About this event
The Internet Insurance Summit Asia Pacific 2018, hosted by All-Gen Group, will be held on March 28th – 29th in Shanghai.
During the forum, over 500 attendees will explore emerging business models, market conditions technological trends and the latest industry regulatory policies.
Furthermore, the summit will bring together both Chinese and international industry experts who will consider the opportunities and challenges brought by the evolution and transition from traditional insurance business models to internet based model.
- Gene LAI, Asia-Pacific Risk and Insurance Association
- He Xiaofeng ,Director of Development and Reform Department, China Insurance Regulatory Commission(CIRC)
- David Piesse, Ambassador Chairman, International Insurance Society
- Chen Bingzheng, Director of China Insurance and Risk Management Research Center, Tsinghua University
- Stephen P .Groff, Vice-President, Asian Development Bank
- Guo Guangchang, Chairman, FOSUN Group
- George Sartorel, CEO of Asia Pacific, Allianz Group
- Li Xiangyuan, Executive vice President and chief insurance officer, Ping An
- Huang Xiaorong, Managing Partner of Insurance Industry, PWC
- Jamie Hale, CEO, Ladder Life
- Linden Holliday, CEO, My Drive
- Hu Yinan, Chairman, Fanhua Inc
- President, Zhang Yaqin, Baid
- Bob Cummings ,Head of SAP’s Insurance Business Unit
- Chen Wei, CEO, Zhong An
- Yashish Dahiya ,CEO , Policybazaar
- Steven Mendel，CEO，Bought by Many
- Rohan Malhotra, CEO, RoadZen
- Dr. Greg S Corrado, Senior Research Fellow ,Google
- Chen Shengqiang, CEO, Jing Dong
- Yin Ming, Ant
- Yang Fan, Chairman, Trust Mutual life Insurance
Schedule – Day 1 – 28th, March
Section 1: Top-Level Design – The Market Situation Analysis and Innovative Models Exploration in the Existing Market Economy
Section 2: Opportunities and Challenges Brought by the Evolution and Transition from Traditional Insurance Business Model to Internet Business Model
Panel Discussion: Opportunities and Challenges during the Transition Period of Internet Insurance Industry in Asia Pacific
Section 3: Technology and Technique Promotes the Diversified Development of Internet Insurance Industry
Section 4: The Oversea Innovative Models of Internet Insurance
Section 5: Situational and Distributional Innovation of Internet Insurance
Panel Discussion: New Opportunity – When Internet Insurance Meets InsurTech
Schedule – Day 2 – 29th,March
Section 3: Integrating and constructing a new ecology, improving and innovating new business models
Section 4: Insurance cross-border cooperation based on interconnected thinking
Panel Discussion: How to focus more accurately on the “pain” of the cross-border co-operation in relation to internet insurance?
Section 5: Extend Insurance Industry Chain By Cooperation
Panel Discussion: Extend insurance industry chain by multiple cooperation, explore the future development trend of internet insurance.
Date: 18-19 January, 2018, Thursday/Friday
As a two day event based in Shanghai, the Internet Insurance Conference Asia Pacific 2018 was a dual language occasion with over 300 attendees and live streamed to over 10,000 viewers. The Digital Insurer’s Simon Phipps was invited to give both opening address and lead a panel discussion.
A notable speaker from day one was Mr Bruce Xie of Tencent, the parent company of WeChat, which now boasts over 1 billion active users. Tencent’s interest in the insurance industry is no secret and its recent establishment of a wholly owned insurance broker ‘WeSure’ has sparked speculation about what Tencent plans to do beyond the pure distribution of insurance. Mr Xie first laid out Tencent’s core competencies of social networking, gaming and O2O services before acknowledging the pivotal role that data analytics will play in WeSure’s future.
However, Mr Xie also noted that just having users is not enough and that there is an equally important operational task around cyber security and user authentication that will be a challenge for Tencent. Specifically, the need for insurers to instill robust security protocols to protect users from compromised accounts and fraudulent offers.
WeSure will also co-operate with other insurers that have expertise within specific product lines such as health and life insurance. For WeChat’s part, its database of over a billion active users will help insurers to access a ready made sales channel while the insurer focuses on claims & underwriting, then they can use big data to help them do the production innovation.
During the afternoon panel discussion, Simon Phipps’s highlighted the early stage nature of blockchain in the context of its potential implications for traditional insurance distribution.
Another key moment from Day 1 was the Golden Innovation Awards whereby a number of different businesses were recognized for their contribution to innovation across the Chinese insurance market including Hangzhou based iBox and Shenzhen based Elephant insurance.
The second day divided into two sub forums and Simon Phipps again delivered the opening address. The speakers that followed included Mr Chen Wei, CEO of Zhong An Technologies, Zhong An’s enterprise software arm that also provides insurtech solutions to other insurers.
In a later session, several examples of strategic approaches by both Chinese and Western insurers to developing business cross-border were discussed, including Ant Zhong An and Ping An Good Doctor. Mr Eddie Ruan from IBM also highlighted the challenge that digital insurers will have passing data from multiple sources and gave the example of using OCR to help process claims.
Ultimately, this event was a rare but good example of cross-border knowledge exchange and networking , and the TDI team looks forward to bringing you more coverage from China in the months ahead. In the meantime, preparation for TDI Livefest, the worlds first fully online global conference, is well underway. Taking place in November 2018, you can register to attend for free, by following the link below.