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Banking and Capital Markets

FT China Insurance Summit

Reshaping a resurgent industry

Beijing |
Speakers include:
Li  Xiaolin

Li Xiaolin

Central University of Finance and Economics

Cao Deyun

Cao Deyun

Insurance Asset Management Association of China

Yeo  Siew Mee

Yeo Siew Mee

Conning Asia Pacific

Overview

After a period of slowing down, China’s insurance industry is on the upswing again. Measures announced last year to liberalise the country’s US$40 trillion financial sector included plans to raise caps on foreign ownership in China’s life insurers and other financial entities, eventually scrapping limits entirely. While expansion of market shares for foreign players is a long way off, China’s insurance industry already has seen significant change since 2017. Recent “New Measures” enhance curbs on shareholdings in insurance companies. And in a streamlining exercise, regulators for the banking and insurance sectors have merged, purportedly to clarify responsibilities and end cross-regulation glitches.

To control wayward elements in the industry, more stringent regulatory policies have been imposed on asset liability management (ALM), corporate governance, solvency and accounting standards, among other aspects – testing domestic insurers, asset managers and other financial institutions. How they adapt to this changing environment will determine their future operations, profitability and ambitions.

Digital technology is another potent force moulding the insurance industry, driving companies to innovate in products and services – to the benefit of customers. For China’s technology giants, this is a huge domestic opportunity where they would clearly lead foreign rivals. How will they retain their edge? How can insurers raise their competitive ability in this strict environment?

The FT China Insurance Summit: Reshaping a resurgent industry is the second in the series. It will bring together leading insurers, asset managers and technology experts from China and overseas to discuss the best strategies to compete in the digital era, and benefit from a planned easing of the financial sector, even as much-needed curbs are imposed on unruly elements in the insurance industry.

* Simultaneous interpretation will be provided at the summit. 

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fallback Add to my Calendar 06/21/2018 08:00:0006/21/2018 18:00:00trueFT China Insurance Summit After a period of slowing down, China’s insurance industry is on the upswing again. Measures announced last year to liberalise the country’s US$40 trillion financial sector included plans to raise caps on foreign ownership in China’s life insurers and other financial entities, eventually scrapping limits entirely. While expansion of market shares for foreign players is a long way off, China’s insurance industry already has seen significant change since 2017. Recent “New Measures” enhance curbs on shareholdings in insurance companies. And in a streamlining exercise, regulators for the banking and insurance sectors have merged, purportedly to clarify responsibilities and end cross-regulation glitches.To control wayward elements in the industry, more stringent regulatory policies have been imposed on asset liability management (ALM), corporate governance, solvency and accounting standards, among other aspects – testing domestic insurers, asset managers and other financial institutions. How they adapt to this changing environment will determine their future operations, profitability and ambitions.Digital technology is another potent force moulding the insurance industry, driving companies to innovate in products and services – to the benefit of customers. For China’s technology giants, this is a huge domestic opportunity where they would clearly lead foreign rivals. How will they retain their edge? How can insurers raise their competitive ability in this strict environment?The FT China Insurance Summit: Reshaping a resurgent industry is the second in the series. It will bring together leading insurers, asset managers and technology experts from China and overseas to discuss the best strategies to compete in the digital era, and benefit from a planned easing of the financial sector, even as much-needed curbs are imposed on unruly elements in the insurance industry.* Simultaneous interpretation will be provided at the summit. FT-China-Insurance-Summit-11f288d9a91b3ebe3d003465cd698e4bMM/DD/YYYY

SI

SIMULTANEOUS INTERPRETATION WILL BE PROVIDED AT THE SUMMIT

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Speakers (25)

Li  Xiaolin

Li Xiaolin

Dean, School of Insurance, Director, International Joint Experimental Center for Innovation in Insurance and Risk Management
Central University of Finance and Economics

Li Xiaolin is Dean of the School of Insurance and Director of the International Joint Experimental Center for Innovation in Insurance and Risk Management at the Central University of Finance and Economics (CUFE). Prof Li is also Supervisor of Insurance and Actuarial Science, Honorary Fellow of the Faculty and Institute of Actuary (UK), and Chief Research Professor and Director of the Academic Committee of the Beijing Institute of Insurance. He is Secretary-General of the National Insurance Professional Degree Education Steering Committee, Deputy Director of the Internet Insurance Professional Committee of the National Internet Finance Association of China, Deputy Chairman of the Automobile Insurance Expert Committee of the China Insurance Association, Executive Director of the Insurance Society of China, and Director of the China Association of Actuaries. In addition, he is Adjunct Professor at various universities, sits on the academic committees of key research Institutes of the Ministry of Education, and is a chief expert of social security for various provinces and municipalities. Prof Li is the founder and former dean of the China Institute for Actuarial Science of CUFE, the key research institute of China’s Ministry of Education. He earned his doctorate degree in Economics.

Cao Deyun

Cao Deyun

Executive Vice President and Secretary General
Insurance Asset Management Association of China

Cao Deyun is Executive Vice-President and Secretary General of the Insurance Asset Management Association of China (IAMAC), and a senior economist. Prior to joining IAMAC,  served at the headquarters of the People's Bank of China and China Insurance Regulatory Commission. Mr Cao has worked in macroeconomic management and financial regulation for nearly 30 years, and is an expert on China’s and global economy, monetary policy, financial markets and insurance asset management regulation, among other fields. He has solid knowledge of economics and finance, as well as vast experience in financial regulation practice. He holds a doctorate degree.

Yeo  Siew Mee

Yeo Siew Mee

Chief Investment Officer
Conning Asia Pacific

Yeo Siew Mee is Chief Investment Officer at Conning Asia Pacific. She heads the investment department and is responsible for investment strategy, process, performance and risk management. Ms Yeo joined Conning Asia Pacific from HSBC Private Bank Singapore, where she was the lead investment manager for the fixed-income component of discretionary multi-asset programmes. Prior to HSBC, she headed the Global Credits team in the Global Fixed Income Division of the Monetary Authority of Singapore (MAS), including leading the team's investment activities out of the MAS Singapore and New York offices. She started her career in the MAS as a financial regulator, supervising securities and futures intermediaries, and has over 18 years of experience in the financial industry. Ms Yeo holds a Bachelor of Social Sciences in Economics (Honours) from the National University of Singapore, and is a CFA charterholder.

Angela Bai

Angela Bai

Secretary General
China Alliance of Social Value Investment (CASVI)

Angela Bai is Secretary General of the China Alliance of Social Value Investment (CASVI). She is the founder of COIN (Cross-Over Innovation Network), and independent director of SWS MU Fund Management and of Grameen China. Ms Bai has more than 23 years’ experience in the finance industry and was head of the ICBC Busan Branch in South Korea. She was the Vice-President of MasterCard Worldwide GKA (HSBC) and Managing Director of AGIC Capital.

Benjamin  Cavender

Benjamin Cavender

Director
China Market Research Group

Benjamin Cavender is Director with the China Market Research Group (CMR). His work focuses on consumer behaviour analysis, market analysis, due diligence, retail strategy, brand positioning and growth strategies in the China market. He also has oversight of CMR projects for Fortune 500 companies, small and medium-sized enterprises, and Chinese companies seeking to expand their presence in the e-commerce, entertainment, fashion & apparel, food & beverage, hospitality,
luxury goods and TMT sectors in China and abroad, as well as projects for institutional investors and their portfolio companies. Mr Cavender, who has been with CMR since 2006, is a frequent guest on CNBC, Bloomberg TV, and the BBC, and is regularly quoted in The Economist, The Wall Street Journal, BusinessWeek and Financial Times. 

Cathy Chen

Cathy Chen

Chief Financial Officer
Peak Reinsurance

Cathy Chen is Chief Financial Officer (CFO) for Peak Reinsurance, responsible for overseeing the company’s financial and operational management. She has more than 10 years of accounting and financial experience in both the insurance and reinsurance industries, and has solid
knowledge of related regulations. Prior to joining Peak Re, Ms Chen was Chief Representative for Lloyd’s Beijing representation office, responsible for promoting the Lloyd’s brand and for enhancing the organisation’s government relations in China. Before that, she was the CFO for Swiss Re’s China operation; she successfully established and maintained good relationships with government authorities, including the China Insurance Regulatory Commission and State Administration for Foreign Exchange, as well as local and state tax bureaux. Ms Chen holds a Master of Business Administration degree in Finance and a Bachelor’s degree in Economics. She is also a member of the Association of Chartered Certified Accountants Fellowship.

Kevin Chen

Kevin Chen

Chief Executive Officer
ZhongAn Technology

Kevin Chen is Chief Executive Officer of ZhongAn Technology. He took on his position after ZhongAn Online P&C Insurance in 2016 formed its wholly owned subsidiary, ZhongAn Information Technology Service. He also serves as Deputy Director of the Financial Blockchain Application Committee of the China Fintech Innovation Alliance. Mr Chen has more than 20 years’ managerial experience of information technology in insurance. In his current role, he is responsible for the overall management of the company and oversees its day-to-day operations. Before joining ZhongAn Technology, he held managing positions in ZhongAn Insurance, Soochow Life Insurance and Anbang Insurance Group. Mr Chen has proposed a series of theories, centring on the idea of “Financial Innovation Empowered by Technology”, which drives remarkable development in terms of the application of Insurtech and blockchain in the financial sector. He holds a Bachelor’s degree in Computing and a Master of Business Administration degree from Fudan University.

Chen Ziyang

Chen Ziyang

General Manager, Research and Allocation Department, Asset Management Centre
China Pacific Life Insurance

Chen Ziyang is General Manager, Research and Allocation Department, Asset Management Centre, with China Pacific Life Insurance. He was previously Deputy
General Manager of the Portfolio Management Department and Credit Evaluation Department in the company. Mr Chen’s focus has been on insurance fund
management in his career. Mainly responsible for Asset and Liability Management (ALM), Strategic Asset Allocation and Accounts Management, he has extensive
experience and expertise in Insurance ALM and Asset Allocation, theoretically and practically. Over the past few years, he has been fully engaged in optimising the ALM
structure at China Pacific, including structural design, system formation and model initiation. His implementation of strategic and tactic Asset Allocation in the
department has achieved a stable and sustainable investment performance. Mr Chen’s expertise has led him to be invited frequently by the Insurance Association of
China and the Insurance Asset Management Association of China to lecture on Insurance Asset Allocation and ALM. Mr Chen graduated with a Master’s degree in
Economics from the Shanghai University of Finance and Economics.

Iain  Forrester

Iain Forrester

Head of Insurance Investment Strategy
Aviva Investors

Iain Forrester is Head of Insurance Investment Strategy for Aviva Investors. He is responsible for developing Aviva Investors’ solutions business for global insurance companies, delivering outcome-oriented investment strategies that meet the complex needs of insurers. Prior to joining Aviva Investors, Mr Forrester was an Investment Director in the Insurance Solutions team at Standard Life investments, with responsibility for developing investment propositions for global insurance clients. Previously at Standard Life, he held senior leadership roles where he focused on investment strategy and asset-liability management. Mr Forrester is a Fellow of the Institute & Faculty of Actuaries and has a degree in Mathematics from the University of Cambridge.

Emiel  van den Heiligenberg

Emiel van den Heiligenberg

Head of Asset Allocation
Legal & General Investment Management

Emiel van den Heiligenberg is Head of Asset Allocation with Legal & General Investment Management (LGIM), responsible for asset allocation strategy and macro-
research. A member of the LGIM Board, he has in the five years since he joined LGIM in 2013 built a highly successful team and multi-asset business, with the LGIM asset allocation team considered among the fastest-growing and best-performing in Europe. Mr van den Heiligenberg and his team have won more than US$35 billion in new mandates from a broad range of clients, including pension funds, wealth, retail, insurance companies, endowments and supranational institutions. A passionate macro-investor and blogger, Mr van den Heiligenberg in 2016 launched www.macromatters.com, where he and his team share macro-ideas. Before joining LGIM, he was Chief Investment Officer of the Multi-Asset Solutions Group at BNP Paribas Investment Partners. Prior to BNP Paribas, he was a portfolio manager at ING Investment Management, joining the company after working as a policy advisor in the Dutch Ministry of Finance. Mr van den Heiligenberg graduated from Tilburg University in the Netherlands with a Master’s degree in economics and holds a postgraduate qualification from VBA/EFFAS (the European Federation of Financial
Analysts Societies).

Jia  Jingwei

Jia Jingwei

Chief Executive Officer
Swiss Re Corporate Solutions China

Jia Jingwei is the Chief Executive Officer of Swiss Re Corporate Solutions China. He has been with Swiss Re for more than 15 years and has held various senior positions in many key markets. In 2013 Mr Jia took the role of Head of Corporate Development Asia-Pacific in Swiss Re International SE. He was later appointed Special Project Manager in charge of the acquisition of RSA China and the establishment of Swiss Re Corporate Solutions in China following the acquisition. Prior to his role as Head of Corporate Development, Mr Jia worked across critical functions, including business development and underwriting for the Swiss Re reinsurance business unit in Armonk in the US, Beijing and London. He obtained his Master’s degree in Management and Regulation of Risk at the London School of Economics and Political Science in 2003.  He earned the Chartered Property and Casualty Underwriter designation in 2006.

Patrick  Jiang

Patrick Jiang

Vice Chief Engineer, Group CRM Platform, Senior Product Director, Group Big Data Solutions, Customer Solution Director, Insurance Business
Ping An Technology

Patrick Jiang is Vice Chief Engineer, Group Customer Relationship Management (CRM) Platform, Senior Product Director, Group Big Data Solutions, and Customer Solution Director, Insurance Business, at Ping An Technology (Shenzhen). He specialises in Customer Relationship Management Solutions, Finance and Insurance Solutions, Internet Products and Data Products, among other aspects. Before joining Ping An, Mr Jiang worked for IBM, Oracle and Capgemini as CRM consultant. He holds a Bachelor’s degree in Computer Science major, from Shanghai Jiao Tong University, and passed the Siebel Consultant Certification in 2002.

Alex Kimura

Alex Kimura

Chief Strategy Officer
Aviva Asia

Alex Kimura is Chief Strategy Officer at Aviva Asia. Appointed in 2014, his responsibilities include Strategy, Corporate Development and Mergers and Acquisitions (M&A), Digital and Analytics, Corporate Responsibility and Transformation for Asia. Alex has a wealth of operating expertise and experience in the financial-services industry and Asian markets. A main focus has been digital innovation, where he spearheaded efforts to launch the Digital Garage and form a joint venture with Hillhouse and Tencent. Alex is also the current Chairman of the MAS Digital Innovation Roundtable. Prior to Aviva, he joined the AXA Group in 2000, and later in 2006 oversaw the Asia-Pacific region, reporting to the Group Chief Executive Officer. During this time, he was instrumental in major transactions and structuring activities across the region. Before joining AXA, Alex was at Bain, where he worked mainly in the US and Asia on insurance and financial-services strategy, private-equity transactions and cross-border M&As. Alex also worked for many years in investment banking at Morgan Stanley in Asia and the US. He holds a Master of Business Administration degree from Columbia University in Finance and International Business with Distinction, and has completed Stanford University's Executive Leadership Program.

Li Jin

Li Jin

General Manager, Enterprise Risk Management
ICBC-AXA Life

Jin Li is General Manager, Enterprise Risk Management, with ICBC-AXA Life. He has extensive experience in the domestic and overseas insurance industry. His practice fields include enterprise risk management (ERM), asset liability management (ALM) and investment analysis, corporate actuarial, capital management, financial engineering, derivative strategies and dynamic asset allocation. Over the past years, he has succeeded in localising global best practices in ERM and ALM, establishing hedging practices for local insurance products and setting up localised SAA methodologies, among others.

Luan  Chengxiao

Luan Chengxiao

General Manager, Strategy & Innovation Department
Huatai Insurance Group

Luan Chengxiao is General Manager, Strategy & Innovation Department, with the Huatai Insurance Group. He has a comprehensive understanding of an insurance company's value chain, and has worked in the insurance industry for about 20 years. During this period, Mr Luan worked in operations (with New China Life Insurance), sales management (Skandia Life Insurance), general management of an insurance broker (Soderberg & Partners) and management consulting for the insurance industry (IBM). Mr Luan holds the qualifications of FLMI, PMP, Chinese Lawyer and an Insurance Broker certificate. He graduated from the Central University of Finance and Economics with a Master’s degree in Risk Management & Insurance Actuarial.

Han  Xue

Han Xue

Assistant General Manager, Investment Department
PICC Life Insurance

Han Xue, Catherine, is Assistant General Manager, Investment Department, at PICC Life Insurance. She joined the company in January 2015 as Assistant General
Manager of the Actuarial/Reinsurance Department and then the Investment Department. Ms Han has 15 years of industry experience in investment, actuarial
and risk management with leading international insurers. She previously worked with Aviva, Sun Life Financial of Canada and Prudential in the UK. Ms Han holds a BSc
degree in International Accounting from Tsinghua University in China, an MSc degree in Accounting and Finance from MBS of Manchester University and an MSc
degree in Actuarial Science from CASS Business School of City University in the UK. She is an executive member of the Asset and Liability Management (ALM) Committee of the Insurance Asset Management Association of China (or IAMAC).

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.
 

Mark  Saunders

Mark Saunders

Head of Risk Solutions
Conning Asia Pacific

Mark Saunders is Head of Risk Solutions at Conning Asia Pacific. His team provides risk analysis and asset liability management (ALM) solutions to insurance companies and institutional investors across Asia. He works with insurers to implement Conning’s suite of risk modelling tools that support the development of their risk management framework. Prior to joining Conning Asia Pacific, Mr Saunders had various actuarial roles at AXA UK, before specialising in improving their risk modelling and reporting processes, focusing on Solvency II and Embedded Value. He then joined Prudential Hong Kong in a governance role, producing presentations for the board and Asset-Liability Committee. Mr Saunders holds a Bachelor’s degree in Mathematics and Philosophy from the University of Bristol; he is a Fellow of the Institute and Faculty of Actuaries and a Chartered Enterprise Risk Actuary. 

Steven Shi

Steven Shi

Chief Insurance Officer, Liangzibao Insurtech, and Former President
Union P&C Insurance

Steven Shi is Advisor, Union P&C Insurance, and Chief Insurance Officer, Liangzibao. He was till May the President and Chief Executive Officer of Union P&C Insurance. He has over 30 years’ experience in the insurance industry in China, with expertise in digital insurance and business innovation. Mr Shi has held a variety of senior positions at the People's Insurance Company of China (PICC) and Huatai P&C Insurance, where he led the e-commerce business unit. Earlier, he served as post-graduate tutor at the University of International Business and Economics, visiting professor in the Insurance Lecture Forum held by the Insurance Association of China, as well as a vital member of the “thousands of people expert group plan” organised by the association.

Tian Jinzhao

Tian Jinzhao

Deputy General Manager, Actuarial Department
China Life Insurance

Tian Jinzhao is Deputy General Manager, Actuarial Department, with China Life Insurance. He has been in the actuarial industry
for 20 years. His current research scope includes asset liability management, capital and risk management, SAA investment performance evaluation and solvency regulation, among other aspects. Mr Tian is a member of the China Association of Actuaries (or CAA), of the Risk Management Committee of the International Actuarial Association (or IAA), and of the Asset Liability Management Expert Committee, Insurance Asset Management Association of China (or IAMAC).

Tong Linkuo

Tong Linkuo

Head of Product Actuarial Department
Bohai Life Insurance

Tong Linkuo is Head of Product Actuarial Department with Bohai Life Insurance. He has 13 years of experience in the life insurance actuarial field, and has previously worked at New China Life and Yingda Life. Mr Tong is a Fellow and member of the China Association of Actuaries.

Wang Xingjiang

Wang Xingjiang

Head of Department, Future Center
Sunshine Insurance Group

Wang Xingjiang is Head of Department, Future Center, with Sunshine Insurance Group. He has nearly 20 years' experience in insurance management. His previous employers include Ping An Insurance Group.

Wu  Chun-Hung

Wu Chun-Hung

Senior Executive Vice-President
Cathay Life Insurance

Wu Chun-Hung is Senior Executive Vice-President of Cathay Life Insurance. He is also Director of Cathay Securities Investment Consulting and Cathay Lujiazui Insurance. Mr Wu has worked in the insurance industry for more than 20 years and currently is responsible for Cathay Life’s actuarial operations. He has extensive knowledge and experience in actuarial and product design, and was earlier in senior management positions for seven years at Cathay Lujiazui Life Insurance, formerly known as Cathay Life Insurance (Shanghai). Mr Wu is qualified as an Associate of the Society of Actuaries and serves as Supervisor of The Actuarial Institute of The Republic of China to assist in the development of actuarial affairs in Taiwan. He also acts as Supervisor of Cathay Insurance and of Cathay Life Insurance (Vietnam).

Xie  Yuantao

Xie Yuantao

Professor, Statistics and Actuarial Science, and Vice-Dean, School of Insurance and Economics,
University of International Business and Economics

Xie Yuantao is Professor of Statistics and Actuarial Science, and Vice-Dean, School of Insurance and Economics, University of International Business and Economics. His current research is focused on: Actuarial science and Risk Management: casualty, loss models, qualitative risk management and asset liability management; Statistical analysis: generalised linear (mixed) models; and Advanced Statistical Analysis System coding. Dr Xie is a member of the: American Risk and Insurance Association; Mathematical Finance and Financial Engineering Specialised Committee in the China Society for Industrial and Applied Mathematics; and Health Insurance Specialised
Committee in the Chinese Preventive Medicine Association. He is also an expert and consultant on the Statistical Analysis System of the Beijing Health Insurance Information Platform. Dr Xie earned his PhD from China’s Renmin University. He has been a post-doctor at the School of Public Health, Boston University, and a research scholar for the United States Department of Veterans Affairs; he also has conducted research at the Shriners Hospitals for Children in Boston. Dr Xie has been published in professional journals in the area of insurance, actuarial science and statistical analysis. 

Xu Chubin

Xu Chubin

Chief Actuary, Vice-Chief Financial Officer and Member of Executive Committee
Minsheng Life

Xu Chubin is Chief Actuary, Vice Chief Financial Officer and a Member of the Executive Committee at Minsheng Life. He has previously worked for Shanghai Securities, Sino-life, Zhongrong Life, and Founder Meiji Yasuda Life (originally known as Haier New York life Insurance). Mr Xu was mainly engaged in strategic planning, product development management, actuarial and risk management, as the leader of projects on unit-linked product development, ABS of policy loan, and medical insurance innovation. He is a graduate in Applied Mathematics from Tongji University in Shanghai.

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Co-Chairs (2)

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 the 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.

Tom Mitchell

Tom Mitchell

Beijing Bureau Chief
Financial Times

Tom Mitchell was appointed Beijing Bureau Chief of the Financial Times in March 2016. He was previously Beijing Correspondent for three years. Prior to that, Mr Mitchell was the FT’s Deputy News Editor, based in London, and the South China Correspondent, based in Hong Kong. A graduate of Duke University and former Fulbright scholar, Mr Mitchell has lived and worked in mainland China and Hong Kong since 1992. He began his journalism career with the Economist Intelligence Unit, a subsidiary of the London based Economist Group, in 1996. In 2000, he began a three-year posting as Guangzhou Bureau Chief for the South China Morning Post, becoming the first Western newspaper correspondent to be based in South China since 1949. He returned to Hong Kong in 2003 and served another three years as the Post’s Deputy Business Editor before joining the FT in 2006. In 2007, Mr Mitchell was part of the group of FT journalists who won the Society of Publishers in Asia award for ‘Scoop of the Year’, for breaking the news on China intervening to block the sale of PCCW to foreign investors.

Moderator (1)

Wang Feng

Wang Feng

Editor-in-Chief
FTChinese.com

Wang Feng is Editor-in-Chief of FTChinese.com. He has 20 years of experience in the media industry, joining the Financial Times in his current position in April 2015. Previously, he had worked for three years as Online Editor at the South China Morning Post (SCMP) in Hong Kong, in charge of the English-language website scmp.com. He built an online editorial team after the site’s relaunch in 2012, and led the team to win multiple SOPA and Asian Media Awards. Before SCMP, Mr Wang was with Thomson Reuters in Beijing for five years, first as founding editor of Reuters China Website (cn.reuters.com), and then as Editor-in-Charge of Reuters Chinese News Service. Before Reuters, he had worked at various Chinese news organizations, including three years as senior writer and International Editor at Caijing Magazine. Mr Wang holds a Master’s degree in journalism from the University of California, Berkeley. 

Agenda - 21st Jun

  • 8:00am
    Registration and refreshments
  • 8:50am
    FT chair’s opening remarks

    Tom Mitchell, Beijing Bureau Chief, Financial Times

  • 9:00am
    Opening keynote: Financial liberalisation, tighter rules

    China’s insurance industry should get a fillip once proposed measures to open up the country’s US$40 trillion financial sector go into effect. The plan to raise ceilings on foreign ownership in China’s life insurers and other financial entities will change the dynamics of investment and competition in the industry, especially for domestic companies. Alongside the announced financial liberalisation, China’s regulators are tightening rules on compliance and equity to control wayward elements in the industry. Have their efforts been successful? What is the current state of play in the insurance industry, and the prognosis for the next three years? What impact will a robust insurance industry have on the overall economy?

    Li Xiaolin, Dean, School of Insurance, Director, International Joint Experimental Center for Innovation in Insurance and Risk Management, Central University of Finance and Economics

    Moderator: 
    Tom Mitchell, Beijing Bureau Chief, Financial Times

  • 9:20am
    Keynote: New rules, new impact

    Cao Deyun, Executive Vice President and Secretary General, Insurance Asset Management Association of China

  • 9:40am
    Dialogue: New rules, new impact

    Regulatory changes since 2017 are aimed at curbing wayward insurers in China. The introduction of phase two of the China Risk Orientated Solvency System or C-ROSS is directed at strengthening coordination of a new solvency supervisory regime. Meanwhile, changes in International Financial Reporting Standards will determine how insurers and other corporates account for their financial assets and liabilities. How are these new rules currently affecting China’s insurance industry? What is their impact foreseen over the next three years? What are the potential implications for investment strategies that have been optimised against existing solvency and accounting constraints?

    Iain Forrester, Head of Insurance Investment Strategy, Aviva Investors
    Xie Yuantao, Professor, Statistics and Actuarial Science, and Vice-Dean, School of Insurance and Economics, University of International Business and Economics

    Moderator: 
    Tom Mitchell, Beijing Bureau Chief, Financial Times

  • 10:10am
    In conversation with…

    Emiel van den Heiligenberg, Head of Asset Allocation, Legal & General Investment Management (LGIM), macro-investor and member of the LGIM Board, talks with FT about critical market themes: Is this the end of the global bull market? Does global diversification matter for Chinese insurance companies? What are the biggest global opportunities and risks? Is this the end of easy money? How would best-in-class European insurance asset management practices be brought to China?

    Moderator:
    Don Weinland, Asia Financial Correspondent, Financial Times

  • 10:35am
    A closer look: Where to put your money

    Two experts look at the best products, services and strategies to target in a changing regulatory environment. What will be the impact of tighter rules on these investment initiatives?

    Angela Bai, Secretary General, China Alliance of Social Value Investment
    Yeo Siew Mee, Chief Investment Officer, Conning Asia Pacific

    Moderator:
    Wang Feng, Editor-in-Chief, FTChinese.com

  • 11:00am
    Networking break
  • 11:20am
    Viewpoint: Gauging appetite for portfolio risk

    Given the surprising shifts in the economic climate, how are insurance firms positioning their portfolio management and ALM strategies? Has the appetite for portfolio risk increased? If so, what are the underlying reasons and the implications for investment strategies? How are regulatory changes and capital requirements in China influencing decisions on asset allocation?

    Cathy Chen, Chief Financial Officer, Peak Reinsurance
    Mark Saunders, Head of Risk Solutions, Conning Asia Pacific

    Moderator: 
    Don Weinland, Asia Financial Correspondent, Financial Times

  • 11:50am
    Panel discussion: Managing assets and liabilities in a volatile, uncertain market

    Recent regulatory measures aim to enhance oversight on how insurers manage their assets and liabilities. The procedures, which include an investment-grading system and third-party assessments of insurance firms’ capabilities, will also apply to branches of foreign insurance companies in China. The rules are part of the government’s attempt to corral unduly aggressive and unruly elements in the industry, in order to establish a healthy process for ALM and stabilise the country’s financial markets. What more does the government need to do? How should insurers prepare for the implementation of the rules? To what extent will the new regulations affect foreign players, given the proposed liberalisation of the financial markets? How can insurers develop an effective ALM strategy in this changing economic and regulatory environment? What are the opportunities and challenges of ALM strategies in China? 

    Chen Ziyang, General Manager, Research and Allocation Department, Asset Management Centre, China Pacific Life Insurance
    Han Xue, Assistant General Manager, Investment Department, PICC Life Insurance
    Li Jin, General Manager, Enterprise Risk Management, ICBC-AXA Life
    Tian Jinzhao, Deputy General Manager, Actuarial Department, China Life Insurance

    Moderator: 
    Tom Mitchell, Beijing Bureau Chief, Financial Times

  • 12:30pm
    In the horizon: Learning from Taiwan

    As a major insurance market in Asia with a high penetration rate, Taiwan has experience in finding the best strategies for growth, managing assets and liabilities, generating returns on investment, and fulfilling consumer expectations. For insurers, Taiwan’s framework of checks and balances can provide a useful guideline on how to ensure high standards of compliance and remain vigilant against malpractices in the industry. 

    Wu Chun-Hung, Senior Executive Vice-President, Cathay Life Insurance

    Moderator:
    Tom Mitchell, Beijing Bureau Chief, Financial Times

  • 12:55pm
    Networking Lunch
  • 2:00pm
    China’s Belt and Road scheme: What it means for investors and insurers

    Demand for insurance policies is likely to increase when work begins on infrastructure projects linked to China’s Belt and Road Initiative. How can investors and asset managers capitalise on this infrastructure boom?

    Benjamin Cavender, Director, China Market Research Group
    Jia Jingwei, CEO, Swiss Re Corporate Solutions China
    Edwin Northover, Partner, Debevoise & Plimpton

    Moderator:
    Don Weinland, Asia Financial Correspondent, Financial Times

  • 2:35pm
    Sector focus: Life insurance

    The Chinese government’s continuing regulation of life-insurance products is not only stabilising this sector but also is benefitting firms that are less exposed to risky products. The opportunity in tapping the vast number of uninsured, however, is attracting fresh rivals, including affiliates of the big technology giants. Where should be the greatest focus and innovation: annuity, pensions, and age-related protection products? To what extent will the shifting shape of the life-insurance sector lead to greater consolidation and more takeovers in the industry? How have tightening regulatory norms affected insurers and consumers?

    Luan Chengxiao, General Manager, Strategy and Innovation, Huatai Insurance Group
    Tong Linkuo, Head of Product Actuarial Department, Bohai Life Insurance
    Xu Chubin, Chief Actuary, Vice-Chief Financial Officer and Member of Executive Committee, Minsheng Life

    Moderator:
    Wang Feng, Editor-in- Chief, FTChinese.com

  • 3:10pm
    Networking break
  • 3:30pm
    Panel discussion: Bits and bytes – investing in insurance in the digital era

    China is at the forefront of insurtech in the world. Digital technology is innovating processes and products in the insurance value chain in the country. It is helping both established players and newcomers to better identify customer needs, and to tailor services accordingly. This is improving customer experiences and, subsequently, expectations. The enhanced understanding of customer needs is enabling insurers to delve deeper through technology into conventional areas of insurance, such as health, or to introduce new insurance products using Artificial Intelligence, blockchain and other technologies. How can enhanced investment help insurtech companies to ramp up? What do investors see as the best strategies for growth in the next stage of digitalisation of insurance? How can it widen engagement with China’s next generation of customers? What are some of the regulatory challenges? How are firms addressing critical issues of data privacy and security?

    Kevin Chen, Chief Executive Officer, ZhongAn Technology
    Alex Kimura, Chief Strategy Officer, Aviva Asia
    Wang Xingjiang, Head of Department, Future Center, Sunshine Insurance Group

    Moderator:
    Wang Feng, Editor-in- Chief, FTChinese.com

  • 4:20pm
    A closer look: Case study – using digital technology to reach consumers

    Patrick Jiang, Vice Chief Engineer, Group CRM Platform, Senior Product Director, Group Big Data Solutions, Customer Solution Director, Insurance Business, Ping An Technology

    Moderator:
    Wang Feng, Editor-in-Chief, FTChinese.com

  • 4:40pm
    FT Interview: What’s worrying the CEO?

    A senior executive from a leading insurance firm in China examines the key trends influencing the insurance sector in the country, and looks at the best way forward. How are the government’s new rules for the financial markets – and the insurance industry in particular – going to affect development? What does the CEO see as the main opportunities and challenges?

    Steven Shi, Chief Insurance Officer, Liangzibao Insurtech, and Former President, Union P&C Insurance

    Moderator:
    Tom Mitchell, Beijing Bureau Chief, Financial Times

  • 5:00pm
    Key takeaways from the experts

    Results of audience polling through the day on key issues discussed. (Set of upto 10 questions). FT and experts extrapolate on the poll findings, and use them to point the way forward.

    Xu Chubin, Chief Actuary, Vice-Chief Financial Officer and Member of Executive Committee, Minsheng Life

    Moderators:
    Tom Mitchell, Beijing Bureau Chief, Financial Times
    Wang Feng, Editor-in-Chief, FTChinese.com

  • 5:20pm
    Closing remarks

    Don Weinland, Asia Financial Correspondent, Financial Times

  • 5:30pm
    Close of Summit followed by Cocktail Reception

Who attends

The FT China Insurance Summit will bring together CEOs, CFOs, CIOs, Chief Customer Officers, Chief Technology Officers, Heads of Business Strategy, Heads of Research & Development, VP Marketing & Sales, Heads & VP Business Development, CMOs, etc. and other senior-level executives in the following sectors:

  • Property & Casualty Insurance Companies
  • Life Insurance Companies
  • Reinsurance Companies
  • Insurance Brokers
  • Regulatory Bodies
  • Pension Funds/ Sovereign Wealth Funds/ Hedge Funds
  • Asset/ Investment Managers
  • Banks
  • Credit Rating Companies
  • Legal and Consultancy Firms
  • Technology and Research Providers
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Why attend

  • Listen to reliable opinions on the latest trends in the insurance industry, and how these will affect investment
  • Gain insights into how insurers should prepare for the implementation of new regulatory policies and the proposed liberalisation of the financial markets
  • Get advice from insurance leaders on the opportunities and challenges in the industry
  • Learn about others’ experiences through case studies and interviews
  • Understand how digital technology is having a significant impact on the insurance industry
  • Network with prominent figures from Chinese and international insurance companies, as well as industry experts from investment management and consultancy firms
  • Hear investment experts explore the most effective asset liability management strategies in a changing economic and regulatory environment
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Presented 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. In 2016 the FT passed a significant milestone in its digital transformation as digital and services revenues overtook print revenues for the first time. The FT has a combined paid print and digital circulation of more than 910,000 and makes 60% of revenues from its journalism.

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 $131 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 June 30, 2018, 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$4.52 billion. Primary subsidiaries under the flagship 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 over 13 million customers through a total of 725 office locations 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 are committed to becoming the most trustworthy and reliable financial holding company and a leading financial institution in the Asia-Pacific region. 

Platinum Sponsor (1)

Legal & General Investment Management (LGIM) is one of the largest global asset managers with total assets under management of US$1,300 billion*. We work with a wide range of clients, including sovereign wealth funds, public and private pension schemes, fund distributors and retail investors. Throughout the past 45 years we
have built our business through understanding what matters most to our clients and transforming this insight into valuable, accessible investment products and solutions. We provide investment expertise across the full spectrum of asset classes, including fixed income, equities, multi-asset, real assets and cash. Our capabilities range from index-tracking, active and exchange-traded strategies to liquidity management and liability-driven risk management solutions. LGIM established its Asian headquarters in Hong Kong which provides fund management, trading and client servicing to institutional clients in the region.

*Source: LGIM internal data as at 30 June 2018. These figures include assets managed by LGIMA, an SEC Registered Investment Advisor. Data includes derivative positions.

Silver Sponsors (2)

Aviva Investors is a global asset manager with expertise in fixed income, equity, multi-asset and alternative investments. We are the investment arm of Aviva plc, one of the largest insurers in the UK, which can trace its origins in the London insurance market back more than 300 years. Aviva plc is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

Our investment intelligence spans major markets, where we currently invest over $472bn on behalf of our customers. This gives us the size and scale to successfully seek out opportunities that will deliver specific investor outcomes.

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.

Supporting Partners (4)

The Insurance Asset Management Association of China (IAMAC), was established in September 2014, is a national self-regulatory organization of Chinese insurance asset management industry, under the supervision by China Banking and Insurance Regulatory Commission. At present, the Association has 546 members from all sectors of the financial market, including 535 institutions and 11 renowned Chinese and foreign economists. IAMAC is committed to the cooperation across the borders, sectors, and markets. It has built connections not only with central and local governments but also with banks, securities, trusts, funds, private funds, financial leasing companies, as well as many leading international investment companies and multilateral financial organizations. The Association expands its influence across the world and drives the global asset allocation of the industry to develop in a stable and sound way.

The Hong Kong Insurance Law Association (HILA) is one of the 60 national chapters of the Association Internationale de Droit des Assurances (AIDA).
HILA hosts various events throughout the year, including seminars on a wide variety of topics, and it is upon this platform that HILA promotes debate, dialogue and collaboration between representatives of all sectors of the insurance law fraternity in Hong Kong on matters affecting the industry and its participants.

The Hong Kong Confederation of Insurance Brokers is an approved body of insurance brokers to implement self-regulation of insurance brokers in Hong Kong. We aim to ensure the highest level of professional conduct among our members and to provide the community with a class of insurance brokers whom they can rely upon. Also as a professional association, we speak collectively for our members and act to safeguard their common interests. We have a membership of around 290 corporate brokers. It comprises a cross section of large and small companies with both local and international background. There are around 4,000 persons registered with CIB in their capacity of either Chief Executives or Technical Representatives of our members.

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.

Supporting Media Partners (3)

FTChinese is the Financial Times' Chinese language website, providing unrivalled news and information to China's top business executives and decision makers. The FT’s international team of journalists has access to senior corporate executives and politicians both in China and around the world, making it a must read for China's business leaders. FTChinese has over 2.5 million registered users and is also available via iOS, Android, Windows and Kindle platforms. The FTChinese MBA iPad App, a creative education tool with tailored training courses using FT content, was chosen by Apple for the App Store China’s “Best of 2012”. The FTIntelligence, a new research service, monitors and analyses trends and changes in China's consumer markets.

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. 

ET Net News Agency was founded in 1994, it is one of the major business units in Hong Kong Economic Times (HKET) Group (HK Listed Code:00423). ET Net is the major vendor at Banking and Finance Sectors including real-time financial news and quotes. ET Net has been recognized as a market leader in financial service industry.  

Venue

The Westin Beijing Financial Street
9B, Financial Street, XiCheng District
Beijing 100140

China

Tel: 86.10.6629.7532

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