Hi everybody đź‘‹
Today is the launch of the 1st episode of the Reinsurance Tutorials season 4!
We will talk about the "Life and Non Life Insurance in China: The Impact of a centralized management".
This topic will be addressed by Arundo Re experts Yang DU and Ning Jing LIU.
Let’s start! ⏬
[Yang]: Hello everyone, I am DU Yang. I’m in charge of the Non-Life business for mainland China and Hong Kong. I came to France in 2008 to study actuarial science. Since graduating, I have been working in the reinsurance industry.
[Ning Jing] : My name is Liu Ningjing, and I am responsible for our company’s Life & Health, and accident insurance business in the Asia region. I am based in Paris, France.
Our company adopts a unique management model within the reinsurance industry. All of our business is underwritten through our headquarters in Paris, and our team is composed of members from 22 different countries, proficient in 15 languages.
This diverse environment benefits our underwriters, actuaries, legal staff, and all other departments. The multicultural atmosphere and the energy it brings are highly beneficial to both us and our partners. It enables us to significantly improve the efficiency of our business processes and our responsiveness to clients.
[Yang]: In the current environment, both direct insurers and reinsurers face numerous challenges. These include intense market competition, inadequate pricing models for natural disasters—exacerbated by global climate change—and misaligned risk assessment and pricing for new products. To address these challenges, we must enhance our technological capabilities, optimize risk management, strengthen compliance, and invest in the development of professional talent.
As a witness to the rapid growth and transformation of the Chinese insurance market over the past decades, we firmly believe that it remains dynamic and full of potential.
Although our company does not have a representative office in China, we are among the first foreign reinsurers to have engaged with the Chinese market, dating back to 1987
Currently, we have established partnerships with 60 P&C insurance companies and more than 10 L&H compagnies in China. The Chinese market has consistently ranked among the top in terms of premium volume within our Asia-Pacific portfolio.
Backed by strong shareholders, solid capital, and an A rating from S&P and AM Best, we are well-positioned to build reliable, long-term partnerships.
[Ning Jing] : In the Life & Health insurance space, we continuously strive to optimize and refine our pricing models to deliver more accurate and locally tailored quotations for our clients. In the post-pandemic era, we keep a close eye on trends in medical costs and critical illness incidence across markets, while also following the latest global medical innovations, aiming to provide our clients with a comprehensive perspective.
[Yang]: Our strategy is to develop a comprehensive global network of cooperation—particularly in Asia and China—across Life, Non-Life, and Specialty lines. Our centralized underwriting model in Paris enables us to execute this strategy with greater efficiency and consistency.
[Ning Jing] : We do not deliberately pursue market leadership, but in the course of our collaborations, we are honored to have earned the trust and recognition of our clients, often being chosen as the lead reinsurer. We are very proud of this.
See you soon for the next episode đź‘‹