The PRMIA delegation to China is being organized by David R. Koenig, immediate past Chair of the Board of Directors and Executive Director of PRMIA and William Ding, Senior Vice President & Chief Risk Officer, D. B. Zwirn & Co,LP, a member of the PRMIA New York Steering Committee and former Regional Director, PRMIA Boston. They are being joined by Raj Singh, Chief Risk Officer, Allianz, Tom Wilson, Chief Insurance Risk Officer, ING and former Regional Director, PRMIA Zurich, Erwin Martens, Chief Risk Officer, TIAA-CREF, Christian Jimenez, Chief Financial Officer, Ecureuil Vie and Regional Director, PRMIA Paris, James Tunkey, Chief Operating Officer-Americas, I-OnAsia and Regional Director, PRMIA New York, Leo M. Tilman, Chief Institutional Strategist & Senior Managing Director, Bear, Stearns & Co Inc, Xisuo Louis Liu, Portfolio Manager & ALM Specialist, Wellington Management Company, Phillip Straley, Partner, Global Financial Services Risk Management and Jonathon Zhao, Senior Manager, Actuarial Services, Ernst & Young.
“Risk is not only a common enemy faced by of all human races, but also a difficult problem to tackle by insurance companies and other financial institutions around the Globe,” said Dr. Zongjian Li, Secretary General of the Insurance Institute of China. “In order to facilitate information exchange and to learn from each other regarding the best risk management practices, the Insurance Institute of China (IIC) and the Professional Risk Managers International Association (PRMIA) will jointly host the first ever IIC – PRMIA Insurance Enterprise Risk Management (ERM) Forum from October 16 to October 18, 2006 in Beijing.”
The delegation from the Insurance Institute of China is being led by Fengju Dai, Chairman, Insurance Institute of China and Dr. Zongjian Li, Secretary General, Insurance Institute of China. Joining Chairman Dai and Secretary General Li is Dr. Bingxing Hu, Chief Risk Officer, PICC Asset Management Company and former Regional Director, PRMIA Shanghai. A senior representative from the Chinese Insurance Regulatory Commission (CIRC) will also participate.
“I believe that the planned Insurance ERM Forum will greatly advance the on-going communication and collaboration between IIC and PRMIA,” continued Dr. Li. “I have no doubt that the forthcoming Insurance ERM Forum will make significant contributions not only to promote risk management education, but also to enhance risk management practices in Chinese insurance industry.”
The event is a highly personalized program, where approximately 100 of the most senior members of China’s insurance industry will convene.
“In order to establish an effective and complete risk management system, we have to leverage different roles and advantages of government regulatory functions and market mechanisms,” said Dongsheng Chen, Chairman and CEO of Taikang Life Insurance Company. “In a market economy environment, insurance is a basic tool for managing risks. Insurance will play a more and more significant role in mitigating risks associated with catastrophic disasters, in ensuring both security of human lives and safety of people’s properties, and in stabilizing a country’s economic development. “
This is an invitation-only event.
About PRMIA and the PRMIA Institute
PRMIA is the Professional Risk Managers’ International Association. A nonprofit formed in January of 2002, PRMIA is a higher standard for risk professionals with more than 60 chapters around the world and over 36,000 members from more than 170 countries. A non-profit, member-led association of professionals, PRMIA is dedicated to advancing the standards of the profession worldwide through the free exchange of ideas. PRMIA offers the only globally endorsed Professional Risk Manager (PRMTM) certification program, pursued by over 1,700 active candidates from more than 85 countries, more than any other risk certification program. More information can be found at www.PRMIA.org.
The PRMIA Institute is setting a higher standard in risk education. It is a non-profit corporation formed to serve the academic, scientific and charitable mission of PRMIA. The PRMIA Institute partners with leading university programs around the world to develop best-practice curricula for graduate level study in risk management and financial mathematics/engineering, classroom and online educational programs for working professionals, financial support of scholarly work, publications like the Professional Risk Managers’ Handbook and scholarships to support the study of risk management and financial mathematics/engineering among lower-income individuals.
About the Insurance Institute of China
The Insurance Institute of China was established in Beijing on Nov. 1979, and is responsible for the China Insurance Regulatory Commission. As a nationwide academy, IIC is a non-profit society engaged in theoretical & practical studies of insurance, and composed of insurance companies, insurance intermediaries, provincial insurance institutes, relative colleges and universities, research and teaching institutes, and professionals in relative fields. At present, IIC comprises 128 members and 200 directors, including 57 standing directors, 1 honorary president, 1 president, 9 vice presidents, 1 secretary general and 9 deputy secretaries general.
The top authoritative organ of IIC is National Membership Congress and the executive organ is Board of Directors. IIC is responsible for China Insurance Regulatory Commission and Ministry of Civil Affairs of P.R.C. The philosophy of IIC is to abide by constitution and laws of P. R.C., stand by social morality, be engaged in theoretical & practical studies of insurance, academic exchanges and training, bring up the enhancement of management of China’s Insurance and expertise of insurance practitioners, and hence induce the sustainable development of Insurance.
