Press Release for the “2013 Conference on ERM in the Insurance Industry – Deepening and Enhancement”

　　The annual “Conference on ERM in the Insurance Industry” is going to take place on May 23, 2013. This year’s conference is supervised by the Financial Supervisory Commission, planned by the Insurance Bureau, organized by Taiwan Insurance Institute, and jointly co-organized by the Motor Vehicle Accident Compensation Fund, Taiwan Residential Earthquake Insurance Fund and Taiwan Insurance Guaranty Fund.

　　The organizer of the event indicated that 2013 is the third consecutive year that the conference held. Each year, the conference features the latest hot topics related to risk management and solvency issues by inviting international and domestic experts and scholars to share their experience, conduct in-depth discussion, and propose practical suggestions. It is no wonder that every Conference is well received and highly anticipated by the industry.

　　To reflect the conference’s aim of helping to generate a more effective enhancement on the practice of risk management and to fulfill the expectation of cascading and deepening of risk management culture in the insurance companies, “Deepening and Enhancement” is selected as the sub-theme for the Conference. 2013 Conference has a solid lineup of speakers sure to inspire. Included in the speaker line-up are: Connecticut’s Insurance Commissioner Mr. Thomas B. Leonardi, the head of KPMG Regulatory Center of Excellence in the Asia Pacific region Mr. Martin Noble, two risk management experts from Aon Benfield – Mr. Sifang Zhang and Ms. Rebecca Lin, Former Economic Counsellor of International Association of Insurance Supervisors (IAIS) Mr. Daniel Hofmann, Executive Vice President Ms. Mei-Ying Chao of Prudential Life Insurance Company of Taiwan, Group Chief Risk Officer Mr. Axel P. Lehmann of Zurich Insurance Group and Chief Risk Officer for Asia Pacific Mr. Christopher Cron. Their presentations will cover regulatory point of view and/or practical methods for execution for the following seven major topics: “International Supervisory Trends on Risk Management,” “Supervisory Regulations on the Use of Internal Model,” “The Use of Internal Model in U.S. Regulations,” “Extreme Risk Management,” “Macroeconomic Risk Management,” “Enhancement of Company’s Risk Management Culture,” and “Practical Issues of ORSA.”

　　The organizer’s goal is to enhance supervisor’s and insurers’ understanding on international supervisory trends on risk management and to provide an opportunity of learning on the execution of risk management through a one and a half day, well coordinated conference, meanwhile offering a platform for international exchange and interaction for the international insurance community.