Generali Asia Newsletter · Generali Asia Newsletter SEPTEMBER 2014 Generali Philippines sets pace with 41% individual premium growth in ... country and made a detailed presentation

Generali Asia Newsletter

SEPTEMBER 2014

Generali Philippines sets pace with 41% individual premium growth in H1 2014

Generali Philippines (GP), the joint venture between global insurer Generali Group and local bank leader BDO Unibank, Inc. (BDO), caps the first half of 2014 with a 41% increase in individual premiums. New individual sales revenue grew by 30% while individual renewal premium income rapidly rose by 49%. New group insurance sales also improved by 34%.

Generali Philippines President and CEO, Renato Vergel de Dios, said, “Our unrelenting focus on recurring-premium products enabled the Company to post double-digit growth, at a time when the local industry’s sales performance was significantly affected by the cyclical movements of the market. In so doing, we are actively managing our portfolio mix to reflect the right balance between traditional and unit-linked plans.

“Generali Philippines’ outstanding performance is anchored on the unwavering support of our partner bank BDO, worldwide insurance leader Generali Group, and the commitment and dedication of the sales force. As we aggressively grow our manpower to 700 highly productive Financial Advisors, the Company will have a more robust growth platform to solidify its market presence.”

GP recently signed an agreement with BDO Private Bank as part of its market segmentation strategy. GP will provide insurance-based tax funding solutions to supplement the estate planning programs of the bank’s high net worth clients.

Employees and Advisors at a presentation during Foundation Day

K.G. Krishnamoorthy Rao (left) and Munish Sharda (right) light a lamp to mark Foundation Day

ASIA REGIONAL NEWSFuture Generali India celebrates 7th FOUNDATION DAY on September 4

Future General i completed 7 years of business operat ions on September 4. In celebrat ion of Foundation Day, the leadership team conducted a countrywide initiative to share the priorities of the organisation with employees across all offices and branches in India.

Munish Sharda and K.G. Krishnamoorthy Rao, Managing Director & CEO of l i fe and non- l i fe companies, respectively, jointly addressed the teams at the local head office in Mumbai and shared their experiences and learnings over the years, the way they see the sector in the next three years and their expectations from the employees. Gary Teh, Chief Operating Officer of Generali Asia, also joined to meet the team during his visit at the same time.

The leadership team travelled to branches across the country and made a detailed presentation to highlight the key milestones that have been achieved over the last 7 years, the priorities across departments for this financial year, importance of corporate governance, new initiatives in the pipeline and the roadmap to the future where the focus will be on improving persistency and service excellence. The heads of departments also presented awards for the various Reward & Recognition programs for the quarter.

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ASIA REGIONAL NEWS

P.1 Future Generali India celebrates 7th FOUNDATION DAY on September 4

P.1 Generali Philippines sets pace with 41% individual premium growth in H1 2014

P.2 Generali Indonesia signs strategic partnership agreement with Bank Mestika

OUR ACTIVITIES: GENSOCIETY- GENCULTURE- GENSPORT

P.2 Generali Vietnam sponsors kids painting camps to celebrate National Day

P.3 Our people – new appointment and promotion announcements

GENCURIOUS…DID U KNOW...?

P.5 Generali is a patron of the Giorgio Cini Foundation, which is currently hosting an art exhibition

Corporate Communications – AsiaSabrina Di GiorgioEmail: [email protected]: +852 3187 6824

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SEPTEMBER 2014

Generali Indonesia signs strategic partnership agreement with Bank Mestika

MEDAN – Generali Indonesia off icial ly signed a bancassurance partnership agreement with PT Bank Mestika Dharma,Tbk. on September 16. The signing ceremony was timed together with the launch of the to product, Link Insurance Product for the Future, or iFUTURE, targeting the affluent and emerging affluent customers in Indonesia. CEO of Generali Indonesia, Edy Tuhirman and President Director of Bank Mestika, Achmad Kartasasmita, signed the distribution agreement and officiated the product launch.

iFUTURE, an investment-based insurance product enhanced with Auto Risks Management System (ARMS) or investment risk management strategy, offers comprehensive protection for investment clients.

"We developed iFUTURE with unique features such as an integrated investment Auto-Rebalancing, Auto-Trading and Auto Re-Entry for investment protection and maximum life. These facilities are customised and tailor-made to meet our target customers’ needs." Edy Tuhirman said, "Through iFUTURE, Generali provides an alternative investment-based insurance product for Bank Mestika’s retail customers with maximum protection."

Achmad Kartasasmita, President Director of Bank Mestika (left) and Edy Tuhirman, CEO of Generali Indonesia (right) at the signing ceremony

OUR ACTIVITIES:◆ GENSOCIETY ◆ GENCULTURE ◆ GENSPORTGenerali Vietnam sponsors kids painting camps to celebrate National Day

HANOI and HO CHI MINH – In celebration of the 69th

Vietnam National Day, Generali Vietnam sponsored the Kids Painting Camps – Generali Summer Awards 2014 held in Ho Chi Minh on 20–24 August and in Hanoi on 27–31 August. The camps were organised together with the Cultural Centers of Dist. 2 in Ho Chi Minh City and Nam Tu Liem Dist. in Hanoi, and Chien Thang Company.

Over 1,500 primary and secondary school pupils participated in the camps and took part in the painting lessons and contests. A total of 88 prizes were handed out to individuals and teams throughout the sessions. In addition to the art lessons, the kids were also educated on setting high ambitions and on love for the motherland. They were also treated to a display of hot air balloons, which symbolised innovation as well as the aspirations of the children and Generali Vietnam.

Mr. Chung Ba Phuong, CEO of Generali Vietnam Life, said, “This is a meaningful event which shows our responsibility towards the community, especially to the young generation of the country. The camps have created sound, interesting playgrounds for pupils on the threshold of the new school year and represent Generali’s wish to contribute to the enhancement of Vietnamese people’s living quality.”

Generali balloons on display in Ho Chi Minh

Kids at the camp with their works of art

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SEPTEMBER 2014

Fabrizio Buccino Strategic Development Manager Strategy & Business Development

Fabrizio holds Master degrees in Business Administration from the China Europe International Business

School in China and in Political Science from Universita Degli Studi Di Milano in Italy. He has a broad range of experience in the areas of market and feasibility analyses, financial modeling and business development strategy gained from management consulting firms including Emerging Markets Consulting, Excellence Consulting Srl and Dun & Bradstreet SpA.

Prior to joining Generali, Fabrizio worked at Emerging Markets Consulting where he was Senior Consultant, managing a variety of public and private sector projects across Southeast Asia.

Jiong Du Deputy Head of Regional Accident & Health; Head of Product Strategies

Jiong obtained a Master degree in Actuarial Science from the City Univers i ty of London in UK and

is a Fellow of the Institute of Actuaries in UK. She has extensive experience in life, health insurance and reinsurance stries gained from various business corporations in USA & UK and across the Asia Pacific region.

Prior to joining us, Jiong worked at Chubb Group of Insurance where she was Vice President & Head Actuary of Accident & Health for the Asia Pacific Region.

Terry Dunning Head of Claims Global Corporate & Commercial Asia

Terry has over 25 years of experience in the insurance industry, the majority of this being in Asia. He has worked

with various corporations including Zurich, RSA, International Finance Corporation (World Bank), and international loss adjusters. As Head of Claims, he will be overseeing and managing GC&C Asia Claim Department with a customer centric approach and a high level of ownership, leadership and accountability ensuring that the claim management is a strong partner of clients and brokers. Terry is a member of the Institution of Civil Engineers and a Fellow of the Chartered Institute of Loss Adjusters.

Our People – new appointment and promotion announcements

Fiona Cheng Legal Counsel Corporate & Legal Affairs

Fiona holds a Bachelor Degree of Laws (LLB) from the University of Strathclyde in Scotland and is a qualified Solicitor

and Notary Public in Scottish Law. She joins us from Standard Life, Hong Kong where she held the title of Assistant Legal Counsel & Risk Analyst and was responsible for the management of the corporate governance structure, as well as handling a range of legal, risk and compliance related matters.

Ching Sau Kuen Regional Sales Training Director Distribution

Ms. Ching holds a Master Degree of Arts from the Middlesex University in UK and is a Certif ied Financial

Planner (CFP) and a Fellow of Life Office Management Association (LOMA). She has over 25 years of experience in the life insurance industry across China and Southeast East Asia.

Skeltony Ki Senior Manager Finance

Skeltony has an in-depth experience in the l ife insurance industry with focus on external and management

reporting, as well as budget and forecast processes for operations in Asia. Skeltony started his career with Deloitte Touche Tohmatsu as an audit professional and joined us from AIA Company Limited where he held the position of Finance Manager for over five years. He is a CPA and holds FRM and FLMI certifications.

Sally Ma Learning & Development Manager Human Capital

Sally holds a Master Degree of Business Administration from the University of Warwick, UK and Bachelor Degree of Arts

from University of Hong Kong. Her experience in training and talent management for corporations include DBS Bank, BASF East Asia Regional Headquarters Ltd., Mattel Asia Pacific Sourcing Ltd., HSBC Insurance (Asia Pacific) Holdings Ltd., Mass Transit Railway (MTR) Corporation and Hong Kong Productivity Council, for which she was responsible for the full spectrum of training function.

Prior to Generali, Sally was with Senior Human Resources Manager, APAC atAnsell (HK) Limited.

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SEPTEMBER 2014

Axel Roesner Head of Operations and IT Global Corporate & Commercial Asia

Axel brings with him over eight years of international experience in the financial service industry with over six years of

specialisation across operations and IT in the insurance industry. In his new role, Axel will be responsible for operations management and business transformation, overseeing the delivery of IT and business projects which includes the roll-out of global systems and tools across Asia, as well as driving operational excellence. His role is key to providing excellent services to our multinational clients. Axel holds a Lean Black Belt, and an MBA from the U.S. California School of International Management.

Kelvin Cheng Senior Manager Corporate Planning & Affairs

Kelvin joined Generali Asia Regional Office as Manager – Planning & Control in 2011 until his recent promotion to

Senior Manager – Corporate Planning & Affairs. He started his career in Canada with with the treasury department of Air Canada. He has also worked in the finance functions of various financial institutions including Manulife Financial, ING Real Estate Canada, AIG Global Real Estate. Prior to joining Generali, Kelvin held the position of Deputy Manager – Financial Control at the Bank of Tokyo-Mitsubishi UFJ.

Kelvin holds a Bachelor Degree in Finance & Accounting from Saint Mary’s University.

Dolphin Cheung Manager Finance

Dolph in jo ined the Genera l i As ia Regional Office as Assistant Manager – Planning & Control in 2013 and has

recently been promoted to Manager – Finance.

With extensive experience in financial and management reporting, Dolphin has worked at various corporations including HSBC, AIA Company Limited, SAP Hong Kong Co. Ltd., Tanita International Ltd. and C.Y. Mok CPA Firm. Dolphin holds a bachelor’s degree in Business Management from the City University of Hong Kong.

Ainsley Oliveiro Director, Asia Pacific Global Employment Benefits

Ainsley jo ined General i Employee Benefits Asia Pacific Regional Office as Area Manager in 2006, and in 2010 was

appointed as Regional Manager in 2010. He has recently been promoted to Director of Asia Pacific.

Ainsley has more than 30 years of experience in the field of Employee Benefits. He began his career with China Underwriters Pte. Limited, which was the first GEB network partner in Singapore. He has also worked at various insurance corporations including the Insurance Corporation of Singapore and Keppel Insurance. Prior to Generali, Ainsley was Regional Director – Asia at John Hancock International Services Limited, where he worked for 14 years.

Ainsley completed his tertiary education in Singapore and has obtained an Affiliate with the Australian Insurance Institute (AAII).

Jacqueline Yip Client Services Manager Global Employment Benefits

Jacqueline joined Generali Employee Benefits’ Asia Pacific Regional Office in 2011 and has been promoted to the

position of Client Services Manager.

Jacqueline holds a Bachelor Degree in Social Sciences from the University of Ottawa (Canada). She has gained several years of experience in project management, customer service and administrative support from various corporations including Chartis Insurance Hong Kong Limited (now AIG), Accette Insurance Brokers (HK) Limited (now acquired by Howden), and Royal & Sun Alliance IFS Ltd.

Jamie Zuo Manager Life Risk Analysis

Jamie joined the Asia Regional Office as Financial Risk Analyst in March 2013, and has recently been promoted to

Manager – Life Risk Analysis.

Jamie has an extensive experience in risk management and actuarial analysis from various financial institutions including ING Life Insurance Company, Ping An Insurance Group and AIA Life Insurance Company. Jamie holds a master’s and bachelor’s degree from the Shanghai Jiaotong University, is a Chartered Enterprise Risk Analyst (CERA), and a fellow of the Society of Actuaries (FSA) and China Association of Actuaries.

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SEPTEMBER 2014

GENCURIOUS…DID U KNOW...?Generali is a patron of the Giorgio Cini Foundation, which is currently hosting an art exhibition

Generali was a major contributor in the founding of the Giorgio Cini Foundation, a cultural foundation located on the island of San Giorgio Maggiore, Italy.

In celebration of the Institute of Art History’s 60th anniversary, exhibition rooms in the foundation’s Palazzo Cini are open to the public from May to November 2014. During this time, visitors will be able to admire Tuscan and Ferrarese paintings, including works by Giotto, Guariento, Botticelli, Filippo Lippi, Piero di Cosimo and Dosso Dossi.

Simone Bemporad, Generali Group Director of Communications and External Relations, commented, “Generali is an international group with a powerful identity and deep cultural roots. The lion of St Mark represents an inextricable symbolical link with Venice and its history. For us, working alongside the Cini Foundation in a project to showcase and develop part of its remarkable artistic heritage is a reason to be proud and at the same time means paying homage to our tradition and reaffirms our century-old mission to take care of valuable things.”

Image source: www.cini.it/en/events/palazzo-cini-la-galleria-capolavori-toscani-e-ferraresi-dalla-collezione-di-vittorio-cini

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Generali Asia Newsletter · Generali Asia Newsletter SEPTEMBER 2014 Generali Philippines sets pace with 41% individual premium growth in ... country and made a detailed presentation