MONDAY, MAY 6, 2019
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1:00 pm - 5:00 pm
Registration
3:00 pm - 4:00 pm
GENERAL SESSION
Finance in the Digital World: Trends and Best Practices
4:00 pm - 4:15 pm
NETWORKING REFRESHMENT BREAK
Sponsored by State Street4:15 pm - 5:15 pm
GENERAL SESSION
The Future of the Insurance Industry: A 2025 Technology Outlook
TODD PICKEN, Corporate Vice President and Treasurer, MassMutual; TOM SCALES, Head of Americas - Life, Annuity, and Health, Celent; Moderator: SERGE BOCCASINI, Global
Product and Market Development, Northern Trust
The insurance industry is undergoing rapid change through innovation and advancements in technology. Investments in Insurtech and Fintech is on the rise. Emerging technologies like artificial intelligence, big data, blockchain and robotics have rocked our industry, and created more opportunities for organizations and their clients. Effectively managing the execution and integration of these technologies is paramount to stay competitive with peers and recruit and retain the workforce needed to manage this evolution. Join this panel of industry experts as they discuss what is on the horizon in this disruptive environment and how you can navigate the future.
5:30 pm - 7:00 pm
OPENING RECEPTION
Sponsored by Citi
This event is open to all registered conference attendees and registered conference guests at no additional cost.TUESDAY, MAY 7, 2019
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7:00 am - 8:00 am
CONTINENTAL BREAKFAST
8:00 am - 9:45 am
WELCOME AND KEYNOTE
The “Virtualization” of America – and the World
Michael Rogers, MSNBC’s ‘The Practical Futurist’ and Technology Expert
Michael is a best-selling author, technology pioneer, and futurist, who most recently served as futurist-in-residence for The New York Times. He has worked with companies ranging from FedEx, Boeing, and NBC Universal to Microsoft, Pfizer, and Siemens, focusing on how companies can think about the future in useful ways.
This eye-opening keynote will focus on how virtual relationships, intelligent computers, and the Internet of Things will advance the financial services industry, the global economy, and the way we conduct business. If you think that’s already happened...just listen to what Michael predicts is next.
9:45 am - 10:00 am
NETWORKING REFRESHMENT BREAK
Sponsored by Castle Peak Associates10:00 am - 11:00 am
GENERAL SESSION
State of the Industry: Staying Competitive in a Changing Environment
ALISON SALKA, Ph.D., Senior Vice President and Director of Research, LIMRA
Declining policy ownership combined with
margin pressure and increasing customer expectations have created the need for
new thinking and solutions. This presentation will discuss key trends insurers will need to address in
the coming years. These include technology, talent, consumers, and regulation.
Insurers who understand and can take advantage
of these opportunities will
improve both their competitive position and bottom line.
11:00 am - 11:15 am
NETWORKING REFRESHMENT BREAK
Sponsored by Castle Peak Associates11:15 am - 12:15 pm
GENERAL SESSION
Economic/Market Outlook
Attend
this session to hear insights on the economic environment and financial markets
to help guide you through the changes that we continue to see in our industry.
12:15 pm - 1:00 pm
LUNCH BUFFET
Sponsored by KeyBanc Capital Markets-
1:00 pm - 2:00 pm
CONCURRENT SESSIONS
1.1 Payments: Trends and Best Practices
1.2 Hot Topics in Investments
This interactive session will offer a peer-to-peer open discussion forum enabling participants to freely discuss issues at the top of their agendas. The discussion will cover challenges and solutions with Investment leaders from the industry.
1.3 Insurance Accounting Update
Hear an update on current accounting topics for the insurance industry and understand potential implications for your company.
2:00 pm - 2:15 pm
NETWORKING REFRESHMENT BREAK
Sponsored by MUFG -
2:15 pm - 3:15 pm
CONCURRENT SESSIONS
2.1 Next Generation of Treasury Technology
2.2 Untapped Investment Data Insights for Insurers in a World of Data Overload
Are you struggling with gathering, consolidating and maintaining an accurate, comprehensive data set?
From new regulatory compliance and financial reporting pressures to increased investments in more complex instruments for better yield, managing data volumes is creating challenges for insurers.
Gathering disparate data from numerous sources then normalizing, enriching and aggregating it into a cohesive data set is one of the most common challenges insurers face today. Further complicating matters is the need to make data readily available in a variety of formats. It’s a challenging proposition for most institutions and one that impacts investment performance and exposes insurance companies (and managers) to operational risk, compliance issues and additional regulatory requirements. Attend this session to get a better understanding of how to address these data challenges.
2.3 Hot Topics in Finance
This interactive session will offer a peer-to-peer open discussion forum enabling participants to freely discuss issues at the top of their agendas. The discussion will cover challenges and solutions with Finance leaders from the industry.
3:15 pm - 3:30 pm
NETWORKING REFRESHMENT BREAK
Sponsored by MUFG-
3:30 pm - 4:30 pm
3.1 Hot Topics in Treasury
KATHY HOFFMAN, Vice President and Assistant Treasurer, Prudential Financial; Additional speaker TBD.
This interactive session will offer a peer-to-peer open discussion forum enabling participants to freely discuss issues at the top of their agendas. The discussion will cover challenges and solutions with Treasury leaders from the industry.
3.2 Investment Accounting Update
Hear an update on current investment accounting topics for the insurance industry and understand potential implications for your company. The session will include the GAAP Credit Loss Standard, commonly referred to as CECL, and seen as one of the most significant changes facing companies today.
3.3 Unit Cost: The Secret to Delivering Competitive Financial Service
DONALD E. McNEES, Partner, Head of Life, Annuity, Health and Retirement Benchmarking & Advisory, Aon/Ward Group
What distinguishes companies that achieve lower expense ratios and growth versus peers? Lower unit cost can result from scale, focus, simplified product lines, technology leverage, selective outsourcing, below average personnel expense, corporate culture and inattention to a host of other factors. Variablizing cost can increase flexibility. Don’t let weak operations or fat infrastructure derail your success. Hear how other insurers are tackling the challenges using unit cost analytics as the window on alternatives and opportunity. What’s having an impact today? Come hear the practical side of making the future pay off. Hear personal experience and observations from the front lines of execution experience. Struggling with practical actions in the face of margin compression? Don’t miss this important perspective on key analytic tools, metrics and how to make yours count.
7:00 pm - 9:00 pm
NETWORKING DINNER
Sponsored by BNY Mellon and Northern Trust
This event is open to all registered conference attendees and registered conference guests at no additional cost.WEDNESDAY, MAY 8, 2019
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7:00 am - 8:00 am
CONTINENTAL BREAKFAST
8:00 am - 9:00 am
GENERAL SESSION
Cybersecurity Update
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9:00 am - 9:15 am
REFRESHMENT BREAK
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9:15 am - 10:15 am
CONCURRENT SESSIONS
4.1 Segregated Initial Margin - Are You Ready?
ROB EVANS, Derivatives Collateral Management, JP Morgan; Additional Speaker TBD; Moderator: MIKE CHUN, Managing Director, Head of Investor Services Sales, JP Morgan
This
panel discussion will address the industry readiness for buyside segregated
initial margin. We will start by providing a brief overview of the
regulatory requirements, in-scope instruments, and eligibility of securities
and cash collateral. We will discuss the experience and lessons learned
from clients and dealers who have already gone live in Phases 1-3, and how
Insurance Companies that are part of Phase 5 are preparing for go-live in Sep
2020 -- alternative solutions and key sensitivities to consider with regard to
organizational complexity, collateral types, frequency of movements, automated
instruction initiation, and collateral balances.
4.2 New Tools & Technology for FP&A
Attend
this session to hear about the tools and technology that FP&A leaders are
leveraging to plan for and analyze their business, and effectively “tell the
story”.
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10:15 am - 10:30 am
REFRESHMENT BREAK
10:30 am - 11:30 am
GENERAL SESSION
Developing a Future-Ready Workforce in the Digital World
KYLEE LACSON, MBA, FLMI, ASRI, ACS, Assistant Vice President and Practice Lead - Life, The Jacobson Group; DARRIN S. STEINHAGEN, Director, Product and Business Experience Finance, CUNA Mutual Group
Technology
is drastically impacting the insurance industry. AI and automation are causing
rapid changes, and forward-thinking employers must calculate not only the cost
of modernization, but the human cost of these changes. Engaging employees
during this transformational period is vital to maintaining a strong business.
In
order to successfully adapt to the evolving workplace, insurers must develop
best practices to navigate the changing industry and assist their employees
throughout the modernization process. This session will focus on the rise of AI
and modernization in the workplace, explore the effect of disrupters on talent
and human capital, and detail best practices for companies to learn how other
organizations are reacting to these industry changes.
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11:30 am
CONFERENCE ADJOURNED