|8:30||Registration and Business Breakfast|
|8:30-9:15||Petra Hielkema’s conversation with Women on the Board – by invitation only|
Gorazd Čibej, MSc, Director of Insurance Supervision Agency
Petra Hielkema, MSc, Chairperson of the European Insurance and Occupation Pensions Authority, EIOPA
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.
|12:00||Break: 30 min|
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
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?
|15:00||End of Conference and late lunch|
|17:00||Cultural and social Event|