Major European insurance market meeting to be held in Malta

Significant changes to the European insurance regulatory landscape and the fast-changing nature of the risk management profession in Europe have led to high interest across the continent in the Malta International Risk and Insurance Congress which will be held in Malta on November 25 and 26.

Top industry figures from both sides of the fence – insurance buyers and carriers – have agreed to speak at this major market gathering and will engage in an open and news-led debate about the big changes and best strategic reactions to these changes.

Leading insurance industry figures such as Axel Theis, CEO of Allianz Global Corporate & Specialty, Eileen McCusker, Chief Executive of International Property & Casualty at XL Insurance and Lex Baugh, President and CEO of Chartis Europe, the company formed out of AIG’s commercial risk business, will lock horns with top risk and insurance managers such as Peter den Dekker, President of the Federation of European Risk Management Associations (FERMA), to seek answers to some big questions.

Solvency II, Europe’s planned new capital adequacy regime for the insurance sector, will inevitably take centre stage as insurers and risk managers try to work out exactly how the new rules will impact their business and, in particular, what it will mean for captive insurance companies such as the growing number based in Malta.

The debate over this fundamental rule change has intensified in recent times in the light of international pressure to ramp up capital and management requirements across the financial services sector. The debate will therefore also focus upon how the big insurers and their commercial customers should react to the changes and seek innovative new ways to manage their capital more efficiently within the new regulatory landscape.

Although the insurance market may not currently be booming and corporate insurance managers and captive owners are still under intense pressure to control costs, industry experts believe there are still significant opportunities for growth in this market. The event will give the Maltese insurance and investment management community a chance to interact and debate new industry strategies with international risk managers and other professionals operating in the insurance and wider corporate world.

The European and global economy and financial services sector may not be out of the woods yet but this gathering of risk experts promises a lively debate on the opportunities of the challenges that are to be faced.

For programme information and to register one may go to www.commercialriskeurope.com/events/

MFSA web site: http://www.mfsa.com.mt

Registry web site: http://registry.mfsa.com.mt

Consumer web site: http://mymoneybox.mfsa.com.mt