The insurance coverage business is dealing with local weather change challenges

The president of the Board of Administrators of the Dominican Chamber of Insurers and Insurers (Cadoar), James García, confirmed this Wednesday that this business is in a crucial interval of transformation attributable to technological innovation, local weather results , client calls for and ever-changing regulatory governance. panorama.

Whereas delivering the keynote tackle on the opening of the convention “Cadoar: Challenges and insurance coverage transformation for 2034: World Perspective and Methods for the Dominican Republic”, the business chief was hopeful that regardless of these challenges, and he sees these challenges as alternatives to innovate, change and create flexibility.

On the occasion, which is able to final till Thursday, July 25 within the Nice Corridor of the Marriott Piantini Resort, García emphasised that this convention seeks to create an area for dialogue and reflection on the worldwide and native dangers which impacts the insurance coverage sector, too. as methods to cope with them and promote the social and financial improvement of the nation.

Along with García, the opening ceremony included the phrases of Franklin Glass, government president of that entity, and Josefa Castillo, Director of Insurance coverage. This convention will analyze the challenges and alternatives dealing with the insurance coverage business within the subsequent ten years, because the Dominican insurance coverage sector is at a crucial time of transformation, main with technological innovation, altering client calls for and an ever-evolving regulatory panorama.

Regardless of challenges akin to digitalisation, rising dangers and local weather change, the business stays optimistic and sees these challenges as alternatives to innovate, change and construct resilience.

Representatives from the Ministry of Financial system, Planning and Growth, the Nationwide Council of Personal Enterprise (Conep), the Dominican Confederation of Micro, Small and Medium Enterprises (Codopyme), the Nationwide Affiliation of Younger Entrepreneurs (Anje) will take part on this convention). , Dominican Affiliation of Insurance coverage Brokers (Adoose), Confederation of Employers of the Dominican Republic (Copardom), amongst others.

The Congress

The convention will cowl a variety of matters related to the way forward for the insurance coverage sector, and among the many presenters and their matters is César Rodríguez, from the corporate Marsh McLennan, who this morning at the moment “Evaluation of world dangers and the way insurance coverage contributes to coping. them.”

Likewise, the economist Roberto Despradel spoke about “Insurance coverage as a key software for the safety and socio-economic improvement of the nation”; Enrique Venegas, from Man Carpenter, spoke on the subject “The place are we going as a market?”

New fashions, innovation and motion”; and Fernando Langa, of Langa & Asociados, will speak about “Updating the Insurance coverage and Bond Legislation 146-02 of the Dominican Republic.”

This Wednesday afternoon’s session will start with Pável Isa Contreras, Minister of Financial system, Planning and Growth, who will communicate on the “Nation Imaginative and prescient: Nationwide Threat Coverage.”

It’s going to proceed with the panel “Dialogue on Multisectoral Cooperation, in selling tolerance”, composed of César Dargam, government vice chairman of CONEP; Eliana Díaz, director of investigation and verification of the Superintendent of Insurance coverage (SIS); Luis Miura, president of Codopyme; José Nelton González, president of ANJE, and Wilfredo Baquero, first vice chairman of Cadoar, will likely be moderators.

Whereas circumstances of interregional alliances to cope with environmental, financial, social and technological challenges will likely be introduced by Mirenchu ​​Del Valle, president of the Union of Insurance coverage and Reinsurance Organizations of Spain (UNESPA) and Gustavo Morales, head -active seat of the Federation of Insurers. from Colombia (FASECOLDA), moderated by Franklin Glass, government president of CADOAR.

On the second day, the convention will begin with the convention “The significance of commitments to make sure compliance with public contracts: present perspective and future projection, by Carlos Pimentel Florenzán , director normal of Public Contracts; and it’ll proceed with the presentation “Competitiveness of the insurance coverage markets of the area beneath the eyes of the reinsurance”, which could have José Manuel Athié, from the Swiss Re firm, as speaker.

After that, atmospheric and environmental scientist John Morales will give the speech on the convention “Local weather phenomena, El Niño and La Niña. What’s extra frequent at the moment in Latin America?

Afterwards, the panel “Local weather Change and its influence on threat administration” will likely be held, with panelists Carlos Flores, president of the Dominican Affiliation of Insurance coverage Brokers (Adocose); Laura Peña Izquierdo, president of the Confederation of Employers of the Dominican Republic (Copardom); John Morales, atmospheric scientist and will likely be moderated by James García, president of the Cadoar board of administrators.

Subsequent, the seminars “New applied sciences to advertise public-private transformation”, with Sofía Silvia Carballido, professional in GovTech; “The usage of synthetic intelligence to enhance contracts between insurers and insured”, by María Mercedes Peña, co-founder of Ren Consultores; and “The Energy of Accounting: the artwork of creating issues occur”, by Jesús Gallego, marketing consultant and author.

Lastly, the marketer Melvin Peña will educate the workshop “Masterclass: Narrative and Insurance coverage”, geared toward journalists and communicators from numerous information media and authorities establishments and personal corporations affiliated with it the division.

Interregional alliances

Instances of interregional alliances to deal with environmental, financial, social and technological challenges will likely be introduced by Mirenchu ​​Del Valle, president of the Spanish Union of Insurance coverage and Reinsurance Companies (UNESPA) and Gustavo Morales, government president Federation of Spanish Insurers. Colombia (FASECOLDA), moderated by Franklin Glass, government president of the Dominican Chamber of Insurers and Insurers (Cadoar).