Plenary and Panel Speakers
Wei Yingning, President, China Association of Actuaries, former Vice Chairman of China Insurance Regulatory Commission
China Insurance Regulatory Commission, Former Vice Chairman
China Association of Actuaries, President
China Insurance Security Fund Co., LTD, Chairman
Financial Planning Standards Board China Advisory Panel, Chairman
Zheng Bingwen, Director ILAS, Chinese Academy of Social Sciences
Prof. Zheng Bingwen, director general of the Center for International Social Security Studies (CISS) at Chinese Academy of Social Sciences (CASS), director general of the Institute of Latin American Studies at CASS, tutor of PhD; winner of special allowance from the Central Government of China, member of the Advisory Committee of the Ministry of the Human Resources & Social Security of China (MoHRSS), member of the China National Commission of Social Insurance Standardization Technology, guest professors invited by more than ten universities such as Renmin University of China, Peking University, Wuhan University, and Chinese Academy of Governance, cte.; having published more than 400 papers and articles in academic journals such as Social Sciences in China, Journal of Economics, World Economics and Politics etc.; several papers in English published; having translated more than ten foreign monographs in relevant fields. Being specialized in comparative study of social security policies and systems, investment strategies of public pension funds and private pension funds; editor-in-chief of China Pension Report 2011(both Chinese and English version) and China Pension Report 2011(both Chinese and English version). Contact Prof Zheng Bingwen.
Pablo Antolin is Principal Economist at the Private Pension Unit of the OECD Financial Affairs Division. He is currently engaged in four main projects. The first project assesses how pension funds, annuity providers such as life insurance companies, and the regulatory framework incorporate future improvements in mortality and life expectancy. It also calculates the amount of longevity risk that pension funds, annuity providers and the regulatory framework may be exposed to. The project will provide recommendations on best practices on how to incorporate future improvement in mortality and life expectancy and address longevity risk. The second project evaluates the retirement saving adequacy of current and future pensioners by looking at all the sources to finance retirement as a whole. The third project examines annuity products in OECD countries by focusing on the guarantees they provide, identifies the exposures and costs of annuity products for insurers and consumers in light of their characteristics and guarantees, and comprehends better insurer risk management of annuity products and the regulatory framework governing annuity products given the guarantees provided. Finally, Mr. Antolin is preparing a book compiling all the analytical work and empirical evidence produced and discussed at the OECD Working Party on Private Pensions (WPPP) over the last four years that underlie the recommendations contained in the OECD Roadmap for the Good Design of Retirement Saving Plans endorsed in June 2012 by pension regulators from OECD countries.
He has recently published with J. Yermo (OECD), R. Hinz and H. Rudolph (World Bank) a book on evaluating the financial performance of pension funds. In the past, he has worked on the impact of ageing populations on the economy and on public finances. He has produced several studies examining options available to reform pension systems in several OECD countries, including public pensions. Previously, he worked at the IMF and at the OECD Economic Department. He has published journal articles on ageing issues as well as labour market issues. Mr. Antol¨ªn has a PhD in Economics from the University of Oxford and an undergraduate degree in Economics from the University of Alicante (Spain).
Professor Shripad Tuljapurkar (Tulja), Dean & Virginia Morrison Professor of Population Studies at Stanford University.
Shripad Tuljapurkar is Professor of Biology and the Dean & Virginia Morrison Professor of Population Studies at Stanford University. His research areas include stochastic dynamics of human and natural populations; prehistoric societies; and probability forecasts including sex ratios, aging and fiscal balance.
Tuljapurkar directs Stanford's Center for Population Research and the demography program at Stanford's Center for the Demography and Economics of Health and Aging. He is a member of the Center for the Demography and Economics of Aging at the University of California, Berkeley. He led a panel on aging for the International Union for the Scientific Study of Population and served on the Technical Advisory Panel to the US Social Security Administration. He is a fellow of the AAAS, received the 1996 Mindel Sheps Award from the Population Association of America, and a John Simon Guggenheim Fellowship in 1998.
David Hare, Partner, Actuarial & Insurance Solutions, Deloitte UK, President, Institute and Faculty of Actuaries
David Hare has over 26 years of experience in the insurance industry, starting his career with Scottish Mutual and then Abbey National. In 1997 he moved to Standard Life, where he held a variety of roles in financial management and with profits, culminating in five years as Chief Actuary, UK & Europe and Actuarial Function Holder for Standard Life's European (including UK) insurance operations. In May 2012 he joined Deloitte as a partner in their UK Life Actuarial practice. In June 2013 he became President of the Institute and Faculty of Actuaries (IFoA).
He qualified as an actuary in 1988 and continues to be very active in actuarial professional circles. A member of Faculty Council for many years in the past (including stints as Honorary Secretary and as a Vice President, as well as receiving a President's Award), he is currently a member of the Life Practice Executive Committee and one of the UK profession's representatives (Membre Suppl¨¦ant) on the Groupe Consultatif Actuariel European, with a particular remit to represent the IFoA on life insurance issues.
He has authored a number of publications, including "A market-based approach to pricing with-profits guarantees" and "The realistic reporting of with-profits business". He is a member of various industry committees and from February 2010 until June 2012, he was a member of the Board for Actuarial Standards. He is also an experienced conference speaker, both in the UK and abroad.
David is married with an eleven year old son and is a keen musician and hill-walker.
Tonya Manning, President, Society of Actuaries
Tonya B. Manning is an actuary for the U.S. Department of Treasury. In this role, she is involved in a number of activities related to employee plans, including participating in regulation projects, reviewing ruling requests, and public outreach. She also assists private practitioners and internal personnel with technical questions. Prior to joining the U.S. Department of Treasury, Manning worked for 22 years at Aon Consulting and was senior vice president and chief actuary for its U.S. retirement practice. She is a fellow of the SOA, a member of the American Academy of Actuaries (the Academy), a fellow of the Conference of Consulting Actuaries (CCA), and an enrolled actuary.
Manning holds a number of volunteer positions with the SOA. She is a member of its board of directors, currently serving as president and previously as vice president.
Prior to serving on the board, Manning was chair of the SOA's Pension Section Council. She also served on examination committees, assisting in writing questions and pretesting exams, and has been a member of past program committees.
In addition to her volunteer work at the SOA, Manning is a member of the Pension Practice Council and the Volunteer Resource Committee for the Academy, chair of the Academy's Pension Communications Task Force, and co-chair of its Joint Lifetime Income Risk Task Force. She also is a member of the planning committee for the enrolled actuaries meeting, jointly sponsored by the CCA and the Academy.
Manning graduated from the University of North Carolina at Chapel Hill and resides in Winston-Salem, N.C. with her husband Kent.
Jeff Mullholland, Managing Director and Head of Insurance and Pension Solutions, Americas for Societe Generale
Jeff is the Managing Director and Head of Insurance and Pension Solutions for SG Americas Securities, LLC. Jeff has been involved in the derivatives and securitization markets with premier investment banks and hedge funds since 1991 including:
- Leading a hedge fund strategy which received the first preliminary rating from Moody's for a life settlements securitization
- Leading the capital markets activities for one of the largest originators of life settlements, as its President
- Heading Citigroup's Structured Insurance Products Group
- Leading the team at Goldman Sachs that created Arrow Re, their offshore reinsurance company designed to facilitate the securitization of insurance risk
- Heading Goldman Sachs' fixed income derivatives business for the insurance and reinsurance industries in North America
Prior to working on Wall Street, Jeff was an actuarial consultant for 5 years. Jeff is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries. He graduated magna cum laude from the Wharton School in 1986.
Daria Ossipova-Kachakhidze, Head of Longevity and Mortality R&D, SCOR
Daria Ossipova Kachakhidze joined SCOR in 2002 and became Head of Longevity and Mortality R&D centre in 2005. Daria's team forges SCOR's expertise of mortality and longevity risks. The team specialists, actuaries and researchers, conduct research projects, take part in the development of new products, establish scientific partnerships with academics and contribute to the risk management policy through various research projects, by validating guidelines, conducting referrals and peer reviews. Daria has a PhD in mathematics and taught at the University of Hull in the UK before becoming a researcher at the Ecole normale sup¨¦rieure de Cachan. Daria began with research in pure mathematics (differential geometry), subsequently completing a post doctorate at the French National Scientific Research Centre (CNRS) in the same field. Daria then chose to go into applied research taking the role at SCOR to combine research and its practical applications.
Cord-Roland Rinke, Managing Director, Hannover Life Re
Cord is Managing Director of Hannover Re - Life & Health Longevity, which includes the global responsibility for annuity business. During the last years, Hannover Re has actively worked on transferring longevity risks from pension schemes onto its books. Cord and his team have written various longevity deals on pension schemes with a number of insurance carriers and banks. In his prior role, he was also responsible for the corporate actuarial department building a life internal model for Solvency II and managing the calculation of the market consistent embedded value. Before that he was in charge of the life reassurance business in Asia and the annuity reassurance business in the UK. His team structured tailor-made life reassurance solutions for Hannover Re's clients in the UK and the clients of the branch offices in Hong Kong, Kuala Lumpur, and Stockholm. Cord was involved in establishing a subsidiary, Hannover Life Re Ireland, which is one of Hannover Life Re's specialist entities for financing reassurance business. During his time in Dublin, he developed alternative reassurance structures for annuity business. He joined Hannover Re in 1990. Initially he worked as treaty underwriter for North American life reassurance business, focusing on financing reassurance. In the middle of the 1990s he was largely involved in the establishment of Impaired Live Annuities and Enhanced Annuities in the UK. Since then Hannover Re has successfully become the market leader in the reassurance of UK Enhanced Annuities. Cord holds a degree in Mathematics, is a member of the Deutsche Aktuar Vereinigung and a Fellow of the Society of Actuaries.
Chris Hornsby, Longevity Risk Model Manager, RMS LifeRisks
Chris' academic background is in applied mathematics and epidemiology, his doctoral research at University College London was focused on probabilistic models of the multistage development of cancer. Chris joined the LifeRisks group at RMS in 2008 working initially as a lead developer of the RMS Longevity Risk Model and subsequently more broadly on capital reserving and risk transfer applications in respect of both life catastrophe and longevity risk. Chris was a key contributor to expertized risk analyses for both 'Kortis' - the Swiss Re sponsored first-in-class rated longevity ILS, and also the landmark 2012 Aegon capital markets longevity swap.
Chris K. Madsen Head of Risk Structuring & Transfer, President, Blue Square Re N.V., AEGON NV
Chris Madsen, Head of Risk Structuring and Transfer, joined AEGON NV in early 2007. He serves as President of Blue Square Re N.V. and as Chairman of AEGON's Global Reinsurance Use Committee. Mr. Madsen, a Danish and American citizen, received a Masters in Engineering from Princeton University in Princeton, USA. He is an Associate of the Society of Actuaries and a Chartered Financial Analyst. He started his professional career in New York with PriceWaterhouseCoopers in 1990, and subsequently worked in various roles as Consulting Actuary and Principal. He moved back to his native Denmark in 2003 with General Electric's Insurance Solutions group (later Swiss Re) until joining AEGON NV in The Hague, Netherlands.
Mr. Madsen has published numerous articles on underwriting risk solutions and is a frequent speaker on the topic and related innovations. At AEGON, Mr. Madsen has responsibility for enhancing the AEGON group's economic risk and capital profile through risk structuring solutions.
Guy Coughlan, Managing Director, Pacific Global Advisors
Guy is a member of the management team at Pacific Global Advisors (PGA), a business providing asset management and advisory services to pension plans that was acquired from J.P. Morgan by Pacific Life Insurance Company in 2011.
Prior to joining PGA, Guy was a Managing Director at J.P. Morgan and most recently held the positions of Global Head of ALM Advisory, Global Head of Longevity Solutions, and Co-head of European Pension Advisory. Guy joined J.P. Morgan in 1994 and spent nearly 17 years advising pension funds, corporations and insurers on strategic investment, risk management and capital structure. In 2007 he set up J.P. Morgan's macro longevity business, which launched an open-source platform for longevity risk management called LifeMetrics and implemented the world's first longevity transactions using capital markets swaps.
Guy played a central role in establishing the Life & Longevity Markets Association (LLMA), a cross-industry body set up to promote the market for longevity risk transfer, serving as inaugural chairman of the Technical Committee. More recently, he served on the US Society of Actuaries' Longevity Task Force.
Chung-Hung Wu, ASA, AARIC. Senior Vice President of Cathay Life Insurance Co.
Mr. Wu joined Cathay Life since 1994. He is currently in charge of both traditional and investment-linked product development functions of the company. In addition, Mr. Wu has managed the affairs of valuation and product pricing in Cathay Life insurance company Limited(China) before his current position.
Peter Schliebs, Senior Portfolio Manager, Challenger Life Company Limited
Peter Schliebs joined Challenger in July 2003 and is a Senior Portfolio Manager within Challenger Life Company Limited. In this role he is responsible for the asset and liability management of Challenger Life as well as for investments in property, infrastructure and life insurance risk.
Prior to joining Challenger, Mr Schliebs was with Zurich Capital Markets Asia where his primary responsibility was the establishment of offices in Japan, Hong Kong and Singapore. Mr Schliebs has also worked at Macquarie Bank and Bankers Trust in a variety of financial markets roles. Mr Schliebs has a Bachelor of Business from the University of Technology, Sydney.
Jennifer L Wang, Vice Chairperson, Financial Supervisory Commission, Taiwan and Distinguished Professor at National Cheng-Chi University
Professor Jennifer Wang is the Vice Chairperson of the Financial Supervisory Commission in Taiwan. She is also the Distinguished Professor at National Cheng-Chi University. She is the associate editor of Journal of Insurance Issue. Professor Wang has been served as a board member of both the American Risk and Insurance Association and the Asia-Pacific Risk and Insurance Association. With extensive research in the risk management, insurance and pension, professor Wang has served for years as the board of director and consultant for many life insurance companies and as the board member to various committees in major pension funds in Taiwan. Her research interests are in risk management, insurance, pension and retirement market. Professor Wang is also invited to serve as a research fellow of China Center for Insurance and Social Security Research in Peking University in China. She has been listed as the Scientific Committee Member of International Longevity Risk and Capital Market Conference since 2005. She has published many papers in the international top tier journals, including the Journal of Risk and Insurance, Geneva Risk and Insurance Review, Insurance Mathematic and Economics, The Geneva Papers on Risk and Insurance: Issues and Practice, North American Actuarial Journal, Risk Management and Insurance Review, and Journal of Insurance Issue etc
Tian Meipan, Vice General Manager and Chief Actuary of China Life Reinsurance Company and Chief Actuary of China Reinsurance (Group) Corporation.
Tian Meipan, Chinese Actuarie(Non-Life) and Actuary of SOA, has 2-year teaching experience and 12-year experience in the Life Reinsurance industry. Tian Meipan has done much research in insurance fields like the design and pricing of Life Reinsurance products, Casualty Reinsurace, the incidence of serious diseases and mortility. He has given lectures at the conferences related to the incidence of serious diseases, International accounting standards, economic capitals and Casualty Reinsurace , and now he is the Vice General Manager and Chief Actuary of China Life Reinsurance Company as well as the Chief actuary of China Reinsurance(Group) Corporation.
Andrew Coburn, Senior Executive of Risk Management Solutions
Dr. Andrew Coburn is a senior executive of Risk Management Solutions (RMS), the worldwide industry leader in providing mathematical modelling for insurance risk. He is the technical lead for the RMS LifeRisks team that services the financial services industry in modelling risks such as excess mortality and longevity. RMS mortality risk models are widely used by life insurance clients and those managing pensions and annuity risk for risk capital management, including use in Solvency II compliance. The RMS Longevity risk model is commonly used for de-risking transactions for annuity and pension portfolios.
Applications of RMS models include providing analytics to support the Deutsche Bank longevity de-risking transaction for Aegon in the capital markets; Swiss Re's Kortis longevity bond; and Swiss Re's VITA excess mortality bond series.
Dr. Coburn has many years of international experience of insurance risk analysis and is recognized as an authority on catastrophe risk modelling. Since 2004, he has managed the development of a suite of mortality risk models, including the RMS Longevity Risk Model, models for pandemic influenza and emerging infectious diseases, and medical-based life insurance underwriting. From 2002 to 2008, he was also the project leader in developing the suite of RMS Terrorism Risk Models, now used by most leading insurers internationally.
He has published widely, including as a contributing author to Reinsurance, the classic textbook by R. Carter. Dr. Coburn originally completed his Ph.D. on risk management policy at Cambridge University in 1987.