Toronto Centre International Program for Insurance and Pensions Supervisors

Fintech and Climate Change: What Can Insurance and Pensions Supervisors Do?

Sunday, July 21, 2019 - Friday, July 26, 2019

Program Overview

The program focuses on two main concerns that are in the top of mind of the leaders of insurance and pensions regulatory and supervisory agencies: how should financial regulators and supervisors contribute to tackling climate change related risks; and second, how to maximize the benefits of Fintech and exert and effective oversight over an industry that is being transformed by technological innovation.  The way in which regulators and supervisors address these pressing issues will impact the stability, inclusiveness, integrity, and efficiency of their markets. 

Participants in this program will better understand the risks that climate change poses to the stability of insurance and pensions markets, discuss what their roles should be, and explore how new developments coming from the regulatory, product development and technological fronts are changing how the industry and the insurance and pensions supervisors assess and mitigate climate-related risks.   Participants will discuss how to take a proportional approach to Fintech developments – often referred to as Insurtech and Pensiontech for the insurance and pensions sectors – and analyze how to deal with the emergence of innovative products, distribution models and new players while leveraging existing Regtech and Suptech solutions to gain access to more granular and real-time data that enrich the supervisor's judgment and decision-making process.

The program combines joint cross-sectoral sessions with sector-specific breakout case studies, in recognition of the specific needs and interests of insurance and pensions supervisors. 

Topics Covered:

  • The impact of Fintech in insurance and pensions markets: on consumers, business models, and operational and internal risk management processes. 
  • Fintech and regulatory and supervisory issues: internal supervisory capabilities and tools, consumer outcomes, data privacy, and regulatory arbitrage.
  • The effects of climate-related risks, and what actions can be taken by supervisors and regulators.
  • Lessons learned and challenges ahead in the case of The Digitalization of the Mexican Pension System – Country Case.
  • How climate change and technological disruptions can affect the insurance and pensions sectors in the context of crisis situations.
  • Index-Based Insurance: how to respond to a range of issues arising at micro, meso and macro levels when an innovative index-based approach is introduced to help deal with climate-related risks. 
  • Alternative Investments: how to assess the risks of alternative investments, deal with pensions regulatory and supervisory challenges, financial risks related to climate change and the transition to a carbon-neutral economy.

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.

Registration Details

Program Fee: US$3,000                 

Where is the Program?

This 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 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.  

 

Program Materials

Registration Deadline

Tuesday, June 25, 2019

Registration Fee

The course registration fee is US$3000, inclusive of materials and events. Travel to Toronto and accommodations are excluded.

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

Farnaz Salehzadeh
fsalehzadeh@torontocentre.org