Ninth IAIS Annual Conference 2002, Santiago de Chile 1

Moderator

Jürgen HuppenbauerGesamtverband der Deutschen Versicherungswirtschaft (GDV)

De- or Reregulation

Ninth IAIS Annual Conference 2002, Santiago de Chile

Panelists

• John Cooke, Association of British Insurers

• Robert Mulligan, The Chubb Corporation

• Steve Butterworth, Guernsey Financial Services Commission

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Ninth IAIS Annual Conference 2002, Santiago de Chile

De- or Reregulation

What is best for re-/ insurance markets

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Ninth IAIS Annual Conference 2002, Santiago de Chile 4

• Globalisation

• Financial Stability

• Sustainable development

• Natural catastrophes

Ninth IAIS Annual Conference 2002, Santiago de Chile 5

Which type of

• legal framework

• Supervision

• is appropriate to match with the challenges lying ahead ?

Ninth IAIS Annual Conference 2002, Santiago de Chile 6

Todaygreat variety of

Supervisory rules and systems

Tomorrowneed for appropriate

standardised regulations

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Which international standard is acceptable to be

appropriate?

Ninth IAIS Annual Conference 2002, Santiago de Chile 8

Proposals made by

• WTO/ GATS - member states

• European Services Forum

• Financial Leaders Working Group

• International Association of Insurance

Supervisors

Ninth IAIS Annual Conference 2002, Santiago de Chile 9

GATS (Liberalisation)

• Most Favoured Nation Clause

• National Treatment

• Domestic Regulation