PROGRES
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PROGRES (Programme of Research on the Service Economy) is a research programme set up by the Geneva Association, also known as the International Association for the Study of Insurance Economics. It focuses on questions related to regulation, supervision and international co-operation of insurance and financial services as well as other legal issues of importance. The research programme manages The Geneva Association's co-operation with the supervisory authorities around the world and in particular with the International Association of Insurance Supervisors. The objectives of PROGRES are:
- to identify and analyse the current and future developments of the service economy;
- to gain a better understanding of the role of services and especially financial services as an important contributing factor to the efficient organisation of the modern economy; and
- to investigate the consequences of changes in services for insurance and the impact of developments in insurance on the service economy
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PROGRES organises annual international seminars with a special focus on global financial services. These seminars have operated successfully since 1983 to provide an annual forum and focal point for up to 60 specialist inter-disciplinary participants - private-sector practitioners and experts from representative organisations, academics, officials from governments and intergovernmental organisations - to discuss and debate in an informal way issues raised by the moves at the GATT/GATS to liberalise international trade in services. More recently, PROGRES has worked to raise awareness of the extent and success of co-operation between financial services regulators at the global level.[1]