Global Perspectives on Life Insurance Innovation and Financial Reforms
10/31/2017 - 11/1/2017
China World Summit Wing, Beijing, China
Overview
Who Attends
Life insurance and financial services executives and professionals who work in China or are interested in learning more about the regional and global issues affecting this region. The presentations will be appropriate for Chief Executives, General Managers, and Channel Heads (both in the home office and at the branch level), as well as individuals responsible for strategic planning, recruiting, training, and distribution channel management.
Highlights
This two-day strategic conference will feature presentations from industry leaders and experts with advanced knowledge of business strategy, sales, channel management, and training. Presentations will feature exclusive case studies, research and success models to help address top-of-mind current issues, and networking opportunities will allow you to compare best practices and technologies.
Please continue to check back for more details on the program agenda and speakers as they are finalized.
Interpretation Services
This conference will be presented in Mandarin and English, with interpretation services between languages offered at no additional cost.
Chief Operating Officer, LIMRA, LOMA and LL Global, Inc.
Birchall joined LL Global as chief operating officer in 2017. In this role, she is responsible for LIMRA’s and LOMA’s legal and accounting departments, Information Technology, Marketing, Talent Solutions, and Member Relations. Birchall also is charged with working across the organization to help implement many of the ongoing entity-wide projects to improve efficiencies and processes.
Since 1998, Birchall held various positions at Guardian Life Insurance Co. Most recently, she was Vice President of Strategic Initiatives, leading initiatives across the enterprise to advance its business goals.
Birchall holds a Bachelor of Arts from Mount Holyoke College and a Juris Doctor from the Western New England University School of Law, both in Massachusetts, as well as CLU and LLIF designations.
Director and General Manager, Tai Ping Life Insurance Company Ltd.
Mr. Zhang started his career with Ping An Insurance Company back in 1993, working as assistant to General Manager of Sichuan Branch. He eventually took on the role of Deputy General Manager of Chongqing Branch with Ping An before moving to be General Manager of Taiping Life Insurance Co. Ltd. Sichuan Branch in 2001. In 2007 he was promoted to a Deputy General Manager of Taiping Life Insurance Limited, and then in 2012 he was appointed to his current position as Director and General Manager of Taiping Life. Mr. Zhang graduated from Sichuan University with a Ph.D. in Economics and is a Senior Financial Manager. He was the Chairman of the First China Insurance Marketing Management Forum in 2015, and Chairman of the Organizing Committee of LIMRA-LOMA Greater China Life Insurance Conference in 2015.
Senior Vice President and Managing Director, International Operations, LIMRA and LOMA
Ian Watts leads the LIMRA and LOMA operations that help member companies in Asia, Latin America, Africa, and the Middle East achieve their business objectives. Prior to joining LIMRA and LOMA in 2013, he was Global COO at ACE Life International, where he was responsible for their day-to-day operations and new business development. He has held CEO positions in India and China for AIG and AIA, and has extensive global experience in the UK, EMEA and Latin America.
11:00 am - 12:30 pm: Executive Panel: A Discussion on Solvency II
NING Shoubo
CEO, Sunshine Life Ins. Co., Ltd.
Ning Shoubo, graduated from Beijing University, holds degree of Master of Business Administration and senior economist. He has experience in insurance industry for many years. He worked for Ping An and US Metlife before he Joined Sunshine Life in 2007. In nearly 25 years he worked for property and life insurance, national and foreign companies, lead provincial branch of big insurance group and was senior executive of foreign insurer. He was a key member of the founding team of Sunshine Life, a nationwide life insurance company and has been growing with it. With strategic vision, he established health insurance and pension section and lead the team to explore the new model of "medical + insurance" and "health + care". He became the helmsman of Sunshine Life with the goal of building Sunshine Life into a respectable life Insurance company, adopting and establishing new models to achieve strategic transformation and leapfrog development.
11:00 am - 12:30 pm: Executive Panel: A Discussion on Solvency II
SUN Yuchun
General Manager, China United Life Insurance Limited
Mr. Sun Yuchun, is currently the General Manager of China United Life Insurance Limited. He used to work as President Assistant in the New China Life Insurance Company Limited for 20 years, and he was in charge of strategic planning, product development, e-commerce and etc. He also took the position of the going-public work team leader. Mr. Sun held the doctoral degree on Finance from Zhongnan University of Economics and Law.
11:00 am - 12:30 pm: Executive Panel: A Discussion on Solvency II
4:15 pm - 5:30 pm: Panel: Using Digital Technology to Help Advisors
YIN Xiaosong
Board Director and General Manager, Ergo China Life Insurance
Jason Yin, born in 1969, was admitted to University of Science & Technology China in 1987, majoring in System Science &Management Science. In 1989 Jason went to the University of Macquarie in Australia for Actuary Studies and acquired certificate of British Institute and Faculty of Actuaries. He is founding member of China Association of Actuaries. More than 2 decades in the industry, Jason has been vice GM of Huatai Insurance Group and GM of Huatai Life Insurance. He has also played vital roles in several world renowned insurance brands, GM of AIA Foshan, Shenzhen and Shanghai, senior management member of AXA, John Hancock etc. With rich personal experiences, comprehensive management skills, a compound background of international & domestic, actuary & marketing, sales site & HQ, professional manager & entrepreneur, Jason marched with success. In 2010, he was awarded “Best Foreign Manager of the Year” in Chinese insurance industry. In 2016, he was awarded “Pioneer of Chinese Insurance Industry 2015” in the 13th China's Financial Annual Champion Awards.
Chief Strategy Officer, Greater China, LIMRA and LOMA
A management professional graduate, Ms. Zhao joined LIMRA & LOMA in 2017 as the Chief Strategy Officer for Greater China. Prior to her current role, she spent more than ten years in different departments at various financial news outlets including the "21st Century Business Herald". Her time spent as a financial journalist, senior journalist, senior editor, deputy director of financial content, and director, provided her with extensive experience tracking China's financial and insurance industry reforms and development trends, as well as a variety of other in-depth industry news reports.
4:15 pm - 5:30 pm: Panel: Using Digital Technology to Help Advisors
Binayak DUTTA
Group Chief Distribution Officer, FWD Group Management Holdings Limited
Binayak ensures the optimization of distribution channels for FWD's long-term performance and growth. He has a long history of transforming the distribution performance and creating sales performance success for a number of high profile insurers in Asia. Binayak, from India, started out in banking after graduating with a Bachelor of Economics and Master of Business Management before moving into the insurance industry.
4:15 pm - 5:30 pm: Panel: Using Digital Technology to Help Advisors
MA Xu
Vice President, AVIVA-COFCO Life Insurance Company Limited
Charles Ma received the MBA degree from Université de Poitiers, and France national insurance institute (ENASS). At present he holds the position of vice-president in AVIVA-COFCO and mainly be responsible for branch management, brand and PR and affairs of the president office. He has held a managerial position in Tianjin branch of Ping An Life Insurance, Sunshine Life insurance group, Heng An Standard Life, OLDMUTUAL-GUODIAN. After joining the AVIVA-COFCO in May.2007, he successively worked as general manager of strategic planning, general manager of Beijing branch and director of president office. By using the rich experience of strategic planning, integrated business management and public relations initiatives, he made a great contribution to the development of the company.
4:15 pm - 5:30 pm: Panel: Using Digital Technology to Help Advisors
SUN Chengyue
Sale Vice President, Tongdun Technology Co., Ltd
Majored in the direction of international finance, has served as an important sales manager in IBM and Oracle in the area of Bank, Finance, Cloud Computing and other aspects. He has a deep understanding of the Business Model and Risk Control Process of the Financial Industry, and has a wealth of experience in IT Construction, Big Data, Cloud Business Process Transformation of Insurance, Banking, Funds and other Financial Industry.
3:30 pm - 4:15 pm: Life Settlement Regulation: A U.S. Perspective
Jim POOLMAN
Former U.S. Insurance Commissioner & Executive Director, Indexed Annuity Leadership Council , Jim Poolman Consulting, Inc.
Jim Poolman was elected twice to serve as North Dakota’s Insurance Commissioner. While Commissioner, Mr. Poolman worked to strengthen laws to protect citizens against insurance fraud. The scope of consumer protection widened by spearheading landmark legislation related to suitability of sales, life settlements amongst a host of others. Mr. Poolman held many leadership posts with the National Association of Insurance Commissioners during his tenure, serving as Chairman of the Life Insurance and Annuities Committee for 2 years and Vice President of the organization in 2004. Before being elected Insurance Commissioner in 2000, Mr. Poolman served four terms in the North Dakota House of Representatives, and was a trust officer for the Bremer Bank system. In 2007, Poolman left his post to start an independent regulatory consulting practice where he advises insurance companies, trade associations and producer clients on regulatory issues. He also serves as Executive Director of the Indexed Annuity Leadership Council, an organization that promotes financial education around the fixed indexed annuity product.
Olin Wethington is the Founder and Chairman of Wethington International LLC, an investment and business advisory firm focused on advising institutions on capital investment, financial structure and business strategy in emerging markets, particularly with respect to Asian markets. He currently also advises clients on healthcare regulatory matters in China and on strengthening the delivery of healthcare services, including an initiative under the State Council’s China Development Research Foundation which is developing recommendations regarding the expansion of commercial healthcare insurance in China. Mr. Wethington previously served as Chairman, AIG Companies in China, and has held numerous positions in the U.S. government, including: Special Envoy on China; Counselor to the Secretary of the U.S. Treasury; Assistant Secretary for International Affairs, U.S. Treasury; and Special Assistant to the President and Executive Secretary, Economic Policy Council, White House (under President George H.W. Bush). He is a graduate of Harvard Law School and the University of Pennsylvania, a Member of the Council on Foreign Relations, and a recipient of the Alexander Hamilton Award, the highest honor of the U.S. Department of the Treasury.
11:15 am - 12:00 pm: Innovation of Health Insurance Products
Dr. Dawn SOO
Head of Strategy – Health & Wellness, Global Markets, Cigna International Corporation
Dawn is a physician who envisions a world where health and technology intersect to deliver better care to every individual. She currently leads global health strategy at Cigna, overseeing all strategic health-related business development opportunities and partnerships in markets outside the US, with a focus on technology and health analytics. Prior to joining Cigna, Dawn was actively involved in digital health startups. She was Chief Wellness Officer at CXA Group, an online employee benefits marketplace that provides personalised insurance and health services to employees in Asia. In 2013, She also co-founded and managed operations at DocDoc, a telehealth and medical appointment scheduling startup headquartered in Singapore. Dawn completed her medical residency at the National University Hospital Singapore and holds a medical degree from Imperial College London and an MBA from INSEAD.
Corporate Vice President and Director, International Research and Member Engagement, LIMRA and LOMA
Larry Hartshorn is responsible for the development and execution of LIMRA’s international research strategy. Under his guidance, the international research unit conducts a wide variety of research to provide insights and trends in distribution, consumer behavior and sentiment, products, retirement, and technology for markets throughout the world. Prior to joining LIMRA in 2015, Larry was Aetna’s executive director for Greater China in Shanghai. His responsibilities included strategic planning, research, management operation and consulting. Larry also previously served as research program manager for The Ohio State University, managing a multi-million dollar cluster of private, state, and federal grants targeting primary, secondary, and higher education curriculum reform.
Based in Taipei, Wing leads Milliman's local offices in Taipei and Beijing. He has been a Milliman consultant for more than 15 years and has led a wide range of projects, including actuarial due diligence, appraisal value, embedded value, enterprise risk management, asset-liability management, product/channel strategies, product development, and financial reporting. His recent product development experience includes pricing one of the first universal life with secondary guarantee products in Hong Kong, and leading teams to develop several of the first variable annuities with guaranteed minimum benefit products in the Taiwan market. He has also led teams in developing asset-liability management models and analysis for clients looking to better understand and manage the business, and to study proper asset allocation to achieve balance among return, risks, and capital. In recent years, Wing has focused on running risk workshops utilizing cognitive mapping techniques, developing risk registers, and applying innovative approaches to sales risks and operational risks, as well as data-driven approaches to emerging risks.
10:00 am - 10:45 am: Health Claims Processing in the Age of Big Data
Jason Liu
CEO, Leapstack, Inc.
Graduated from Tufts University with a Master’s degree in Electrical and Computer Engineering. He used to work for Telenav Inc. in Silicon Valley, as a senior software engineer. He led the development team on big data recommendation system to provide the LBS modeling support. He returned to China in May, 2016 to found Leapstack, which focuses on healthcare insurance anti-fraud services. Based on big data technologies, AI algorithms and comprehensive system solutions, Leapstack owns the most advanced anti-fraud services for healthcare insurance and long-term care insurance products in China. Currently, Leapstack has provided services for multiple clients, including China Life, PICC, Pingan and etc. With the hands-on experience on big data technologies, anti-fraud services from Silicon Valley, Leapstack is capable of helping the insurance companies with the claim funds control, lowering the claims expense, increasing their services quality, markets competence and markets share.
Bao applies predictive modeling technique on insurance applications, helping with more accurate and better decisions and solutions. Bao has 8-year hands-on experience of data analytics and modeling. Prior to joining RGA, he was the senior manager of data analytics of Aegon-THTF, where he applied predictive modeling for target marketing to boost the sales of life insurance products. He was also with Opera Solutions, where he delivered solutions to various applications of credit card industry, including underwriting, cross selling, fraud detection and collection, etc. Bao obtained his PHD in Computer Science from the University of Texas at Dallas, USA, and a BE in Computer Science and Technology from the University of Science and Technology of China.
Professor Liu Yanhua, Counsellor for the State Council of China, former Vice Minister of Ministry of Science and Technology of China, got his Ph.D. from Chinese Academy of Sciences (CAS) in 1991, majoring in Natural Geography. Mr. Liu also served as other duties: President of Chinese Association of Geography, Standing Vice Chairman of Innovation Method Society in China, Standing member of Chinese Association of Sustainable Development, Member of the National Expert Committee on Climate Change in China, and Member of International Risk Governance Council (IRGC). Prof. Liu Yanhua has made distinguished contributions to organizing and carrying out researches in many fields, such as Global Environmental Change, Land Use and Land Cover Change, Disaster Prevention and Reduction, Vulnerable Ecological System, Climate Change, Risk Governance, Sustainable Development and Think Tank research; Prof. Liu published dozens of papers on the domestic and international journals; and Prof. Liu led, designed, organized and participated in a series of projects to promote domestic/ international scientific and technological cooperation research.
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.
General Manager, China United Life Insurance Limited
YIN Xiaosong
Board Director and General Manager, Ergo China Life Insurance
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.
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.
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.
Former U.S. Insurance Commissioner & Executive Director, Indexed Annuity Leadership Council , Jim Poolman Consulting, Inc.
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.
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
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.
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.
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.
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.
Head of Strategy – Health & Wellness, Global Markets, Cigna International Corporation
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.
Corporate Vice President and Director, International Research and Member Engagement, LIMRA and LOMA
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.
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.
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.
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.
Registration
Registration Fees:
Register by 13 October, 2017 and save!
Early-Bird Rates (Registrations received by or on 13 October, 2017):
LIMRA, LOMA and/or IAC Member: US$995 Nonmember: US$1,490
Standard Rates (Registrations received after 13 October, 2017):
LIMRA, LOMA and/or IAC Member: US$1,095 Nonmember: US$1,590
Thinking about sending your entire team? Multiple registration discounts are available. Please email Ms. Megan Schwartz at mschwartz@limra.com for more information.
Cancellation Policy
All cancellations and refund requests must be received in writing. These requests carry a $100.00 U.S. administrative charge. Full refunds minus the administrative fee will be granted on written requests received no later than ten business days before the meeting. No refunds will be granted if the request is received within ten business days of the meeting. If for any reason a meeting is cancelled, the Conference Organizers will refund the total registration fee. However, the Conference Organizers will not be responsible for any travel, hotel accommodations or other costs incurred. Cancellation requests should be submitted to meetings@loma.org.
Hotel / Venue
If you receive any unsolicited or suspicious email or phone call about a hotel booking in conjunction with this meeting, our advice is not to click on it, but delete the email immediately. In the case of a phone call, never give out your credit card information. Our designated conference hotels will never call you unless you contact them first.
China World Summit Wing, Beijing No.1 Jian Guo Men Wai Avenue, Beijing, 100004, China (86-10) 65052299
Attendees who make their hotel reservations under the LIMRA LOMA Life Insurance Conference of China (LICC) group block will receive a nightly rate of RMB 1900.00 per night. This special conference group rate includes one daily buffet breakfast, in-room internet, and VAT. (A second daily breakfast can be added for RMB200 net per night.) Check in time is 14:00 and check out time is 12:00.
Cut-off date for reservations is 29 September, 2017. Reservation requests received after 29 September, 2017 will only be accepted on space availability, so be sure to book your rooms before this date!
LIMRA and LOMA Conferences are made possible by the generosity of our sponsors and exhibitors. Sponsorship of LIMRA/LOMA Conferences will help increase name recognition, build product and service awareness, and provide valuable networking opportunities to several hundred key decision-makers in the life insurance and financial services industries across Asia.
For details on the
benefits of sponsorship, available packages, and how to apply to become a
sponsor at the Conference, see our PDF form here.