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Browse the NICC 2013 agenda

Sunday, September 22

2013 Deutsche Asset & Wealth Management NICC Golf Tournament at Le Sorcier Club de Golf
(Tournament begins at 11:00am) Golf registration required.

Conference Registration Opens 9:00am

Cocktail Reception, Sponsored by Lloyd’s 6:00-7:30pm

Monday, September 23

AON_icon

Breakfast Sponsored by Aon Benfield

7:30am - 9:00am

Welcome, Acknowledgements, and Intro Address

9:00am - 9:20am

Speakers:
Joel Baker

President & CEO,
MSA Research Inc.

Amanda Lang

Acclaimed Business Journalist Bestselling Author, The Beauty of Discomfort

The View from OSFI

9:20am - 10:00am

Speaker:
Julie Dickson

Superintendent of Financial Institutions, OSFI

Superintendent Julie Dickson will give an overview of the current economic environment, and what OSFI is seeing in the most recent property and casualty results. Ms. Dickson will also provide insight into various regulatory initiatives that are underway, and discuss what she feels will be important issues in the coming quarters. She will respond to questions at the end of her presentation.

Networking Break Sponsored by Accenture Software

10:00am - 10:30am

Morning Session

10:30am - 12:00pm

Preparing for "The Big One": Perspectives on Earthquake in Canada
Moderator:
Mary Lou O'Reilly

Senior Vice-President, Issues Management and Communications, IBC

Panelists:
Petra Nemcova

Tsunami Victim, Founder of Happy Hearts Fund

Gregor Robinson

SVP Policy & Chief Economist, IBC

Peter Gordon

Professor of Public Policy Economics, Sol Price School of Public Policy, University of Southern California

Ross Stein

Geophysicist, U.S. Geological Survey & Chair, Scientific Board of the Global Earthquake Model (GEM)

A survivor’s story, the results of a new IBC-commissioned study on the impact of an earthquake in Canada, insight on the metrics of business interruption losses, and perspectives from a leading expert on the physics of earthquakes will help inform what promises to be a fascinating discussion.

End of Morning Session

Lunch and Presentation Sponsored by the IBC

12:00pm - 2:00pm

Forecasting and the Free Market
Luncheon Speaker:
Don Forgeron

President & CEO, IBC

As recent events have dramatically demonstrated,  resilience to severe weather is vital for
the protection of people and property as well as the economy.
Don Forgeron will address this ‘new normal’ in terms of current and future vulnerabilities.

Global Reinsurance Panel

2:00pm - 3:00pm

Moderator:
Bill Eyre

Managing Director, Reinsurance, Towers Watson

Panelists:
Ulrich Wallin

CEO, Hannover Re

Jacques Bonneau

Chairman, ACE Tempest Re Group

Dominic Addesso

President, Everest Reinsurance Company

Toby Stubbs

Senior Underwriter, Pembroke

The NICC’s global reinsurance panel is always an eye-opener. This year’s panel will be moderated by Bill Eyre of Towers Watson who is well-known to many in the audience. Bill and his panel of leaders from the world’s key markets will share their insights into what cedants and reinsurers can expect at renewal time and looking forward into 2014.

Networking Break sponsored by CI Top Broker

3:00pm - 3:30pm

Afternoon Concurrent Sessions

3:30pm - 4:30pm

Policy and Reinsurance Wordings - Pitfalls and Opportunities
Speakers:
Mark G. Lichty

Partner, Blaney McMurtry LLP

John F. Cairns

General Counsel & Corporate Secretary, Chubb Insurance Company of Canada

Stuart Carruthers

Partner, Stikeman

Cars are the product of the automotive industry. Medicines are the products of the pharmaceutical industry. Each industry devotes significant time and resources developing and testing their products. The insurance policy and the reinsurance agreement are the product of the Insurance Industry. Do we take the same care? Three experienced, senior counsel bring their unique perspectives to an assessment of the Insurance and Reinsurance Industry products.

The panelists will not simply discuss the “final product”  but the strengths and weaknesses in the policy/reinsurance agreement development process itself. Is there sufficient due diligence in creating, adjusting and marketing the product? Are “plain wording” contracts reducing disputes with brokers and policyholders? Have Treaty and Facultative agreements been suitably adjusted to reflect modern commercial reality?  The panelists will ultimately consider whether the Insurance Industry brings to its “product” development the same due diligence and resources expected of their policyholders when they design, develop and market their own products.

Prairie Storms: Thunderstorms, Tornadoes and Blizzards. What the Hail is Going On?
Moderator:
Paul Kovacs

Executive Director, Institute for Catastrophic Loss Reduction

Panelists:
Patrick McCarthy

Head - Prairie & Arctic Storm Prediction Centre at Meteorological Service of Canada

Tanya Brown

Research Engineer, US Insurance Institute for Business & Home Safety

Maxime Lafleur-Forcier

Manager, Actuarial R&D, Aviva Canada

In recent years Canada’s insurers have experienced record-high storm damage claims. The majority of recent large storm loss events were in the Prairie provinces, involving damage from hail, severe wind and water. Several of the largest recent losses were summer storm events in Edmonton, Calgary and southern Alberta. This panel will explore this peril from the perspective of a meteorologist, an insurer, and loss prevention researcher.  What factors contribute to the development of severe storms in the Prairies?  What actions are insurers taking to managing this peril?  What knowledge is emerging about best practices to prevent future damage from hail and other summer storm hazards?

End of Afternoon Concurrent Sessions

Cocktail Reception sponsored by Standard and Poor’s (6:30 – 8:00pm)
Gala Dinner and Entertainment (8:00pm)
Dinner Co-Sponsored by Guy Carpenter and PCS-Canada;
Wine sponsored by PwC
Entertainment sponsored by AIR Worldwide

Tuesday, September 24

Breakfast sponsored by Towers Watson

7:30am - 8:30am

General Session - Global Economic Outlook

8:30am - 9:15am

Speaker:
Dr. Kurt Karl

Chief Economist, Head of Swiss Re Economic Research & Consulting, Swiss Reinsurance Company Ltd

This presentation will review the outlook for the global economy with a particular focus on the Canadian and US economies. It will touch on the prospects for interest rates, foreign exchange rates, commodities, and equities. As the Chief Economist of Swiss Re, Mr. Karl is exceptionally well-positioned to convey this financial backdrop in a manner that is relevant to insurers and will prepare you to face what lies ahead in 2013 and 2014.

Morning Concurrent Sessions

9:20am - 10:35am

The Future of Auto Insurance Amid Tech Advancements
Moderator:
Jamie Rodgers

Vice President, Consulting Services, CGI

Panelists:
Robyn Robertson

President & CEO, Traffic Injury Research Foundation (TIRF)

Dr. Peter Burns

Chief, Ergonomics & Crash Avoidance, Transport Canada

Craig Weber

CEO, Celent

Michel Laurin

President & COO, Industrial Alliance Auto & Home Insurance Inc.

Auto insurance is a foundational pillar of the Canadian P&C industry, comprising over 50% of the industry’s premium volume. This sometimes volatile mainstay is on the cusp of a technological revolution that is already changing the competitive underwriting and claims landscapes. This expert panel will discuss the implications of crash-avoidace systems, self-driving vehicles, telematics and pay-as-you drive insurance which, together, beg the question: ‘Are we approaching the end of auto insurance?… or, rather, the end of auto insurance as we know it?’

Getting a Handle on Supply Chain Risks
Moderator:
Kelly Marchese

Principal, Supply Chain & Manufacturing, Deloitte

Panelists:
Matthew Yeshin

Managing Director, Marine Practice, Marsh Canada

Linda Conrad

Director, Strategic Business Risk Management, Zurich Financial Services

Supply chains are becoming highly sophisticated and vital to the competitiveness of many companies.  On the other hand, their interlinked, global nature also makes them increasingly vulnerable to a wide range of risks.

A number of internal and external forces are converging to raise the risk ante for global supply chains. Some are macro trends, such as globalization and global connectivity which are making supply chains more complex and amplifying the impact of any problems that may arise. Others stem from the never-ending push to improve efficiency and reduce operating costs. Although trends such as lean manufacturing, just-in-time inventory, reduced product life-cycles, outsourcing, and supplier consolidation have yielded compelling business benefits, they have also introduced new kinds of supply chain risk and reduced the margin for error. The knock-on effects of supply-chain disruptions on insurers are significant – from business-interruption, CBI losses, product liability cases and growing legal expenses. Getting a handle on these risks is not for the faint of heart but this panel is more than up to the challenge.

End of Morning Concurrent Sessions

Networking Break sponsored by Carfax

10:35am - 11:00am

Is Time for Flood Insurance in Canada Nigh? - A Debate

11:00am - 11:55am

Moderator:
Alain Thibault

Industry Expert and Former CEO

Panelists:
Guy Vézina

SVP, General Insurance, TD Insurance

Kathy Bardswick

President and Chief Executive Officer, The Co-operators Group Limited

Flood insurance is a contentious topic. On one hand, consumers are hampered by the inability to buy it in Canada despite an obvious need. On the other hand, the product involves significant challenges, including the current lack of proper risk assessment tools for pricing it and the potential for adverse selection. Can a sustainable flood insurance product be developed for Canada? Join the debate and find out.

Where's the Action in Class Actions? A 'No Holds Barred' Debate

11:55am - 12:40pm

Moderator:
Amanda Lang

Acclaimed Business Journalist Bestselling Author, The Beauty of Discomfort

Panelists:
Won Kim

Founding Principal Kim Orr, Barristers

Robert W. Staley

Partner, Bennett Jones

If you attended the first ever NICC back in 2007, you will remember the ‘Battle Royale’ between a younger Won Kim, a tenacious plaintiff class action lawyer who took on the industry in the ‘salvage case’ and Fasken’s John Campion, who vanquished him in that same case. The clash is immortalized in a video you can find in the archives section of the NICC site.  Well, Won is back! Leaner and meaner!  And this time he is up against Rob Staley, a class action defence lawyer who has represented clients like RIM and Sino-Forest. What has changed in the world of class actions? What can insurers do to better defend their policyholders and themselves? Like we said back in ’07 – sparks will fly!  And once again, this session alone is worth the price of admission!

End of Morning Sessions

cip-society logo

Closing Lunch sponsored by CIP Society

12:40pm - 2:00pm

The Economic Challenges Facing Quebec and Canada
Keynote Luncheon Speaker:
Jean Charest

29th Premier of Québec & Former Deputy Prime Minister of Canada

Following his speech, Mr. Charest will sit down for an engaging conversation with our own Amanda Lang. Audience Q&A will follow.

Social Guests Welcome

Conference Wrap Up

2:00pm

Speaker:
Joel Baker

President & CEO,
MSA Research Inc.

NICC 2013 Accredited by RIBO
Both days (September 23-24, 2013)
5 Hours Management; 4 Hours Technical