Track: Insurance
12.00 — 12.50
Imputed insurance: balancing the interests of business and the government
Participants will discuss acceptable criteria for introducing imputed types of insurance, and will look at how low transparency of business sectors hampers the functioning of imputed insurance.
Can imputed insurance replace state supervision in certain industries? Are there alternatives to imputed insurance?
Another issue on the agenda is consumer value of an insurance product as an indicator for assessing the functionality of imputed types of insurance.

13.00 — 13.50
The future of life insurance
The discussion will cover the future of life insurance, and major trends and challenges in the area.
Will we be able to eliminate misselling? How will the launch of a guarantee system influence the insurance market? What should be done to diversify distribution channels for life insurance policies?
Does unit-linked life insurance represent the future of the industry, or is it just another take on life investment contracts?

14.00 — 14.50
Financial stability requirements and ensuring solvency: problems and prospects
In July 2021, approaches to assessing financial stability of insurers are going to change.
What steps have been taken to ensure compliance with the new requirements and what else needs to be done in the following four years?
Will insurers succeed in assessing their risk appetites and reducing the cost of risk? How will insurers’ investment policies and investment portfolios change? What will change in their internal processes and communication with counterparties? Will insurers be able to manage assets and liabilities in a new manner, including through asset liability management for life insurers?

15.00 — 15.50
Climate risks in insurance
Today the climate agenda increasingly dominates any discussion on development. Insurance is likely one of the financial market sectors most affected by this issue. However, how can we take into account climate risks in practice? What data and models accounting for climate risks do we need and where can we find them? What data on climate risk exposure should the insurers’ and non-finance actors’ reporting include? What climate change scenarios exist, who forecasts them, for which horizon and how should they be factored in prudential regulation? And the most important question: what can the insurance sector do to reduce climate risks and prevent the negative scenario from happening?

INTERNATIONAL FINANCIAL CONGRESS. Insurance