2017 Life Insurance Conference of China Agenda

Tuesday, October 31, 2017

7:30 am - 5:00 pm - REGISTRATION

8:45 am - 9:45 am - WELCOME & OPENING REMARKS

Gina Birchall, J.D., LLIF, CLU - Chief Operating Officer, LIMRA, LOMA and LL Global, Inc.

9:45 am - 10:30 am - An Inevitable Choice: Taiping's Three-Year Regeneration Plan

Mr. Zhang will explain the strategic planning that went into Taiping Life’s "Three-Year Regeneration Plan” as well as how they were able to successfully implement the plan without deviating from the value of growth.  Mr. Zhang will also discuss how Taiping Life shifted the corporate culture to be more cohesive, and developed a strategic mindset that divides their strategy into short term, midterm, and long term focuses.

10:30 am - 11:00 am - NETWORKING BREAK

11:00 am - 12:30 pm - Executive Panel: A Discussion on Solvency II

As financial services markets move toward more global standards for compliance and financial reporting, Solvency II will continue to influence the way our companies price and design products. The panel of CEOs will share their perspectives on the opportunities, challenges, and implications of meeting Solvency II requirements, and how they impact distribution, asset liability management, operations, and product innovation.

NING Shoubo - CEO, Sunshine Life Ins. Co., Ltd.

SUN Yuchun - General Manager, China United Life Insurance Limited

YIN Xiaosong - Board Director and General Manager, Ergo China Life Insurance

12:30 pm - 1:30 pm - LUNCH

1:30 pm - 2:15 pm - The Independent Agency Model: Global Practices and Regulations

This session will include insights on independent agency systems and regulatory models from around the world, with a specific focus on the U.S. model. The information and lessons learned from these markets will also be compared to the current system in China, and several key takeaways Chinese executives should be taking note will be suggested.

Ping Zhao - Chief Strategy Officer, Greater China, LIMRA LOMA

2:15 pm - 3:00 pm - Operating Traditional Insurance Companies in an “Internet+” Environment

Mr. Li will outline how traditional insurance companies should be rethinking their business model to adapt to the new "Internet + insurance" environment.  He will discuss new formats and platforms that companies must adopt to consolidate departments and better embrace the internet, as well as new technologies and applications that will provide customers with more comprehensive insurance, medical care, and case management services.

3:00 pm - 3:30 pm - NETWORKING BREAK

3:30 pm - 4:15 pm - Life Settlement Regulation: A U.S. Perspective

As a former U.S. regulator, Mr. Poolman will explore the history and regulation of life settlements, where investors pay cash to policy owners for the rights to collect the death benefit.  Topics of discussion will also include the life insurance industries reaction to them, and how the regulatory structure has been strengthened in the United States to protect against consumer fraud.

Jim POOLMAN - Former U.S. Insurance Commissioner &   
Executive Director, Indexed Annuity Leadership Council   , Jim Poolman Consulting, Inc.

4:15 pm - 5:30 pm - Panel: Using Digital Technology to Help Advisors

Moderator: Yin Xiaosong

In this discussion, panelists will offer multiple perspectives on how digital technology is transforming the way agents sell around the world.  Topics of discussion will include navigating the challenges of regulations, connecting with customers via social media, and relying on technology to assist with the sales approach and delivery.  Participants will also share their opinions on how to derive quantitative metrics to measure the success and efficiency from sales supported by these new digital tools. 

Binayak DUTTA - Group Chief Distribution Officer, FWD Group Management Holdings Limited

MA Xu - Vice President, AVIVA-COFCO Life Insurance Company Limited

SUN Chengyue - Sale Vice President, Tongdun Technology Co., Ltd

WU Saimei - Senior Manager, Taiping Life Insurance Company Ltd., Shenzhen Branch

YIN Xiaosong - Board Director and General Manager, Ergo China Life Insurance

5:30 pm - 7:30 pm - RECEPTION

All registered participants are welcome to join us for a Dinner Gala on Tuesday evening, 31 October, following the conference sessions. Spend the evening discussing the presentations from earlier in the day, mingling with other attendees, and enjoying dinner, drinks, and live entertainment!

Sponsored by China Pacific Life Insurance Company Ltd.

Wednesday, November 1, 2017

8:00 am - 5:00 pm - REGISTRATION OPENS

8:45 am - 9:00 am - WELCOME BACK

Welcome Back

9:00 am - 10:00 am - Health Reforms in China

Over the past several decades China's healthcare reform has contributed to improved medical treatment for China's population. However, significant challenges remain. This presentation will provide an overview on China's healthcare reform priorities going forward, and in particular, the role of commercial healthcare insurance in its development model, and what policies are likely to influence the expansion of commercial health insurance in China.

Olin L. Wethington - Chairman, Wethington International LLC

10:00 am - 10:45 am - Health Claims Processing in the Age of Big Data

The timeliness of health claim settlement payouts and risk identification has become a core pain point for many of today’s insurance companies. This session will discuss how the rise of big data and artificial intelligence technology is helping insurers overcome some of these challenges, and better equipping them to identify claim fraud risk while improving settlement efficiency rates.

Jason Liu - CEO, Leapstack, Inc.

10:45 am - 11:15 am - NETWORKING BREAK

11:15 am - 12:00 pm - Innovation of Health Insurance Products

Customer expectations for innovative health insurance products and digitization are higher than ever. Thus, companies wishing to remain competitive must learn to make sense of digitally-enabled business models in order to remain competitive in this Digital Economy. This presentation will provide an overview of the latest trends and the potential applications of exponential technologies, including apps, wearable & implantable, robotics, artificial intelligence, big data analysis, and 3D printing and prosthetics. It will also look at what the potential impact of these technologies might be on the health insurance industry, as well as the benefits they might hold for individuals, the community and the economy.

Dr. Dawn SOO - Head of Strategy  Health & Wellness, Global Markets, Cigna International Corporation

12:00 pm - 1:00 pm - LUNCH

1:00 pm - 1:45 pm - The Future of Retirement in Asia

Aging populations have created a state of uncertainty for many public pension systems around the world. In order to grow in the retirement market, insurance companies need to focus their marketing strategies, publicity, and education on people who are preparing for retirement.  This session will share findings from LIMRA’s recent consumer perspective research on how countries throughout Asia are learning to best serve this market, connect with potential customers, and generate funding– as well as better understand what retirement means to China’s consumers.

Larry Hartshorn - Corporate Vice President and Director, International Research and Member Engagement, LIMRA and LOMA

1:45 pm - 2:15 pm - Insurance Company Management in a Sophisticated Interest Rate Environment

This session will provide a clear understanding of how fluctuating interest rate environments impact the management strategies of insurance companies. Using case study examples and research, Mr. Wong will provide an overview of lessons learned from international markets, as well as practical solutions for how to apply these lessons to your own company.

2:15 pm - 3:00 pm - Predictive Modeling for Life Insurance

This presentation will deliver a basic introduction to Predictive Modeling and Big Data Technology, and how it can benefit the life insurance industry.  Mr. Bao will also share case studies for the application of Predictive Modeling in Life Insurance, including how companies are using it to improve both upselling and cross selling.

3:00 pm - 3:30 pm - NETWORKING BREAK

3:30 pm - 4:30 pm - The Transformation of Innovation - How New Innovation Models are Impacting Products

The rapid development of big data, the internet, IoT, cloud technology, artificial intelligence, and biotechnology has brought humans into a new era. How do we now define innovation? And what is the driving force behind it? Mr. Liu will discuss the transformation of China’s innovation model, and explain how companies are now building innovative new service platforms.