AGENDA SEMINAR ON REINSURANCE FOR INSURANCE SUPERVISORSDECEMBER 15-19, 2014BANGKOK, THAILAND
Program Funded By:
MONDAY, DECEMBER 15, 2014
08:45 Session 1: Opening Remarks and introductions
09:30 Session 2: The Journey to Understanding Reinsurance
The Reinsurance Marketplace: Who are the players? The Role of the Reinsurance Intermediary The Reinsurance Placement Process
10:45 BREAK
11:00 Session 3: Group ExerciseProblem solving, interaction & presentation: Identifying risk(s) relating to reinsurance distribution channels/sources/placement
12:15 LUNCH
13:30 Session 4: The Subject of Reinsurance
Definition of Reinsurance Functions of reinsurance Elements of Reinsurance Forms of reinsurance Types of reinsurance Facultative vs. Treaty Reinsurance Pro rata vs. Excess of Loss
14:45 BREAK
15:00 Session 5: Group ExerciseProblem solving, interaction & presentation: Identifying risk(s) relating to reinsurance coverage(s)
16:30 Summary – what did we learn and roundtable dialogue
16:45 END OF DAY
TUESDAY, DECEMBER 16, 2014
08:30 Ideas I Will Use
08:45 Session 6: Reinsurance – Other
Life Reinsurance Financial or Finite Reinsurance Re-Takaful or Islamic Reinsurance Alternative Risk Transfer Vehicles (ART) Captive(s) Fronting Arrangements
10:45 BREAK
11:00 Session 7: Group ExerciseProblem solving, interaction & presentation: Identifying risk(s) relating to reinsurance coverage(s) – specifically life and finite reinsurance
12:15 LUNCH
13:30 Session 8: Reinsurance Optimization
Choosing the type of reinsurance How much reinsurance is adequate? Retention and Limits Factors affecting the purchase of reinsurance
14:45 BREAK
15:00 Session 9: Group ExerciseProblem solving, interaction & presentation: Identifying risk(s) relating to reinsurance structures
16:30 Summary – what did we learn and roundtable dialogue
16:45 END OF DAY
WEDNESDAY, DECEMBER 17, 2014
08:30 Ideas I Will Use
08:45 Session 10: Road map to Reinsurance Agreements
Reinsurance contract clauses
10:45 BREAK
11:00 Session 11: Group ExerciseProblem solving, interaction & presentation: Issues relating to reinsurance contract clauses
12:00 LUNCH
13:00 Session 12: Reinsurance Risk
Risks inherent in Reinsurance Risk inherent in Reinsurance Activities/Transactions Risk Management Standards on Reinsurance Activities/Transactions Financial or Credit risk – Dependency on Reinsurance
14:30 BREAK
14:45 Session 13: Group ExerciseProblem solving, interaction & presentation: Identifying risks inherent in reinsurance activities that may impact the financial condition of an insurer/reinsure
16:00 Summary – what did we learn and roundtable dialogue
16:30 END OF DAY
THURSDAY, DECEMBER 18, 2014
08:30 Ideas I Will Use
08:45 Session 14: Principle-Based vs. Rules-Based Supervisory Approaches
Conceptual framework Own Risk & Solvency Assessment Enterprise risk management Risk Appetite/Tolerance Capital – financial condition implications
11:00 BREAK
11:15 Session 15: Group ExerciseProblem solving, interaction & presentation: Distinguishing the characteristics of supervisory approaches
12:30 LUNCH
13:30 Session 16: Supervisory Approach to Risk Assessment
IAIS Insurance Core Principle 13 relating to reinsurance and other forms of risk transfer
Supervision of Reinsurance Activities and Reinsurers Supervisory Review Process on Adequacy of Reinsurance Management &
Strategy• How to Conduct Reinsurance On-site Reviews-Some Helpful
Guidance
15:00 BREAK
15:15 Session 17: Group ExerciseProblem solving, interaction & presentation: Impact of risk assessment of reinsurance activities
16:30 Summary – what did we learn and roundtable dialogue
16:45 END OF DAY
FRIDAY, DECEMBER 19, 2014
08:30 Ideas I Will Use
08:45 Session 18: Qualitative Factors and Financial Analysis in Assessing a Reinsurer
Reinsurance Accounting Understanding the financial statements of a reinsurer and be able to
identify issues through key ratio analysis
10:45 BREAK
11:00 Session 19. Goals of Effective Reinsurance Regulation
Reinsurance in an Enterprise Risk Management World Catastrophe Risk Management and Capital Requirements Emerging risks in reinsurance
12:30 LUNCH
13:30 CLOSING CEREMONY