Workshop - Solvency II & Risk Management

Presentations:

• Prof. Karel Van HULLE, KU Leuven and Goethe University Frankfurt, Chairman of the IRSG of EIOPA, Member of the PIOB and former Head of Unit for Insurance and Pensions at the European Commission - Download
• Calin RANGU, Director, Consumer Protection DirectionASF - Financial Supervisory Authority - Download
• Paul MITROI, Director, Regulation/Authorization DirectionInsurance-Reinsurance Sector, ASF - Financial Supervisory Authority - Download
• Sandro FERRARI, Director, C Consulting, Italy, former Head of Reinsurance at IVASS, Istituto per la Vigilanza sulle Assicurazioni - Download

Partner

14.00 - 14.30 - Registration & Welcome Coffee 

14.30 - 17.00 - Conference

Topics

Solvency II: Almost half a year of implementation

• The current status of implementation of the European legislative framework at the member states level:
  • Are there improvements to the European legislative framework needed?
  • The first effects of Solvency II for the European market and insurance consumers.
• Feedbacks from the member states:
  • The protection through reinsurance has increased?
  • How was the "M&A phenomenon" influenced?
  • Are there insurers who "closed their doors"?

Pillar III: The new challenges of the insurance undertakings

• Public Disclosure: The annual disclosure of SFCR (Solvency and Financial Conditions Report): what, how, when & where will be the information disclosed?
• Regular Supervisory Reporting - RSR: Both at European level and member countries: Are there any challenges in collecting and centralizing the data? How are the data processed?

In the chair:

Razvan TUDOR
Risk Management Specialist

 

Keynote speakers:

Prof. Karel Van HULLE
KU Leuven and Goethe University Frankfurt
Chairman of the IRSG of EIOPA,
Member of the PIOB and former Head of Unit
for Insurance and Pensions at the European Commission Chairman of the IRSG of EIOPA,
Member of the PIOB and former Head of Unit
for Insurance and Pensions at the European Commission
 

Speakers:

Calin RANGU
Director
Consumer Protection Direction
ASF - Financial Supervisory Authority
Romania
 

Paul MITROI
Director, Regulation/Authorization Direction
Insurance-Reinsurance Sector
ASF - Financial Supervisory Authority
 

Paul SWOBODA
President of the Directorate
GRAWE Romania
 

Sandro FERRARI
Director, C Consulting, Italy
former Head of Reinsurance at IVASS
Istituto per la Vigilanza sulle Assicurazioni former Head of Reinsurance at IVASS
Istituto per la Vigilanza sulle Assicurazioni
Sandro started his career in 1975 with Unione Italiana di Riassicurazione SpA – Roma / Swiss Re Italia SpA – Roma. He has been Manager with underwriting authority for: 

• Proportional and non-proportional non-life treaties from South East Asia, Indian Sub-Continent, North Africa;
• Non-life non-proportional treaties directly from French companies and through French, English German reinsurance brokers;
• USA and Canada; in this capacity, he was responsible for the activities of the Canadian Branch of Montreal;
• Proportional and non-proportional treaties and facultative business from Israel;
• Non-life reinsurance treaties from Italian insurance companies.

He has been member of the Board of Directors of Unione Italiana Reins. Co. of America New York (1993-1996).

From 2002 to June 30th, 2005 he joined R.I.B. - Reinsurance International Brokers SpA – Rome. Within this Italian broking group he carried out activities as an intermediary of reinsurance products, and for the start-up of internal policies targeting expansion to international markets;

From July 1st, 2005 up to November 30th, 2012, he joined ISVAP, Istituto per la Vigilanza sulle Assicurazioni Private – Roma (today IVASS), as Head of the Reinsurance Office. In this role he has been:

• Responsible for internal coordination for supervision of reinsurance activities and he has gained significant experience in the field of Solvency 2. He has created the system for collecting data on reinsurance ceded (circular 574D) and has ensured its diffusion within Europe. The Italian system is highly appreciated and supported by EIOPA, which has adopted its logical and operational structure;
• Member of the 'SG3 IGSRR of EIOPA;
• Member of the Reinsurance Sub-Committee of the IAIS (International Association of Insurance Supervisors, Basel);
• Member (representing ISVAP/IVASS) of the working round table set up to treat aspects related to natural disasters and report to the Government (appointed in 2010 by Decree of the Head of the Department of Civil Protection).

Octavian COSENCO
Vicepresident
Life Insurance Section Responsible
ARA - Romanian Actuarial Association