Sector

Insurance industry consulting

years of experience

22 years

Main experience

Zeng Zhe is the General Manager of Deep Test Consulting. He has 22 years of experience in the life insurance industry.

Mr. Zeng has worked in the actuarial department, product department and risk management department of large state-owned life insurance companies and joint venture life insurance companies. While working in the global headquarters of a multinational insurance group, Mr. Zeng was actively involved in various projects such as new market entry, market strategy analysis and evaluation, and dynamic stochastic evaluation of annuity products. As a consultant, Mr. Tsang is deeply involved in insurance industry related clients, not only for insurance companies and groups, but also for regulators, industry associations and potential investment shareholders in a wide range of services:

• Providing valuation services on insurance company valuation for initial public offering (IPO) and merger and acquisition (M&A) projects of unlisted insurance companies. Helping clients to comprehensively improve actuarial modeling, experience analysis and other actuarial practice levels

• Specializing in financial statement systems under different accounting standards, he provides actuarial audit and consulting support with domestic accounting firms on all fronts.

• Lead the promotion of industry-wide data research and analyze industry trends

• Life insurance company strategy research, through helping clients clarify strategic objectives, design strategy implementation paths, and analyze the impact of strategic choices has accumulated rich experience in strategic management consulting projects.

• In-depth understanding of domestic and international insurance product development and driving factors, as the head of product actuarial, has presided over a number of channels and different types of product design, product pricing, product management and product evaluation.

• Mastering enterprise risk management best practices, helping clients develop risk appetite, build risk frameworks, develop risk system implementation paths, complete economic capital quantification and capital management based on it

Mr. Zeng graduated from Nankai University and is a full member of the Actuarial Society of North America and the Society of Actuaries of China.

starting and ending dates

Name of relevant projects participated in

Project Roles

Brief description of the project

2023

Specialized solvency audit of life insurance companies

Project Manager

Servicing the regulator by conducting special audits on the authenticity of solvency data of life insurance companies under its jurisdiction, conducting in-depth research and providing expert opinions on key regulatory concerns

2023

Pension Company Due Diligence

Project Manager

Provided due diligence services for buyout investors into specialty pension insurance companies, analyzing the accuracy of actuarial valuation results and analyzing business model growth potential and risk factors

2023

Actuarial audit of life insurance companies' annual reports

Project Manager

Provided actuarial support to a domestic accounting firm on the annual audit of an insurance group covering property and casualty subsidiaries, including the audit of accounting standards reserves, solvency reporting and actuarial related aspects of asset liability management

2022

Specialized actuarial audit of life insurance companies

Project Manager

Provided actuarial support to a domestic accounting firm on a special audit of a life insurance company's capital increase.

2022

Specialized actuarial audit of life insurance companies

Project Manager

Provided actuarial support to a domestic accounting firm on a special audit of a life insurance company's equity acquisition.

2022

Audit of the financial responsibility of the chief actuary of a property-casualty insurance company

Project Manager

Provided actuarial support to a domestic accounting firm on the mid-term audit of the chief actuary of a foreign property and casualty insurance company.

2021

Specialized actuarial audit of life insurance companies

Project Manager

Provided actuarial support to a domestic accounting firm on a special audit of a life insurance company's equity transfer.

2021

Audit of the financial responsibility of the chief actuary of a life insurance company

Project Manager

Provided actuarial support to a domestic accounting firm on the financial responsibility audit of the chief actuary of a life insurance company.

2010- 2011

initial public offering (IPO)

Actuarial assessment

project manager

Provided embedded value valuation review services for the simultaneous A+H listing of a life insurance company.

2011- Current

Embedded value review

Project Manager

Provided embedded value assessment review services for a listed insurance company and advised on embedded value management and value enhancement.

2012 - 2015

Embedded value review

Head of parallel review within the project

Provided embedded value assessment review services to a listed insurance group and advised on embedded value management and value enhancement.

2011 - 2015

Independent actuarial valuation

Project Manager

Providing independent valuation services to foreign shareholders of a personal insurance company, answering questions from external auditors and internal boards of directors regarding value.

2015

Value optimization and enhancement projects

Project Manager

Provided value analysis as well as value strategy design and implementation consulting services to a medium-sized insurance group.

2017

actuarial due diligence

Project Manager

Acted as a key member of the buyer's embedded value assessment in due diligence.

2016

actuarial due diligence

Project members

Acted as a key member of the embedded value assessment of a domestic buyer in a cross-border M&A due diligence exercise.

2016

actuarial due diligence

Project Manager

Acted as a key member of the buyer's embedded value assessment in due diligence.

2015 - 2016

Embedded value standard-setting

Project team members

Participate in the revision of the China Actuarial Association's embedded value assessment standards, organize and coordinate project promotion, industry testing and support the writing of related standards.

2018

corporate strategy

Project Manager

Provided strategic consulting services to the Chinese branch of an international reinsurance company. Provided comprehensive dataset analysis of the Chinese life insurance market across channels and product development to assist the company in comprehensively planning its future growth strategy.

2016-2018

Group strategy

Project members.

Life Insurance Module Leader

Provided strategy consulting to a large Chinese insurance group, as well as tracking strategy implementation and providing independent third-party strategy review and evaluation services.

2017

corporate strategy

Project Manager

Provided strategic advice to a start-up life insurance company on company objectives, product strategy, channel positioning and capital planning.

2015 - Present

corporate strategy

Project Manager

Provided strategic advice to a leading joint venture life insurance company, balancing the demands of both shareholders, on company objectives, product strategy, channel positioning and capital planning.

We also continue to provide independent third-party research on strategic topics related to changes in the external market.

2014

corporate strategy

Project Manager

Provided strategic advice to a joint venture life insurance company with a change in both Chinese and foreign shareholders, balancing the short-term and long-term aspirations of both shareholders, and advising on company objectives, product strategy, channel positioning, capital planning and shareholding structure.

2015 - Current

Industry Development Trends and Strategy Training

speaker

Provide more than ten macro-environmental and strategy-related trainings to the industry.

2014 - present

Industry Cost Study

Project Manager

We continue to conduct annual surveys on industry expenses and business, analyze the trend of changes in production, and pay attention to hot issues such as investment in science and technology and strategic transformation. Among them, the 2014 and 2015 surveys were conducted in cooperation with the China Association of Actuaries and were widely recognized.

2018

Cost analysis

Project Specialist

Provided expense analysis services for a medium-sized insurance company, analyzing the company's business situation from multiple perspectives based on the company's financial and operational data, conducting workload surveys, etc., and making industry benchmarking and providing recommendations.

2017

Cost analysis

Project Specialist

Provided expense analysis services for an insurance company, analyzing the company's business situation from multiple perspectives based on the company's financial and operational data, conducting workload surveys, etc., and conducting industry benchmarking to provide recommendations.

2012- Present

market entry

Project Manager

Provide special market analysis for foreign shareholders planning to enter the Chinese market, introducing the overall status and trends of the insurance industry, analyzing the competitive landscape in the focus areas of pension, health, and protection, comparing the profitability of hot-selling products, and suggesting possible future entry points, development modes, and business planning, to form an analysis report.

2018

market entry

Project Manager

Prepare industry analysis for the initiating shareholders who plan to apply for life insurance licenses, sorting out the shareholders' resource advantages, suggesting the future development mode and business planning in light of the current situation and trend of the industry, and forming a feasibility analysis report to be submitted to the regulator.

2017

market entry

Project Manager

Prepare industry analysis for the initiating shareholders who plan to apply for life insurance licenses, sorting out the shareholders' resource advantages, suggesting the future development mode and business planning in light of the current situation and trend of the industry, and forming a feasibility analysis report to be submitted to the regulator.