As companies continue to seek growth opportunities in emerging markets it has become increasingly important to stay abreast of what is happening in these markets. Emerging markets are fluid and are rapidly undergoing change in many areas – regulations, market response, product offerings, etc. Additionally, companies are increasingly considering entering new countries for the first time as opportunities present themselves either as start-up operations, joint ventures or through Mergers and Acquisitions.
This session will focus on two such important emerging markets – India and Latin America. The panel will discuss unique reserving, accounting and cultural issues, the regulatory environment and state of the market, as well as reporting issues including requirements for Statements of Opinion, reserving requirements, solvency and capital requirements and the potential impact of IFRS and Solvency II. Unique foreign exposures and coverages will also be discussed.