Conference date: July 19 -22, 2017
Conference Schedule:
Wednesday, July 19 th

15:00-19:00 Registration
(Lobby, the first floor of Grand Link Hotel)

18:00-19:30 Welcome Cocktail
(Royal Orchid café, the first floor of Grand Link Hotel)

Thursday, July 20th

08:00-09:00 Registration
(Outside of the Grand Ballroom, the second floor of Grand Link Hotel)

09:00-09:20 Welcome and Opening Ceremony
(Grand Ballroom, the second floor of Grand Link Hotel)

Moderator: CHEN Bingzheng, Professor, Tsinghua University, China
Opening Address on behalf of Organizers:
Michael R. POWERS, Professor, Tsinghua University
Opening Address on behalf of Co-organizer:
ZENG Fanrong, General Accountant, Guilin University of Technology, China
Welcome address:
FAN Xinhong, Vice Mayor of Guilin, Guangxi Zhuang Autonomous Region, China
TIAN Jinzhao, Vice Director, Guangxi Zhuang Autonomous Region Financial Office, China

9:20-10:10 Plenary Session 1 (in Chinese)
(Grand Ballroom, the second floor of Grand Link Hotel )
Moderator: CHEN Bingzheng, Professor, Tsinghua University, China
9:20-10:10 Keynote Speech 1:
Topic: Reform and Development of Health Insurance .
Speaker: ZHOU Yanli, Former Vice-Chairman of China Insurance Regulatory Commission (CIRC), China

10:10-10:40 Coffee/Tea Break
Outside of the Grand Ballroom, the second floor of Grand Link Hotel

10:40-12:20 Plenary Session 2 (in English & Chinese)
(Grand Ballroom, the second floor of Grand Link Hotel)
Moderator: Michael R. POWERS, Professor, Tsinghua University, China
10:40-11:30 Keynote Speech 2:
Topic: Global Aging and Challenges for the Financial Industry .
Speaker: Olivia S. MITCHELL, Professor, University of Pennsylvania, USA
11:30-12:20 Keynote Speech 3:
Topic: Financial Risk and Regulation in Transition Period .
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
Royal Orchid café, the first floor of Grand Link Hotel

14:00-16:00 Plenary Session 3 (in English)
(Grand Ballroom, the second floor of Grand Link Hotel)
Moderator: Imelda Y. POWERS, Ph.D., Global Chief Cat Modeler, Managing Director of Guy Carpenter.
14:00-14:30 Price Stability in Regression Tree Calibrations
Mario V. WÜTHRICH, professor, ETH Zurich, Switzerland
14:30-15:00 Fair Valuation of Insurance Liabilities: Merging Actuarial Judgement and Market-Consistency .
Jan DHAENE, professor, KU Leuven, Belgium
15:00-15:30 the Inter-Relatedness of the Financial Sector and Annuitization: a State-Aggregate Approach
Patricia BORN, professor, Florida State University, USA
15:30-16:00 Another Perspective on Hazard, Insurance, and Catastrophe Insurance System .
Gary WEI, Deputy General Manager of Swiss Re Beijing Branch, China

16:00-16:20 Coffee/Tea Break
Outside of the Grand Ballroom, the second floor of Grand Link Hotel

16:20-18:20 Plenary Session 4 (in Chinese)
(Grand Ballroom, the second floor of Grand Link Hotel)
Moderator: LIAN Yi, professor, Guilin University of Technology, China
14:00-14:30 Risk Segmentation, Loss Forecasting and Insurance Pricing .
MENG Shengwang, professor, Renmin University of China, China
14:30-15:00 InsurTech: Research Issues under the new Insurance Ecosystem .
XU Xian, Associate Professor, Fudan University, China
15:00-15:30 Institutional Foundation of the Transition of China's Life Insurance Industry .
ZHU Junsheng, professor, Development Research Center of the State Council, China
15:30-16:00 ‘Political, Industry, Academy, Research, Application’: Five-in-one Mode for Yunnan Think Tank of Catastrophe Prevention and Mitigation
QIAN Zhenwei, professor, Yunnan University of Finance and Economics, China

18:20-20:30 Welcome Dinner
Hexi Chinese Restaurant, the second floor of Grand Link Hotel

Friday, July 21st

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

Parallel Oral Session I-A: Actuarial Science (I) (in English)
(Grand Ballroom, the second floor of Grand Link Hotel)
Moderator: Olivia S. MITCHELL, Professor, University of Pennsylvania, USA
08:30-09:00 A Stein's Type Lemma for the Multivariate Generalized Hyperbolic Distribution: Expected Utility Maximizers Invest In Three Funds Not In Two
Authors: Steven VANDUFFEL, Professor, Vrije Universiteit Brussel, Belgium
Jing YAO☆, Assistant Professor, Vrije Universiteit Brussel, Belgium
Discussant: WANG Ruodu, Associate Professor, University of Waterloo, Canada
09:00-09:30 Scenario-Based Risk Evaluation and Compatibility of Scenarios
Authors: WANG Ruodu☆, Associate Professor, University of Waterloo, Canada
Discussant: Hamza HANBALI, Ph.D. Candidate, KU Leuven, Belgium
09:30-10:00 Systematic Risk in Long Term Life Insurance Business--the Need for Appropriate Indexing Mechanisms
Authors: Michel DENUIT, Professor, Université Catholique de Louvain, Belgium
Jan DHAENE, Professor, KU Leuven, Belgium
Hamza HANBALI☆, Ph.D. Candidate, KU Leuven, Belgium
Julien TRUFIN, Professor, Université Libre de Bruxelles, Belgium
Discussant: Jing YAO, Assistant Professor , Vrije Universiteit Brussel, Belgium
10:00-10:30 Valuation of Insurance Liabilities: Measure Conservativeness, Symmetry and Loss-Aversion
Authors: CHEN Ze☆, Ph.D. Candidate, Tsinghua University, China
CHEN Bingzheng, Professor, Tsinghua University, China
Parallel Oral Session I-B: Development of Insurance Market & Behavioral Insurance (in English)
(Conference Room 4, the second floor of Grand Link Hotel)

Moderator: Imelda Y. POWERS, Ph.D., Global Chief Cat Modeler, Managing Director of Guy Carpenter.

08:30-09:00 Insurer Risk and Performance During the 2007-2008 Financial Crisis: The Role of Institutional Ownership
Authors: Yu-luen MA, Professor, Illinois State University, USA
Yayuan REN☆, Associate Professor, Illinois State University, USA
Discussant: Frank Y. FENG, PhD. Candidate, Tsinghua University, China
09:00-09:30 A Markov-Switching Autoregressive Model for the Underwriting “Cycle”
Authors: Frank Y. FENG☆, PhD. Candidate, Tsinghua University, China
Linjia LI, Yale University, USA
Michael R. POWERS, Professor, Tsinghua University, China
Shuxi ZENG, Tsinghua University, China
Discussant: ZHU Wei, Associate Professor, University of International Business and Economics, China
09:30-10:00 What Are Agents For? Consumer Reference Manipulation in Life Insurance Market
Authors: AI Jing, Associate Professor, University of Hawaii, USA
ZHU Wei☆, Associate Professor, University of International Business and Economics, China
Discussant: FAN Chen, PhD. Candidate, Tsinghua University, China
10:00-10:30 Reference-Dependent Preferences and Insurance Demand
Authors: FAN Chen☆, PhD. Candidate, Tsinghua University, China
CHEN Bingzheng, Professor, Tsinghua University, China
Discussant: Yayuan REN, Associate Professor, Illinois State University, USA

Parallel Oral Session I-C: Risk Management (I) (in Chinese)
(Conference Room 5, the second floor of Grand Link Hotel)
Moderator: ZHANG ZuRong, Professor, Guangdong University of Finance & Economics, China
08:30-08:55 Optimal Portfolio Management Policies with Illiquid Asset
Authors: HE Lin☆, Associate Professor, Renmin University of China, China
MA Daocheng, Renmin University of China, China
XU Wei, Renmin University of China, China
Discussant: KOU Yefu, Associate Professor, Central University of Finance and Economics, China
08:55-09:20 Research on CSR Evaluation of China’s Property Insurance Company
Authors: KOU Yefu☆, Associate Professor, Central University of Finance and Economics, China
ZHAO Jianchuan, Central University of Finance and Economics, China
Discussant: LIU Lu, Associate Professor, Dongbei University of Finance and Economics, China
09:20-09:45 A Study of the Impact from Insurer’s Capital Injection on the Stock Price Fluctuation: An Empirical Analysis Based on Event Study
Authors: LIU Lu☆, Associate Professor, Dongbei University of Finance and Economics, China
HAN Hao, PhD. Candidate, University of International Business and Economics, China
SONG Yaxuan, Postgraduate Student, Dongbei University of Finance and Economics, China
Discussant: ZHANG Yan, Associate Professor, Yunnan University of Finance and Economics, China
09:45-10:10 Simulation and Evaluation of the Agricultural Catastrophe Tolerance in China: Based on Model Selection Method
Authors: ZHANG Yan☆, Associate Professor, Yunnan University of Finance and Economics, China
QIAN Zhenwei, Professor, Yunnan University of Finance and Economics, China
LI Yunxian, Associate Professor, Yunnan University of Finance and Economics, China
Discussant: YANG Chao, PhD. Candidate, Tsinghua University, China
10:10-10:35 the Research about Peer o Peer Insurance Marketing nd Risk Sharing Mechanism .
Authors: YANG Chao☆, PhD. Candidate, Tsinghua University, China
CHEN Bingzheng, Professor, Tsinghua University, China
Discussant: HE Lin, Associate Professor, Renmin University of China, China

Parallel Oral Session I-D: Pension and Social Security (I) (in Chinese)
(Conference Room 6, the second floor of Grand Link Hotel)

Moderator: ZHANG Ruigang, Associate Professor, Guangxi University, China

08:30-08:55 Product Design and Pricing of Long-term Care Insurance Under Social Security Mode
Authors: ZHOU Yan☆, Professor, East China Normal University, China
WU Junyi, Postgraduate Student, East China Normal University, China
Discussant: ZHAN Jiaxuan, Ph.D. Candidate, Renmin University of China, China
08:55-09:20 Bequest Motives and the Optimal Annuitization Strategy with Commercial Pensions
Authors: ZHAN Jiaxuan☆, Ph.D. Candidate, Renmin University of China, China
WANG Xiaojun, Professor, Renmin University of China, China
Discussant: WU Huiling, Associate Professor, Central University of Finance and Economics, China
09:20-09:45 Optimal Investment Choices Post Retirement in a Defined Contribution Pension Plan with Inflation Risk
Authors: WU Huiling☆, Associate Professor, Central University of Finance and Economics, China
DONG Hongbin, Associate Professor, Central University of Finance and Economics, China
Discussant: LU Qian, Ph.D. Candidate, Renmin University of China, China
09:45-10:10 Supply and Demand Dilemma of China’s Commercial Annuity: Based on Annuity Value and Implied Return Rate
Authors: WANG Xiaojun, Professor, Renmin University of China, China
LU Qian☆, Ph.D. Candidate, Renmin University of China, China
WANG Qiqi, Post-graduate student, Renmin University of China, China
Discussant: PENG Xiaopeng, Ph.D. Candidate, Tsinghua University, China
10:10-10:35 Real Impacts of Social Insurance
Authors: PENG Xiaopeng☆, Ph.D. Candidate, Tsinghua University, China
CHENG Bingzheng, Professor, Tsinghua University, China
Discussant: ZHOU Yan, Professor, East China Normal University, China

Parallel Oral Session I-E: Actuarial Science (II) (in Chinese)
(Conference Room 7, the second floor of Grand Link Hotel)

Moderator: ZHENG Haitao, Associate Professor, Beihang University, China

08:30-08:55 Modeling and Forecasting China Mortality Based on Machine Learning
Authors: LIU Leping☆, Professor, Tianjin University of Finance and Economics, China
ZHANG Weijian, Ph.D. Candidate, Tianjin University of Finance and Economics, China
HAO Li, Associate Professor, Tianjin University of Finance and Economics, China
Discussant: WANG Hao, Assistant Professor, Jilin University, China
08:55-09:20 Portfolio Diversification Strategy via ARMA-GARCH Vine Copula Approach
Authors: JI Hao, Assistant Professor, Northwest A&F University, China
WANG Hao☆, Assistant Professor, Jilin University, China
Brunero Liseo, Professor, Sapienza University of Rome, Italy
Discussant: GAO Jianwei, Professor, North China Electric Power University, China
09:20-09:45 Damage Distribution of Extreme Weather Events under Climate Change in China
Authors: LIANG Rong☆, Postdoctoral, Tsinghua University, China
CHEN Bingzheng, Professor, Tsinghua University, China
Discussant: LIU Huicheng, Ph.D. Candidate, North China Electric Power University, China
09:45-10:10 Pricing Longevity Bonds in the Uncertainty Theory Framework
Authors: GAO Jianwei, Professor, North China Electric Power University, China
LIU Huicheng☆, Ph.D. Candidate, North China Electric Power University, China
WU Yungao, Ph.D. Candidate, North China Electric Power University, China
Discussant: ZHANG Yongxia, Ph.D. Candidate, Renmin University of China, China
10:10-10:35 Car Network Big Data and Car Insurance Pricing
Authors: MENG Shengwang, Professor, Renmin University of China, China
ZHANG Yongxia☆, Ph.D. Candidate, Renmin University of China, China
Discussant: LIU Leping, Professor, Tianjin University of Finance and Economics, China

Parallel Oral Session I-F: Insurance Economics (in Chinese)
(Pear Room, the second floor of Grand Link Hotel)
Moderator: YAN Yunxian, Professor, Jilin Agricultural University, China
08:30-08:55 Evaluation of the Efficiency of Agricultural Insurance Subsidy: Based on the Three - stage DEA Model
Authors: QIAN Zhenwei☆, Professor, Yunnan University of Finance and Economics, China
DONG Zhiwei, Assistant Professor, Yunnan University of Finance and Economics, China
Discussant: LI Manman, Associate Professor, Chongqing University, China
08:55-09:20 Long Run Average Profit for a Spectrally Negative Lévy Risk Model with Regulation
Authors: LI Manman☆, Associate Professor, Chongqing University, China
LIU Zaiming, Professor, Central South University, China
DUAN Zhengmin, Associate Professor, Chongqing University, China
Discussant: QIAN Zhenwei, Professor, Yunnan University of Finance and Economics, China
09:20-09:45 Theoretical Analysis Framework of Economic Loss Assessment of Agricultural Catastrophe Insurance: Perspective from Welfare Economics
Authors: QIAN Zhenwei☆, Professor, Yunnan University of Finance and Economics, China
ZHANG Yan, Associate Professor,Yunnan University of Finance and Economics, China
DONG Zhiwei, Assistant Professor, Yunnan University of Finance and Economics, China
Discussant: LIU Bing, Ph.D. Candidate, Central University of Finance and Economics, China
09:45-10:10 Optimal Investment and Premium Control for Insurers with Model Uncertainty
Authors: LIU Bing☆, Ph.D. Candidate, Central University of Finance and Economics, China
ZHOU Ming, Professor, Central University of Finance and Economics, China
Discussant: QIAN Zhenwei, Professor, Yunnan University of Finance and Economics, China

Parallel Oral Session I-G: Pension and Social Security (I) (in Chinese)
(Amber Room, the second floor of Grand Link Hotel)

Moderator: YAN Weizhong, China, Professor, Xi’an University of Finance and Economics, China

09:30-09:42 An Analysis of the Profit Model of Qian Hai Life Insurance
Authors: KOU Yefu, Associate Professor, Central University of Finance and Economics, China
LIU Shengyang☆, Postgraduate, Central University of Finance and Economics, China
LI Mingzi, Postgraduate, Central University of Finance and Economics, China
CHANG Yang, Postgraduate, Central University of Finance and Economics, China
09:42-09:54 How Does The Supervision Strength Influence Systemic Risk? -Based on Differential Dynamic Model
Authors: ZHANG Ning, Associate Professor, Central University of Finance and Economics, China
BIAN Chenyu☆, Undergraduate, Central University of Finance and Economics, China
09:54-10:06 The Effect of Mortality on Life Insurance Products’ Profit
Authors: ZHENG Fengping☆, Central University of Finance and Economics, China
10:06-10:18 Optimal Consumption-Investment-Insurance Portfolio with Prospect Theory
Authors: LU Rixin☆, Undergraduate, Central University of Finance and Economics, China
DING Beichen, Undergraduate, Central University of Finance and Economics, China
HUANG Siyuan, Undergraduate, Central University of Finance and Economics, China
10:18-10:30Long-Term Care Insurance Demand Research in China under the Background of Population Aging----Based on the Logit and Tobit model
Authors: LUO Yayun☆, Undergraduate, Central University of Finance and Economics, China

10:30-10:50 Coffee/Tea Break
Outside of the Grand Ballroom, the second floor of Grand Link Hotel

10:50-12:30 Plenary Session 5
(Grand Ballroom, the second floor of Grand Link Hotel)

10:50-11:40 Keynote Speech 4:（in English）
Moderator: Michael R. Powers, Professor, Tsinghua University, China
Topic:  Capital Regulation for Finance and Insurance: a Critical Appraisal . Speaker: Paul EMBRECHTS, Professor, ETH Zurich, Switzerland
11:40-12:30 Keynote Speech 5: (in Chinese)
Moderator: CHEN Bingzheng, Professor, Tsinghua University, China
Topic: Actuarial Methodology in Canadian Public Pension Reform and Its Enlightenment to China .
Speaker: ZHENG Bingwen, Professor, The Centre for International Social Security Studies(CISS) at Chinese Academy of Social Sciences(CASS), China

12:30-14:00 Buffet Lunch
(Royal Orchid café, the first floor of Grand Link Hotel

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

Parallel Oral Session II-A: Risk Management, Behavioral Insurance & Actuarial Science (in English)
(Conference Room 2, the second floor of Grand Link Hotel l)
Moderator: Paul EMBRECHTS, professor, ETH Zurich, Switzerland
14:00-14:30 Promoting Health Risk Managements by Capital Market and Insurance Market
Authors: LU Jin-Ray☆, Professor, Dong Hwa University, China
Discussant: XIAO Qiongqi, Assistant professor, Metropolitan State University of Denver, USA
14:30-15:00Audit Committee, Insurer’s Characteristics and Default Risk: Evidence from U.S. Property-Liability Insurers
Authors: Gene C. LAI, Professor, Washington State University, USA
XIAO Qiongqi☆, Assistant professor, Metropolitan State University of Denver, USA
HO Chia-Ling, Assistant Professor, Tamkang University, China
Discussant: Shushi TOMER, University of Haifa, Israel
15:00-15:30 Multivariate Tail-based Measures for Systemic Risk
Authors: Landsman ZINOVIY, University of Haifa, Israel
Makov UDI, University of Haifa, Israel
Shushi TOMER☆, University of Haifa, Israel
Discussant: LU Jin-Ray, Professor, Dong Hwa University, China
15:30-16:00 Behavior Bias and Insurance
Authors: GAO Feng☆, Associate Professor, Tsinghua University, China

Parallel Oral Session II-B: Risk Management & Actuarial Science (in English)
(Conference Room 4, the second floor of Grand Link Hotel)
Moderator: Patricia BORN, professor, Florida State University, USA
14:00-14:30 Estimating the Risk Measures Associated with the Aggregated Liability for Multiple Run-Off Triangles Using Copulas
Authors: GAO Guangyuan☆, Lecturer, Renmin University of China, China
Discussant: LI Hong, Assistant Professor, Nankai University, China
14:30-15:00 Coherent Forecasting of Mortality Rates: A Sparse Vector-Autoregression Approach
Authors: LI Hong☆, Assistant Professor, Nankai University, China
LU Yang, Post-Doctoral Researcher, Aix-Marseille University, France
Discussant: Jiang YE, PhD candidate, Vrije Universiteit Brussel, Belgium
15:00-15:30 Optimal Strategies Under Omega Ratio .
Authors: Carole BERNARD, Professor, Grenoble Ecole de Management, France
Steven VANDUFFEL, Professor, Vrije Universiteit Brussel, Belgium
Jiang YE☆, PhD candidate, Vrije Universiteit Brussel, Belgium
Discussant: LIN Jieyu, Sun Yat-Sen University, China

15:30-16:00 Carrot or Stick? An Explanation of Insurer Risk-Taking Investment .
Authors: WANG Hanyang,Sun Yat-Sen University, China
LIN Jieyu☆,Sun Yat-Sen University, China
ZENG Yan, Associate Professor, Sun Yat-Sen University, China
Discussant: GAO Guangyuan, Lecturer, Renmin University of China, China

Parallel Oral Session II-C: Behavioral Insurance (in Chinese)
(Conference Room 5, the second floor of Grand Link Hotel)

Moderator: WU Huiling, Associate Professor, Central University of Finance and Economics, China

14:00-14:25 Basic Framework of "Behavioral Insurance Economics"
Authors: GUO Zhenhua☆,Associate Professor, Shanghai University of International Business and Economics, China
Discussant: QIAN Zhenwei, Professor Yunnan University of Finance and Economics, China
14:25-14:50The Research of Consumer Behavior of Farmers in Agricultural Insurance
Authors: QIAN Zhenwei☆, Professor Yunnan University of Finance and Economics, China
MA Yufei, Ph.D., Yunnan University of Finance and Economics, China
LI Zhen, Master, Yunnan University of Finance and Economics, China
Discussant: FAN Yi, Assistant Professor, Central South University of Forestry and Technology, China
14:50-15:15 Time Preference, Income Level and Social Endowment Insurance Participating Behavior of Farmers
Authors: FAN Yi☆, Assistant Professor, Central South University of Forestry and Technology, China
ZHANG Ning, Assistant Professor, Hunan University, China
LI Kuangqi, Postgraduate, Hunan University, China
Discussant: GUO Zhenhua,Associate Professor, Shanghai University of International Business and Economics,
15:15-15:40 Tax Incentives and Demand for Private Pensions : A Survey from Hangzhou
Authors: ZHOU Haizhen, Associate Professor, Zhejiang University of Finance and Economics, China
ZHANG Ji☆, Graduate student, Zhejiang University of Finance and Economics, China
Discussant: GUO Zhenhua, Associate Professor, Shanghai University of International Business and Economics, , China
15:30-16:00 Evaluation of Insurance Corporate Culture Based on AHP and FCE Methods
Authors: FAN Yi☆, Assistant Professor, Central South University of Forestry and Technology, China
ZHANG Ning, Assistant Professor, Hunan University, China
Discussant: GUO Zhenhua, Associate Professor, Shanghai University of International Business and Economics, , China

Parallel Oral Session II-D: Risk Management (II) (in Chinese)
(Conference Room 6, the second floor of Grand Link Hotel)

Moderator: ZHOU Yan, Professor, East China Normal University, China

14:00-14:25 the Risk Management of Rental-Purchase Residential Contracts
Authors: Yi-Long HSIAO☆, Associate Professor, National Dong Hua University, China
Jin-Ray LU, Professor, National Dong Hua University, China
Discussant: GUO Qing, Senior Economist, PICC P&C, China

14:25-14:50 Urban Flood Risk Reduction Management and Insurance Practice
Authors: GUO Qing☆, Senior Economist, PICC P&C, China
HE Fei, Engineer, PICC P&C, China
Discussant: TAO Zhengru, Professor, China Earthquake Administration, China
14:50-15:15 Discussion on Seismic Risk Management in China
Authors: TAO Zhengru☆, Professor, China Earthquake Administration, China
TAO Xiaxin, Professor, Harbin Institute of Technology, China
Discussant: ZHU Wei, Associate Professor, University of International Business and Economics, China
15:15-15:40 Household Borrowing in China: Pattern, Driving forces and Welfare Implications
Authors: ZHU Wei☆, Associate Professor, University of International Business and Economics, China
Discussant: ZHAO Liang, Associate Professor, Agricultural Information Institute of CAAS, China
15:40-16:05 Imported Risk Analysis of Rice Based on Countries in China
Authors: ZHAO Liang☆, Associate Professor, Agricultural Information Institute of CAAS, China
QIAN Jiarong, Associate Professor, Agricultural Information Institute of CAAS, China
XU Lei, Professor, Agricultural Information Institute of CAAS, China
Discussant: Yi-Long HSIAO, Associate Professor, National Dong Hua University, China

Parallel Oral Session II-E: Property and Liability Insurance (I) (in Chinese)
(Conference Room 7, the second floor of Grand Link Hotel)

Moderator: GAO Jianwei, Professor, North China Electric Power University, China

14:00-14:25 The Impact of Chinese Reform of Commercial Auto Insurance Clause and Rates on Property Insurance Company -- Based on the Analysis of Hebei Province Branch of Each Property Insurance Company
Authors: LIU Jinxia☆, Professor, Hebei Radio and TV University, China
GAO Zhandong, Master student, Hebei University of Economics and Business, China
Discussant: ZHANG Ruigang, Associate Professor, Guangxi University, China
14:25-14:50 Research on the Development of Chinese Liability Insurance Market
Authors: ZHANG Ruigang☆, Associate Professor, Guangxi University, China
DENG Linyun, Postgraduate, Guangxi University, China
Discussant: XU Tingting, Ph.D. Candidate, Southwestern university of finance and economics, China
14:50-15:15 Economic Analysis of the Introduction of Cash Crop' Revenue Insurance Contracts--Take Shaanxi Apples as an Example
Authors: XU Tingting☆, Ph.D. Candidate, Southwestern university of finance and economics, China
CUI Weiwei, Ph.D. Candidate, Southwestern university of finance and economics, China
Discussant: LI Yaru, Ph.D. Candidate, Southwestern University of Finance and Economics
15:15-15:40 Product Design and Pricing of Agricultural Futures Price Insurance—Based on European-Asian Option of Stochastic Volatility with Jump Diffusion Bate Model
Authors: LI Yaru☆, Ph.D. Candidate, Southwestern University of Finance and Economics
SUN Rong, Professor, Southwestern University of Finance and Economics
Discussant: LIU Jinxia, Professor, Hebei Radio and TV University, China
15:40-16:05 A Comparative Study on the Catastrophic Risk of Farm-Level Yield Crop Insurance and Area-Yield Crop Insurance
Authors: GAO Yu☆, Master Student, Beijing Normal University, China
YE Tao, Associate Professor, Beijing Normal University, China
LI Yijia, Master Student, Beijing Normal University, China
Discussant: LIU Jinxia, Professor, Hebei Radio and TV University, China

Parallel Oral Session II-F: Risk Management (III) (in Chinese)
(Pearl Room, the second floor of Grand Link Hotel)

Moderator: YIN Chengyuan, Professor, HeBei University, China

14:00-14:25 The Impact of China 's Interest Rate Fluctuation on the Yield Rate of Different Portfolio of Enterprise Annuity Fund——Asymmetric Effect Analysis Based on VAR Model
Authors: WU Fei☆, Central University of Finance and Economics, China
MOU Shanshan, Central University of Finance and Economics, China
14:25-14:50 Risk Management of Investment and Loan Linkage Business in China’s Commercial Banks
Authors: HAN Jinmian, Associate Professor, Northwest University , China
ZHANG Xuan☆, Master degree Candidate, Northwest University
14:50-15:15 The Research on Pricing of High-Tech SMES Loan Guarantee Insurance——Evidence on Credit Risk Measurement Model
Authors: LIANG Jiahao☆, Master of insurance, Finance school of Zhejiang University of Finance and Economics, China
YE Xiaoling, Associate Professor, Finance school of Zhejiang University of Finance and Economics , China
15:15-15:40 China’s Local Government Debt Risk Assessment and Management Based on KMV Model
HAN Jinmian, Associate Professor, Northwest University
LI Wenxin☆, Graduate student, Northwest University
15:40-16:05 An Index-Based Livestock Insurance Solution of Snow Disaster in Central Qinghai-Tibetan Plateau .
Authors: LI Yijia☆, Master Student, Beijing Normal University, China
YE Tao, Associate Professor, Beijing Normal University, China
GAO Yu, Master Student, Beijing Normal University, China

Parallel Oral Session II-G: Development and Regulation of Insurance Market (II) (in Chinese)
(Amber Room, the second floor of Grand Link Hotel)

Moderator: CHEN Bingzheng, Professor, Tsinghua University, China

14:00-14:25 Influence of Scientific Innovation on Insurance——An Empirical Analysis Based on Gray Relational Model
Authors: LI Bofang☆, Graduate Student, Central University of Finance and Economics, China
14:25-14:50 The Study of the Impact on Residents Health of Heath Resources -- Take the Example of Developed Areas in China
Authors: WANG Yuanyuan☆, Master Degree Candidate, Shanghai University of International Business and Economic, China
WENG Xiaodan, Professor, Shanghai University of International Business and Economic, China
14:50-15:15 Supervision of the Government for Insurance Companies Buying into Listed Companies
Authors: LI Xiao☆, Master Candidate, Central University of Finance and Economics, China
15:15-15:40 Does Economic Policy Uncertainty Have an Impact on the Cash Holding: Analysis on Insurance Companies
Authors: ZHAO Xiwen☆, Student, Central University of finance and Economics, China
XIE Yong, Student, Central University of finance and Economics, China
15:40-16:05 Research on the Relation between Solvency Ratio and Performance of Chinese Life Insurance Companies—On the Basis of Panel Threshold Regression Model
Authors: SONG Baizhi☆, Undergraduate, Central University of Finance and Economics, China
BIAN Chenyu, Undergraduate, Central University of Finance and Economics, China
SUN Hui, Undergraduate, Central University of Finance and Economics, China

16:00-16:20 Coffee/Tea Break
Outside of the Grand Ballroom, the second floor of Grand Link Hotel

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

Parallel Oral Session III-A: Pension and Social Security (II) (in English)
(Conference Room 2, the second floor of Grand Link Hotel)
Moderator: Mario V. WÜTHRICH, professor, ETH Zurich, Switzerland
16:20-16:50 Estimating Healthy Life Expectancy: A Province-by-Province Study for China
Authors: Han LI, Research Fellow, University of New South Wales, Australia
Katja HANEWALD☆, Senior Research Fellow, University of New South Wales, Australia
Shang WU, Research Fellow, University of New South Wales, Australia
Discussant: Ning CAI, Associate Professor, Hong Kong University of Science and Technology, China
16:50-17:20 Distributions of Life Annuities with General Markov Returns: A Unified Laplace Transform Approach
Authors: Ning CAI☆, Associate Professor, Hong Kong University of Science and Technology, China
Yingda SONG, Associate Professor, University of Science and Technology of China, China
Steven KOU, Professor, National University of Singapore, Singapore
Discussant: Shang WU, Research Fellow, University of New South Wales, Australia
17:20-17:50 Delaying the Public Pension Age in China: Implications for Labor Force Participation and Individual Welfare
Authors: Shang WU☆, Research Fellow, University of New South Wales, Australia
Hanming FANG, Professor, University of Pennsylvania, USA
Discussant: Uche Amara IBEKWE☆, University of Lagos, Nigeria
17:50-18:20 Equity Investment Restrictions and Pension Replacement Rates in Nigeria: A Ruin-Risk Analysis
Authors: Uche Amara IBEKWE☆, University of Lagos, Nigeria
Discussant: Katja HANEWALD, Senior Research Fellow, University of New South Wales, Australia

Parallel Oral Session III-B: Actuarial Science (III) (in Chinese)
(Conference Room 4, the second floor of Grand Link Hotel)
Moderator: CHEN Bingzheng, Professor, Tsinghua University, China

16:20-16:45 Single Risk Catastrophe Bond Pricing – Take Typhoon Catastrophe Bond in Zhejiang Province as Example
Authors: SHI Yanjing☆, Master Candidate, Tongji University, China
WANG Haiyan, Associate Professor, Tongji University, China
SHI Xiaorong, Master Graduate, Tongji University, China
16:45-17:10 Solvency Evaluation of Life Insurance Companies under China Solvency Regulation Ⅱ
Authors: MU Yujing☆, Undergraduate☆, Central University of Finance and Economics, China
17:10-17:35 Design and Pricing of Multi-event CAT Bond Based on Flood Disaster in China
Authors: LI Peng☆, Master Candidate, Tongji University, China
WANG Haiyan, Associate Professor, Tongji University, China
17:35-18:00 The Impact of Big Data on Life Cycle Management of Life Insurance Customers .
Authors: ZHOU Yi☆, Undergraduate, Shanghai Lixin University of Accounting and Finance, China
18:00-18:25 Research on the Product Design and Pricing of Weather Index Insurance : Taking Heilongjiang Rice Weather Index Insurance as an Example
Authors: WANG Haiyan, Associate Professor, Tongji University, China
HAO Jifei☆, Master Candidate, Tongji University, China

Parallel Oral Session III-C: Development and Regulation of Insurance Market （III） (in Chinese)
(Conference Room 5, the second floor of Grand Link Hotel)

Moderator: GUO Zhenhua, Associate Professor, Shanghai University of International Business and Economics, China
16:20-16:45 Designing and Rating an Area Yield Insurance Contract for Corn in Jilin Province
Authors: YAN Yunxian☆, Professor, Jilin Agricultural University, China
WANG Yiping, Lecturer, Jilin Agricultural University, China
Discussant: WU Xiangyou, Associate Professor, Minjiang University, China
16:45-17:10 Does Export Credit Insurance Really Promote International Trade: Evidence from China
Authors: WU Xiangyou☆, Associate Professor, Minjiang University, China
LIU Xueping, Assistant Researcher, Minjiang University, China
Discussant: TIAN Lu, Associate Professor, Jilin Agricultural University, China
17:10-17:35 Insurance System of Foreign Livestock and its Enlightenment for China -- Based on the Experience of America
Authors: TIAN Lu☆, Associate Professor, Jilin Agricultural University, China
WANG Yue, Ph.D. Candidate, Jilin Agricultural University , China
Discussant: SUN Xiaoyang, Assistant Professor, Anhui University of Finance and Economics, China
17:35-18:00 the "Three Dimensions" of the Environment of Mutual Agricultural Insurance System - Comparison between China and France .
Authors: SUN Xiaoyang☆, Assistant Professor, Anhui University of Finance and Economics, China
ZHENG Jun, Professor, Anhui University of Finance and Economics, China
Discussant: JIA Shibing, Hebei University, China
18:00-18:25 Study on Regional Differentiation of Market Competition in China's Insurance Market - Based on 2006-2015 City-level Panel Data
Authors: JIA Shibing☆, Hebei University, China
SHEN Fang, Hebei University, China
Discussant: YAN Yunxian, Professor, Jilin Agricultural University, China

Parallel Oral Session III-D: Development and Regulation of Insurance Market （IV） (in Chinese) (Conference Room 6, the second floor of Grand Link Hotel)

Moderator: TAO Zhengru, Professor, China Earthquake Administration, China

16:20-16:45 Explore the Insurance Service of Innovational Technological Talents
Authors: ZHANG Daijun, Professor, Zhejiang University of Finance and Economics, China
YE Fuying☆, Graduate Student, Zhejiang University of Finance and Economics, China
Discussant: YAN Weizhong, China, Professor, Xi’an University of Finance and Economics, China
16:45-17:10 Development and Comparative Study on Shaanxi Insurance Market .
Authors: ZHANG Dingwen, Graduate Student, Xi’an University of Finance and Economics, China
YAN Weizhong☆, China, Professor, Xi’an University of Finance and Economics, China
KANG Jia, Graduate Student, Xi’an University of Finance and Economics, China
WANG Zhe, Graduate Student, Xi’an University of Finance and Economics, China
Discussant: YIN Chengyuan, Professor, HeBei University, China
17:10-17:35 Research of the Investment Portfolio Strategy of Insurance Funds under the New Deal Background
Authors: YIN Chengyuan☆, Professor, HeBei University, China
FENG Yue, MF. Candidate, HeBei University, China
Discussant: ZHANG ZuRong, Professor, Guangdong University of Finance & Economics, China
17:35-18:00 The Relationship between Government and Market in the Course of Development of Agricultural Insurance: An Analytical Framework
Authors: ZHANG ZuRong☆, Professor, Guangdong University of Finance & Economics, China
Discussant: LI Yunxian, Associate Professor, Yunnan University of Finance and Economics, China
18:00-18:25 Risk Assessment and Reserve Evaluation of Yunnan Agricultural Catastrophe Insurance : Based on Model Selection Technology
Authors: LI Yunxian☆, Associate Professor, Yunnan University of Finance and Economics, China
ZHANG Yan, Associate Professor,Yunnan University of Finance and Economics, China
QIAN Zhenwei, Professor, Yunnan University of Finance and Economics, China
Discussant: YE Fuying, Professor, Zhejiang University of Finance and Economics, China

Parallel Oral Session III-E: Actuarial Science (IV) (in Chinese)
(Conference Room 7, the second floor of Grand Link Hotel)

Moderator: LIU Leping, Professor, Tianjin University of Finance and Economics, China

16:20-16:45 GEV Distribution and Valuation of Guaranteed Unitized Participating Life Insurance
Authors: ZHENG Haitao☆, Associate Professor, Beihang University, China
HAO Junzhang, Ph.D. Candidate, Beihang University, China
BAI Manying, Professor, Beihang University, China
ZHANG Zhengjun, Professor, University of Wisconsin, USA
Discussant: LI Yunxian, Associate Professor, Yunnan University of Finance and Economics, China
16:45-17:10 The Analysis of Dependence Structure between Flood and Drought Damages with Copula Method and Bayesian Approaches

Authors: ZHOU Ruowei, Professor, Yunnan University of Finance and Economics, China
LI Yunxian☆, Associate Professor, Yunnan University of Finance and Economics, China
JI Sichen, Master, Yunnan University of Finance and Economics, China
Discussant: YANG Liang, Ph.D. Candidate, Renmin University of China, China
17:10-17:35 CIR Models and Prediction of Catastrophe Loss
Authors: YANG Liang☆, Ph.D. Candidate, Renmin University of China, China
MENG Shengwang, Professor, Renmin University of China, China
Discussant: LI Zhengxiao, Ph.D. Candidate, Renming University, China
17:35-18:00 Modeling Earthquake Deaths Using Two Dimensional Poisson Process
Authors: LI Zhengxiao☆, Ph.D. Candidate, Renming University, China
Discussant: ZHENG Haitao, Associate Professor, Beihang University, China

Parallel Oral Session III-F: Life and Health Insurance (in Chinese)
(Pearl Room, the second floor of Grand Link Hotel)

Moderator: LIU Jinxia, Professor, Hebei Radio and TV University, China

16:20-16:45 Who Should Underwrite Serious-illness Insurance and Basic Medical Insurance?
Authors: LI Qinxia☆, Assistant Professor, Xiamen University, China
HUANG Can, Postgraduate, Xiamen University, China
Discussant: LIN Wenyi, Assistant Professor, Jinan University, China
16:45-17:10 The Relationship between Health Insurance Coverage and Health Care Services Utilization among the Elderly in China: Based on the CHARLS Dataset
Authors: LIN Wenyi☆, Assistant Professor, Jinan University, China
Discussant: FAN Qingzhu, Ph.D. Candidate, Peking University, China
17:10-17:35 The Impact of Supplying Factors on Consumption: Spatial Evidence from Life Insurance
Authors: FAN Qingzhu☆, Ph.D. Candidate, Peking University, China
JIA Ruo, Assistant Professor, Peking University, China
SUN Qixiang, Professor, Peking University, China
Discussant: LI Qinxia, Assistant Professor, Xiamen University, China
17:35-18:00 The Relationship between Children's Dependency Ratio and Household Demand for Life Insurance: Based on the Data of CGSS
Authors: ZHOU Haizhen, Associate Professor, Zhejiang University of Finance and Economics, China
YAO Cikang☆, Graduate student, Zhejiang University of Finance and Economics, China
Discussant: FU Bincheng, Postgraduate, Zhejiang University of Finance and Economics, China
18:00-18:25 In the Application of Life Insurance Actuarial UDD Assumed
Authors: QI Shixiong, Associate Professor, Zhejiang University of Finance and Economics, China
FU Bincheng☆, Postgraduate, Zhejiang University of Finance and Economics, China
Discussant: LI Qinxia, Assistant Professor, Xiamen University, China

Parallel Oral Session III-G: Property and Liability Insurance (II) (in Chinese)
(Amber Room, the second floor of Grand Link Hotel)
Moderator: KOU Yefu, Associate Professor, Central University of Finance and Economics, China
16:20-16:45 Research on New Telematics Insurance Framework Based on AEW-AHP
Authors: ZHANG Yusheng, Undergraduate, Central University of Finance and Economics, China
LV Peiyao☆, Undergraduate, Central University of Finance and Economics, China
16:45-17:10 Bomus-Malus System in Automobile Insurance and Empirical Research in the Background of Automobile Insurance Rate Reform
Authors: QI Shixiong, Associate Professor, Zhejiang University of Finance and Economics, China
SHI Qifang☆, Postgraduate, Zhejiang University of Finance and Economics, China
17:10-17:35 An analysis on the Economic Effect of Mutual Agricultural Insurance in Heilongjiang Reclamation Area
Authors: LI Yunzhe☆, Undergraduate, the Central University of Finance and Economics, China
17:35-18:00 Governance Structure and Efficiency of Insurance Companies--Based on the Level of Property Insurance Companies in China
Authors: HOU Jinyu☆, Master of insurance, Central University of Finance and Economics, China
18:00-18:25 an Analysis of Bicycle-Sharing Property Damage Insurance Development
Authors: LI Mingzi☆, Postgraduate, Central University of Finance and Economics, China
LI Bing, Postgraduate, Central University of Finance and Economics, China
18:25-18:50 Pricing Research of Bitcoin Virus Intrusion Insurance——Market Background Based on Malicious Control of College Students' Personal Important Information
Authors: WANG Chong, Hebei University, China
18:50-19:15 Rating for Automobile Extended Warranty Contract With Individual Heterogeneity .
Authors: MAO Yu, Master Degree Candidate, University of International Business and Economics, China

Saturday, July 22nd

Industry Forum: Mutual insurance in the Internet Era

08:30-10:00 Plenary Session 6
(Grand Ballroom, the second floor of Grand Link Hotel)
Moderator: TIAN Lin, Professor, Wuhan University, China
08:30-09:00 Mutual Insurance in the Internet Era .
Speaker: JIANG Chongguang, Insurance Society of China, China
09:00-09:30 A Study on the Development of Mutual Insurance in Internet Era . .
Speaker: WANG Wen, Director General, Country Risk & Economics Research Department, China Export & Credit Insurance Corporation, China

09:30-10:00 Mutual Insurance In China: The Business Model of Mutual Insurance Companies .
Speaker: Charlie CHEN, General Manager, Zurich General Insurance Company (China) Limited Beijing Branch, China
.
10:00-10:20 Coffee/Tea Break
(Outside of the Grand Ballroom, the second floor of Grand Link Hotel)

10:20-11:45 Plenary Session 7
(Grand Ballroom, the second floor of Grand Link Hotel)
Moderator: WANG Xujin, Professor, Beijing Technology and Business University, China
10:20-10:50 The Challenges of Mass Membership for Mutuals - Perspectives and Solutions  .
Speaker: WEISHAUPT Thierry, Contact Person of International Cooperative and Mutual Insurance Federation (ICMIF)
10:50-11:20 Some thoughts of Mutual Insurance under Internet .
Speaker: Edward WU, Executive Director, China Captive & Mutual Practice, Willis Towers Watson
11:20-11:50 How a mutual is using digital tool to better serve its members?  .
Speaker: WEISHAUPT Thierry, General Manager, MGEN China Development & Operation

11:50-12:20 Panel Discussion
(Grand Ballroom, the second floor of Grand Link Hotel)
Moderator: WANG Xujin, Professor, Beijing Technology and Business University, China
Speakers:
JIANG Chongguang, Insurance Society of China, China
WANG Wen, Director General, Country Risk & Economics Research Department, China Export & Credit Insurance Corporation
Charlie CHEN, General Manager, Zurich General Insurance Company (China) Limited Beijing Branch, China
WEISHAUPT Thierry, Contact Person of International Cooperative and Mutual Insurance Federation(ICMIF)
Edward WU, Executive Director, China Captive & Mutual Practice, Willis Towers Watson
WEISHAUPT Thierry, General Manager, MGEN China Development & Operation

12:20-12:30 Closing
(Grand Ballroom, the second floor of Grand Link Hotel)
Moderator: CHEN Bingzheng, Professor, Tsinghua University, China
12:30-14:00 Buffet Lunch
(Royal Orchid café, the first floor of Grand Link Hotel)