XIX ASSAL Annual Meeting, IX Conference on Regulation and Insurance Supervision in Latin America and Training Seminar

May 19th to 23rd, 2008, Madrid, Spain

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

The International Association of Insurance Supervisors (IAIS),

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

The Spanish General Directorate of Insurance and Pension Funds (DGSFP)

Draft programme

(As of May 15, 2008)

Sunday May 18th, 2008

All day / Airport reception and transfer to the hotel
20:00 – 22:00 / Welcome Cocktail

Monday May 19th, 2008

XIX ASSAL Annual Meeting

8:00 – 8:30 / Registration /

Closed Session: ASSAL Members Only

8:30 - 9:00 / Opening Remarks by D. Ricardo Lozano Aragüés, General Director of the Insurance and Pension Funds of Spain and ASSAL Annual Conference Chairman
Opening Remarks by D. Manuel Aguilera Verduzco, President of the Mexican Insurance and Surety National Commission of Mexico and President of the ASSAL Executive Committee.
9:00 – 11:00 / ASSAL Committee Meetings
11:00 – 11:15 / Coffee break
11:15 – 12:45 / ASSAL Plenary Session, 1st part: Corporative affairs [Agenda to be circulated by ASSAL Secretariat]
12:45 – 13:45 / ASSAL Plenary Session, 2nd Part: Discussion on common interest issues [Agenda to be circulated by ASSAL Secretariat]
13:45 – 15:30 / Lunch
13:45 – 15:30 / ASSAL’ Ex-Co & FIDES Lunch / ASSAL Ex-Co Members & Fides
OCDE – IAIS – ASSAL
IX Conference on Insurance Regulation and Supervision in Latin America
15:30 – 15:40 / Opening Remarks by D. Ricardo Lozano Aragüés, General Director of the Insurance and Pension Funds of Spain and ASSAL Annual Conference Chairman / OECD/IAIS/ASSAL members and industry representatives
15:40 – 15:50 / Introduction to IAIS activities by D. Yoshihiro Kawai, IAIS Secretary General
15:50 – 16:10 / Introduction to OECD and ASSAL activities by D. Manuel Aguilera Verduzco, President of the Mexican Insurance and Surety National Commission, President of ASSAL Executive Committee and OECD Insurance and Private Pensions Committee Chair
Panel 1: Preconditions for an Effective Insurance Supervision
[This panel aims to provide a forum for those who are, directly or indirectly, involved in strengthening supervisory and regulatory capabilities in emerging markets and to those whose experience on this topics is worth to be shared with the OECD/ASSAL/ IAIS community] / OECD/IAIS/ASSAL members and industry representatives
16:10 – 16:40 / Martha Magdalena Bonilla, Superintendent, CNBS, Honduras
16:40 – 17:10 / Yoshi Kawai, IAIS Secretary General.
17:10 – 17:30 / Coffee break
17:30 – 18:00 / François Tempé, ACAM, France
18:00 – 18:30 / Group Discussion
Moderator: Ernesto Rosa, SSN, Argentina.
20:00 – 22:00 / Dinner MAPFRE

Tuesday May 20th, 2008

Panel 2: Reinforcement of Efficiency and Effectiveness in Insurance Regulation

[This panel aims to provide a forum to discuss experiences on the adoption of better regulatory practices with a view to enhancing the efficiency and effectiveness of regulation, including better communication with stakeholders and the reduction or removal by governments and regulators of unnecessarily burdensome insurance regulations and regulatory structures.]

/ OECD/IAIS/ASSAL members and industry representatives
9:00 – 9:30 / Michael Mayer, FOPI, Switzerland
9:30 – 10:00 / Mr Dámaso Sanz, Spain
10:00 – 10:30 / Armando Vergilio dos Santos, SUSEP, Brazil
10:30 – 11:00 / Group Discussion Moderator: Timothy Bishop, OECD Secretariat
11:00 – 11:30 / Coffee break
Panel 3: Tools for anti money laundering in the insurance sector
[Insurance sector as other sectors of the financial services industry are at risk of being misused for money laundering and the financing of terrorism. This Panel will present country experiences in designing and implementing legal frameworks aimed to avoid ways of concealing illegitimate origin of funds.]
11:30 – 12:00 / John Carlson, FATF Secretariat
12:00 – 12:30 / Yoshi Kawai, IAIS Secretary General.
12:30 – 13:00 / Dorelisse Juarbe, OCS, Puerto Rico.
13:00 – 13:30 / Group Discussion Moderator: Norma Alicia Rosas, CNSF, Mexico
13:30 – 15:00 / Lunch
Panel 4: Solvency II, Pillar III: Market discipline
[This panel will analyze the Pillar III which aims to enhance public disclosure for reinforcing market discipline and the harmonization of supervisory reporting. The project will be analyzed from different countries’ perspectives].
15:00 – 15:30 / Mr. Gabriel Bernardino, ISP, Portugal
15:30 – 16:00 / Mr. Peter Braumüller (Austria), Vice-Chair of the IAIS Technical Committee
16:00 – 16:30 / Manuel Aguilera-Verduzco, CNSF, Mexico
16:30 – 17:00 / Group Discussion
Moderator: Sergio Álvarez Camiña, DGSFP, Spain.
17:00 – 17:30 / Closing of the XIX Conference on Insurance Regulation and Supervision in Latin America
ASSAL – CEIOPS Meeting / ASSAL Members and CEIOPS
17:30 – 20:00 / Meeting between ASSAL Executive Committee and CEIOPS’ Managing Board
20:00 – 22:00 / Dinner BBVA Seguros

Wednesday May 21st, 2008

IAIS- ASSAL Training Seminar:
Supervisory Challenges posed by technological changes
8:45 – 9:00 / Opening remarks by D. Manuel Aguilera Verduzco, President of the Mexican Insurance and Surety National Commission, Chairman of the ASSAL Executive Committee and Chairman of the IAIS Implementation Committee. / OECD/IAIS/ASSAL members and industry representatives
Panel on Supervisory Process: Renewal on supervisory techniques. [This panel will address various country experiences].
9:00 – 9:30 / Chilean experience: Osvaldo Macías, SVS, Chile.
9:30 – 10:00 / Peruvian experience: Carlos Izaguirre, SBS, Perú.
10:00 – 10:30 / Recent experiences on the modernization of private insurance, Ricardo Lozano Aragües, DGSFP, Spain
10:30 – 11:00 / Group Discussion
Moderator: Dorelisse Juarbe, OCS, Puerto Rico.
11:00 – 11:30 / Coffee break
Panel on preventive and corrective measures.
Winding-up and market exit.
[This panel will present country experiences in applying reorganization measures and winding-up proceedings concerning insurance undertakings].
11:30 – 12:15 / D. Ignacio Machetti Bermejo, General Director of the Spanish Insurance Compensation Consortium
12:15 – 13:00 / ASSAL speaker, Mabel Ferraro, SSN, Argentina l
13:00 – 13:30 / Group Discussion
Moderator: Ricardo García, SSR, Panamá.
13:30 – 15:00 / Lunch
Panel on Group Supervision ( Financial Conglomerates )
[This panel Focuses on practical implementation of insurance group and conglomerate supervision] / OECD/IAIS/ASSAL members and industry representatives
15:00 – 15:30 / Kim Holland, (Oklahoma, USA)
15:30 – 16:00 / Luis Armando Montenegro, SSF, El Salvador
16:00 – 16:30 / François Tempé, ACAM, France
16:30 – 17:00 / Group Discussion, Moderator: Pedro French, SBS, Perú.
17:00 – 17:30 / Coffee break
20:00 – 22:00 / Gala Santander Seguros

Thursday May 22nd, 2008

Panel on Supervisory cooperation and Information sharing
This panel will analyze the different mechanisms to facilitate the exchange of information between financial supervisors, such as the Memorandum of Understanding / OECD/IAIS/ASSAL members and industry representatives
8:30 – 9:00 / Claudia Giovagnoli, SSN, Argentina.
9:00 – 9:30 / IAIS MMoU by Richard Walker, GFSC, Guernsey.
9:30 – 10:30 / IAIS ILDB by Valerie Staehli, BPV, Switzerland.
10:30 – 11:00 / Group Discussion
Moderator: Lucila Rinaldi, Uruguay.
11:00 – 11:30 / Coffee break
IAIS Case Study: Finite Reinsurance
François Tempé, ACAM / OECD/IAIS/ASSAL members
11:30 – 13:00 / IAIS Case Study: (1st Part)
13:00 – 14:30 / Lunch
14:30 – 16:30 / IAIS Case Study: (2nd Part)
16:30 – 17:00 / Closing and recognitions
Ceremony to Commemorate the Centenary of the approval of the first Spanish Law Ruling Private Insurance. / OECD/IAIS/ASSAL members and industry representatives
19:00 – 20:00 / President of the Spanish Government (TBC)
20:00 – 22:00 / Dinner[1]

Friday May 23rd, 2008

9:00 / Guided tour / OECD/IAIS/ASSAL members

[1] Formal dressing.