Today was the second in a row “Global InsurTech Roadshow”, organized by TechQuartier, a famous digital center and Goethe Business School, in Frankfurt, Germany. The event was supported by the European Insurance and Occupational Pensions Authority (EIOPA). In the panel discussion titled “Regulator’s talk”, the Chairman of the Council of Experts of the Insurance Supervision Agency, Mr. Klime Poposki addressed the present. The panel was moderated by Philipp Krohn of the Frankfurter Allgemeine Zeitung, a well-known German journalist who monitors the insurance industry, while the panel was attended by the Chief Executive Officer of the Federal Authority for Financial Supervision of Germany Dr. Frank Grund and General Manager of the Israeli Capital Market, Insurance and Savings Capital regulator Dr. Moshe Bareket.
In addition, the President of the Council of Experts of the Insurance Supervision Agency, Klime Poposki emphasized the role of the Agency as a regulatory body for digitization support which in the future will have a strong influence on changing the working processes of insurance companies and insurance intermediaries.
“The changes will mean greater economy in the operation of the insurance companies and this will affect the reduction of the prices of the insurance products, greater and simpler availability to potential insurers, greater efficiency in the settlement of claims, greater satisfaction in the consumption of insurance products and greater stability of the insurance industry, “Poposki said at the panel discussion.
The two-day forum in Frankfurt was attended by eminent representatives from regulatory bodies, insurance companies and intermediaries in insurance, start-up companies and university professors.