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Browse the NICC 2015 agenda

Wednesday, September 30

2015 DAS NICC Golf Tournament at Club de Golf de I’île de Montreal
(Tournament begins at 11:00am) Golf registration required.

Conference Registration Opens 9:00am

Cocktail Reception 6:00-7:30pm
Sponsored by Lloyd’s
Welcome Address:
Tom BoltDirector, Performance Management, Lloyd’s 

Technology
Sponsored by CGI

Thursday, October 01

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Breakfast Sponsored by Aon Benfield

7:30am - 9:00am

Welcome and 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

Global Economic Outlook

9:25am - 10:15am

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.

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Networking Break Sponsored by Willis Re

10:15am - 10:45am

MORNING CONCURRENT SESSIONS

10:45am - 11:55am

Concurrent Session A
Is Property at Risk of Becoming the New Auto?
Moderator:
Tim Bzowey

Executive Vice President, Auto/Insurance Products, FSRA

Panelists:
Karen Gavan

President & CEO, Economical Insurance Group

Philip Howell

Former CEO, Financial Services Commission of Ontario

Robyn Young

President, Insurance Brokers Association of Alberta

It’s no secret that climate change, aging municipal infrastructure, building practices, land use policy, lifestyle changes, societal shifts, fraud and abuse are impacting property insurance portfolios. Affordability and availability of coverage is where these factors converge. As consumers and their representatives feel the effects of premium increases and coverage changes insurers are increasingly being held to account.

Is blaming insurers a case of ‘shooting the messenger’ as they fulfill their obligation to reflect all known risks in the coverage and price it accordingly? Or, is there more insurers should be doing together with consumers, brokers, regulators, politicians, media and the scientific community?

Few today are calling for the prescriptive regulation found in auto insurance across the country. Yet, the threat seems to persist just below the surface on this increasingly sensitive topic. Can we learn from our mistakes with auto insurance over the last 25 years and embrace the complexity inherent in the factors acting on property to inspire thoughtful solutions supported with ‘skin in the game’ among all key stakeholders? Or, are we heading down a dangerous path as public representatives receive pressure from their constituents for a simple, quick and seemingly painless fix that paradoxically results in just the opposite.

Three well known, seasoned executives with diverse perspectives will debate a subject that has profound implications for our businesses, our industry, and our communities.

Concurrent Session B
Cyber Risk - Insurance Considerations
Moderator:
Gary Miller

Director, Global Cyber, CGI

Panelists:
Phil Baker

President, Creechurch Inernational Underwriters

Alice Underwood

Executive Vice President, Willis Re Inc.

Cyber insurance is coming into its own as capacity grows and innovation in coverages increases but it still somewhat of an immature market as global cyber attacks get ever more brazen and harmful. Join this illustrious panel as they bring some order to bear both in terms of product, client demands and modelling technology.

Lunch Sponsored by IBC

12:00pm - 1:45pm

Speaker:
Jaime Watt

Executive Chairman, Navigator Ltd.

EARLY AFTERNOON CONCURRENT SESSIONS

2:00pm - 3:00pm

Concurrent Session A
Auto Insurance Reality Check
Moderator:
David Simpson

President & CEO, Facility Association

Panelists:
Barbara Bellissimo

Senior Vice President, Desjardins General Insurance Group

Michael Brattman

President, IBAO

Allan Cleiren

Chair, Alberta Insurance Rate Board

Amanda Dean

Vice President, Atlantic, IBC

Canadian automobile insurance is forever changing. What further changes are needed to meet the ever-present, yet often elusive, goals of widely affordable, available, and profitable automobile insurance for Canadian consumers? Hear the industry, regulatory, and trade association perspectives on what changes are required, what’s necessary to make them happen, and in today’s political context, what’s realistically achievable. And remember, context is everything!

Concurrent Session B
The Evolving Canadian MGA Model - Is There Ink in the Pen?
Moderator:
Robert Dempsey

Retired President & COO, The Guarantee

Panelists:
Anthony Fredericks

CEO, AM Fredericks

Jean F. Laurin

President, ENCON Group Inc.

Lynn Oldfield

President & CEO, AIG Canada

Gerry Wolfe

Chairman, Arch Insurance Canada Ltd.

Is old new again? The industry has seen the Managing General Agency model of delivery for many years with solid underwriting results being very consistent over that time. However, times are a changing as risk management and risk transfer needs bring forward new coverage challenges and capacity expansion. Over the last decade or more, these risk coverage needs have been met not only through the existing licensed underwriting companies but new managing general agencies and wholesale brokers accessing offshore capacity. Many questions arise:

  • Is this added capacity softening prices for the coverages being offered?
  • Is there presently adequate regulatory control for the managing general agency model? Should that regulatory control come from OSFI or the broker industry?
  • Have the new entrants brought much needed innovation in coverage and capacity?
  • Is the “Ink in the Pen” long standing and secure for the Canadian consumer?
  • Our panel brings a wide variety of experience on the underwriting, world capacity and MGA model with, no doubt, varying views on the many issues. This session guarantees to be lively, spirited and entertaining.

    Networking Break Sponsored by SCM

    3:00pm - 3:30pm

    Global Leaders Panel

    3:30pm - 4:30pm

    Moderator:
    Eric Andersen

    CEO, Aon Benfield

    Panelists:
    Tom Bolt

    Director, Performance Management, Lloyd's

    Stephen Catlin

    Executive Deputy Chairman, XL Catlin

    Greg Hendrick

    CEO, XL Group, Insurance Segment

    Bradley Kading

    President & Executive Director, Association of Bermuda Insurers & Reinsurers

    Canada is not an island and global developments in the insurance arena impact our market in many ways both on the primary side as well as on the reinsurance side. technology, M&A, global regulatory developments and emerging risks will be discussed by this esteemed panel.

    End of Thursday Sessions

    Cocktail Reception 6:30-8:00pms
    Sponsored by Standard & Poor’s Ratings Services

    Gala Dinner and Entertainment 8:00pm
    Dinner co-sponsored by Guy Carpenter and Munich Re Canada
    Wine sponsored by PwC
    Entertainment sponsored by AIR Worldwide

    Friday, October 02

    Breakfast Sponsored by JLT Re

    7:30am - 8:25am

    Flood Insurance Programs - Trials, Tribulations and Success Stories

    9:15pm - 10:30am

    Moderator:
    Don Forgeron

    President & CEO, IBC

    Panelists:
    Dr. Bernhard Gause

    Member of the Executive Board, German Insurance Association

    Brendan McCafferty

    CEO, Flood Re (UK)

    Mr. McCafferty will share the implementation challenges of the UK’s national flood program while Dr. Gause will speak to the central role of private insurance in the 2013’ flooding in Germany and the ongoing political debate about improving the system. Mr. Forgeron will wrap up with up-to-date information on a proposed national flood plan for Canada. This is a panel that is not to be missed.

    Networking Break Sponsored by Opportunities NB

    10:30am - 11:00am

    MORNING CONCURRENT SESSION

    11:00am - 12:00pm

    Concurrent Session A
    Severe Weather & Climate Change - Perspectives From Environment Canada
    Speaker:
    David Phillips

    Senior Climatologist, Environment Canada

    Extreme weather has become the norm – an epidemic of ferocious, destructive, disruptive and killer weather everywhere.  The climate is warming but bad weather may be the most significant outcome from an over-heated planet.

    The traditional planning approach has been to set standards, policies and designs based on the premise that the past is a guide to the future.  Almost all of our current infrastructure, such as draining systems and water treatment/purification facilities, has been designed using climate information that has been calculated from historic records under the assumption that average and extreme conditions of the past will occur again over the future life span of the structure. What we are learning though is that due to climate change, current systems are not providing the level of performance and protection that they once did.  Climate change is shortening the life span of many structures.  The future is not going to look like the past.  We need to plan better for the climate we’ve got and more so the climate we’re going to get.

    Concurrent Session B
    Specialty Lines: On the Brink
    Moderator:
    Hugh Sturgess

    President & CEO, Arch Insurance Canada Ltd.

    Panelists:
    David Cook

    Chief Underwriting Officer, ENCON Group Inc.

    Michael Densham

    VP Executive and Professional Lines, Berkshire Hathaway Group Reinsurance Division

    Jean-Raymond Kingsley

    Senior Vice President & Chief Agent, Odyssey Re (Canada)

    Specialty liability lines in Canada have been losing ground for more than a decade, especially in the highly competitive E&O and D&O lines. Amongst the many reasons for this, oversupply of capacity is held out as the main culprit. While most carriers in the market openly acknowledge that circumstances have already reached the edge of profitability competition continues unabated.  Join this expert panel comprised of new, incumbent and reinsurance perspectives to determine if there is a path to sustainable underwriting in these long tail lines, or if market dynamics will cause things to go past the brink (again).

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    Closing Lunch Sponsored by CIP

    12:00pm - 1:45pm

    The New World of Global Risk: ISIS, the new Cold War and Cyber Terrorism
    Speaker:
    David Andelman

    Editor of World Policy Journal and Columnist at USA Today

    Conference Wrap-Up

    1:50pm - 2:00pm

    Speaker:
    Joel Baker

    President & CEO,
    MSA Research Inc.

    RIBO Accreditation:
    7 hours Management and 1 hour Technical