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THINK ASIA DECEMBER 2018 A Pacific Life Re Asia Publication
THINK ASIA
DECEMBER 2018
A Pacific Life Re Asia Publication
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Letter from the MD
As the year draws to a close, here’s a brief update of key milestones for Pacific Life Re in 2018 and what you can expect from us in 2019.
Perhaps the most significant event was the conclusion of the year-long celebrations commemorating the 150th anniversary of our parent company, Pacific Life. On behalf of my team, I’d like to extend my sincere thanks for all your well-wishes and support in celebrating such a momentous occasion.
On the business front, we have been actively collaborating with new partners across the insurance value chain, all with the aim of strengthening our proposition to clients. We recently inked a partnership with the text mining unit of The University of Manchester in a collaboration that will further automate the new business
process, and with Hong Kong-based technology company, P9 in an exclusive arrangement which will aim to deliver improved customer engagement.
Closer to home, our technology company, UnderwriteMe, has been gaining steady momentum in Singapore. Watch this space for further news of insurers signing up to use UnderwriteMe in the near future.
We have an aggressive growth plan for our Asia Business Unit in the coming year, and in anticipation of that, we have been hiring actively and our team has grown by almost one quarter to ensure that we provide the highest levels of service to our clients. I’m pleased to share that we have recently moved from Shenton Way to Cecil Street, a much bigger office space to accommodate our growing business. Feel free to drop by and say hello if you’re in the area.
We’ve lots more planned for 2019, and we will be sharing more updates on our LinkedIn page as the year progresses.
On behalf of all at Pacific Life Re Asia, I want to thank you for your strong support over the past year. I would personally like to wish you a prosperous 2019 and an enjoyable festive period. I look forward to working with you during the year ahead.
Alex KingManaging DirectorPacific Life Re Asia
Best regards
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there’s no place like(a new)home
We are now located at
182 Cecil Street#07-01/02 Frasers Tower
Singapore 069547
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Reconnect.
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Celebrating Pacific Life’s 150th anniversary
To continue with the festivities commemorating the 150th anniversary of our parent company, Pacific Life, we were pleased to have recently hosted receptions in Singapore, Malaysia, and China, rounding off the year-long celebrations which included Thailand and Korea earlier this year. Thanks to those who took time off to attend the receptions and we look forward to your continuous support in the years ahead.
Reconnect.Reconnect.
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150th Anniversary Reception: Singapore
Reconnect.Reconnect.
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150th Anniversary Reception: Kuala Lumpur, Malaysia
Reconnect.
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Seminar & 150th Anniversary Reception: Chengdu, P.R. China
Reconnect.
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Reimagine.
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Pacific Life Re & UnderwriteMe collaborate with the National Centre for Text Mining
At Pacific Life Re, we are committed to making life and health insurance products simple
for consumers to buy. To support our commitment, we will be working with UnderwriteMe,
our technology company and the National Centre for Text Mining (NaCTeM) at the
University of Manchester, to develop a system that uses artificial intelligence and text
mining to process unstructured medical data, such as doctor reports on life and health
insurance applicants and claimants. To learn more, please click here.
Designing an interactive insurance customer journey with P9
We are always on the lookout for new ways to engage the modern-day consumer. To this
end, we have collaborated with Hong Kong-based tech company, P9 Ltd. This partnership
focuses on the development of an interactive insurance customer journey which provide
education of life’s risks, conveniently accessible solutions and simple fulfilment. On top
of that, customers will be able to personalise their experience and influence the nature of
generic and risk education information provided to them. Read more here.
Reimagine.
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Rethink.
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Review.
Wesley Cui offers some insights as to why Pacific Life Re decided to enter the Chinese market and shares his thoughts on where our competitive advantage lies in China.
Pacific Life Re in China
Click on the thumbnails below to view each video.
Internships in the Actuarial world are crucial to setting yourself apart from the competition as well as working out which path to take. Here, Brandon Kobayashi shares his experience.
Internships in the Actuarial world
We are always pursuing personalised, bespoke solutions for our clients. David Wright shares where he views opportunities in the Asia market, how the customer experience can be further improved and how the industry can increase awareness and engagement with their customers.
Product development in Asia
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RecentAppointments.
Daniel KangHead of Korea
Steven VisvalingamHead of Actuarial Reporting
In this role, Daniel will be responsible for driving and developing Pacific Life Re’s business in Korea. He has over 20 years of experience in the financial services industry, having been involved in strategy, marketing, and product roles across Sydney, Hong Kong, Amsterdam, China, and most recently, Korea.
Steven is responsible for actuarial reporting in the Asia Business Unit, encompassing US GAAP, Solvency II, Economic Capital, IFRS together with local Statutory and GAAP reporting for the Singapore and Korea branches. He also assists in the unit’s business planning and capital management. His prior experience spans across the life and general insurance industries, both in statutory and senior management roles.
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LookingAhead.
What you can expect from us in 2019
More thought leadership articles &
videos
And many more!
Pacific Life Re new office opening welcome party
Localised Southeast Asia client seminars
More client social sessions
For more information about Pacific Life Re,
please visit our website www.pacificlifere.com,
follow us on LinkedIn or contact —
Pacific Life Re Limited (No. 825110) is registered in England and Wales and has its registered office at Tower Bridge House, St Katharine’s Way, London, E1W 1BA. Pacific Life Re Limited is authorised and regulated by the Financial Conduct Authority and Prudential Regulatory Authority in the United Kingdom (Reference Number 202620). The material contained in this newsletter is for information purposes only. Pacific Life Re gives no assurance as to the completeness or accuracy of such material and accepts no responsibility for loss occasioned to any person acting or refraining from acting on the basis of such material.
©2018 Pacific Life Re Limited. All rights reserved.
PLREEXTNEWS1218
SINGAPORE
Jolene LohHead of Business DevelopmentT: +65 6311 5411E: [email protected]
SHANGHAI
Vivian WeiRepresentative (China)T: +86 21 6062 7200E: [email protected]
SEOUL
Daniel KangHead of KoreaT: +82 2 6226 7500E: [email protected]
TOKYO
Hideki ShiinaRepresentative (Japan)T: +813 5220 1491E: [email protected]
