Regional Workshop for Asian Insurance Supervisors
28 August 2017 to 30 August 2017
Singapore
The Regional Workshop for Asian Insurance Supervisors aimed to strengthen the capacity of countries to manage crisis, counter fraud, and conduct anti-money laundering activities. It provided a comprehensive discussion of the Insurance Core Principles (ICP), the globally accepted framework that guides the insurance industry, and the ways it can be concretly applied to secure a financially sound insurance sector.
Program and Learning Materials:
| Date | Session / Activity | Presentation Material | Speaker(s) |
|---|---|---|---|
| 28 Aug 2017 | Opening Session | Welcome Remarks | Fong Wai Seng |
| 28 Aug 2017 | Opening Session | Workshop Overview and Objectives | Arup Chatterjee |
| 28 Aug 2017 | Session 1 |
Overview of the IAIS Core Principle on Crisis Management and Supervisory Cooperation The International Association of Insurance Supervisors Core Principles (ICP) provides a framework for the regulation and supervision of the insurance ... |
Jeremy Quick |
| 28 Aug 2017 | Session 2 | Experience of Cross-border Cooperation in the Asian region (Interactive discussion with participants) | Arup Chatterjee |
| 28 Aug 2017 | Session 3 |
Supervisory Cooperation and Collaboration and Crisis Management Financial markets, being highly interconnected and global in scope, need tohave an effective oversight body. The National Association of Insurance Commissioners... |
Ekrem Sarper |
| 28 Aug 2017 | Session 4 | Guernsey’s Experience of Cross-border Coordination in Crisis Management | Jeremy Quick |
| 28 Aug 2017 | Session 5 |
Insurance Core Principles and Crisis Management The insurance industry is vulnerable to financial instability or systemic risks. These risks include weak supervision and poor market discipline. This... |
Rodolfo Wehrhahn |
| 28 Aug 2017 | Moderated Discussion | Enhancing Crisis Management Capacity in Asia |
| Date | Session / Activity | Presentation Material | Speaker(s) |
|---|---|---|---|
| 29 Aug 2017 | Session 2.1 |
Countering Fraud in Insurance Insurers and intermediaries are required to take effective measures to prevent, detect, report, and remedy fraud in insurance.This presentation shares... |
Ekrem Sarper |
| 29 Aug 2017 | Session 2.2 | Interactive Discussion on Experiences in Countering Fraud in the Asian Region | |
| 29 Aug 2017 | Session 2.3 |
US Experience in Combating Insurance Fraud Insurance can be vulnerable to fraud. In the United States of America (USA) alone, insurance fraud costs about US$80 to 230 billion each year. Generally... |
Ekrem Sarper |
| 29 Aug 2017 | Session 2.4 |
Countering Insurance Fraud Countering fraud in insurance is a must. The Insurance Core Principle (ICP) 21 guides insurance supervisors in detecting and reporting fraud, as well ... |
Rodolfo Wehrhahn |
| 29 Aug 2017 | Session 2.5 | Enhancing Supervision to Combat Insurance Fraud | Moderated Discussion |
| 29 Aug 2017 | Session 2.6 |
Overview of the IAIS Insurance Core Principles on Anti-Money Laundering and Combating Financing of Terrorism In insurance, two entities set the standards for combating money laundering and financing of terrorism: the International Association of Insurance Supervisors... |
Fiona Crocker |
| Date | Session / Activity | Presentation Material | Speaker(s) |
|---|---|---|---|
| 30 Aug 2017 | Session 3.1 |
Identifying, Understanding & Assessing Money Laundering and Terrorism Financing Risks in Insurance Insurance Core Principle (ICP) 22 provides insurance supervisors guidelineson anti-money laundering and combating the financing of terrorism.This presentation... |
Leo Mucheriwa |
| 30 Aug 2017 | Session 3.2 | Implementation of Anti- Money laundering Standards in Asia | Interactive discussion with participants |
| 30 Aug 2017 | Session 3.3 | Balancing AML/CFT requirements and financial inclusion | Moderated Discussion |
| 30 Aug 2017 | Closing Session | Feedback and Closing Remarks |