imia conference 2020€¦ · data driven. online presence. global. diversified. enforced by...
TRANSCRIPT
IMIA Conference 2020
S. Lämmle, September 2020Photo by SpaceX on Unsplash
Agenda
1. Anti-Trust Statement2. IMIA EC3. Vision 20254. IMIA Departments - Roles and Responsibilities5. IMIA Interactions6. IMIA Market Data Analysis7. Proposed Change in Corporate Setup and Constitution
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Anti-Trust Statement
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MEMORANDUM AND ARTICLES OF ASSOCIATION
4. Anti-Trust Legislation The International Association of Engineering Insurers (IMIA) recognises the importance of compliance with those anti-trust laws which are applicable to members of the IMIA. These laws generally prohibit underwriters from entering into any agreement or understanding, express or implied, on matters affecting rates or conditions of insurance. It is the policy of the IMIA to require its Members, Officers and all participants in IMIA activities to honourand abide by these prohibitions in all respects.may be anti-competitive in various jurisdictions
The Big „O‘s“ HandOvers … and then …
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2019 Vienna2018 Singapore 2020 … Online
IMIA 2020
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0,5
1,0
1,5
2,0
2,5
3,0
0
10
20
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50
60
A. Countries andAssociations
B. InsuranceCompanies
C. ReinsuranceCompanies
D. AssociateCompanies
IMIA Members and Delegates2018
Delegates Members Avg. Delegates/Member
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0,5
1,0
1,5
2,0
2,5
3,0
0
10
20
30
40
50
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A. Countries andAssociations
B. InsuranceCompanies
C. ReinsuranceCompanies
D. AssociateCompanies
IMIA Members and Delegates2020
Delegates Members Avg. Delegates/Member
AustralAsia
Europe
MiddleEastAmerica LatinAmerica
Africa
36 MEMBER COUNTRIESMembers Delegates
76 150Members Delegates
77 184
2 Newsletters Telcons with Sec: bi-weekly EC Meetings: 7 Emails: 1.430
Introduced standard agenda and action log for telcons and EC meetingsDeveloped conference
preparation and organisation checklist Tested 5 and subscribed to 1
online communication provider First virtual annual conference
ever, presidency stays with Ireland IMIA academy pending, selected
courses by webinars
News:
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IMIA Vision 2025
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Reference organisation for all engineering standardization matters
Data driven
Online presence
Global
Diversified
Enforced by co-operations and partnershipsInfluential through visibility and conspicuousness
• Setting standards for the engineering insurance industry (What CoB are Engineering? Why portfolio steering difficult? Market size? …)
• Producing quality Stats and Index (Rate Index, Loss Ratio Index, Large Claims List, …)
• Tackle the white spots such as Asia, USA, LA … also for the EC, even if it makes communication more challenging (but Webcasts and VC help overcome)
• Especially age and gender-wise, encourage memberships and EC
• Interacting with LEG, Mira, OPERA, LMA, IUA, IUMI, IRMI, European Power Group, etc. and also with broker associations, risk managers etc.
• Set up communication strategy and “marketing” targets.One objective: “brokers cite IMIA in their publications”
• Increased online presence and virtual offerings (academy, webinars, …)
Secretariat: Spencer Michael & Joslin Stephanie
IMIA Departments
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CONFERENCE
Event Management
Agenda & Speakers
Finance
Sponsorship
BOS & WG
ACADEMY
Event Management
Agenda & Speakers
Finance
Webinars / One Day Events
MEDIA
Webpage
Press
Social Media / Online Presence
Newsletter
DATA
IMIA Stats
Rate Index
Loss Ratio Index
Large Loss List
MANAGEMENT
Representation
Treasurer
Constitution
Secretariat
Membership Management
Interaction with Associations
EC Meetings
Benz GuidoBenz MaxCazzaniga MatiaDejung SimonHautefeuille OlivierKane AndyLämmle StephanRadevsky RichardSpaar DieterZyuganova Marina
Benz GuidoBenz MaxCazzaniga MatiaDejung SimonHautefeuille OlivierKane AndyLämmle StephanRadevsky RichardSpaar DieterZyuganova Marina
Benz GuidoBenz MaxCazzaniga MatiaDejung SimonHautefeuille OlivierKane AndyLämmle StephanRadevsky RichardSpaar DieterZyuganova Marina
Benz GuidoBenz Max
Cazzaniga MatiaDejung SimonHautefeuille OlivierKane AndyLämmle StephanRadevsky RichardSpaar DieterZyuganova Marina
Benz GuidoBenz MaxCazzaniga MatiaDejung SimonHautefeuille OlivierKane AndyLämmle StephanRadevsky RichardSpaar DieterZyuganova Marina
Roles, Owners and Authorities
Note: Each department can introduce sub-committees on its own
IMIA Interactions
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IMIA interactions with other associations and committees (from an IMIA perspective):
- Data exchange and completion
- Common working groups for education and training
- Complementary tasks and strategies
- Mutual referencing
IUMI
LEG
OPERA
MIRAIUA
LMA
EPCFederation of European Risk Management Associations
IMIA Market Data Analysis
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IMIA Statistics and Indices
• IMIA Premium & Claims Statistics [IPC]• IMIA Rate Change Index [IRCI]• IMIA Loss Ratio Index [ILORI]• IMIA Mega Loss Index [IMLI]
IMIA and the 4 C‘s
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IMIA provides market intelligence:Strategy Question IMIA SupportWhat is your market share? How much is the market income? I P&C S
How are you performing in the market? What is the market loss ratio? ILORI
What is your strategy? Is the market changing? How does the market develop?
IRCI
What losses and changes happen in the industry? What do you need to prepare for?
How to assess risks of new technology, materials, innovations?
IMLI, WGP and webinars
Diamond: Cut, Clarity, Color and CaratsIMIA: Contribution, Cooperation, Consistency, Change
Proposed New IMIA CLG Company Status
Background: New contracts – new liabilities
Change from „unregistered - unlimited“ to „registered – limited by guarantee“ [The Companies Act 2006] Introduce amended Constitution / Articles of Association i.a.
- Company Not Having a Share Capital
- Liability of each member is limited to £1
- Memberships and Delegates (Country Insurance Associations [4], Insurers / Reinsurers [4+2], Associate Members [2+1], Additional Membership [+2/+1], Fellows)
- EC members become directors
- Voting rights for delegates
- Administrative arrangements (Financial Reports, Statement of Account)
Pre-read on IMIA webpage
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Conference Agenda
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Please continue to support IMIA‘s activities in Working Group Papers News Letters Market & Data Surveys Webinars Photo Library Sub-committees
We need YOU
IMIA and the 4 C‘s
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VIVAT IMIA
Looking forward to seeing you all in Dublin 2021
Diamond: Cut, Clarity, Color and CaratsIMIA: Contribution, Cooperation, Consistency, Change
IMIA Conference 2020
S. Lämmle, September 2020Photo by SpaceX on Unsplash