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					Allianz SE Reinsurance Branch Asia Pacific

Life Matters!   issue 1 l 2007 l February

Microinsurance – Doing Good Business

Metabolic Syndrome Explained

Meet the Life and Health Team

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                                                                                                                                             issue 1 l 2007 l Febuary

 Up Front
                                                         and energy. We are fortunate to live in a growing       here in Singapore and we are delighted to
                                                         region, which has its challenges but these are          welcome them to the team. In case you are
                                                         surely outweighed by the many opportunities.            now confused as to who is who, we present an
                                                            On the regulatory side, a number of countries        overview of the whole team including some
                                                         in the region have recently or will soon                biographies in this edition. We also include
                                                         introduce and strengthen solvency frameworks.           articles on Microinsurance, a fascinating
                                                         It behooves us to work closely with our                 development, but not without its challenges,
                                                         regulators to ensure the final view is balanced,        and the risks and assessments associated with
                                                         practical and leaves the industry in better             Metabolic Syndrome.
                                                         shape to tackle the future. There have already            As you can see, we have decided to make
                                                         been a few important mergers announced in               the move into the electronic age with a new
  Dear friends                                           our “patch” this year, and 2007 is not even two         format, which will save paper and make the
                                                         months old. In principle, these should be good          distribution more timely and easier – I hope

  T    he Chinese Year of the Golden (or Fire) Pig,
       which only occurs once every 60 years, is
  supposed to bring much prosperity and good
                                                         news, leaving larger, more sophisticated and
                                                         presumably stronger companies competing
                                                         in the life insurance arena. With respect to
                                                                                                                 you enjoy it.

                                                                                                                 With every best wish for 2007,
  fortune. I would like to take this opportunity to      products, the investment markets had a strong
  wish our Chinese friends a prosperous Chinese          year in 2006 which may not continue through             Yours truly
  New Year and on this happy occasion, I am              2007. As a life and health reinsurer, we still see
  delighted to welcome you to a new edition of           many opportunities to grow the protection
  Life Matters!                                          market – the “protection gap” is still enormous
    As most of us are still counting the final score     in most countries.                                      Duncan Lord
  for 2006 and closing our files on what was by            It has been some time since we last went
  most accounts a good year for the insurance            to print with Life Matters!, so there are a few
                                                                                                                                                  General Manager
  industry in the Asia Pacific region, we are also       changes to catch up on. We have had a number                                        Life & Health Division
  looking forward to a new year with excitement          of new additions to our Life & Health Division                           *

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                                                                                                                                                       issue 1 l 2007 l Febuary

  1 Up Front                                                  4 Metabolic Syndrome Explained
                                                                                                                           Key International Conferences in 2007
    A welcome message by Duncan Lord                            Get to know more about Metabolic Syndrome,
    page 2                                                      the risk factors associated with it, prevalence,           • LOMA International Underwriting
                                                                                                                             Congress (IUC), Shanghai, China –
                                                                treatment and underwriting considerations.
                                                                                                                             18 to 21 March 2007
                                                                page 6-9
  2 Microinsurance – Doing Good Business                                                                                   • South East Asia Health Insurance Conference,
                                                                                                                             Singapore – 30 July to 3 August 2007
    Have you heard of Microinsurance? We have
    an expert in this field to share his experience           5 Meet the Life and Health Team                              • East Asian Actuarial Conference (EAAC),
    with you.                                                   We present you with an overview of the entire                Tokyo, Japan – 9 to 12 October 2007
    page 4-5                                                    Life and Health team.                                      • Academy of Insurance Medicine Association
                                                                page 10-11                                                   (AIMA), Bangkok, Thailand –
                                                                                                                             14 to 17 October 2007
  3 What’s THE RISK? Paragliding                                                                                           • Pacific Insurance Conference (PIC),
    In our regular feature “What’s THE RISK”,                 6 Allianz Reinsurance Gets Involved                            Kuala Lumpur, Malaysia –
    we examine the risk of paragliding and the                  Allianz Reinsurance was engaged actively in                  28 to 31 October 2007
    underwriting considerations for this sport.                 a few charity programs and sporting events                 We will be participating in the above
    page 5                                                      in 2006.                                                   conferences this year and we look forward to
                                                                page 12                                                    meeting some of you there. If you are attending
                                                                                                                           any of the above conferences, please contact
                                                                                                                           Ms. Sabariah Zain at +65.63 95 37 99 or email
  We welcome your feedback on our newsletter as well as suggestion on future topics. Please contact us at email:
                                                                                                                           her at We
                                                                                                                           hope to be able to arrange a time to catch up or fax us at +65.62 97 83 29.
                                                                                                                           with you during the conference period.

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                                                                                                                                            issue 1 l 2007 l Febuary

  Microinsurance – Doing Good Business
                                                          If marketed correctly, Microinsurance products            constant necessity for small change
                                                        come along with four key benefits for an insurer.           outweighs the benefits of a 10%
                                                        (1) Sustainable profits                                     premium reduction.
                                                        (2) Customer acquisition & retention                     Despite the focus on low costs, an actuarial
                                                        (3) Brand awareness                                    verification of the product design is important
                                                        (4) Positive Public Relations                          to ensure long-term profitability.
                                                        Simplicity is key                                      Tapping established distribution networks
                                                        Simplicity is the key for success in the               In most cases, Microinsurance does not warrant
                                                        Microinsurance market. Simple products,                the establishment of a dedicated distribution.
  Typical microinsurance customers: low income          low-cost processes and no-frills distribution          It is more convenient to tap into established
  rural workers.                                        customized to the needs and behavior of low            distribution networks. Microfinance
                                                        income households are essential. Just to give a        institutions such as microbanks or credit

  20cents                 premium for a life
                          insurance policy.
  Would this get any insurance manager excited?
                                                        few examples:
                                                        (1) Premiums are generally minuscule and
                                                                                                               groups – if properly run and of substantial size
                                                                                                               are good distribution partners because they
                                                            benefits moderate. Therefore, underwriting         have a customer group and have an established
  Probably not. Now, what if such a product
                                                            can be kept to an absolute minimum.                relationship with them.
  reached one million customers? This would
                                                        (2) Due to cost efficiency advantages,                   In such a “micro-bancassurance”
  certainly demand attention. And what if the net
                                                            Microinsurance is essentially a group              partnership, very basic products such as group
  profit margin of such a product were 15%? This
                                                            business.                                          credit life or term life are a good first step to
  would definitely be a worthy product.
                                                        (3) Premiums are often collected in cash,              start the program. Over time, the product
    Such products actually do exist. They                   hence they should be in convenient                 basket may then evolve to include anything
  belong to the emerging product category of                denominations such as 5,000 Indonesian             from education endowment to packaged
  Microinsurance. Basically, Microinsurance                 Rupiah, even if your claim experience              products providing cover for both life
  products cater to low income households by                permits lowering the premium to 4,500              and property risks.
  protecting them against various types of risks            IDR (for which no banknote exists). The
                                                                                                                 As the distribution partner, the microfinance
  such as death of the breadwinner, fire or floods.         complexity of handling coins and the
                                                                                                               institution can also be entrusted with4
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                                                                                                                                                 issue 1 l 2007 l Febuary

                                                                                        What’s THE RISK?
  handling most administrative processes such as marketing, underwriting,
  premium collection and even claim settlement, thereby limiting the role of
  the insurer to product development, risk taking and audit.
    As such, Microinsurance combines elements of micro-bancassurance,
  group life business and reinsurance.
  Not core but good business                                                            Paragliding is an aerial activity that can be both recreational and
  Microinsurance is certainly not going to turn into a core line of business            competitive. The apparatus used is a paraglider, which is launched by foot
  for most insurers. However, Microinsurance is certainly a worthy business             and is a free-flying piece of equipment. It comprises a harness suspended
  to look into for any insurer operating in a developing country.                       below a fabric wing. The pilot is strapped into the harness and uses hand
    From the onset, the focus should be on profitability, and generating                controls to adjust speed and direction.
  positive PR. Some insurers tend to limit their Microinsurance efforts to
  small-scale show-case projects but this cannot be in the best interest of             Risk Factors
  the customer since low income households, the biggest demographic                     Accident risks arising from:
  group in developing countries, are still the most underdeveloped and                  - unpredictable weather;
  un-reached market segment.                                                            - excessively windy conditions;
                                                                                        - hazardous landing conditions;
  “Family Umbrella” – Allianz to protect low income families in                         - collision with other paragliders;
  Indonesia                                                                             - pilot recklessness.
  Consistent with the approach outlined above, Allianz Life Indonesia
  launched its first Microinsurance product in August 2006. The product                 Underwriting Considerations
  is literally called “Family Umbrella” and comprises two benefits: credit              - Experience of Pilot
  life coverage for microfinance institutions plus additional payouts to the            - Number of flights per annum
  family of the debtor. While the first benefit gets microfinance institutions           - Accident record
  interested in partnering with Allianz, the second benefit helps poor                  - Any licence held
  families to better cope with the death of the breadwinner.                            Ratings
                                                                                        Most life, accident and disability risks will be acceptable with either a
                                                                                        loading of 2.50 per mille or an exclusion of the activity.
                      ˝ Business Process Re-engineering & Microinsurance Contact
                                                      Allianz Life Indonesia, Jakarta                                                       ˝ Underwriting and Claims
                                                  *                                                  *

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                                                                                                                                         issue 1 l 2007 l Febuary

  Metabolic Syndrome Explained
                                                                                                                 syndrome is also known as syndrome X or
                                                                                                                 dysmetabolic syndrome.
                                                                                                              The concept of metabolic syndrome has
                                                                                                            existed for more than 80 years since E. Kylin, a
                                                                                                            Swedish physician, first described a syndrome
                                                                                                            involving hypertension, hyperglycaemia and
                                                                                                            hyperuricaemia in 1923. In the years to follow,
                                                                                                            further research confirmed an association
                                                                                                            between certain metabolic disorders and
                                                                                                            cardiovascular disease. The term syndrome X
                                                                                                            was eventually coined in 1988 by Gerry Reaven
                                                                                                            where he described “a cluster of risk factors
                                                                                                            for diabetes and cardiovascular disease”. The
                                                                                                            term syndrome X underwent several name
                                                                                                            changes and it is now widely accepted that the
                                                                                                            term “metabolic syndrome” best describes the
                                                                                                            cluster of metabolic abnormalities associated
                                                                                                            with cardiovascular disease.
  What is metabolic syndrome?                        4. Atherogenic dyslipidaemia (elevated                 Definitions
  Metabolic syndrome is characterised by a group        triglycerides and low HDL-C)                        There are several definitions for metabolic
  of metabolic risk factors in one person. They      5. Prothrombotic state (characterised by               syndrome.
  include the following medical conditions:             increased plasminogen activator
                                                                                                              The most commonly used criteria in the United
  1. Insulin resistance or glucose intolerance          inhibitor 1 and fibrinogen)
                                                                                                            States are those of the National Cholesterol
  2. Raised blood pressure                           6. Proinflammatory state (clinically recognised
                                                                                                            Education Program/Adult Treatment Panel III
  3. Central obesity                                    as raised C-reactive protein levels) Metabolic
                                                                                                            (NCEP/ATP III).4

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                                                                                                                                                                                                           issue 1 l 2007 l Febuary

    Recently, an International Diabetes                                        The World Health Organization also                                               • Age. The prevalence of metabolic syndrome
  Federation (IDF) panel issued a global                                     developed criteria for the diagnosis of                                              increases with age, affecting less than 10%
  consensus statement that presents a new                                    metabolic syndrome in 1998.                                                          of people in their 20s and 40% of people in
  worldwide definition of metabolic syndrome,                                 Please refer to the table below for the different                                    their 60s.
  aimed at facilitating early detection and more                             definitions.                                                                       • Race. Hispanics and Asians seem to be at
  intensive management, with the hope of                                                                                                                          greater risk for metabolic syndrome than
  reducing the long-term risk of cardiovascular
                                                                             Risk factors
                                                                                                                                                                  other races.
                                                                             Genetics and lifestyle play important roles in
  disease (CVD) and diabetes.
                                                                             the development of metabolic syndrome.                                             • Obesity. Central obesity (apple shape) is the
                                                                                                                                                                  form of obesity most strongly associated with
                                                                                                                                                                  metabolic syndrome.4
  Diagnostic Criteria for Metabolic Syndrome
              Factors                 National Cholesterol Education Program /             International Diabetes Federation (IDF)                                        World Health Organization (WHO)
                                       Adult Treatment Panel III (NCEP/ATP III)                  Diagnostic Criteria (2005) *                                               Diagnostic Criteria (1998) **
                                             Diagnostic Criteria (2001) *

   Waist circumference            More than 102 cm in men or more than                More than 94 cm in men or more than 80cm                -
   (or central obesity)           88cm in women.                                      in women in Europid persons and in ethnic-
                                                                                      specific levels in Chinese, Japanese and South
                                                                                      Asian persons.

   Fasting triglyceride (TG)                                              150 mg/dL or higher.                                                -

   Blood pressure                                                      130/85 mm Hg or higher.                                                140/90 mm Hg or higher.

   High-density lipoprotein                           Less than 40 mg/dL in men or less than 50 mg/dL in women.                               Less than 35 mg/dL in men or less than
   cholesterol (HDL-C)                                                                                                                        39 mg/dL in women.

   Fasting glucose                                                        100 mg/dL or higher.                                                • Type 2 diabetes; and
                                                                                                                                              • IFG glucose level of 101 – 125 mg/dL; and
                                                                                                                                              • Impaired glucose tolerance (IGT) – glucose level of 140 – 199 mg/dL 2 hours after
                                                                                                                                                administration of 75g of glucose; and
                                                                                                                                              • Glucose uptake level of less than the lowest quartile for ethnic population measured
                                                                                                                                                under hyperinsulinaemic, euglycaemic conditions if the fasting glucose level is normal.

   Body mass index (BMI)          -                                                   -                                                       • More than 30 kg/m2; or
                                                                                                                                              • Waist-to-hip ratio of more than 0.9 in men or more than 0.85 in women.

   Urinary albumin                -                                                   -                                                       • 20 mcg/min or higher; or
                                                                                                                                              • albumin-creatinine ratio of 30mg/g or higher.

  Note: * Diagnosis is made when 3 or more factors are present. ** In addition to “Fasting glucose”, diagnosis must include 2 other factors.

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                                                                                                                                                 issue 1 l 2007 l Febuary

  • Inactivity. People who lack exercise are                   A study undertaken in Hong Kong estimated              With the increasing trend of diabetes and
    more likely to be obese and develop                      a prevalence of 16.7% of the Hong Kong Chinese         obesity, the prevalence rate of metabolic
    metabolic syndrome.                                      population based on the NCEP-ATP III criteria.         syndrome is expected to increase, especially in
  • History of diabetes. A family history of type 2          The actual figure could be higher since using          the pacific region countries.
    diabetes or personal history of gestational              the WHO criteria for waist circumference in
                                                                                                                    Mortality & morbidity
    diabetes (diabetes during pregnancy) is                  adult Asians (≥ 80 cm in females or 90 cm in
                                                                                                                    People with metabolic syndrome are at
    associated with metabolic syndrome.                      males) raises the prevalence rate to 21.2%.
                                                                                                                    increased risk of coronary heart disease and
  • Other diseases. A diagnosis of high blood                  A cross-sectional survey performed in a              other diseases related to plaque build up in
    pressure, cardiovascular disease or polycystic           nationally representative sample of 15,540             artery walls (e.g. stroke and peripheral vascular
    ovary syndrome (PCOS) also increases the                 Chinese adults in China in 2005 showed a               disease) and type 2 diabetes mellitus. They
    risk of metabolic syndrome.                              prevalence of metabolic syndrome (ATP III              are twice as likely to die from, and 3 times as
                                                             criteria) of 9.8% in men and 17.8% in women. The       likely to have, a myocardial infarction or stroke
                                                             prevalence rate in the urban population is higher      compared with people without the syndrome.
                                                             than in the rural.
                                                                                                                       People with metabolic syndrome have a 5-fold
                                                               Epidemiological data reveal that in South            increased risk of developing type 2 diabetes.
                                                             East Asia the prevalence of metabolic                  Globally, up to 80% of the 200 million people
                                                             syndrome and type 2 diabetes is increasing             with diabetes will die of cardiovascular disease.
                                                             markedly at lower levels of BMI than in Western        Diabetes is the leading cause of end-stage renal
                                                             populations. A great proportion of South East          disease and blindness in the United States.
                                                             Asia subjects have a low HDL-cholesterol and           Individuals with diabetes have a much higher
                                                             a genetic predisposition to insulin-resistance,        risk of heart disease and a higher risk of stroke;
                                                             contributing to the significantly high rate             they also have a high risk of neuropathy and
                                                             of metabolic syndrome and type 2 diabetes              gangrene. Diabetes is also associated with acute
                                                             observed in this part of the world.                    metabolic complications.
  Prevalence                                                   People with either IFG or IGT have about a             Coronary artery disease is the leading cause
  Based on the set of criteria proposed by the               10% risk of developing overt type 2 diabetes over      of death in most developed countries. Nearly 1.5
  NCEP-ATP III, the prevalence of metabolic                  the ensuing 6.5 years according to a research          million myocardial infarctions occur annually,
  syndrome in European adults is around                      paper published in JAMA (Journal of American           of which approximately one third are fatal.4
  12-15% whereas approximately 40% of US                     Medical Association) 2001.
  adults are affected.

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                                                                                                                                              issue 1 l 2007 l Febuary

     Beyond cardiovascular disease and type 2             Insulin sensitisers may be prescribed to help
  diabetes, individuals with metabolic syndrome           the body use insulin more effectively. Aspirin
  seemingly are susceptible to other conditions,          therapy helps to reduce the risk of heart attack
  notably polycystic ovary syndrome, fatty                and stroke.
  liver, cholesterol gallstones, asthma, sleep
  disturbances, and some forms of cancer.
                                                          Underwriters on a daily basis encounter
  Treatment                                               conditions such as hypertension, diabetes,
  Aggressive lifestyle modification is of utmost          obesity, and elevated fasting blood sugar and
  importance to control the cardiovascular and            lipids. It is fairly common to come across
  metabolic risk factors. Eating a diet low in            applicants with different combinations of the
  saturated fat and cholesterol, getting more             above risk factors.
  exercise, losing weight and quitting smoking              Unfortunately, some underwriters fail
  help reduce blood pressure and improve                  to recognise metabolic syndrome because
  cholesterol and blood sugar levels.                     attending physicians (especially in Asia)
    If aggressive lifestyle modification fails to         seldom use the term metabolic syndrome
  reverse the metabolic risk factors, there are           when they discuss diagnosis with patients
  medications available to lower blood pressure,          or in physician statements.
  control cholesterol or help in weight loss.               As underwriting manuals often provide                 death and disability benefits even when the
                                                          suggested ratings for each of these conditions          conditions are under control. Where the
                                                          independently, it is easy for underwriters to fall      applicant is already on treatment for diabetes
                                                          into the trap of rating each of the components          and/or cardiovascular disease, any credit
                                                          of metabolic syndrome alone and to                      ratings suggested by the underwriting manuals
                                                          underestimate the synergy effect of metabolic           should be disallowed.
                                                          syndrome on cardiovascular risk beyond                    A cautious approach to rating Critical Illness
                                                          what would be expected from the simple                  cover is advised due to the very nature of the
                                                          accumulation of separate risk factors.                  product and the events covered.
                                                            Where the applicant is on medication to
                                                          control metabolic risk factors, we would                                        ˝ Underwriting and Claims
                                                          recommend a minimal loading of +50% for                              *

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                                                                                                                                          issue 1 l 2007 l Febuary

  Meet the Life and Health Team
                                                                                                            Duncan Lord, F.I.A.
                                                                                                            General Manager
                                                                                                              Duncan has spent the last 12 years in Asia
                                                                                                            Pacific, most of the time in Singapore which
                                                                                                            he now calls home. He has held various senior
                                                                                                            positions in the reinsurance arena for the
                                                                                                            last 24 years in the United Kingdom, Canada,
                                                                                                            New Zealand and Singapore. He joined Allianz
                                                                                                            Reinsurance in 2001 as General Manager of the
                                                                                                            Life & Health division with responsibility for
                                                                                                            business in Asia Pacific.
                                                                                                              Duncan is a Fellow of the Institute of Actuaries,
                                                                                                            England, and an Associate of the Society of
                                                                                                            Actuaries, U.S.A. He is also a Council Member of
                                                                                                            the Singapore Actuarial Society.

                                                                                                            Business Development
                                                                                                            Douglas Lum
                                                                                                            Regional Business Development Manager and
                                                                                                            Deputy Head
                                                                                                               Douglas holds a degree in Actuarial Science
                                                                                                            and he brings with him experience from the
  1    Sabariah Zain     7    Chua Huan Geok                                                                North American and Asian markets. He originally
  2    Christopher Lee   8    Douglas Lum                                                                   worked in actuarial positions dealing with
  3    Chua Siew Leng    9    Elena Quek                      3            6   7                    12      valuation, product development and pricing,
                                                          2                               10
  4    Ivanka Williams   10   Koh Wei Ling                             5            9                       and subsequently held various lead positions in
  5    Marlene Goh       11   Duncan Lord             1           4                            11           accident and health and special risks reinsurance.
  6    Manic Lefebvre    12   Thomas Tang                                                                   Douglas joined Allianz Reinsurance in the latter
                                                                                                            part of 2002 and oversees the business development
                                                                                                            efforts for the Life and Health division.
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                                                                                                                                                  issue 1 l 2007 l Febuary

  Christopher Lee, A.S.A.                                  risk manager for Singapore, Thailand, Taiwan and          before she joined us in 2006. She assists Thomas
  Senior Business Development Manager                      China markets.                                            in managing the financial reporting function.
    Christopher joined the company in late 2003,             Huan Geok holds a degree specializing in                Elena is currently pursuing her professional
  and is responsible for business development and          insurance, and she has attained the professional          fellowship qualification with the Institute of
  servicing of client companies in Taiwan, Thailand,       qualification as an Associate of the Life and             Actuaries, Australia, and is one paper away from
  Singapore, Indonesia, China, Hong Kong and               Health Claims program.                                    qualifying as an actuary.
  Laos. Prior to joining Allianz Reinsurance, he held      *                      *
  various positions over the last 15 years in the areas
                                                           Marlene Goh                                               Pricing
  of Actuarial, Marketing and Insurance Operations.
                                                           Senior Risk Executive                                     Manic Lefebvre, A.S.A.
    Christopher is an Associate of the Society of                                                                    Actuarial Manager
                                                             Marlene joined Allianz Reinsurance in mid
  Actuaries, U.S.A. and holds a degree in Actuarial                                                                     Manic, who grew up in Canada, recently
                                                           2006, and has seven years of experience in the
  Science. In addition to his business development                                                                   completed all his papers towards his professional
                                                           underwriting arena. Marlene is the principal risk
  role, he is a specialist in Product Development.                                                                   fellowship qualification with the Society of
                                                           assessor for Malaysia, Philippines, Brunei and
  *                                                                              Actuaries, U.S.A. He joined Allianz Reinsurance in
                                                           Guam markets.
  Underwriting and Claims                                                                                            the middle of 2006 and he brought with him 14
                                                             Marlene holds a degree specializing in insurance.
  Ivanka Williams, Aff.AII                                                                                           years of industry experience in Canada, Australia,
  Regional Risk Manager                                                                                              and Singapore where he held various actuarial
     Ivanka has 20 years of experience, mainly in          Finance                                                   positions ranging from pricing and marketing to
  Australia with both direct life companies and            Thomas Tang, F.I.A.A.                                     financial reporting. Manic is the Head of Pricing
  life reinsurers. In her current role, Ivanka is          Regional Actuarial Manager                                in the Life & Health division.
  responsible for the overall risk management of             As the “new kid” in our team, Thomas                    *
  business undertaken by Allianz Reinsurance Life          joined us in January this year. He brings with
                                                                                                                     Chua Siew Leng
  & Health in Asia Pacific.                                him experience from working as an actuarial
                                                                                                                     Assistant Actuarial Manager
                                                           consultant in London, Hong Kong and Sydney
    Ivanka is an Affiliate of the Australian Insurance                                                                  Siew Leng joined the division in 2005 and
                                                           across a broad spectrum of projects.
  Institute, and she has attained the ALU1 of the                                                                    brought with her six years of life & health
  Academy of Life Underwriting.                               Thomas is a Fellow of the Institute of Actuaries,      reinsurance experience from her previous
  *                    Australia, and is responsible for managing the            employment as an actuarial professional. She
                                                           financial health and reporting requirements of            is one of our pricing actuaries and is currently
  Chua Huan Geok, ALHC                                     the division.                                             pursuing her professional qualifications with the
  Assistant Risk Manager                                   *                         Institute of Actuaries in the United Kingdom.
     Huan Geok has 14 years of insurance and
                                                           Elena Quek, A.I.A.A.                                      *
  reinsurance experience under her belt. Huan
  Geok is responsible for assisting in the overall         Senior Actuarial Executive
                                                             Elena had five years of consultancy and direct                                      ˝ Business Development
  risk management of business and is the principal
                                                           insurer experience in Australia and Singapore                            *
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                                                                                                                                                     issue 1 l 2007 l Febuary

  Allianz Reinsurance Gets Involved
  Helping the less fortunate                                  Cash Donation to the Association of
  Allianz Reinsurance Asia Pacific is committed               Persons with Special Needs
  to good corporate citizenship, and believes                 The savings the company reaped
  in giving back to the community. During this                from sending some electronic
  season of giving, the company focused on                    year-end greetings were donated
  bringing cheer to children, youths and the                  to the Association for Persons
  intellectually disabled.                                    with Special Needs.                                  (L–R) Felicia Chua, Lee Chay Geok, Andreas Zell, Marlene
                                                                                                                   Goh and Chua Siew Leng.
  Donation of Football Table                                  Christmas Teddy Bear Drive
  A football table and several ‘Allianz Arena’                The company also supported                           Reinsurance Football World Cup
  and ‘FC Bayern Munich’ soccer balls were                    an initiative by the Canadian                        The company also fielded a team for the 8th
  donated to CARE Singapore, an organisation                  Association of Singapore to                          Annual Reinsurance Football World Cup Game,
  that reaches out to youths who are at risk of               collect teddy bears for children                     organised by Marsh and held in December 2006
  academic failure, behavioural problems and                  who are spending the festive season at the KK        at the St. Wilfred Sports Complex.
  juvenile delinquency.                                       Women’s & Children’s Hospital.

                                                              Get set, ready, go
                                                              It is not all work and no play at Allianz
                                                              Reinsurance Asia Pacific. Work-life balance
                                                              is important and staff members participate
                                                              actively in sports.
                                                              Corporate Triathlon
                                                              Allianz Reinsurance Asia Pacific took part in
                                                              a corporate triathlon held at the East Coast         Team Germany plays for Allianz.
                                                              Park in November 2006. Staff competed in the
                                                              individual and relay categories, with a swim-                                    ˝ Controlling & Marketing
  Youths bond over a table football game at CARE Singapore.   cycle-run race structure.                                              *

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