10.15 - 12.00

Frameworks and International Standards for Insurance Supervision
Mr. Jukka Rantala, Chairman of the Insurance Regulation Committee of International Actuarial Association (IAA), Finland

Mr. Rantala is the chairperson of the Insurance Regulation Committee of the International Actuarial Association (IAA). He is also the 2. vice-chair of the Groupe Consultatif Actuariel Europeen. His regular position is the CEO of the Finnish Centre for Pensions. His former carrier includes among other positions the head of the Finnish Insurance Supervision, CEO of Pohjola (a large Finnish insurace group) and CEO of the Federation of the Finnish Insurance Companies. He is Ph.D. by education and a Fellow of the Actuarial Society of Finland.

The Swiss Experience with Risk-Based Supervision
Prof. Dr. Herbert Luethy, Head of Federal Office of Private Insurance, Switzerland

Dr. Herbert Lüthy is Director and Head of the Swiss Federal Office of Private Insurance since 2002. He started his career in insurance at the Swiss-based Baloise, where Dr. Lüthy was employed in different function, eventually he was promoted to Director and Head of the Strategic Planing Department. In 1990, he joined Swiss Re, Zurich, as Head of the Department of Life Reinsurance Operations for Europe and Latin America. Since 1995, Dr. Lüthy was the Executive Board Member of the "Business Group Life & Health" at Swiss Re. 1997 through 2003, Dr. Lüthy acted as President of the Swiss Actuarial Society. In addition to his business functions, since 1989, Dr. Lüthy is a Professor of Mathematical Theory for Finance and Insurance at the Basel University. He received his masters degree in Mathematics and Physics at the Swiss Federal Institute of Technology (ETH) in Zurich, and his masters degree in Law and Economics at Zurich University. Dr. Lüthy received his PhD Law degree at Basel University, Switzerland.

Regulatory Framework and Economic Climate in Russia
Mr. Ilya Lomakin-Roumyantsev, Head of Russian Federal Agency of Insurance Supervision, Russia

Mr. Lomakin-Roumyantsev was appointed Head of the Federal Service of Insurance Supervision in March 2004. In 2001-2004, he acted as Representative of Republic Mari El in the Council of Federation. In 1998-2000, Mr. Lomakin-Roumyantsev was Head of the Department of Insurance Supervision of the Ministry of Finance. In 1993-1998, he was Member of the Board of Directors of the Federal Fund for Mandatory Health Insurance. Mr. Lomakin-Roumyantsev is a 1979 graduate of Moscow State University (a degree in Economics). In 1982, he received a post-graduate degree at the Department of Economics of Moscow State University.

Life Insurance Development and Supervision in Ukraine
Mr. Victor Suslov, Chairman of State Regulation Committee for Ukrainian Financial Services Market, Ukraine

Mr. Suslov is Chairman of the State Commission for the Regulation of Financial Services Markets in Ukraine since late 2002. Prior to this, he was a Member of the Verkhovna Rada. In 1997-1998, Mr. Suslov held the position of Minister of Economy of Ukraine. During his time in the parliament and government, Mr. Suslov worked as advisor to the Prime-Minister and Chief Consultant of the Economic Office of the Administration of the President. In 1980, Mr. Suslov received a PhD in Economics from Kharkov State University. After graduating in 1985 from the Moscow Institute of Foreign Languages with MA in Linguistics, he was invited to the post of Professor of Economics at the University of Mozambique.

Life Insurance Overview in Russia
Mr. Alexander Torbakhov, Vice-President, Board Member of Life Insurance, Rosgosstrakh, Russia

Alexander Torbakhov is CEO of "RGS-Life" company, Vice President and Member of the Board at RGS Group since April 2005. He started his career at "Deloitte & Touche", then joined the investment company "RINACO Plus". In 1998, he began working at Financial Company "NIKoil" as Financial Manager of Capital Market Department”. In 2001 Mr. Torbakhov was Financial Director at "NIKoil" company, a member of the Board. 2004 through April 2005 he acted as First Vice President of financial corporation "UralSib" responsible for “Financial Supermarket. Mr. Torbakhov is a graduate of Moscow Aviation Institute (MAI) and Moscow State Institute of International Relations (MGIMO), he also received an МВА degree in Business School of Chicago University (USA).

12.20 - 14.00

Opening Statement
Sir Ronald H. Grierson, Chairman of Blackstone Europe, The Blackstone Group, United Kingdom

Sir Ronald Grierson is a banker and industrialist and has on several occasions held full-time appointments in government. His principal business posts were Managing Director of S.G. Warburg (1948-1985) and Vice-Chairman of The General Electric Company (1968-1996). His main government appointments were Deputy Chairman and Managing Director of the UK Industrial Reorganisation Corporation and Director-General for Industry and Technology of the European Commission in Brussels. At various times he also served on the boards of Chrysler Corporation, R.J. Reynolds Nabisco, W.R. Grace & Co., British Aircraft Corporation (now BAE Systems) and International Computers Ltd. He continues to be on boards and advisory boards in Europe and the USA and is chairman of several international philanthropic bodies in the fields of medicine, education and music.

Investment climate for Eastern Europe and CIS
Mr. Jonathan Woollett, Director of EBRD - Non-Banking Financial Institutions, United Kingdom

Jonathan Woollett is the director responsible for the EBRD’s Non-Bank Financial Institutions activity, providing equity and debt to insurance companies, pension fund management companies, asset managers, leasing and specialist mortgage institutions. Jonathan joined the EBRD in 1998 from Credit Suisse Asset Management where he was the director responsible for developing asset management in Central and Eastern Europe. Jonathan was the CEO of the Credit Suisse asset management and mutual fund businesses in Prague from 1995 to 1996 and Warsaw from 1996 to 1998. Prior to Credit Suisse, Jonathan worked for SBC in London (now UBS) from 1988 to 1993. After graduating from Kings College, London University (German and Economics) in 1979, Jonathan started his banking career with Deutsche Bank, in London, Frankfurt and Hamburg

MetLife's Journey: Bringing Global Expertise to Local Markets
Mr. William J. Toppeta, President of MetLife International, METLIFE, USA

William J. Toppeta is President of MetLife International, responsible for the company’s insurance and employee benefits businesses outside the United States. He was named to this position on July 1, 2001. Toppeta is also a member of MetLife’s executive group, which he joined in 1997. His experience at MetLife includes such important senior roles as Chief Administrative Officer for the company, head of the U.S. Individual Business segment, and President and Chief Executive Officer of the Canadian operations of Metropolitan Life Insurance Company. Early in his career at MetLife he was named executive assistant to Richard R. Shinn, who was MetLife’s president at the time. His first role with the company was as an attorney in the legal department. Toppeta received a B.A. degree from Fordham College in 1970, a J.D. degree from New York University School of Law in 1973, and a LL.M degree from New York University School of Law in 1977.

European Insurance Industry – A personal View form an International Insurance Manager
Mr. Chris Schnor, Head of MG International, Winterthur Group, Switzerland

Mr. Schnor is Member of the Executive Board and Head of Market Group International at Winterthur Group since 2005. He started his career in 1989, upon joining British Tyre & Rubber, Denmark as Human Resources Manager. In 1990-1992, Mr. Schnor acted as Assistant to Managing Director in Winterthur Forsikring, Denmark. In 1994 -1997, he was appointed Head of Technical Services, Personnel Lines, Europe Department, Switzerland. In 1997-2003, he worked at various positions in Winterthur. Mr. Schnor was promoted to Member of the Executive Board, Winterthur Group, in 2003. Mr.Schnur is a 1983 graduate of Military Academy in Copenhagen, and a 1990 graduate of General Staff Course. In 1994, he received an MBA degree in International Business in Henley, UK.

Central and Eastern Europe & CIS Life Insurance Industry – Developments and Outlook
Mr. Andreas Vassiliou, CEO of Life Insurance Operations, CEE of AIG/ALICO, Greece

Andreas E. Vassiliou is Vice President of AIG Worldwide and Director & Executive Vice President for ALICO. He joined ALICO Greece in 1979 as chief operating officer, and in 1982 became its General Manager. About a decade on, Vassiliou moved to ALICO Europe to become Regional President and CEO for Central & Eastern Europe operations. He joined the Board of Directors of ALICO Worldwide in 1995 and was appointed Regional Chief Executive Officer for Central and Eastern Europe, Russia and the CIS Division in 1996. Vassiliou served as Senior Vice President for ALICO Worldwide from 2001 through 2003 and as Executive Vice President from 2003 up to date. In September, 2005, Vassiliou was appointed Vice President of the company. Vassiliou is a graduate of University of Athens, a Master of Laws (University of London), and Master of Economics (University of Athens). He received his Fellows degree in the Life Office Management Association.

The Oil Boom in Russia: Does it help to also boost the Wealth Management and Life Insurance Business?
Mr. Philipp Kindt, Executive Director of UBS - Wealth Management

Dr. Philip H.Kindt is Executive Director for Wealth Management UBS AG since 2004. He joined UBS AG, Zurich from Bank Vontobel AG, Zurich, where he acted as Head of Eastern European Wealth Management Unit in 1998-2003. In 1982-1998, Dr. Kindt worked for Munich Re. He was responsible for Munich Re’s acivities in Russian Federation and ex-Soviet Union Republics from 1990. Dr. Kindt studied Swiss Law, International Relations and Business Administration in St. Gall and Geneva, Switzerland and received his PhD degree at the University of Cologne, Germany.

15.15 - 16.45

Potential to Develop Russian Life Insurance Markets
Ms. Stefanie Appel, CFO Allianz ROSNO Life, Russia

Assessment of Life and Pension Insurance Market in Ukraine
Ms. Galina Tretyakova, Chairman of the Board, ASKA LIFE , Ukraine

Mrs. Galina Tretyakova is Chairman of the Board of JSC «UASK ASKA-LIFE», Member of the Board of Insurance Organizations’ League of Ukraine, Member of Committee on Revision of Insurance Legislature of Supreme Rada of Ukraine, Head of the Commission on Formation of Insurance Reserves and Investment. Mrs. Tretyakova is a graduate of Kharkov Aviation Institute and received her Master’s degree in Finance at the International Center of Market Relations and Business Undertaking. 1993 through 1994, Mrs. Tretyakova acted as Director of the branch «Kyiv-ASKO-CENTRAL». In 1994 -1996, Mrs. Tretyakova was First Deputy CEO of JSC «UASK ASKA» and Director of branch «Kyiv-ASKO-Central». In 1996-1999, Tretyakova worked as First Deputy CEO of JSC «UASK ASKA»

Former Monopolist Transformation Case Study
Mr. Ivo Foltyn, M.B.A., Director of Life Insurance, Ceska Pojistovna, Czech Republic

Mr.Foltyn is Director of Life and Pension of the Czech-based PPF since 2005. Since 2001 he has also been serving as Executive Board Member of Ceska pojistovna for life assurance. Since 1997 Mr.Foltyn has been Chairman of the Board of Directors and CEO of pension fund Penzijni fond Ceske pojistovny. He began his career in 1994 as a capital markets analyst with PPF investicni spolecnost. In 1995 – 1998 he was Project and Portfolio Manager at PPF Capital Management. Mr.Foltyn is a graduate of Brno Technical University’s Mechanical Engineering Faculty and the Prague University of Economics, Enterprise Management Faculty. He was awarded an MBA by the University of Chicago’s Graduate School of Business

Life & Pension Insurance, Transformation Process: Polish Experience
Mr. Miroslav Kowalski, CEO for Strategic Investment, PZU SA, Poland

Mr.Miroslaw Kowalski is PZU SA Executive Director for Foreign Strategic Ivestments and Management Board Proxy for Central and Eastern European Market Development; CEO of PZU International Ltd. since 2004. He oversaw a merger project with Nord LB insurance (both life and non life) companies in Lithuania, was project leader of Ukraine development activity of PZU in CEE, building life and non life model; negotiating with potential partners to enter the market, and executing the strategy and monitor activity from Supervisory Board Chairman’s position Mr. Kowalski’s career started in 1988, when he joined Mutual of Omaha in Toronto, Canada, as Field Underwriter. 1992 through 1997, he worked as Life Operations Sales & Marketing Director for Commercial Union Polska. His responibilities included establishing and developing departments: training, marketing, control, actuarial, and public relations; setting the strategy in sales and marketing; building sales force and whole distribution CU network in Poland In 1998-2003, he acted as CEO of Zurich Group in Poland building from scratch and heading Zurich Life, Zurich Non-Life and Zurich Pension Fund Company.

17.05 - 18.00

Winning the Customer in promising Life Markets
Mr. Auke Douwe Veenstra, Managing Director Business Development Europe Fortis Insurance International, the Netherlands

Distribution Channels Overview, Examples from Western Europe and USA
Mr. Dmitri Demidov, Senior Account Manager and Representative of the Life Division of MR in the CIS States, Munich Re, Germany

Mr. Dmitri Demidov, 35 years, completed studies at Moscow State Institute of International Relations (MGIMO) in Moscow and Ludwig-Maximilian-University in Munich. Having been at Munich Re Group since 1993, he is Senior Account Manager heading a group responsible for the CIS (Commonwealth of Independent States) States within Operational Division Life. Besides, Dmitri Demidov is Representative of the Operational Division Life in the CIS States. Working at Munich Re Group, he also writes a doctor dissertation on the topic of asset-liability management in life insurance companies at Ludwig-Maximilian-University in Munich.

Bringing Life Insurance through MLM channels
Mr. Stanislav Gotsuliak, Chairman of the Board of Garant-Life, Ukraine

Mr. Gotsuliak is Chairman of the Board at the insurance company Garant Life since March 2002. In January 1993-August 2000, he was appointed Head of the Makeev branch of the Donetsk-based ASKA. Mr. Gotsuliak joined Garant Life in September 2000 as Deputy Director of Garant-AVTO. In March 2001-March 2002, Mr.Gotuliak acted as Deputy Chairman of the Board of Garant-Life. Mr. Gotuliak graduated from the Donetsk Military Academy in 1983. 1991 through 1993 he studied at the Lenin Military Academy in Moscow. Mr. Gotuliak is also a 1997 graduate of the Donetsk State Academy of Economics and Trade, where he majored in Accounting and Audit.

10.05 - 11.25

Bankassurance: international outlook and local prospects
Mr. Alex Bertolotti, Head of Insurance & Pensions Group, PricewaterhouseCoopers, Russia

Mr. Bertolotti is partner of PricewaterhouseCoopers Moscow and Chairman of the Pension and Insurance Committee of the European Business Association since 2005. He has been involved in many regulatory driven projects in the UK, Saudi Arabia and Brunei. together with his attest work for clients from the pensions, insurance and asset management sector. Mr. Bertolotti was the lead auditor for a number of the largest pension funds in the UK, and advised on a significant number of transactions. Mr. Bertolotti has specifically advised on the development of strategic plans for Russian financial institutions in the long term savings market together with the provision of other consulting and audit services to this sector. He is a well-known contributor to industry in the European market through representation on industry bodies, speaking at conferences and submitting articles to trade press. Mr. Bertolotti graduated from Queen’s College, Cambridge, in 1993 with a degree in Economics and Management studies

Latest Trends in Bancassurance: Case Studies
Mr. Daniel Adamec, CEO of European Operations, eBao Technology, Switzerland

Mr. Adamec is CEO Europe of eBao Technology, a rapidly growing Chinese-Swiss software company, focusing on latest-generation policy administration systems for life and non-life insuerers. Mr. Adamec has developed his experiences in the financial field as an Engagement Manager and Associate Partner at McKinsey in Zurich and Hong Kong. In Zurich, he worked on multiple engagement in different industries such as insurance, banking and telecom including restructuring, M&A and corporate finance projects. In Hong Kong, he was responsible for the formation and the lead of the Asian Insurance and Personal Financial Services practice across Asia. This included a range of multinational insurers and domestic players on strategy, operations and organization. His brought his experience into China, Hong Kong, Korea, Singapore, Malaysia and many other Asian countries. Prior of his work at McKinsey, Mr Adamec was the CFO for Winterthur Life&Pensions and responsible for a team of 110 people in Switzerland and more than 500 people in international subsidiaries. He was a member of the board of Winterthur Life&Pensions, Credit Suisse Life&Pensions Pojistovna and their entities in Europe and Asia.

BancassuranceTechnologies in Life Insurance Business
Mr. Nikolay Nicolenko, CEO of Insurance Group UralSib, Russia

Nikolay Nikolenko is CEO of Insurance Company UralSib and Chief Executive Director for insurance business of Financial Corporation URALSIB since March, 2005. In 1994 he joined Insurance Company UralSib where he started as Chief of Pension Insurance Department. In 1998 he was appointed Vice President of the company, in 2003 Executive Director. Nikolay Nikolenko has contributed considerably to development of the Russian insurance market. He published several books on insurance management and over a hundred articles dedicated to insurance issues. He has 3 university degrees including a degree in Economics; he also has a PhD in Economics.

11.45 - 13.15

An Innovative Approach to Support New Products and Multichannel Distribution
Mr. Didier Beck, CEO of e-Center solutions, Helvetia Patria Group, Switzerland

Since 2002, Mr. Didier Beck is the Director of the Corporate eBusiness Center at Helvetia Patria Group. He has a Master of Science in Computer Engineering and a Master of Business Administration. Starting 1995 Mr. Beck was in charge of different IT architecture und project management functions within Helvetia Patria Switzerland and . worked afterwards as the assistant of the CIO, before starting the development and implementation of the e-business strategy of the Helvetia Patria Group. He has been one of the founders of the eBusiness Center, which now, five years after its foundation, will be sourced out into a new company. Mr. Beck is the designated CEO of the spin-off company "ecenter solutions", which will continue delivering its services and products to the Helvetia Patria Group, but already started offering them on the market as well.

Mr. Nicola Stefania, Director of Business Development of e-Center solutions, Helvetia Patria Group, Switzerland

As Director, Business Development, Mr. Nicola Stefania will be responsible for the market expansion of the spin-off company "ecenter solutions". As former Principal Consultant Insurance at Hewlett-Packard Consulting & Integration, Mr. Stefania contributed from the start to the implementation of the eBusiness Center. In 2005, he decided to change to Helvetia Patria and be a part of the eBusiness Center management team. Mr. Stefania has a diploma in business information technology and started his career at Zurich Financial Services as Software Engineer and Project Manager in 1985 and, therefore, looks back to 20 years of experience in the area of Information Technology in the Insurance Industry.

Energizing the Life Market – Legacy Revitalization
Mr. Brian Heale, Global Life Solutions Director, Sungard Sheerwood Systems, United Kingdom

Mr. Brian Heale is an e life insurance expert with over 30 years of industry experience. He has significant understanding of the industry having worked with both UK and US insurers and more recently as a Managing Consultant with Capgemini. As well as a business understanding he has a through knowledge of Insurance systems and associated problems and in particular back office processing. Principally now involved in SunGard's Amarta solution Mr. Heale will look at the problems relating to legacy systems and the options to tackle those problems such as Wrap, Replace or Outsource.

Re-Engineering Life Insurance – A Case Study
Mr. Stein Fjeld, Excecutive Programme Director, SpareBank 1 LIVS og Fondsforsikring, Norway

Mr. Stein Fjeld, is currently heading a large re-engineering program for SpareBank1 1 Life and Insurance AS. Mr. Stein has extensive international experience from the Life and Insurance industry from his prior position as international partner for Coopers & Lybrand Consulting now PriceWaterhouseCoopers. During his career he has lead several start-up operations within the Bank and Insurance industry both in Norway and Europe. Mr. Stein has prior to this held CEO and Vice President position in both general and life insurance companies. He will present some of his experience in this field by introducing you to his present assignment for Sparebank1 Life and Assurance - A program called 8 2 I (Eight to one) Nytt Liv.

Utilize and Adapt an Innovative Process Model as Technology Emerges
Mr. Klaus Hackbarth, Deputy CEO WGV and CEO RZB-Service of WGV Versicherung, Germany

Mr. Klaus Hackbarth started his career as the deputy administrative officer and then the administrative officer at the Stuttgart College of Public Administration. Afterwards, he was claims manager and department manager for network development at the Wurttembergische Insurance Group in Stuttgart, where he was responsible for IT development for the newly founded WGV.Schwabische Lebensversicherung AG and the project „Downsizing with ICIS“, which started in 1994. He served as CEO of WGV-Informatik GmbH. Mr. Hackbarth has been elected in 1999 to the Boards of Directors of many arms of the Wurttembergische Insurance groups and became vice-chairman of all three boards in 2003. Mr. Hackbarth now also serves as the CEO of the newly founded RZB-Service GmbH in 2003. This company handles all IT services for the WGV-Versicherungsgruppe and other insurers.

The Strategic Balance from Actuarial Requirements to IT Implementation
Dr. Martin Balleer, Principal Consultant, FJH; Member of the Advisory Board of the German Supervisory Authority BaFin, FJH, Germany

Dr. Martin Balleer is a long term board member of a German insurance group and a member of several committees incl. presidential board of the German insurance association GDV. Dr. Balleer serves as a, long term president of the German Actuarial association DAV and is a, member of several national and international committees within the actuarial profession and a, member of the advisory board of BaFin (German supervisory authority). He is the, initiator of the European Actuarial Academy EAA, actually principal consultant of FJH, top supplier of life insurance software in Germany.

14.15 - 15.40

Protection Against Reinvestment Risks of a German Life Insurer
Mr. Andre Bischoff, Managing Director of Gerling Pensionsmanagement, Germany

Since 2001, André Bischoff is fund manager at Gerling Investment, the mutual fund management company at Gerling, which is the biggest owner-runned insurer in Germany. Two years ago he took over the fixed income leadership of the asset manager of the Gerling insurance group. Prior to that, he was deputy manager in the treasury department for equities and fixed income with Sparkasse Bonn, the mutual savings bank of the former german capital. Mr. Bischoff started his career in 1986 at the german headquarter of Fortis Bank, Bruxelles, formerly known as Generale Bank. His broad experience covers the foreign exchange, interest and derivative capital markets.

Asset Management Practice of Life Insurers in Russia
Mr. Vassiliy Chekulaev, Deputy General Director, Head of FI and Corporate Sales, Allianz ROSNO Asset Management, Russia

Mr.Vassiliy Chekulaev is Deputy CEO and Head Fl and Corporate Sales at Allianz Rosno Asset Management. He is responsible for cooperation with non-state pension funds, insurance companies and corporate clients. Before joining Allianz Rosno Asset Management, Mr. Chekulaev acted as Vice President of the ING Non-State Pension Fund, responsible for marketing and sales. He oversaw development of new sales channels and pension management products. Mr.Chekulaev is also a member of Charteted Insurance Instutute, London. Mr. Chekulaev is a MGIMO graduate, received his MBA degree at TIAS, the Netherlands, and attended “Strategic Management in Insurance” class at BICON, Sweden.

Basic Principles and Development Perspectives of Investments in Insurance Secto
Ms. Vera Balakireva, Deputy Director of Financial Policy Department, Minsitry of Finance, Russia

Risk-based Capital in Life Insurance
Mr. Michael Hergesell, Deputy Director of Allianz, Russia

Mr. Hergesell heads JCSC Allianz Insurance Company and also serves as Deputy Head of the Russian Branch of Allianz AG. In 2003-2004, he acted as Financial Director of JCSC Ost-West Allianz. 2001 through 2003, Mr. Hergesell was Internal Auditor at CEEMA Allianz AG in Munich. Prior to that, since 1996 he worked as Consultant for Gesellschaft fuer Innovationsforschung und Beratung in Berlin. Mr. Hergesell is a 1994 graduate of Martin-Luther University (Halle, Germany), a 1996 graduate of Higher School of Econmics (Toulouse, France) and a 2000 graduate of Berlin Technical University.