Tokyo Executive Seminar on Insurance Regulation and Supervision

Abstract

The Tokyo Executive Seminar on Insurance Regulation and Supervision was held at the Asian Development Bank Institute (ADBI) in Tokyo on 27-28 September 1999. It was hosted by the Financial Supervisory Agency (FSA) of Japan and ADB Institute in collaboration with the Organization for Economic Co-operation and Development (OECD), the International Association of Insurance Supervisors (IAIS), and the Ministry of Finance of Japan. Approximately 90 highlevel officials and experts attended the seminar from the insurance authorities of 51 jurisdictions, as well as representatives of four international organizations (European Commission, OECD, IAIS and Joint Forum). The seminar provided a timely opportunity for these officials and experts to exchange views, and develop a better understanding of key issues on insurance regulation and supervision. Specifically, this seminar focused on: organization of insurance supervisory authorities, prudential regulation, supervision of financial conglomerates, exchange of information among supervisors, financial sector convergence and supervision of insurance companies in difficulties.