On 13 November 2013, CDRF and Swiss Reinsurance Company Ltd hold a signing ceremony for the joint research program on ÒParametric Insurance Solutions for the Reform of the Relief System against Natural DisastersÓ. Mr. Wang Mengkui, Chairman of the CDRF and former Minister of the DRC, and Michel M. Lis, Group CEO of Swiss Re, attend the signing ceremony. SG Lu Mai and Ivo Menzinger, Managing director and Head Asia-Pacific of Global Partnership of Swiss Re sign the agreement on behalf of the two parties. Mr. Menzinger points out that Swiss Re is very pleased to contribute to ChinaÕs social and economic development by rendering relevant financial and technological support as well as expertise for the research on this subject, including providing leading international case studies on parametric insurance solutions. Mr. Lu Qin, President of Swiss China, says: ÒSwiss Re has been long working on promoting insurance solutions for mitigating the losses of natural disasters in China. This joint research program enables Swiss Re to work more closely with Chinese government and make sure insurance plays a greater role in disaster relief and mitigation.Ó
