9:20 a.m. 10:20 a.m. Keynote speaker: Roger W. Crandall, Chairman, President & CEO, Massachusetts Mutual Life Insurance Company

Transcription

1 Thursday September 15 8:00 a.m. 8:30 a.m. Registration/continental breakfast 8:30 a.m. 9:20 a.m. Opening remarks and overview of the industry Provides an overview of the current state of the insurance industry and considerations for the future. Laura J. Hay, KPMG National Sector Leader, Insurance 9:20 a.m. 10:20 a.m. Keynote speaker: Roger W. Crandall, Chairman, President & CEO, Massachusetts Mutual Life Insurance Company 10:20 a.m. 10:35 a.m. Break 10:35 a.m. 11:25 a.m. Economic outlook overview Provides the latest data on the U.S. economy and an analysis of major trends to watch in Constance Hunter, KPMG Chief Economist 11:25 a.m. 12:15 p.m. Hot trends in insurance This session will focus on four practical steps insurance leaders can take to thrive as the insurance industry evolves. Matt McCorry, Advisory Insurance Leader, KPMG Sophia Yen, Head of U.S. Insurance Strategy & Operations, KPMG 12:15 p.m. 1:15 p.m. Lunch 1:15 p.m. 2:15 p.m. Concurrent session I General accounting overview This session will offer the standardssetting developments on the FASB projects including revenue recognition and financial instruments impairment. David Augustyn, KPMG Partner, Advisory Paul Munter, KPMG Partner, Audit Clyde Pehl. KPMG Partner, Audit Insurance GAAP overview This session offers the standards-setting developments on the FASB insurance contracts project, short duration and long duration, and revenue recognition. Jennifer Austin, KPMG Partner, Audit Alan Goad, KPMG Partner, Audit

2 Thursday September 15 Tax technology and innovation Technology and innovation can be the difference between a tax department that is on the defensive, a department that is simply keeping pace, and one that is proactively building a proud tax narrative inside and outside of the organization. A host of tax technologies has been developed to help tax leaders and their departments tackle regulatory and tax change, facilitate streamlined processes, turn data into value, and enable effective collaboration across the tax department and beyond. John Cassil, KPMG Partner, Tax Troy McGill, KPMG Managing Director, Tax Customer and distribution The consumer landscape is rapidly evolving as demographics have shifted, expectations are changing and the competitive landscape is in flux. Enabled by new technologies, distribution is evolving toward direct, digital channels, with the traditional role of the Agent evolving. This session will delve into key customer and distribution trends and their Impacts, the consumer and producer life-cycle management. Michael Herman, KPMG Principal, Advisory 2:15 p.m. 2:20 pm Transition to breakout rooms 2:20 p.m. 3:20 p.m. Concurrent session II General accounting overview This session will offer the standardssetting developments on the FASB projects including revenue recognition and financial instruments impairment. David Augustyn, KPMG Partner, Advisory Paul Munter, KPMG Partner, Audit Clyde Pehl, KPMG Partner, Audit Insurance GAAP overview This session offers the standards-setting developments on the FASB insurance contracts project, short duration and long duration, and revenue recognition. Jennifer Austin, KPMG Partner, Audit Alan Goad, KPMG Partner, Audit M&A insurance trends M&A continues to play a critical role in enabling insurers to pursue their strategic ambitions. This session will focus on a number of areas, including global Insurance, recent activity and trends, key considerations in deal evaluations and the industry outlook. Ram Menon, KPMG Partner, Advisory Digital, data and analytics Many insurance functions will become increasingly digitized within the next five years and firms must turn data into insights. This session will focus on what digital, data and analytics are to insurance; the truth about where insurance companies are; and changing the world in which they operate by taking a holistic approach to business problems driving analytics. Alan Narkiewicz, KPMG Partner, Advisory 3:20 p.m. 3:40 p.m. Break 3:40 p.m. 4:40 p.m. Keynote speaker: Mike Walsh, Chief Executive Officer Tomorrow

3 Thursday September 15 4:40 p.m. 5:40 p.m. Disruption in insurance: The autonomous vehicle Fully autonomous vehicles are already disrupting the insurance sector. KPMG anticipates a chaotic middle over the next years, during which business models and the competitive landscape are transformed by new entrants and different business models. This panel discussion will provide an update on the autonomous vehicles space, insights into potential insurance market entrants and strategic considerations for carriers as they address this industry change which impacts more than $230 billion of premium. Jerome Albright, KPMG Principal, Advisory Josepf Schneider, KPMG Managing Director, Advisory Stefan Heck, Nauto CEO and Co-founder Joseph Petrelli, Demotech, Inc. President and Founder 5:40 p.m. 5:45 p.m. Close 5:40 p.m. 7:30 p.m. Networking/reception Friday, September 16 7:30 a.m. 8:00 a.m. Continental breakfast 8:00 a.m. 8:15 a.m. Welcome back 8:15 a.m. 9:15 a.m. Keynote speaker: Richie Whitt, Co-CEO Markel 9:15 a.m. 9:30 a.m. Break 9:30 a.m. 10:30 a.m. Concurrent session III NAIC reporting and regulatory overview This session will cover recent statutory accounting developments and recent NAIC regulatory activity with financial reporting implications. Laura Gray, KPMG Principal, Advisory Bob Kasinow, KPMG Director, Advisory Olga Roberts, KPMG Senior Manager, Audit SEC update and internal controls This session will provide an update on SEC matters, internal controls, and observations on financial reporting matters relevant to public companies. Jack Myers, KPMG Partner, Audit Harry Cohen, Partner, Audit BEPS and country-by-country reporting In 2013, OECD and G20 governments embarked on a uniquely ambitious international tax effort. BEPS Actions 8-10 and 13 introduce new requirements for transfer pricing and related documentation. The question is, how prepared is your organization for the change? Sophia Boutilier, KPMG, Managing Director, Tax Tal Kaissar, KPMG, Partner, Tax Vinay Kapoor, KPMG, Principal, Tax Melissa Hall, Assurant, Senior Vice President Customer and distribution The consumer landscape is rapidly evolving as demographics have shifted, expectations are changing, and the competitive landscape is in flux. Enabled by new technologies, distribution is evolving toward direct, digital channels, with the

4 Friday, September 16 10:30 a.m. 10:45 a.m. Break transition traditional role of the Agent evolving. This session will delve into key customer and distribution trends and their Impacts, the consumer and producer life cycle management. Michael Herman, KPMG Principal, Advisory 10:45 a.m. 11:45 a.m. Concurrent session IV NAIC reporting and regulatory overview This session will cover recent statutory accounting developments and recent NAIC regulatory activity with financial reporting implications. Laura Gray, KPMG Principal, Advisory Bob Kasinow, KPMG Director, Advisory Olga Roberts, KPMG Senior Manager, Audit SEC update and internal controls This session will provide an update on SEC matters, internal controls, and observations on financial reporting matters relevant to public companies. Jack Myers, KPMG Partner, Audit Current trends in insurance tax/section 385 Trends and current developments. The pace of change in tax law and related developments is accelerating. BEPS has unleashed tax initiatives across the globe, many of which directly affect insurance businesses. The Section 385 proposed regulations are extraordinarily far-reaching, presenting new challenges for tax departments. Sheryl Flum, KPMG Managing Director, Tax Tom Greenaway, KPMG Principal, Tax Philip Jacobs, KPMG Principal, Tax Digital, data and analytics Many insurance functions will become increasingly digitized within the next five years and firms must turn data into insights. This session will focus on what digital, data and analytics are to insurance; the truth about where insurance companies are; and changing the world in which they operate by taking a holistic approach to business problems driving analytics. Alan Narkiewicz, KPMG Partner, Advisory 11:45 a.m. 12:45 p.m. Lunch 12:50 p.m. 1:50 pm Concurrent session V The Regulatory and compliance road ahead Complying with the changing regulations in the insurance industry is a challenge. Compliance functions and activities need to evolve as regulations and oversight evolve. This session will focus on transforming the effectiveness and sustainability of compliance, recognizing the focus on consumer protection and the DOL Fiduciary Standard, reforming regulatory reporting and examining capital and more. Stacey Guardino, KPMG Partner, Advisory Bob Skrzypczak, KPMG Principal, Advisory Finance and actuarial transformation Finance is becoming fully integrated with core business functions. Top of mind priorities include: capital management, underwriting profit/cost management, tax optimization, and regulatory compliance. This session will focus on

5 Friday, September 16 emerging trends, including enterprise performance management, cloud enable transformation and digital labor. Tony Alejo, KPMG Managing Director, Advisory David White, KPMG Principal, Advisory Human Capital Management The HR function is changing into a more strategic role within companies. The consumer experience is driving employee and work-life balance expectations while the automation of jobs by new technology requires a new way of thinking. This session will focus on a few key areas of the HR function, including HR technology; evidence-based HR and the power of robust analytics; the next generation of HR shared services and impact on the bottom line. Evan Metter, KPMG Managing Director, Advisory Business Model Obsolescence Risk Management Unprecedented change is disrupting the industry. Particularly in three areas: shrinking business in traditional lines; infrastructure architecture; and new competitors. Proactive insurers who can successfully execute significant change will be the winners. This session examines the role of the CRO and risk management function to assist companies identify threats and opportunities and manage the risks associated with significant change initiatives. Carl Groth, KPMG Managing Director, Advisory 1:50 p.m. 2:00 p.m. Transition 2:00 p.m. 3:00 p.m. Concurrent Session VI Global accounting/ifrs This session will discuss the changes in the IASB insurance contracts project since the IASB exposure drafts, as well as the IASB financial instruments project status. Session is designed for those who have been aware of the insurance ED and want an update on what has happened post-ed. Bryce Ehrhardt, KPMG Senior Manager, IFRS Alan Goad, KPMG Partner, Audit Michael Hall, KPMG Partner, Audit Finance transformation Finance is becoming fully integrated with core business functions. Top of mind finance priorities include capital management, underwriting profit/cost management, tax optimization, and regulatory compliance. This session will focus on emerging trends, and solution overviews including enterprise performance management, cloud enabled finance transformation, and digital labor. Tony Alejo, KPMG Managing Director, Advisory David White, KPMG Principal, Advisory

6 Friday, September 16 Human capital management The HR function is changing into a more strategic role within companies. The consumer experience is driving employee and work-life balance expectations while the automation of jobs by new technology requires a new way of thinking. This session will focus on a few key areas of the HR function, including HR technology; evidence-based HR and the power of robust analytics; the next generation of HR shared services and impact on the bottom line. Evan Metter, KPMG Managing Director, Advisory Actuarial Models Current and Future State Actuarial models have long been a critical component of the financial reporting process, including capital management. This session will focus on a discussion on current practices around model development (controls and governance); model testing; model validation; and, specific documentation requirements. James Christou, KPMG Principal, Advisory Scott Weinstein, KPMG Principal, Advisory Close