Member event in Shanghai, 16 August 2012
At an event organised jointly by the Institute and Faculty of Actuaries, CANUK and the Shanghai member interest group, guest speaker Haijing Wang FIA, from London, spoke on the topic of Solvency II. More than thirty people attended the talk.
The event took place in Allianz's offices in Lu Jia Zui, Shanghai. The attendees were mainly members of the Institute and Faculty of Actuaries, but interested members from other actuarial professional bodies were invited to, including the Society of Actuaries and the Institute of Actuaries of Australia. The popularity of the event was mainly due to the topic: Solvency II is a hot issue not only in Europe but also in China. The Chinese regulatory body has been following the progress of Solvency II and is looking to introduce its own regulations similar in spirt to Solvency II.
As members of the Shanghai MIG are relatively familiar with the fundamental concepts of Solvency II, the presentation was tailored to put more emphasis on the practical side. Haijing's extensive experience in the Solvency II field, obtained from working on Solvency II projects at Aviva, Ernst & Young, Metlife and the Phoenix Group, gave actuaries in Shanghai some valuable insights into how Solvency II had been implemented at the company level and the impact it has brought.
After the presentation, some members stayed for dinner which was provided by the hospitable hosts Lei Sun and Terry Zhi from Allianz. Over dinner, the story about how the UK actuarial profession was introduced to Shanghai in the 90s was brought up. One of the key persons who made that happen shared with everyone a moving and inspiring story. It was amazing how a little actuarial seed planted more than fifteen years ago had become an ever-growing actuarial group in Shanghai.
It was a wonderful night! Thanks again to the speaker, Haijing Wang, and the organisers, Jolin Qu, Terry Zhi and Lei Sun.
Visit the gallery of photographs taken on the night.
Jia Cheng FIA