Faculties and research

Program Schedule

Date:September 21             Venue: Cathay Financial Center



8:00 – 8:45


8:45 – 9:00

Opening Remarks

David Blake (Director of the Pensions Institute, Professor of Pension Economics at Cass Business School, City University, UK)
Edward H. Chow (President of National Chengchi University, R. O. C.)
Cheng-Mount Cheng  (Vice Chairman of Financial Supervisory Commission, R.O.C.)

9:00 – 10:30

Plenary Session 1: Demography, Population Ageing, Medical Advances

  1. Global Trends in Population Aging and Longevity Risk
    Shripad Tuljapurkar (Professor of Biology and the Dean & Virginia Morrison Professor of Population Studies at Stanford University)
  2. How Global Aging Will Transform the Economy, Society, and Geopolitical Order of the 21st Century
    Richard Jackson (President of Global Aging Institute)
  3. Longevity Black Swans: Looking Beyond Past Trends to What Potential Disruptive Developments in Medicine, Healthcare, Technology and Lifestyle May Mean for Life Expectancy
    Guy Coughlan (Chief Risk officer, USS)

10:30 – 11:00

Coffee Break

11:00 – 12:30

6 Parallel Sessions for industry and paper presentation

12:30 – 14:00

Lunch (Bellavita 4F Beata té)

14:00 – 15:30

6 Parallel Sessions for industry and paper presentation

15:30 – 16:00

Tea Break

16:00 –   18:00

Plenary Session 2: Longevity Risk in Asia: A Roadmap for Retirement Security

  1. Defining Retirement Security – The Needs of Real People in Asia
    Dylan Tyson (Executive Vice President and Former Chief Strategy Officer , Prudential Life of Korea)
  2. Changing the Environment to Encourage Solutions
    Panel discussion from a public policy perspective

    Moderator: Ronald Klein ( Director of Ageing at The Geneva Association)
    Wonshik Kim ( Professor, Economics, College of International Business, Konkuk University)
    Donghyun Park( Principal Economist, Asian Development Bank)
    Jennifer Wang (Vice President of National Chengchi University, Former Chairman of Financial Supervisory Commission, R.O.C)
  3. Providing Retirement Security – Balancing Value and Risk in Lifetime Income Solutions
    Amy Kessler (Senior Vice President and Head of Longevity Risk Transfer, Prudential Retirement [PFI])
18:30 - 19:15

Drink Reception (Grand Hyatt 3F)

19:15 - 21:30

Welcome Gala Dinner and Musical Show (Grand Hyatt 3F)

Date:September 22             Venue: Cathay Financial Center


8:30 – 10:30

Plenary Session 3: Mortality Modelling and Hedging Longevity Risks for Pension and Insurers 

  1. Society of Actuaries Mortality Research: Implications for Insurers and Pensions 
    Dale Hall (Managing Director of Research, Society of Actuaries)
  2. One Size Does Not Fit All: The Importance of Granular Mortality Data in Pricing Longevity De-risking Solutions 
    Douglas Anderson (Founder of Club Vita and Life & Financial Service)
  3. Mortality Modelling and Longevity Challenges for Taiwan Insurers
    Chao-Ting Lin (Managing Senior Executive Vice President of Cathay Life)
  4. Insurance Product Design, Natural Hedging and Longevity Risk
    Cheng-Wei Chang (Product Pricing Dept. Manager of Fubon Life Insurance)

10:30 - 11:00  

Coffee Break

11:00 -12:00

Plenary Session 4: Longevity Risk and Market Solutions

  1. Evolution of Multi-Asset Strategies and Longevity Risk
    Ricky Chau (Vice President, Portfolio Manager, Franklin Templeton Solutions)
  2. Global Market Solutions for Longevity Risk 
    Vanessa Wang (Managing Director, North Asia Amundi Hong Kong Ltd.)

12:00 - 13:30    

Lunch (Bellavita 4F Beata té)

13:30 – 15:00

5 Parallel Sessions for industry and paper presentation 
(Section A: Society of Actuaries Mortality Research)

15:00 – 15:30

Tea Break

15:30 - 17:00

Plenary Session 5: Longevity Risk and FinTech Development

  1. InsurTech Innovation
    James Liu (Chairman of Phew Inc.)
  2. Longevity Risk and Fintech Long-term Care Experiences in Japan
    Tetsushi Yamaguchi (General Manager of Reinsurance Dept. of The Gibraltar Life Insurance Company Co., Ltd)
  3. New Deployment of Fintech Solutions for Hedging Longevity Risk
    Jennifer Wang (Vice President of National Chengchi University, Former Chairman of Financial Supervisory Commission, R.O.C.)


Closing Remarks

Jennifer Wang (Vice President of National Chengchi University, Former Chairman of Financial Supervisory Commission, R.O.C.)

Parallel Sessions Thursday 21st September 2017

Parallel Session I 11:00 - 12:30
 Mortality Models 1
Han LiSemi-Parametric Extensions of the Cairris-Blake-Dowd Model: A One-Dimensional Kernel Smoothing Approach
Kenneth ZhouImproving the Distinction between Sampling Risk and Trend Risk: A Fay Herriot Extension of Stochastic Mortality Models
Andrew CairnsA Robust Approach to to Modelling Single Population Mortality
Tianxiang ShiOn the Valuation of Reverse Mortgages with Surrender Options.
I-Chien LiuValuation Guaranteed Lifetime Withdrawal Benefits / Guaranteed Minimum Withdrawal Benefits in Presence of Longevity Risk
 Longevity-Linked Products
Piet de JongSM Bonds - a New Product for Managing Longevity Risk
Petar JevticLongevity  Bond Pricing in Equilibrium
Jeffrey TsaiValuation on Mortality-linked Security: An Application Stochastic Mortality Rate with Levy Jump
 Marriage, Suicide and Housing
Malene Kallestrup-LambThe Effect of Marital Status on Life Expectancy: Is Cohabitation as Protective as Marriage                      
Mengyi XuHousing, Long-Term Care Insurance, and Annuities with Recursive Utility
 Financial Plans and Pension Plans
Pawel RokitaLife-time Financial Plan Optimization with Separate Aversion Against Risk of Short-term and Long-term Goals
Chin-Kai ChangUnifying the Public Pension Plans - A Case Study in Taiwan
 Longevity Risk and Insurance
Richard MarshallPricing Latest Generation Insurance Linked Securities: A Disease-Based Modelling Approach
Jin GaoHealth and Mortality Immunization Strategies: A Revisit of he Optimal Product Mix of Life Insurers
Parallel Session II 14:00 - 15:30
 Life Expectancy and Socio-Economic Status
Anthony WebbRising Inequality in Life Expectancy by Socioeconomic Status
David SmithAn Investigation into Inequalities in Human Lifespan
Soren KjaergaardLongevity Forecasting by Socio-Economic and Regional Groups Using Compositional Data Analysis
 Small Population Modelling
Liang ChenBayesian Method for Small Population Longevity Risk Modelling
Hsin-Chung WangUsing Graduation to Model Mortality of Small Areas
Han Lin ShangReconciling Forecasts of Age Distribution of Death Counts: An Application to Annuity Pricing
Cuixia ChenOptimal Risk-Tasking and Risk Management Decisions of Annuity Insurers Under Prospect Theory
 Mortality Forecasting
Atsuyuki KogureA Bayesian Approach to Forecasting Mortality Rates for Long-Term Care Sub-Populations
Marius PascariuForecasting Mortality by Using Statistical Moments
Ugoflippo BaselliniModelling and Forecasting Age-at-Death Distributions
 Hedging Longevity Risk
Jingong ZhangOptimal Dynamic Longevity Hedge with Basis Risk
Nan ZhuHedging Longevity Risk: Does the Structure Matter?
Johnny S.H LiAn Efficient Method for Mitigating Longevity Value-at-Risk

Parallel Sessions Friday 22nd September 2017

Parallel Session III 13:30 - 15:00
 Mortality Forecasting and Healthy Life Expectancy in China
Katja HanewaldModelling Multi-State Health Transactions in China: A Generalized Linear Model with Time Trends
Han LiEstimating Healthy Life Expectancy: A Province-by-Prince Study for China
Pinato LyuA Multi-Population Approach to Forecasting All-Cause Mortality Using Cause-Specific Mortality Data
 High-Age Mortality Model for the Elderly Effect
Karen C SUA Synthesis Mortality Model for the Elderly Effect
Yen-Chih ChenThe Consumer Benefit and Innovative Design of the Long-Term Care Annuity Product
Fen-Ying ChenPricing Inflation-Linked Longevity Bonds in the HJM Framework
 Mortality Models 2
Chenghsien TsaiMulti-Population Mortality Modeling: When the Data is Too Much and Not Enough
Johannes SchuppA Set of New Stochastic trend Models
 Cause of Death Models and Period-Cohort Effect
David McCarthyA Lost Generation? Results From a Bayesian-Based Period-Cohort Model of US Male and Female Adult Mortality
Polin WangAn Investigation of Period and Cohort Effects in Adult Mortality Across 38 Countries
Andrew CairnsSocio-Economic Differences in Mortality by Cause of Death