The conference is postponed until Spring 2021!

It is with deep regret that we would like to inform you that, given the uncertain situation regarding COVID-19 both in Slovenia and globally, we have decided to postpone our international Conference “HOW LOW CAN WE GO? Sustainable Insurance in an Uncertain World” until Spring 2021.

As the organizer of the conference, the Insurance Supervision Agency, wants to ensure that the conference will be safe for all participants given the expected larger number of international participants attending.
We feel that it would be difficult to ensure safety in accordance with the constantly changing epidemiological situation and measures. Furthermore, taking into account the current situation, the conference would be deprived of the participation of experts from other countries. As a result, the exchange of knowledge and experience in the region and beyond would be diminished, and we consider this international participation as one of the most essential elements of the event.postpone

We will inform you about the new date of the conference at the beginning of next year.
Thank you for your understanding, and your willingness to attend our event, and we look forward to seeing you in 2021.

The Insurance Supervision Agency of Slovenia (AZN) is pleased to invite you to the 6th annual conference with the title »HOW LOW WE CAN GO? Sustainable Insurance in an Uncertain World« on the 4h September 2020, in Hotel Union Ljubljana, Slovenia.

At the conference, participants will discuss insurance risk in an uncertain financial climate characterized by a long period of low interest rates. The main topic will be how the insurance sector copes with finding returns on high-risk investments and transferring investment risks to policyholders. Furthermore, conference participants will address global changes in the environment that affect the frequency, magnitude and prevalence of natural disasters, including pandemics. Speakers will  discuss the opportunities and challenges for the insurance sector in the face of a highly unpredictable environment.

The event will feature a distinguished line-up of speakers; Karel Van Hulle, Ante Žigman, among many others. The event is open to a wide audience, including policy makers and leaders in the insurance industry.

The registration form, organisation details and agenda are available on the folowing link: In the meantime, should you have any questions, please contact us at

The Organisers of the event may modify and improve this program without prior notice. Any changes to the programme will be puiblished on the event website. The conference is free of charge. The conference will take into account and ensure all necessary measures to prevent spread of infection and will safeguard your health. If circumstances change and gathering restrictions return to force in September, the conference will be postponed to a later date.


8:30 Registration and business breakfast
9:45 Welcome address:
  Gorazd Čibej, MSc, Director of Insurance Supervision Agency, 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 has been marked by a prolonged period of ultra – low interest rates. This has been further affected by the consequences of the recent pandemic. At the same time, it forces the insurance sector to seek returns from high risk investments and subsequently transfer investment risks to insurance policy holders.

  1. Karel Van Hulle, Prof. em. KU Leuven and Hon., Prof. Goethe University Frankfurt, Member of the PIOB, Member of the Board of the Bermuda Monetary Authority, BE
  2. dr. Andraž Rangus, Division Director, Pension and Disability Insurance Institute of Slovenia, SI
  3. Frank Genheimer, Managing Director, New Insurance Business GmbH, CH
  4. Daniel Kempchen, Member of the board, SIGNAL IDUNA Insurance Ltd., HU
12:00 Break: 30 min

Panel discussion: Trends and Challenges

Moderator: Karel Van Hulle

  1. Marko Jazbec, Chairman of the Management Board, SAVA RE, d.d., SI
  2. Boris Bajić, Chief Executive Officer, Adacta Fintech d.o.o., SI
  3. Ante Žigman, PhD, President of the Board of Hanfa, HR
  4. TBC

Section 2: Can the Insurance Sector Compete with Nature?

Global changes in the environment 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.

  1. Marko Jazbec, Chairman of the Management Board, SAVA RE, d.d., SI
  2. dr. Klime Poposki, Professor at the University of St. Kliment Ohridski, MK
  3. Andrea M. Corcoran, Founder Align International, LLC, US
  4. dr. Rom Aviv, Managing Director and Head of Insurance, Agritask, IL
15:00 Late Lunch
16:30 A guided tour
17:00 A social event in Wine bar Šuklje, Breg 10, Ljubljana.


Speakers & Presentation

Gorazd Čibej

MSc, Director of Insurance Supervision Agency, SI


Gorazd Čibej, LL.M, has been Managing Director of the Insurance Supervision Agency of Slovenia (AZN) since January 2018 and since November 2017, he has also been the President of the Council of Experts of AZN. He is a member of the Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) and has also been appointed a member of the Supervisory Steering Committee and a substitute member of the Mediation Panel. He is a Regional Co-ordinator for the CEET region within the Executive Committee of the International Association of Insurance Supervisors (IAIS). Since 2019 he has also been a member of the Council of Securities Market Agency of Slovenia.

He graduated cum laude from the Faculty of Law, University of Ljubljana in 2000 and he holds a Master's Degree in European Law (LL.M) from Lund University, Sweden, which he attained in 2001. Later in 2016 he completed the Certified International Business Negotiation Programme at the Mitchell Hamline University, USA and in 2017 he participated in advanced training in the field of Corporate Governance at the Harvard University, USA.

Gorazd is a regular speaker at insurance conferences and webinars at home and abroad.

Karel Van Hulle

Prof. em. KU Leuven and Hon., Prof. Goethe University Frankfurt, Member of the PIOB, Member of the Board of the Bermuda Monetary Authority, BE


Professor Karel Van Hulle lectures in the economics and business faculty of the KU Leuven and in the economics faculty of the Goethe University in Frankfurt where he is attached to the International Centre for Insurance Regulation. He is a member of the Public Interest Oversight Board and of the Board of the Bermuda Monetary Authority.

He retired from the European Commission in 2013, where he was head of insurance and pensions.

Professor Van Hulle is a lawyer by training. He studied law at the KU Leuven and at the Marquette University Law School in Milwaukee.

In 2013, he was nominated distinguished fellow of the IAIS and in 2014 he was elected honorary fellow of the UK Institute and Faculty of Actuaries.

dr. Andraž Rangus

Division Director, Pension and Disability Insurance Institute of Slovenia, SI


Frank Genheimer

Managing Director, New Insurance Business GmbH, CH


Frank is founder and partner of New Insurance Business (Switzerland), a consulting company that offers strategic and tactical business and management consulting for insurance companies and their cooperation partners. The focus of his work is set on innovation, new business strategy as well as cooperation management.

Frank is a regular speaker and moderator at events, seminars and workshops throughout the financial service industry. Before he started his career as consultant in 2015, he worked in different roles within European life insurance industry for about eleven years.

Daniel Kempchen

Member of the Board, SIGNAL IDUNA Insurance Ltd., HU


Marko Jazbec

Chairman of the Management Board, SAVA RE, d.d., SI


Marko Jazbec took up the leadership of Sava Re in May 2017. He has years of experience in senior and top management positions, notably at the Bank of Slovenia; SKB banka, d.d.; Droga Kolinska, d.d.; Intereuropa, d.d.; NLB, d.d.; and Hoteli Bernardin, d.d. Until mid-July 2016, he headed up Slovenian Sovereign Holding, d.d. During his career, Marko has gained valuable experience in the corporate governance of banks and other companies, and significant expertise in asset management, risk management, treasury finance, corporate finance and corporate banking.

Marko holds a degree in economics from the University of Ljubljana.

Boris Bajić

Chief Executive Officer, Adacta d.o.o., SI


Boris is Chief Executive Officer of Adacta Group, a leading software provider for the insurance industry.

After graduating summa cum laude from the Faculty of Economics, University of Banja Luka, Boris started his career at the Insurance Agency of Republika Srpska. Spending five years with the regulator, he performed on-site and off-site supervision, as well as participated in the legislation drafting and actuarial analyses of insurance companies.

In 2016, Boris moved to Adacta Group, a privately-owned core insurance solution vendor, with more than 300 insurance and software experts across six countries. He started his new role as Business Analyst, responsible for proper understanding and communication of the insurers’ requirements in software implementation process. Boris soon advanced to the position of Chief Product Officer, responsible for design and development of the latest version of Adacta’s flagship product – AdInsure, an end-to-end platform for insurance companies.

At the beginning of 2020, Boris was appointed as a CEO of Adacta Group, responsible for managing overall operations and execution of high-level strategic decisions.

With his strong background in insurance, Boris, a certified actuary, often steps into the role of a trusted advisor when working with insurance market leaders in CEE.

Boris is also Chairman of the Board of “Nova Generacija”, non-profit charity organization focused at the implementation of programs for the protection of vulnerable groups, children, and young people.

Ante Žigman, PhD

President of the Board of Hanfa, HR


dr. Klime Poposki

Professor at the University of St. Kliment Ohridski, MK


Andrea M. Corcoran

Founder Align International, LLC, US


Andrea M. Corcoran, founded Align International, LLC,, bespoke consultancy services in 2008 following a public service career, where she served nationally as Director of two Divisions of the US Commodity Futures Trading Commission (CFTC), a companion organization to the Securities Exchange Commission, and internationally, as Chair of the International Organisation of Securities Commissions (IOSCO) Task Force on Implementation of the Objectives and Principles of Securities Regulation which designed the original model Assessment Methodology used for securities market financial sector assessments conducted internationally per the G-20 post 2008 crisis Pittsburgh Declaration. She also chaired the IOSCO committee that developed early principles for oversight of screen-based derivatives trading, addressing the integrity of markets for derivatives used to hedge commodity and financial products. Recent activities included, terms as US observer to the market consultative panel of the Committee of European Securities Regulators (CESR) the predecessor to ESMA; Chair, through 2017, of the Securities Advisory Board of the Toronto Centre,, which delivers leadership and crisis management programs currently focussing on fintech, climate and governance to senior professionals of securities, banking and insurance supervisors; adjunct professor at Georgetown Law Center; and public director for NYSE-liffe US and the US self-regulatory organisation for listed derivatives professionals, National Futures Association (NFA).

Ms. Corcoran has led a number of regulatory and supervisory policy responses to financial crises and innovation and adapted her experience to addressing global emerging risks to clients on five continents. Admitted to the Futures Hall of Fame in 2013, Ms. Corcoran received the highest awards for government executive service from US Presidents Reagan and Clinton respectively. Her degrees are from Stanford and Harvard.

dr. Rom Aviv

Managing Director and Head of Insurance, IL


Rom joined Agritask in early 2020 to lead and develop its Agricultural-Insurance Business. Rom is also an Academic Member of the Israeli Association of Actuaries and an Adjunct Lecturer in Financial Mathematical at the Bar-Ilan University, Israel. In addition, he regularly advises NGOs on disaster risk reduction and risk pool solutions.

Rom possesses wide-ranging expertise in the Reinsurance and Insurance-Linked-Securities (ILS) sectors comprising of analytics, origination, structuring, underwriting and portfolio management. Between 2017-2019, Rom was Managing Director and Head of ILS at IBI Investment House, a Tel Aviv based asset manager with AUM of USD12bn. In 2018, Rom was awarded the prestigious Young ILS Underwriter of the Year Award by Trading Risk in NYC. Between 2012 and 2016 Rom was an Executive Director and Head of Catastrophe Bonds at Twelve Capital in Zurich and London, an independent investment manager with AUM in excess of USD 4bn. Prior to this, Rom was a Research Associate at the Statistical Laboratory, University of Cambridge, UK, and between 2008-2011, Rom was a Senior Researcher in Stochastic and Actuarial Modeling at RiskLab, Switzerland.

Rom earned a PhD in Financial Mathematics from ETH Zurich, Switzerland, holds a M.Sc. degree (Summa Cum Laude) and a B.Sc. degree (Magna Cum Laude) in Mathematics from Tel-Aviv University, Israel and is also a Certified Catastrophe Modeler (CCM) from AIR Worldwide.

Accomodation & Location

Conference location: Grand Hotel Union, Miklošičeva 3, Ljubljana,
Event location: A guided tour of the Ljubljana
  A social event at the Wine bar Šuklje, Breg 10, Ljubljana

Special rates for conference guests:

Grand Hotel Union, Miklošičeva 3, Ljubljana,, PDF

Insurance Supervision Agency, Trg republike 3, 1000 Ljubljana
Phone: + 386 (1) 2528 600, Fax: + 386 (1) 2528 630, e-mail:, www:
Contact information:
Ms. Natalija Dmitrović / / Telephone: +386 (1) 2528 600 /