Upload
others
View
8
Download
0
Embed Size (px)
Citation preview
12/14/2017
1
ICMIFRegional Association of
the Americas Annual
Members’ Meeting November 29, 2017Montevideo, Uruguay
Annual Meeting of Members Rules
• Chapter III: Holding of Annual Meeting, Discussion and Agreements
• Article 7. Holding of Annual Meeting
• Article 8. Conduct and rules of discussion
12/14/2017
2
Annual Meeting of Members Rules
• Article 9. Discussion of issues.
• Article 10. Board of Directors Agreements.
• Article 11. Discussion of issues already voted on.
Voting Process • Member Official Voting Delegate only• Please use the colored cards:
GREEN = Yes, in agreement
RED = No, in disagreement
YELLOW = Abstention
12/14/2017
4
Chair’s Report
Georgina Díaz SánchezChair, ICMIF/Americas
General ManagerSociedad de Seguros de Vida
del Magisterio NacionalSan José, Costa Rica
ICMIF/Americas Board of Trustees
• Georgina DíazCosta Rica
• Paul HannaCanada
• Rosana IbarrartArgentina
• Rockne CorbinUSA
• Christopher Kopka USA
• Carlos VillaColombia
• Helton FreitasBrazil
• Daysi RosalesEl Salvador
• Roberto Castro Puerto Rico
• Boris QuiroaGuatemala
• Carlos Benítez Paraguay
12/14/2017
5
Board Meetings
1. Buenos Aires, ArgentinaMarch 7-8, 2017
2. San Juan, Puerto Rico August 22-23, 2017
3. Montevideo, UruguayNovember 29, 2017
Secretary’s Report
presented by
Rosana IbarrartGeneral ManagerSeguros Rivadavia
Argentinta
12/14/2017
6
Meeting Minutes Approval
• ICMIF/Americas Annual Member’s Meeting Minutes
Lima, PeruDecember 1, 2016
Executive Director’s Report2016 Review
Edward Potter, CAEExecutive DirectorICMIF/Americas
12/14/2017
7
GOAL: Networking 2016
• 24th Annual Conference, Lima, Peru• The Transformation of the Insurance Industry:
Leveraging Change & Creating Opportunities
• LARG Conference, San Salvador, El Salvador• Innovating to Strengthen our Competitiveness
• VI Financial and Insurance Meeting• Cooperatives of the Americas Conference,
Montevideo, Uruguay
GOAL: Influence 2016
• Latin American Association ofInsurance Supervisors(ASSAL) ConferenceRio de Janeiro, BrazilApril 18-20, 2016
• Regulatory Leaders Issues ForumLatin American RegionRio de Janeiro, BrazilApril 20, 201635 participants
12/14/2017
8
GOAL: Development 2016
The 5-5-5 Plan for Emerging MarketsICMIF Foundation
During the next five 5 years
Develop inclusive insurance in 5 emergingmarkets
To reach 5 million low income households(25 millón people)
Países seleccionadosLos cinco mercados emergentes seleccionados para el desarrollo del seguro mutual inclusivo para los próximos cinco años son:
Five Initial Countries for 5-5-5 Plan
12/14/2017
9
Treasurer’s Report
Rockne Corbin
Senior Vice President Shelter Mutual Insurance Company
USA
Statement of Financial PositionJanuary 1 – December 31, 2016
Statement of Financial PositionJanuary 1 – December 31, 2016
ASSETS: Cash = USD 4,074
Investments = USD 117,224
Accounts receivable = USD 13,523
Prepaid Expenses = USD 38,100
Property/Equipment = USD 1,590
Total Assets = USD 174,511
12/14/2017
10
Statement of Financial PositionJanuary 1 – December 31, 2016
LIABILITIES & NET ASSETS
Total Liabilities = USD 38,675Accounts payable 1,462 Deferred revenue 37,213
Net Assets = USD 135,836
Fund Balance = USD 174,511
Statement of ActivitiesJanuary 1 – December 31, 2016
REVENUE & SUPPORT
Member Dues = USD 216,399 Conference = USD 109,825 Contributions = USD 50,000 Investment Income = USD 1,059
Total Revenues = USD 377,283
12/14/2017
11
Statement of ActivitiesJanuary 1 – December 31, 2016
EXPENSES
Program servicesconference & meetings& member services = USD 242,266
General/Management = USD 154,935
Total Expenses = USD 397,201
Change in net assets = USD (19,918)
Net Assets = USD 135,836
Actions of Officers & Directors
• Ratification of Actions of Officers and Directors
12/14/2017
12
2. Board of Trustee Elections
Nomination Process
presented by
Paul HannaVice Chair, ICMIF/Americas
Chair, Nomination CommitteeExecutive Vice President Member Relations and
Corporate ServicesThe Co-operators Group
12/14/2017
13
Candidates
• Rosana Ibarrart, General ManagerSeguros Rivadavia, Argentina
• Rockne Corbin, Senior Vice President, Shelter Mutual Insurance, USA
• Mariela Silva, General Manager,Equidad Compañía de Seguros, S.A.Honduras
Board Officers2017 - 2018
announcement at theconference conclusion
• Chair• Vice Chair• Treasurer• Secretary
12/14/2017
14
3. Other Business
Executive Director´s Reportfor the current year
Edward Potter, CAE
Executive DirectorICMIF/Americas
12/14/2017
15
ICMIF/Americas Member Survey
Aspect North America Latin America/Caribbean
Number 22 (33% of total members)Pay 75% of all member fees
44 (66% of total members)Pay 25% of all member fees
Size(by premium income)
Large = 27%Medium = 27%Medium-Small = 23%Small = 0%Associate = 0%Observer = 23%
Large = 0%Medium = 11%Medium-Small = 16%Small = 57%Associate = 11%Observer = 5%
Evolution Average age: 81.3 years Average age: 38.7 years
CONTEXT: Understanding differences/ similarities between North American vs.LatinAmerican/Caribbean members
12/14/2017
16
CONTEXT: Understanding differences/ similarities between North American vs. Latin
American/Caribbean membersAspect North America Latin America
/CaribbeanMarket Mature Emerging/developingMarket prospects
Short term: growthLong term: shrink
Short term: growthLong term: more growth
Business Lines
Similar: Motor (32%), Life (69%)Different: Workers Comp. (44%), Health (23%), + others
Similar: Motor (41%), Life (52%)Different: Reinsurance (32%), Property (20%), + others
Model Cooperative = 69%, Mutual /Fraternal = 25%, others =6%
Cooperative = 14%, Mutual / Fraternal =64%, other= 22%
Survey: Top 4 scores in terms of value of member services, programs and information
Latin America and Carribean North America
1. Regional Conference = 4.47 1. Global conference = 4.05
2. Regulatory & legal enabling environment = 4.43
2. Market research = 3.75
3. Global influence on national regulation = 4.38
3. Regulatory & legal enabling environment = 3.58
4. Development/microinsurance = 4.25
4. Training = 3.50
5 = Extreme value, 4 = Much value, 3 = Average value, 2 = Limited value, 1 = No value
12/14/2017
17
Survey: Top 3 scores for prioritiesfor delivery of key benefits
Latin America and Carribean North America
Regional Delivery Priorities
1. Networking = 4.50 3. Knowledge = 3.422. Development= 4.252. Influence= 4.253. Knowledge =4.00
Global Delivery Priorities
3. Development = 4.00 1. Knowledge = 4.002. Networking = 3.673. Influence = 3.42
5= Essential, 4 = High priority, 3= Medium priority, 2 = Low priority, 1= Not a priority
Summary: Top 4 scores for agreement on regional proposals focus for programs, services
and informationLatin America and Carribean North America
1. Regional member relationship building = 4.81
1. Regional opportunities to learn, strengthen and put co-op/mutual values into practice = 4.08
2. Regional member to member business opportunities = 4.67
2. Regional member relationship building = 4.00
3. Regional learning/knowledge and experience sharing: = 4.60
3. Regional learning/knowledge and experience sharing: = 3.92
3. Regional opportunities to learn, strengthen and put co-op/mutual values into practice = 4.60
4. Regional member to member business opportunities = 3.83
5 = Strongly agree, 4 = Agree, 3= Neither agree nor disagree, 2= Disagree, 1 = Strongly disagree
12/14/2017
18
Common Areas of Perceived Value
• Member relationship building
• Put mutual values into action
• Share regional knowledge and experience
• Member to member business
• Promoting an enabling legal and regulatory environment
Latin American and the
Caribbeanmembers
North Americanmembers
Value PropositionA value proposition is a promise of value to be delivered.
Motivation = perceived benefits – perceived costs
Increase the competitive advantage of ICMIF member Cooperative and Mutual Insurers in the Americas Region by
• catalyzing peer-to-peer and business-to-business relationships• learning and sharing unique knowledge and experience
• strengthening and putting into practice members’ distinctive mutual values
• promoting an enabling legal and regulatory environment
36
12/14/2017
20
Latin American Association of Insurance Supervisors(ASSAL)
Santiago, Chile17-20 April, 2017
Pension Systems: Challenges and Perspectives. The Role of Fund Administrators and Insurers
Regulatory Leaders Issues Forum April 17, 2017 Santiago, Chile
4
12/14/2017
21
Brazilian Congressional DelegationICMIF Biennial Conference, London
ICMIF/Americas Annual Conference, Montevideo
12/14/2017
22
GOAL: Unique Networking
Silver Anniversaries25th ICMIF/Americas Annual Conference
From Risk to Opportunity29 November– 1 December 2017
Sheraton MontevideoMontevideo, Uruguay
4
Anfitrión
www.icmif.org/es/icmifamericas2017
12/14/2017
23
25th ICMIF/Americas Annual Conference
• 138 participants• 17 countries• 12 presentations• 23 speakers• $10,000
sponsorships
Latin American Association for Reinsurance Education (LARG)
• August 23-25, 2017• San Juan, Puerto Rico• Host:
Cooperativa de SegurosMúltiples
• Strengthening our Business through Integration
• 100+ participants
12/14/2017
25
GOAL: Networking
ICMIF Biennial Conference17–20 October 2017
London, England, UK Hilton London Bankside Hotel
12/14/2017
31
I. Meso Strategic Line
Design all risk products specifically targeted to the solidary sector channel
with the goal of creating loyalty. Insurance that protects the entity in case
of natural catastrophes: portfolio protection, tools to facilitate refinancing of debt in case of natural catastrophes
and protect Mutualist Funds which provide for the availability of support
services.
I. Meso Strategic Line
Design all risk products specifically targeted to the solidary sector channel
with the goal of creating loyalty. Insurance that protects the entity in case
of natural catastrophes: portfolio protection, tools to facilitate refinancing of debt in case of natural catastrophes
and protect Mutualist Funds which provide for the availability of support
services.
Cooperatives that offer financial services: 1.477 credit unions and financial cooperatives which serve 41.6% of cooperative sector members, or 2.422.512 members
Cooperatives that offer financial services: 1.477 credit unions and financial cooperatives which serve 41.6% of cooperative sector members, or 2.422.512 members
Cooperatives that offer social benefit and support services: COOMEVA (230,832 members) and Red Olivos (1,300,000 persons covered)
Cooperatives that offer social benefit and support services: COOMEVA (230,832 members) and Red Olivos (1,300,000 persons covered)
Mutual Associations and Employee Funds that offer microcredit Mutual Associations and Employee Funds that offer microcredit
II. Micro Strategic Line
Offering relevant multi-risk products which are packaged for each segment with sustainable value added services from the solidarity sector. Leveraging solidarity funds from solidarity sector organizations to finance its members’
premiums.
II. Micro Strategic Line
Offering relevant multi-risk products which are packaged for each segment with sustainable value added services from the solidarity sector. Leveraging solidarity funds from solidarity sector organizations to finance its members’
premiums.
Micro & Small Enterprises (MSEs): 2,508,108 (99.6% of MSEs are SMEs) Of these around 1,560,000 are legal persons and 970.000 societies or 4,700,000
microbusinesses
Micro & Small Enterprises (MSEs): 2,508,108 (99.6% of MSEs are SMEs) Of these around 1,560,000 are legal persons and 970.000 societies or 4,700,000
microbusinesses
Solidarity Sector MSEs: 95.1% of cooperatives, in other words a total of 3,887 cooperatives. Including purchasing, agricultural, transportation, and service cooperatives which make up 14.6%
of cooperative sector members, or 850,208 members.
Solidarity Sector MSEs: 95.1% of cooperatives, in other words a total of 3,887 cooperatives. Including purchasing, agricultural, transportation, and service cooperatives which make up 14.6%
of cooperative sector members, or 850,208 members.
IndividualsIndividuals
Clients and members of credit unions and financial cooperatives through loans with credit life and voluntary multi-risk insurance: 2.422.512 members
Clients and members of credit unions and financial cooperatives through loans with credit life and voluntary multi-risk insurance: 2.422.512 members
Members of other solidarity sector organizations through voluntary insurance Members of other solidarity sector organizations through voluntary insurance
Solidary sector organization employees (240,304 jobs in the cooperative sector in 2014)Solidary sector organization employees (240,304 jobs in the cooperative sector in 2014)
Beneficiaries of social benefits and support provided by the solidarity sectorBeneficiaries of social benefits and support provided by the solidarity sector
Displaced by violence
Displaced by violence
Beneficiaries of gov’t
programs
Beneficiaries of gov’t
programs
Small producers
Small producers
Small producers associated with agricultural producer cooperatives (116,466) and mutual associations
Small producers associated with agricultural producer cooperatives (116,466) and mutual associations
Small producers with credit for productive activity with credit unions and financial co-ops Small producers with credit for productive activity with credit unions and financial co-ops
New small producers associated with producer cooperatives from the Peace Accords (estimated 8.000 ex combatants plus a % of displaced persons returning to their lands)
New small producers associated with producer cooperatives from the Peace Accords (estimated 8.000 ex combatants plus a % of displaced persons returning to their lands)
Employees of big producer cooperatives (tobacco, sugar, dairy, etc.)Employees of big producer cooperatives (tobacco, sugar, dairy, etc.)
Small producer beneficiaries of technical assistance programs associated with cooperativesSmall producer beneficiaries of technical assistance programs associated with cooperatives
Strategy Development Stage
12/14/2017
32
In Recognition
In RecognitionAndrés Elola
General Manager, SURCOFormer Secretary, Board Member, ICMIF/Americas
14 years of service to ICMIF/Americas 2002 - 2016
12/14/2017
33
In RecognitionBoris Quiroa
General Manager, Columna
8 years of service to ICMIF/Américas 2009 - 2017
In RecognitionCarlos Benítez
Former Chairman, Tajy
3 años de servicio a ICMIF/Américas 2014 - 2017
12/14/2017
34
If I had my way, I would write the word “insure” upon the door of every cottage, and upon the blotting book of every public man, because I am convinced, for sacrifices so small, families and estates can be protected against catastrophes which would otherwise smash them up forever.
Winston ChurchillManchester, May 23, 1909
6