Conference Schedule of CICIRM 2013

Conference Schedule of CICIRM 2013
Conference date: July 17 -20, 2013
Conference Schedule:

Wednesday, July 17th

13:00-19:00Registration, Lobby, Expo Garden Hotel Yunnan
18:00-19:30Welcome Cocktail, Herbs Garden, the first floor of Expo Garden Hotel Yunnan

Thursday, July18

Friday, July19

Saturday, July20

8:00-9:00

Registration

8:00-10:30

Parallel Oral Session
1-
A,B,C,D,E,F

8:30-10:10

Plenary Session 5

9:00-9:30

Welcome

9:30-10:00

Coffee/Tea Break

10:30-10:50

Coffee/Tea Break

10:10-10:30

Coffee/Tea Break

10:00-11:45

Plenary Session 1

10:50-12:20

Plenary Session 4

10:30-12:10

Plenary Session 6

12:00-14:00

Lunch

12:20-14:00

Lunch

12:10-12:30

Closing

12:30- 13:00

Lunch

14:00-17:00

Plenary Session 2

14:00-16:05

Parallel Oral Sessions
II -
A,B,C,D,E

13:00-19:00

Half-day
tour
of
Yunnan
Nationalities
Village

17:00-17:20

Coffee/Tea Break

16:05-16:20

Coffee/Tea Break

17:20-19:00

Plenary Session 3

16:20-18:00

Parallel Oral Sessions
III -
A,B,C,D,E

19:00-20:30

Welcome Dinner

Thursday, July 18th

08:00-09:00 Registration, the second floor of Expo Garden Hotel Yunnan

09:00-09:30 Welcome and Opening Ceremony, EXPO HALL, the second floor of Expo Garden Hotel Yunnan
Moderator: CHEN Bingzheng, Professor, Tsinghua University, China
Leader’s Oration:
Michael R. Powers, Professor, Tsinghua University
LIU Guangxi, Director, Finance Department of Yunnan Province
Specially Invited Participants, Yunnan University of Finance and Economics
Michael R. Powers, Professor, TsinghuaUniversity,
WANG Rong, Secretary of the CPC, Yunnan University of Finance and Economics’ Committee,
REN Yuhua, Deputy Director, China Insurance Regulatory Commission Yunnan Bureau
GAO Dahong, Commissioner, Development and Reform Department of Development and Planning, CIRC

09:30-10:00 Coffee/Tea Break the second floor of Expo Garden Hotel Yunnan

10:00-11:45 Plenary Session 1 (in English) (EXPO HALL, the second floor of Expo Garden Hotel Yunnan)

Moderator: Michael R. Powers, Professor, TsinghuaUniversity, China

10:00-11:00 Keynote Speech 1: Systemic Risk and the Insurance Industry[ REPORT ]
Speaker: J. David Cummins, Professor, Temple University, USA

11:00-11:45 Keynote Speech 2: On the (In-) dependence between Financial and Actuarial Risks under Physical and Pricing Measures [ REPORT ]
Speaker: Jan Dhaene, Professor, Actuarial Research Group, KU Leuven, Belgium
12:00-14:00 Buffet Lunch Herbs Garden, the first floor of Expo Garden Hotel Yunnan

14:00-17:00 Plenary Session2 (in English) (EXPO HALL, the second floor of Expo Garden Hotel Yunnan)

Moderator: DENG Yinlu, Assistant Professor, Tsinghua University, China

14:00-14:30 Corporate Goverance and Cash Holdings in U.S. Property Liabilitiy Insurance Industry[ REPORT ]
Gene C. Lai, Professor, Washington State University, USA

14:30-15:00Developments in Mortality and Longevity Risk Modeling[ REPORT ]
Michael Sherris, Professor, University of New South Wales, Australia

15:00-15:30Almost Marginal Conditional Stochastic Dominance[ REPORT ]
Tzeng Larry, Professor, Taiwan University, China

15:30-16:00Can Multi-state Hurricane Catastrophe Insurance Compacts Perform Better than State Centered Schemes?[ REPORT ]
Randy Dumm, Professor, Florida State University, USA

16:00-16:30 Valuing Equity-Linked Death Benefits and Exotic Contingent Options in Jump Diffusion Models[ REPORT ]
YANG Hailiang, Professor, University of Hong Kong, China

16:30-17:00Enterprise Risk Management: Modeling, Evidence, and Emerging Market Implications[ REPORT ]
AI Jing, Assistant Professor, University of Hawaii at Manoa, USA

17:00-17:20 Coffee/Tea Break the second floor of Expo Garden Hotel Yunnan

17:20-19:00 Plenary Session3 (Expo Garden Hotel Yunnan) (in Chinese) (EXPO HALL, the second floor of Expo Garden Hotel Yunnan)

Moderator: LONG Chao, Professor, Dean, Yunnan University of Finance and Economics, China

17:20-17:45 Management of Operational Risks in the Insurance Industry in the Post-Crisis Period[ REPORT ]
ZHUO Zhi, Professor, Southwestern University of Finance and Economics, China

17:45-18:10 The Catastrophe Risk Diversification System for Chinese Agricultural Insurance and the Scale of the Catastrophe Fund[ REPORT ]
TUO Guozhu, Professor, Capital University of Economics and Business, China

18:10-18:35The Existing Contradictions and Recommendations to China’s Insurance Industry Characterized by Low-growth and Low-interest[ REPORT ]
WANG Xujin, Professor, Beijing Technology and Business University, China

18:35-19:00 Compulsory Third-Party Liability Insurance for Automobile: Balance Analysis, Institutional Difficulties and Reform Path [ REPORT ]
WANG Guojun, Professor, University of International Business and Economics, China

19:00-20:30 Welcome Dinner, Flowers Garden, the first floor of Expo Garden Hotel Yunnan

Friday, July 19th

08:00-10:30 Parallel Oral Sessions I-A, B, C, D, E, F

Parallel Oral Session I-A: Risk Management(I) (in English)
(EXPO HALL, the second floor of Expo Garden Hotel Yunnan)

Moderator: AI Jing, Assistant Professor, University of Hawaii at Manoa, USA

08:00-08:25 CEO Turnover and Risk Taking in the U.S. Property-Liability Insurance Industry
Authors: HOChialing, Tamkang University, China
Gene C. LAI, Washington State University, USA
CHENG Jiang, Shanghai University of Finance and Economics, China
LIN Tzuting☆, National Taiwan University, China
Discussant: CHENG Jiang, Shanghai University of Finance and Economics, China

08:25-08:50 Loss reserve management surrounding CEO turnover: Evidence from the Property-Casualty Insurance Industry
Authors: CHENG Jiang☆, Shanghai University of Finance and Economics, China
J. David Cummins, Professor, Temple University, USA
LIN Tzuting, National Taiwan University, China
Discussant: CHEN Hua, Temple University, USA

08:50-09:15 Does ERM Improve Firm Value? Evidence from Listed Chinese Nonfinancial SOEs
Authors: AI Jing, University of Hawaii at Manoa, USA
CHEN Hua☆,Temple University, USA
ZHAO Yang, University of International Business and Economics, China
Discussant: LIU Jiayang, Associate professor, Guangxi University of Finance and Economics, China

09:15-09:40 Risk Evaluation and Management of Flood and Water logging Disaster in Guangxi Karst Area
Authors: LIU Jiayang☆, Associate professor, Guangxi University of Finance and Economics, China
Discussant: WANG Zhengwen, Wuhan University, China

09:40-10:05 The Study of the Investment Risk Measurement of the Insurance Companies by Nonexchangeable Copulas
Authors: TIAN Ling, Professor, Wuhan University, China
PENG Jingyi, Wuhan University, China
WANG Zhengwen☆, Wuhan University, China
Discussant: LIN Tzuting, National Taiwan University, China

10:05-10:30

Parallel Oral Session I-B: Development and Regulation of Insurance Market (I)

(in English)
(Bauhinia Room A, the second floor of Expo Garden Hotel Yunnan)
Moderator: Tzeng Larry, Professor, Taiwan University, China

08:00-08:25 Delivery not distribution: Time to revisit our industry architecture[ PPT ]
Authors: Praveen Gupta☆, Managing Director & CEO, Raheja QBE General Insurance Co. Ltd., India
Discussant: PAN Guochen, Wuhan University, China

08:25-08:50 Are Insurance Premiums Stationary in China? Utilizing the Sequential Panel Selection Method [ PPT ]
Authors: PAN Guochen☆, Wuhan University, China
Discussant: WANYAN Ruiyun, Southwestern University of Finance and Economics, China

08:50-09:15 Does Culture Effect Life Insurance Consumption? --With Evidence from Mainland China[ PPT ]
Authors: WANYAN Ruiyun☆, Southwestern University of Finance and Economics, China
YE Xiaolan, Southwestern University of Finance and Economics, China
CHEN Tao, Professor, Southwestern University of Finance and Economics, China
Discussant: CHEN Tao, Associate Professor, Yunnan University, China

09:15-09:40 The Study on Comparison the Insurance Industry Between China and America after Financial Crisis
Authors: CHEN Tao☆, Associate Professor, Yunnan University, China
Discussant: PARDHASARADHI Madasu, Associate Professor, Siva Sivani Institute of Management, India

09:40-10:05 Universal Health Coverage Role of Public Private Partnership (PPP) Model (With Specific Reference to India)
Authors: JAYALAKSHMI Valluri, Assistant Professor, Siva Sivani Institute of Management, India
PARDHASARADHI Madasu☆, Associate Professor, Siva Sivani Institute of Management, India
Discussant: Praveen Gupta, Managing Director & CEO, Raheja QBE General Insurance Co. Ltd., India

10:05-10:30

Parallel Oral Session I-C: Pension and Social Security (I) (in Chinese)

(Bauhinia Room B, the second floor of Expo Garden Hotel Yunnan)

Moderator: ZHANG Yongjian, Manager, Actuary's Department, Champion Property & Casualty Insurance CO., Ltd., China

08:00-08:25 Research on the Financial Support Capability of China’s New-type Rural Social Pension Insurance[ PPT ]
Authors: CHEN Zhichu☆, Professor, Tianjin University of Finance and Economics, China
HAO Shuangyuan, Tianjin University of Finance and Economics, China
Discussant: BU Yi, Yunnan University of Finance and Economics, China

08:25-08:50 Simulation Evaluation of Basic Medical Insurance Fund under the Global Prepayment System in Yunnan Province
Authors: BU Yi☆, Yunnan University of Finance and Economics, China
QIAN Zhenwei, Professor, Post-doctoral Station, China Insurance Regulatory Commission, China
Discussant: LIU Wei, Professor, Wuhan University, China

08:50-09:15 The Role and Mutual Relations of Commercial Insurance and Social Security[ PPT ]
Authors: ZOU Yunluo, Wuhan University, China
LIU Wei☆, Professor, Wuhan University, China
Discussant: FENG Xiaoxiao, Tianjin University of Finance and Economics, China

09:15-09:40 Analysis the Individual Contributions Grades of the New Rural Social Pension Insurance[ PPT ]
Authors: LI Hongjuan, Associate Professor, Tianjin University of Finance and Economics, China
FENG Xiaoxiao☆, Tianjin University of Finance and Economics, China
Discussant: LIU Wei, Professor, Wuhan University, China

09:40-10:05 The Analysis of the Demographic Dividend in Life Insurance Market under the Background of Aging[ PPT ]
Authors: GUI Guan, Wuhan University, China
LIU Wei☆, Professor, Wuhan University, China
Discussant: YE Xiaoling, Associate Professor, Zhejiang University of Finance and Economics, China

10:05-10:30 An Analysis on the Role of Government Procurement of Insurance Services to Optimize the Rural Public Risk Management Systems
Authors: YE Xiaoling☆, Associate Professor, Zhejiang University of Finance and Economics, China
LIU Chao, Shandong University, China
Discussant: CHEN Zhichu, Professor, Tianjin University of Finance and Economics, China

Parallel Oral Session I-D: Property and Liability Insurance (I) (in Chinese)

(Bauhinia Room C, the second floor of Expo Garden Hotel Yunnan)

Moderator: CAO Qibao, Professor, Yunnan Normal University, China

08:00-08:25 The Research Methods and Main Conclusions of 2012 Chinese Insurance Companies’ Competitiveness Evaluation
KOU Yefu☆, Associate Professor, Central University of Finance and Economics, China
Discussant: ZOU Xin, Beijing Technology and Business University, China

08:25-08:50 Research on How the ECI to Assist the Medium-Sized and Small Export-Oriented Enterprises Financing [ PPT ]
Authors: LUAN Hong, Associate Professor, Beijing Technology and Business University, China
ZOU Xin☆, Beijing Technology and Business University, China
Discussant: YANG Zhengrong, Vice CEO, China Life P&C Insurance Company, Yunnan Branch

08:50-09:15 Current situation and developing strategies of political forest fire insurance in Yunnan
Authors: LI Yongping, CEO, China Life P&C Insurance Company, Yunnan Branch
YANG Zhengrong☆, Vice CEO, China Life P&C Insurance Company, Yunnan Branch
HUO Qiang, China Life P&C Insurance Company, Yunnan Branch
LI Yongping, Manager of Non-Auto Insurance Department, China Life P&C Insurance Company, Yunnan Branch
HU Donghua, Manager of VIP/Agricultural Insurance Department, China Life P&C Insurance Company, Yunnan Branch
Discussant: ZHAO Shangmei, Professor, Beihang University, China

09:15-09:40 Public Liability Fire Risk Measuring Model and Empirical Study
Authors: ZHAO Shangmei☆, Professor, Beihang University, China

GU Guoxue, Beihang University, China
Discussant: GUO Qing, University of International Business and Economics, China

09:40-10:05 Application of Remote Sensing Technology in the Rural Housing Insurance
Authors: GUO Qing☆, University of International Business and Economics, China
HE Fei, PICC Property and Casualty Company Limited, Disaster Research Center, China
YAN Chao, PICC Property and Casualty Company Limited, Disaster Research Center, China
Discussant: QIAN Zhenwei, Professor, Post-doctoral Station, China Insurance Regulatory Commission, China

10:05-10:30 Agricultural Insurance Catastrophe Loss Compensation Capacity Simulation Assessment of the Market
Authors: QIAN Zhenwei☆, Professor, Post-doctoral Station, China Insurance Regulatory Commission, China
BU Yi, Yunnan University of Finance and Economics, China
Discussant: KOU Yefu, Associate Professor, Central University of Finance and Economics, China

Parallel Oral Session I-E: Life and Health Insurance (I) (in Chinese) (VIP 1, the second floor of Expo Garden Hotel Yunnan)

Moderator: ZHANG Yuehua, Associate Professor, Zhejiang University, China

08:00-08:25 Premium adjustment mechanism for Chinese long-term health insurance
Authors: MA Shaodong☆, Associate Professor, Guizhou University of Finance and Economics, China
Discussant: JI Caihong, Associate Professor,Beijing Technology and Business University, China

08:25-08:50 The Empirical Analysis of China’s Commercial Health Insurance Demand
Authors: JI Caihong☆, Associate Professor,Beijing Technology and Business University, China
NING Wei, Beijing Technology and Business University,China
WANG Yan, Beijing Technology and Business University,China
Discussant: WANG Qin, China International Capital LTD., China

08:50-09:15 Experiences from European countries on long-term care insurance
Authors: WANG Zhijun, China Life P&C Insurance Company, China
WANG Qin☆, China International Capital LTD., China
Discussant: LI Hong, Associate Professor, Southwestern University of Finance and Economics, China

09:15-09:40 Research on Regulations of the Design and Sale of Life Insurance Products [ PPT ]
Authors: LI Hong☆, Associate Professor, Southwestern University of Finance and Economics, China
Discussant: ZHOU Yan, Professor, East China Normal University

09:40-10:05 Bottleneck Analysis of Long-term Care Insurance and Coverage Design[ PPT ]
Authors: ZHOU Yan☆, Professor, East China Normal University
Discussant: LU Feng, Guangxi University of Finance and Economics, China

10:05-10:30 On the Commercial Health Insurance Demand Preference and Insure Behaviors Characteristics of City Dweller—Take the Nanning City for Example
Authors:YE Anzhao, Professor, Guangxi University of Finance and Economics, China
LU Feng☆, Guangxi University of Finance and Economics, China
HUANG Weihua, Guangxi University of Finance and Economics, China
LIANG Jing, Guangxi University of Finance and Economics, China
Discussant: MA Shaodong, Associate Professor, Guizhou University of Finance and Economics, China

Parallel Oral Session I-F: Property and Liability Insurance (II) (in Chinese)

(Bauhinia Room B, the second floor of Expo Garden Hotel Yunnan)
Moderator: LIU Dongjiao, Professor, Zhongnan University of Economics and Law, China

08:00-08:25 The Research of the Development of the Culture Industry Insurance in China[ PPT ]
Authors: LI Wei☆, Professor, Liaoning University, China
ZHAO Jiayi, Liaoning University, China
Discussant: ZHAO Lin, Center for Forecasting Science, CAS, China

08:25-08:50 Study of Yunnan agricultural insurance development, theory and practice[ PPT ]
Authors: LIU Weixu☆, Deputy Director of Property Insurance, China Insurance Regulatory Commission Yunnan Bureau, China
Discussant: ZHAO Zan, Central University of Finance and Economics, China

08:50-09:15 Performance Evaluation of Crop Insurance Fiscal Subsidies--Taking Jilin Province as a Case[ PPT ]
Authors: ZHAO Zan☆, Central University of Finance and Economics, China
SHI Guang, Central University of Finance and Economics, China
DENG Jiapin, Central University of Finance and Economics, China
ZHANG Tianyu, Central University of Finance and Economics, China
WEN Jing, Central University of Finance and Economics, China
Discussant: ZHANG Lu, Beijing Technology and Business University, China

09:15-09:40 Analysis on the Existence of the Underwriting Cycle in China' s Non-Life Insurance Market--On the Basis of Second-Order Autoregressive Model and Filter Model[ PPT ]
Authors: ZHANG Lu☆, Beijing Technology and Business University, China
Discussant: QING PENG, Tsinghua University, China

09:40-10:05 A Study on Pricing of Reverse Mortgage with an Embedded Redeemable Option----An analysis based on China market[ PPT ]
Authors: QING PENG☆, Tsinghua University, China
DENG Yinlu, Assistant Professor, Tsinghua University, China
CHEN Bingzheng, Professor, Tsinghua University, China
Discussant: ZHAO Lin, Center for Forecasting Science, CAS, China

10:05-10:30

10:30-10:50 Coffee/Tea Break, the Second floor of Expo Garden Hotel Yunnan

10:50-12:20 Plenary Session 4 (in English)

(EXPO HALL, the second floor of Expo Garden Hotel Yunnan)

Moderator: Gene C. LAI, Washington State University, USA

10:50-11:35 Keynote Speech 3: Reinsurance Counterparty Relationships and Firm Performance in the U.S. Property-Liability Insurance Industry[ REPORT ]
Speaker: Mary A. Weiss, Professor, Temple University, USA

11:35-12:20 Keynote Speech 4: The role of financial restructuring in China's economic transformation[ REPORT ]
Speaker: ZHANG Chenghui, Director of Financial Research Institute, Development Research Centre of the State Council P.R.C., China

12:20-12:35 [ REPORT ]
Speaker: LI Wenli, FIA, Lead Representative in Asia, The Institute and Faculty of Actuaries, China

12:35-14:00 Buffet Lunch, Herbs Garden, the Second floor of Expo Garden Hotel Yunnan

14:00-16:05 Parallel Oral Sessions II-A, B, C, D, E

Parallel Oral Session II-A: Insurance Economics: Theory and Practice (I)

(in English)
(EXPO HALL, the second floor of Expo Garden Hotel Yunnan)
Moderator: YANG Hailiang, Professor, University of Hong Kong, China
14:00-14:25 Questioning Moral Hazard in Agricultural Insurance: Non-Evidence from a Quasi-Natural Experiment on Livestock Insurance in China [ PPT ]
Authors: ZHANG Yuehua☆, Associate Professor, Zhejiang University, China
ZHU Xi, Shanghai Jiao Tong University, China
Calum G.Turvey, Professor, Cornell University, USA
Discussant: ZHU Shaojie, Shanghai Institute of Foreign Trade, China

14:25-14:50 Experimental study on underinsurance problem of rare catastrophic risks: the impact of the renewal decision[ PPT ]
Authors: ZHU Shaojie☆, Shanghai Institute of Foreign Trade, China
GUO Zhenhua, Associate Professor, Shanghai Institute of Foreign Trade, China
Discussant: GAO Jianli, Shanghai Institute of Foreign Trade, China

14:50-15:15 Impact of Accidental Expenditure on Inter-Temporal Uncertainty Decision of Household Consumption and Saving In Life-Cycle[ PPT ]
Authors: ZHAO Lei, Associate Professor, Shanghai Institute of Foreign Trade, China
GAO Jianli☆, Shanghai Institute of Foreign Trade, China
Discussant: WANG Maoqi, Tsinghua University, China

15:15-15:40 A Study on the Risk-Adjusted Insurance Market Equilibrium and Regulation Coordination [ PPT ]
Authors: WANG Maoqi☆, Tsinghua University, China
CHEN Bingzheng, Professor, Tsinghua University, China
Discussant: ZHANG Yuehua, Associate Professor, Zhejiang University, China

15:40-16:05

Parallel Oral Session II-B: Pension and Social Security (II) (in English)

(Bauhinia Room A, the second floor of Expo Garden Hotel Yunnan)

Moderator: DENG Yinlu, Assistant Professor, Tsinghua University, China
14:00-14:25 Socially Responsible Investment by Pension Funds: International Experiences and Development in China
Authors: QIAO Yang☆, Beijing Technology and Business University, China
Discussant: GAO Xiaoting, Central University of Finance and Economics, China

14:25-14:50 Regional Need Analysis of the Viatical Settlements Market [ PPT ]
Authors: ZHAO Zan, Central University of Finance and Economics, China
LIU Chenzhe, Central University of Finance and Economics, China
GAO Xiaoting☆, Central University of Finance and Economics, China
Discussant: LI Yiai, Central University of Finance and Economics, China

14:50-15:15 A Dynamic Function Regarding the Economic Benefits for Land-loss Farmers[ PPT ]
Authors: LI Yiai☆, Central University of Finance and Economics, China
DAI Linye, Central University of Finance and Economics, China
SHI Lei, Central University of Finance and Economics, China
QIANG Yating, Central University of Finance and Economics, China
ZOU Qihui, Central University of Finance and Economics, China
Discussant: ZHOU Yulian, Central University of Finance and Economics, China

15:15-15:40 “Protect Institution” or “Protect Elderly”?——An Discussion about the Choice of Risk Transfer Technology for Endowment Service Institution[ PPT ]
Authors:HUANG Wanding, Shanghai University of Engineering Sciences, China
ZHOU Yulian☆, Central University of Finance and Economics, China
Discussant: ARPAH Abu-Bakar, Senior Lecturer, Universiti Utara Malaysia, Malaysia

15:40-16:05 Individual Demand for Private Health Insurance When Health Care is Free[ PPT ]
Authors: ARPAH Abu-Bakar, Senior Lecturer, Universiti Utara Malaysia, Malaysia
Angappan REGUPATHI, Associate Professor, Universiti Utara Malaysia, Malaysia
Syed Mohamed Aljunid, Professor, National University of Malaysia, Malaysia
Discussant: QIAO Yang, Beijing Technology and Business University, China

Parallel Oral Session II-C: Property and Liability Insurance (III) (in Chinese)

(Bauhinia Room B, the second floor of Expo Garden Hotel Yunnan)

Moderator: ZHANG Daijun, Professor, Zhejiang University of Finance and Economics, China

14:00-14:25 Welfare effects of compulsory liability insurance: system design, market and public opinion: analysis of compulsory insurance data based on generalized linear models
Authors: ZHANG Ji☆, Associate Professor, University of International Business and Economics, China
WANG Wen, Professor, University of International Business and Economics, China
XIE Yuantao, University of International Business and Economics, China
Discussant: ZHUANG Jiwei, Senior Economist, Yunnan Branch of PICC

14:25-14:50 Study on the ancillary services and new product development risk prevention of Yunnan tourism portfolio insurance
Authors: XU Ping, Vice Manager, Senior Economist, Yunnan Branch of PICC
ZHUANG Jiwei☆, Senior Economist, Yunnan Branch of PICC
Discussant: LI Zongmin, Director, Member of the Board, Willis Insurance Brokers Co. Ltd., Kunming Branch,China

14:50-15:15 A Countermeasure Research on Doctor-Patient Disputes and Medical Malpractice Insurance--Aspects of Local Policies and Regulations
Authors: LU Gang☆, Member of the Board, Willis Insurance Brokers Co. Ltd., Kunming Branch,China
TAO Yin, Associate Chief Physician,First People’s Hospital of Qujing,China
XU Wenjuan, Assistant Lecturer,Yunnan Normal Univesity, China
DUAN Xiaohua, Yunnan Chinese Medical School,China
Discussant: GAO Yanhua, Manager of Ping An P&C Insurance, Agricultural Insurance Department

15:15-15:40 The major issues about China's agricultural insurance and our response measures
Authors: GAO Yanhua☆, Manager of Ping An P&C Insurance, Agricultural Insurance Department
Discussant: XING Hongyang, Wuhan University, China

15:40-16:05 Asymmetric Information, Premium Subsidy and Catastrophe Insurance [ PPT ]
Authors: XING Hongyang☆, Wuhan University, China
TIAN Ling, Professor,Wuhan University, China
GAO Jun, Tsinghua University, China
Discussant: ZHANG Ji, Associate Professor, University of International Business and Economics, China

Parallel Oral Session II-D: Development and Regulation of Insurance Market (II) (in Chinese)

(Bauhinia Room C, the second floor of Expo Garden Hotel Yunnan)

Moderator: ZHAO Shangmei, Professor, Beihang University, China

14:00-14:25 Reputation is the foundation of the insurance industry: study on insurance reputational risk[ PPT ]
Authors: CAO Qibao☆, Professor, Yunnan Normal University, China
YANG Hongwei, Research Associate, Yunnan College of Business Management, China
LIU Ya, Associate Professor, Yunnan College of Foreign Affairs & Foreign Language, China
Discussant: SHEN Danni, East China University of Science and Technology, China

14:25-14:50 The Impact of Group Operation on the Efficiency of Chinese Insurance Industry--An Empirical Study Based on Panel Data of Sample Company from 2007 to 2010
Authors: CUI Huixian, Lecturer, East China University of Science and Technology, China
SHEN Danni☆, East China University of Science and Technology, China
Discussant: GAO Jun, Tsinghua University, China

14:50-15:15 Regional Differences in China's Life insurance market Efficiency
Authors: GAO Jun☆, Tsinghua University, China
CHEN Bingzheng, Professor, Tsinghua University, China
XING Hongyang, Wuhan University, China
Discussant: JIN Boyi, Shandong University of finance and economic, China

15:15-15:40 Diversification, Performance and Risk Taking of Insurance Company [ PPT ]
Authors: JIN Boyi☆, Shandong University of finance and economic, China
YAN Qingyue, Professor, University of Hong Kong; Shandong University of finance and economic, China
Discussant: RUI Jianxin, Yunnan University of Finance and Economics, China

15:40-16:05 The Analysis of the Differentiation in Regional Insurance and the Path of Industrial Upgrading --Taking Yunnan Province for Example
Authors: RUI Jianxin☆, Yunnan University of Finance and Economics, China
Discussant: CAO Qibao, Professor, Yunnan Normal University, China

Parallel Oral Session II-E: Development and Regulation of Insurance Market(III)(in Chinese)

(VIP1, the second floor of Expo Garden Hotel Yunnan)

Moderator: LI Wei, Professor, Liaoning University, China

14:00-14:25 The "ChuXiong Mode" of Yunnan Critical illness insurance and its regulation [ PPT ]
Authors: QIU Donglan☆, Deputy Director of Life Insurance, China Insurance Regulatory Commission Yunnan Bureau, China
Discussant: LI Xiaohui, Nan Kai University, China

14:25-14:50 Does Insurance Industry Antitrust can Promote Economic Growth?
Authors: SHAO Quanquan, Associate Professor, Nan Kai University, China
LI Xiaohui☆, Nan Kai University, China
Discussant: WANG Hui, China Life Pension Company Limited, Beijing Branch, China

14:50-15:15 Pension Companies in Chinese Enterprise Annuity Market in Law and Economic Perspective
Authors: YAN Lujun, Chinese Academy of Social Science,China Life Pension Company Limited, China
WANG Hui☆, China Life Pension Company Limited, Beijing Branch, China
Discussant: JIANG Yu, Assistant Professor, Nanjing University, China

15:15-15:40 Path Analysis of Insurance Demand Growth on a Perspective of International Comparison[ PPT ]
Authors: YUAN Cheng, Assistant Professor, Nanjing University, China
JIANG Yu☆, Assistant Professor, Nanjing University, China

Discussant: GAO Haixia, Associate Professor, Southwestern University of Finance and Economics, China

15:40-16:05 The Construction of Positive Interaction between Government and NGOs in Post- Lushan Earthquake Reconstruction[ PPT ]
Authors: GAO Haixia☆, Associate Professor, Southwestern University of Finance and Economics, China
CHEN Jianchao, China Railway Trust Co.,Ltd.,China
WANG Hairui, Southwestern University of Finance and Economics, China
Discussant: ZHAO Rui, Director of Life Insurance, China Insurance Regulatory Commission Yunnan Bureau, China

16:05-16:20 Coffee/Tea Break Expo Garden Hotel Yunnan

16:20-18:00 Parallel Sessions III- A, B, C, D, E

Parallel Oral Session III-A: Risk Management (II)(in Chinese)

(EXPO HALL, the second floor of Expo Garden Hotel Yunnan)

Moderator: QIAN Zhenwei, Professor, Yunnan University of finance and economics, China

16:20-16:45 Risk management of risky industries employees and insurance demand in Yunnan
Authors: LI Hong☆, Vice Manager, Yunnan branch of China Pacific Life Insurance Co.
Discussant: LI Wei, Professor, Liaoning University, China

16:45-17:10 Bank relationship, group affiliation and loan default risk: evidence from China
Authors: ZHAO Lin☆, Center for Forecasting Science, CAS, China
Discussant: LIU Ning, Associate Professor, Hubei University of Economics, China

17:10-17:35 Interest Rate Risk Measurement of Insurance Company Based on Economic Capital[ PPT ]
Authors: LIU Ning☆, Associate Professor, Hubei University of Economics, China
Discussant: HAN Jinmian, Northwest University, China

17:35-18:00 On Farmers’ Risk Avoidance Mechanism Construction in the Process of the Farmland Transfer in China
Authors: HAN Jinmian☆, Northwest University
SHAO Jiaying, Northwest University
Discussant: ZHAO Lin, Center for Forecasting Science, CAS, China

Parallel Oral Session III-B: Development and Regulation of Insurance Market (IV) (in English)

(Bauhinia Room A, the second floor of Expo Garden Hotel Yunnan)

Moderator: Joseph Shuo Qiu, AIG

16:20-16:45 Agricultural Insurance and the Urban-Rural Income Gap -- Based on a Dynamic Panel Model of the GMM Estimation [ PPT ]
Authors:TAN Yi☆, Central University of Finance and Economics, China
YUAN Yuan, Central University of Finance and Economics, China
Discussant: LIU WEI, Professor, Wuhan University, China

16:45-17:10 Correlation Analysis of Human Resources and Insurance Industry Profits [ PPT ]
Authors: GAO Na, Wuhan University, China
LIU WEI☆, Professor, Wuhan University, China
Discussant: YUAN Yuan, Central University of Finance and Economics, China

17:10-17:35 Relationship between Property insurance and Economic Growth with Different Industries Agglomeration--An Empirical Analysis Based on Panel Threshold Regression [ PPT ]
Authors: YUAN Yuan☆, Central University of Finance and Economics, China
TAN Yi, Central University of Finance and Economics, China
Discussant: XU Bo , University of Illinois at Urbana-Champaign, USA

17:35-18:00 Integration in the European Union: In or Out?
Authors: XU Bo☆, University of Illinois at Urbana-Champaign, USA
Discussant: TAN Yi, Central University of Finance and Economics, China

Parallel Oral Session III-C: Actuarial Methods and Applications (in Chinese)

(Bauhinia Room B, the second floor of Expo Garden Hotel Yunnan)

Moderator: ZHOU Yan, Professor, East China Normal University

16:20-16:45 On the insurance and reinsurance business: policy - accident year method
Authors: ZHANG Yongjian☆, Manager, Actuary's Department, Champion Property & Casualty Insurance CO., Ltd.,China
Discussant: ZHANG Lin, Professor, Hunan University, China

16:45-17:10 Estimated Reserve Discount Rate Curve of Insurance Contracts Based on the S-W Model[ PPT ]
Authors: ZHANG Lin☆, Professor, Hunan University, China
SUN Yu, Tian Ping P&C Insurance Company, China
Discussant: SHI Xiang,Senior Actuarial Analyst, Department of Actuarial & Product Development, PICC Property and Casualty Company Limited, China

17:10-17:35 Actuarial Risk Analysis and Pricing in Chinese Agricultural Insurance[ PPT ]
Authors: CHEN Donghui, Chief Actuary, Department of Actuarial & Product Development, PICC Property and Casualty Company Limited,China
SHI Xiang☆,Senior Actuarial Analyst, Department of Actuarial & Product Development,PICC Property and Casualty Company Limited, China
PAN Zhiheng, Actuarial Analyst, Department of Actuarial & Product Development, PICC Property and Casualty Company Limited, China
Discussant: ZHANG Yongjian, Manager, Actuary's Department, Champion Property & Casualty Insurance CO., Ltd.,China

17:35-18:00

Parallel Oral Session III-D: Insurance Economics: Theory and Practice (II)

(in Chinese)
(Bauhinia Room C, the second floor of Expo Garden Hotel Yunnan)

Moderator: CHEN Zhichu, Professor, Tianjin University of Finance and Economics, China

16:20-16:45 An Empirical Analysis of Trust and Willingness of Insurance Purchase [ PPT ]
Authors: GUO Zhenhua, Associate Professor, Shanghai Institute of Foreign Trade, China
JIANG Rongjiang☆, Shanghai Institute of Foreign Trade, China
Discussant: ZHOU Zhigang, Southwestern University of Finance and Economics, China

16:45-17:10 Catastrophe Shock, Risk Perception and Demand of Insurance Based on the Data of “Wenchuan” Earthquake[ PPT ]
Authors: ZHUO Zhi, Professor, Southwestern University of Finance and Economics, China
ZHOU Zhigang☆, Southwestern University of Finance and Economics, China
Discussant: YAO Peng, Wuhan University, China

17:10-17:35 Does Risk Perception Affect Insurance Decision? Theoretical and Methodological Perspectives[ PPT ]
Authors: TIAN Ling, Professor, Wuhan University, China
YAO Peng☆, Wuhan University, China
Discussant: FAN Jie, Yunnan University of Finance and Economics, China

17:35-18:00 The Empirical Study on the Effect of Urbanization to Farmers' Demand for Agricultural Insurance
Authors: LI Yunxian, Lecturer,Yunnan University; Yunnan University of Finance and Economics, China
FAN Jie☆, Yunnan University of Finance and Economics, China
Discussant: JIANG Rongjiang, Shanghai Institute of Foreign Trade, China

Parallel Oral Session III-E: Development and Regulation of Insurance Market (V) (in Chinese)

(VIP1, the second floor of Expo Garden Hotel Yunnan)

Moderator: KOU Yefu, Associate Professor, Central University of Finance and Economics, China

16:20-16:45 The Theoretical Mechanism and the Choice of Target Mode of Insurance Funds Participating in Low-Income Housing Construction Financing [ PPT ]
Authors: ZHANG Daijun☆, Professor, Zhejiang University of Finance and Economics, China
Discussant: ZHAO Danna, Beijing Technology & Business University, China

16:45-17:10 The Development Research of China’s Bancassurance under Equity Consolidation by Using SWOT Analysis Method[ PPT ]
Authors: ZHAO Danna☆, Beijing Technology & Business University, China
Discussant: LUAN Hong, Associate Professor, Beijing Technology and Business University, China

17:10-17:35 Exploration of the Diversified Operational Model of the Micro-insurance During Urbanization[ PPT ]
Authors: LUAN Hong☆, Associate Professor, Beijing Technology and Business University, China
Discussant: ZHONG Hongfei, Wuhan University, China

17:35-18:00 Construction of Compulsory Environmental Liability Insurance System in China[ PPT ]
Authors: ZHONG Hongfei☆,Wuhan University, China
SONG Pingfan, Wuhan University, China
Discussant: ZHANG Daijun, Professor, Zhejiang University of Finance and Economics, China

Saturday, July 20th

08:30-10:10 Plenary Session 5 (EXPO HALL, the second floor of Expo Garden Hotel Yunnan) (in Chinese)

Moderator: TUO Guozhu, Professor, Capital University of Economics and Business, China

08:30-08:55 The institution and practice of Yunnan earthquake insurance [ REPORT ]
REN Yuhua, Deputy Director, China Insurance Regulatory Commission Yunnan Bureau, China

08:55-09:20The Research of Impacting Effect of Risk Governance Mechanisms on Firm Value[ REPORT ]
WANG Wen, Professor, China Export & Credit Insurance Corporation, China

09:20-09:45 Some thoughts on specialization of commercial health insurance development path [ REPORT ]
LIN Minyao, Borad Director and CEO of Kunlun Health Insurance Company, China

09:45-10:10 Competitiveness and Development Trend of China Insurance Companies[ REPORT ]
KOU Yefu, Associate Professor, Central University of Finance and Economics, China

10:10-10:30 Coffee/Tea Break Expo Garden Hotel Yunnan

10:30-12:00 Plenary Session 6 (EXPO HALL, the second floor of Expo Garden Hotel Yunnan) (in English)

Moderator: CHEN Tao, Professor, Southwestern University of Finance and Economics, China

10:30-11:00 Frontiers of Comprehensive Risk Management[ REPORT ]
Desheng Dash Wu, Affiliate Professor, University of Toronto, Canada

11:00-11:30 2013 Retirement Readiness Index Survey[ REPORT ]
Marco Groot Wassink, Executive Vice President, Aegon-CNOOC Life Insurance Co., Ltd,

11:30-12:00 How Insurance Companies Write and Manage Catastrophe Risk[ REPORT ]
Joseph Shuo Qiu, AIG

12:00-12:20 Closing, Expo Garden Hotel Yunnan

Moderator: CHEN Bingzheng, Professor, Tsinghua University, China

12:20-13:00 Lunch Expo Garden Hotel Yunnan

13:00-19:00 Half-day tour of Yunnan Nationalities Village

Due to limitations in the conference venue and time, we were not able to select all accepted abstracts for presentations. These abstracts un-presented are as follows:

Development and Regulation of Insurance Market
1: Research on information disclosure quality of Chinese life insurance companies -- from 51 life insurance companies' annual reports in 2010
Authors: LI Hong, Southwest University of Finance, China
Wang Xiaoying, Southwest University of Finance, China

2: A Research on Elements of Affecting Insurance Investment Yielding----from the Perspective of Systemic Risks Analysis
Authors: LI Qingwei, central university of finance and economics, China

3: The Rationalization of Land-Expropriation under the 2012 New Rules----in the Particular Context of Hunan
Authors: LI Yiai, Central University of Finance and Economics, China
DAI Linye, Central University of Finance and Economics, China
SHI Lei, Central University of Finance and Economics, China
QIANG Yating, Central University of Finance and Economics, China
ZOU Qihui, Central University of Finance and Economics, China

4: The Comparison of the Variable Annuity Supervision System Between China and Japan and Corresponding Policy Recommendations
Authors: LI Yiai, Central University of Finance and Economics, China
XING Yiwei, Central University of Finance and Economics, China
YANG Yang, Central University of Finance and Economics, China

5: Stock Investment Strategy of Insurance Funds in a Win-win Pattern--Based on The Datas from Ping An Insurance Company of China
Authors: XING Yiwei, Central University of Finance and Economics, China
LI Yiai, Central University of Finance and Economics, China
CAI Wenxi, Central University of Finance and Economics, China

6: Deposit Insurance Moral Hazard Macro finance Study Frame:Literature Review and Case Study from China
Authors: YIN Qiyue, Associate Professor, Yunnan University of Economics and Finances, China

7: The Analysis of Government’s Role in Reverse Mortgage Market
Authors: ZHAN Junfeng, Zhejiang University of Finance & Economics, China
ZHOU Haizhen, Associate Professor, Zhejiang University of Finance & Economics, China

8: Exit Mechanism of Insurance Funds Involved in the Affordable Housing Construction
Authors: ZHANG Daijun, Professor, Zhejiang University of Finance and Economics, China
He Huiling, Zhejiang University of Finance and Economics, China

9: Research for Optimal Investment Structure of Insurance Funds Participate in Affordable Housing Based on REITs Model
Authors: ZHANG Daijun, Professor, Zhejiang University of Economics and Finance, China
BAO Weiwei, Zhejiang University of Economics and Finance, China

10: Insurance and Guarantee Integrated Financing Model——SMEs Financing Innovation Exploration
Authors: ZHANG Daijun, Professor, Zhejiang University of Economics and Finance, China
HOU Mengna, Zhejiang University of Economics and Finance, China

11: Analysis of Security Housing Based on the Principles of Economics
Authors: ZHANG Daijun, Professor, Zhejiang University of Economics and Finance, China
WU Yan, Zhejiang University of Economics and Finance, China

12: Optimization of insurance capital utilization under the new insurance law, based on multivariate t-Copula-CDaR model
Authors: Han Xiaojing, Central University of Finance, China
Sun Jinghe, Central University of Finance, China

Risk Management
1: How does Enterprise Risk Management Increase Firm Value?
Authors: ZHANG Ying, Graduate School of Insurance Professional
LU Ningning, Graduate School of Insurance Professional

2: Analysis on Risk Management and Control for Insurance-based Financial Groups
Authors: DAI Shaowen, Central University of Finance and Economics, China
REN Yashan, Central University of Finance and Economics, China

3: Study on Operating Risk Early Warning Mechanism of life Insurance Company
Authors: SHEN Lei, School of Finance Zhejiang University of Finance& Economics, China

4: Research on Risk Control Measures of Insurance Companies in The Insurance-Money Involved Public Rental Project
Authors: ZHANG Daijun, Professor, Zhejiang University of Economics and Finance, China
ZOU Qunsi, Zhejiang University of Economics and Finance, China

5: Risk Transfer Mechanisms Exploration of Insurance Intervene SEMs Financing
Authors: ZHANG Daijun, Professor, Zhejiang University of Economics and Finance, China
HOU Mengna, Zhejiang University of Economics and Finance, China

6: The Wage Growth Effect on Job Creation: A Quantitative Analysis
Authors: Wu Qiang, Foreign Trade University, China
Ge Yuhao, Associate Professor, Renmin University of China, China

Pension and Social Security
1: Development of private enterprises annuity in Zhejiang
Authors: Shi Xiuhua, Zhejiang Institute of Finance, China

2: Development Patterns of Pension Insurance in Ethnic Minority Areas: An empirical research of Guizhou province
Authors: Bo Linjie, Guizhou University for Nationalities, China
Ren Yashan, Guizhou University for Nationalities, China
Huang Tingting, Guizhou University for Nationalities, China
3: Longevity risk, pension reform and personal optimal decision
Authors: Hu Shiqiang, Zhejiang Institute of Finance, China

4: The Demand and Design of LTC in Rural Areas
Authors: ZHOU Haizhen, Associate Professor, Zhejiang University of Finance & Economy,China
PAN Hui, Zhejiang University of Finance & Economy, China

5: Draw Lessons from Foreign Experience to Analyze and Solve the Problem of China's Pension Shortfall
Authors: LI Yang, Central University of Finance and Economics, China

6: The Liability Risk Pressure on Pension Institutions and Release Route Analysis in the Population Aging Context
Authors: LIU Xing, Renmin University of China, China
ZHANG Shaoying, Renmin University of China, China

7: Discussion of Establishing Automatic Adjustment Mechanisms for Old-Age Insurance
Authors: MI Haijie, Renmin University of China, China

8: Settlement payment mode selection of Yunnan social health insurance - example from provincial-level
Authors: QIAN Zhenwei, Professor, Yunnan University of finance and economics, China
ZHANG Yan, Yunnan University of finance and economics, China

9: The Research of Investment Portfolio in New Rural Social Pension Insurance’s Personal Account Fund
Authors: QIAN Zhenwei, Professor, Yunnan University of finance and economics, China
QI Lei, Yunnan University of finance and economics, China

Property and Liability Insurance,Others
1: The Analysis of Affect on Export Credit Insurance to Export Structure and Its Cycle- Based on HP Filtering and VAR Model
Authors: MIAO Hongshuai, School of Beijing Technology and Business University

2: Research on China's travel Liability Insurance
Xu Minmin, Beijing Technology and Business University, China

3: Research on China's Environmental Pollution Liability Insurance to Participate in Social Management Innovation
Authors: ZHANG Buhong, Central University of Finance and Economics, China

4: On the virtual property liability insurance
Authors: Gu Mingshu☆, Associate Professor, Liaoning University, China
Duan Xiaochen, Liaoning University, China

5: The study on benefits distribution and cooperative strategy in bancassurance
Authors: SHI Lei, Central University of Finance and Economics, China

6: Research on Green Insurance for Low-carbon economic
Authors: DONG Yinxia, Tangshan Nomal University, China

7: Country Risk and Foreign Ownership and Firm Productivity
Authors: LIU Qingbin, Associate Professor, University of International Business and Economics
LU Yi, The National University of Singapore
Travis Ng, The Chinese University of Hong Kong

8: The Empirical Analysis of Income Gap between Rural and Urban Areas and Financial Development in Shandong
Authors: YIN Chengyuan, Professor, Hebei University
MA Zijia, Hebei University