|Registration and business breakfast
|Gorazd Čibej, MSc, Director of Insurance Supervision Agency, SI
|Andrej Šircelj, MSc, Minister of Finance of the Republic of Slovenia, SI
Section 1: Low Interest Rate Impact on the Sustainability of Pension Systems
Market and economic factors have a dramatic impact on the way in which insurance and pension companies operate. The most prominent factor being the current financial climate, which last year, was marked by a prolonged period of ultra – low interest rates. The overall financial climate has been further affected by the pandemic COVID-19 and all the uncertainties which have accompanied it. The insurance sector has been forced to seek returns from high risk investments and subsequently transfer investment risks to insurance policy holders. In these difficult and unprecedented times, the EIOPA prepared the Opinion on the 2020 Review of Solvency II, which is expected to be put forward by the European Commission as a legal proposal in the third quarter of 2021. The section will also touch on the issue of how some of the proposed changes respond to these new challenges.
Cooperation of the Academia with the Insurance Industry – An Example of Good Practice
Tomaž Košir, PhD, Faculty of Mathematics and Physics (FMF), University of Ljubljana, SI
|Break: 45 min
Panel Discussion: Trends and Challenges
Moderator: Prof. Karel Van Hulle
Section 2: Can the Insurance Sector Compete with Nature?
The second part of the conference will address global changes in the environment and climate which will affect the frequency, size and distribution of natural disasters including pandemics. These changes require the insurance sector to take urgent action, other than just raising the premium. The speakers will discuss the opportunities and challenges for the insurance sector in their race against nature.
|End of the Conference