On 7 Jun 2017, Peak Re hosted the 3rd Fosun Global Insurance CEO Committee (GICC) Annual Meeting. The theme this year is “Modernising Re/Insurance”, the conference successfully brought vitality to Fosun’s insurance companies worldwide and facilitated synergies between different insurance entities.

In the meeting Mr Guo Guangchang, Executive Director and Chairman of Fosun International, Mr Wang Qunbin, Executive Director and CEO of Fosun Group, Ms Kang Lan, Executive Director, Senior Vice President of Fosun Group, President of Fosun Insurance Group, Franz-Joesf Hahn, CEO of Peak Re shared their leadership thoughts, vision and strategy for insurance entities of Fosun Group.

The members of the Fosun family of insurance companies came together from all over the world to discuss key topics of the day such as InsurTech, risk & capital management, healthcare as well as the acquisition and retention of talent to modernise insurance and reinsurance.  

In the meeting, Mr Guo emphasised the strategy of Fosun’s direction of “Insurance Plus” and stressed again the importance of entrepreneurship. Fosun partners must have “self-driven” spirit and show awareness for “active closed loops”.

Mr Wang mentioned Fosun International’s net profit attributable to the parent company exceeded RMB 10 billion yuan for the first time in 2016, thanks to the progress that portfolio companies in the Fosun Insurance family have made in team building, integration, synergy, and business development. Meanwhile, in the face of future changes and challenges, Fosun Group and all insurance companies should keep evolving, embracing and even leading change.

Ms Kang brought up that Fosun Insurance entities should strengthen the fundamentals and differentiate with “+”s: needs of customers, with Insurtech application, explore ideas and business models in innovation and collaboration, to seek investment opportunities globally and to create synergies.

Mr Hahn said that the GICC has travelled a long way in just 3 years. The global partners of Fosun should met and engage more often, fostering partnership and maximizing mutual opportunities. The GICC and global partners, as well as Fosun’s young ambassadors can all work to promote Fosun Insurance Group.