Dr. Klime POPOSKI, President of the Council of Expert of the Insurance Supervision Agency, R. Macedonia will provide an overview on the insurance business challenges and the perspectives for six Western Balkan countries (Macedonia, Serbia, Montenegro, Albania, Kosovo and Bosnia and Herzegovina) by identifying the key driving factors from the insurance supply and demand side. A special focus will be given to the regulatory and supervisory aspects, as the EU accession aspirations challenge the Western Balkans to reform their insurance market and legal framework. The insurance industry has undergone so far significant transformation processes in terms of liberalization, ownership structure, market structure, product development, regulation and supervision.
Possible solutions for a sustainable insurance market development will be developed to narrow the protection gap. They will result in the need of a multi-stakeholder engagement to create an environment in which insurers can operate effectively and efficiently.
Klime POPOSKI is the President of the Council of Experts, the management body of the Insurance Supervision Agency of Republic of Macedonia, since it was established in 2009. He was re-elected for a second term in 2014 by approval from the Parliament of the Republic of Macedonia. He is a member of the Supervisory Forum - high level body within the International Association of Insurance Supervisors and member of the Board of Governors of the Asia Pacific Risk Insurance Association. Klime has developed also an affluent academia career, currently teaching risk management and insurance courses at the Faculty of Economics, University "Ss. Cyril and Methodius".
Participation to the 15th Talk on Insurance and Regulation is free of charge. Online registration is opened at http://www.icir.de/events/talks-on-insurance-and-regulation-toir/15th-talk-on-insurance-and-regulation/