Wednesday April 10, 2013
Thank you to our 2012 Sponsors
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Breakout Sessions
Obesity and Older Ages - Rethinking our Insurance/Reinsurance Portfolios
Overview
We will live longer and apparently "larger", too - or will we?
Please join two of our industry experts for an interactive session on these two topics that never fade but constantly change.
Moderator
Dianne Pearce
Director, Underwriting
RGA Canada - Toronto
Speakers
Barry Dixon
AVP and Chief Underwriter, Underwriting
Manulife Reinsurance
Marc Andre Belzil
AVP, Research and Development
RGA Canada-Montreal
The changing demographics of Canada and the associated challenges and opportunities for underwriting
Overview
New Canadian residents represent a significant segment of the insurance purchasing population today. Similarly to the rest of the insurance purchasing population, these clients have various needs for insurance, policies are purchased for different reasons and they present some common and unique challenges to underwriting and claims. Language issues, sales methods, information on medical profiles, financial justification and just what is non-disclosure? There is much to discuss, join our panellists for a lively and interactive 45 minutes as we share challenges, examples and ideas.
Moderator
Maureen Davis
Director, Underwriting
Munich Re
Speakers
Karen Orozco
VP & Chief Underwriter Individual Insurance
Manulife Financial
Mike McArdle
Underwriting Director Individual Underwriting & Issue
Sun Life Assurance Company of Canada
The Wealth/Health Relationship
Overview
This session will explore the relationship between global economic and demographic trends and the related impact on health outcomes. Historically there has been a strong correlation between the wealth and health of nations, as is evidenced by the convergence of life spans in mature and emerging economies. But how will the macro demographic trends in the developed world, such as ageing populations, advances in medical and genetic technologies, increased strain on healthcare systems, and increasing rates of obesity, affect this relationship into the future?
Moderator
Bob Brown
Chief Pricing Officer
Aurigen Reinsurance Company
Longevity Risk Transfer
Overview
The session will overview the growing market for de risking of pension funds and annuity concentrations for Insurance companies. The panel will explore this emerging risk market with participants from Canada the US and the UK, giving a truly global perspective on the extent, challenges and opportunity in this growing field.
Moderator
Wayne Daniel
Managing Director
Credit Suisse, London
Speakers
Roland Johnson
VP Longevity Benefits
RGA
Gavin Jones
Senior Longevity Actuary
Swiss Re
Gordon Fletcher
Risk Advisor
Mercer
Convergence in Financial Reporting
Overview
This year's adoption of International Financial Reporting Standards (IFRS) marks a key step towards the global convergence in financial reporting for federally regulated financial institutions in Canada. But this is only the beginning. In a strive towards consistent and comparable financial information, the proposed changes for the measurement of insurance and reinsurance contracts, invested assets and other topics currently under development by the International Accounting Standards Board promise to substantially increase the pace of change in financial reporting for years to come. In this session, you will hear from some of Canada's leading experts on how the potential future changes to IFRS could have a significant impact on your reported financial results, regulatory capital and possibly even your business model.
Moderator
Tim Deacon
Chief Accountant
Manulife Financial Corporation
Speakers
Mark Causevic
Director, Accounting Policy Division
Office of the Superintendent of Financial Institutions
Tom MacKinnon
Analyst
BMO Capital Markets
Neil Parkinson
Partner, National Insurance Sector Leader
KPMG LLP
Jonathan Turner
Senior Vice President & Chief Financial Officer
Swiss Reinsurance Company Ltd
Regulatory Convergence - Global Themes and Canadian Implications
Overview
The session will review a number of global regulatory convergence themes such as:
- Global Supervision
- Solvency Standards
- Own Risk Self Assessment
- Economic Balance Sheet and
- Eligible Capital.
Every regulatory regime has a position on convergence; however, no two regimes are alike. Come to hear views on regulatory change - Canada, US, Solvency II - and how OSFI sees Canadian regulation shifting.
Moderator
Caspar Young
Managing Director
Aurigen Reinsurance Limited
Speakers
Michael Bean
Director
OSFI-BSIF
Dan Doyle
Consultant - Actuarial Practice - Life
PWC
Steven Easson
Vice President and Chief Actuary
Canada Life and Health Insurance Association Inc
What's next for products?
Note - this is a unique round table discussion being offered to a limited group of 20 participants only 1 time during the day. Register early to get your spot!
Overview
Demographic trends, a challenging economic environment and emerging financial reporting standards are three major issues that will play a role in shaping the next generation of financial products. This is your opportunity to participate in a roundtable discussion regarding the major trends and forces that will shape product design. The session will be led by Brent Lemanski and Brian Louth. Together they will bring their collective perspective and years of experience in the financial services industry to the discussion. Don't miss this unique opportunity to ask questions, share your views and advance your thinking on how emerging issues will shape the products and reinsurance solutions of the future.
Moderator
Brian Louth
SVP Development and Chief Marketing Officer
RGA Life Reinsurance Company of Canada
Brent Lemanski
LIMRA and LOMA Canada
Data Privacy: A modern day Mission Impossible?
Overview
Data Privacy: A modern day Mission Impossible? This message will self destruct in 5 seconds...as soon as I've tweeted on it, updated my Facebook page and added to my Blog!!
Data Privacy in the information rich world in which we live is a topic affecting all industries, including Reinsurance. This session takes a look at data privacy from the legal, operational and regulatory perspectives in Canada, the USA and EU and identifies where convergence is occurring.
The aim of the session is to provide a high-level overview of the key issues surrounding data privacy and then look to provide examples of what happens what data privacy is breached and provide guidelines to avoid the problems occurring within your organization.
Finally, each attendee will leave the session having a better understanding of the issues and a 'Top ten; what you need to know about data privacy'
Moderator
Simon Bell
Chief Operating Officer
LOGiQ3 Corp.
Speakers
Jeffrey Taft
Partner
Mayer Brown
Pauline Wilson
Head of Customer Services
Hannover Life Reassurance (UK) Limited
Thomas Dunbar
Chief Information Risk Officer
XL Global Services
LTC: The Good, the Bad and the Ugly
Overview
Long Term Care insurance has been receiving a lot of press in the US recently and several companies are in the process of increasing rates and making product changes. Hear directly from a US insurer about the ways companies are addressing the risks associated with pricing and product features to ensure the product can be viable in the long run. We will contrast the US market with the relatively new Canadian market and other international markets.
Moderator
Helene Michaud
AVP, Marketing
Munich Re
Speakers
Heather L Majewski, FSA
AVP & LTC Product Manager
John Hancock Long-Term Care Insurance
Kris Boundy, FSA
Actuary, Living Benefits
Munich Re
Sharing risk in the capital markets
Overview
This session explores the use of capital markets to share risk. The panel will cover various aspects of insurance-linked securities and offer perspectives from key stakeholders, including the sponsor, arranger and an investor.
Moderator
Alison McKie
Group Management Board, Life and Health
Swiss Re
Speakers
Goldman Sachs
Ontario Teachers Pension Plan
What does Outsourcing really mean?
Overview
What does outsourcing really mean to the insurance and reinsurance market? This session will begin by reviewing how outsourcing has evolved over time, why, and what some of the trends are looking forward. This session will also provide real life examples of outsourcing in the insurance and reinsurance space and discuss drivers to those decisions as well as a discussion on successes and lessons learned.
If your company is actively outsourcing, planning to do so in the future, or you just want to better understand how Outsourcing is evolving then this session is for you.
Moderator
Brian Wilkinson
Vice President, Business Process Outsourcing
LOGiQ3 Corp
Speaker
John Chang
Senior Vice President, National Leader Global Sourcing Advisory
PWC
Jennifer Toal
Executive Vice President,
General Manager - Canada
DRIAS International Ltd.
Best practices for managing compliance obligations under new OSFI Guideline B-3
Overview
A panel of legal and compliance experts representing the insurance, reinsurance and legal community will lead an interactive session to provide a better understanding of the impact of the new OSFI guideline and will focus on strategies for managing compliance with the new principles of the Guideline. Panel members will provide practical tips and insight into how market leaders in the life and health industry intend to ensure their B3 programs are in compliance.
Moderator
Saroj Vasant
Senior Vice President, Compliance
Swiss Reinsurance Company Ltd
Speakers
Chris McLaren
RBC
Paul Belanger
Blakes
Connie Dewar
OSFI
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