When: 18 JUNE – 16:00 CET
Subject: the webinar will present the unique features of a captive insurance company and what makes it an undisputed part of the risk manager toolbox. It will help you to:
- show the value of a captive insurance as a genuine risk management tool
- understand what to expect from the Solvency II revision in 2020 as regards captive insurance
- know more about the state of play of BEPS implementation in OECD countries
Rimap points: 2 CPD points are granted to risk managers who are FERMA RIMAP certified.
Captive insurance companies are among the smallest insurance companies regulated under Solvency II, the European insurance supervision regime since 2016. The webinar will present the unique features of a captive insurance company and what makes it an undisputed part of the risk manager toolbox.
Active risk managers from Sweden and Luxembourg will discuss with a representative of the European Insurance Authority (EIOPA) the regulatory needs in terms of proportionality for the European captive insurance community. This will be the opportunity for EIOPA to present the future development of the Solvency II revision which will conclude in 2020.
As mentioned by EIOPA Chairman Gabriel Bernardino in his keynote at the last EIOPA conference in November 2018, “proportionality will be a key word in the 2020 evaluation”, adding specifically that certain types of captives could be a concrete case to increase proportionality and reduce burden. This is of course of high interest for our risk management community, supported by the recent inclusion of the supervisory of captives as a new priority in the EIOPA supervisor convergence plan for 2019.
Speakers
Ana Teresa Moutinho, Head of Supervisory Processes Department, EIOPA (European Insurance and Occupational Pensions Authority)
Ana Teresa Moutinho is Head of the Supervisory Processes Department. She is responsible for EIOPA’s activities related to supervisory review process under Solvency II, data and business intelligence tools and the operational methodology and monthly production of the Solvency II technical information, such as the risk-free interest rate term structures and its associated components of volatility adjustment and fundamental spread, index for equity symmetric adjustment.
Prior to joining EIOPA in 2012 Ana Teresa worked for 15 years in the Insurance and Pension Funds Portuguese Supervisory Authority where she gained extensive experience in the supervision of the insurance market. Having started as a supervisor she was involved in the development of the Solvency II project since its beginning.
Laurent Nihoul, FERMA Board member, General Manager Corporate Risk & Insurance, ArcelorMittal
Within FERMA, Laurent Nihoul leads the Captive Initiative work stream, overseeing the inputs from the 21 European Risk Management Associations in 20 countries to coordinate consistent and meaningful messages towards the EU and the OECD. FERMA Captive Initiative’s focus over the last years has mainly been about working with the European Insurance Authority (EIOPA) to highlight the need for improved proportionality within Solvency II.
Laurent was instrumental in issuing the comprehensive FERMA’s response to OECD draft discussion document (BEPS Actions 8-10 Financial Transactions) in September 2018 which addressed the multiple aspects of transfer pricing, value creation and risk financing strategies through captive.
Annika Forsgren, CEO Försäkrings AB Göta Lejon, The City of Gothenburg, Sweden
Annika Forsgren has a long experience of Industrial- and Commercial insurance business from two of the major insurers in Sweden, If and Trygg-Hansa. During the last 30 years she has been working with Risk management, Risk engineering, Claims handling, Underwriting and Captive management in different positions, both as a specialist and as a manager.
Since 2011 she is the CEO of Försäkrings AB Göta Lejon, the insurance captive of the City of Gothenburg. The mission of Försäkrings AB Göta Lejon is to handle the insurance needs of the City combined with a strong focus on risk management and loss prevention.
When: 18 JUNE – 16:00 CET
Subject: the webinar will present the unique features of a captive insurance company and what makes it an undisputed part of the risk manager toolbox. It will help you to:
- show the value of a captive insurance as a genuine risk management tool
- understand what to expect from the Solvency II revision in 2020 as regards captive insurance
- know more about the state of play of BEPS implementation in OECD countries
Rimap points: 2 CPD points are granted to risk managers who are FERMA RIMAP certified.