2022 IAIS Annual Conference

The 2022 IAIS Annual Conference will take place in person in Santiago, Chile on 10 – 11 November 2022.

The theme of this year’s Annual Conference is a “Changing landscape: the role of the insurance sector in meeting emerging economic and social challenges” with panel sessions on diversity, equity and inclusion; changing consumer preferences; macroeconomic risks; climate risk and the Insurance Capital Standard.

A special thank you to the Financial Market Commission of Chile for hosting the event.

Agenda

This lunchtime panel will explore the A2ii’s work exploring innovative methodologies and new ways of increasing access to insurance and resilience against climate risks. Hear from supervisors that participated in the A2ii inclusive insurance innovation lab (iii-lab) about how working collaboratively across key stakeholders from the insurance sector as well as civil society has led to the development of sustainable insurance solutions and new long-lasting partnerships.

Moderator:
Hannah Grant – Head of the Secretariat, Access to Insurance Initiative (A2ii)

Panellists to be confirmed soon

Welcome remarks: 

Solange Berstein Jauregui – Chairwoman of the Financial Market Commission of Chile (CMF)

As cyber risks increase and the insurance sector looks to manage and mitigate these risks, hear from a global expert on his assessment of how cyber threats will develop in the coming years.

Matt Holland – Founder, CEO and CTO of Field Effect

Updates and Q&A with the IAIS Executive Committee, committee chairs and champions:

David Altmaier – Vice Chair, IAIS Executive Committee and Commissioner, Florida Office of Insurance Regulation
Gary Anderson – Chair, IAIS Policy Development Committee and Commissioner, Massachusetts Division of Insurance
Shigeru Ariizumi – Vice Chair, IAIS Executive Committee and Vice Commissioner for International Affairs, Japan Financial Services Agency
Peter Braumüller – Chair, IAIS Implementation and Assessment Committee and Managing Director of Insurance and Pension Supervision, Austrian Financial Market Authority
Jonathan Dixon – Secretary General, IAIS
Dieter Hendrickx – Chair, IAIS Macroprudential Committee and Head, Prudential Policy Insurance, National Bank of Belgium
Petra Hielkema – Chairperson, European Insurance and Occupational Pensions Authority
Vicky Saporta – Chair, IAIS Executive Committee and Executive Director, Prudential Regulation Authority and Bank of England
Daniel Wang – Chair, IAIS Climate Risk Steering Group and Executive Director, Insurance Department, Monetary Authority of Singapore

This panel will discuss how diversity, equity and inclusion (DE&I) – both with respect to the insurer’s workforce and with respect to how it operates and serve customers – leads to better governance and decision-making, and better meets consumer needs, prevents discriminatory practices and reduces misconduct. The panel will also explore what role insurance supervisors can play in promoting DE&I within the sector.

Moderator:
Gerry Cross Director of Financial Regulation Policy and Risk, Central Bank of Ireland 

Panellists:
Francisco Astelarra – Secretary General, Interamerican Federation of Insurance Companies
Chlora Lindley-Myers – Director, Missouri Department of Insurance, Financial Institutions and Professional Registration
Helen Rowell – Deputy Chair, Australian Prudential Regulation Authority
Nomfundo (Fundi ) Tshazibana – Deputy Governor, South African Reserve Bank, and CEO, Prudential Authority

This panel will explore patterns in changing consumer preferences and reflect on what they mean for conduct supervision in the insurance sector. In particular, it will focus on key indicators of conduct risk and consider how supervisors can embed these in their supervision of insurers.

Moderator:
David Altmaier
– Vice Chair, IAIS Executive Committee and Commissioner, Florida Office of Insurance Regulation

Panellists:
Elizabeth Arzadon – Managing Director, Kiel Advisory Group
Godfrey Kiptum – CEO, Insurance Regulatory Authority of Kenya
Fred Ngan
 – Co-Founder, Co-CEO and Director, Bowtie Life Insurance Company Limited
Agustin Reyna – Director of Legal and Economic Affairs, The European Consumer Organisation, BEUC
Mark White – CEO, Financial Services Regulatory Authority of Ontario

This panel will discuss the macroeconomic risks and trends in the global insurance sector, covering the lower economic outlook, historically high inflation rates and the volatility on financial markets. Looking back at the first three years of implementation of the Holistic Framework, the panel will discuss how this framework contributes to making the insurance sector more resilient and how it can be enhanced going forward in order to capture emerging risks to the financial stability of the insurance sector. It will consider lessons learnt by insurers and supervisors and look to the findings from the annual Global Monitoring Exercise.

Moderator:
Dieter Hendrickx – Chair, IAIS Macroprudential Committee and Head, Prudential Policy Insurance, National Bank of Belgium 

Panellists:
Kate Chiew – Group Chief Risk Officer, Great Eastern
Peter Giger –
Group Chief Risk Officer, Zurich
Sean Ringsted –
Executive Vice President, Chief Digital Officer and Chief Risk Officer, Chubb Group
Suzette Vogelsang – Senior Financial Sector Expert: Insurance, International Monetary Fund

How far have we come in breaking glass ceilings and what remains to be done in the insurance sector?  Discussion with leading women in insurance about their personal journeys.

Moderator:
Vicky Saporta – Chair, IAIS Executive Committee and Executive Director, Prudential Regulation Authority and Bank of England

Panellists:
Farzana Badat – Deputy Commissioner, Financial Sector Conduct Authority of South Africa
Solange Berstein Jauregui – Chairwoman of the Financial Market Commission of Chile (CMF)
Petra Hielkema – Chairperson, European Insurance and Occupational Pensions Authority
Michaela Koller – Director General, Insurance Europe
Susan K. Neely – President and CEO, American Council of Life Insurers 

This panel will consider the climate work being undertaken by the IAIS to consider climate risk with a particular focus on embedding climate risk into the corporate governance and risk management of insurers. The panel will also discuss the risks of climate protection gaps and solutions emerging to address these gaps.

Moderator:
Shigeru Ariizumi – Vice Chair, IAIS Executive Committee and Vice Commissioner for International Affairs, Japan Financial Services Agency

Panellists:
Astrid Jäkel – Chief Risk Officer, Aegon N.V
Ricardo Lara – Commissioner,  California Department of Insurance
Daniel Wang
Chair, IAIS Climate Risk Steering Group and Executive Director, Insurance Department, Monetary Authority of Singapore

More panellists to be confirmed soon

This panel will consider the latest updates on the development of the Insurance Capital Standard.

Moderator:
Vicky Saporta – Chair, IAIS Executive Committee and Executive Director, Prudential Regulation Authority and Bank of England

Panellists:
David Altmaier
– Vice Chair, IAIS Executive Committee and Commissioner, Florida Office of Insurance Regulation
Shigeru Ariizumi – Vice Chair, IAIS Executive Committee and Vice Commissioner for International Affairs, Japan Financial Services Agency
Petra Hielkema – Chairperson, European Insurance and Occupational Pensions Authority

Speakers

David Altmaier

Vice Chair, IAIS Executive Committee and Commissioner, Florida Office of Insurance Regulation

Gary Anderson

Chair, IAIS Policy Development Committee and Commissioner, Massachusetts Division of Insurance

Shigeru Ariizumi

Vice Chair, IAIS Executive Committee and Vice Commissioner for International Affairs, Japan Financial Services Agency

Elizabeth Arzadon

Managing Director, Kiel Advisory Group

Francisco Astelarra

Secretary General, Interamerican Federation of Insurance Companies

Farzana Badat

Deputy Commissioner, Financial Sector Conduct Authority of South Africa

Solange Berstein Jauregui

Chairwoman, Financial Market Commission of Chile (CMF) 

Peter Braumüller

Chair, IAIS Implementation and Assessment Committee and Managing Director of Insurance and Pension Supervision, Austrian Financial Market Authority

Kate Chiew

Group Chief Risk Officer, Great Eastern

Gerry Cross

Director of Financial Regulation Policy and Risk, Central Bank of Ireland

Jonathan Dixon

Secretary General, IAIS 

Peter Giger

Group Chief Risk Officer, Zurich

Hannah Grant

Head of the Secretariat, Access to Insurance Initiative (A2ii)

Dieter Hendrickx

Chair, IAIS Macroprudential Committee and Head, Prudential Policy Insurance, National Bank of Belgium 

Matt Holland

Founder, CEO and CTO, Field Effect

Petra Hielkema

Chairperson, European Insurance and Occupational Pensions Authority

Astrid Jäkel

Chief Risk Officer, Aegon N.V

Michaela Koller

Director General, Insurance Europe

Ricardo Lara

Commissioner, California Department of Insurance

Chlora Lindley-Myers

Director, Missouri Department of Insurance, Financial Institutions and Professional Registration

Susan Neely

President and CEO, American Council of Life Insurers

Fred Ngan

Co-Founder, Co-CEO and Director, Bowtie Life Insurance Company Limited

Agustin Reyna

Director of Legal and Economic Affairs, The European Consumer Organisation, BEUC

Sean Ringsted

Executive Vice President, Chief Digital Officer and Chief Risk Officer, Chubb Group

Helen Rowell

Deputy Chair, Australian Prudential Regulation Authority

Victoria (Vicky) Saporta

Chair, IAIS Executive Committee and Executive Director, Prudential Regulation Authority and Bank of England

Nomfundo (Fundi) Tshazibana

Deputy Governor, South African Reserve Bank, and CEO, Prudential Authority

Suzette Vogelsang

Senior Financial Sector Expert: Insurance, International Monetary Fund

Daniel Wang

Chair, IAIS Climate Risk Steering Group and Executive Director, Insurance Department, Monetary Authority of Singapore

Mark White

CEO, Financial Service Regulatory Authority of Ontario

Master of Ceremonies:

Gabriel Acuña Csillag

Head of the Sustainable Finance Information Supervision and Co-Coordinator of the Climate Change Working Group, Financial Market Commission of Chile

More speakers will be added in due course.

Practical information

Entry requirements for Chile are available on the website of the Ministry of Foreign Affairs.

Please apply for a visa directly with the respective Chilean embassies and consulates in your countries and take into account the duration of the process. If you require an invitation letter for visa purposes, please contact CMF Chile. 

Chilean travel guidelines regarding Covid-19 entry requirements and restrictions are available at the websites of the Ministry of Health (Spanish) and National Tourism Service (English).

The 2022 IAIS Annual Conference will take place at the following venue:

InterContinental Santiago Hotel
Avenida Vitacura 2885,
Las Condes, Santiago, CP 7550024
Tel: +56 2 23 94 20 00

All the rooms with the promotional rate that CMF Chile had blocked are now fully booked. A very limited number of rooms at the public rate are still available. To reserve your accommodation and for a list of alternative hotels, please visit the accommodation page for more information. 

Taxi: Taxis are readily available at the airport and the taxi fare is between CLP 25000 – 30000 (USD 29 – 35). Travel time: 34 minutes.

Transfer: Transfer services are readily available at the airport and are between CLP 30000 – 33000 (USD 35 – 39). Travel time: 34 minutes. There are also shared transfers available and the fare costs CLP 8800 (USD 11). Travel time: 55 minutes.

Bus: There is no direct bus from the airport to Intercontinental Santiago Hotel. Participants can take a bus from the airport to Santiago’s city centre, and then take the metro. The nearest station is Tobalaba (800 meters to the hotel).

More information on airport transportation on the website of Santiago de Chile airport.

The event will be organised according to the general anti-epidemic rules, recommendations and instructions of the Chilean Undersecretary of Public Health.

Participants who require a Covid-19 test prior to departure can have PCR and rapid antigen tests administered at an additional cost.

Please read the Covid-19 protocol for additional information.

Language
The official language of the event is English. 

Filming and photography
The AGM and Annual Conference will be photographed and video recorded. The photos and videos will be available on the IAIS website, Members’ Extranet, social media accounts and other communication channels.

Participant’s list
Please note that your name and organisation will be shared with all the participants.

CO2 compensation: We recommend to compensate your carbon emission with your chosen airline.

Currency
The local currency is the Chilean peso and credit cards (VISA, Mastercard and Diners) are widely accepted in Chile.

Electricity
The voltage is 220 V and is used to supply electrical devices with a capacity of up to 2,2 kW. Power plugs with types C (two round pins) and L (3 round pins) sockets are standard.

Time zone
In November, the time zone is Chile Summer Time (CLST): UTC – 3

More information on Santiago on Chile Travel.

Registration

Please register for in-person participation using the registration buttons below. If you don’t have an account with the registration platform of the Bank for International Settlements, kindly create one and note that it can take up to two working days to have your account approved. Afterwards, you will be able to set a password and register for the event.

Registration deadline: 12 October 2022

Stakeholder registration fee

Kindly note that there is a registration fee of USD 350 per person for stakeholders to participate in the Annual Conference. Access to the Annual Conference will be denied if the fee has not been received by the time of the event.

* IAIS Distinguished Fellows and press are exempt from the registration fee.

We look forward to a successful event in Santiago!