Fangyi Nie Head of Actuarial Department CITIC-Prudential
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Fangyi NIE is an InsurTech founder in Mainland China. He has a very diversified and deep experience in the insurance industry around the globe.
Fangyi founded Actuarial Intelligence (AI) in June 2017. He partnered with Citic-Prudential, Munich Re and Yi-Jiu Insurance Brokerage in 2017 and designed the first preferred term life insurance product marketed purely on online in China. The product was an immediate success, sold more than 10 thousand polices within 8 months after launch.
Before starting up AI, Fangyi worked for Hillhouse Capital Group. He contributed significantly to the deal among Aviva, Tencent and Hillhouse to launch the first online life insurer in HK – Blue. Fangyi also has an outstanding technical actuarial background and broad exposure in the US, Mainland China, and Asia-Pacific insurance markets.
Fangyi is a key opinion leader in China in the insurance field. He published a book democratizing insurance knowledge in January 2015 which was endorsed by Chairmen of the 2nd and the 3rd largest life insurers in mainland China, CFO of AIA Group in HK, and other high-profile business leaders. He also writes two opinion columns in Caixin Weekly magazine and Caixin Online. Caixin Media is the most influential financial media in China.
Fangyi has a professional ambition to narrow the life, health, retirement, and life style financial protection gaps in Mainland China and Asia Pacific areas via massive innovations. He is keen to work with established insurers and long-term strategic investors to digitalize the whole insurance value chain and bring people much better protection solutions.