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Welcome Address TM Shih

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Mr. Tsan-Ming Shih has been in the insurance industry for over 36 years. He graduated from Soochow University with a major in Law, and completed the Executive Management Program at the University of Virginia in the United States.

Mr. Shih started his career at Fubon Insurance as an entry-level staff and has climbed all the way to the position of Chairman of the company. Concurrently, he is the Chairman of the Non-Life Insurance Association of the R.O.C and the Chairman of the Insurance Society of the R.O.C. He was also the Chairman of the Engineering Insurance Association and the Non-Life Underwriters Society o f the R.O.C.

Since being elected Chairman of the Non-Life Insurance Association in August 2004, he has been spending more time at the Association than at Fubon Insurance. He has stated, “I have to give something back to the industry. I have been in this industry for 36 years and it is my social responsibility to do my part for the industry that nurtured me." Mr. Shih has not only devoted himself to upgrade the standard in the industry, but also contributed to introducing better regulations and insurance governing rules. The regulations governing fire insurance tariff rates were introduced back in I989 to prevent unfair price competition, which urged non-life insurance companies in the market to sign a Self--Discipline Agreement for strict obedience of self-regulation is such an example.

In 2004, Mr. Shih was appointed by a group of national college professors as “Insurance Leader of the Year" held by RMI Magazine, once again recognized by industry peers.

Mr. Shih's primary mission in the upcoming year is the 44th annual seminar of the International Insurance Society (llS) which will be held in Taipei on July 2008. It is expected to attract over 500 insurance professional executives and academics from over 50 nations. In addition to the forthcoming IIS seminar, he is also looking forward to the enormous business opportunities brought about by the commencement of Health Insurance, the final stage of tariff f rate deregulations, and the application of IFRS4 Insurance Contracts for the non-life insurance industry in the corning years.

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Taiwan 2008 - Opening Ceremony

TM Shih

Chairman, The Insurance Society of the Republic of China, Taiwan

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Welcome Address TM Shih

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