ASSAL XVI Annual Meeting

VI Conference on Insurance Regulation and Supervision in Latin America

Cochabamba, Bolivia February 28 to March 3, 2005.

Organised by the Association of Latin American Insurance Supervisors (ASSAL),

The International Association of Insurance Supervisors (IAIS),

The Organisation for Economic Co-operation and Development (OECD), and

Pensions, Securities and Insurance Superintendence of Bolivia (SPVS)

Draft Programme

This draft programme is planned as of February 18, 2005.

Monday, February 28

ASSAL XVI Annual Meeting

Time
/ Participants
7:30 – 8:30 / Registration /

All Conference Attendees

8:30 – 10:30 /

ASSAL Committee Meetings

/ ASSAL Members
10:30 – 10:45 /

Coffee Break

10:45 – 12:30 /

ASSAL Plenary Session (1st part: Corporative affairs)

12:30 – 14:00 /

Lunch

14:00 – 15:30 /

ASSAL Plenary Session (2nd part: Plenary discussions)

1.  Statistics and data System as an auxiliary to indirect supervision (Brazil)
2.  Anti-money laundering and combating the financing of terrorism
3.  Risk Management and Evaluation Systems
4.  Coordination between supervisors, external auditors and internal auditors, etc.
5.  Operations with linked parties
15:30 – 15:45 /

Coffee Break

15:45 – 17:00 /

ASSAL Plenary Session (3rd part: Plenary discussions, continue).

17:00-18:00 /

Round Table on mutual interest subjects:

ASSAL - International Actuarial Association (IAA)

Participation of Luis Huerta Rosas, Immediate past president and IAA Ex-Co member. / ASSAL Members
20:00 /

ASSAL – FIDES, Dinner and Working Session.

/ FIDES / ASSAL Executive Committee and Chairmen of ASSAL Working Groups
Tuesday, March 1

OCDE–IAIS–ASSAL

VI Conference on Insurance Regulation and Supervision in Latin America

Chairpersons:

Yosuke Kawakami (OCDE), Yoshihiro Kawai (IAIS), and Luis Armando Montenegro (ASSAL)

8:45 – 9:00 /

Opening Remarks by Guillermo Aponte Reyes Ortiz, SPVS -Bolivia and ASSAL Annual Conference Chairman.

/

OECD/IAIS/ASSAL members and industry representatives

09:00 – 09:10 /

Introduction to ASSAL activities by Luis Armando Montenegro, ASSAL, Chairman of the Executive Committee.

9:10 – 9:20 /

Introduction to IAIS activities by Yoshihiro Kawai, IAIS Secretary General.

9:20 – 9:30 /

Introduction to OECD activities by Yosuke Kawakami, Principal Administrator, OECD/DAF Outreach Unit for Financial Sector Reform.

Session 1: Panel on market discipline as part of the supervisory strategy
Objective: This includes areas such as dealing with customers in the selling and handling of insurance policies, and also the integrity of conduct by an insurer as an institutional investor. It also includes disclosure of relevant information both to the market and to policyholders.
Time
/ Participants
9:30 – 10:00 /

Manuel Aguilera Verduzco, CNSF, México.

/ OECD/IAIS/ASSAL members and industry representatives
10:00 – 10:30 /

Guillermo Aponte Reyes, SPVS, Bolivia

10:30 – 11:00 /

Coffee Break

11:00 – 11:30 /

Mr. Edward Rivera-Maldonado, Chief Deputy Commissioner, Office of the Commissioner of Insurance of Puerto Rico, IAIS

11:30- 12:00 /

Group Discussion

Moderator: Ana María Acosta y Lara, SSR, Uruguay

12:00 -13:30 /

Lunch

Session 2: Panel on Governance of Insurers

Objective: This panel will focus on the specificities of the insurance sector as regards to governance issues, including conflicts of interest within the insurance sector, fiduciary role of insurance entities, insurer board’s responsibility, suitability and accountability, key role of whistleblowers such as actuaries and external auditors, importance of the protection of stakeholders (e.g policyholders and participating policyholders) for instance through redress mechanism or disclosure requirements.
Time
/ Participants
13:30 – 14:00 / Flore-Anne Messy, OECD / OECD/IAIS/ASSAL members and industry representatives
14:00 – 14:30 / Lorraine Allan, APRA, Australia
14:30 – 15:00 / Andrea Botto, SSN, Argentina.
15:00 –15:30 /

Group Discussion

Moderator: Flore-Anne Messy, OECD

15:30 – 16:00 /

Coffee Break

Session 3: Panel on Financial Conglomerates

Time
/ Participants
16:00 - 16:30 /

Elena Cabrejo Pariente, Reinsurance Intendent, SBS, Peru.

/ OECD/IAIS/ASSAL members and industry representatives
16:30 – 17:00 /

Yoshihiro Kawai, IAIS.

17:00 – 17:30 /

Roberto Jerez, CNBS, Honduras

17:30 – 18:00 /

Group Discussion

Moderator: Yoshihiro Kawai, IAIS.

20:00 / Dinner with a Key Note Speaker / OECD/IAIS/ASSAL members and industry representatives
Wednesday, March 2

Session 4: Panel on Catastrophic Risk Management and Insurance

Objective: This panel will discuss such issues as the insurability of catastrophic risks, current and planned schemes for insuring such risks in developed and developing countries, challenges and problems in developing and implementing such schemes, and the capacity in markets for such insurance.

9:00 – 9:25 /

Alberto Monti, Bocconi University, Milan, Italy

/ OECD/IAIS/ASSAL members and industry representatives
9:25 – 9:50 /

Michael Orszag, Watson Wyatt, UK.

9:50 – 10:15 /

Yoshiyuki Imamura, World Water Assessment Programme (WWAP), UNESCO

10:15 – 10:40 /

Jorge Claude, FIDES, Secretary General and Chairman of the Chilean Insurance Association

10:40 –11:00 /

Coffee Break

11:00 – 11:30 /

Group Discussion

Moderator: Yosuke Kawakami, OECD

11:30 – 12:15 /

Closing and final remarks on the future cooperation for the next OECD conference

Yosuke Kawakami, OECD.
Luis Armando Montenegro, ASSAL
Yoshihiro Kawai, IAIS / OECD/IAIS/ASSAL members and industry representatives
12:30 – 14:00 /

Lunch

/ OECD/IAIS/ASSAL members and industry representatives

IAIS–ASSAL Training Seminar

Time
/ Participants
14:00 – 14:10 /

Speech by Luis Armando Montenegro, ASSAL, Chairman of the Executive Committee

/ OECD/IAIS/ASSAL members and industry representatives
14:10 – 14:20 /

Speech by Yoshihiro Kawai, IAIS, Secretary General

14:20-16:30 / Session 1: Round Table on International Accounting Rules
Moderator: Elena Cabrejo Pariente, Reinsurance Intendent, SBS, Peru. / OECD/IAIS/ASSAL members and industry representatives
16:30 – 17:00 / Coffee Break /

OECD/IAIS/ASSAL members and industry representatives

17:00 - 19:00 / Session 2: Round Table on Supervision of Reinsurance Operations
Moderator: Norma Alicia Rosas, CNSF, México. / OECD/IAIS/ASSAL members and industry representatives
20:00 / Bolivian Dinner / OECD/IAIS/ASSAL members and industry representatives
Thursday, March 3
Time
/ Participants
9:00 – 11:15 /

Session 3: Workshop on Insurance Core Principles “Corporate Governance” (ICP9)

Moderator: Yoshihiro Kawai,, IAIS. / OECD /IAIS /ASSAL members and industry representatives
11:15 – 11:30 /

Coffee Break

11:30 – 12:45 /

Session 3: Workshop on Insurance Core Principles. (2nd part)

12:45 – 13:15 / Closing and Recognitions.
Lunch to be held at the country site. / OECD/IAIS/ASSAL members and industry representatives

Draft Programme