Conference date: July 27 -30, 2016
Conference Schedule:
Wednesday, July 27 th

15:00-19:00 Registration
(Lobby, the first floor of Grand New Century Hotel Xi’an)

18:00-19:30 Welcome Cocktail
(MULTIPLE FUNCTION HALL, the fourth floor of Grand New Century Hotel Xi’an)

Thursday, July 28th

08:00-09:00 Registration
(Outside of the NEW CENTURY HALL, the Second floor of Grand New Century Hotel Xi’an)

09:00-09:20 Welcome and Opening Ceremony
(NEW CENTURY HALL, the second floor of Grand New Century Hotel)
Xi’an
Moderator: CHEN Bingzheng, Professor, Tsinghua University, China
Leader’s Oration:

9:20-10:10 Plenary Session 1 (in English)
(NEW CENTURY HALL, the second floor of Grand New Century Hotel Xi’an )
Moderator: Michael R. Powers, Professor, Tsinghua University, China
9:20-10:10 Keynote Speech 1:
Topic: Risk Classification (Bans) and Insurance
Speaker: Andreas Richter, Professor, Ludwig-Maximilians-Universität München, Germany

10:10-10:40 Coffee/Tea Break
Outside of the NEW CENTURY HALL, the second floor of Grand New Century Hotel Xi’an

10:40-12:20 Plenary Session 2 (in Chinese)
(NEW CENTURY HALL, the second floor of Grand New Century Hotel Xi’an)
Moderator: CHEN Bingzheng, Professor, Tsinghua University, China
10:40-11:30 Keynote Speech 2:
Topic: Mission and Responsibility of China’s Insurance Industry
Speaker: YAO Qinghai, President, Insurance Society of China, China
11:30-12:20 Keynote Speech 3:
Topic: Some Remarks on Revolutions of Insurance Market Supply
Speaker: ZHANG Chenghui, Deputy Director General of Financial Research Institute Development Research Center of the State Council of P.R.C., China

12:20-14:00 Buffet Lunch
MULTIPLE FUNCTION HALL, the fourth floor of Grand New Century Hotel Xi’an

14:00-16:00 Plenary Session3 (in English)
(NEW CENTURY HALL, the second floor of Grand New Century Hotel Xi’an )
Moderator: AI Jing, Associate Professor, University of Hawaii, USA
14:00-14:30 Environmental Liability Risk and Insurance: A Comparative Review
Christopher PARSONS, Professor, Sir John Cass Business School, City of London, UK
14:30-15:00 To Borrow or Insure? Long Term Care Costs and the Impact of Housing
Michael SHERRIS, UNSW Australia, Australia
15:00-15:30 An Examination of Herding Behavior in Insurer Underwriting
REN Yayuan, Associate Professor, Illinois State University, USA
15:30-16:00 Information Risk and the Cost of Equity Capital Revisited: Evidence from the US Property-Liability Insurance Industry
CHEN Hua, Associate Professor, Temple University, USA

16:00-16:20 Coffee/Tea Break,
Outside of the NEW CENTURY HALL, the second floor of Grand New Century Hotel Xi’an

16:20-18:20 Plenary Session 4 (in Chinese)
(NEW CENTURY HALL, the second floor of Grand New Century Hotel Xi’an)
Moderator: WANG Junsheng, Professor, Xi’an University of Finance and Economics, China
16:20-16:50
GUO Jinlong, Professor, Department of Monetary Theory and Policy of Institute of Finance & Banking, Chinese Academy of Social Sciences
16:50-17:20 The Economic Effects of Longevity Risk
ZHANG Lihong, Professor, Tsinghua University, China

17:20-17:50 Behavioral Insurance and the Chinese Insurance Market
GUO Zhenhua, Associate Professor, Shanghai University of International Business and Economics, China
17:50-18:20 Theoretical Research Progress of Pension Investmen and Risk Management .
ZENG Yan, Associate Professor, Sun Yat-sen University, China

18:20-20:30 Welcome Dinner
MULTIPLE FUNCTION HALL, the fourth floor of Grand New Century Hotel Xi’an

Friday, July 29th

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

Parallel Oral Session I-A: Pension and Social Security (I) (in English)
(NEW CENTURY HALL, the second floor of Grand New Century Hotel Xi’an)
Moderator: REN Yayuan, Associate Professor, Illinois State University, USA
08:30-09:00 Standardizing the Giant: Mitigating Longevity Risk in China Through Capital Markets Solutions
Authors: LI S.-H. Johnny, Associate Professor, University of Waterloo, Canada
ZHOU Kenneth Q., Ph.D. Candidate,University of Waterloo, Canada
CHAN Wai Sum☆, Professor, the Chinese University of Hong Kong, China
Discussant: Katja Hanewald, Senior Research Fellow, University of New South Wales, Australia
09:00-09:30 Trends in Retirement Incomes of Older Chinese
Authors: Katja Hanewald☆, Senior Research Fellow, University of New South Wales, Australia
Discussant: Peter Vekas, Lecturer & Researcher, Corvinus University of Budapest, Hungary
09:30-10:00 Analyzing the Role of Longevity Risk in the Premium Calculation of Life Annuities By Means of the Generalized Age-Period-Cohort Model
Authors: Peter Vekas☆, Lecturer & Researcher, Corvinus University of Budapest, Hungary
Discussant: XU Yajing, University of New South Wales, Australia
10:00-10:30 Market Price of Longevity Risk for A Multi-Cohort Mortality Model
Authors: XU Yajing☆, Ph.D. Candidate, University of New South Wales, Australia
SHERRIS Michael, Professor, University of New South Wales, Australia
ZIVEYI Jonathan, Senior Lecturer, University of New South Wales, Australia
Discussant: CHAN Wai Sum, Professor, the Chinese University of Hong Kong, China

Parallel Oral Session I-B: Risk Management (I) (in English)
(MEETING ROOM 2, the fourth floor of Grand New Century Hotel Xi’an)
Moderator: Rui ZHOU, Assistant Professor, University of Manitoba, Canada
08:30-09:00 Sinkholes and Residential Property Prices: Presence, Proximity, and Density
Authors: Randy E. Dumm☆, Professor, Florida State University, USA
G. Stacy Sirmans, Professor, Florida State University, USA
Greg T. Smersh, Assistant Professor, University of South Florida, USA
Discussant: Fen-Ying Chen, Associate Professor, Taiwan Chengchi University, China
09:00-09:30 Valuation of the Non-Negative-Equity Guarantee Considering Contagious Effects of House Prices and Interest Rate Risk in HJM Model
Authors: Fen-Ying Chen☆, Associate Professor, Taiwan Chengchi University, China
Hong-Chih Huang, Professor, Taiwan Chengchi University, China
Sharon S. Yang, Professor, Taiwan Central University, China
Discussant:TSOLMON Sodnomdavaa, Mandakh Burtgel Institute, Mongolia
09:30-10:00 Corporate Bankruptcy Prediction Model for Mongolian Companies
Authors: TSOLMON Sodnomdavaa☆,Mandakh Burtgel Institute, Mongolia
ENKHBAYAR Choijil, Professor, National University of Mongolia, Mongolia
MOLOMJAMTS Dorjkhand, Professor, National University of Mongolia, Mongolia
Discussant: Praveen Gupta, Managing Director & CEO, Raheja QBE General Insurance Co. Ltd., India
10:00-10:30 Premium Deficiency Reserve: Making Insurance Markets of Steadily Growing Economies with Long Trajectories Sustainable.
Authors: Praveen Gupta☆, Managing Director & CEO, Raheja QBE General Insurance Co. Ltd., India
Discussant: Randy E. Dumm, Professor, Florida State University, USA

Parallel Oral Session I-C: Development and Regulation of Insurance Market（I） (in Chinese)
(MEETING ROOM 7, the fourth floor of Grand New Century Hotel Xi’an)
Moderator: TAO Zhengru, Associate Professor, China Earthquake Administration, China
08:30-09:00 Analysis on the Current Situation of Agricultural Catastrophe Risk in China
Authors: DENG Guoqu☆, Professor, Henan University of Science and Technology, China
SHANG Biyu, Graduate student, Henan University of Science and Technology, China
ZHU Xuangong, Professor, Henan University of Science and Technology, China
Discussant: LIU Shiqi, Assistant Professor, Fujian Jiangxia University, China
09:00-09:30 Can Insurance Industry In Guangdong Provice Promote The Local Economic Development? -Based on the Empirical Study of Two-Departments Model
Authors: LIU Shiqi☆, Assistant Professor, Fujian Jiangxia University, China
HUANG Maohai, Associate Professor, Fujian Jiangxia University, China
Discussant:KOU Yefu, Associate Professor, Central University of Finance and Economics, China
09:30-10:00 The Term Analysis of Chinese Life Insurance Companies to Achieve the First Profit
Authors: KOU Yefu☆, Associate Professor, Central University of Finance and Economics, China
JIANG Xiao, Master's degree Candidate, Central University of Finance and Economics, China
Discussant: YAN Weizhong, Professor, Xi 'an University of Finance and Economics, China
10:00-10:30 Based on Factor Analysis of Shaanxi Insurance Industry Core Competitiveness Evaluation Research
Authors:YAN Weizhong☆, Professor, Xi 'an University of Finance and Economics, China
ZHANG Zidi, Postgraduate, Xi 'an University of Finance and Economics, China
Discussant: DENG Guoqu, Professor, Henan University of Science and Technology, China

Parallel Oral Session I-D: Property and Liability Insurance (I) (in Chinese)
(MEETING ROOM 8, the fourth floor of Grand New Century Hotel Xi’an)
Moderator: WANG Xujin, Professor, Beijing Technology and Business University, China
08:30-09:00 Income Insurance: the Important Approach to Complete the Pricing Reform of Crops.
Authors: TUO Guozhu☆, Professor, Capital University of Economics and Business, China
ZHU Junsheng, Professor, Capital University of Economics and Business, China
Discussant: KAO Tong-liang, Associate Professor, Tamkang University, China
09:00-09:30 Using DEA to Measure Retention Efficiency of Cross-Strait Non-Life Insurance Companies
Authors: CHANG Ya-yin, Tamkang University, China
KAO Tong-liang☆, Associate Professor, Tamkang University, China
CHEN Ying-erh, Assistant Professor, Tamkang University, China
Discussant: PAN Guochen, Associate Professor, Wuhan University, China
09:30-10:00 The Impacts of Mileage on Automobile Insurance Pricing
Authors: PAN Guochen☆, Associate Professor, Wuhan University, China
LI Ran, Associate of the Society of Actuaries, Actuarial Department, China Post Insurance Company Limited, China
Discussant: YIN Chengyuan, Professor, HeBei University, China
10:00-10:30 Problems and Countermeasures of China’s Liability Insurance against Property Preservation in Litigations
Authors: YIN Chengyuan☆, Professor, HeBei University, China
FENG Yue, MF. Candidate, University of HeBei, China
Discussant:TUO Guozhu, Professor, Capital University of Economics and Business, China

Parallel Oral Session I-E: Actuarial Science (I) (in Chinese)
(MEETING ROOM 9, the fourth floor of Grand New Century Hotel Xi’an)
Moderator:YAN Yunxian, Professor, Jilin Agricultural University, China
08:30-09:00 Transformation of High-Tech SMEs Loan Guarantee Premium Rate Setting
Authors:ZHANG Daijun☆, Professor, Zhejiang University of Finance and Economics, China
CHANG Na, Master's degree Candidate, Zhejiang University of Finance and Economics, China
Discussant:ZHOU Jing, Xi’an University of Finance and Economics, China
09:00-09:30 The Actuarial Analysis of Systemic Risk in the Insurance
Authors:ZHOU Jing☆, Xi’an University of Finance and Economics, China
Discussant: ZHANG Daijun, Professor, Zhejiang University of Finance and Economics, China
09:30-10:00 The Research on the Pricing of the Loss of Financing Projects of the Key High Tech Enterprises in hina
Authors: ZHANG Daijun☆, Professor, Zhejiang University of Finance and Economics, China
XU Chenfei, Undergraduate, Zhejiang University of Finance and Economics, China
Discussant:WU Xiaokun, Assistant Professor, North China Electric Power University, China
10:00-10:30 The Parameter Estimation of Lee-Carter Model with Missing Data
Authors: WU Xiaokun☆, Assistant Professor, North China Electric Power University, China
Discussant:ZHANG Daijun, Professor, Zhejiang University of Finance and Economics, China

Parallel Oral Session I-F: Pension and Social Security (II) (in Chinese)
(MEETING ROOM 5, the fourth floor of Grand New Century Hotel Xi’an)
Moderator: HAN Jinmian, Associate Professor, Northwest University, China
08:30-09:00 The Study of the Payment Recursive Model and Adverse Selection Risk of Pooled Annuity Fund
Authors: ZHANG Lin☆, Professor, Hunan University, China
YANG Qijun, Master's degree Candidate, Hunan University, China
Discussant:YANG Jianhai, Associate Professor, Beijing Technology and Business University, China
09:00-09:30 Old-age Service Senior: Policy Paths to Research of Old-age Finance Support the Development of Senior Services Industry
Authors: YANG Jianhai☆, Associate Professor, Beijing Technology and Business University, China
YANG Liqiao, Undergraduates, Beijing Technology and Business University, China
Discussant:LIU Zining, Ph.D. Candidate, Peking University, China
09:30-10:00 Are People Economically Prepared for Retirement? The Chinese Case
Authors: ZHENG Wei, Chair and Professor, Peking University, China
LIU Zining☆, Ph.D. Candidate, Peking University, China
JIA Ruo, Ph.D. in Finance, University of St.Gallen, Switzerland
Discussant: FU Zheng, Teaching Assistant, Hebei Finance University, China
10:00-10:30 The designing of the commercial endowment insurance system (tax deferred) in Hebei Province
Authors:FU Zheng☆,Teaching assistant, Hebei Finance University, China
WANG Xianglan, Professor, Hebei Finance University, China
Discussant:ZHANG Lin, Professor, Hunan University, China

Parallel Oral Session I-G: Pension and Social Security (III) (in Chinese)
(MEETING ROOM 4-C, the fourth floor of Grand New Century Hotel Xi’an)
Moderator: KONG Yuehong, Associate Professor, Hubei University of Economics, China
08:30-09:00 Does the Expansion of Social Health Insurance in China Promote the Development of Private Health Insurance？
Authors: PENG Haoran, Associate Professor, Sun Yat-Sen University, China
ZHENG Qianyun☆, Ph.D. Candidate, Sun Yat-Sen University, China
Discussant: PAN Wenqing, Master's degree Candidate, Southeast University, China
09:00-09:30 How does Government’s Willingness to Fund Influence the Level of Health Prepayment: Evidence from OECD Countries
Authors: ZHANG Ying, Assistant Professor, Southeast University, China
VANNESTE Jacques, Professor, University of Antwerp, Belgium
PAN Wenqing☆, Master's degree Candidate, Southeast University, China
WANG Rui, Ph.D. Candidate, Peking University, China
Discussant:LU Jing,Ph.D. Candidate, Central University of Finance and Economics, China
09:30-10:00 The Risk hedging of Variable Annuity under the CPPI strategy
Authors: LU Jing☆,Ph.D. Candidate, Central University of Finance and Economics, China
LI Siying, Pricing Actuary, PICC Life Insurance Company, China
Discussant: WANG Yan, Central University of Finance And Economics, China
10:00-10:30 A Research on Serious Illness Medical Insurance Spending and the Long-Term Equilibrium of Medical Insurance Fund as a Case Study of Beijing
Authors:WANG Yan☆, Central University of Finance And Economics, China
Discussant:ZHENG Qianyun, Ph.D. Candidate, Sun Yat-Sen University, China

Parallel Oral Session I-H: Actuarial Science (II) (in Chinese)
(MEETING ROOM 4-B, the fourth floor of Grand New Century Hotel Xi’an)
Moderator: YANG Fu, Associate Professor, Xi’an University of Finance and Economics, China
08:30-09:00 Design of Cross-regional Typhoon Catastrophe Insurance Fund
Authors: ZHOU Yan☆, Professor , East China Normal University, China
TU Haiping, Postgraduate Student, East China Normal University, China
Discussant: WANG Yeqin, Master's degree Candidate, Tongji University, China
09:00-09:30 Design of the Multi-risk Catastrophe Bond and its Pricing Based on Meteorological Disasters in China
Authors: WANG Yeqin☆, Master's degree Candidate, Tongji University, China
WANG Haiyan, Associate Professor, Tongji University, China
WANG Jiayi, Master's degree Candidate, Tongji University, China
Discussant: CHEN Cuixia, Ph.D. Candidate, Central University of Finance and Economics, China
09:30-10:00 Lee-Carter Mortality Forecasting: Application to the Chinese Population
Authors: CHEN Cuixia☆, Ph.D. Candidate, Central University of Finance and Economics, China
ZHOU Ming, Professor, Central University of Finance and Economics, China
Discussant:HAO Jifei, Master's degree Candidate, Tongji University, China
10:00-10:30 Mortality Prediction and Longevity Bond Pricing Based on Population Data in China
Authors: HAO Jifei☆, Master Candidate, Tongji University, China
WANG Haiyan, Associate Professor, Tongji University, China
ZHENG Qi, Master's degree Candidate, Tongji University, China
Discussant:ZHOU Yan, Professor, East China Normal University, China

10:30-10:50 Coffee/Tea Break
Outside of the NEW CENTURY HALL, the second floor of Grand New Century Hotel Xi’an

10:50-12:30 Plenary Session 5
(NEW CENTURY HALL, the second floor of Grand New Century Hotel Xi’an)
Moderator: Michael R. Powers, Professor, Tsinghua University, China
10:50-11:40 Keynote Speech 4:（in English）
Topic:  Interdisciplinary and International Cooperation in the Management of Catastrophic Risks .
Speaker: Patricia H. Born, Professor, Florida State University, USA
Moderator: CHEN Bingzheng, Professor, Tsinghua University, China
11:40-12:05 Keynote Speech 5: (in Chinese)
Topic: Digital Reform of Life Insurance: Accurate Service Drives Supply Upgrade .
Speaker: LU Huiqi, General Manager, Department of Planning and Development of CPIC Life, China
12:05-12:30 Keynote Speech 6: (in Chinese)
Topic: China Partnerships and Tailored Services .
Speaker: Jessie LI, Lead China Representative, Society of Actuaries, USA

12:30-14:00 Buffet Lunch
MULTIPLE FUNCTION HALL, the fourth floor of Grand New Century Hotel Xi’an

14:00-16:00 Parallel Oral Sessions II-A, B, C, D, E,F, G, H

Parallel Oral Session II-A: Actuarial Science (III) (in English)
(MEETING ROOM 1, the fourth floor of Grand New Century Hotel Xi’an)
Moderator:CHAN Wai Sum, Professor, the Chinese University of Hong Kong, China
14:00-14:30 Predicting the Unpaid Claims Using a Bayesian Basis Expansion Model and Hamiltonian Monte Carlo Method
Authors:GAO Guangyuan☆, Assistant Professor, Renmin University of China, China
Discussant: XIE Wenjun, Nanyang Technological University, Singapore
14:30-15:00 Multi-Dimensional Copula Regression and Its Applications in Insurance and Finance
Authors: XIE Wenjun☆, Nanyang Technological University, Singapore
WU Yuan, Nanyang Technological University, Singapore
Discussant: GAO Guangyuan, Assistant Professor, Renmin University of China, China
15:30-16:00 Double Multipliers Constant Proportion Portfolio Investment Strategy for Funds with Specific Purpose
Authors: CHEN Zhe☆, Ph.D. Candidate, Tsinghua University, China
Discussant: GAO Guangyuan, Assistant Professor, Renmin University of China, China
Parallel Oral Session II-B: Life and Health Insurance (II) (in English)
(MEETING ROOM 2, the fourth floor of Grand New Century Hotel Xi’an)
Moderator: Katja Hanewald, Senior Research Fellow, University of New South Wales, Australia
14:00-14:30 The Effect of Risk Aversion and Loss Aversion on Equity-Linked Life Insurance with Surrender Guarantees
Authors: Christian Hilpert☆, Hamburg University, Germany
Discussant: Chunli CHENG, Hamburg University, Germany
14:30-15:00 Linking Surrender Risk to Mortality Risk: Does the Systemic Health Shock Matter?
Authors: Chunli CHENG☆, Hamburg University, Germany
Discussant: Rui ZHOU, Assistant Professor, University of Manitoba, Canada
15:00-15:30 On The Long-Term Equilibrium of Mortality Rates among Multiple Populations
Authors:Rui ZHOU☆, Assistant Professor, University of Manitoba, Canada
Guangyu XING, Graduate student, University of Manitoba, Canada
Discussant: SU Anni, Master's degree Candidate, University of Connecticut, USA
15:30-16:00 Expansion of Social Health Insurance and Private Health Insurance in China: Reexamination of Crowd- Out Effect Based on a Multiple Mediation Analysis
Authors:ZHANG Ying, Assistant Professor, Southeast University, China
SU Anni☆, Master's degree Candidate, University of Connecticut, USA
YIN Menghua, Master's degree Candidate, Southeast University, China
Discussant: Christian Hilpert, Hamburg University, Germany

Parallel Oral Session II-C: Development and Regulation of Insurance Market（II） (in Chinese)
(MEETING ROOM 7, the fourth floor of Grand New Century Hotel Xi’an)
Moderator: DENG Guoqu, Professor, Henan University of Science and Technology, China
14:00-14:30 Seismic Risk in China and a Solution from CAT Bonds
Authors: TAO Zhengru☆, Associate Professor, China Earthquake Administration, China
TAO Xiaxin, Professor, Harbin Institute of Technology, China
Discussant: ZUO Fei, Lecturer, Northwest University, China
14:30-15:00 Can Insurance Work on the Lessening of Credit RationingTowards Farmers? Evidence from Survey of 822 Chinese Peasant Households
Authors:ZUO Fei☆, Lecturer, Northwest University, China
XU Zhangyong, Professor, Northwest University, China
LUO Tianyuan, Lecturer, Northwest A&F University, China
Discussant: ZHANG Daijun, Professor, Zhejiang University of Finance and Economics, China
15:00-15:30 Discussion on Private Funds to Participate in the Transformation of Scientific and Technological Achievements Financing Insurance Services
Authors: ZHANG Daijun☆, Professor, Zhejiang University of Finance and Economics, China
BAO Beilu, Master's degree Candidate, Zhejiang University of Finance and Economics, China
Discussant: WANG Pengpeng, Xiamen University, China
15:30-16:00 The Economic Analysis of Moral Hazard of Policyholders and Related Insurance Law .
Authors: WANG Pengpeng☆,Xiamen University, China
Discussant: TAO Zhengru, Associate Professor, China Earthquake Administration, China

Parallel Oral Session II-D: Insurance Economics (I) (in Chinese)
(MEETING ROOM 8, the fourth floor of Grand New Century Hotel Xi’an)
Moderator: YAN Weizhong, Professor, Xi 'an University of Finance and Economics, China
14:00-14:30 The Mechanism of Social Security to China’s Current Account Imbalance: the Mediation Effect on Household Consumption and Labor Cost
Authors: LI Qingxia☆, Assistant Professor, Xiamen University, China
HAN Yijia, Industrial Securities, China
Discussant: SHI Xiaoyu, Undergraduate, Central University of Finance and Economics, China
14:30-15:00 Discussion on the Improvement of Enterprise Annuity’s Tax Policy under EET Tax System Take Beijing as an Example
Authors: SHI Xiaoyu☆, Undergraduate, Central University of Finance and Economics, China
Discussant:JIANG Yu, Nanjing University, China
15:00-15:30 the Relationship between Income and Insurance Consumption in China: a Regional Study
Authors: JIANG Yu☆, Nanjing University, China
CHENG Yuan, Nanjing University, China
Discussant: YANG Baohua, Associate Professor, Shanghai Normal University, China
15:30-16:00 Does Stock Options Impact the Value Enhancement Effect of Corporate Insurance?An Empirical Study on Listed Manufacturing Firms in China
Authors: YANG Baohua☆, Associate Professor, Shanghai Normal University, China
HUANG Hong, Professor, Shanghai Normal University, China
Discussant: LI Qingxia, Assistant Professor, Xiamen University, China

Parallel Oral Session II-E: Risk Management (II) (in Chinese)
(MEETING ROOM 9, the fourth floor of Grand New Century Hotel Xi’an)
Moderator: ZHOU Yan, Professor, East China Normal University, China
14:00-14:30 Credit Risk Management in the Age of Big Data: A Theoretical Framework on the Text Information
Authors: CHEN Yiyun☆, Assistant Professor, South China University of Technology, China
Discussant:MENG Yinan, Master's degree Candidate, Tongji University, China
14:30-15:00 Study about the Reason for the Absence of Chinese Risk Compensation Mechanism for Earthquake and its Improvement
Authors:MENG Yinan☆, Master's degree Candidate, Tongji University, China
WANG Haiyan, Associate Professor, Tongji University, China
CUI Shuo, Master's degree Candidate, Tongji University, China
Discussant: FENG Yuchen, Central University of Finance and Economics, China
15:00-15:30 Risk Analysis and Countermeasure Research on Public Transport Passengers-Based on the Perspective of Insurance
Authors: FENG Yuchen☆, Central University of Finance and Economics, China
Discussant: LIU Xie, Master's degree Candidate, Beijing Technology and Business University, China
15:30-16:00 Research on the Risk of Housing Reverse Mortgage Loan Retirement Pattern
Authors: LIU Xie☆, Master's degree Candidate, Beijing Technology and Business University, China
ZHU Yu, Beijing Technology and Business University, China
Discussant:CHEN Yiyun, Assistant Professor, South China University of Technology, China

Parallel Oral Session II-F: Development and Regulation of Insurance Market (III) (in Chinese)
(MEETING ROOM 5, the fourth floor of Grand New Century Hotel Xi’an)
Moderator: ZHOU Jiantao, Associate Professor, Beihang University, China
14:00-14:30 Using a Parallelogram Framework to Calculate the Pension Liabilities of Social Pooling Accounts Held by Urban Chinese Employees
Authors:SHI Chenxi☆, Ph.D. Candidate, Central University of Finance and Economics, China
YANG Zaigui, Associate Professor, Central University of Finance and Economics, China
Discussant:LIU Ke, Master's degree Candidate, Tongji University, China
14:30-15:00 Pricing Research on Reverse Mortgages in China
Authors: WANG Haiyan,Associate Professor,Tongji University, China
LIU Ke☆, Master's degree Candidate,Tongji University, China
XIANG Yuanyuan, Master's degree Candidate, Tongji University
Discussant: LIU Xinlong, Master degree Candidate, Zhejiang University of Finance & Economics, China
15:00-15:30 The Mode Analysis of S&T Achievements Transformation Insurance Leading Fund
Authors: ZHANG Daijun, Professor, Zhejiang University of Finance & Economics, China
LIU Xinlong☆, Master's degree Candidate, Zhejiang University of Finance & Economics, China
Discussant:YANG Xinyue, Undergraduate, Central University of Finance and Economics, China
15:30-16:00 An Exploration of Asset and Liability Management Model of Chinese Insurance Companies under the New Normal
Authors:YANG Xinyue☆, Undergraduate, Central University of Finance and Economics, China
Discussant:SHI Chenxi, Ph.D. Candidate, Central University of Finance and Economics, China

Parallel Oral Session II-G: Development and Regulation of Insurance Market (IV) (in Chinese)
(MEETING ROOM 4-C, the fourth floor of Grand New Century Hotel Xi’an)
Moderator: WU Hong, Associate Professor, Shenzhen University, China
14:00-14:30 Social Capital, Informal Insurance and Risk Sharing of Rural Households: an Example of the Undeveloped Poverty Stricken Areas in China 
Authors: HAN Jinmian, Associate Professor, Northwest University, China
ZHAO Ling☆, Master's degree Candidate, Northwest University, China
Discussant:GAO Yan, Ph.D. Candidate, Central University of Finance and Economics, China
14:30-15:00 An Empirical Analysis on Adjustment of Contribution and Perfection of Individual Account of China’s Enterprise Employee Public Pension——A OLG Model Combined With Public Capital Income and Payroll Tax
Authors: GAO Yan☆, Ph.D. Candidate, Central University of Finance and Economics, China
YANG Zaigui, Professor, Central University of Finance and Economics, China
Discussant: XU Bin, Ph.D. Candidate, Southwest University of Finance and Economic, China
15:00-15:30 The Origins of Insurance of Agricultural Future Prices and its Inspiration to China: An Analysis Based on Agricultural Future and Income Insurance.
Authors: SUN Rong, Professor, Southwest University of Finance and Economic, China
XU Bin☆, Ph.D. Candidate, Southwest University of Finance and Economic, China
Discussant: ZHANG Ciyuan, Postgraduate, Central University of Finance and Economics, China
15:30-16:00 The Influence of Ownership Structure of the Greater China Listed Insurance Companies on Corporate Performance
Authors: SUN Yuejun, Postgraduate, Central University of Finance and Economics, China
ZHANG Ciyuan☆, Postgraduate, Central University of Finance and Economics, China
Discussant: ZHAO Ling, Master's degree Candidate, Northwest University, China

Parallel Oral Session II-H: Insurance Economics(I) (in Chinese)
(MEETING ROOM 4-B, the fourth floor of Grand New Century Hotel Xi’an)
Moderator: ZHANG Fangjie, Associate Professor, Shandong University, China
14:00-14:30 Scale Estimation and Money Raising for Catastrophe Fund in China
Authors: ZHU Zhangting☆, Master's degree Candidate, Tongji University, China
WANG Haiyan, Associate Professor, Tongji University, China
CUI Shuo, Master's degree Candidate, Tongji University, China
Discussant:ZHANG Ji, Graduate student, Zhejiang University of finance and economics, China
14:30-15:00 Corporate Property Insurance and Corporate Value: Evidence from Chinese Listed Companies in Automobile Manufactory Industry
Authors: ZHOU Haizhen, Associate Professor, Zhejiang University of Finance and Economics, China
ZHANG Ji☆, Graduate student, Zhejiang University of finance and economics, China
Discussant: ZHANG Shan, Master's degree Candidate, Northwest University, China
15:00-15:30 Theoretical and Empirical Analysis of Farmers' Behavior in Participating in Agricultural Insurance in the Undeveloped Poverty Stricken Areas in China
Authors: HAN Jinmian, Associate Professor, Northwest University, China
ZHANG Shan☆, Master's degree Candidate, Northwest University, China
Discussant:MEI Hanhan, Postgraduate, Zhejiang University of Finance & Economics, China
15:30-16:00 A research on influencing factors and performances of Fishery Mutual Insurance in Zhejiang Province
Authors: YE Xiaoling , Associate Professor, Zhejiang University of Finance & Economics, China
MEI Hanhan☆, Postgraduate, Zhejiang University of Finance & Economics, China
Discussant: ZHU Zhangting, Master's degree Candidate, Tongji University, China

16:00-16:20 Coffee/Tea Break
Outside of the Meeting Rooms, the fourth floor of Grand New Century Hotel Xi’an

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

Parallel Oral Session III-A: Development and Regulation of Insurance Market (V) (in English)
(MEETING ROOM 1, the fourth floor of Grand New Century Hotel Xi’an)
Moderator:Randy E. Dumm, Professor, Florida State University, USA
16:20-16:50 Modernizing the Insurance Solvency Regulation in Emerging Market: A Comparison of C-ROSS to Solvency II
Authors: SHI Xin☆, City University London, UK
Discussant: JU Rui, Temple University, USA
16:50-17:20 An Analysis of Contingent Commission Use and Its Impact on Underwriting Performance in Property -Liability Insurance Industry
Authors: JU Rui☆, Temple University, USA
Discussant: MAJID Taghiloo, Deputy - Vice President, Bimeh Markazi, Iran
17:20-17:50 A Survey on Early Warning System (EWS) for Insurance Supervisory Risk Assessment
Authors: MAJID Taghiloo☆, Deputy - Vice President, Bimeh Markazi, Iran
Discussant: YANG Shuang, Temple University, USA
17:50-18:20 Insurers’ Underwriting Risk and Investment Risk -- Evidence From U.S. Property and Casualty Insurance Industry
Authors: YANG Shuang☆, Temple University, USA
Discussant: SHI Xin, City University London, UK

Parallel Oral Session III-B: Development and Regulation of Insurance Market（VI） (in Chinese)
(MEETING ROOM 2, the fourth floor of Grand New Century Hotel Xi’an)
Moderator:TUO Guozhu, Professor, Capital University of Economics and Business, China
16:20-16:50 The Development of Foreign Agricultural Index Insurance and Its Enlightenment to China
Authors: YAN Yunxian☆, Professor, Jilin Agricultural University, China
Wang Yiping, Lecturer, Jilin Agricultural University, China
Discussant: YANG Fu, Associate Professor, Xi’an University of Finance and Economics, China
16:50-17:20 Regional Differences of Agricultural Insurance to Farmers' Income in the Perspective of Supply-side Reform
Authors: YANG Fu☆, Associate Professor, Xi’an University of Finance and Economics, China
SHI Suying, Postgraduate, Xi’an University of Finance and Economics
Discussant: ZHANG Fangjie, Associate Professor, Shandong University, China
17:20-17:50 The analysis of property insurance company's profitability and its impact factor
Authors: ZHANG Fangjie☆, Associate Professor, Shandong University, China
HAN Lin, Postgraduate Student, Shandong University, China
ZHANG Jichao, Shandong University, China
17:50-18:20 Asset and Liability Management for Life Insurers under C-ROSS: The Optimization of its Path .
Authors: WANG Lingzhi☆, China Pacific Insurance (Group) Co., Ltd., Shanghai University of Engineering Science
Discussant: YAN Yunxian, Professor, Jilin Agricultural University, China

Parallel Oral Session III-C: Development and Regulation of Insurance Market（VII） (in Chinese)
(MEETING ROOM 7, the fourth floor of Grand New Century Hotel Xi’an)
Moderator: ZHANG Lin, Professor, Hunan University, China
16:20-16:50 Research on Integrating Services into Insurance
Authors: WANG Xujin☆, Professor, Beijing Technology and Business University, China
WANG Haofan, Product developer, Acturial & Product development Department, PICC Property and Casualty Company Limited, China
Discussant: WU Hong, Associate Professor, Shenzhen University, China
16:50-17:20 Industrialization and Nonlife Insurance Demand：a Cross-country Analysis
Authors: WU Hong☆, Associate Professor, Shenzhen University, China
ZHAO Guiqin, Associate Professor, Shanghai University of Finance and Economics, China
Discussant: LUO Dongfang☆, Postgraduate, Central University of Finance and Economics,China
17:20-17:50 The Empirical Study on the Relationship between Advertising Expense and Insurance Premium Income----Take 25 Insurance Companies of China From 2010 to 2015 as the Example
Authors: LUO Dongfang, Postgraduate, Central University of Finance and Economics,China
ZHU Yurong, Postgraduate, Central University of Finance and Economics,China
Discussant: SUN Yajie, Master's degree Candidate, University of International Business and Economics, China
17:50-18:20 A Reasonable or Excessive Debt? The Impact of Household Debt on Consumption in China .
Authors: ZHANG Ji, Associate Professor, University of International Business and Economics, China
SUN Yajie☆, Master's degree Candidate, University of International Business and Economics, China
ZHU Wei, Associate Professor, University of International Business and Economics, China
Discussant: WANG Xujin, Professor, Beijing Technology and Business University, China

Parallel Oral Session III-D: Risk Management (III) (in Chinese)
(MEETING ROOM 8, the fourth floor of Grand New Century Hotel Xi’an)
Moderator: YIN Chengyuan, Professor, HeBei University, China
16:20-16:50 Special Major Accident Risk Assessment and Liability Insurance Based On Bayesian Network Model
Authors: WANG Shubin☆, Lecturer, Jiangsu University, China
Discussant: ZHOU Jiantao, Associate Professor, Beihang University, China
16:50-17:20 Measurement of the Severity of Opportunistic Fraud in Auto Bodily Injury Compulsory Liability Insurance: Evidence from China
Authors:ZHOU Jiantao☆, Associate Professor, Beihang University, China
AI Jing, Associate Professor, University of Hawaii, USA
WANG Shanshan, Assistant Professor, Beihang University, China
WANG Tianyang, Assistant Professor, Colorado State University, USA
Discussant: KONG Yuehong, Associate Professor, Hubei University of Economics, China
17:20-17:50 A Study on Development Strategies of Professional Internet Insurance Company: Comparative Analysis on Key financial indicators of Online & Offline Insurance Companies
Authors: KONG Yuehong☆, Associate Professor, Hubei University of Economics, China
CHEN Shiya, Undergraduate, Hubei University of Economics, China
Discussant: SUN Shulei, Associate Professor, Nanjing University of Finance & Economics, China
17:50-18:20 Evaluating Solvency of Life Insurance Companies in DEA
Authors: SUN Shulei☆,Associate Professor, Nanjing University of Finance & Economics, China
MENG Xiuli, Professor, Nanjing University of Finance & Economics, China
WU Shiliang, Associate Professor, Nanjing University of Finance & Economics, China
Discussant: WANG Shubin, Lecturer, Jiangsu University, China

Parallel Oral Session III-E: Pension and Social Security（IV） (in Chinese)
(MEETING ROOM 9, the fourth floor of Grand New Century Hotel Xi’an)
Moderator:PAN Guochen, Associate Professor, Wuhan University, China
16:20-16:50 Research on the Development of China’s Commercial Endowment Insurance Based on the Background of Delayed Retirement.
Authors: CHEN Wei☆, Undergraduate, Central University of Finance and Economics, China
Discussant: CHEN Zhaojun, Central University of Finance and Economics, China
16:50-17:20 Models of Occupational Annuities in Government-Affiliated Institution with the Test Data from Beijing
Authors:CHEN Zhaojun☆ , Central University of Finance and Economics, China
Discussant: YAO Tangxinxin, Undergraduate, Central University of Finance and Economics, China
17:20-17:50 Optimal Retirement Age Estimation and Delay Retirement Policy Recommendations Based on both the Maximization of Individual Utility and the Balance of Pension
Authors: YAO Tangxinxin☆, Undergraduate, Central University of Finance and Economics, China
Discussant: DONG Xue, Undergraduate, Central University of Finance and Economics, China
17:50-18:20 Research on the Necessity of Establishing Multi Pillar Pension System -- Based on the Perspective of Pension Replacement Rate
Authors: DONG Xue☆, Undergraduate, Central University of Finance and Economics, China
Discussant: CHEN Wei, Undergraduate, Central University of Finance and Economics, China

Parallel Oral Session III-F: Pension and Social Security (V) (in Chinese)
(MEETING ROOM 5, the fourth floor of Grand New Century Hotel Xi’an)
Moderator:KOU Yefu, Associate Professor, Central University of Finance and Economics, China
16:20-16:50 The Research of VAT Reform’s Impact on Captive Insurance Company .
Authors: LI Yuxuan☆, Postgraduate, Beijing Technology and Business University, China
Discussant:LIANG Jiahao, Master's degree Candidate, Finance school of Zhejiang University of Finance and Economics, China
16:50-17:20 Feasibility of Promoting Pretty Loan Guarantee Insurance and Optimization of premium Pricing ----Evidence on Analysis of The Comparison of Guaranteed Loans and Guarantee Insurance
Authors:LIANG Jiahao☆, Master's degree Candidate, Finance school of Zhejiang University of Finance and Economics, China
YE Xiaoling, Associate Professor, Zhejiang University of Finance and Economics, China
Discussant: LU Yanting☆, Master’s degree Candidate, Beijing Technology and Bussiness University, China
17:20-17:50 Research on the Influence of Mandatory Third-party Liability Auto Insurance on the Property Insurance Companies’ Efficiency
Authors:LU Yanting☆, Master’s degree Candidate, Beijing Technology and Bussiness University, China
Discussant: ZHOU Xinting,, Graduate student, Zhejiang University of finance and economics, China
17:50-18:20 Study on the Minimum Capital Requirement of the Insurance Risks in the Non-life Insurance Industry under the System of Composition by the C-ROSS
Authors: ZHOU Haizhen, Associate Professor, Zhejiang University of Finance and Economics, China
ZHOU Xinting☆,Graduate student, Zhejiang University of finance and economics, China
Discussant: LI Yuxuan, Postgraduate, Beijing Technology and Business University, China

Parallel Oral Session III-G: Development and Regulation of Insurance Market (VIII) (in Chinese)
(MEETING ROOM 4-C, the fourth floor of Grand New Century Hotel Xi’an)
Moderator:YANG Baohua, Associate Professor, Shanghai Normal University, China
16:20-16:50 Research on the development strategy of Chinese insurance broker company-- Based on SWOT-AHP method
Authors: YUAN Jia☆,Graduate Student, Central University of Finance and Economics, China
JIANG Yinghong, Graduate Student, Central University of Finance and Economics, China
Discussant: JIANG Yinghong, Graduate Student, Central University of Finance and Economics, China
16:50-17:20 Corn Drought Index Insurance Purchase Intention Based on the Empirical Analysis of Liaoning Province
Authors:JIANG Yinghong☆, Graduate Student, Central University of Finance and Economics, China
Discussant: QU Ying, Undergraduate, Central University of Finance and Economics, China
17:20-17:50 Study on the Cohesion between Social Health Insurance and Commercial Health Insurance under the New Medical System Reform
Authors: QU Ying☆, Undergraduate, Central University of Finance and Economics, China
Discussant: YUAN Jia, Graduate Student, Central University of Finance and Economics, China

Saturday, July 30th

Industry Forum

“the Belt and Road Initiatives”: Country Risk and Insurance

08:30-10:10 Plenary Session 6 (in Chinese)
(NEW CENTURY HALL, the second floor of Grand New Century Hotel Xi’an)
Moderator:WANG Xujin, Professor, Beijing Technology and Business University, China
08:30-08:55Develop the Insurance Function and Service for Construction of the Belt and Road Initiatives .
Speaker: LIU Feng, Director General, Property Insurance Regulatory Department, China Insurance Regulatory Commission, China
08:55-09:20 An Insight into the Security Risk Management of the Belt and Road Initiatives after Mali Terrorist Attacks .
Speaker: ZHI Dongsheng, Director, State-owned Assets Supervision and Administration Commission of the State Council, China
09:20-09:45 The Risk and Insurance of the Belt and Road Initiatives .
Speaker: WANG Wen, Director General, Country Risk & Economics Research Department, China Export & Credit Insurance Corporation, China
09:45-10:10 .
Speaker: JI Yanwei, President, Shanxi Chamber of Commerce in Central Asia, China

10:10-10:30 Coffee/Tea Break
Outside of the NEW CENTURY HALL, the second floor of Grand New Century Hotel Xi’an

10:30-11:50 Plenary Session 7 (in Chinese )
(NEW CENTURY HALL, the second floor of Grand New Century Hotel Xi’an)
Moderator:TUO Guozhu, Professor, Capital University of Economics and Business, China
10:30-10:55 Opportunities of Insurance Product Innovation Presented by “the Belt and Road Initiatives” .
Speaker:YANG Huijing, Vice President, Product Development Department, PICC, China
10:55-11:20 OBOR -Outbound Investment Risk Management
Speaker: LI Ming, CEO, Marsh (China) Insurance Brokerage Company, China
11:20-11:50 Risk Management nd Special Insurance Arrangement or "Going Abroad" China Enterprises
Speaker: MAO Liang,Director of Financial Insurance, Zurich General Insurance Company (China) Limited, China

11:50-12:20 Panel Discussion
NEW CENTURY HALL, the second floor of Grand New Century Hotel Xi’an
Moderator: TUO Guozhu, Professor, Capital University of Economics and Business, China
Speakers:
ZHI Dongsheng, Director, State-owned Assets Supervision and Administration Commission of the State Council, China
WANG Wen, Director, Country Risk & Economics Research Department, China Export & Credit Insurance Corporation, China
ZHOU Guofang, Vice President, Corporate Reform and Management Department of China National Pretroleum Corporation, China
JI Yanwei, President, Shanxi Chamber of Commerce in Central Asia , China
YANG Huijing, Vice President, Product Development Department, PICC, China
LI Ming, CEO, Marsh (China) Insurance Brokerage Company, China
MAO Liang, Director of Financial Insurance, Zurich General Insurance Company (China) Limited, China

12:20-12:30 Closing
(NEW CENTURY HALL, the second floor of Grand New Century Hotel Xi’an)
Moderator: CHEN Bingzheng, Professor, Tsinghua University, China
12:30-14:00 Buffet Lunch
MULTIPLE FUNCTION HALL, the fourth floor of Grand New Century Hotel Xi’an