Sunday, September 25
Aon-Benfield NICC Golf Tournament at Furry Creek,
(Tournament begins at 10:30am) Golf registration required.
Conference Registration Opens 9:00 am
Cocktail Reception, Sponsored by Lloyd’s (6:00-8:00pm)
Monday, September 26
Full Breakfast sponsored by Riverfront Medical Services.
7:30am - 8:45am
Welcome and Introduction
Modernization of the Regulatory Regime - Where Do We Go From Here?
Partner, Fasken Martineau DuMoulin LLP
Managing Director, Insurance Capital, OSFI
Executive Vice President and CFO, Aviva Canada Inc.
Superintendent and CEO, Financial Institutions Commission British Columbia
Topics that will be covered by this important opening panel include:
– International regulatory trends
– Basel III – its application in Canada
– Solvency II, Pillars 1 and 2
– What does “Modernization of the Regulatory Regime” mean?
– Do we need it? If so, what? Has the pendulum swung too far?
– If regulation is really about risk management, what risks (known, emerging, unknown) really need further regulation?
– Provincial issues – market conduct, rate regulation, credit scoring, Part XIII, others
Networking Break sponsored by Duck Creek Technologies
10:30am - 11:00am
President & CEO, ICBC
Vice President, Investigative Services, IBC
President, Canadian P&C,
President & CEO, National Insurance Crime Bureau
Effectively fighting fraud not only makes smart business sense, it also benefits consumers. It is, however, a difficult and complex problem to manage. This session will explore fraud in personal-lines insurance, suggest strategies that Canadian insurance companies can take to reduce fraud, and explore action that companies and government can take to fight service supplier fraud and the abuse of contracts of insurance – contracts that, at their very core, are based on the concept of “utmost good faith”.
President, Giffin Koerth Smart Forensics
MASc, PEng, PE, Director, MEA Forensic Engineers & Scientists
Vice President, Toronto Operations Claims Manager, FM Global
Director, Whitelaw Twining Law Corporation
Every year hundreds of millions of dollars are available to insurers through subrogation. This diverse panel of subrogation experts will discuss and present case studies illustrating strategies they employ to ensure the successful recovery of claims dollars spent. Topics of discussion will include:
– Developing a project plan for subrogation on day 1 involving: Expert(s); Adjuster/examiner; Counsel
– Importance of and, effective use of, an “expert”
– Understanding the motivators of defendants – their insurers and their counsel
– Identifying Targets
– Cost benefit analysis in the subrogation process
– Managing risk in the process – taking smart risks
– Spoliation and preserving evidence
– Small mistakes that can cost millions of dollars
– Identification of the manufacturer of imported products
Lunch and presentation sponsored by The IBC
12:00pm - 1:30pm
President & CEO, Insurance Bureau of Canada
We’re living in a riskier world. On that, we can all agree. But the road diverges there, depending on whether the regulator or the insurer is its traveler. Don Forgeron, President and CEO of Insurance Bureau of Canada, will address the issue of risk from the perspective of both regulator and insurer, bringing to light the challenges that create the current divide, how to bridge it, and the opportunity it presents to better serve Canadian consumers.
Global Reinsurance Panel - The Road Ahead
1:30pm - 2:45pm
Vice Chairman, Guy Carpenter & Co. LLC
President & CEO - The Americas, SCOR
President & CEO, Alterra Capital Holdings Ltd.
President & CEO, PartnerRe North America
The NICC’s global reinsurance panel is always a highly anticipated event. This year’s panel is no different. Moderated by Guy Carpenter’s CEO, Peter Zaffino, this panel of leaders from the world’s key markets will share their insights into what cedants and reinsurers can expect in the upcoming renewals and beyond.
Networking Break sponsored by CI Top Broker
2:45pm - 3:15pm
Managing Business System Transformation - From the Doobie Brothers to Lady Gaga
3:15pm - 4:30pm
President & CEO, ACORD
EVP and CIO, Aviva Canada Inc.
Global Business Services Insurance Practice Leader, IBM
Vice President, Global Insurance Leader, Capgemini Financial Services
Insurers and their partners are saddled with creaky legacy systems that are very inexpensive to run but is at the same time highly rigid and inflexible. Companies are in the varying stages of the painful and costly process of transforming their systems. Their objective is to benefit from new technologies that will provide flexibility, interoperability and sophisticated analytical/modeling capabilities required to effectively compete in today’s market.
Join this expert panel as they address the opportunities and pitfalls ahead.
Cocktail Reception sponsored by Standard & Poor’s (6:30-7:45pm)
Gala Dinner co-sponsored by Guy Carpenter and Deutsche Insurance Asset Management (7:45pm)
Dinner Wine sponsored by PricewaterhouseCoopers
Featured Entertainer Rich Little, sponsored by PCS-Canada
Tuesday, September 27
Full Breakfast sponsored by Towers Watson
7:15am - 8:30am
8:30am - 9:30am
Global Chief Economist & Managing Director of DB Advisors of Deutsche Bank
From his vantage point as the chief economist of one of the world’s leading asset management firms, Josh Feinman will provide an analysis on the ‘Long Climb Back’ in the U.S., the struggling economies in Europe, the Asian economies and the effects these will all have on Canada. Mr. Feinman will further delve into the outlooks for interest rates, inflation, labour and credit in the context of monetary and fiscal policies in North America.
The Great California ShakeOut - Lessons for Canada
Associate Research Professor, University of Colorado at Boulder
Keith Porter is an Associate Research Professor in Structural Engineering and Structural Mechanics at the University of Colorado at Boulder and Principal of the international consulting company SPA Risk LLC. He is a licensed Professional Engineer and researcher specializing in seismic vulnerability and societal risk from natural disasters. He helped to develop the second generation of performance-based earthquake engineering (PBEE-2), a structural engineering method to estimate seismic risk to buildings in terms dollars, deaths, and downtime. He has been involved in the Southern California ShakeOut earthquake emergency planning scenario. He is one of a very few academics who was once a professional catastrophe risk modeler, having worked for EQECAT in the 1990s. In this fascinating and scary presentation, Mr. Porter will describe the findings of the massive California ShakeOut study and what we can learn from it in Canada.
10:30am - 11:00am
11:00am - 12:30pm
Executive Director, Institute for Catastrophic Loss Reduction
Seismologist, Senior Research Scientist, Natural Resources Canada
President & CEO, PACICC and NICC 2022 Emcee
The big one hasn’t’ happened here…yet. But seismology tells us that it surely will. It could be a mammoth Cascadia Subduction Zone quake on the west coast or a sizable event in the Montreal region. Canada’s population, businesses and governments are exposed. Are insurers and reinsurers adequately prepared? Is society? Issues that will be discussed include: infrastructure, emergency preparedness, insurance capacity, model risk, infrastructure, building codes, broker awareness and deductibles.
What is happening in the Canadian commercial litigation front? Insurers need to know.
This panel of experienced litigators will discuss important developments in D&O, class actions, product liability, securities litigation, environmental class actions known as toxic torts and the “terrifying” prospect of pliable limitation periods.
Lunch sponsored by the CIP Society
Senior Deputy Governor of the Bank of Canada
Social Guests Welcome
Conference Wrap Up
President & CEO,
RIBO Accreditation: Both days (September 26 & 27)
– 6 hours Management & 3.5 hours Technical