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INVITATION TO THE CEA CONFERENCE 25 November 2003, Brussels “New European legislation, regulation and supervisory practices: strategic challenges for the insurance sector” Insurance is traditionally one of the most regulated industries. Yet the pace of new legislation and regulation is relentless. In the EU, insurance-related policies are at the core of the FSAP (Financial Services Action Plan) and extend far beyond it. As a consequence, the regulatory environment has become a key strategic dimension for the insurance sector! It influences companies’ conduct of business and their profit and loss account It impacts on the contribution to economic growth and financial stability provided by insurance. Both politicians and top managers are increasingly aware of this situation. Many of them are already actively involved in developing an adequate regulatory framework for European insurance. CEA is proposing a high-level debate between regulators, legislators, supervisors and industry representatives on the challenges to be met. Distinguished speakers will address a selection of burning issues including: The accelerating pace of new regulations for European insurance: where will this lead us? How to organise the necessary dialogue between industry, regulators and supervisors? Latest developments on new pieces of regulation and their potential impact: IAS/IFRS Solvency II Consumer protection rules. How should insurance supervision in the EU be structured? The way forward towards a true single market in insurance. Importance of insurance in the European economy. The future EU constitution and its impact on the insurance sector. As you know, many of these issues are still quite controversial. You are kindly invited to join in this unique debate which should help to find a way forward! DRAFT PROGRAMME (15/09/2003) On Tuesday, 25 November 2003 Legislators, regulators, supervisors and insurance industry leaders will debate on “New European legislation, regulation and