Developing Insurance in the Face of New Challenges:
Capturing Solvency II and Market Inputs to Expand
the Reach of Insurance The World Bank and IFC jointly organized the inaugural Global Insurance Conference on June 1-2, 2011 in Washington, D.C. The event was attended by 170 participants, including World Bank Group staff. Participants represented 30 countries, including: Ghana, Kenya, Nigeria, South Africa, Malaysia, Philippines, Thailand, Papua New Guinea, Albania, Azerbaijan, Bulgaria, Hungary, Montenegro, Slovenia, Turkey, Uzbekistan, Argentina, Brazil, Colombia, Haiti, Panama, Peru, Israel, Jordan, Saudi , UAE, Bangladesh, and Pakistan. The objective of the conference was to establish a platform for World Bank Group staff, clients, and leading players in the (re)insurance field to discuss and debate new developments, exchange best practice, formulate initiatives and create momentum in select areas. These included: Click here for the full agendaPlease click on the speaker's name below to access the presentations. Wednesday, June 1 9:00-9:15am Opening Remarks 9:15-10:00am Keynote Address: Shaping the Regulatory Environment in (Re)Insurance Carlos Montalvo, Executive Director, European Insurance and Occupational Pensions Authority (EIOPA)
10:00-10:15am Coffee break 10:15-11:30am Session I: The Road to Solvency II: The Regulatory View Moderator: Serap Gonulal, Senior Financial Sector Specialist, Non-Bank Financial Institutions, World Bank Craig Thorburn, Senior Insurance Specialist, Non-Bank Financial Institutions, World Bank Rob Curtis, Director, Insurance Risk Advisory, KPMG József Banyár, Senior Advisor to the President, Hungarian Financial Supervisory Authority
11:30am-12:45pm Session II: Solvency II and its Implementation: Challenges for Market Participants - Moderator: Rodney Lester, Consultant, Non-Bank Financial Institutions, World Bank
Discusssants: - Tommy Persson, President, Comité Européen des Assurances (CEA)
- Thomas Schubert, Head of Governmental Affairs, Munich Re
- Mehmet Ogut, Senior Manager, Actuarial & Insurance Solutions,Deloitte Consulting AG
12:45-2:00pm Luncheon 2:15-3:30pm Session III: Trends in Catastrophe Insurance - Moderator: Loic Chiquier, Manager, Non-Bank Financial Institutions, World Bank
- Debra Lynn Perry, Principal Investment Officer, Global Financial Markets, IFC
- Eugene Gurenko, Lead Insurance Specialist, Non-Bank Financial Institutions, World Bank
- Jan Mumenthaler, Head of Insurance Services Group, Business Risk Department, IFC
3:30-4:00pm Coffee Break 4:00-5:30pm Session IV: Innovations in Agricultural Insurance - Moderator: Martin Buehler, Principal Insurance Officer, Global Financial Markets, IFC
- Olivier Mahul, Program Coordinator, Disaster Risk Financing and Insurance, World Bank
- Gláucio Toyama, Director – Agricultural Insurance, Mapfre Brasil
- Peter Maina, Senior Program Officer, Global Index Insurance Facility (GIIF)
- Heather Miller, Consultant, Access to Finance Global Agrifinance Advisory, IFC
5:30-7:00pm Opening Cocktail & Hors d’oeuvres Reception
Thursday, June 2 9:00 -9:30am Keynote Address on the Increase of Sustainable (Re)Insurance Markets in Emerging Economies 9:30-10:45am Session V: Expansion of Insurance while Increasing Policyholder Protection Measures - Moderator: Warren Isom, Executive Vice President, Willis Re Inc.
- Rodney Lester, Consultant, Non-Bank Financial Institutions, World Bank
- Rana Tahboub, Acting Director-General, Insurance Commission of Jordan
- Darrell Leadbetter, Chief Economist and Vice President of Financial Analysis and Regulatory Affairs, Property and Casualty Insurance Compensation Corporation (PACICC)
- Sammy M. Makove, Commissioner of Insurance and CEO, Insurance Regulatory Authority, Kenya
10:45-11:15am Coffee Break 11:15am-12:30pm Session VI: Islamic Insurance/Takaful - Moderator: Çetin Alanya, Managing Director, Dubai Group Insurance
- Alberto Brugnoni, Founder and Chairman of the Board, ASSAIF, Italy
- Zainal Abidin Mohd.Kassim, Senior Partner, Actuarial Consulting Sdn Bhd, Malaysia
- Ajmal Bhatty, President and CEO, Tokio Marine Middle East Takaful, Dubai
12:30-2:00pm Luncheon Address on the Future of Bancassurance - Harpal Karlcut, Deputy Regional Head Insurance, North America, HSBC
2:15-3:30pm Session VII: Motor Third-Party Liability Insurance - Transitioning from a Tax to a Benefit - Moderator: Serap Gonulal, Senior Financial Sector Specialist, Non-Bank Financial Institutions, World Bank
- Elisabeta Gjoni, Chairperson, Financial Supervisory Authority, Albania
- Ricardo de Sá Acatauassú Xavier, CEO, Seguradora Líder dos Consórcios do Seguro DPVAT, Brazil
- Selamet Yazici, Deputy Director, General Directorate of Insurance, Undersecretariat of Turkish Treasury
- Yves-Daniel Cochand, Managing Director, Property & Specialty, Swiss Reinsurance Company Limited
3:30-3:45 pm Coffee Break 3:45-4:15 pm Address: Innovations in Life and Health Insurance - Alexander Preker, Head of the Health Industry Group and Health Investment Policy Analysis, Investment Climate Advisory Services, The World Bank Group
4:15-5:30 pm Session VIII: Linkage of Banks/Credit with Insurance - Moderator: Martin Buehler, IFC
- Richard Leftley, President and CEO, MicroEnsure
- Gero Verheyen, Underwriter – Reinsurance Syndications Group, MIGA - Multilateral Investment Guarantee Agency, The World Bank Group
- Matthew Mosher, Senior Vice President of Global Ratings, AM Best Company
5:30 pm Closing Remarks followed by a Cocktail Reception
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