Innovation and Industry Transformation

IIS 52nd Annual Global Insurance Forum

June 12th - 15th, 2016

Shangri-La Hotel Singapore


Opening Ceremony

President and Chief Executive Officer, International Insurance Society, USA

Michael J. Morrissey is President and Chief Executive Officer of the International Insurance Society. The IIS is the largest and most diverse organization of the global insurance industry. Its members are insurance company executives, scholars and regulators from nearly 100 countries, who share their diverse knowledge and perspectives to study the forces driving growth and innovation in the industry.


For 15 years before being appointed CEO, Mike was an active IIS member while Chairman and Chief Executive of Firemark Investments. He was also Chief Investment Officer of Firemark, an SEC Registered Investment Advisor, investing in insurance companies globally and advising insurance company managements, regulators and public institutions around the world. He is currently a member of the Board of Directors of Selective Insurance Group, Inc., is Chairman of its Finance Committee and a member of its Executive Committee.


Mike is a member of the Board of Overseers of the St. John’s University School of Risk Management. He is a senior advisor to the United Nations on the insurance industry. He is a member of the World Economic Forum’s global council on Insurance and Asset Management. Mike is also an insurance working group member of the National Bureau of Economic Research, a special advisor to the Asia Pacific Financial Forum, and a member of the Board of Governors of the Asia Pacific Financial Forum.



Mike was formerly President of Manhattan Life Insurance Company, and Executive Vice President of Crum & Forster Insurance Group. He holds a B.A. From Boston College, an MBA from Dartmouth, and has completed the Harvard Business School Corporate Finance Program. He is also a Chartered Financial Analyst and former President of the Association of Insurance and Financial Analysts.


Welcome Address

Deputy Prime Minister and Coordinating Minister for Economic and Social Policies, and Chairman of Monetary Authority of Singapore

Tharman has served as Deputy Prime Minister in the Singapore Cabinet since May 2011. He was also appointed Coordinating Minister for Economic and Social Policies on 1 Oct 2015. He is in addition Chairman of the Monetary Authority of Singapore (MAS), Singapore’s central bank and financial regulator.


He was appointed by his international peers as Chairman of the International Monetary and Financial Committee (IMFC), the key policy forum of the IMF, for an extended period of four years from March 2011, and was its first Asian chair.

Among his current responsibilities, he leads the SkillsFuture initiative, which seeks to build the skills of the future among Singaporeans, and empower them to learn at every stage of life.


He has spent his career in public service, in roles mainly around economic policy and education. He served as Minister for Finance for eight years, from Dec 2007 to Sep 2015. He was Minister for Education for five years, from 2003-2008. He spent much of his earlier professional life at the MAS, where he was the Managing Director before entering politics in 2001.


He did his schooling in Singapore, before studying at the London School of Economics and Cambridge University for undergraduate and masters degrees in Economics. He later obtained a masters in Public Administration at Harvard University, where he was named a Lucius N Littauer Fellow.


Welcome Address: Smart Nation

Chief Executive Officer, SG Innovate, Singapore

Mr Steve Leonard is a technology-industry leader with a wide range of experiences, having played key roles in building several global technology companies in Software, Hardware and Services. In his current role as Chief Executive of SG Innovate, Mr Leonard has been chartered to help translate some of the early tech R&D innovations that Singapore has gained a global reputation for, into commercial success by connecting them with the relevant industry corporates, start-ups and funds across sectors such as Digital Tech, FinTech, CleanTech and MedTech.


Prior to his current role, Mr Leonard served as the Executive Deputy Chairman of the Infocomm Development Authority of Singapore (IDA) within the Singapore Government, focusing on further developing the Smart Nation vision for the nation.


Prior to joining IDA, Mr Leonard served as President of EMC Asia Pacific and Japan for six years, and as President of Asia Pacific and Japan for Symantec/Veritas Software for three years. Mr Leonard also spent 18 years with EDS, where he led various European and Asian operations for the majority of that period.


He is married with three children; he and his family have lived in Singapore for more than 16 years.


Global Leadership Panel: Innovation and Industry Transformation

Special Address: Insurance and Big Data: Execution Imperative

President and Chief Executive Officer, ACORD, USA

Prior to joining ACORD, Mr. Pieroni served as the Global Chief Operating Officer of Marsh and was responsible for the firm’s global operations. Additionally, he was the Chief Technology and Transformation Officer across the Risk and Insurance Segment. He has significant experience in the insurance industry and a proven track record in helping to facilitate improvements in a sustainable manner across a variety of organizations.


Before joining Marsh, Mr. Pieroni was Senior Vice President and part of the Office of the Chairman at State Farm. Prior to that, he served as Aon’s Senior Vice President and Global Chief Information Officer with global responsibility for operations across retail, wholesale and reinsurance brokerage. His extensive insurance and financial services background also includes General Manager of IBM’s insurance business, a partner at Accenture and consultant with McKinsey & Company.


Mr. Pieroni earned his Bachelor of Science in accounting with University Honors & Distinction from the University of Illinois. He also received his M.B.A. with Highest Distinction, and was named a Baker Scholar from Harvard University School of Business Administration.


Shin Research: Re-engineering the Insurance Industry for Innovation in Emerging Markets

Associate Professor of Insurance and Risk Management, University of Houston-Downtown, USA

Pamela R. Hurley, Ph.D. joined the University of Houston-Downtown insurance and risk management faculty during the fall of 2013. Dr. Hurley is an Associate Professor of Insurance and Risk Management. She earned her Ph.D. from Rensselaer Polytechnic Institute in Finance and her MBA with a concentration in financial technology. She holds a dual B.S. in finance and risk management and insurance with a minor in French from the University of South Carolina Honors College. Her initial post- doctoral position was the manager of quantitative analysis and head of portfolio risk at MCP, a NY hedge fund. Her full-time academic career commenced in 2006 at Utica College. She developed all aspects of the Risk Management and Insurance Program at Utica College. She was also previously employed by AYCO Company, a Goldman Sachs Company, as a financial consultant. She has published in the Journal of Business Research, Journal of Applied Financial Research, the Journal of Applied Risk Management and Insurance, Risk and Insurance Management Society, and the Journal of Accounting, Taxation, and Finance for Business. She has presented papers at academic conferences including ARIA and ABR; earning several best paper awards. Pamela’s areas of research and academic interests are valuation of innovative high risk technologies, insurance, international risk and finance, catastrophe modeling, risk management, risk engineering, financial planning, and derivatives for risk management.


Executive Panel: Strategies for Success in an Era of Disruptive Innovation

Executive Panel: Disruptive Innovators

Executive Panel: The New Normal for Insurance in a Smart World: Embracing Big Data & Digital

IIS Speaker Series

Chief Operating Officer, RGA Reinsurance Group, USA

Donna H. Kinnaird, Senior Executive Vice President and Chief Operating Officer of Reinsurance Group of America, Incorporated (RGA), leads RGA’s global and corporate functions, including Global Accounts. She is also responsible for initiatives aimed at new expansion opportunities. She is a member of RGA’s Executive Council.


Donna, who joined RGA in April 2012, has more than two decades of strategic leadership experience with major global life insurance organizations as well as a strong background in life insurance acquisitions. Before coming to RGA, she was President of Swiss Re Life and Health America Inc. and President and Chief Executive Officer of its Reassure America Life Insurance Company. She also has held Chief Financial Officer and Chief Operating Officer roles in life insurance companies.


She received a Bachelor of Science (B.S.) degree in Accounting from Indiana State University, and an M.B.A. from Butler University. Active with industry associations, Donna has served on the board of the American Council of Life Insurers (ACLI) and was Chairman of the ACLI’s Executive Round Table and Chairman of the ACLI’s Governance Committee. She also was a member of the ACLI’s CEO steering committees for Financial Services, Retirement and Security, and of its Executive Task Force on Global Solvency. Donna currently serves on the board of LL Global (LIMRA/LOMA) and is Chairman of LL Global’s Audit Committee. She is a member of the American Institute of Certified Public Accountants.


Shin Research: Climate Cost of Cultivation

Director Climate Change Program, Micro Insurance Academy, India

Professional Experience

2010 2016

The Micro Insurance Academy (MIA), New Delhi, placed by CIM/GIZ (German Development Cooperation):

Director – Climate Change Program (since February 2015),
Project Leader
– Climate Change Program (January 2012 – January 2015), Actuarial Analyst (November 2010 – December 2011),
Integrated Expert CIM/GIZ (since September 2010)


  • Leading the multi-year project “Enhancing resilience of climate vulnerable communities through pro-poor microinsurance” (Funding: 3 million CHF for 5 years by the Swiss Agency for Development and Cooperation (SDC)):
    • Defining the project strategy on the implementation of climate-related microinsurance covering health, crop, livestock and natural catastrophe risks
    • Guiding research activities related to climate change impacts and risk quantification
    • Leading the product design for agricultural and livestock risks
    • Leading the implementation team in Delhi and the field staff in two intervention areas in rural India (14 team members in Delhi, 20 field staff at the implementation sites)
    • Directing activities of project consortium partners and personnel to ensure the project progresses on schedule and within prescribed budget
  • Developing pricing models for microinsurance (health, agriculture, livestock)

  • Consultancy for clients of MIA

    • Leading project on client insurance awareness, demand and satisfaction for Allianz and GIZ

    • Reviewing the Index-Based Livestock Index (IBLI) project of the International Livestock Research Institute (ILRI) in Kenya

    • Reviewing the status of microinsurance in Malawi for the Malawi Ministry of Agriculture

  • Liaising with senior members of insurance companies, donors, field partners, research partners

  • Fundraising / proposal writing


2008 2010

Dr. Nagler & Company, Berlin/Frankfurt, Germany

Consultant (July 2008 – August 2010)

Business analyst in risk management for internationally operating German banks in Frankfurt:


  • Working in credit risk related projects: analysis, conception, monitoring of implementation

  • Analyzing business processes

  • Working with capital market products

  • Developing and implementing an asset liability management model based on portfolio replication, interest rate and customer behavioral models, Monte-Carlo simulations (internal project)

  • Supporting in recruiting


1999 2008

Free University Berlin, Germany

Scientific Assistant (September 2003 – June 2008)

Working within the collaborative research center “Complex Nonlinear Processes”


  • Researching in an international atmosphere
  • Lecturing at international conferences


Scientific Tutor (July 2003 – September 2003)

Supporting the Chair of Mathematics


Scientist in a university collaboration (October 2001 – March 2002)

Collaborating with the pharmaceutical Bayer AG on the project "Heterogenic Hybrid Modeling of Process Engineering"


Lecturing Tutor (October 1999 – April 2001)

Providing tutorials for students


Executive Panel: Insurance Development Forum

Global Reinsurance Panel: Changing Risk Environment

Executive Panel: The Buyers’ Perspective

Executive Panel: Innovations in Healthcare to Meet Global Demand

Executive Panel: Radical Reinvention of Life & Pensions

IIS Research Network: Research Briefing

Professor in International Insurance and Risk Management, School of Risk Management, St. John’s University, USA

Jean Kwon
Edwin A.G. Manton Endowed Chair Professor in International Insurance and Risk Management School of Risk Management
St. John’s University


Professor Kwon holds the Edwin A.G. Manton Endowed Chair Professorship in International Insurance and Risk Management, and teaches and conducts research at the School of Risk Management (SRM), St. John’s University, New York. Besides, he assists the International Insurance Society (and the Research Network), works with SRM’s Center for the Study of Insurance Regulation and is Editor of the Asia-Pacific Journal of Risk and Insurance []. He has authored several books, actively publishes academic and policy-related papers, and speaks at various conferences for private and public sector audiences. He visits overseas universities and institutions.


He specializes in insurance market and country analysis, insurer financial and operational analysis, insurance regulation and human capital issues in insurance markets. Prior to joining the SRM, he worked, among others, as an educator with Georgia State University (US) and Nanyang Technological University (Singapore), as an insurance regulator with Monetary Authority of Singapore and as an industry specialist with the Institutes. He helped to establish the Asia-Pacific Risk and Insurance Association (APRIA) in 1997, found the World Risk and Insurance Economics Congress (WRIEC) in 2005, and build the Research Network (a consortium of 20+ research centers in risk and insurance worldwide) of the International Insurance Society. He also maintains working relationships with Singapore College of Insurance, the OECD, Financial Accreditation Agency (Malaysia), Waseda University (Japan), Networks Financial Institute (US) and many other regional and global institutions.


Professor Kwon earned his MBA from the College of Insurance (now the SRM) and Ph.D. from Georgia State University. He holds a Chartered Property Casualty Underwriter (CPCU) designation and is listed as a Fulbright Insurance Specialist.



Special Address: Cyber Security in ASEAN

Chief Executive Officer, CyberSecurity Malaysia, Malaysia

Executive Panel: Cyber Risks and Opportunities

Special Address: Global Cyber Security

Advisor, Cyber Risk Marketplace, USA

Executive Panel: Investment Strategies & Long Term Savings

Executive Panel: Rise of ASEAN

Executive Panel: Regulation Framework for Market Development

Executive Panel: The Rise of the Interconnected Insurer

Survey: Cyber

Emeritus President, Former President and CEO, ACORD, USA

Gregory A. Maciag is President and Chief Executive Officer of ACORD, the insurance industry’s nonprofit Standards Development Organization. He joined ACORD in 1977 and served in various roles prior to being appointed President in 1994. Mr. Maciag led the expansion of ACORD from its origins in U.S. Property & Casualty forms to its current status as a world-class data standards organization serving all lines of business across global markets.


Mr. Maciag is the author of two books: The Real-Time World, published in 2009, and The Business Information Revolution, published in 2005. He blogs about ACORD at, writes a monthly Tech Focus article for London-based Insurance Day magazine and contributes to other publications.


Tech Decisions magazine named Mr. Maciag one of the “Ten People You Need to Know in Insurance” in 2000. He accepted Insurance Day awards from the London Market for ACORD in 2003 and 2004. He received the Wade S. Dunbar Jr. Award for significant contributions to insurance industry automation from NetVU in 2005, and was listed as one of the “100 Most Powerful People in the Insurance Industry” by Insurance Newscast in 2011. In 2012 he was recognized as #12 on the list of the “Top 25 Living Legends of Insurance” by PropertyCasualty


Mr. Maciag is the principal advocate for the industry standards that have become increasingly essential in today’s digital world. He and his staff work with thousands of firms around the world to support system interoperability across platforms.