Transcript 6th Annual Conference of EIOPA

Programme
6th Annual Conference of EIOPA
Exploring new horizons
Tuesday, 18 October 2016
Theatersaal Hotel InterContinental
Frankfurt am Main
Dear Sir/Madam,
I have the pleasure to invite you to the 6th Annual Conference of the European Insurance
and Occupational Pensions Authority (EIOPA) held on 18 October 2016 in Frankfurt am
Main (Germany).
The 6th Annual EIOPA Conference will include distinguished speakers and three panel
discussions entitled as follows:

Challenges of supervision under Solvency II

A single market for pensions

Digital transformation in the insurance sector: risks and opportunities
Also this year's Annual Conference will be a unique opportunity for high-level
contributions and exchange of views on recent regulatory and supervisory developments
and related challenges in the (re)insurance and pensions sectors as well as for interesting
and lively discussions.
I am very much looking forward to welcome you at our Conference.
Yours sincerely,
Gabriel Bernardino
Chairman
EIOPA - Westhafenplatz 1 - 60327 Frankfurt am Main
Contact: [Phone] +49-69-95-11-19-20 [E-mail] [email protected]
Registration
08:30-09:30
Welcome Address
09:30-10:00
Gabriel Bernardino
Chairman, EIOPA – European Insurance and Occupational
Pensions Authority
Introduction
10:00-10:15
Challenges of supervision under Solvency II
10:15-12:00
With Solvency II all European supervisors are called to implement a supervisory
review process for a regime which is essentially risk-based, forward-looking and
putting increased responsibility on the companies’ own assessment of risk. This
requires a supervisory culture throughout Europe that ensures high quality supervision
as well as long term convergence of supervisory practices, aiming at preventing
competitive distortions and regulatory arbitrage. For this, supervisors need to be
equipped and consider actively the implementation of the risk-based supervisory
culture. Given the different starting points across Europe, the effectiveness of
supervision under SII and the supervisory convergence can only be measured over
time. The panel will be discussing what it takes to witness the emergence of a
European Supervisory Approach in the next few years and where most efforts may be
required.
Sylvia Cronin
Director of Insurance Supervision, Central Bank of Ireland
Alberto Minali
General Manager and Group Chief Financial Officer,
Assicurazioni Generali S.p.A.
Prof. Dr. Martin Eling Director of the Institute of Insurance Economics and Chair for
Insurance Management, University of St. Gallen
Emmanuel Van Grimbergen Chairman, Chief Risk Officers Forum and Group Risk
Officer, Ageas
Moderation:
Patrick Hoedjes
Head of Oversight and Operations, EIOPA – European
Insurance and Occupational Pensions Authority
EIOPA - Westhafenplatz 1 - 60327 Frankfurt am Main
Contact: [Phone] +49-69-95-11-19-20 [E-mail] [email protected]
Lunch break
12:00-13:30
Press conference
12:00-12:45
with Gabriel Bernardino, Chairman of EIOPA – European Insurance and Occupational
Pensions Authority
A single market for pensions
13:30-14:45
The single market is held to be one of the principal benefits of the EU. Does the current
regulatory framework for pensions optimise these benefits or does the 76 cross-border
schemes suggest that more could be done? With developments on the IORP II Directive,
and personal pensions playing a role in development of the Capital Market Union, these
developments provide impetus and momentum to discuss a single market for pensions.
Lesley Titcomb
Chief Executive, The Pensions Regulator of the United Kingdom
Olivier Klaric
Senior Vice President, Group Treasurer, Sanofi
Martin Merlin
Director, Regulation and Prudential Supervision of Financial
Institutions, Directorate General FISMA, European Commission
Moderation:
Philip Shier
Coffee break
Chairperson, Actuarial Association of Europe
14:45-15:15
EIOPA - Westhafenplatz 1 - 60327 Frankfurt am Main
Contact: [Phone] +49-69-95-11-19-20 [E-mail] [email protected]
Digital transformation in the insurance sector:
risks and opportunities
15:15-16:45
The digital transformation in the insurance sector is on the go. “Finovation” can increase
transparency, simplicity and accessibility across the internal market for consumers. It
however also raises questions on data protection and ownership of user data. For market
participants “Finovation” offers new opportunities of cooperation and distribution, but
also poses challenges in this respect. The panel will explore the challenges faced by
supervisors and undertakings alike regarding, for example, how to meet the expectations
of digital natives while regulatory frameworks are often based on technologies from the
last millennium. Panelists will also address opportunities of Finovation and how a sound,
yet technologically open supervisory framework can enable growth.
Thomas Buberl
Chief Executive Officer, AXA
Armin Molla
Chief Executive Officer and Founder, ED Ensure Digital GmbH
Teresa Fritz
Member of Financial Services Consumer Panel of the United
Kingdom
Jonathan Howe
United Kingdom Insurance Leader, PricewaterhouseCoopers LLP
Moderation:
Peter Braumüller
Closing remarks
Fausto Parente
Get-Together
Alternate Chairman, EIOPA – European Insurance and Pensions
Authority
Managing Director Insurance and Pension Supervision, Austrian
Financial Market Authority (FMA)
16:45-17:00
Executive Director, EIOPA– European Insurance and Pensions
Authority
17:00-18:00
EIOPA - Westhafenplatz 1 - 60327 Frankfurt am Main
Contact: [Phone] +49-69-95-11-19-20 [E-mail] [email protected]
EIOPA BOARD OF SUPERVISORS
Austria
Belgium
FMA - Finanzmarktaufsichtbehörde (Financial Market Authority)
NBB - Nationale Bank van België (National Bank of Belgium)
FSMA - Autorité des services et marchés financiers - (Financial Services and
Markets Authority)*
Bulgaria
Комисия за Финансов Надзор (Financial Supervision Commission)
Croatia
HANFA - Croatian Financial Services Supervisory Agency
Cyprus
Αρμοδιότητα της Υπηρεσίας Ελέγχου Ασφαλιστικών Εταιρειών (Cyprus Insurance
Companies Control Service)
Registrar of Occupational Retirement Benefit Funds *
Czech Republic CNB - Ceska Narodni Banka (Czech National Bank)
Denmark
Finanstilsynet (Danish FSA)
Estonia
Finantsinspektsioon (Estonia Financial Supervision Authority)
Finland
FIN-FSA - Finanssivalvonta (Finnish Financial Supervisory Authority)
France
ACPR - Autorité de Contrôle Prudentiel et de Résolution(Prudential Control
Authority)
Germany
BaFin - Bundesanstalt fÜr Finanzdienstleistungsaufsicht (Federal Financial
Supervisory Authority)
Greece
Τράπεζα της Ελλάδος (Bank of Greece - Department of Private Insurance
Supervision)
ΓΕΝΙΚΗ ΓΡΑΜΜΑΤΕΙΑ ΚΟΙΝΩΝΙΚΩΝ ΑΣΦΑΛΙΣΕΩΝ (General Secretariat for Social
Security)*
Hungary
MNB – Magyar Nemzeti Bank (Central Bank of Hungary)
Iceland
FME – FjármálaeftirlitiÜ (The Financial Supervisory Authority) **
Ireland
Central Bank of Ireland
The Pensions Authority*
Italy
IVASS – Istituto per la Vigilanza sulle assicurazioni
COVIP - Commissione di Vigilanza sui Fondi Pensione*
Latvia
Finanšu un Kapitāla Tirgus Komisija (Financial Capital Market Commission)
Liechtenstein
Finanzmarktaufsicht (Financial Market Authority) **
Lithuania
Lietuvos Bankas (Bank of Lithuania)
Luxembourg
Commissariat aux Assurances
CSSF - Commission de Surveillance du Secteur Financier*
Malta
MFSA - Malta Financial Services Authority
Netherlands
DNB - De Nederlandsche Bank (National Bank of Netherlands)
Norway
Finanstilsynet (The Financial Supervisory Authority of Norway) **
Poland
KNF - Komisja Nadzoru Finansowego (Financial Supervision Authority)
Portugal
ASF – Autoridade de Supervisão de Seguros e Fundos de Pensões (Portuguese
Insurance and Pension Funds Supervisory Authority)
Romania
ASF – Autoritatea de Supraveghere Financiara (Financial Supervisory Authority)
Slovakia
NBS - Narodna Banka Slovenska (National Bank of Slovakia)
Slovenia
AZN - Agencija za Zavarovalni Nadzor (Insurance Supervision Agency)
Spain
Dirección General de Seguros y Fondos de Pensiones, Ministerio de Economía y
Competitividad
Sweden
Finansinspektionen (Financial Supervisory Authority)
United Kingdom PRA – Bank of England Prudential Regulation Authority
The Pensions Regulator*
*Permanent Representative **Observer
EIOPA - Westhafenplatz 1 - 60327 Frankfurt am Main
Contact: [Phone] +49-69-95-11-19-20 [E-mail] [email protected]