needs of their customers.

The Financial Times' annual FT Asia Insurance Summit will bring together leading insurers, investment managers and regulators to talk about the most pressing issues in the industry. Senior executives from regional as well as global companies will take part in open strategic discussions on the challenges and opportunities in Asia’s evolving insurance world.

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fallback Add to my Calendar 10/20/2016 08:30:0010/20/2016 17:30:00trueFT Asia Insurance Summit 2016Thank you to everybody who joined us at the FT Asia Insurance Summit on 20 October in Hong Kong. We hope you enjoyed the inspiring keynotes, informative discussions and valuable networking opportunities.--------------------------------------------------------------------------------------------------------------------Persistently low interest rates, volatile markets and a fragile global economy are putting pressure on the returns of insurers' investment portfolios. Central banks around the world keep trying to spur growth, but the prolonged easing measures and repeated attempts at propping up demand have cast doubt over the effectiveness of these policies. In current conditions, strategies that used to bring in steady returns no longer deliver, and asset managers are taking on more risk in their search for yield.Despite these headwinds, the growth outlook for the insurance industry in Asia remains attractive. The recent restructuring of financial services in China has created new opportunities, especially in the digital space, where the “Internet Plus” policy is starting to show tangible results. In countries such as Indonesia and Malaysia, the large Muslim populations and new regulations offer vast opportunities for providers of shariah-compliant products.As Asia's insurance industry develops, the market is becoming increasingly competitive. Tighter margins and the need for diversification are prompting regional players to expand into new geographies, often through acquisitions. To stay ahead at home, they are ramping up technology investments and partnering with specialist technology providers to better serve the needs of their customers.The Financial Times' annual FT Asia Insurance Summit will bring together leading insurers, investment managers and regulators to talk about the most pressing issues in the industry. Senior executives from regional as well as global companies will take part in open strategic discussions on the challenges and opportunities in Asia’s evolving insurance world.FT-Asia-Insurance-Summit-201635d00f55eee4bb45b652f9528cdd9443MM/DD/YYYY

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Keynote Speakers (2)

Chen Guoli

Chen Guoli

Vice Secretary-General
Insurance Asset Management Association of China

Chen Guoli, PhD in Economics, Associate Research Fellow for Finance, assumed the position of Vice Secretary-General of Insurance Asset Management Association of China in January 2015. Mr Chen started working in Securities Association of China in 2002, then became the vice president of the Beijing branch of Jinying Fund Management Company in 2003. From 2007 to 2014, he served in China Insurance Regulatory Commission Beijing Bureau as Deputy Division Director and later Investigator of Life Insurance Division. Having worked for fund companies, non-government organizations and for a financial regulator, Mr Chen has gained extensive experience in securities, funds and insurance.

John Leung

John Leung

CEO
Insurance Authority

John Chi-yan Leung is CEO of the Insurance Authority in Hong Kong having assumed the position of Commissioner of Insurance in August 2015 before the Office of the Commissioner of Insurance was then replaced by the independent Insurance Authority. Having joined the Hong Kong Government in September 1987, Mr Leung has served in various policy bureaus and departments, working mainly in policy areas including constitutional affairs, district administration, international trade and financial services. In December 2011, he was appointed Director, Hong Kong Economic, Trade and Cultural Office (Taiwan), responsible for promoting economic and trade cooperation, as well as cultural exchanges, between Hong Kong and Taiwan. From 2006 to 2011, Mr Leung was Deputy Secretary for Financial Services and the Treasury (Financial Services), responsible for policies and legislation relating to company, trust, bankruptcy and accounting. Mr Leung received a Bachelor of Arts (Honours) Degree and a Master of Philosophy Degree from the University of Hong Kong. He has also attended courses at Oxford University, Tsinghua University (Beijing) and the European Institute of Business Administration (INSEAD).

Speakers (22)

Ian Brimecome

Ian Brimecome

Senior Managing Executive Officer and Executive Chairman International
Tokio Marine Holdings

Ian Brimecome is the Senior Managing Executive Officer and Executive Chairman International of Tokio Marine Holdings, Inc and the first non-Japanese Executive Officer in its more than 130 year history. He is Vice Chairman of Tokio Marine Asia. He is a Board Member of Edelweiss Tokio Life, Chairman of Tokio Marine Kiln Group at Lloyd’s of London, AXA UK PLC, Equitable Life Assurance Society, the oldest mutual assurer in the UK, Delphi Financial Group in the USA, Tokio Marine North America, Tokio Millennium Re AG and HCC Holdings (USA). He was formerly an investment banker specialising in the insurance and asset management industries. During his 35 year career as a banker, he advised on more than one hundred completed merger and acquisition transactions in 20 countries and also handled numerous demutualisations and initial public offerings in Europe, the UK, South Africa and Canada. He led the acquisitions of Kiln, Philadelphia Consolidated, Delphi Financial Group and HCC for Tokio Marine as well as the establishment of its Indian life insurance joint venture with Edelweiss Group. He has extensive experience in Asia, with merger and acquisition work in several countries, including Japan, Singapore, India, Indonesia and Australia.

Charles Barrett

Charles Barrett

Principal Officer and CEO
Brit Global Specialty Singapore

Charlie Barrett joined Brit in 2011 as a War & Terrorism Underwriter and in 2014 he was promoted to Class Underwriter. In 2016 Charlie established Brit Global Specialty Singapore (BGSS), he is currently Principal Officer and CEO of BGSS. BGSS is a wholly owned subsidiary of Brit Group Holdings, a Fairfax owned company, which operates on the Lloyd’s Asia platform in Singapore. BGSS currently offers the following (re)insurance: Construction & Engineering, Political & Credit Risk and War & Terrorism. Charlie began his insurance carrier in 2005 at Willis in London. When he left Willis in 2011, he was Vice President for US terrorism risk.

Marc Breuil

Marc Breuil

Regional President Asia
Berkshire Hathaway Specialty Insurance

Marc Breuil is the Regional President of Berkshire Hathaway Specialty Insurance in Asia. He has over 24 years of international insurance experience, including 13 years in various senior positions in Asia, where he was successively based out of Hong Kong, Tokyo and Singapore before returning to Hong Kong in 2012. Marc started his career as a casualty underwriter in Europe in 1992. Prior to BHSI, he was President and CEO of AIG Hong Kong, Taiwan and Macau. He holds a Maîtrise in Business Administration from Dauphine University in Paris and a Masters of Business Administration from Baruch College, New York, USA.

John Brisco

John Brisco

Senior Vice President, Chief Information Officer and Chief Operations Officer
Manulife Asia

John is the Chief Information Officer and Chief Operations Officer for Manulife Asia based in HK and he is a member of the Asia Executive and Global Services Executive within the Manulife Group. John provides dynamic leadership across Manulife's Asia footprint. He is passionate and focused on delivering an operating eco-system that harnesses the best of the Manulife employee capability in transforming and delivering customer-first solutions and experiences that embrace digital innovation. As part of this, his role encompasses driving leading class technology solutions, adoption of experimental business models, deployment of new agile and user experience methods and delivering world class operations capability that is obsessed with creating wow moments of truth for over 7m customers in Asia.

Manfred Dirrheimer

Manfred Dirrheimer

Chairman
FWU Group

Manfred Dirrheimer is Chairman of FWU Group AG. In 1983, he founded the predecessor of FWU AG, together with a private equity company he founded in 1989, the Assecura Insurance Group, where he was a major shareholder and the CEO. FWU was integrated into that venture. After the complete takeover of Assecura by General Accident Life in 1994, he bought 100% of the shares of FWU together with Frankona Reinsurance Company. In 1996, he acquired the Frankona Reinsurance Shares of FWU. Until today he is CEO of FWU AG, which developed under his regime to be a successful player in the international life markets. Under his leadership, FWU acquired in 1998 Atlanticlux Life Insurance S.A. In 1999, FWU founded the Luxembourg based asset management company Premium Select Lux S.A. In 2003, FWU became a major shareholder of the Tadawul listed Saudi Arabian life insurance company AL Ahli Takaful Company (ATC). In 2007, FWU acquired a significant shareholding in Pak Qatar Family Takaful Limited. In 2014, FWU took over the life business of Kaupthing Life Insurance. In 2015, FWU acquired Skandia Life Insurance and Solyda s.r.l., one of the larger insurance brokers in Italy. Mr Dirrheimer studied at the University of Konstanz, Germany. He holds BA degrees in Economics and Business Administration, an MA degree in Economics, and he received a PhD in Economics in 1977. In the years 1978-1981, he was a senior research fellow with the International Institute of Management, Science Centre, Berlin, Germany. In 1982, he became a full professor of the economic's faculty at the University of Dallas, USA. Mr Dirrheimer holds positions in several international advisory, supervisory and management boards in the life insurance and investment field.

Jason Kelly

Jason Kelly

Head of Liabilities and Financial Lines, Greater China/Australasia
AIG Asia Pacific

Jason Kelly is an insurance professional with over 16 years’ experience across the globe. He moved to Asia in 2009 and currently manages all Liability and Financial Lines products in Asia Pacific, including financial institutions, cyber liability, professional indemnity and casualty. Joining AIG in 1999 in New York, Jason has worked extensively across a variety of portfolios under financial services, including the technology D&O portfolio in the AIG San Francisco office and International D&O, based in London. Jason brings a wealth of knowledge from the developed markets of the United States, Europe, developed Asia and Australia/New Zealand to the developing markets of South East Asia. He is considered an expert speaker across the Financial Lines portfolio and is often asked to provide his insights throughout Asia on various trending issues including the internet of things and cyber risk.

Alex Kimura

Alex Kimura

Chief Strategy Officer
Aviva Asia

Alex Kimura is the Chief Strategy Officer of Aviva Asia since September 2014. His current responsibilities include Strategy, Corporate Development and Mergers and Acquisitions, Digital, Marketing and Transformation for Asia. Mr Kimura brings with him a wealth of strategc and operating expertise and experience in the financial services industry and the Asian markets.

Prior to Aviva, he held several senior management positions within the AXA Group. Since 2000, he was the Chief Operating Officer and Executive Officer of AXA Japan and then, moved on to AXA's Group office in Paris in 2006 where he led AXA's transformation and development activities across the Asia Pacific region.

Before joining AXA, Mr Kimura was a Director at Bain & Company, a global management consulting firm, where he worked mainly in the US and Asia on insurance and financial services strategy, private equity transactions and cross border mergers and acquisitions. Mr Kimura also worked for many years in the investment banking industry at Morgan Stanley in Asia and the US.

He holds a MBA degree from Columbia University in Finance and International Business with Distinction and Stanford University’s Executive Leadership Program.

Philippe Latour

Philippe Latour

Chief Financial Officer, Asia
Ageas

Philippe Latour is CFO for Ageas in Asia since July 1 st 2014, after having exercised the role of Managing Director, Strategy and M&A, for a year in Asia. 

Philippe is member of the board of directors of Muang Thai Life Assurance (Thailand), Etiqa Insurance and Takaful (Malaysia), Taping Asset Management (China) and IDBI Federal Life Insurance (India).

He joined Ageas (former Fortis) in 1997 as Financial Officer and then as Director Equity and M&A. In 2003, he became CFO of Fortis Bank Insurance and there after CFO of AG Insurance.

Philippe started his career in 1984 with Chase Manhattan Bank in London. In 1986 he was appointed in Financial Institutions and Government Group in Brussels and served insurance companies and state related entities.

End 1989, he joined Cobepa (Paribas Group) in Brussels as Financial Advisor in Private Equity and Corporate Finance for Benelux region with focus on the development of medium sized and family-owned businesses.

Philippe graduated as Business Engineer from Solvay Business School and has a Master Degree in Tax Management from Solvay Business School.

Yuansiong Lee

Yuansiong Lee

Executive Vice President and Chief Insurance Business Officer
Ping An Insurance

Yuansiong Lee has been an Executive Director of Ping An Insurance (Group) Company of China, Ltd since June 2013, and is currently the Executive Vice President and Chief Insurance Business Officer of the Company, and the Director of Ping An Property & Casualty, Ping An Life, Ping An Annuity, and Ping An Health, which are affiliates of the Company. Mr Lee joined the company in 2004 and served as the Special Assistant to the Chairman of Ping An Life from February 2004 to March 2005, President of Ping An Life from March 2005 to January 2010 and Chairman of Ping An Life from January 2007 to February 2012. Prior to that, Mr Lee was a Senior Vice President of Prudential Taiwan Branch and the General Manager of Citi-Prudential. Mr Lee holds a Master’s degree in Finance from the University of Cambridge.

Thomas Leonardi

Thomas Leonardi

Senior Advisor
Evercore Partners

Thomas Leonardi is a Senior Advisor to Evercore. Since joining Evercore in 2015, Mr Leonardi has advised Anbang on the acquisition of Fidelity & Guaranty Life and Ambac on its successful defence of an activist shareholder’s proxy contest. He also advised The Travelers Companies, Inc. and Prudential Financial in connection with domestic and international capital matters. Prior to joining Evercore, Mr Leonardi was Commissioner of the Connecticut Insurance Department, a regulatory agency with jurisdiction over the largest life insurance industry in the United States. He has been a member of the Executive Committee of both the National Association of Insurance Commissioners (NAIC) and the International Association of Insurance Supervisors. He was Chair of the NAIC’s International Insurance Relations Committee, a member of the US Treasury’s inaugural Federal Advisory Committee on Insurance, and he was selected to serve on the World Economic Forum’s Global Council on Insurance and Asset Management. He has spoken on numerous occasions across the globe on issues critical to the insurance industry. During his tenure, he met with President Obama on two occasions, and testified in Congress on the Federal Insurance Office’s Modernization Report. For 22 years prior to his appointment as Commissioner, Mr Leonardi was Chairman and CEO of Northington Partners Inc., a Connecticut-based venture capital and investment banking boutique that specialized in the insurance industry. Before founding Northington, he was the head of the Investment Banking and Venture Capital divisions of Conning & Company in Hartford, Connecticut and President of Beneficial Corporation’s insurance subsidiaries. He began his career as a litigation attorney in Connecticut. He graduated from Boston University with distinction in history, summa cum laude and Phi Beta Kappa, and received his Juris Doctor with honors from the University Of Connecticut School Of Law.

Robin Loh

Robin Loh

Chief Digital Officer, Asia Pacific
Allianz

Robin Loh is Allianz’s Chief Digital Officer for Asia Pacific, overseeing its continued advancement toward a digitally-led and customer oriented business model. This includes leading and growing Allianz’s digital platforms and portfolios in the region, exploring new partnerships, and driving innovation and growth cross-functionally throughout the organisation to engage and create greater value for Allianz customers. Robin also heads up Allianz’s Asia Lab, which harnesses the company’s strengths in innovation and advanced analytics to develop customer solutions in protection, healthcare, mobility and smart city-living. He is based in Allianz’s Asia Pacific headquarters in Singapore, and is a member of the company’s Regional Executive Board, which is responsible for setting and executing its growth strategy in Asia. Robin is a highly collaborative executive with a deep track record of delivering growth agendas and digital transformation. In his previous role as General Manager at Ping An Fintech Company, a subsidiary of China’s Ping An Group, Robin spearheaded the creation of their integrated digital financial platform in China and led successful collaborations with both domestic and international partners. Prior to that, Robin was associate partner at Mckinsey & Co., where he focused on financial services strategy, digital banking, ecommerce and next-generation IT. Robin holds a Master's degree in Business Administration from MIT Sloan School of Management and a Bachelor's degree in Electrical and Computer Engineering from Carnegie Mellon University.

Angela Mackay

Angela Mackay

Global Publisher, FT Live and Managing Director Asia Pacific
Financial Times

Angela Mackay is Global Publisher of FT Live and Managing Director of FT Asia Pacific. Based in Hong Kong, she is a member of the FT’s global board. In Asia Pacific, Ms Mackay focuses on developing the group’s significant potential across the region. This includes FTChinese.com, the mainland's leading foreign-owned, Chinese-language news site, as well as the FT's burgeoning executive education business.

As Global Publisher for FT Live, Ms Mackay leads business and strategy development for events, membership and communities, such as 125 Forum and the Non-Executive Directors (NED) programmes. The FT stages more than 200 events around the world annually. Ms Mackay joined the FT in 2003 on its editorial team, serving as the Asia investment editor for two years.

Before joining the FT, she was Asia editor for Sunday Business from 1998 to 2001. Her previous roles include editor at The Economist Group, supervising producer at CNBC, deputy news editor at The Times in London, and UK correspondent for the Australian Financial Review.

Ms Mackay is a non-executive director of the FT/IE Corporate Learning Alliance, and a board member of the Hong Kong International Literary Festival, Asian Youth Orchestra and the Sovereign Art Foundation. She holds a BA in English Literature and an LLB, and was admitted as a solicitor in New South Wales and Victoria, Australia.

Alex Ng

Alex Ng

Chief Investment Officer, Asia Pacific
BNP Paribas Investment Partners

Alex Ng joined BNP Paribas Investment Partners (the successor of Fortis Investments and ABN AMRO Asset Management) in 1988, and has 28 years of investment experience acquired in the US, Malaysia, Singapore, and Hong Kong. He holds a Bachelor’s degree in Economics from the University of California at Los Angeles (UCLA) and served on the board of governors of the CFA Institute from 2003 to 2006 and on the Listing Committee of The Hong Kong Stock Exchange from May 2006 to July 2010.

Steve Ng

Steve Ng

Senior Vice President, Product Marketing and Solutions Consulting, Commercial Group
HKT

Mr Steve Ng leads the Product Marketing and Solutions Consulting team and holds responsibility for marketing, product development, management of telecoms services and solution advisory operations to the benefit of enterprises and multinational corporations in Hong Kong. He is an industry veteran in telecoms service platforms, ICT infrastructure and systems integration design, as well as being a key contributor to formulation of HKT’s cloud strategy for enterprises and SMEs. He has 20 years of experience in ICT and eCommerce, and has generated a diversity of management and operational expertise in functions such as marketing, IT consultancy and product development and management, as well as systems engineering. Mr Ng holds an MBA (Financial Services Concentration) from the Hong Kong University of Science & Technology, and a Bachelor’s degree in Electronic Engineering from The Chinese University of Hong Kong.

Edwin Northover

Edwin Northover

Partner
Debevoise & Plimpton

Edwin Northover is an Asia-based partner in the firm’s Corporate Department. Mr Northover has a broad cross-border public and private mergers and acquisitions practice, with a particular focus on mergers and acquisitions, joint ventures and distribution agreements in the insurance industry. Since moving to our Hong Kong office in 2012, he has worked on several of the most significant insurance M&A transactions in Asia. He also has extensive private equity experience, having worked on a number of strategic and co-investments. Mr Northover joined Debevoise in 2007 and was based in our London office prior to his move to Asia. He is qualified in both England and Wales, and Hong Kong. During 2013, Mr Northover spent six months on secondment to the Mergers and Acquisitions team of a multinational insurance company in Paris. In 2015, he spent a period in the Financial Institutions Group of our New York office. Mr Northover graduated in 2001 with a Double First Class Honours degree in
Modern History from Merton College, University of Oxford. He went on to study at BPP Law School, London (2002-3). Prior to joining Debevoise, Mr Northover was an associate in the Corporate/M&A group of a leading international law firm. He was admitted as a solicitor of the Senior Courts of England and Wales in 2006 and Hong Kong in 2013.
 

Jose Ribeiro

Jose Ribeiro

Managing Director, Asia Pacific
A.M. Best

Jose Ribeiro is Managing Director for Asia-Pacific at A.M. Best. He is responsible for raising the profile of the A.M. Best brand and for overseeing the commercial development throughout the region. Mr Ribeiro has a deep understanding of the global reinsurance industry, gained through a career spanning more than 28 years. Before joining A.M. Best, Mr Ribeiro was Head of Argo International, CEO of Generali Brazil, Director of International Markets at Lloyd’s of London, and CEO for LatAm and the Caribbean at Willis. At Lloyd’s, Mr Ribeiro had extensive exposure to Asia-Pacific markets as the executive responsible for the China, Japan and Singapore trading centers. Between 1987 and 2002, Mr Ribeiro worked for AIG and Munich Re Group in Europe and Latin America as an actuary, an underwriter business unit manager and a country CEO. In addition to being a certified EU actuary, Mr Ribeiro has an MBA in International Management and a Master’s degree in Mathematics.

Yetty Rochyatini

Yetty Rochyatini

Vice President & Head of Shariah
Manulife Indonesia

Yetty Rochyatini is Vice President and Head of Sharia at Asuransi Jiwa Manulife Indonesia (Manulife Indonesia). She established and has lead the sharia unit of Manulife Indonesia since 2009. Ms Rochyatini has 25 years of experienced in the insurance industry. She is a qualified professional in sharia insurance business and has been appointed a certified instructor by the Islamic Insurance Society (IIS). Ms Rochyatini is also a certified risk governance professional. Ms Rochyatini is experienced in developing channel distribution for agency, employee benefit and bancassurance businesses. She actively participates in various seminars and has been featured in the media, such as Metro TV. Under her leadership, Sharia Unit Manulife Indonesia obtained “very good” category from Infobank for sharia unit business for years 2013 and 2014. Ms Rochyatini is a member of boards and committees in several sharia professional organization, examples include Indonesia Islamic Economists (IAEI), Sharia Economy Society (MES), Indonesia Sharia Insurance Association (AASI) and others. She is also a Director of Institution of Islamic Finance Professional Certification.

Frederic Tardy

Frederic Tardy

Regional Chief Marketing, Digital, Data and Customer Officer
AXA Asia

Mr Frederic Tardy is Regional Chief Marketing, Digital, Data and Customer Officer at AXA Asia, based at the regional head office in Hong Kong. He is also a member of the Regional Executive Committee. Mr Tardy oversees areas that cover customers, marketing, innovation, data, digital and partnership development. He is instrumental in leading and driving the regional strategic direction for customer centricity and customer experience initiatives across all business lines. His role also involves bringing digital and innovation into the heart of the regional strategy, as well as ensuring that marketing efforts are aligned with business objectives through research and insights that drive brand awareness, consideration and preference for AXA in the region. Prior to joining AXA Asia in September 2016, Mr Tardy was Chief Marketing and Distribution Officer of AXA Group, based in Paris, a position he held since March 2013. Before that, he served as Chief Executive Officer of L’Atelier U.S. BNP Paribas, the BNP Paribas Innovation Lab in the Silicon Valley responsible for advising on the online strategies for the different business units, strategic partners and VIP clients of BNP Paribas in North America, Latin America and Europe. From 2009 to 2010, he was Global Head of e‐business at BNP Paribas Personal Finance, responsible for the internet and mobile strategy across 30 countries. He was successful in setting up global partnerships with internet leaders such as PayPal, Dell, Apple and Submarino. From 2004 to 2006, he was Head of E‐business for France before being appointed Head of Sales and Marketing for BNP Paribas Personal Finance in Spain from 2007 to 2009. He started his career in 1993 at Cetelem and its subsidiaries. He graduated from Ecole Supérieure de Commerce et d’Administration des Entreprises (ESCAE) with an MBA.

Paul Sandhu

Paul Sandhu

Head of Investment Solutions
Conning Asia Pacific

Paul Sandhu is the Head of Investment Solutions at Conning Asia Pacific. He is responsible for leading Conning's investment solutions business in Asia Pacific through consulting, customised funds design and implementation.

He started his career in the financial industry as an investment actuary at USAA in the US, where he created and managed many of the processes used for SAA/ALM/ERM and annuity pricing. He also created strong processes for reinforcing the relationship between the asset management and actuarial units. In 2008, he joined Conning and has been working closely with clients globally to help them with their investment strategy and investment risk management.

Mr Sandhu graduated from the University of British Columbia with Honours Bachelors in Science with a specialisation in Theoretical Physics, he focused his research on the theory of black holes, where he created and analysed simulations of a stars evolution into black holes by solving Einstein’s equations using numerical techniques. He is an Associate of the Society of Actuaries.

Richard Sega

Richard Sega

Chief Investment Officer
Conning

Richard L. Sega is a Managing Director and Chief Investment Officer at Conning, where he is responsible for credit research, investment management and trading. Mr Sega served as President and CEO of Charter Oak Capital Management, Inc. prior to the firm being acquired by Conning in 2000. He is a graduate of Fordham University with a degree in Mathematics and earned an MA in Statistics from Columbia University. Mr Sega is a member of the CFA institute.

Thomas Spirig

Thomas Spirig

Chief Investment Officer
Zurich Insurance Hong Kong

Thomas Spirig is Chief Investment Officer with Zurich Insurance Group Hong Kong and Singapore. He oversees in-house and outsourced asset management and asset liability matching for Zurich's Life Insurance and Property and Casualty businesses. Mr Spirig has been in the insurance industry for the past 18 years, spending the first seven years based in Switzerland with Zurich Life Insurance in various roles before switching to the Investment division of Zurich Insurance more than a decade ago, where he worked in investment management in Switzerland and Australia, before moving to Hong Kong in 2014. He is a member of the Financial Markets Committee of the British Chamber of Commerce.

Steven Weinreb

Steven Weinreb

Chief Information Officer, Asia
MetLife

Steve Weinreb joined MetLife in July 2008 as the CIO of Global Applications in NewYork. In that role he was responsible for Technology across four divisions: CorporateSystems, International, Investments, and MetLife Bank. In 2012, MetLife acquired Alico and Mr Weinreb was responsible for leading the technology integration team. MetLife was subsequently restructured into three regions and Mr Weinreb was appointed to his current role as CIO for the Asia region. In this role, Mr Weinreb is responsible for overseeing application development, application maintenance and business relationships across 10 countries in Asia. He is also instrumental in definingand implementing the digital and innovation technology strategy for the region. He is a member of MetLife’s Asia Leadership Group matrix reporting to the Regional President and is based in Japan.Mr Weinreb has over 30 years of technology experience in the financial services industry and has held several senior roles such as Chief Information Officer of AIG Global Investments and was the Director of Client and Financial Management Systems at Merrill Lynch. He also spent 10 years in various roles at Smith Barney having started as a programmer analyst and rose to become First Vice President of Retail Systems division. Mr Weinreb holds a Bachelor's degree in Business Administration from SUNY, Buffalo.

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Moderators (3)

Oliver  Ralph

Oliver Ralph

Insurance Correspondent
Financial Times

Oliver Ralph is the Insurance Correspondent at the Financial Times. Prior to this Mr Ralph was Deputy Head of Lex since 2014, specialising in banking, finance and consumer. He has also been a Lex writer and, prior to this, the FT UK Companies Editor. He joined the Financial Times in 2009, having worked at Investors Chronicle from 2000 to 2009 and Euromoney from 1998 to 2000. He graduated from the University of Edinburgh in 1996.

Don Weinland

Don Weinland

Asia Financial Correspondent
Financial Times

Don Weinland is the Financial Times’ Asia Financial Correspondent, covering mergers and acquisitions, corporate finance and private equity from Hong Kong, with an emphasis on China. His beat also includes banking and insurance in the region as well as China’s financial sector. Mr Weinland joined the FT in 2016 and has spent more than a decade living and working in Asia. He speaks and reads Mandarin fluently. Prior to joining FT, he was the China Banking Correspondent at the South China Morning Post. He has also lived and reported from places such as Shanghai and Phnom Penh, where he was the business editor of the Phnom Penh Post.

Ken Koyanagi

Ken Koyanagi

Editor-at-large
Nikkei Asian Review

CPT Hours

This Summit is qualified for 6 CPT hours by the Hong Kong Society of Financial Analysts Limited (HKSFA)

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Agenda - 20th Oct

  • 8:30am
    Breakfast and Registration
  • 9:00am
    Welcome Address

    Angela Mackay, Global Publisher, FT Live, and Managing Director Asia Pacific, Financial Times

  • 9:10am
    Keynote

    John Leung, Commissioner of Insurance, Hong Kong

  • 9:30am
    Keynote Interview

    Chen Guoli, Vice Secretary-General, Insurance Asset Management Association of China

    In conversation with Don Weinland, Asia Financial Correspondent, Financial Times

  • 10:10am
    Panel Discussion: Opportunities in the World's Most Underinsured Region

    In many Asian countries, populations are growing older and richer, creating a prime market for insurance. Low penetration rates and frequent occurrence of natural disasters add to the region's appeal as a source of growth for the sector. How do opportunities in Asia compare to those elsewhere? What methods are proving effective to prevent mis-selling and low customer retention? Some ASEAN countries have seen creative distribution methods for insurance products, such as the use of scratch cards sold in convenience stores. How well do they work? What strategies are companies adopting to differentiate themselves from competitors? Is it interest rates, regulation, technology, or a combination of other factors that will have the biggest impact on shaping the industry over the next year?

    Charles Barrett, Principal Officer and CEO, Brit Global Specialty Singapore
    Marc Breuil, Regional President Asia, Berkshire Hathaway Specialty Insurance
    Jose Ribeiro, Managing Director, Asia Pacific, A.M. Best

    Moderator: Oliver Ralph, Insurance Correspondent, Financial Times

  • 11:00am
    Break
  • 11:30am
    Panel Discussion: Finding Value in a Low-Yield Environment

    Depressed interest rates in many economies coupled with heightened volatility are making it difficult for insurers to generate adequate returns on their investment portfolios. As bond yields erode, alternative strategies are starting to look increasingly attractive. Which ones are proving to be effective in Asia? Has the cost of hedging become too high? How have new regulatory requirements affected asset liability management? How much risk are insurers willing to take in their search for better returns? Insurance companies have committed over US$1 billion to technology investments, how much of this is driven by search for returns versus the need to digitize the insurance business and harness big data? What sectors, other than tech, offer attractive risk-return premiums?

    Philippe Latour, Chief Financial Officer, Asia, Ageas
    Alex Ng, Chief Investment Officer, Asia Pacific, BNP Paribas Investment Partners
    Richard Sega, Chief Investment Officer, Conning
    Thomas Spirig, Chief Investment Officer, Zurich Insurance

  • 12:20pm
    Panel Discussion: Making the Most out of M&A

    After a record year for insurance M&A, the appetite for acquisitions remains strong. In Asia, resilient economic conditions and favourable capital levels are boosting M&A activity, with many regional insurers looking to expand their reach into new geographies. Will the trend continue next year? How much of the activity is driven by the need to invest in digital solutions? What are the top strategic objectives the buyers are trying to meet? Which markets offer the most interesting opportunities? What are effective alternatives to M&A? How do firms ensure transactions will result in long-term, mutually-beneficial unions? 

    Ian Brimecome, Senior Managing Executive Officer and Executive Chairman International, Tokio Marine Holdings
    Alex Kimura, Chief Strategy Officer, Aviva Asia
    Thomas Leonardi, Senior Advisor, Evercore Partners
    Edwin Northover, International Counsel, Debevoise & Plimpton

    Moderator: Don Weinland, Asia Financial Correspondent, Financial Times

  • 1:10pm
    Lunch
  • 2:10pm
    Focus on Takaful Insurance

    Asia's large Muslim population creates extensive opportunities for providers of Shariah-compliant products. Last year, Malaysia, the global hub for Islamic finance, has seen its takaful sector grow at a faster rate than conventional insurance. Indonesia has taken steps to catch up, with President Joko Widodo setting up a committee to boost the market for Islamic finance and implementing measures to streamline regulation. More recently, the country revealed plans to allow Shariah-compliant pension funds. How are insurance companies capturing opportunities in the market? Will the regulatory changes in Indonesia spur more growth and competition? What are the most effective ways to increase awareness of takaful products? How are providers of Shariah-compliant insurance competing with conventional insurers? Do rural areas hold key to growth in this market?

    Manfred Dirrheimer, Chairman, FWU Group
    Yetty Rochyatini, Vice President & Head of Shariah, Manulife Indonesia 

  • 2:40pm
    Panel Discussion: Staying on Top of Technological Innovations

    Technology is transforming the insurance industry. Telematics are making it easier to assess how risky are customers' behaviours. Wearable devices record minute details about their owners' health. The Internet of Things is providing unprecedented amount of data about people's habits. Managing and analysing the streams of new information is a challenge in itself. What are the most efficient ways to do it? How can data be leveraged to understand customers' needs? Is there such a thing as too much information? How can the issue of data ownership and use be managed? Aside from automation and back-office, what other areas need to be prioritised for digitisation? Has technology provided effective tools to better price risks in Asia? How effective are robo-advice models? Who are the potential new disruptors in the market?

    John Brisco, Senior Vice President, Chief Information Officer and Chief Operations Officer, Manulife Asia
    Jason Kelly, Head of Liabilities and Financial Lines Greater China/Australasia, AIG Asia Pacific
    Robin Loh, Chief Digital Officer Asia-Pacific, Allianz
    Steve Ng, Senior Vice President, Product Marketing and Solutions Consulting, Commercial Group, HKT
    Frederic Tardy, Regional Chief Marketing, Digital, Data and Customer Officer, AXA Asia
    Steven Weinreb, Chief Information Officer, Asia, MetLife

    Moderator: Oliver Ralph, Insurance Correspondent, Financial Times

  • 3:40pm
    Break
  • 4:00pm
    Interview

    Yuansiong Lee, Executive Vice President and Chief Insurance Business Officer, Ping An Insurance

    In conversation with Don Weinland, Asia Financial Correspondent, Financial Times

  • 4:20pm
    Focus on Insurance in China

    China's insurance industry is undergoing a rapid expansion. According to the CIRC, last year net profits grew nearly 73 percent year on year, while premiums hit a record high of US$389 billion, making the country's market the third largest in the world. Insurers' portfolios also ballooned as they aggressively bought real estate and equities, prompting the regulator to tighten the rules in an attempt to rein in investment risks. How are Chinese insurers generating returns in light of new laws? How are new capital requirements affecting Chinese and foreign insurers? What effect are foreign insurers having on the Chinese market? What are the priorities of younger Chinese customers when they buy insurance products?

    Paul Sandhu, Head of Investment Solutions, Conning
    Wayne Xu, Chief Operating Officer, Zhongan Insurance

    Moderator: Don Weinland, Asia Financial Correspondent, Financial Times

  • 4:50pm
    Closing Remarks
  • 4:55pm
    Cocktail Reception

Why Attend?

  • Hear from regulatory authorities about the strategic changes taking place in Asia’s insurance industry
  • Find out from experts where and how insurers in Asia should be investing their capital to generate strong long-term returns
  • Learn about leveraging technology to tailor with more precision product offerings and distribution methods for different client segments
  • Gain insights into changes in regional health insurance
  • Network with leading figures from local and international insurance companies, as well as industry experts from investment management and consultancy firms
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Who Attends?

The FT Asia Insurance Summit will bring together C-Suite, VP and Director-level professionals from insurance and reinsurance companies, brokers. Typical attendees include:

  • C-Suite, VP and Directors
  • Heads of Distribution
  • Head of Product
  • Digital / Online Specialists
  • Investment Managers

OUR PREVIOUS ATTENDEES INCLUDED:

  • ACE Insurance Limited
  • AIA Group
  • AIG Australia Limited
  • Allianz Global Investors
  • Aviva Life Insurance Company Limited
  • AXA
  • BNY Mellon Investment Management
  • Cathaylife Insurance co. Ltd.
  • CCAM
  • China Life
  • CIGNA
  • Citibank N.A.
  • Dah Sing Bank, Ltd.
  • Deutsche Bank
  • Goldman Sachs (Asia) L.L.C.
  • Hong Kong Federation of Insurers
  • Hong Kong Investment Funds Association
  • Hong Kong Life Insurance Limited
  • HSBC
  • ING Bank N.V.
  • JPMorgan
  • KPMG
  • Manulife International Limited
  • Nan Shan Life Insurance
  • Ping An
  • Prudential
  • Schroder Investment Management
  • Standard & Poor’s Rating Services
  • State Street Corporation
  • UBS Investment Research
  • Zurich Life Insurance Company Ltd
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Venue

Four Seasons
8 Finance Street
Central
Hong Kong

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Organised by (1)

Financial Times Live (FT Live) is the global conferences and events division of the Financial Times Group. Chaired by senior journalists from the Financial Times Group, the summits, conferences, awards and strategic forums organised by FT Live gather the world’s brightest minds and most influential decision-makers.

Exclusive on-stage interviews, stimulating presentations and lively panel debates – available on multiple content platforms – provide the cutting-edge insights, unique personalities and peer audience engagement that have the power to transform finance, business, politics, society and culture.

The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. Providing essential news, comment, data and analysis for the global business community, the FT has a combined paid print and digital circulation of 840,000. Mobile is an increasingly important channel for the FT, driving more than half of total traffic.

Founding Partners (2)

Conning is a leading global investment management firm with a long history of serving the insurance industry. Conning supports institutional investors with investment solutions, asset management offerings and risk analytics and consulting services. Conning manages more than $121 billion* in global assets through its offices in Asia, Europe and North America.

Conning’s mission is to enhance the financial strength of its clients by delivering strong investment results, customized solutions, and exceptional service.  The company's unique combination of asset management, risk analytics tools and investment solutions helps insurance clients achieve their financial goals through customized business and investment strategies. Conning provides clients with innovative solutions, leveraging its global capabilities, investment experience, proprietary research and risk management technology.

*As of December 31, 2017, represents the combined global assets under management for the affiliated firms under Conning Holdings Limited, and Cathay Securities Investment Trust Co., Ltd. ("SITE"). SITE reports internally into Conning Asia Pacific Limited, but is a separate legal entity under Cathay Financial Holding Co., Ltd. which is the ultimate controlling parent of all Conning entities.

To reflect the diversification and globalization of financial markets, and to provide more comprehensive services to our customers, Cathay Financial Holding Co., Ltd. was established on December 31, 2001 with paid-in capital of US$3.88 billion. Primary subsidiaries of Cathay Financial Holdings include Cathay Life Insurance, Cathay United Bank, Cathay Century Insurance, Cathay Securities, Cathay Securities Investment Trust and Cathay Venture, serving collectively close to 13 million customers through nearly 730 business offices around Taiwan. Looking to the future, we will continue to seek suitable partners to further strengthen our operations. With a corporate culture that stresses integrity, trustworthiness and compliance, we will continue to integrate our products and services and leverage our extensive network of business locations and professional sales forces to provide our customers with convenient "one-stop shopping" and customized services. Based on our core principle of "sustainable management," we aspire to be the most trustworthy and reliable financial holding company and to be a leading financial institution in the Asia-Pacific region.

Gold Sponsor (1)

BNP Paribas Asset Management is the investment management arm of BNP Paribas, one of the world’s major financial institutions. Managing and advising EUR 566 billion of assets as at 30 June 2017, BNP Paribas Asset Management offers a comprehensive range of active, passive and quantitative investment solutions covering a broad spectrum of asset classes and regions. With close to 700 investment professionals and 600 client servicing specialists, BNP Paribas Asset Management serves individual, corporate and institutional investors in 73 countries around the world. Since 2002, BNP Paribas Asset Management has been a major player in sustainable and responsible investing. For more information, please visit www.bnpparibas-am.com.

Silver Sponsors (4)

Allegis Partners is a global provider of corporate talent solutions. We offer Board and C-suite retained search services, Executive recruitment, and expert talent assessment. Our seasoned search Consultants span the globe to provide our Corporate and Financial Services clients with local, regional and global talent acquisition strategies. With capabilities across the Asia Pacific region, we service our clients with proven retained search solutions, but with a boutique search firm approach unavailable through most traditional search firms. Our flexibility allows Allegis Partners to deliver truly bespoke service to our clients and not a one-size fits most methodology. Allegis Partners is part of United States-based Allegis Group, one of the world's largest and most accomplished staffing and recruitment organisations with access to more than 14,000 employees and 350 offices worldwide.

A.M. Best is a leading provider of ratings, financial data and news with a specialist focus on the worldwide insurance industry. Best’s Credit Ratings are recognised as the benchmark for assessing the financial strength of insurance-related organizations and the credit quality of their obligations.

• Established in the U.S. in 1899 and pioneered the concept of financial strength ratings in 1906

• Worldwide headquarters in New Jersey, U.S.; regional centres in London (serving Europe, Middle East and Africa), Hong Kong and Singapore (serving Asia Pacific and Oceania), and Mexico City (serving Latin America). Representative office located in Dubai (serving MENA, South & Central Asia)

• Full-service global ratings capabilities

• Over 3,500 ratings in over 80 countries worldwide

• Only international rating agency dedicated to the insurance industry

• World’s leading provider of insurer Financial Strength Ratings (FSRs) by company coverage

• Data and research covering over 16,000 (re)insurance companies worldwide

• Largest and most comprehensive insurance database providing unique insights by segment and line of business

Debevoise & Plimpton’s Insurance Group brings more than 35 years of industry experience to provide premier legal advice on complex transactions, high-stakes disputes and challenging regulatory engagements. The firm has a long history in Asia, regularly working with major insurers on matters that grow, reshape or refocus their business.

HKT is Hong Kong's premier telecommunications service provider and leading operator in fixed-line, broadband and mobile communication services. It meets the needs of the Hong Kong public and local and international businesses with a wide range of services including local telephony, local data and broadband, international telecommunications, mobile, and other telecommunications businesses such as customer premises equipment sales, outsourcing, consulting, and contact centers

Strategic Media Partner (1)

Nikkei Asian Review brings insights from Asia, from the inside out. As part of Nikkei, Asia’s largest independent business media group, it offers comprehensive pan-Asian reporting that is vital to your decision making. With an extensive network of contributors including academics, government leaders and captains of industry from around the world, it gives readers a fuller picture of business in Asia, while its “Asia300” content provides in-depth coverage of the most influential and fastest-growing listed companies from 11 economies outside Japan.

Supporting Partners (3)

The Hong Kong actuarial professional body was first formed in 1968 as the Actuarial Association of Hong Kong.  26 years later, its successor, the Actuarial Society of Hong Kong (ASHK) was duly incorporated in January 1994.  The ASHK is a membership organization for actuaries in the industries of insurance, consultancy, finance, education institutes and government.  Since 1999, the ASHK has become a full member of the International Actuarial Association. The ASHK is governed by an elected Council and regulates its members by setting certain Professional Standards and Actuarial Guidance Notes.

The Hong Kong Investment Funds Association (“HKIFA”) is a non-profit-making organization that represents the asset management industry in Hong Kong.  We have two major roles, namely consultation and education.   On consultation, we work closely with the authorities to relay the views of our members on issues that have implications for the asset management industry.  On education, we spearhead initiatives to enable Hong Kong people to understand more about the risk/return characteristics of mutual funds; and to use them effectively for retirement investment and other financial planning purposes.  We have 67 fund management companies as full/overseas members, managing about 1,350 SFC-authorized funds.  Assets under management were about US$1,130 billion as at the end of April 2017.  In addition, we have 60 affiliate and associate members.

The Hong Kong Society of Financial Analysts Limited (HKSFA) is a non-profit organisation founded in 1992 by a group of CFA charterholders in Hong Kong. The Society currently has over 6,486 members and is one of the largest member societies of CFA Institute which has more than 146,000 members in 160 countries/territories. The Society is mostly run by member volunteers with the support of a team of professional staff.

HKSFA shares the mission of CFA Institute in raising professional and ethical standard of financial analysts and investment practitioners through our continuing education events and advocacy effort. In addition to promoting the CFA designation in Hong Kong, the Society aims to provide a forum for our members, CFA Institute, other investment practitioners and regulators.

Supporting Media Partners (4)

In addition to being a global credit rating agency, A.M. Best is a publisher of (re)insurance industry references and resources, online and in print. A.M. Best's flagship publication, Best's Insurance Reports, is made up of detailed analytical reports on thousands of insurers in the U.S., Canada, U.K., Continental Europe, Asia-Pacific and across the rest of the world. A.M. Best's Financial Suite presents value-added data from insurers' financial statements. A respected source of original news reporting on the insurance industry, Best's Insurance News & Analysis is a comprehensive service that provides access to special reports, statistical studies, the BestWeek news wrap-up, Best's Review monthly magazine, and the BestDay daily news digest from the A.M. Best Company.

Asia Insurance Review (AIR), hailed by market leaders as the leading premier professional regional journal, is a strategic partner to the insurance industry.  It is continually committed to serving the insurance industry with information, technical and editorial content as well as daily on-the-spot updates, high quality technical conferences, reinsurance rendezvous and industry Awards to support the industry’s march towards higher standards and greater professionalism.

For 25 years, AIR has remained the official magazine of leading industry events in Asia including the East Asian Insurance Congress (EAIC), and the Singapore International Reinsurance Conference (SIRC), while being the Permanent Observer of the Asean Insurance Council. 

Caproasia Online is an E-Magazine for Wealth Managers, Private Bankers & Investment Professionals, providing the most exciting content for Asia's wealth management and investment professionals. Collectively, they manage more than $20 trillion assets in Asia.

About Caproasia

Caproasia is a financial information service company.  We focus on research and development, and providing relevant information, products and services to Wealth & Investment Professionals in Asia.

Caproasia Series:

  • Caproasia Online
  • Jobs Center
  • Research Center
  • Caproasia Institute
  • Caproasia Professional

Published from Hong Kong, Insurance Asia News offers leading-edge commentary, opinion forming features and in-depth interviews for Asia’s insurance market. 

Across the areas of emerging risks, life, health, asset management, regulation, convergence etc., Insurance Asia News will provide an essential take on the news of the moment and where possible, interpret the news in terms of its impact for markets in the future.

There is a clear demand for objective, independent and authoritative analysis. At a time of immense market change, and through the convergence of the insurance and banking sectors, the editorial coverage provided by Insurance Asia News will be valued and trusted by our readers.

Exclusive PR Partner (1)

Citigate Dewe Rogerson is a leading international financial communications consultancy, and has been in Asia Pacific for more than 25 years. With offices in Hong Kong, Beijing, Singapore and Shanghai, we are trusted advisors to major and emerging companies and to industry bodies - whenever clear and persuasive communication will make a difference.
We offer intelligent, tailored solutions delivered by a team of high-calibre people. Our sophisticated advisors bring their experience from journalism, investment banking, accountancy, financial analysis and other professional disciplines.
Our practice areas are transaction communications, investor relations and corporate communications.

Contact Us

Sponsorship Opportunities
Michael Hinc
Commercial Manager, APAC
Delegate Booking And Registration Enquiries
Pamela Lam
Conference Executive
Speaking Opportunities
Momoe Ikeda
Senior Content Editor
Media Partner And Press Enquiries
Vian Fu
Marketing and Campaign Executive

2015 event - FT Asia Insurance Summit

Details of the 2015 event - FT Asia Insurance Summit 2015 can be found here.

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