Third China International Insurance Summit 2011

Summit Background

As one of the indication of world economy, the international insurance industry has witnessed fast and sustainable development in recent years; however, the financial crisis caused by subprime lending has definitely imposed a great impact on insurance companies. How will international insurance capacity, competition and pricing be affected by economy recovery? What is the future trend of global insurance markets? China is a good entry point.

Attributed to the open-up and reform policy, Chinese insurance industry has experienced rapid growth, showing great potential in the last ten years. In 2010, premium income of the first half year has increased by 33.6% on the same period last year. The latest revised China Insurance Law has been implemented by the State Council last year. Regulations on insurance capital investment as well as internal control have been released recently. International insurers find more and more opportunities with the improvement of legal environment of Chinese insurance industry.

The summit will provide an effective platform on which the participants will familiarize themselves with China's policies and regulations on the insurance industry in order to gain better understanding of China's insurance market, thus optimizing development strategies in China. What's more, speakers from world-leading companies and China central government will also share with the attendees their precious experience and opinions on China's insurance industry

Summit Highlights

• First-hand information of latest regulation regarding China's insurance industry
• Overview on China's insurance market and future trend
• Close look at operation model and bottleneck break in compulsory traffic accident liability insurance
• Quick click on product innovation in individualized third party agent service in health insurance market
• Operation experience sharing by high-level executives on risk diversification, anti-insurance fraud and anti-money laundry
• Insight into balance among management of insurance reserve fund, investment on fixed-coupon rate securities and risk assets
• Exploring insurers' broadened investment channels and optimized investment strategies in China
• Understanding the profitability model of insurers and brokers and identifying solutions to possible transition

Previous Event Review

Organized by Duxes Business Consulting Inc. and supported by GTZ, China International Insurance Summit 2009 & 2010 gathered 168 delegates from 116 businesses.

Eminent guest speakers from Chinese government including CIRC, SAT, NPC and the Supreme People's Court of the PRC explained the latest policies and regulations in China insurance industry. Top executives from Allianz, PICC Asset Management, PICC Health, Munich Reinsurance, Accenture, DLA Piper, IBM, Avaya, ParkwayHealth, WPMI, Duff & Phelps, Vanbreda International, GMC, New York Life International, Generali Life, Crawford and International SOS shared their real-life experiences and cases with insight into the current situation and future trend of international and Chinese insurance industry.

The annual events provided powerful platforms for the sharing of information with numerous networking opportunities. Most of the attendees have thought this a valuable one and have expressed their interest in attending the 3rd China International Insurance Summit with new theme.