The financial crisis highlighted the need to further consider the way in which systemic risk is created and/or amplified in the insurance sector. In his keynote address to the Institute, Mr Bernardino argues that enhanced reporting and monitoring tools are needed to ensure that supervisors can identify potential systemic risks and vulnerabilities that could be building up in relation to capital, reserving, liquidity and asset and liability exposures.
About the Speakers:
Gabriel Bernardino was appointed Chairman of the European Insurance and Occupational Pensions Authority (EIOPA) on its formation in January 2011. Prior to his current role, Mr Bernardino was Chairman of the Committee of European Insurance and Occupational Pensions Supervisors, EIOPA’s preceding organisation. During the Portuguese Presidency of the EU in 2007, Mr Bernardino chaired the Council’s working group responsible for the negotiations over the Solvency II proposal. Mr Bernardino has a degree in mathematics and a master’s degree in statistics and optimisation from the Universidade Nova de Lisboa, Portugal.
