The ITFA Insurance Committee is pleased to invite all our ITFA members to share some knowledge with us on all the latest trends in the market and get updates on regulation and products related to risk mitigation through insurance.
 
We intend to have short Zoom seminars on a bi-weekly basis, on Friday afternoons, starting on May 15^th with an update on our discussions with the regulator.
 
The first session shall aim at:

1. Giving you an update on what happens in Brussels – and that’s a lot despite COVID-19 and indeed even because of it;
2. Telling you how the insurance industry reacts to this and to the present crisis;
3. Giving some orientation in the present jungle of government subsidies and schemes.

Topic: ITFA Insurance Committee Regulatory Update: Trade Credit Insurance – impact on real economy underestimated!

Date & Time: Friday, May 15^th 2020 – EDT 9:00  / 14:00 BST / 15:00 CEST /  21:00 CST

Agenda:

 – Update from the Insurance Committee – Silja Calac, ITFA Board member and Head of Insurance / Senior Surety Underwriter, Swiss Re Corporate Solutions

 – Update from the regulatory front: EBA opinion – Lucie Binova, Account Director, Hume Brophy

• Finalized Basel recommendations
• Why does EBA opinion matter to private credit insurance
• What should ITFA do to help the policymakers understand the importance of the private credit insurance

  – Where does the single risk industry stand: joint association letter – Carol Searle, General Counsel, Texel

• EU policy responses to mitigate impact on banks of COVID-19
• Difference in treatment of ECA backed and private guarantees
• Different treatments depending on insurance product (whole-turnover, single risk insurance, surety)
• Joint Association letter – highlighting importance of private credit insurance market

  – How can governments support? Sébastien Heurteux, BNP Deputy Head Portfolio Management Solutions      

• Prompt reaction from States & Regulators
• A diversity of measures, programs and aids
• Focusing on programs & aids related to Banks
• Questions raised concerning the impact on Insurance policies of State & Regulators actions.

 – Q&A
 
To book your place, please confirm your registration by email to alexiavella@itfa.org. Closer to the date of the webinar, you will receive joining details.

Also please watch out for the details of our upcoming webinars. The following sessions are planned for 29th May at 3 pm: insured policy wording; 12th June at 3 pm: re-insurance; 26th June at 3 pm: to be disclosed.

We look forward to seeing ITFA members join the webinar and benefit from your insights and questions to enrich the debate – it will be recorded to enable playback.