Year 2018

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Programme

View Programme for: Day 1 - 30th July 2018​ | Day 2 - 31st July 2018 | Day 3 - 1 August 2018

Time Day 1: Monday 30 July 2018
8:00-8:50 Registration & Welcome  Marina Mandarin Ballroom
8:50-9:20

Opening Ceremony
Chairperson: Professor Shaun Wang, Director of IRFRC, Nanyang Business School

Welcome Address
Professor Robert Kennedy, Dean of Nanyang Business School

Marina Mandarin Ballroom
9:20-10:30 Plenary Session 1: 
Regulation, the 4th Industrial Revolution and Asia's Insurance Development
Keynote speaker: Mr. Ian Johnston, CEO of Dubai Financial Services Authority (9:20-10:00)
Keynote speaker: Dr. John Chen, President of Swiss Re China (10:00-10:30)
Marina Mandarin Ballroom
10:30-10:50 Refreshment Break
10:50-12:00 Plenary Session 2:
How can we achieve closer Industry-Academic Collaboration
Moderator: Professor Shaun Wang, Director of IRFRC, Nanyang Business School
Panelists: Professor Don Chang, Konkuk University, South Korea
Professor Wai-sum Chan, The Chinese University of Hong Kong, Hong Kong
Professor Michael Powers, Tsinghua University, China
Dr Vincent Lepez, Deputy CEO, SCOR Global Life Asia Pacific, Singapore
Mr Khoo Kay Hwee, Chief Risk Officer, AIA, Singapore
Ms. Julie Cain, Sr. Strategic Advisor, ETS, USA
Marina Mandarin Ballroom
12:00-13:20 SCOR lunch: Speech by Eric Pooi, and award of SCOR Actuarial Prize
13:30-14:05 Plenary Session 3:
Prof. Phelim Boyle, Wilfrid Laurier University Quantification of Risk Rating Systems by Dr. Yimin Yang, Protivity, USA
Marina Mandarin Ballroom
14:25-15:55 Concurrent Sessions 1   Show More
1A: Cyber Risk
1B: Longevity 1
1C: Insurance Economics 1
1D: Catastrophe
1E: Risk Management 1
1F: Health Insurance
Marina Mandarin Ballroom
Vanda 3, Marina Mandarin Hotel Level 6
Vanda 4, Marina Mandarin Hotel Level 6
Basil 1+2, NTU Alumni House
Basil 3, NTU Alumni House
Saffron Room, NTU Alumni House
  Concurrent Session 1A: Cyber risk
Location: Marina Mandarin Ballroom
14:25-14:55

Moderator: W. Jean Kwon, St John’s University

IRFRC Cyber Risk Project
Gabriel Toh, Nanyang Technological University

Discussant: Julie Cain, Chairperson, Standard and Practices Committee, RIMS Board of Directors

14:55:15:25

What is the impact of successful cyberattacks on target firms?
Shinichi Kamiya, Nanyang Technological University
Jun-koo Kang, Nanyang Technological University
Jungmin Kim, Hong Kong Polytechnic University
Andreas Milidonis, University of Cyprus
René Stulz, Ohio State University

Discussant: Kwangmin Jung, University of St. Gallen

15:25-15:55

Demand for cyber-insurance: Interdependency, ambiguity-aversion and loss-aversion
Kwangmin Jung, University of St. Gallen
Martin Eling, University of St. Gallen

Discussant: Shinichi Kamiya, Nanyang Technological University

  Concurrent Session 1B: Longevity 1
Location: Vanda 3, Marina Mandarin Hotel Level 6
14:25-14:55

Moderator: Michael R. Powers, Tsinghua University

Constructing Out-of-the-Money Longevity Hedges Using Parametric Mortality Indexes
Johnny Siu-Hang Li, University of Melbourne and University of Waterloo
Jackie Li, Macquarie University and University of Waterloo
Uditha Balasooriya, Nanyang Technological University
Kenneth Q. Zhou, University of Waterloo

Discussant: Chen Ling, Georgia State University

14:55:15:25

Demand for annuities and long-term care insurance with recursive utility: Impact of housing
Mengyi Xu, UNSW Sydney
Jennifer Alonso-Garcia, UNSW Sydney
Michael Sherris, UNSW Sydney
Adam W. Shao, UNSW Sydney

Discussant: Peter Vekas, Corvinus University of Budapest

15:25-15:55 Forecasting Chinese mortality in a multi-population context
Pintao Lyu, Tilburg University
Hong Li, University of Manitoba
Yang Lu, University Paris 13

Discussant: Jingong Zhang, Nanyang Technological University

  Concurrent Session 1C: Insurance Economics 1
Location: Vanda 4, Marina Mandarin Hotel Level 6
14:25-14:55

Moderator: Yoichiro Fujii, Osaka Sangyo University

Risk Exchange under EUUP
Hideki Iwaki, Kyoto Sangyo University

Discussant: Martin Bieler, University of St. Gallen

14:55-15:25

Monopoly, heterogeneous beliefs and imperfect information: The insurance market
Michiko Ogaku, Nagasaki University

Discussant: Jiahua Xu, University of St. Gallen

15:25-15:55

Should We Do More When We Know Less? Optimal Risk Reduction under Technological Uncertainty
Lu Li, Ludwig-Maximilians-Universitaet Munich
Richard Peter, University of Iowa

Discussant: Yoichiro Fujii, Osaka Sangyo University

  Concurrent Session 1D: Catastrophe
Location: Basil 1+2, NTU Alumni House
14:25-14:55

Moderator: Morton Lane, University of Illinois at Urbana-Champaign

Catastrophe Insurance, Government as Reinsurer and Insurers’ Risk-Taking Investment
Hanyang Wang, Peking University
Jieyu Lin, Tsinghua University

Discussant: Shigenori Ishida, Kansai University

14:55-15:25

Ideal Community Networks for Vulnerable Groups during a Disaster
Shigenori Ishida, Kansai University

Discussant: Hanyang Wang, Peking University

15:25-15:55

How Does Climate Risk Affect Catastrophe Bond Prices in the Primary and Secondary Markets?
Min-Teh Yu, China University of Technology and National Chiao Tung University
Chia-Chien Chang, National Kaohsiung University of Applied Science
Hwei-Lin Chuang, National Tsing Hua University
Yang Zhao, National Chiao Tung University

Discussant: Morton Lane, University of Illinois at Urbana-Champaign

  Concurrent Session 1E: Risk Management 1
Location: Basil 3, NTU Alumni House
 14:25-14:55

Moderator: Chang Dong-Han, KonKuk University

Determinants of Derivatives Use: Evidence from Small and Medium Enterprises
Yoshihiro Asai, Meiji University

14:55-15:25

The Drivers and Value of Enterprise Risk Management: Evidence from ERM Ratings
Philipp Lechner, Friedrich-Alexander University
Alexander Bohnert, Friedrich-Alexander University
Nadine Gatzert, Friedrich-Alexander University
Robert E. Hoyt, University of Georgia

Discussant: Yoshihiro Asai, Meiji University

15:25-15:55

Enterprise Risk Management, Financial Reporting and Firm Operations
Siwei Gao, Eastern Kentucky University
Tom Hsiao-Tang Hsu, University of Louisiana at Lafayette
Fang-Chun Liu, Stevens Institute of Technology

Discussant: Chang Dong-Han, KonKuk University

  Concurrent Session 1F: Health Insurance 1
Location: Saffron Room, NTU Alumni House
 14:25-14:55

Moderator: Piotr Manikowski, Poznan University of Economics and Business

Private Health Insurance Demand In China: Considering The Nonlinear Impact Of Income
Guochen Pan, Wuhan University

Discussant: Piotr Manikowski, Poznan University of Economics and Business

Lu Chi, Wuhan University

14:55-15:25

Study of international tax policies on health insurance
Shanhe Chen, Central University of Finance and Economics

Discussant: Yuan Du, Temple University

15:25-15:55

An Empirical Study on a Simple `Health Age` and Medical Costs: On new Insurance products under asymmetric information
Shinichi Yamamoto, Ritsumeikan University
Yoshimitsu Takamatsu, Japan Medical Data Center
Takau Yoneyama, Tokyo Keizai University
Takashi Tanaka, Japan Medical Data Center

Discussant: Chu-Shiu Li, National Kaohsiung University of Science and Technology

15:55-16:15 Refreshment Break
16:45-18:15 Concurrent Sessions 2   Show More
2A: Statistics 1
2B: Insurance Market 1
2C: Agricultural/Environmental
2D: Regulation 1
2E: Internal Capital Market
2F: Valuation 1
Marina Mandarin Ballroom
Vanda 3, Marina Mandarin Hotel Level 6
Vanda 4, Marina Mandarin Hotel Level 6
Basil 1+2, NTU Alumni House
Basil 3, NTU Alumni House
Saffron Room, NTU Alumni House
  Concurrent Session 2A: Statistics 1
Location:Marina Mandarin Ballroom, Level 1
 16:15 – 16:45

Moderator: Gary Venter, University of New South Wales

Feature selection for continuous aggregate response and its application to auto insurance data
Jongwoo Song, Ewha Womans University
Suyeon Kang, Ewha Womans University

Discussant: Ching-Syang Yue, National Chengchi University

16:45 – 17:15

A Covariate Shift Adaptation for Predicting Health Care Costs: An Application to Japanese Health Insurance Associations Data
Atsuyuki Kogure, Tokyo Keizai University
Shinichi Kamiya, Nanyang Technological University

Discussant: Chunli Cheng, Sun Yat-sen University

17:15 – 17:45

A Markov-Switching Vector Autoregressive Model for Firm-Level Underwriting Data Michael R. Powers, Tsinghua University Frank Y.Feng, Tsinghua University

Discussant: Gary Venter, University of New South Wales

  Concurrent Session 2B: Insurance Market 1
Location: Vanda 3, Marina Mandarin Hotel Level 6
  16:15 – 16:45

Moderator: Guochen Pan, Wuhan University

Factors widening the gap between hypothetical and actual choices: Empirical evidence from Japan’s life insurance market
Yoichiro Fujii, Osaka Sangyo University
Noriko Inakura, Osaka Sangyo University

Discussant: Rasheed Tiamiyu, The Polytechnic, Ibadan Nigeria

 16:45 – 17:15

Insurance Development Prospects in Different Regions of China
Shunyao Wang, Central University of Finance and Economics

Discussant: Xiao Wang, Central University of Finance and Economics

17:15 – 17:45

Is There Market Discipline in Life Insurance Industry? Evidence of Consumer’s Reaction to Insurer’s Risk in Taiwan
Tsai-Jyh Chen, National Chengchi University

Discussant: Rama Seth, Copenhagen Business School

  Concurrent Session 2C: Agricultural / Environmental
Location: Vanda 4, Marina Mandarin, Level 6
 16:15 – 16:45

Moderator: Wenjun Zhu, Nanyang Technological University

Managing the Volatility Risk of Renewable Energy: A study of Weather Index Insurance for Taiwan Offshore Wind Farms
Bill Chang Shih-Chieh, National Chengchi University
Jeff Liao, National Chengchi University

Discussant: Wang Ren, Hunan University of Commerce

16:45 – 17:15

Morbidity & Mortality Analysis and Premium Rating From Cattle Insurance: An Experience From Indian Market
Steward Doss, National Insurance Academy
Shalini Pathak Tiwari, National Insurance Academy

Discussant: Wenjun Zhu, Nanyang Technological University

17:15 – 17:45

Analysis of Spatiotemporal Pattern and the Influential Factors of Chinese Agricultural Insurance Based on Provincial Point
Wang Ren, Hunan University of Commerce
Pan Pan, Hunan Normal University

Discussant: Bill Chang Shih-Chieh, National Chengchi University

  Concurrent Session 2D: Regulation 1
Location:
 16:15 – 16:45

Moderator: David Eckles, University of Georgia

Risk aggregation in non-life insurance: Standard models vs internal models
Kwangmin Jung, University of St.Gallen
Martin Eling, University of St.Gallen

Discussant: Junhao Liu, University of Wisconsin-Madison

16:45 – 17:15

Do Solvency Capital Requirements Reduce Systemic Risk? —Evidence from the U.S. and European Union
Shuyan Li, Peking University
Hua Chen, Temple University
Ruo Jia, Peking University

Discussant: Sheng-Chang Peng, Ming Chuan University

17:15 – 17:45

Surrender Contagion in Life Insurance: Modelling and Valuation
Christian Hilpert, Sun Yat-sen University
Chunli Cheng, Sun Yat-sen University
Aidin Miri Lavasani, Hamburg University
Mick Schaefer, Hamburg University

  Concurrent Session 2E: Internal Capital Market
Location: Basil 3, NTU Alumni House
 16:15 – 16:45

Moderator: Pingyi Lou, Nanyang Technological University

Internal Capital Markets and Organizational Forms
Jing Rong Goh, Nanyang Technological University
Shinichi Kamiya, Nanyang Technological University
Pingyi Lou, Nanyang Technological University

Discussant: Xiaoyi Li, National Chengchi University

16:45 – 17:15 

The Determinants of Internal Capital Provision and Receipt via Internal Capital Markets Activities: Evidence from the Intra-Group Reinsurance Activities of the U.S. Non-Life Insurance Industry
Ching-Yuan Hsiao, National Chengchi University
Yung-Ming Shiu, National Chengchi University

Discussant: Cen Ming, Central University of Finance and Economics

17:15 – 17:45

Multipoint Competition, Subunit Strength, and Resource Allocation: Evidence from the Insurance Industry
Jifeng Yu, University of Nebraska-Lincoln
Jun Xia, University of Texas at Dallas
Yijia Lin, University of Nebraska-Lincoln

Discussant: Pingyi Lou, Nanyang Technological University

  Concurrent Session 2F: Valuation 2
Location: Saffron Room, NTU Alumni House
  16:15 – 16:45

Moderator: Mengyi Xu, UNSW Sydney

Saving Face: A Solution to the Hidden Crisis for Life Insurance Policyholders
Jiahua Xu, University of St. Gallen
Alexander Braun, University of St. Gallen
Lauren H. Cohen, Harvard Business Schoool
Christopher J. Malloy, Harvard Business School

Discussant: Che-Pin Chen, National Chengchi University

16:45 – 17:15 

The Valuation of Reverse Mortgages under Real Estate Systematic Risk
Pu Ming, Southwestern University of Finance and Economics
Gang-Zhi Fan, Guangzhou Higher Education Mega Center
Chunsheng Ban, Ohio State University

Discussant: Dong-Hwa Lee, Kyung Hee University

17:15 – 17:45

The Combined Risk of Liquidity and Lapse in Life Insurance
Hsiaoyin Chang, University of St. Gallen
Hato Schmeiser, University of St. Gallen

Discussant: Mengyi Xu, UNSW Sydney

17:45-18:15 APRIA General Meeting Marina Mandarin Ballroom
18:45-21:00 Buffet Dinner overlooking Singapore Skyline Marina Mandarin Ballroom
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