imia conference 2020€¦ · data driven. online presence. global. diversified. enforced by...

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

15. September 2020 2IMIA Conference 2020

Anti-Trust Statement


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 …


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

30

40

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

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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:

15. September 2020IMIA Conference 2020 6

IMIA Vision 2025


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


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 Max

Cazzaniga MatiaDejung SimonHautefeuille OlivierKane AndyLämmle StephanRadevsky RichardSpaar DieterZyuganova Marina


Roles, Owners and Authorities

Note: Each department can introduce sub-committees on its own

IMIA Interactions


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


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


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


Conference Agenda


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


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

imia conference 2020€¦ · data driven. online presence. global. diversified. enforced by...

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