The world is facing an increasingly complex, uncertain and, in some important areas, under-insured risk environment. For example, climatic and geopolitical instability are making once-unthinkable losses seem almost commonplace. So, what are the implications for the insurance and pensions sectors?
The rapid pace of change across many dimensions - including economic, political, social, demographic, and technological – creates new or heightened risks for the insurance and pensions sectors. In this program, we will look at the forces reshaping the insurance and pensions sectors and what supervisors need to do. This program will examine some emerging risks that could have significant effects on insurance and pensions entities and the consumers they serve. It will help supervisors to identify, assess, and respond effectively to such risks.
In addition to joint sessions, sector-specific breakout sessions and case studies will be included, in recognition of the specific needs and interests of insurance and pensions supervisors.The program will open with sessions on how to identify key stakeholders of supervisory authorities, and how to communicate effectively with them to achieve results.
As in many Toronto Centre programs, participants will also engage in a crisis simulation exercise that will drive home the challenges of working in a ‘real time’ environment, facing the sometimes conflicting demands of different stakeholders, and adapting to rapidly-changing financial and operating stresses that threaten the strength and resilience of the system.
The program will act as a premier forum for insurance and pensions supervisors to learn from leading experts and practitioners, and to share and discuss their own experiences and solutions to challenges faced around the world.
Upon completion of this five-day course, participants will better understand how to:
- Key drivers of emerging risks in the insurance and pensions sectors
- How to enhance their agencies’ risk assessment and response capabilities
- Analysing the social and financial implications of the emerging risks
- Supervisory response to emerging risks
- Assessing risk in a ‘real time’ crisis environment
- How to systematically address individual challenges with action planning – and ensure critical success with the most important stakeholders.
Who Should Attend?
The program is designed for mid- to senior-level staff and managers involved in regulatory and supervisory activities at insurance and pensions supervisory authorities. Participants should have at least three years of working experience in financial sector supervision, analysis, or policy, and be proficient in English.
Where is the Program?
The program is held at the Schulich School of Business at York University in Toronto, Canada’s largest city and the centre of its banking and financial services industry. Accommodations are available onsite. At the start of the program, participants will be treated to a networking tour of some the most popular attractions in and around Niagara Falls.