Insurance Distribution in a Changing World
|
|
- Dwight Warner
- 8 years ago
- Views:
Transcription
1 Karel s club EXECUTIVE INSURANCE FORUM Insurance Distribution in a Changing World May 2014 Frankfurt Germany
2 prof. karel van hulle About Karel s Club Trilogue between insurance executives, regulators and academia The insurance industry lives in a time of change. Although its business model is often misunderstood, its importance is increasingly recognised. More regulation can be expected. That regulation will have a profound impact on the way insurance business is carried out. It is important to think about the possible impact of that new insurance regulation before its introduction as well as once it has entered into effect. Karel s Club offers the possibility to discuss new developments in insurance regulation as well as new trends in insurance in an informal setting, between senior management from the insurance industry, stimulated by reflections from academia and from representatives of the regulatory community. The objective is to enable thought provoking discussions on matters of concern to the participants under Chatham rules. The discussions should help to shape strategic thinking about the likely way in which insurance will develop in the coming years as well as on how regulation might influence this development. Proper attention will be paid to the European and international regulatory agenda. Karel s Club seeks to provide space for Executives, who are concerned about the future and want to prepare themselves for the challenges ahead through active discussion, sharing experience with colleagues and regulators in a neutral university environment. The modern Campus Westend of Goethe University in Frankfurt, where ICIR and the House of Finance is located, provides a uniquely rich and productive learning environment, an atmosphere of complete intellectual freedom. The forum discusses one or more Insurance issues, providing a better understanding of the interaction between these issues and Insurance regulation. The meetings organised by the Club are meant to be both informative and directly relevant for the participants. Participants are expected to engage themselves in the debate. Chair Karel s Club is chaired by Prof. Karel van Hulle, Professor at the KU Leuven and at the Goethe University in Frankfurt, former Head of Insurance and Pensions at the European Commission and Executive Board Member of the International Centre for Insurance Regulation (ICIR). target group This forum is addressed to senior management from the insurance industry, i.e. board members, chief risk officers, chief financial officers, actuaries, accountants, regulators, supervisors and policymakers. Although the discussions will take account of European developments in the context of Solvency II, the focus of the meeting will be broader and attention will also be paid to developments in other parts of the world.
3 the experience Meeting with Karel and a select group of high level professionals from the insurance industry and related organizations in the context of Karel s club was a great experience. It was very inspiring to grab in a vitalizing environment the possibility to discuss with an open mind the challenges and opportunities of long term investments. Bart De Smet, CEO, Ageas I appreciated very much the atmosphere of Karel s Club that was ideal to exchange views in an unformal and relaxing way. The quality of exchanges was excellent as people were very open and constructive proposing solutions to very challenging and relevant issues. This is the type of events you want to be part of. Dominique Bourrat Managing Partner, Risk Dynamics Peter Skjødt Executive Director, Danish Insurance Association The first meeting in the Karel s club is probably the first seminar I attended which delivered on all promises and lived up to all my expectations. And my expectations were very high indeed. We were invited to discuss with top professionals in a small group. We met senior officials from EIOPA and supervisors, key executives from the life insurance industry, political lobbyists and we all shared a common goal: based on our interest in the Solvency II project to discuss likely future scenarios, worries, outcomes, obstacles and likely developments. And Karel van Hulle managed the seminar very professionally, yet in a relaxed way, to tie together all presentations and comments so that we could leave the seminar with a sense of really having an improved understanding of key aspects of Solvency II. I was amazed how intense the debate was and how strong the interest from everybody was to actually contribute to and be part of the discussions. I had feared the discussion could be artificial because we had no decision power or output to produce. But interesting discussions just continued, even during lunch and dinner. The seminar was held in beautiful surroundings and the friendly and relaxed atmosphere was underpinned by a cuisine which was a very positive experience in itself.
4 Karel s club 2014 Insurance Distribution in a Changing World May 2014 INTRODUCTION Much has been said and discussed about Solvency II, the new risk based solvency regime for the insurance and reinsurance industry. However, there can be no doubt that the next issue on the agenda of regulators is the way in which the buyers of insurance products are dealt with in practice. Whilst a fair treatment of consumers is an issue for all parts of the financial services industry, this matter is particularly important in insurance as insurance is a product that is not sold but bought. It is therefore necessary to ensure that consumers are well informed about what they are buying and that there is transparency about all aspects of the insurance transaction. A number of regulatory initiatives are on the EU agenda: the revision of the Insurance Mediation Directive (IMD II), the revision of the Market in Financial Instruments Directive (MiFiD II), the introduction of a common regulatory regime for the sale of packaged retail investment products (PRIPS). But not only in the EU, the issue of insurance distribution is on the agenda. Reforms have been called for by the G20, by the OECD and by the IAIS. These regulatory initiatives need to take account of a changing environment whereby developments such as data collection (Big Data) and information technology (Comparison Websites and Aggregators) are having a direct influence on the way in which insurance products are being distributed. The second meeting of the Karel s Club will look at insurance distribution from different angles, benefiting from the input of a number of key experts in the field. The discussion will focus on issues such as: What are the likely regulatory changes in the near future? How will they affect the insurance industry and insurance intermediaries? Will insurance agents be affected more than insurance brokers? Is there a need to also address the wholesale market or should regulation forget about business to business? Should regulators just impose transparency or should they also regulate the way in which the sale of insurance products is being remunerated? How can regulation deal with the low financial literacy of consumers? What do customers prefer? Can they really make a choice between low guarantee products with high profit participation and high guarantee products combined with low profit participation? Is it possible to compare insurance products offered by different providers? How reliable are estimated payments in product fact sheets? Will Comparison Websites and Aggregators take over the role of insurance intermediaries? Will the market in the end be taken over by data collection institutions such as Google?
5 INSURANCE DISTRIBUTION IN A CHANGING WORLD Leading Questions REGULATORY CHALLENGES Is there a need to increase transparency in the distribution of insurance products? Should there be a ban on commissions? Is it possible to distinguish between advice and independent advice? Should insurance investment products be dealt with like other insurance products or just like other investments? How should regulators deal with Comparison Websites? Do consumers need insurance advice? STRATEGIC QUESTIONS How will the insurance industry deal with the changing landscape in insurance distribution? What will be the impact of IMD 2 on insurance intermediaries? How will the market with the largest number of intermediaries cope with the increasing regulation? Will increased EU regulation foster the creation of an internal market for insurance? Are we forgetting the wholesale market? Will increased transparency result in consumers being treated more fairly? POSSIBLE SOLUTIONS Replace commissions with paid advice Introduce net-quoting Distinguish between life and non-life policies Let the consumer take care of him/herself via Comparison Websites Reduce insurance intermediation in order to reduce the price of insurance products Limit increased regulation to the sale of insurance investment products
6 INSURANCE DISTRIBUTION IN A CHANGING WORLD Programme Thursday, 22 May Executive Insurance Forum Opening Prof. Karel Van Hulle, ICIR, Goethe University EIOPA s Approach to Regulating Insurance Distribution David Cowan, EIOPA, Department of Regulation, Co-ordinator of the Consumer Protection and Financial Innovation Team How do Insurance Intermediaries look at the Recent Regulatory Initiatives on Insurance Distribution? Paul Carty, Managing Director ARB Underwriting Ltd and former Chariman of Bipar (Dublin) Nordic Experiences with the Regulation of Insurance Distribution Esko Kivisaari, Deputy Managing Director, Federation of Finnish Financial Services (Helsinki) Challenges of Online Channels for the Distribution of Insurances Prof. Dr. Bernd Skiera, Chair for Electronic Commerce, Goethe University Debate and Discussion Dinner FRIDAY, 23 May Introduction Prof. Karel Van Hulle, ICIR, Goethe University The Role, Position and Economics of the Aggregators in the UK Market Andy Watson, CEO, Ageas UK How Does a Major Insurer Look at the Issue of Insurance Distribution? Marcus Nagel, CEO Life Germany, Zurich Group Germany (Bonn) Experiences from the German Market Prof. Michael Radtke, University of Applied Sciences Dortmund Debate and Discussion Experiences from the Wholesale Market Marie Gemma Dequae, Scientific Adviser FERMA (Brussels) Distribution of Retail Investment Products in the UK: Recent Regulatory Developments Nick Poyntz-Wright, Director of Long-Term Savings & Pensions, Financial Conduct Authority (London) Debate and Discussion Lunch End of Forum
7 Karel s Club is based on the cooperation of two HoF institutions of Goethe University: The International Center for Insurance Regulation (ICIR) and Goethe Business School (GBS). house of finance About ICIR The International Center for Insurance Regulation (ICIR) took up its work at Goethe University in Frankfurt on October 1, It is the first scientific institution worldwide which is focused on the regulation of insurance companies. By fostering high-quality international, independent research on insurance regulation and market solutions to regulatory questions, the ICIR aims at attaining a leading position in its area of research. The ICIR concentrates facts and newest insights in the area of insurance regulation and further develops them by means of independent research. According to the House of Finance philosophy, research is based on an interdisciplinary exchange of the economic and the legal point of view. A major aim of the ICIR is to publish research findings in internationally acknowledged academic journals. It co-organizes conferences and seeks an active dialog with top scientists from all over the world. A planned fellowship program facilitates network-building with internationally renowned scholars. The ICIR benefits from the proximity of important international institutions located in Frankfurt, such as the European Insurance and Occupational Pensions Authority (EIOPA), the European Central Bank (ECB), and the European Systemic Risk Board (ESRB). Because of its scientific independence, the ICIR provides an ideal platform for regulatory authorities, policymakers, and the insurance industry to exchange ideas and seek answers to regulatory issues. ABOUT GOETHE BUSINESS SCHOOL Sited in the heart of one of the world s leading financial centers, Goethe Business School (GBS) is the center for high-quality management education at Goethe University in Frankfurt in close cooperation with the faculty of economics and business administration. GBS is set up as an independent, non-profit organization under private law, held by Goethe University Frankfurt. GBS offers degree programs for individuals and executive education programs for organizations. The part-time Master in Finance is a unique finance degree program designed for young professionals who wish to continue with their careers while pursuing a master s degree. With our executive education programs we offer customized solutions to organizations meeting the learning and development needs for their management levels. With our flexible program portfolio we cover all topics around finance, management and leadership. GBS unique teaching philosophy combines leading research and teaching, outstanding study resources, active networking and hands-on learning. This holistic approach enables develop professional and personal skills in an environment that is at once challenging and supportive. All programs are designed to meet the highest academic quality standards and taught by experienced faculty members from academia and business following an interdisciplinary approach.
8 Poelzig Bau Campus Westend, Goethe University KAREL S CLUB 2014 INSURANCE DISTRIBUTION IN A CHANGING WORLD May 2014 venue Goethe University Campus Westend Poelzig Bau, Eisenhower Room Grüneburgplatz Frankfurt Germany FORUM FEE Euro (incl. VAT) The forum fee includes refreshments and meals Contact & Registration International Center for Insurance Regulation (ICIR) Goethe Business School Jozefina Kontic E: kontic@gbs.uni-frankfurt.de House of Finance Campus Westend Goethe University Grüneburgplatz Frankfurt Germany T: +49 (0) F: +49 (0) E: icir@finance.uni-frankurt.de
The Future of Life Insurance
Karel s club EXECUTIVE INSURANCE FORUM The Future of Life Insurance 24-25 OCTOBER 2013 Frankfurt Germany prof. karel van hulle Trilogue between insurance executives, regulators and academia About Karel
More informationEmerging Risks and Limits of Insurability. 11 12 June 2015 Frankfurt Germany. H o u s e o f Finance
Karel s club EXECUTIVE INSURANCE FORUM Emerging Risks and Limits of Insurability 11 12 June 2015 Frankfurt Germany H o u s e o f Finance prof. karel van hulle About Karel s Club Trilogue between insurance
More informationSolutions. Value. Leadership. Finance. Development. Campus. Complexity. Innovation. horizon. International. Partnership. Executive Education
Executive Education CORPORATE Programs& Executive Solutions Campus Value Academia Complexity University Unique Personality Leadership horizon Finance Executive Innovation International Team Culture Development
More informationEAA Seminar CERA, Module: Risk Management Tools and Techniques 10 12 September 2015 Cologne, Germany
EAA Seminar CERA, Module: Risk Management Tools and Techniques 10 12 September 2015 Cologne, Germany Organised by the EAA - European Actuarial Academy GmbH 1. Introduction CERA Education. Over the last
More informationMBA. Master. Market Access. Part-time berufsbegleitend. Pharmacovigilance. Strategic Management. Regulatory Affairs.
master of Pharma BUSINESS ADMINISTRATION MBA Part-time berufsbegleitend Master of Pharma BUSINESS ADMINISTRATION Health Economics Corporate Finance Strategic Management Regulatory Affairs Production Market
More informationActuarial Discipline: Threat or Opportunity?
Actuarial Discipline: Threat or Opportunity? Risk and Investment Conference Brighton, 17 June 2013 Prof. Karel Van Hulle KU Leuven and Goethe University Frankfurt Actuarial Discipline The importance of
More informationConsultation document on the Review of the Insurance Mediation Directive (IMD) Commission Staff Working Paper
Consultation document on the Review of the Insurance Mediation Directive (IMD) Commission Staff Working Paper This document is a working document of the Internal Market and Services Directorate General
More informationBridge programme for Master of Science in Business Administration
BRUSSELS Bridge programme for Master of Science in Business Administration Faculty of Economics and Business KU Leuven. Inspiring the outstanding. Study Economics and Business in Brussels The Faculty of
More informationInsurance and reinsurance news
Insurance and reinsurance news Insurance Mediation Directive 2 what it means for you Summary On 3 July 2012 the European Commission adopted a proposal to revise the Insurance Mediation Directive (IMD2)
More informationMBA. Master. Market Access. Part-time berufsbegleitend. Pharmacovigilance. Strategic Management. Regulatory Affairs.
master of Pharma BUSINESS ADMINISTRATION MBA Part-time berufsbegleitend Master of Pharma BUSINESS ADMINISTRATION Health Economics Corporate Finance Strategic Management Regulatory Affairs Production Market
More informationHow To Get A Degree From The Brussels School Of International Relations
The UK s European university BRUSSELS SCHOOL OF INTERNATIONAL STUDIES Graduate study BRUSSELS: THE CAPITAL OF EUROPE Home to the main institutions of the European Union and numerous European and international
More informationTHE CRANFIELD IT LEADERSHIP PROGRAMME
THE CRANFIELD IT LEADERSHIP PROGRAMME www.cranfield.ac.uk/som/itlp For IT executives who seek to develop their leadership capability and contribute, both strategically and operationally, to the performance
More informationInsurance Europe response to the Commission Staff Working Document on Consumer Protection in third-pillar retirement products.
Position Paper Insurance Europe response to the Commission Staff Working Document on Consumer Protection in third-pillar retirement products. Our reference: LIF-PEN-13-052 Date: 19 July 2013 Referring
More informationResearch at Henley Business School
The DBA at Henley We attract experienced and motivated individuals to undertake significant research that shapes organisational thinking and provides an increasingly complex business environment. We are
More informationMichael Wade Crown Representative for Insurance Cabinet Office. FT Future of Insurance
Michael Wade Crown Representative for Insurance Cabinet Office FT Future of Insurance Tuesday 30 th June 2015 London as an Insurance Centre The combination of Lloyd s managing agencies and company market
More informationInterview with Gabriel Bernardino, Chairman of EIOPA, conducted by Fabrizio Aurilia, the Insurance Review (Italy)
Interview with Gabriel Bernardino, Chairman of EIOPA, conducted by Fabrizio Aurilia, the Insurance Review (Italy) 1. Since EIOPA was established, how has the role of European supervision of the insurance
More informationMaster of Science in International Business Economics and Management
BRUSSELS t Master of Science in International Business Economics and Management Faculty of Economics and Business Campus Brussels KU Leuven. Inspiring the outstanding. DISCOVER KU LEUVEN Situated in Belgium,
More informationThe Cass PhD Rise to the challenge
The Cass PhD Rise to the challenge Independent thinking in a supportive environment Sir John Cass Business School has a vibrant doctoral programme with around 100 students pursuing research in all fields
More informationINTERNATIONAL EXECUTIVE WEEK IN PROCUREMENT MANAGEMENT
INTERNATIONAL EXECUTIVE WEEK IN PROCUREMENT MANAGEMENT VILLA MONDRAGONE ROME/FRASCATI JANUARY 23/31-2016 An eight-day procurement programme in English designed for senior managers of world-wide public
More informationThe European Federation of Insurance Intermediaries
The European Federation of Insurance Intermediaries Annual Report 2010-2011 www.bipar.eu Annual report 06/2010-05/2011 BIPAR BIPAR, the European Federation of Insurance Intermediaries, is a non-profit
More informationEuroFinuse Response to Giegold - PRIPs Regulation and Its Impact on Retail
EuroFinuse Response to Sven Giegold MEP Call for Input on UCITS, PRIPs and IMD Legislation The European Federation of Financial Services Users (EuroFinuse) is deeply involved in the discussions on the
More informationINTERNATIONAL ADVANCED STUDIES PROGRAMME ON SPORT SAFETY & SECURITY MANAGEMENT
Become a Certified Sport Safety and Security Professional! INTERNATIONAL ADVANCED STUDIES PROGRAMME ON SPORT SAFETY & SECURITY MANAGEMENT Certified Sport Safety and Security Professional www.asp.theicss.org
More informationMaster of Science in Psychology: Theory and Research
LEUVEN t Master of Science in Psychology: Theory and Research Faculty of Psychology and Educational Sciences KU Leuven. Inspiring the outstanding. Discover KU Leuven Situated in Belgium, in the heart of
More informationMaster of Science in Business Administration
BRUSSELS t Master of Science in Business Administration Majors: International Business Management Business Information Management International Relations Faculty of Economics and Business Campus Brussels
More informationTurku School of Economics: Strategy for 2010 2015
Turku School of Economics: Strategy for 2010 2015 Appendix A TURKU SCHOOL OF ECONOMICS STRATEGY FOR 2010 2015 1 The strategic position of the Turku School of Economics... 1 1.1 Operating environment...
More informationSMU PhD IN BUSINESS Advance knowledge at Asia s leading business and management university
SMU PhD IN BUSINESS Advance knowledge at Asia s leading business and management university Message from Associate Dean (Research) and Programme Director The Lee Kong Chian School of Business at the Singapore
More informationMasterclass Cycle on Information Security Management
Masterclass Cycle on Information Security Management Season 2016 The Masterclass Cycle on Information Security Management is a truly European modular programme, co-created with the CIO community, that
More informationPRIPs: Proposed Regulation on pre-sale disclosures for Packaged Retail Investment Products interaction with RDR and MiFID II
gulation on pre-sale disclosures for PRIPS European Commission publishes proposed Regulation on pre-sale disclosures for Packaged R PRIPs: Proposed Regulation on pre-sale disclosures for Packaged Retail
More informationAward in London Market Insurance
Award in London Market Insurance 2016 Information for candidates Build your career in the London insurance market in association with: www.cii.co.uk Award in London Market Insurance The London market is
More information12/11/2012. North America. New York. Risk management and strategy in a low rates environment. insurancerisknorthamerica.com
Regulatory update Economic capital Risk appetite ALM optimization Risk management and strategy in a low rates environment insurancerisknorthamerica.com Inaugural Insurance Risk North America conference
More informationForum of OECD Education Ministers Developing New Tools for Education Policy-Making 13-14 March 2000, Copenhagen, Denmark
Forum of OECD Education Ministers Developing New Tools for Education Policy-Making 13-14 March 2000, Copenhagen, Denmark Knowledge Management in the Learning Society Presentation by Professor David Hargreaves
More informationStakeholders meeting. Ethical protocols and standards for research in Social Sciences today
Stakeholders meeting organised by the Scientific Committee for the Social Sciences Ethical protocols and standards for research in Social Sciences today Date: Thursday 11 June 2015, from 10.00 to 17.00
More informationClinical Academic Career Pathway for Nursing
Clinical Academic Career Pathway for Nursing Clinical Academic Role Descriptors: Research The clinical academic pathway outlined below highlights the range of typical -focused activities that a nurse on
More informationRegulation and the future of the insurance industry
1 Regulation and the future of the insurance industry Speech given by Paul Fisher, Deputy Head of the Prudential Regulation Authority and Executive Director, Insurance Supervision At the Westminster Business
More informationLIVERPOOL HOPE UNIVERSITY FACULTY OF SCIENCE COMPUTER SCIENCE YOUR FUTURE STARTS WITH HOPE
LIVERPOOL HOPE UNIVERSITY FACULTY OF SCIENCE COMPUTER SCIENCE YOUR FUTURE STARTS WITH HOPE 021015 Computer Science Fact File Faculty: Science Department: Mathematics and Computer Science Campus Location:
More informationDistribution channels and impact of legal changes stemming from EU regulation
Distribution channels and impact of legal changes stemming from EU regulation Technical Workshop German Insurance Association and Experts of the Western Balkan Primary Insurance Markets 10 June 2015, Bristol
More informationMaster of Communication Studies New Media and Society in Europe
Master of Communication Studies New Media and Society in Europe A one-year programme in English focusing on one of the most dynamic sectors in Europe. Master of Communication Studies The Master of Communication
More informationImpact of EU legislation on the distribution landscape
Impact of EU legislation on the distribution landscape Are IMD2/MiFID2/PRIPs leading to big changes? Martin Baier Zagreb, 26 th September 2013 2013 Towers Watson. All rights reserved. Towers Watson: the
More informationLINES SECTOR MARKET INSURANCE AND LONDON COMMERCIAL THE ABI WORKING FOR YOU. @BritishInsurers abi.org.uk Follow us on Twitter @BritishInsurers
ABI WORKING FOR YOU COMMERCIAL LINES AND LONDON MARKET INSURANCE SECTOR THE ABI WORKING FOR YOU 3 @BritishInsurers abi.org.uk Follow us on Twitter @BritishInsurers The ABI Working for you We know how important
More informationMBA in Healthcare Management
MBA in Healthcare Management Healthcare Management at a Glance Key features n Designed for senior healthcare industry professionals n Part-time programme taught over two years n Balanced curriculum consisting
More informationMaster Class Money Market Funds and Shadow Banks
The Brussels Diplomatic Academy and Febelfin Academy kindly invite you to Master Class Money Market Funds and Shadow Banks Development and Regulation What are the institutions comprised the market-based
More informationBESS The Business, Economics and Social Studies Programme (TR081)
School of Social Sciences and Philosophy Trinity Business School BESS The Business, Economics and Social Studies Programme (TR081) www.tcd.ie/bess Business We have a host of top international professors
More informationSalzburg ii recommendations. EuroPEan universities achievements SincE 2005 in implementing the Salzburg PrinciPlES
Salzburg ii recommendations EuroPEan universities achievements SincE 2005 in implementing the Salzburg PrinciPlES Copyright 2010 by the European University Association All rights reserved. This information
More informationPhD Program in Cologne. International Max Planck Research School. at the Max Planck Institute for the Study of Societies and the University of Cologne
International Max Planck Research School on the Social and Political Constitution of the Economy PhD Program in Cologne at the Max Planck Institute for the Study of Societies and the University of Cologne
More informationMaster of Science in Artificial Intelligence
Master of Science in Artificial Intelligence Options: Engineering and Computer Science (ECS) Speech and Language Technology (SLT) Big Data Analytics (BDA) Faculty of Engineering Science Faculty of Science
More informationBA/BSc Liberal Arts and Sciences
BA/BSc Liberal Arts and Sciences Bright people. Create the difference. Liberal Arts and Sciences at UCG To see the path forward, take a step back. At University College Groningen, we understand that complex
More informationResponse from the Danish FSA regarding the consultation on the Review of the Insurance Mediation Directive (IMD)
European Commission DG Internal Market and Services B- 1049 Brussels 2 March 2011 Response from the Danish FSA regarding the consultation on the Review of the Insurance Mediation Directive (IMD) The Danish
More informationFRAMEWORK FOR CONSULTATION OF CEIOPS AND OTHER STAKEHOLDERS ON SOLVENCY II
Annex 1 to MARKT/2506/04-EN FRAMEWORK FOR CONSULTATION OF CEIOPS AND OTHER STAKEHOLDERS ON SOLVENCY II Purpose of this document The purpose of this paper is to consult the Insurance Committee on a framework
More informationInvestor survey of fixed income liquidity 2013
Investor survey of fixed income liquidity 2013 Association for Financial Markets in Europe Sponsored by: About AFME The Association for Financial Markets in Europe (AFME) is the voice of Europe s wholesale
More informationEAA Seminar Solvency II for Non-Life Actuaries 14/15 May 2014 Paris, France
EAA Seminar Solvency II for Non-Life Actuaries 14/15 May 2014 Paris, France Organised by the EAA - European Actuarial Academy GmbH 1. Introduction Solvency II will apply starting from 1/1/16 and hence
More informationCAS Digital Innovation and Business Transformation
CAS Digital Innovation and Business Transformation Empowering you to master digital transformation The Digital Age is here. The Net Generation has arrived. Meet the future. We are pleased to present to
More information12th to 13th of June Karlsruhe, Germany
12th to 13th of June Karlsruhe, Germany CO ORGANISED BY THE EUROPEAN ORGANISATION FOR SUSTAINABLE DEVELOPMENT (EOSD) AND ASSOCIATION OF DEVELOPMENT FINANCING INSTITUTIONS IN ASIA & THE PACIFIC (ADFIAP)
More informationAUDITORS LIABILITY AND ITS IMPACT ON THE EUROPEAN CAPITAL MARKETS ABI RESPONSE TO EUROPEAN COMMISSION DG INTERNAL MARKET CONSULTATION PAPER
AUDITORS LIABILITY AND ITS IMPACT ON THE EUROPEAN CAPITAL MARKETS ABI RESPONSE TO EUROPEAN COMMISSION DG INTERNAL MARKET CONSULTATION PAPER INTRODUCTION In January 2007 the EU Commission published a consultation
More informationClient Engagement and Compensation Guide
Aon Risk Solutions Client Engagement and Compensation Guide Risk. Reinsurance. Human Resources. Introduction The aim of this document is to provide a high-level summary of the work that Aon Risk Solutions
More informationOwn Risk and Solvency Assessment Within the Solvency II Framework and its Interplay with the Quantitative Solvency Capital Requirements
Prof. Dr. Helmut Gründl and Prof. Dr. Jens Gal Own Risk and Solvency Assessment Within the Solvency II Framework and its Interplay with the Quantitative Solvency Capital Requirements Policy Letter Series
More information/ Doctorate of Business Administration
/ Doctorate of Business Administration Sunderland Business School s Doctorate of Business Administration programme (DBA) is a stimulating, innovative programme which has been developed to strengthen your
More informationASSOCIATION OF AFRICAN BUSINESS SCHOOLS. BUSINESS SCHOOL QUALITY REVIEW Draft dated 10 November 2010
ASSOCIATION OF AFRICAN BUSINESS SCHOOLS BUSINESS SCHOOL QUALITY REVIEW Draft dated 10 November 2010 The AABS quality review entails a group of peers visiting a member or prospective member school to discuss
More informationStrategy of the Federal and Länder Ministers of Science. for the Internationalisation of the Higher Education Institutions.
Strategy of the Federal and Länder Ministers of Science for the Internationalisation of the Higher Education Institutions in Germany (Resolution of the 18th Meeting of the Joint Science Conference in Berlin
More informationEBF preliminary position on the European Commission proposal for an insurance mediation directive (Recast)
EBF Ref.: D2142F 10.01.13 Launched in 1960, the European Banking Federation is the voice of the European banking sector from the European Union and European Free Trade Association countries. The EBF represents
More informationLeadership in Action Briefing Pack: Cohorts 15 & 16
Leadership in Action Briefing Pack: Cohorts 15 & 16 Introduction 2 1 Context of leadership development at the University of York 3 2 Principles of the core leadership programmes 5 3 Methodology and principles
More informationGuidelines for Doctoral Programs in Business and Management
Guidelines for Doctoral Programs in Business and Management Version EIASM EDAMBA, September 15 th, 2015 Background to this document The EIASM and EDAMBA have long standing traditions and experiences with
More informationWednesday 23/1/2013. Check against Delivery. Madame Chairman, Vice-Chairs and members of the ITRE Parliamentary Committee,
Presentation by Mr Richard Bruton, Minister of Jobs, Enterprise and Innovation to the Industry Research and Energy Committee of the European Parliament, Brussels Wednesday 23/1/2013 Check against Delivery
More informationDiscours de. Madame Danielle Boulet. Surintendante de l encadrement de la solvabilité. Autorité des marchés financiers
Discours de Madame Danielle Boulet Surintendante de l encadrement de la solvabilité Autorité des marchés financiers At the Canadian association of Financial Institutions in Insurance ( CAFII ) BOARD OF
More informationPROFESSIONAL INDEMNITY FORUM CONFERENCE TRIALISTS, TROUBADOURS AND TRICKSTERS 7-9 JULY 2015 KEBLE COLLEGE, OXFORD
PROFESSIONAL INDEMNITY FORUM CONFERENCE TRIALISTS, TROUBADOURS AND TRICKSTERS 7-9 JULY 2015 KEBLE COLLEGE, OXFORD THE CONFERENCE This is the nineteenth Conference organised on behalf of the Professional
More informationIsle of Man Government
Isle of Man Government Commitment to Combating Money Laundering and the Financing of Terrorism & Proliferation Council of Ministers June 2012 Isle of Man Government Commitment to Combating Money Laundering
More informationDYNAMIC HEDGING ESSENTIALS, MASTER CLASS AND WORKSHOP
DYNAMIC HEDGING ESSENTIALS, MASTER CLASS AND WORKSHOP Chicago, Illinois August 8 9, 2013 About the course Tremendous advances have been made in the last few years in the area of dynamic hedging of variable
More informationAs a global centre of excellence in hospitality and tourism education
Executive Development Programme in Hospitality 2015/16 Hong Kong PolyU Winter School 7-19 December 2015 As a global centre of excellence in hospitality and tourism education and research, the at The Hong
More informationSergio Balbinot - The Italian Insurance Convention
Sergio Balbinot conference opening speech 27 May 2015 Introduction Good morning ladies and gentlemen, I would like to thank you for joining us here today for our 7 th annual international insurance conference.
More informationInsurance Risk Europe
DAY 1: 1 st October, London Content and timings are subject to change Insurance Risk magazine's 8 th annual conference Insurance Risk Europe 07:50 Registration and refreshments 08:20 Welcoming remarks
More informationPensionsEurope position paper on personal pension products
March 2014 PensionsEurope position paper on personal pension products About PensionsEurope PensionsEurope represents national associations of pension funds and similar institutions for workplace pensions.
More informationMaster of Intellectual Property Rights
Master of Intellectual Property Rights DUTCH-LANGUAGE DIPLOMA Faculty of Law Campus Brussels KU Leuven. Inspiring the outstanding. Master of Intellectual Property Rights This advanced master s programme
More informationUK Insurance Key Facts. September 2010
UK Insurance Key Facts September 2010 The UK insurance industry is the third largest in the world and the largest in Europe. It is a vital part of the UK economy, managing investments amounting to 24%
More informationTurning disruption to advantage
www.pwc.ie/insurance Turning disruption to advantage 85% are confident about growth < Page 1 > 72% see more opportunities than threats < Page 4 > 87% believe regulation is the greatest industry disruptor
More informationUniversity Academic Fellow Surface Analysis and Surface Engineering in Tribology and Corrosion
Faculty of Engineering School of Mechanical Engineering University Academic Fellow Surface Analysis and Surface Engineering in Tribology and Corrosion With a vision and drive to develop a prestigious internationally
More informationStichting Inspire2Live. Financial Report 2011
Financial Report 2011 Report on the financial statements for the year 2011 Contents Board report 4 Financial statements 6 Balance sheet as at 31 December 2011 6 Profit and loss account for the year ended
More informationUNIVERSITY OF SUSSEX. 1. Advertisement Ref: 144
UNIVERSITY OF SUSSEX 1. Advertisement Ref: 144 School of Psychology Research Fellow in Psychology 0.4 FTE, Fixed Term Contract for 24 months, Salary range: starting at 31,342 and rising to 37,394 per annum
More informationEuropean debt crisis essay wins scholarship for German student
MEDIA RELEASE THREADNEEDLE ANNOUNCES SCHOLARSHIP PRIZE WINNERS European debt crisis essay wins scholarship for German student LONDON 27 SEPTEMBER: German student Caroline Duong has won the 2011 Threadneedle
More informationWelcome to Atlas. Michael Gatt CEO
Let s talk Welcome to Atlas The Atlas Group of companies is one of Malta s foremost insurance and financial services organisations. The basis of Atlas operations is a philosophy of integrity, honesty and
More informationThe Graduate School The Loughborough Doctoral Experience
The Graduate School The Loughborough Doctoral Experience PhD and EngD Programmes at Loughborough University www.lboro.ac.uk/graduateschool What is a Doctorate? A Doctorate is one of the highest academic
More informationDoctoral Education in the European Higher Education Area from a University Perspective
Doctoral Education in the European Higher Education Area from a University Perspective Lesley Wilson Secretary General European University Association 3rd Cycle Degrees: Competences & Researcher Careers
More informationInstitute of Philosophy
Institute of Philosophy Study Programmes Discover KU Leuven Situated in the heart of Western Europe, KU Leuven has been a centre of learning for nearly six centuries. Today, it is Belgium s largest university.
More informationNEWS & VIEWS. Global Trustee and Fiduciary Services
4 Can Asia Fund Passporting Emulate the Success of Europe s UCITS? A look at funds-passporting schemes announced across Asia and their chances of success. 13 Capital Markets Union: What Is It and What
More informationTeaching and Research in Finance in Switzerland
Teaching and Research in Finance in Switzerland Paul Embrechts Deapartment of Nathematics Director RiskLab ETH Zurich www.math.ethz.ch/~embrechts I will only give a very brief overview and this mainly
More informationDeveloping Value Chain Leaders CAMELOT & the Mannheim Part-Time MBA
Developing Value Chain Leaders CAMELOT & the Mannheim Statements The goal of our strategic partnership with CAMELOT is to develop value chain experts and leaders who make a difference to complement our
More information2 September 2014. General comments
GFIA response to the IAIS Draft Procedures on Meeting Participation and the Development of Supervisory and Supporting Material and Draft Policy for Consultation of Stakeholders. General comments The Global
More informationHow To Make A Trinity Phd More Structure
The Trinity PhD: How does excellence evolve? Dean of Graduate Studies, TCD February 4, 2009 1 Introduction While the title of PhD has been around for centuries, the first PhD as recognised today was awarded
More informationTeaching and Learning Strategy for UCL Computer Science. Stage 1: the narrative or vision
LONDON S GLOBAL UNIVERSITY Teaching and Learning Strategy for UCL Computer Science Stage 1: the narrative or vision What does the department stand for? What does it want to achieve? What is it going to
More informationAon Risk Solutions Global Risk Consulting Captive & Insurance Management. Cyber risk and the captive market - a match made in the cloud?
Aon Risk Solutions Global Risk Consulting Captive & Insurance Management Cyber risk and the captive market - a match made in the cloud? With increasing news coverage of cyber-attacks and despite indications
More informationProfessional Managers Annual Conference Adding value to business schools Programme
Professional Managers Annual Conference Adding value to business schools Programme 3-4 December 2015, Regent s University London Professional Managers Annual Conference 2015 - Adding value to business
More informationEuropean Pensions 2005 The Pursuit of Risk-Free Pensions
European Pensions 2005 The Pursuit of Risk-Free Pensions PROGRAMME A major two-day international conference organized in association with the European Federation for Retirement Provision Monday 11 April
More informationMahmoud Mohieldin, Ph.D. Managing Director The World Bank, Washington D.C. Knowledge sharing for global development Building up new partnerships
Public Lecture Mahmoud Mohieldin, Ph.D. Managing Director The World Bank, Washington D.C. Knowledge sharing for global development Building up new partnerships 17 November 2011 17:00 h German Development
More informationBlackRock is pleased to have the opportunity to respond to the FCA Discussion Paper on the use of dealing commission regime.
31 October 2014 Wholesale Conduct Policy Team Financial Conduct Authority 25 The North Colonnade Canary Wharf London E14 5HS Submitted via email to: dp14-03@fca.org.uk RE: DP 14/03: Discussion on the use
More informationat London Business School Transforming Your Future Developing Leaders at Lloyd s
at London Business School Transforming Your Future Developing Leaders at Lloyd s CONTENTS 2 Are you ready to take charge? 3 London Business School and Lloyd s 6 Have you got what it takes? 8 How it works
More informationBusiness School DBA The Professional Doctorate in Business Administration
Business School DBA The Professional Doctorate in Business Administration Studied part-time, our DBA is the natural choice for experienced managers who wish to engage in the creation and interpretation
More informationDelegated authority: Outsourcing in the general insurance market
Financial Conduct Authority Delegated authority: Outsourcing in the general insurance market June 2015 Thematic Review TR15/7 Delegated authority: Outsourcing in the general insurance market TR15/7 Contents
More informationAddress by Mark Burke, Head of Life Insurance Supervision to A future for the Life & Pensions Industry conference, Dublin, 31 January 2013
Address by Mark Burke, Head of Life Insurance Supervision to A future for the Life & Pensions Industry conference, Dublin, 31 January 2013 Introduction Good afternoon ladies and gentlemen. I am grateful
More informationPersonal Non-Life Insurance Brokers in the UK
Personal Non-Life Insurance Brokers in the UK Report Prospectus July 2015 Finaccord Ltd., 2015 Web: www.finaccord.com. E-mail: info@finaccord.com 1 Prospectus contents Page What is the research? What is
More informationKeynote Speech, EIB/IMF Meeting, 23 October, Brussels
Keynote Speech, EIB/IMF Meeting, 23 October, Brussels Governor Carlos Costa Six years since the onset of the financial crisis in 2008, output levels in the EU are below those observed before the crisis.
More informationMSc Agricultural Economics
Graduate Institute of International Development and Applied Economics (GIIDAE) MSc Agricultural Economics Understanding economic concepts and policies to promote world agricultural development 3 Postgraduate
More informationConsultation on the Regulation of Chief Risk Officer roles under the Solvency II regime Part 2 - Detailed considerations
Consultation on the Regulation of Chief Risk Officer roles under the Solvency II regime Part 2 - Detailed considerations by the Regulation Board Publication Date: 23 December 2014 Closing date: 23 February
More information