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