IQBAL MIRZA

KARACHI: The Securities and Exchange Commission of Pakistan will host the 2nd SAARC insurance regulators’ meet and international conference at Movenpick hotel here on April 14-16.

The theme of this mega event is “Local to Global” which is expected to attract nearly 400 participants and experts from around the world who will exchange experience and discuss the challenges in insurance and explore perspectives on emerging risks.

The participants will include representatives of insurance and re-insurance companies, banks/financial institutions, insurance intermediaries, international organisations, NGOs, and international development agencies as well as academicians, policy makers and regulators.

The conference will provide:

- Understanding the regulatory regime of Pakistan and other SAARC countries;

- Exploring new avenues such as Takaful and microinsurance;

- Exploring and understanding the dynamics of insurance industry of Pakistan, and

- A valuable network building opportunity.

The highlights of the conference will be :

- Pre-conference training workshop by international experts;

- 4 interactive knowledge studios and panel discussions;

- 10+ highly geared presentations by international experts;

- Thematic coverage of microinsurance and Takaful;

- Heavy participation from South Asia and the region; and

- Dedicated networking sessions.

According to organisers the benefits of attending the conference would be unique opportunity to network with 400+ participants from South Asia; live panel discussions and dynamic debates among the industry participants, regulators and policy makers; knowledge exchange with regional counterparts; building of future partnerships, and listen to best international trainers and speakers.

On April 14, SAARC insurance regulators meet would lead to a round table discussion inviting insurance regulators, representatives of international association of insurance supervisors (IAIS) and the representatives of donor organisations to discuss the challenges and opportunities in the insurance regulation and how to increase regional collaboration for effective market development.

The workshop topic same afternoon would be: promoting proportionate regulation and risk based supervision. The topics under discussion would include: IAIS insurance core principles on solvency and solvency related issues; application of proportionality in practice; calibrating risk-based capital requirements and risk-based supervision; and enterprise risk management.

Commissioner (Insurance), Securities and Exchange Commission of Pakistan would present welcome address followed by opening address by Chairman, SECP, Tahir Mahmood. Saifuddin N Zoomkawala, Chairman of the committee on finance and insurance, SAARC Chamber of Commerce and Industry, Mohammad Ali Zeb, Chairman, Insurance Association of Pakistan, and guest of honor would be the other speakers. The conference would close in the afternoon on April 16.