Seminario Ejecutivo IAIS-ASSAL-OECD

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 15, 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

10:30 – Coffee Break 10:45

10:45 – ASSAL Plenary Session (1st part: Corporative 12:30 affairs) ASSAL Members 12:30 – Lunch 14:00

14:00 – ASSAL Plenary Session (2nd part: Plenary 15:30 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 – Coffee Break 15:45

15:45 – ASSAL Plenary Session (3rd part: Plenary 17:00 discussions, continue).

17:00-18:00 Round Table on mutual interest subjects: ASSAL Members ASSAL - International Actuarial Association (IAA)

Participation of Luis Huerta Rosas, Immediate past president and IAA Ex-Co member.

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.

09:00 – Introduction to ASSAL activities by Luis 09:10 Armando Montenegro, ASSAL, Chairman of the Executive Committee. OECD/IAIS/ASSAL members 9:10 – 9:20 Introduction to IAIS activities by Yoshihiro and industry Kawai, IAIS Secretary General. representatives

9:20 – 9:30 Introduction to OECD activities by Yosuke Kawakami, Principal Administrator, OECD/DAF Outreach Unit for Financial Sector Reform.

Draft Programme 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.

10:00 – Guillermo Aponte Reyes, SPVS, Bolivia 10:30 OECD/IAIS/ASSAL members 10:30 – Coffee Break and industry representatives 11:00

11:00 – Mr. Edward Rivera-Maldonado, Chief 11:30 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 – Flore-Anne Messy, OECD 14:00

14:00 – Lorraine Allan, APRA, Australia 14:30

14:30 – OECD/IAIS/ASSAL members 15:00 Miguel A. Baelo, SSN, Argentina. and industry representatives 15:00 –15:30 Group Discussion Moderator: Flore-Anne Messy, OECD 15:30 – Coffee Break 16:00

Draft Programme Session 3: Panel on Financial Conglomerates

Time Participants

16:00 - Elena Cabrejo Pariente, Reinsurance 16:30 Intendent, SBS, Peru.

16:30 – Yoshihiro Kawai, IAIS. 17:00 OECD/IAIS/ASSAL members and industry representatives 17:00 – Roberto Jerez, CNBS, Honduras 17:30

17:30 – Group Discussion 18:00 Moderator: Yoshihiro Kawai, IAIS.

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

Draft Programme 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

9:25 – 9:50 Michael Orszag, Watson Wyatt, UK. OECD/IAIS/ASSAL members 9:50 – 10:15 Yoshiyuki Imamura, World Water and industry representatives Assessment Programme (WWAP), UNESCO

10:15 – Jorge Claude, FIDES, Secretary General and 10:40 Chairman of the Chilean Insurance Association

10:40 –11:00 Coffee Break

11:00 – Group Discussion 11:30 Moderator: Yosuke Kawakami, OECD

11:30 – Closing and final remarks on the future 12:15 cooperation for the next OECD conference OECD/IAIS/ASSAL members and industry representatives Yosuke Kawakami, OECD. Luis Armando Montenegro, ASSAL Yoshihiro Kawai, IAIS

12:30 – Lunch OECD/IAIS/ASSAL members 14:00 and industry representatives

IAIS–ASSAL Training Seminar

Time Participants

14:00 – Speech by Luis Armando Montenegro, 14:10 ASSAL, Chairman of the Executive OECD/IAIS/ASSAL members Committee and industry representatives

Draft Programme 14:10 – Speech by Yoshihiro Kawai, IAIS, Secretary 14:20 General

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

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

17:00 - 19:00 Session 2: Round Table on Supervision of Reinsurance Operations OECD/IAIS/ASSAL members Moderator: Norma Alicia Rosas, CNSF, and industry representatives México.

OECD/IAIS/ASSAL members 20:00 Bolivian Dinner 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 – Coffee Break 11:30

11:30 – Session 3: Workshop on Insurance Core 12:45 Principles. (2nd part)

12:45 – OECD/IAIS/ASSAL members Closing and Recognitions. 13:15 and industry representatives

Draft Programme