This event is hosted by THE LIFE INSURANCE ASSOCIATION OF JAPAN (LIAJ)
under the auspices of the Japanese G20 Presidency.

Insurance Forum JAPAN 20195 June, 2019
Programme Guide

Global Partner

Partner

Forum supporters

1

VenueShinagawa Prince Hotel(MAIN TOWER, 30th floor
Hall Diamond).
30-10-4 Takanawa,
Minato-ku, Tokyo

Reception at the venue:
Please come to the 2nd floor by an escalator and ride on the elevatorfor 30th floor. We will organise a reception desk at the entrance of theforum hall.
2Forum Venue
Hall Diamond
30th Floor,
Shinagawa Prince Hotel(Main Tower)

Farewell Cocktail Venue
TABLE 939th Floor, Shinagawa
PrinceHotel(Main
Tower)To the Farewell Cocktail Venue from the Forum venue
Please go down the elevator to the 2nd floor and change to the‘Restaurant-only Elevator.’ Go up to the 39th floor and you will see theentrance of the cocktail venue.

3

Insurance Forum Japan 2019 Schedule
Time

Event

8:45 –

Registration Opens

9:30 – 9:35

Opening remarks
Mr. Seiji Inagaki, Chairman, The Life Insurance Association of Japan(President, The Dai-ichi Life Insurance Company, Limited)

9:35 – 9:40

Special Address (TBC)
His Excellency Taro Aso, Deputy Prime Minister, Minister of Finance, andMinister of State for Financial Services, Japan

9:40 – 9:45

Special Address
Dr. Juan Pazo, Superintendent, National Superintendence of Insurance(SSN), Argentina

9:45 - 10:00

Keynote speech
Mr. Toshihide Endo, Commissioner, Japan Financial Services Agency

4

10:00 – 11:15

Panel 1 –Utilizing Digital Technology Considering Ageing
Impact made by using digital technologies which are rapidly
advancing.
Expectation of digital technologies utilized as initiatives which
promote financial inclusion in the context of ageing
・Merits and demerits of risk segmentation in medical insurance
・Impact of telematics insurance
・Use of fully automated insurance
・Developing services to the elderly on the premise of well-using digital
devicesModerator:
Prof. Yoshihiro Kawai, Chair, Insurance and Private Pensions Committee(IPPC), OECD
Panelists:


Mr. Clement Cheung Wan-ching, CEO, Insurance Authority (Hong Kong)Prof. Hiroaki Miyata, Health Policy and Management School of Medicine,
Keio University

Ms. Ho Hern Shin, Assistant Managing Director (Banking & Insurance),
Monetary Authority of Singapore (MAS)

Ms. Nina Arquint, Head Qualitative Risk Management, Swiss Re
Management Ltd.



11:15 – 11:45

Mr. Wayne Xu, President, ZA International

Coffee break5

11:45 – 13:00

Panel 2 –Responding to Ageing
Ageing is a global phenomenon both in developed and developing
economies and the pace of global ageing will be accelerated in the coming
decades. What role should insurers play in order to contribute to customers
under the era of “100-Year-Life” of average life expectancy?
・Overview of global ageing and the vulnerability of elderly people
・Insurers’ roles in ageing society from perspectives of 3 Ps (Preparedness,
Prevention and Protection)
・Innovative technology and the cutting edge knowledge including financial
gerontology
・Policy and regulatory framework that can incentivize self-help actions andbetter product provision towards ageing
Moderator:
Mr. Masamichi Kono, Deputy Secretary-General, OECD
Panelists:


Mr. Greig Woodring, Retired President and Chief Executive Officer,
Reinsurance Group of America, Inc.



Ms. Michaela Koller, Director General, Insurance Europe / Secretary
General, Global Federation of Insurance Associations (GFIA)Prof. Olivia S. Mitchell, Wharton School of the University of Pennsylvania



Mr. Seiji Inagaki, Chairman, The Life Insurance Association of Japan(President, The Dai-ichi Life Insurance Company, Limited)

13:00 – 14:30

Networking lunch

614:30 – 15:45

Panel 3 –Contribution to Building a Resilient Economy
How can insurance industry contribute to building economies that are
resilient to climate change in the context of filling the protection gap
and investing in infrastructure projects that pay due attention to its
impact on environment?
・Protection side: Public-private risk sharing, parametric insurance
・Investment side:-Life insurance and infra financing as long term investment-High riskiness and difficulties of infra investment in emerging countries
Moderator:
Mr. Don Forgeron, President & CEO, Insurance Bureau of Canada / Vice
President, Global Federation of Insurance Associations (GFIA)
Panelists:Dr. Ceyla Pazarbasioglu, Vice President, Equitable Growth, Finance andInstitutions, World Bank

Mr. Kiyoshi Fukuwatari, General Manager, Risk Management Business,
Sompo Risk Management Inc. (representing the General Insurance
Association of Japan)Prof. Naoyuki Yoshino, Dean, Asian Development Bank Institute /Professor Emeritus, Keio University



Mr. Thomas Leonardi, Executive Vice President, Government Affairs,
Public Policy and Communications, American International Group, Inc.

15:45 – 16:15

Coffee break7

16:15 – 17:30

Panel 4 –International Insurance Regulatory Framework from theperspective of Ageing and Building a Resilient Economy
Review the international insurance regulatory standards from theperspective of items raised in session 1 to 3 and Discuss directions of
future design or improvement of the standards
・Regulatory/supervisory framework that neither impedes responding toageing nor disincentivizes building resilient economy
・Appropriate insurance regulation and supervision enabling digital technology
to be utilized to help cope with cognitive deterioration and not in a way that
excludes or unfairly discriminates
Moderator:
Mr. Jonathan Dixon, Secretary General, International Association of
Insurance Supervisors (IAIS)
Panelists:

Mr. Andrew Bulley, Partner, Risk Advisory, Deloitte UK

Mr. Bryan Pickel, Vice President & Head, International Regulatory Affairs,
Prudential Financial Inc.



Ms. Chlora Lindley-Myers, Chair, Market Regulation and Consumer
Affairs Committee, National Association of Insurance Commissioners(NAIC) / Director, the Missouri Department of Insurance

Mr. Hiroshi Ota, Deputy Commissioner for International Affairs, Japan
Financial Services Agency / Vice Chair, Executive Committee, IAISDr. Manuela Zweimueller, Head of Policy Department, European
Insurance and Occupational Pensions Authority (EIOPA)



17:30 – 17:35

Mr. Thomas Wilson, Global CRO, Allianz SE

Closing remarks
Mr. Recaredo Arias, President, Global Federation of Insurance Associations(GFIA) / Director General, Insurance Association of Mexico (AMIS)

18:00 – 20:00

Farewell cocktail

89:30 – 9:35
Opening remarks
Mr. Seiji Inagaki
Chairman, The Life Insurance Association of Japan(President, The Dai-ichi Life Insurance Company,
Limited)Mr. Seiji Inagaki has been the President of Dai-ichi Life Holdings,
Inc. and The Dai-ichi Life Insurance Company, Limited sinceApril, 2017 and Chairman of The Life Insurance Association ofJapan since July 2018.
Mr. Inagaki served as Director at The Dai-ichi Life Insurance Company, Limited from June
2016 and at Dai-ichi Life Holdings, Inc. from October 2016 and Managing Executive Officer
at The Dai-ichi Life Insurance Company, Limited from April 2015 and at Dai-ichi Life Holdings,
Inc. from October 2016, to March 2017.
Mr. Inagaki joined The Dai-ichi Mutual Life Insurance Company (currently Dai-ichi Life
Holdings, Inc.) in April 1986. He has experience of the corporate planning, global markets,risk management in the financial services industry.
Mr. Inagaki has MBA from the Harvard Business School and Bachelor's Degree in Economics
from Keio University in Japan.
Mr. Inagaki also serves as an Executive Board Vice Chair of BIAC （Business and Industry
Advisory Committee to the OECD).

9:35 – 9:40
Special Address (TBC)
His Excellency Taro Aso
Deputy Prime Minister, Minister of Finance, and Minister of State for Financial
Services, Japan9

9:40 – 9:45
Special Address
Mr. Juan Pazo
Superintendent of Insurance, Superintendenceof Insurance of Argentina
Mr. Pazo is the Superintendent of Insurance of the
Republic of Argentina. Before his currents appointment
in early 2017, Mr. Pazo served as Chief of Staff of the Financial Information Unit, Argentina`ssupervisor and regulating agency of AML/FT. He served in this role from late 2015 to early2017.
Prior to joining the public sector, Mr. Pazo worked as a corporate attorney advising in a wide
range of business and corporate transactions. He also served as executive director in local
companies.

9:45 – 10:00
Keynote speech
Mr. Toshihide Endo
Commissioner, Japan Financial Services Agency
Mr. Toshihide Endo is the Commissioner of the Financial Services
Agency (FSA).
Since joining the FSA in 2002, Mr. Endo has held various executive
posts, including the Director-General of the Supervisory Bureau
and Inspection Bureau, the Deputy Director-General of the Planning and Coordination
Bureau. When he was the Director-General of the Supervisory Bureau, he leads supervisionof banks, broker-dealers, insurance companies and the Deposit Insurance Corporation ofJapan. As the Director-General of Inspection Bureau, he integrated the process of on-site
inspection and off-site monitoring, aiming for an in-depth understanding of the financial
institutions and the financial system in effective manner. Also, as the Deputy Director-Generalof the Planning and Coordination Bureau, he was responsible for overall policy making forthe financial system and markets, and the supervision of securities exchanges.

10Prior to his posting to the FSA, Mr. Endo worked for the Asian Pacific Department and the
Finance Department of the International Monetary Fund. Mr. Endo received a B.A. in Law
from the University of Tokyo in 1982 and a M.Sc. in Economics from the London School of
Economics (LSE) in 1986.

11

10:00 – 11:15
Panel 1 –Utilizing Digital Technology Considering Ageing
Impact made by using digital technologies which are rapidly advancing.
Expectation of digital technologies utilized as initiatives which promote financial inclusion in
the context of ageing
・Merits and demerits of risk segmentation in medical insurance
・Impact of telematics insurance
・Use of fully automated insurance
・Developing services to the elderly on the premise of well-using digital devices
Moderator

Panelists
Mr. Clement Cheung
Chief Executive Officer, Insurance
Authority (Hong Kong)
Prof. Hiroaki Miyata
Health Policy and Management at the
School of Medicine, Keio University

Prof. Yoshihiro Kawai

Ms. Ho Hern Shin

Chair, Insurance and Private Pensions

Assistant Managing Director (Banking &Committee (IPPC), OECD

Insurance), Monetary Authority ofSingapore (MAS)Ms. Nina Arquint
Head Qualitative Risk Management, Swiss
Re Management Ltd.
Mr. Wayne Xu
President, ZA International

12Moderator
Prof. Yoshihiro Kawai
Chair, Insurance and Private Pensions Committee (IPPC),OECD
Professor Yoshihiro Kawai is Chair of OECD Insurance and Private
Pensions Committee, and Advisor to Commissioner, Financial
Services Agency, Government of Japan. He is also Professor of
Kyoto University and Tokyo University. He held the position of
Secretary General of the International Association of Insurance
Supervisors (IAIS) since June 2003 until November 2017. He
joined the IAIS in 1998 as Deputy Secretary General and was instrumental in the fast anddynamic growth of the Association. During his IAIS duties, Professor Kawai was also an
active IAIS representative to the Financial Stability Board (formerly Financial Stability Forum)from 1999 until November 2017. Professor Kawai’s professional career began with Tokio
Marine and Fire Insurance Co. and the Ministry of Labour, Tokyo. He later served on the
Secretariat for the OECD Insurance Committee in Paris for 4 years. From 1995 until 1998,
he acted as Advisor to the Minister of Finance and the President of the Insurance Supervisory
Authority in Warsaw. Professor Kawai earned his PhD in 2000 from City University, London,
with his thesis on the reform of insurance supervisory systems for economies in transition.
His PhD was preceded by a BA in Education and Sociology from the University of Tokyo anda MBA with a specialisation in Economics and Finance from INSEAD. In his free time, he isa keen tennis player and marathon runner.

Panelists
Mr. Clement Cheung
Chief Executive Officer, Insurance Authority (Hong Kong)
Mr. Cheung has been the Chief Executive Officer of the Insurance
Authority since 15 August 2018. As a career civil servant, he joined
the Administrative Service of the Hong Kong Government in 1983
and was involved over the years with formulation andimplementation of policies covering a broad range of areas such13

as healthcare services, public housing, multilateral trade, investment promotion, public works
and financial regulation. Recent positions that he occupied include Director of the Hong Kong
Economic and Trade Office in Singapore from 1998 to 2001, taking charge of ASEAN affairs
and coping with impact of the Asian Financial Crisis; Deputy Secretary (Works) of the former
Environment, Transport and Works Bureau from 2001 to 2006, overseeing establishment of
the Construction Industry Council and control of public works expenditure; and Commissionerof Insurance from 2006 to 2009, responsible for the prudential regulation of authorized
insurers amidst the global financial crisis.
During his tenure as the Postmaster General from 2009 to 2011, Mr. Cheung made notableachievements in corporate structuring and business development. He was appointed by
State Council as the Commissioner of Customs and Excise in September 2011, heading a
law enforcement agency to combat smuggling activities, interdict drug trafficking, protect
intellectual property rights and safeguard consumer interests. He became Secretary for the
Civil Service in July 2015 before proceeding on retirement in July 2017.

Prof. Hiroaki Miyata
Health Policy and Management at the School of Medicine,
Keio University
Dr. Hiroaki Miyata is Professor of Health Policy and Management
at the School of Medicine at Keio University, and is Director of
Global Health Systems and Innovation at National Center of
Global Health and Medicine.
After receiving his doctoral degree in Epidemiology, he has worked
as a faculty in the Department of Healthcare Quality Assessment
at the Graduate School of Medicine, the University of Tokyo which he currently remains
affiliated to as an Adjunct Professor. He has been involved in numerous studies related tothe assessment and improvement of healthcare quality in Japan using the national clinicaldatabase which is a nationwide clinical registry database that he had actively participated as
one of the main leaders in its development.

14

Ms. Ho Hern Shin
Assistant Managing Director (Banking & Insurance),
Monetary Authority of Singapore (MAS)Ms. Ho Hern Shin is the Assistant Managing Director of the
Banking & Insurance Group, overseeing the licensing andsupervision of all banks, merchant banks, insurance andfinance companies in Singapore.
Prior to this, Ms. Ho also served in different functions in MAS, including overseeing the policy
formulation for, and supervision of, financial institutions in the areas of anti-money laundering,
technology risk and cybersecurity, financial risks, and payments systems. Ms. Ho was alsohead of HR and Organisational Development for some years in MAS.
Ms. Ho holds a BSc degree in Monetary Economics from the London School of Economics
in the UK.

Ms. Nina Arquint
Head Qualitative
Management Ltd.

Risk

Management,

Swiss

Re

Ms. Nina Arquint is Head Group Qualitative Risk Management
at Swiss Re and member of Swiss Re’s Risk Management
Executive Team, reporting to the Group RO. She has the groupwide responsibility for the identification and oversight ofemerging, operational, political, regulatory and sustainability risk
as well as information security.
Prior to joining Swiss Re, Ms. Arquint was Head of the Strategic Services Division andmember of the Executive Board of the Swiss Financial Markets Supervisory Authority
FINMA as of February 2013. In that capacity, she was in charge of FINMA's international
cooperation, financial market regulation, legal & compliance as well as the strategic
management. She acted as chair of FINMA's Enforcement Committee and represented theauthority in the Executive Committee of the International Association of Insurance
Supervisors. Before this, Ms. Arquint led the General Secretariat of FINMA since October
2009, a role in which she was charged with the organisational duties relating to FINMA’s
Board of Directors and Executive Board, the management of relations with the Swiss Federal
Council, the Federal Department of Finance and the General Assembly as well as FINMA's
15

internal and external communication activities. She started her professional career in the
Legal Department of the Federal Office of Private Insurance.
Ms. Arquint graduated from the Law Faculty at the University of Bern, where she holds aPh.D in law.

Mr. Wayne Xu
President, ZA International
Mr. Wayne Xu joined ZhongAn Online P&C Insurance as Chief
Operating Officer in January of 2014, and took office as Presidentof ZhongAn Technologies International Group in December 2017
after its establishment.
Mr. Xu brings in-depth expertise in strategy and operations andstrives to implement a culture of innovation, to bring forth ideas ofinternet product development, and to develop international business for ZhongAn.
Mr. Xu has more than 10 years of experience in internet product development andmanagement. Prior to joining ZhongAn, Mr. Xu worked as founding member of Google China
product management team.
Mr. Xu holds a MBA degree from Tsinghua University as well as a Master’s Degree in
Computer Science from Beijing University of Posts and Telecommunications.

16

11:45 – 13:00
Panel 2 –Responding to Ageing
Ageing is a global phenomenon both in developed and developing economies and the paceof global ageing will be accelerated in the coming decades. What role should insurers playin order to contribute to customers under the era of “100-Year-Life” of average life
expectancy?
・Overview of global ageing and the vulnerability of elderly people
・Insurers’ roles in ageing society from perspectives of 3 Ps (Preparedness,
Prevention and Protection)
・ Innovative technology and the cutting edge knowledge including financial
gerontology
・Policy and regulatory framework that can incentivize self-help actions and better
product provision towards ageing
Moderator

Panelists
Mr. Greig Woodring
Retired President and Chief Executive
Officer, Reinsurance Group of America,Inc.
Ms. Michaela Koller
Director General, Insurance Europe /Mr. Masamichi Kono
Deputy Secretary-General, OECD

Secretary General, Global Federation of
Insurance Associations (GFIA)
Prof. Olivia S. Mitchell
Wharton School of the University ofPennsylvania
Mr. Seiji Inagaki
Chairman, The Life Insurance Associationof Japan (President, The Dai-ichi Life
Insurance Company, Limited)17Moderator
Mr. Masamichi Kono
Deputy Secretary-General, OECD
Mr. Masamichi Kono was appointed Deputy SecretaryGeneral in August 2017. His portfolio includes the strategic
direction of OECD policy on environment, green growth andsustainable development, financial and enterprise affairs,
and anti-corruption. He also represents the OECD at the Financial Stability Board meetings.
His extensive experience in banking regulation has been instrumental in engaging with the
Directorate for Financial and Enterprise Affairs and the financial market sphere.
Mr. Kono has had a long career in financial supervision and the regulation of financial
services, in Japan and globally. He was the Vice Minister for International Affairs of theJapanese Financial Services Agency (JFSA) and President of the Asian Financial
Partnership Center of the JFSA.
He served as Chairman of the International Organization of Securities Commissions (IOSCO)
Technical Committee (April 2011-May 2012), and thereafter as Chairman of the IOSCO
Board (until March 2013). He was also the Co-chair of the Financial Stability Board Regional
Consultative Group for Asia (July 2013-June 2015), and Chairman of the IFRS Foundation
Monitoring Board (February 2013-June 2016).

Panelists
Mr. Greig Woodring
Retired President & CEO,
Reinsurance Group of America (RGA)
Mr. Greig Woodring is the retired President and Chief Executive
Officer of Reinsurance Group of America, Incorporated (RGA).
Prior to assuming the role of President and Chief Executive
Officer of RGA in 1993, he served as Executive Vice PresidentofGeneralAmericanLife

Insurance

GenAmerica Financial L.L.C.) in charge of all reinsurance business.

18

Company(nowHe joined General American in 1979 as an actuary, and assumed responsibility for General
American’s reinsurance business in 1986. Before joining General American, he was an
actuary at United Insurance Company in Chicago. General American’s reinsurance division
led to the formation of RGA, which he led through its initial public offering in May 1993. After
more than 20 years of his leadership, RGA grew to become one of the world’s leading life
reinsurers, with offices in 26 countries and annual revenues of more than $10 billion.
Mr. Greig Woodring is a Fellow of the Society of Actuaries and a Member of the American
Academy of Actuaries. He received a Bachelor of Science (B.S.) degree in mathematics fromthe University of Michigan, two years of post-graduate Mathematics study at the University
of Illinois and an M.B.A. from Washington University in St. Louis.
He is also Chairman of Wamberg Genomics Advisors (WGA); Member of the Board of
Directors, Hartford Insurance Group; Member of the Board of Directors, Keystone Mutual
Insurance; Board Member, The Institutes; Trustee of the Actuarial Foundation (2013-2018);
and Chairman, International Insurance Society (2014-2018).

Ms. Michaela Koller
Director General, Insurance Europe / Secretary
General, Global Federation of Insurance Associations(GFIA)
Ms. Michaela Koller is director general of Insurance Europe, theEuropean insurance and reinsurance federation. She is also
Secretary General of the Global Federation of Insurance
Associations (GFIA).
She has served as a member of various consumer/industry
groups and advisory groups established by the European Commission. She chaired theInsurance and Reinsurance stakeholder group of the European Insurance and Occupational
Pensions Authority (EIOPA) during its first two-and-a-half-year mandate and she was amember of EIOPA’s Occupational Pensions stakeholder group for the last two mandates.
She is currently vice-chair of EIOPA’s Insurance and Reinsurance stakeholder group andtestifies regularly at hearings organised by EU institutions.

19Prof. Olivia S. MitchellInsurance/Risk
Management
andBusiness
Economics/Policy, Wharton School of the University ofPennsylvania
Dr. Olivia S. Mitchell is International Foundation of Employee
Benefit

Plans

Professor;

Professorof

Insurance/Risk

Management/Business Economics/Policy; and Director of thePension Research Council/Boettner Center on Pensions and Retirement Research, all at the
Wharton School of the University of Pennsylvania. She publishes widely on public/private
pensions, insurance, financial literacy, and household finance. She is a NBER Research
Associate; Co-Investigator for the Health & Retirement Study; Executive Board Member for
University of Michigan’s Retirement Research Center; and Independent Director for the Wells
Fargo Fund Trusts. She also sits on UNSW's CEPAR Advisory Board; the Research Advisory
Council for the Sustainable Architecture for Finance in Europe; the Advisory Committee for
HEC Montreal’s Retirement and Savings Institute; SMU’s Centre for Research on Ageing;
and the Financial Economists Roundtable. She received the Fidelity Pyramid Prize; two QGroup Roger F. Murray Prizes; the Premio Internazionale Dell'Istituto Nazionale Delle
Assicurazioni (INA) from the Accademia Nazionale dei Lincei; and the Paul Samuelson
Award from TIAA. Her MA and PhD in Economics are from the University of WisconsinMadison, and her Economics BA with honors from Harvard University. She has also been
awarded honorary Doctorates from the University of St. Gallen and the Goethe University ofFrankfurt.

20

14:30 – 15:45
Panel 3 – Contribution to Building a Resilient Economy
How can insurance industry contribute to building economies that are resilient to climatechange in the context of filling the protection gap and investing in infrastructure projects thatpay due attention to its impact on environment?
・Protection side: Public-private risk sharing, parametric insurance
・Investment side:-Life insurance and infra financing as long term investment-High riskiness and difficulties of infra investment in emerging countries
Moderator

Panelists
Dr. Ceyla Pazarbasioglu
Vice President, Equitable Growth, Financeand Institutions, World Bank
Mr. Kiyoshi Fukuwatari
GeneralRisk

Management

Business, Sompo Risk Management Inc.

Mr. Donald Forgeron
President and CEO, Insurance Bureau of
Canada / Vice President, Global Federationof Insurance Associations (GFIA)Manager,(representing

theGeneralInsurance

Association of Japan)
Prof. Naoyuki Yoshino
Dean, Asian Development Bank Institute /Professor Emeritus, Keio University
Mr. Thomas Leonardi
Executive Vice President, Government
Affairs, Public Policy and Communications,
American International Group, Inc.

21

Moderator
Mr. Donald Forgeron
President and CEO, Insurance Bureau of Canada
IBC’s President and CEO since 2009, Mr. Don Forgeron has a
successful track record of more than 30 years in the property
and casualty (P&C) insurance industry. He has a strong
foundation in the public and private sectors, having worked forAlberta’s Department of Environment and the National
Research Council in Nova Scotia early in his career.
As President and CEO, he works with Canadian governments and key stakeholders to build
a strong, stable P&C industry and a stronger and safer Canada. He is leading a national
conversation with governments and Canadians on the need to adapt to climate change andon the need to better prepare Canada for an earthquake.
He is active internationally on behalf of Canada’s P&C insurance industry to provide input tointernational regulatory bodies. He is a founding member of the Global Federation of
Insurance Associations, serves on the Executive, and leads an international working groupfocused on innovation.

Panelists
Dr. Ceyla Pazarbasioglu
Vice President, World Bank Group
Dr. Ceyla Pazarbasioglu is Vice President, Equitable Growth,
Finance & Institutions at the World Bank Group (WBG) since
October 1, 2018. Prior to taking on this role, she was the SeniorDirector of the WBG Finance, Competitiveness, and Innovation
Global Practice; Senior Adviser in the Finance and Markets
Global Practice; and the Global Lead for the Financial Sector Oversight and Policy and Bank
Regulation and Restructuring areas. Before joining the Bank, she was Deputy Director at theMonetary and Capital Markets Department of the International Monetary Fund (IMF), where
she oversaw the work on financial sector regulation and supervision, and crisis prevention
and management.
22

In 2001, Dr. Pazarbasioglu joined the crisis management team in Turkey that designed andimplemented macroeconomic and structural reforms. She was subsequently appointed Vice
President of the Banking Regulation and Supervision Agency of Turkey. Between 1998 and2001, she worked as the Chief Economist of Emerging European Markets at ABN AMRO
Investment Bank in London.
A Turkish national, she holds a PhD in economics from Georgetown University and was avisiting scholar at Princeton University. She is a certified Securities and Financial Derivatives
Representative. Throughout her career, she has authored and published several books andtechnical papers that have been featured in international journals and publications.

Mr. Kiyoshi Fukuwatari
General Manager (Representing the GIAJ), Sompo
Risk Management Inc.
In 1988, Mr. Kiyoshi Fukuwatari joined Yasuda Fire & Marine
Insurance Company Inc. (Currently Sompo Japan Nipponkoa
Insurance Inc.). His work experience are, 2 years at
International Investment Department, 12 years at Insurance
Sale Department (Underwriting work to Construction, Energy & Gas, Trading, and Nonferrous Metal Manufacture Sectors), 3 years at National Institute for Environmental Studies(Ministry of the Environment, Government of Japan), 5 years at Global Environment Officeor CSR & Environment Office, and 9 years at Risk Management organization. He has been
involved in the Disaster Risk Finance and the Weather Index Insurance project or study for
10 years which was funded by JBIC, JICA, or Japanese Government.

23

Prof. Naoyuki Yoshino
Dean & CEO, Asian Development Bank Institute (ADBI) /Professor Emeritus, Keio University
Dr. Naoyuki Yoshino is Dean & CEO of the Asian Development
Bank Institute (ADB Institute); Professor Emeritus of Keio
University, in Tokyo, Japan; and Senior Adviser at the Japan
Financial Services Agency’s (FSA) Financial Research Center (FSA Institute). He obtained
his PhD from Johns Hopkins University, where his thesis supervisor was Sir Alan Walters(who was Margaret Thatcher’s Economic Adviser). He was a visiting scholar at theMassachusetts Institute of Technology (United States) and has been a visiting professor atvarious universities including the University of New South Wales (Australia), Fondation
Nationale des Sciences Politiques (France), University of Gothenburg (Sweden) and Martin
Luther University of Halle-Wittenberg (Germany). He was an Assistant Professor at the State
University of New York and an Economics Professor at Keio University from 1990 to 2014.
He was appointed board of the Financial Planning Standards Board in 2007, and also served
as chairperson of the Japanese Ministry of Finance’s council on Foreign Exchange and its
Fiscal System Council (Fiscal Investment and Loan Program Section). He was also a board
member of the Deposit Insurance Corporation of Japan, chairperson of the Meeting ofJapanese Government Bond Investors (Ministry of Finance) and was President of the
Financial System Council of the Government of Japan. He was conferred honorary
doctorates by the University of Gothenburg (Sweden) in 2004 and by Martin Luther Universityof Halle-Wittenberg (Germany) in 2013; he also received the Fukuzawa Award from Keio
University for his contribution to academic research in 2013.

Mr. Thomas Benedict Leonardi
Executive Vice President, Government Affairs, Public
Policy, and Communications, AIG
Prior to joining AIG, Mr. Leonardi was a Senior Advisor to Evercore
where he advised AIG, New York Life, Ambac, Atlas Merchant
Capital, Prudential Financial, The Travelers Companies, Mass
Mutual and The Hartford. Prior to Evercore, Mr. Leonardi was
Commissioner of the Connecticut Insurance Department, amember of the Executive Committee of both the NAIC and the24

IAIS, a member of the US Treasury's FACI and the World Economic Forum's Global Council
on Insurance and Asset Management. For 22 years prior to his appointment as
Commissioner, Mr. Leonardi was Chairman and CEO of Northington Partners Inc. Prior tothat, he was head of Investment Banking and Venture Capital at Conning & Company,
President of Beneficial Corporation's insurance subsidiaries and a litigation attorney inConnecticut. He was graduated from Boston University with distinction in History, summa
cum laude and Phi Beta Kappa and received his Juris Doctor with honors from the Universityof Connecticut School of Law.

25

16:15 – 17:30
Panel 4 – International Insurance Regulatory Framework fromthe perspective of Ageing and Building a Resilient Economy
Review the international insurance regulatory standards from the perspective of items raisedin session 1 to 3 and discuss directions of future design or improvement of the standards
・ Regulatory/supervisory framework that neither impedes responding to ageing nor
disincentivizes building a resilient economy
・Appropriate insurance regulation and supervision enabling digital technology to be utilized
to help cope with cognitive deterioration and not in a way that excludes or unfairly
discriminates
Moderator

Panelists
Mr. Andrew Bulley
Partrner,

Deloitte

EMEA

CentreforRegulatory Strategy, Deloitte LLP
Mr. Bryan Pickel
Vice

President

&

Head,

International

Regulatory Affairs, Prudential Financial Inc.
Mr. Jonathan Dixon
Secretary General, International
Association of Insurance Supervisors(IAIS)

Ms. Chlora Lindley-Myers
Director, Missouri Department of Insurance
Mr. Hiroshi Ota
Deputy Commissioner for International
Affairs, Japan Financial Services Agency
Dr. Manuela Zweimueller
Head of Policy Department, European
Insurance and Occupational Pensions
Authority (EIOPA)
Mr. Thomas Wilson
Chief Risk Officer, Allianz SE

26

Moderator
Mr. Jonathan Dixon
Secretary General, International Association of Insurance
Supervisors (IAIS)
Mr. Jonathan Dixon is Secretary General of the International
Association of Insurance Supervisors (IAIS), with effect from 3
November 2017.
Prior to becoming Secretary General, Mr. Dixon had a longassociation with the IAIS, having been a member of the IAIS
Executive Committee since 2009 and Chair of its Implementation Committee since 2012. Healso chaired the Governing Council of the Access to Insurance Initiative (A2ii), a joint initiativeof the IAIS and development partners aimed at strengthening responsible and inclusive
insurance.
Prior to joining the IAIS, Mr. Dixon was Deputy Executive Officer at the Financial Services
Board of South Africa, with responsibility for insurance regulation and supervision. He wasappointed to this position by the Minister of Finance in 2008. Before that he worked for 10
years for the National Treasury of South Africa on economic and financial sector policy issues.
Mr. Dixon has a Master of Science in Economics from the London School of Economics.

Panelists
Mr. Andrew BulleyPartner, Deloitte EMEA Centre for Regulatory
Strategy, Deloitte LLP
Mr. Andrew Bulley joined Deloitte in October 2016 fromthe Bank of England, where he was, most recently, theDirector of Life Insurance Supervision. Between 2014 and2016 he was a UK voting member of the Board of Supervisors of the European Insurance
and Occupational Pensions Authority (“EIOPA”). In a career with the Bank of England and
Financial Services Authority stretching over 27 years, he has held senior roles in the
supervision of life and general insurers, the London wholesale insurance underwriting andbroking markets, retail and investment banks, asset managers, and IFAs.
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Mr. Bryan Pickel
Vice President & Head, International Regulatory Affairs,
Prudential Financial Inc.
Mr. Bryan Pickel has worked for Prudential Financial since 1993.
In April 2008, he was appointed to his current position atPrudential, which is the first of its kind in the Company. He is
responsible for leading the Company’s efforts on global regulatory
standard setting and international public policy matters inPrudential’s international markets and the U.S. He is based inPrudential’s Newark, New Jersey global headquarters.
Mr. Pickel currently serves as Prudential’s representative on the American Council of Life
Insurers’ International Markets and Trade Committee and Chairs the organization’s Global
Regulatory Strategy Group. He also serves as Prudential Chairman and CEO, Charlie
Lowrey's Associate to the Geneva Association. In addition, he is the Company’s lead
representative to the Insurance Regulatory Committee of the Institute for International
Finance.
Prior to his current role, Mr. Pickel held various management positions throughout theCompany, most recently as a tax, international trade and retirement advocacy professional
in Prudential’s Washington, DC office.
He holds a bachelors degree in political science (1993) from Fairfield University in Fairfield,
Connecticut. He and his wife and their three children reside in Union County, New Jersey.

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Ms. Chlora Lindley-Myers
Director, Missouri Department of Insurance
Ms. Chlora Lindley-Myers was appointed director of the Missouri
Department of Insurance, Financial Institutions and Professional
Registration on March 6, 2017. She was confirmed by the
Missouri Senate on April 13, 2017. She leads the department that
protects consumers and ensures a strong and stable insurance
market through the regulation of professionals and businesses
that impact Missourians' lives daily.
She has served in several senior positions in the legislative, judicial and executive branchesof government. She has also served in leadership roles in the regulatory and insurance
industries, as well as within the National Association of Insurance Commissioners (NAIC).
At the Tennessee Department of Commerce and Insurance, she oversaw the Insurance,
Securities, Tennessee Law Enforcement Academy, TennCare Oversight divisions as well as
the Human Resources and Legislative functions. She served, in Kansas City, as the Directorof Consumer Protection and Anti-Fraud Division of the NAIC, and as Chief Compliance
Officer of Examinations for the Kentucky Department of Insurance, where she was
responsible for the administration and oversight of market conduct examinations.
She also served as the Property and Casualty Section Chief for the Missouri Department of
Insurance, where she was responsible for regulating all of the property and casualty
insurance forms, rates, filings and policies issued in the state.
She holds an undergraduate degree from Mount Holyoke College in Massachusetts and alaw degree from the University of Connecticut. She is licensed to practice law in various
states, including Missouri. She has received national recognition for her work. As the Deputy
Commissioner of Tennessee’s Department of Commerce and Insurance, she was awarded
the Robert Dineen Award for Outstanding Service and Contribution to the State Regulationof Insurance.
Ms. Lindley-Myers currently serves as the Chair of the NAIC Market Regulation andConsumer Affairs (D) Committee, Chair of the NAIC Reinsurance E Task Force, Vice-Chairof the NAIC Market Information Systems (D) Task Force, Chair of the Midwest Zone, andTreasurer of the Interstate Insurance Product Regulation Commission (IIPRC).

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Mr. Hiroshi Ota
Deputy Commissioner for International Affairs, Japan
Financial Services Agency
Mr. Hiroshi Ota joined the Financial Services Agency of Japanin July 2016 as Assistant Commissioner for International Affairs,
then became Deputy Commissioner for International Affairs in
December 2016. His main responsibility covers insurance regulatory issues from aninternational perspective. Since November 2016, he has been serving as Japan’s
representative on the International Association of Insurance Supervisors’ (IAIS) Executive
Committee, the Policy Development Committee, the Macroprudential Committee, and is covice chair of the IAIS Executive Committee.
Mr. Ota started his career at the Bank of Japan in 1992 and spent most of his time in banksupervision. He represented the bank at the Accounting Task Force and the Liquidity Working
Group of Basel Committee of Banking Supervision, and then formed part of the off-sitemonitoring group in charge of foreign banks in Japan. He led the group from 2011 to 2013,
following which he served as the Chief Representative at the bank’s representative office inParis until he took his current position.

Dr. Manuela Zweimueller
Head of Policy Department, European Insurance andOccupational Pensions Authority (EIOPA)
Dr. Manuela Zweimueller is Head of the Policy Department. She
is responsible for EIOPA’s regulatory and policy tasks ininsurance and pensions. Furthermore, she represents EIOPA ininternational affairs. She is a member of the Policy Development
Committee (PDC) of the International Association of Insurance
Supervisors (IAIS) and EIOPA’s alternate representative on the
IAIS Executive Committee (ExCo). Key projects under her
guidance at EIOPA were the creation of a separate class of infrastructure investments under
Solvency II and the policy development of the Pan-European Personal Pensions product(PEPP). She is currently leading the implementation monitoring of the EU US Covered
Agreement from the EU side.

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Prior to joining EIOPA in 2011, she worked for more than 15 years in the (re)insurance
industry, in various senior management positions and international assignments, such as
Managing Director of Munich RE’s Branch Office in Paris, overseeing the Solvency II
implementation at ERGO International and chairing the Risk Management Forum of Munich
RE’s London entities. She was also responsible for accumulation control and cross-balance
sheet Catastrophe scenarios such as pandemic, terrorism and climate-related disasters. She
has extensive experience in sustainable finance from both, an investment and underwriting
perspective, and with initiatives aiming to close the protection gap. In 2007, she chaired theEmerging Risks Initiative of the Chief Risk Officers (CRO) Forum. At Allianz, she focussed
on industrial business, including innovative technologies such as genetic engineering, green
energy and IT-related threats such as identity theft and software attacks.
She holds a PhD in Biochemistry and a Certificate in Economics for Scientists from the
University of Hagen.

Mr. Thomas Wilson
Chief Risk Officer, Allianz SE
Mr. Thomas Wilson is Chief Risk Officer at Allianz Group,
responsible for all of Allianz’s global insurance and asset
management businesses. Prior to joining Allianz in 2008, he was
the Chief Risk Officer for ING Insurance, joining in 2005; Global
Head, Finance & Risk Practice at Oliver Wyman & Company (aconsulting firm specializing in serving financial services firms in risk,
strategy and organization) joining in 2002; CFO of Swiss Re New Markets joining in 1998
(responsible for the risk management, financial / management reporting, treasury and backoffice operations for the alternative risk transfer and capital markets activities of Swiss Re);
and, Global Head, Risk Management Practice, at McKinsey & Company, joining in 1990.
He is widely published and is the author of Value and Capital Management: A Handbook for
the Finance and Risk Functions of Financial Institutions published in the Wiley Finance
Series. Publications of his book translated into Chinese, Korean and Japanese areforthcoming.
He has spent most of his professional career in Europe, having lived and worked in Munich,
Amsterdam, New York, London and Zurich. He earned his BSc in Business Administration
with honors from the University of California at Berkeley and his PhD in Economics from
Stanford University. He is a dual American/Swiss citizen.
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17:30 – 17:35
Closing remarks
Mr. Arias Recaredo
Director General, Mexican Association of Insurance
Companies
Mr. Recaredo Arias was General Director of Aseguradora
Cuauhtémoc from 1992 to 1993, Deputy Managing Director of
Banca Cremi until 1994 and then General Director of Seguros La
Territorial until 2001. From 2008 to 2012, he was secretary generalof the Inter-American Federation of Insurance Companies (FIDES).
Additionally, he was vice president of the Global Federation of
Insurance Associations (GFIA) from 2012 to 2018, and at the same time, he chaired the
Financial Inclusion Working Group of GFIA. Since 2003 he has been Director General of
AMIS and since 2018 President of the Global Federation of Insurance Associations (GFIA).

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