SOA - Risk and Opportunity – China Variable Annuities Seminar
Event Webpage:
http://www.soa.org/professional-development/event-calendar/event-detail/risk-opp-china-va/default.aspx

Registration form:
http://www.soa.org/files/pdf/mtg-2011-risk-opp-china-va-reg-eng.pdf
http://www.soa.org/files/pdf/mtg-2011-risk-opp-china-va-reg-chinese.pdf

Date:
August 25, 2011

Location:
Renaissance Shanghai Pudong
100 Chang Liu Road
Pudong New Area
Shanghai, 200134 China

Sponsoring Organizations
The Society of Actuaries (SOA), International Section, Investment Section, China Region Committee
CPD
The seminar has been approved for 6.60 SOA Continuing Professional Development Credits
Fee
$800RMB
The Society of Actuaries (SOA) International Section, Investment Section, and China Region Committee are pleased to announce a new, special one-day seminar focusing on variable annuity (VA) in China's market.
In 2010, the Chinese Insurance Regulatory Commission (CIRC) led the pilot project of VA development in China. In May 2011, the first pilot VA product was introduced. It was coupled with the release of the very first VA guidelines by CIRC. The opening of the VA market in China has provided a tremendous opportunity and a brand new sales channel for insurance companies.
Due to the ever-increasing complexity associated with risk managing VA, it has become challenging for current and potential VA writers to manage a mix of capital market risk exposures and policyholder behavior risks. It is vital for local VA developers to learn lessons from those with experience in mature foreign VA markets, as well as understand the issues and risks inherited in VA development in their local market.
Conducted by seasoned practitioners from business and industry, the intent of this special one-day seminar is to share unbiased global VA experience, local knowledge and practical VA implementation. The seminar will help with the shortening of the learning curve for both existing and potential local VA writers in this opportunistic and risky business, and promoting a healthy and competitive market environment for a long-term retirement funding solution in China. The seminar will provide in-depth coverage on the following:

The evolution of VA, lessons learned from VA markets in North America and other counties in Asia, and how VA business behaved through multiple economic cycles Current VA pricing and valuation framework in China and its implication of reserving challenges and capital requirement to a company's financials Understand the VA market targeting and planning, product positioning and value proposition Product development and practical implication using CPPI either as a standalone or as an investment portfolio for managing VA risk Quantification of VA risk exposures; Realization of risk management tools, techniques and best practices
• Current state of China local VA market development and concerns