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) Final Programme Monday, February 28 ASSAL XVI Annual Meeting 7:30 Registration All Conference Attendees Opening Remarks by Guillermo Aponte Reyes Ortiz, SPVS-Bolivia and ASSAL Annual Conference Chairman. José María ChecoTeather. 9:00 10:30 Introduction to ASSAL activities by Luis Armando Montenegro, ASSAL, Chairman of the Executive Committee. Welcome remarks by Mr. Gonzalo Terceros, Cochabamba s Major. Inauguration remarks by Mr. Carlos D. Mesa Gisbert, Constitutional President of the Republic of Bolivia. 10:30 10:45 Transportation to Portales Palace. 11:00 13:00 ASSAL Committee Meetings 13:00 14:00 Lunch 14:00 15:15 ASSAL Plenary Session (1 st part: Corporative affairs) Portales Palace.
15:15 17:30 ASSAL Plenary Session (2nd part: Plenary 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 ASSAL Members 17:30 17:45 Coffee Break 17:45 18:45 Round Table on mutual interest subjects: 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 09:10 Introduction to ASSAL activities by Luis Armando Montenegro, ASSAL, Chairman of the Executive Committee. 9:10 9:20 Introduction to IAIS activities by Yoshihiro Kawai, IAIS Secretary General. 9:20 9:30 Introduction to OECD activities by Yosuke Kawakami, Principal Administrator, OECD/DAF Outreach Unit for Financial Sector Reform.
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. 9:30 10:00 Manuel Aguilera Verduzco, CNSF, México. 10:00 10:30 Guillermo Aponte Reyes, SPVS Bolivia 10:30 11:00 Coffee Break 11:00 11:30 Mr. Edward Rivera-Maldonado, Chief 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. 13:30 14:00 Flore-Anne Messy, OECD 14:00 14:30 Lorraine Allan, Senior Adviser, Financial System Division, Commonwelth Treasury, Australia 14:30 15:00 Dra. Andrea Botto, SSN, Argentina. 15:00 15:30 Group Discussion Moderator: Flore-Anne Messy, OECD 15:30 16:00 Coffee Break
Session 3: Panel on Financial Conglomerates 16:00-16:30 Yoshihiro Kawai, IAIS. 16:30 17:00 Roberto Jerez, CNBS, Honduras 17:00 17:30 Laura Duque, DGSFP, España. 17:30 18:00 Group Discussion Moderator: Yoshihiro Kawai, IAIS. 20:00 Dinner with a Key Note Speaker 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 9:30 Alberto Monti, Bocconi University, Milan, Italy 9:30 10:00 Michael Orszag, Watson Wyatt, UK. 10:00 10:30 Jorge Claude, FIDES, Secretary General and Chairman of the Chilean Insurance Association 10:30 11:00 Coffee Break 11:00 11:30 Group Discussion Moderator: Yosuke Kawakami, OECD 11:30 12:15 Closing and final remarks on the future cooperation for the next OECD conference Yosuke Kawakami, OECD. Luis Armando Montenegro, ASSAL Yoshihiro Kawai, IAIS 12:30 14:00 Lunch
IAIS ASSAL Training Seminar 14:00 14:10 Speech by Luis Armando Montenegro, ASSAL, Chairman of the Executive Committee 14:10 14:20 Speech by Yoshihiro Kawai, IAIS, Secretary General 14:20-16:30 Session 1: Round Table on International Accounting Rules Moderator: Guillermo Alejandro Maldonado García,, SBS, Ecuador. 16:30 17:00 Coffee Break 17:00-19:00 Session 2: Round Table on Supervision of Reinsurance Operations Moderator: Norma Alicia Rosas, CNSF, México. 20:00 Bolivian Dinner Thursday, March 3 9:00 11:15 Session 3: Workshop on Insurance Core Principles Corporate Governance (ICP9) Moderator: Yoshihiro Kawai,, IAIS and Norma Alicia Rosas, CNSF-México. 11:15 11:30 Coffee Break OECD /IAIS /ASSAL members and 11:30 12:45 Session 3: Workshop on Insurance Core Principles. (2 nd part) 12:45 13:15 Closing and Recognitions. 13:15 15:30 Lunch at Casa Campestre