The Institute and Faculty of Actuaries (IFoA) Greater China Team is pleased to host a technical member event which will be live streamed in Shanghai on 18 January 2024 evening with the theme ‘The Latest Trends and Topics in China Insurance Market – Sharing and Discussion’.
We look forward to your participation onsite or virtually and listen to the insights from specialists in life and healthcare fields!
The event will be free of charge for all IFoA members. Registration for onsite attendance is now open till COP 15 January 2024. Limited space is available on a first-come-first-served basis.
Highlights
We’re honoured to have Ms. Flora Shao, Regional Chief Actuary, Gen Re Life/Health China & Hong Kong SAR and Mr. Haifei Chen, Regional General Manager, Gen Re Asia as our speakers of the event. They will deliver presentation on ‘Long Term Care and Its Pilot Solutions in China’ respectively’ and ‘The Impact of the Low Interest Environment – Experiences from Overseas Markets’. Guest speakers and floor members will be invited to exchange their views on how insurers would deploy countermeasures against the challenges from long-term low interest rate environment and seize the opportunity for commercialization expansion of elderly healthcare in China.
Presentation One: The Impact of the Low Interest Environment – Experiences from Overseas Markets
Speaker：Mr. Haifei Chen, Regional General Manager, Gen Re Asia
- Introduction to the low interest rate environment in China and its impact on life insurers
- Share holistic vison on the historical impacts of declining interest rates to overseas life insurance industry
- Strategy change and countermeasures of overseas life insurance companies from the perspectives of asset allocation, product and pricing, business management, etc.
Presentation Two: Long Term Care and Its Pilot Solutions in China
Speaker: Ms. Flora Shao, Regional Chief Actuary, Gen Re Life/Health China & Hong Kong SAR
- Introduction to the existing operation mode of social long-term care insurance in China
- The implementation practices in different pilot areas and observations on the outcomes
- Exploration of the commercial long-term care insurance development: product features, challenges and risk management
Event Details
- Date and Time: Thursday, 18 January 2024, 18.30-21.30 (GMT+8) [sign-up starts at 18.30 and the presentation starts at 19.30]
- Venue & address: Junior Ballroom, JW Marriott Hotel Shanghai at Tomorrow Square, 5F，399 Nanjing West Road, Huangpu District, Shanghai, China
- Language: Mandarin Chinese
- Fee: Free admission for IFoA members. Canape and soft drinks will be served onsite.
Agenda
- 18:30 - 19:30 Registration and networking
- 19:30 - 19:35 Welcome address by the IFoA - livestream starts
- 19:35 - 20:05 Presentation One: The Impact of the Low Interest Environment – Experiences from Overseas Markets (including Q&A for appx 5 mins)
Speaker：Mr. Haifei Chen, Regional General Manager, Gen Re Asia
- 20:05 - 20:35 Presentation Two: Long Term Care and Its Pilot Solutions in China (including Q&A for appx 5 mins) - livestream ends
Speaker：Ms. Flora Shao, Regional Chief Actuary, Gen Re Life/Health China & Hong Kong SAR
- 20:35 – 21:30 Networking
- 21:30 Event closing
Event Registration
- The event is free and open to all IFoA members on a first-come-first-served basis. Registration for onsite attendance is now open till COP 15 January 2024.
- If the registration for onsite attendance reaches the capacity limit, please email China@actuaries.org.uk to register for a waiting list.
- If you cannot attend onsite after registration, please email China@actuaries.org.uk by 15 January 2024 with your ARN to cancel your booking, so we could release the vacancy to other delegates.
1. Registration for ONSITE Attendance: https://forms.office.com/e/DZK063Ar2C
2. Registration for VIRTUAL Attendance: https://events.teams.microsoft.com/event/90190fb5-e1f8-455a-b54c-2bd4990d319e@5c3fb5be-adad-4b0e-920f-8df7f9deac74
Note:
- Registrants will receive email confirmation at least 2 days before the event.
- If you have further queries regarding this webinar or need further assistance, please contact China@actuaries.org.uk.
Speakers
Ms. Flora Shao, FIA, FCAA
Regional Chief Actuary, Gen Re Life/Health China & Hong Kong SAR
Ms. Flora Shao is Regional Chief Actuary, Gen Re Life/Health China. Her main responsibility involves actuarial pricing, data analytics and new product research of Life and Health business in Mainland China and Hong Kong SAR, and to provide actuarial advice along with technical support for Gen Re clients. Flora has nearly 20 years of experience in the insurance industry. Prior to her current role, she gained product management, actuarial valuation, and strategic merger/acquisition experiences in life (re)insurance companies and consulting firms. Flora is a Fellow of Institute and Faculty of Actuaries (IFoA) and a Fellow of China Association of Actuaries.
Haifei Chen, FSA
Regional Geneal Manager, Gen Re Asia
Mr. Haifei Chen is Regional General Manager, Gen Re Asia. He leads Gen Re’s Life/Health business in mainland China and Hong Kong SAR. Haifei started his career in Singapore and has nearly 20 years of experience in life insurance and reinsurance industry. Haifei joined Gen Re in 2006. He assumed roles of Chief Representative of Beijing Office and Deputy General Manager of Shanghai Branch, General Manager of Gen Re Life/Health China. Haifei specializes in product development, marketing and corporate management. He holds a Master’s Degree in Science and is a Fellow of the Society of Actuaries (FSA).
