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Insurance Sector Conference Smaller Insurers Panel Discussion 18 March 2010.

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Presentation on theme: "Insurance Sector Conference Smaller Insurers Panel Discussion 18 March 2010."— Presentation transcript:

1 Insurance Sector Conference Smaller Insurers Panel Discussion 18 March 2010

2 Chair: Jeremy Heales Head of Mortgage and Insurance Department Small Firms & Contact Division, FSA Panel:Dave Howard FSA supervisor, Small Firms & Contact Division Martin Shaw Chief Executive, Association of Financial Mutuals Paul Hudson Chief Executive, Cirencester Friendly Society Sean Hannan Director & Deputy General Manager Electrical Contractors Insurance Co Ltd Introductions: Panel

3 Topics 1.Supervision 2.Policy 3.Risks 4.Help General Q & A

4 1. How we supervise smaller insurers Supervision Desk-based Reviews Seminars Supervision Visits/meetings ReturnsRoadshows

5 2. Policy: How well does the FSA do in its formulation of policy for smaller firms?

6 2. Policy Formulation FSA Policy Consultation Paper Government Driven Proportionate EU Driven Trades & Firms

7 3. What are the key risks and challenges facing smaller insurers?

8 3. FSA’s view of risks and challenges for smaller Insurers Risks & Challenges Economy With profits Regime Solvency Convergence

9 4. What help does the FSA give to smaller insurers?

10 HELP Customer Contact Centre Website Specific tailored help Workshop


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