Agenda First Regional Workshop on Parametric Insurance for insurance supervisors and regulators from Latin America and the Caribbean Hotel Tikal Futura Guatemala 11 October 2016 8:00 8:15 Registration 8:15-8:30 Keynote speeches - Mr Fernando Quevedo, Representative of the Inter- American Development Bank in Guatemala - Mr Jürg Benz, Ambassador of Switzerland in Guatemala 8:30 8:31 The security minute - National Coordinator of Disaster Risk Reduction in Guatemala (CONRED), Guatemala 8:31 9:45 The role of parametric insurance to build resilient economies A panel of five experts from different sectors will present the following introductory topics: (i) concept of parametric insurance; (ii) its role in the current agenda of Disaster Risk Reduction (DRR), Climate Change Adaptation (CCA) and to achieve the new set of Millennium Development Goals; (iii) potential benefits and challenges of implementing parametric insurance products (iv) interesting examples and lessons learned from around the globe. The moderator will prepare a set of key questions addressing these introductory topics and will explore each question with each panellist. Moderator: María Victoria Sáenz Inter-American Development Bank FOMIN, United States o Paula Pagniez - Swiss Re, United States o Artemio Coutiño Secretary of Agriculture, Livestock, Rural Development, Fisheries and Food (SAGARPA), Mexico o Mathieu Dubreuil World Food Program (WFP), Italy o Zoila Victoria Navarro Portocarrero - CCRIF-CA World Bank, United States 1
9:45 10:00 Coffee break 10:00 12:00 Roles and responsibilities in promoting the development of parametric insurance A panel of six experts from the public and private sectors will highlight the need for constant dialogue and mutual support in order to promote access to parametric insurance. The private sector will start the panel highlighting challenges and major barriers, while donors and the public sector experts will share experiences showing the ways to overcome with these challenges. The topics will include: access to data, establishing public policies, regulation, supervision, effective consumer protection, etc. Moderator: Hannah Grant Germany (A2ii) - Access to Insurance Initiative, 12:00 1:00 Lunch o Lourdes del Carpio La Positiva, Peru (Video conference) o Guillermo López - Aseguradora Rural, Guatemala o Artemio Coutiño Secretary of Agriculture, Livestock, Rural Development, Fisheries and Food (SAGARPA), Mexico o Joseph Owour - Insurance Regulation Authority o Mathieu Dubreuil World Food Program (WFP), Italy Climate and Society (IRI), United States 1:00 2:30 Challenges for regulators and supervisory authorities First session What are the concerns of regulators and supervisory authorities regarding parametric insurance? How are these concerns being dealt with today? In this first session we will explore the central regulatory challenges such as basis risks, the non-indemnity nature of parametric insurance and the insurable interest. Supervisory authorities will share their experiences when pilots were 2
registered in their home countries and the process of approval. Countries that have drafted specific regulations on parametric insurance will present the main features of these regulations. Moderator: Peter Wrede World Bank Global Index Insurance o Paula Pagniez, Swiss Re, United States o Joseph Owour, Insurance Regulation Authority o Carla Chiappe, Superintendencia de Bancos, Seguros y AFP (SBS), Peru (Video Conference) o Sekayi Cambell, Financial Services Commission (FSC), Jamaica (Video Conference) o Hannah Grant, Access to Insurance Initiative (A2ii), Germany o Craig Thornburn, World Bank, United States (Video Conference) 2:30 4:30 Challenges for regulators and supervisory authorities Second session What are the concerns in Central America and how can these concerns be addressed? In this part of the session the dynamic will be different, as the supervisory authorities of Central America will address specific questions to the experts of the panel. The supervisory authorities of CA will prepare 2 questions each and the panel of experts will discuss them. The objective is to spark an active debate where day-by-day concerns of supervisory authorities of Central America are discussed and addressed by experts. Moderator: Luis Alejandro Mejía - Inter-American Development Bank FOMIN, Guatemala - Questions: o José Adonis Lavaire Fuentes,, Comisión Nacional de Bancos y Seguros, Honduras (CNBS) o Francisco Barrios, Superintendencia de Bancos (SIB), Guatemala o Representative Superintendencia del Sistema Financiero (SSF), El Salvador (To be confirmed) 3
- Answers: 4:30 4:45 Coffee Break The view of the supervisory authorities with experience in parametric insurance: o Joseph Owour, Insurance Regulation Authority o Carla Chiappe, Superintendencia de Bancos, Seguros y AFP (SBS), Peru (Video Conference) o Sekayi Cambell, Financial Services Commission (FSC), Jamaica (Video- Conference) The view of the A2II and the drafting group of the paper on index insurance (IAIS-World Bank): o Hannah Grant, Access to Insurance Initiative (A2ii), Germany o Craig Thornburn, World Bank, United States (Video- Conference) The view of the GIIF: The view of the reinsurers: o Paula Pagniez - Swiss Re, United States o Carlos Boelsterli, Microinsurance Catastrophe Risk Organisation, (MiCRO), United States The view of international organisations with extensive experience in implementation of parametric insurance products: o Mathieu Dubreuil World Food Program (WFP), Italy Climate and Society (IRI), United States 4:45 5:45 What is the current state of parametric insurance in Central America and Dominican Republic and how can it be promoted? A panel of six experts will present current and past initiatives on parametric insurance in Central America. They will highlight challenges and opportunities of each experience, and discuss 4
ways to effectively promote this critical financial service for the poor. Moderator: Paula Pagniez - Swiss Re, United States o Carlos Boelsterli Microinsurance Catastrophe Risk Organisation (MiCRO), United States o Daysi Rosales - Seguros Futuro, El Salvador Climate and Society, United States o Zoila Victoria Navarro Portocarrero CCRIF-CA Banco Mundial, United States o Luis Alejandro Mejía FOMIN, Guatemala 5:45 6:00 Closing remarks by Steve Mitchell, Chairman of the Board of Directors of MiCRO and Director of Financial Services in Mercy Corps 6:00 8:00 Dinner and Drinks 5