Toronto Centre International Program for Insurance and Pensions Supervisors

Implications of Technology for Insurance, Pensions, and their Supervisors

Sunday, July 15, 2018 - Friday, July 20, 2018

Program Overview

Technological change always has a big impact on the insurance and pension sectors.  The pace of this change has accelerated with the latest wave of new financial technologies (fintech).  New terms like “insuretech” and “pensiontech” have been used to categorize the use of new technology applications for these sectors.  For example, the rapid development of cellphone applications is being used to expand access to and inclusiveness of insurance and pensions in emerging countries.  So, what are the implications for insurance and pensions supervisors?  

The rapid pace of technological change creates new or heightened insurance and pension sector risks through its impact on many dimensions – including products, distribution, administration, investment, and risk management. In this program, we will look at how the adoption of financial technologies are reshaping the insurance and pensions sectors and how supervisors should respond. This program will also examine how financial inclusion and gender equality can change risks and have significant effects on insurance and pensions entities and the consumers they serve. It will help supervisors to identify, assess, and respond effectively to all of these changes in risks, for example, by requiring changes to control and oversight functions to help mitigate the emerging and heightened risks.

In addition to the 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.

The program will provide an excellent 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. 

Program Objectives

Upon completion of this five-day course, participants will better understand how to:

  • The impact of financial technologies financial inclusion and gender equality on the insurance and pensions sectors
  • Key changes to risks in the insurance and pensions sectors resulting from their use of financial technology
  • How to enhance supervisory risk assessments and response capabilities for dealing with financial technologies
  • 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 banking authorities. Participants should have at least three years of working experience in financial sector supervision, analysis or policy, and be proficient in English.

Registration Details

Program Fee: US$3,000                 
Early Bird Discounted Fee: US$2,500*

*Payment made by May 15

Where is the Program?

The program will be held at the Schulich School of Business at York University. Accommodations are available on-site at the Schulich Executive Learning Centre. 

Networking Tour

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

 

Registration Deadline

Friday, June 15, 2018

Registration Fee

The course registration fee is US$3000, inclusive of materials and events. Travel to Toronto and accommodations are excluded. Early bird discounted fee of US$2500 is available if payment is made prior to May 15.

Program Venue

Executive Learning Centre
Schulich School of Business,
York University
4700 Keele Street
Toronto, Ontario
M3J 1P3
Canada

On-Campus Address:
56 Fine Arts Road
Accommodation: Schulich School of Business, York University

Program Contact

Madina Ibragimova
mibragimova@torontocentre.org