The Insurance Supervision Agency of Slovenia (AZN) has pleasure in inviting you to the 7th Annual International Conference entitled
Insurance between Scylla and Charybdis:
Searching for the Right Direction
.

The event will be held on September 6th 2022 in Ljubljana, Slovenia.

The COVID-19 pandemic and subsequent government interventions to curb the negative effects of the pandemic have created an imbalance between supply and demand in the markets. The consequences of this imbalance have been a decline in purchasing power and a rise in inflation. Just as the end of the pandemic, statistics showed that inflation was easing, the war in Ukraine began. This has led to an increase in the prices, firstly of energy, then food and later on the products needed in agriculture. As a result, inflation started to rise and the long period of low interest rates was curtailed.

The conference will discuss the current economic situation and its impact on the insurance market as well as the measures taken by the financial services industry to achieve Europe’s objective of becoming the first carbon-neutral continent.

The conference will host a number of distinguished speakers, namely, Petra Hielkema, Chairperson of EIOPA, Michaela Koller, Director General at Insurance Europe, Prof. Karel Van Hulle, KU Leuven and Goethe University Frankfurt and many other experts. The event is open to a wide audience, including policy makers and leaders in the insurance industry.

The Organisers of the event may modify and improve this program without prior notice. Any changes to the programme will be published on the event website. The conference is free of charge.

The conference will take into account all the necessary measures to prevent infections and to safeguard your health.

In the meantime, should you have any further questions, please contact us at events@a-zn.si.

Programme

8:30 Registration and Business Breakfast
   
8:30-9:15 Petra Hielkema’s conversation with Women on the Board – by invitation only
   
9:45

Welcome address:

Gorazd Čibej, MSc, Director of Insurance Supervision Agency

   
10:00

Inaugural address:

Petra Hielkema, MSc, Chairperson of the European Insurance and Occupation Pensions Authority, EIOPA

   
10:20

Session 1: Challenges of Financial and Market Change for the Financial Industry

The COVID-19 pandemic and government interventions to curb the negative effects of the pandemic have progressively created an imbalance between supply and demand in the markets. The result is a decline in purchasing power and rise in inflation. When the end of the pandemic showed a slowdown in inflation, war broke out in Ukraine. This has led to an increase in the prices of energy, food and agricultural products. Inflation started to rise and broke a long period of low interest rates.

What is the next step? What are the barriers and challenges for financial services industries such as insurance? Where do we  look for solutions? How do we create new and innovative business models at a time when the Corona Crisis has not yet said its last word, and while we simultaneously have to contend with   the environmental crisis and armed conflict on the threshold of Western Europe? We will look for viable solutions to the above questions in the first part of the conference.

 
  1. Associate prof. Igor Lončarski, PhD, Academic Unit for Money and Finance, School of Economics and Business, University of Ljubljana
  2. Michaela Koller, Director General of Insurance Europe, The European insurance and reinsurance federation
  3. Uroš Ivanc, MSc, Member of the Board, Zavarovalnica Triglav d.d.
  4. dr. Monica Maechler, Member of the Board, Zurich Insurance
   
12:00 Break: 30 min
   
12:30

Panel Discussion: Is Social (S) and Governmental (G) Lagging Behind Environmental (E)?

Insurance companies, as risk managers, are facing more and more interconnected and complex environmental, social and regulatory challenges than ever before. So far, most of the attention is still focused on the environmental aspects. Are social and regulatory issues, including human rights, equality and diversity of employees, rising or remaining unchallenged? Panelists will discuss how insurance companies have to adapt and integrate innovative and efficient solutions to these challenges into their decision-making processes.

Moderator: Prof. Karel Van Hulle

 
  1. Alenka Žnidaršič Kranjc, PhD, Founder and co-owner of PRVA Group, Deos and other companies
  2. Gregor Pilgram, CEO Generali Austria and Member of the Executive Board of Generali CEE Holding
  3. dr. Monica Maechler, Member of the Board, Zurich Insurance
  4. Paul Carty, Chairman of the BIPAR’s EU Affairs Committee
  5. Prof. Ksenija Denčić-Mihajlov, PhD, Faculty of Economics, University of Niš
   
 13:30

Session 2: Local Risks, Global Solutions

The € 600 billion European Green Agreement, designed as a solution to the COVID-19 pandemic, encourages private sector investment in green and sustainable projects. Investors and users of services will find it easier to compare insurance companies in terms of sustainable operations, which will enable them to participate in the financial “greening” of Europe. In this way, we aim to try and stop the negative trend of increasingly frequent and large scale natural disasters, which is already affecting the demand for insurance coverage. Agricultural insurance is actually disappearing from the proposals of insurance undertakings because droughts and frosts are increasing in scale and frequency. Can we still stop climate change? Can the financial services industry help with this? Will the insurance industry be just a pebble in the mosaic or a driving force?

 
  1. dr. Ante Žigman, President of the Board of HANFA
  2. Gregor Pilgram, CEO Generali Austria and Member of the Executive Board of Generali CEE Holding
  3. Prof. Ksenija Denčić-Mihajlov, PhD, Faculty of Economics, University of Niš
  4. Leonardo Felician, Innovator, founder of the Italian Direct Insurance market
   
15:00 End of Conference and late lunch
   
17:00 Cultural and social Event

 

Print: Programme [Print]

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.

Petra Hielkema

MSc, Petra Hielkema, Chairperson, EIOPA (European Insurance and Occupational Pensions Authority)

>>>

On this occasion, Ms Hielkema, said: “It is a great hounour to take up this important role, at such a challenging time. Climate change, recovery from the pandemic and digitalisation are all huge challenges for society, but they are also all areas where insurance companies and pension fund providers can play a significant role in mitigating the risks and fostering a more resilient society. I am looking forward to working together with the members of the Board of Supervisors, consumer groups, industry, policymakers and the committed staff of this well-functioning organisation with a common goal - protection of European consumers and beneficiaries and financial stability."

Background

The Council of the European Union has adopted on 26 May 2021 a decision to appoint Ms Hielkema based on the shortlist of candidates for the position of chairperson drawn up by EIOPA’s Board of Supervisors and following confirmation by the European Parliament. Ms Hielkema will serve as Chairperson of EIOPA for a period of five years. This term can be renewed once.

Prior to becoming EIOPA Chairperson, she was director for insurance supervision at the Dutch central bank, where she was responsible for the prudential supervision of the Dutch insurance sector. She holds a European Master’s in law and economics and a Master’s in Russian studies.

Associate prof. Igor Lončarski

PhD, Academic Unit for Money and Finance, School of Economics and Business, University of Ljubljana

>>>

Igor Lončarski is an associate professor of Finance at the School of Economics and
Business, University of Ljubljana, where he is an academic director of the MSc in Quantitative
Finance and Actuarial Sciences.

Igor holds a PhD from Tilburg University in the Netherlands. In the past he was a visiting
researcher at Monash University in Melbourne Australia, while currently being a visiting
associate professor at TIAS School for Business and Society at Tilburg University in the
Netherlands.

Igor is an expert in corporate Finance, corporate valuation, and empirical asset pricing. He
published research in the Journal of Business Ethics, Journal of Corporate Finance, Journal
of International Financial Markets, Institutions and Money, Financial Management, Financial
Analysts Journal, and International Review of Financial Analysis, among others. He is the
editor-in-chief of Risk Management, co-editor in chief of Economic and Business Review, a
member of the editorial board of the Journal of Behavioral and Experimental Finance, a subject
editor of Journal of Multinational Financial Management, and an associate editor of the
Emerging Markets Review and International Review of Financial Analysis. His current
research interests and research projects relate to credit risk and credit spreads, ethics, insider
trading, market manipulation, and general application of textual (sentiment) analysis to finance
and multifactor asset pricing models.

Apart from teaching various graduate finance courses, he has also given seminars and taught
various business academies for the most prominent Slovenian financial institutions, the
Slovenian Institute of Auditors, Slovenian Chamber of Commerce, European Commission,
and European Parliament in Luxembourg.

Michaela Koller

Director General of Insurance Europe, The European insurance and reinsurance federation

>>>

Michaela Koller is director general of Insurance Europe, the European insurance and reinsurance federation. She is currently also secretary general of the Global Federation of Insurance Associations (GFIA).

Michaela has worked in Brussels for the last 30 years. Prior to joining Insurance Europe in February 2007, she held management positions in different banking trade bodies. Michaela has served as a member of various consumer/industry groups and advisory groups established by the European Commission.

Uroš Ivanc

MSc, Member of the Board, Zavarovalnica Triglav d.d.

>>>

Monica Maechler

PhD, Member of the Board, Zurich Insurance

>>>

Monica Mächler serves as member of the board of directors of Zurich Insurance Group Ltd., Zurich Insurance Company Ltd. and of Cembra Money Bank AG. She is also active in non profit organisations by serving on the board of the Europa Institut at the University of Zurich and chairing the Advisory Board of the International Cen-ter of Insurance Regulation at the Goethe University in Frankfurt. In addition she speaks, lectures and publishes in Switzerland and abroad on matters of financial market regulation, Private International Law and business law.

From January 2009 to September 2012 she served as Vice Chair of the board of directors of the Swiss Financial Market Supervisory Authority FINMA after having led the Federal Office of Private Insurance in 2007 and 2008. In the International Association of Insurance Supervisors she was a member of the Executive Commit-tee and chaired the Technical Committee (now called Policy Development Commit-tee) until September 2012.

After her doctoral thesis in Private International Law at the University of Zurich in 1984 Monica Mächler was practicing in a business oriented law firm in Zurich as an attorney-at-law. In 1990 she joined the group legal department of Zurich Insurance Group where she was promoted to the role of Group General Counsel and Head of the Board Secretariat in 1999 and became a member of the Group Management Board in 2001. Monica Mächler also served as a member of various expert commis-sions of the Swiss Confederation on matters of financial market regulation.

Prof. Karel Van Hulle

KU Leuven and Goethe University Frankfurt

>>>

Professor Karel Van Hulle lectures at the Economics and Business Faculty of the KU Leuven and at the Economics Faculty of the Goethe University in Frankfurt.

He is Chairman of the Conflicts of Interest Oversight Committee of the European Money Markets Institute and is a member of the Board of the Bermuda Monetary Authority. He served as a member of the Public Interest Oversight Board from March 2016 until April 2021.

He started his professional career with the Belgian Banking Commission (1976-1984) where he was responsible for the Secretariat of the newly created Belgian accounting standards commission.
He joined the European Commission in 1984. After taking up responsibility for accounting standards, financial reporting, auditing and company law, including corporate governance, he became head of insurance and pensions in 2004, a position that he held until his retirement in March 2013. As head of insurance and pensions, he was in particular responsible for the development of Solvency II and represented the EC within EIOPA and within the technical committee of the IAIS.

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

The American Accounting Association in 1990, Distinguished Fellow of the IAIS in 2013 and Honorary Fellow of the UK Institute and Faculty of Actuaries nominated Professor Van Hulle Distinguished International Lecturer in Accounting in 2014.

In 2019, he summarised his experience with the development of Solvency II in a book “Solvency Requirements for EU Insurers. Solvency II is good for you”, Intersentia, Cambridge, Antwerp, Chicago, ISBN 978-1-78068-177-1, 727 p.

Alenka Žnidaršič Kranjc

PhD, Founder and co-owner of PRVA Group, Deos and other companies

>>>

Experienced Management Consultant with a demonstrated history of working in the insurance industry. Skilled in Management, Strategic Planning, Revisions, Business Development, and Entrepreneurship. Strong business development professional with a Ph.D. in Economics.

Alenka has over 40 years of work experience in managing positions and entrepreneurship in CEE region. She is founder and majority owner of PRVA Group, financial and insurance holding currently containing 4 pension funds and 1 insurance company and minority holding of bank in 4 countries of CEE. Her entire career she was involved in M&A be it as strategic buyer (organic growth of funds and new elderly retirement businesses) or as portfolio investment.

Ante Žigman

PhD, President of the Board of HANFA

>>>

Ante Žigman, PhD, is the President of the Board of Hanfa, whose scope of competence covers regulation and supervision of not only the insurance sector, but also of a wide range of other financial non-banking services, including the capital market, pension and investment funds, and leasing and factoring. He is an active participant in the work of international bodies, and along with being a member of the IAIS Executive Committee as the representative of CEET region (Central and Eastern Europe and Transcaucasia), he participates in the work of the IAIS Macroprudential Committee and Selection Committee. He is also an active member of the Mediation Panel of the European Insurance and Occupational Pensions Authority (EIOPA).

Prior to his appointment as the Head of Hanfa in 2018, he held a number of important government functions, some of them being: Assistant Minister of Finance for Macroeconomic Analysis and Planning, followed by Secretary of State at the Ministry of Finance. He has also served as the vice president of the Committee for Fiscal Policy of the Croatian Parliament, and member of the Economic and Financial Committee’s Sub-Committee on EU Sovereign Debt Markets (ESDM).

In the banking sector, he has spent several year as Board Member of the Partner Bank (Croatia), as well the Head of Macroeconomic and Financial Research Division and the Chief Economist at the Raiffeisen Bank in Croatia. He has spent a significant part of his career at the Croatian National Bank where he worked in the Office of the Governor until being appointed to the current position of the President of Hanfa Board.

He has written numerous scientific and expert papers in the field of fiscal policy and finance and is an active lecturer in the area of economics and finance.

Gregor Pilgram

CEO Generali Austria and Member of the Executive Board of Generali CEE Holding

>>>

Paul Carty

Chairman of the BIPAR’s EU Affairs Committee

>>>

Paul is Chair of the EU Affairs Committee of BIPAR (European Federation of Insurance and Financial Intermediary Associations). He is also Managing Director of ARB Underwriting/AR Brassington Irish retail and wholesale Insurance brokerages, a Director of Allied Irish Bank Insurance Services and CGPA Europe.

Over his career in the insurance industry Paul was previously, Chief Executive of the Irish Brokers Association, which was recognised under statute as a regulatory body, Director of the National Investor Compensation Company, a Partner in Irelands largest insurance brokerage Coyle Hamilton. Paul has also served as President of the Irish Brokers Association, President of BIPAR (European Federation of Insurance Intermediary Associations), and President of WFII (World Federation of Insurance Intermediaries). He was a member of both the consultative panel of CEIOPS and of the stakeholder group of EIOPA.

Prof. Ksenija Denčić-Mihajlov

PhD, Faculty of Economics, University of Niš

>>>

Prof. dr Ksenija Denčić-Mihajlov
Ksenija Denčić-Mihajlov is a Full Professor at the University of Nis, Faculty of Economics, Serbia, where she teaches courses at the undergraduate and graduate level in the field of Corporate finance and Business restructuring. She is a member of the Center of scientific, interdisciplinary risk and sustainability management (ZWIRN) at the Ostfalia University, Germany, a founding member of the Eastern European Risk Insurance Association (EERIA) and the Associated Editor of the South-Eastern Europe Journal of Economics, the official journal of the Association of Economic Universities of South and Eastern Europe and the Black Sea Region.

She has been involved in various international educational and research projects such as Erasmus+ Jean Monnet and TEMPUS programs. Currently, she works as a Research coordinator of the Jean Monnet Erasmus + project “Sustainable Finance and Insurance: EU Principles, Practices and Challenges”, coordinated by the University of Niš, Serbia.

As an author or co-author, dr Denčić-Mihajlov published several textbooks and monographs and a significant number of scientific papers in highly recognized international journals. Her key areas of scientific research interest are sustainable finance and ESG investing, sustainability reporting, corporate financing and restructuring.

Leonardo Felician

Innovator, founder of the Italian Direct Insurance market

>>>

Born in Trieste, degree in Physics, more than 40 years experience in the Italian insurance industry in primary Groups (Generali, Allianz, Unipol). Innovator, founder of the Italian Direct Insurance market and CEO of different companies. Strong managerial skills in Technical Excellence in Motor Insurance pricing & underwriting both in Italy and in large European multinational environment.

Professional journalist, university professor of IT Engineering, Computer Science, Data Science and Big Data Management and guest speaker in conferences in 10 different countries.

Registration







I would like to join a guided tour of the National and University Library (NUK) at no additionl charge.

I confirm reception in the evening at the Wine bar Šuklje.

By signing this, I agree that the Insurance Supervision Agency of Slovenia, Trg republike 3, SI-1000 Ljubljana, may use my data to send me promotional and other messages until my revocation of this agreement.

P.S. The conference is free of charge.

Registration deadline: 29 August 2022

All fields marked with * are required. After registration you will receive a confirmation sent by the organizer. The confirmation e-mail means that you have been accepted to the conference.  By signing this, I agree that the Insurance Supervision Agency of Slovenia, Trg republike 3, SI-1000 Ljubljana, may use my data to send me promotional and other messages until my revocation of this agreement.
Applications for participation at the conference will be considered until all seats have been taken.
 
Accomodation: 
Special rates for conference guests: 
Grand Hotel Union, Miklošičeva 3, Ljubljana

Location

Conference location: Grand Hotel Union, Miklošičeva 3, Ljubljana, www.union-hotels.eu

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