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The International CAtastrophic Risks Forum
4th Edition
October 1st-2nd, 2007
Bucharest, Romania
ICAR Forum
Program & Presentations
Photo gallery


Ministerul Internelor si Reformei Adminstrative
The Romanian Ministry of Interior and Administrative Reform


The World Bank


With the Official Support and Participation of
The Romanian Insurance Supervisory Commission


With the Special Support of
The National Association of Insurance and Reinsurance Companies from Romania

The National Union of Insurance Brokerage and Consultancy Societies from Romania


Official Partners
Allianz-Tiriac Asigurari


BCR Asigurari




With the support of


Official Publication

XPRIMM Newsletters

Media Partners

XPRIMM Newsletters

Media Partner
(Russia & CIS)

Parliament Palace, Nicolae Iorga Hall
MONDAY, October 1st

9.30-10.00 Registration & Welcome Coffee

10.00-10.15 - Opening remarks

10.15-11.30 Session I - The Romanian Catastrophe Insurance Program: current status


  • Report on the status of the Insurance Law and implementation of the Insurance Component
  • World Bank's involvement in disaster mitigation schemes & the importance of finalizing the Romanian disaster insurance program.
  • Insurance industry on catastrophe insurance

Invited speakers:

  • Sergiu COSTACHE, Media XPRIMM (download)
  • Mr. Radu Mircea POPESCU, Councillor, The Ministry of Interior and Administrative Reform, Romania
  • Mr. Eugene GURENKO, Lead Insurance and Risk Management Specialist Capital and Risk Markets Operations and Policy Department Financial Sector Vice-Presidency, World Bank, USA (download)
  • Mr. Dan CONSTANTINESCU, Member of the CSA-The Romanian Supervisory Commission Council
  • Mr. Gabriel IONITA, Senior Agriculture and Irrigation Specialist ECSSD, World Bank, Romania
  • Mrs. Florentina ALMAJANU, Director General, UNSAR, Romania
  • Mr. Bogdan ANDRIESCU, President, UNSICAR, Romania


11.30-12.00 Coffee break

12.00-13.00 Session II - Key features of the Romanian Catastrophe Insurance Program


  • Hazard risk mitigation and emergency preparedness project (HRMEP)
    - Component A: Strengthening the Emergency Management and Disaster Financing Capacity
    - Component B: Earthquake Risk Reduction
  • The structure and key business implications of the law
  • Application Norms for the Law regarding the mandatory households insurance

Invited speakers:

  • Mrs. Daniela GHETU, Editorial Director, PRIMM Magazine - Insurance & Pensions, Romania (download)
  • Mr. Aurel BILANICI, PMU Director, Ministry of Interior and Administration Reform, Romania (download)
  • Mr. Daniel POPA, PMU Engineer, MDLPL-The Ministry of Development, Public Works and Housing, Romania (download)
  • Mr. Inderjit CLAIRE, Vicepresident, RMSI, India (download)

13.00-14.00 Business lunch

14.00-15.00 Session III - Operational Issues of the Program


  • Development of the guidelines on Risk Management, Assets Allocation and Operation of Romanian Catastrophe Insurance Scheme (PAID)
  • Catastrophe Scheme Consortium: introduction, role and added value
  • Reinsurers' perspectives on the project. Role of the reinsurance industry in the management of catastrophic risks

Invited speakers:

  • Mr. Guy HUDSON, Executive Director, WILLIS, U.K. (download)
  • Mr. Simon FOREMAN, Director, Central & Eastern Europe AON Ltd., U.K. (download)
  • Mr. John MOORE, Head of the Benfield ReMetrics Team London, U.K.

15.00-15.30 Coffee break

15.30-17.00 Session IV - Disaster risk management in Europe


  • Risk mapping and zoning approaches (floods and earthquake) in Europe. National platforms for disaster reduction of European countries
  • Insurability of natural risks in Austria
  • Risk Management Strategies for Governments of Developing Countries
  • Preventing and mitigating flooding risks; Landslides Risk Mitigation
  • Weather related catastrophes. Warming climate - source of major changes in the risk profile of the European territories

Invited speakers:

  • Mr. Aurel BILANICI, PMU Director, Ministry of Interior and Administration Reform, Romania (download)
  • Mrs. Anita SCHONEGGER, Manager Property, VVO-Austrian Insurers Association, Austria (download)
  • Mr. Victor CARDENAS, Deputy Director of Catastrophe Risks, Ministry of Finance and Public Credit, United Mexican States (download)
  • Mrs. Silke HUEBNER, Instrat Modelling Specialist, GUY CARPENTER, U.K. (download)
  • Mr. Roland NUSSBAUM, Chairman, Natural Hazards Working Group, CEA & Managing Director of Mission Risques Naturels, France (download 1) (download 2)


20.30 Dinner

TUESDAY, October 2nd

9.30-10.00 Registration & Welcome Coffee

10.00-13.00 Session V - Climate Change & its Implications for the European Economy


  • What are weather derivative contracts and how they work - a market overview
  • Hedging the risk of weather volatility through tradable weather risk
    contracts and non-tradable insurance derivatives
  • Weather risk market development
  • Agricultural catastrophic risks management - assessment and financing methods

Invited speakers:

  • Mr. Sergiu COSTACHE, Media XPRIMM (download)
  • Mr. Corneliu PASCU, President, Committee on Agriculture, Food Industry and Forestry, Romania
  • Mrs. Beatrice POPESCU, PMU Director, Ministry of Environment and Sustainable Development, Romania (download)
  • Mr. Inderjit CLAIRE, Vicepresident, RMSI, India (download)
  • Mr. Paul CIOBOTARU, Vice-general Manager, FATA Asigurari
  • Mrs. Maura KLASSEK, Consultant, Romania
  • Mr. Eugene GURENKO, Lead Insurance and Risk Management Specialist Capital and Risk Markets Operations and Policy Department Financial Sector Vice-Presidency, World Bank, USA (download)

13.00-13.30 Official Conclusions

13.30-16.00 Business Lunch & Networking

 Note: the Organizers can operate any changes necessary to improve this program without prior notice.

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