The Slovenia Insurance Supervision Agency hosted a two-day Central, Eastern and Transcaucasian (CEET) regional seminar in Ljubljana with the International Association of Insurance Supervisors, bringing together more than 40 representatives from supervisory authorities in 14 countries under the theme “Bridging the Gap: Resilience, Risk and Inclusion in Regional Insurance Markets”. The programme focused on key trends, risks and opportunities for regional insurance markets. Sessions covered consumer protection and Product Oversight and Governance (POG), highlighting recurring weaknesses such as overly broad target markets and product documentation and reviews without clear criteria and objectives. Discussions also addressed the transition from Solvency I to Solvency II, with emphasis on gradual implementation, proportionality and early capability-building, and flagged ORSA as a tool for strengthening risk ownership and long-term resilience. Other topics included the prudential treatment of crypto assets as high-risk and speculative, market conduct risks linked to culture, sales models and commissions, the role of intermediaries and incorporating sustainability requirements under the Insurance Distribution Directive, agricultural insurance gaps and potential use of parametric products and public-private partnerships, supervisory approaches to artificial intelligence and third-party model governance, cyber resilience including an ethical hacking demonstration, and natural catastrophe insurance, noting that only around 25% of European losses since 1980 have been insured.

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