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Insurance comprehensive risk framework: are economic & regulatory impacts positive?

Day 1 Afternoon

Wednesday 11 September

Room :

Fennia I - Roundtable

Speakers

Chair
Alberto Corinti
Member of the Board of Directors, IVASS
Public Authorities
Martin Merlin
Director, Bank and Insurance, DG FISMA European Commission
Victoria Saporta
Executive Director, Prudential Policy Directorate, Bank of England & Chair of the Executive Committee, IAIS
Industry Representatives
Tobias Bücheler
Head of Regulatory Strategy, Allianz SE
Joseph Engelhard
Senior Vice President, Head of Regulatory Policy Group, Metlife Inc.

Objectives of the session

The session is dedicated to take stock on what has been achieved in terms of regulations and supervision of the insurance sector in the EU and globally (e.g. micro risk assessment/anticipation tools, macro monitoring approaches, global coordination, etc.), the conditions to fully leverage the strengths of the sector, and also identify possible weaknesses to be addressed.

Points of discussion

What is the expected contribution of insurance groups to the solution of some of the G20 challenges listed by the Japanese presidency? Is the expected contribution of insurers to the G20 challenges, expected to structurally evolve should current macroeconomic trends last?

What are the macroeconomic risks to which the challenges listed by the G20 may expose insurance groups in the current economic context? To what extent is the expected contribution of insurers to the G20 challenges, increasing their exposure to macroeconomic risks?

To what extent might the ICS being developed at the Global level enhance or reduce insurance groups’ contribution to solving these structural challenges?

Are ICS striking the optimal balance between financial stability and macroeconomic contribution of the insurance sector?

What are the main policy priorities to improve the situation?