International Leadership Program for Insurance and Pensions Supervisors

TECHNOLOGY RISK AND CLIMATE CHANGE: HOW TO INTEGRATE THESE THREATS INTO SUPERVISORY RISK ASSESSMENTS

Sunday, July 19, 2020 - Friday, July 24, 2020

Program Overview

The world is increasingly impacted by climate change and technology transformation and evolution, and the multi-dimensional implications and risks are of critical concern for insurance and pension supervisors and regulators. 

As a result, supervisors and regulators must think beyond traditional risks and build supervisory capacity by adapting their risk assessment frameworks and devising plans to weather these risks so that they can deliver on their early intervention mandate. Toronto Centre has designed this program to help supervisors and regulators in the insurance and pensions sectors integrate these risks into their supervisory risk assessments, as appropriate.

Through case studies and group activities, participants in this program will better understand the risks and impact climate change and technology transformation could pose to the stability of insurance and pensions sectors as well as to vulnerable groups, while learning how to apply a proportional approach in their supervisory framework. This program will provide an excellent platform for participants to systematically generate ideas to address these risks while discussing their own experiences and learning from leading experts and practitioners.

Topics Covered:

  • The risk and impact of technology transformation and evolution to insurance and pensions industries and to consumers.  
  • Technology and regulatory and supervisory issues: supervisory capabilities and tools, ‘de-mystification’ of actuaries’ reports and stress and scenario testing.
  • The effects of climate-related risks and potential actions to be taken by supervisors and regulators in the context of the TCFD.
  • How technological and climate-related issues can disrupt the insurance and pensions sectors leading to crisis situations.
  • Index-based insurance: how to respond to a range of issues emerging at macro, industry and micro levels to help deal with climate-related risks.
  • How to assess and deal with regulatory and supervisory challenges and potential financial risks related to climate change in the pensions sector.
  • The integration of insurance in climate risk management and resilience building. 
  • Reducing vulnerability of consumers to climate related and other environmental risks due to weak financial literacy and low financial inclusion.

Who Should Attend?

The program is designed for mid- to senior level staff and management from insurance and pensions supervisory authorities involved in regulatory and supervisory activities. Participants should have at least three years of working experience in the financial sector supervision, research and analysis, or policy, and be proficient in English.

Registration Details

Program Fee: Register among the first to obtain a discount of $500 US.

Regular registration fee is $3,000 US.      

Where is the Program?

The program will be held at the Schulich School of Business.

Networking Tour

Participants are invited to take part in a sightseeing tour of the world-renowned Niagara Falls at the start of the program. They will have the chance to network with peers while experiencing the thundering roar and powerful mist of the falls up close.  

 

Registration Deadline

Sunday, May 31, 2020

Registration Fee

Registration fee for this program is currently $2,500 US (if paid by March 20). Regular registration fee $3,000 US. Please contact program coordinator, Ms Miraaj Yousif at myousif@torontocentre.org.

Program Venue

Schulich School of Business
York University
Toronto, ON, Canada

Program Contact

Miraaj Yousif
myousif@torontocentre.org