Sunday, September 18
HSB Canada - NICC 2022 Golf Tournament
For more information on our golf tournament, click here.
Opening Cocktail Reception sponsored by Lloyd's
Round-trip shuttle will be provided between Sutton Place Hotel and Pier 21 between 5:30 and 8:30 pm.
Monday, September 19
Conference WIFI sponsored by Crawford
Breakfast sponsored by Gallagher Re
8:00 - 9:00 am
Welcome, Acknowledgements and Intro Address
9:00 - 9:20 am
9:20 - 10:00 am
Superintendent of Financial Institutions,
Alister Campbell will engage OSFI’s Superintendent, Peter Routledge, in conversation covering issues that are top of mind to insurers and reinsurers operating in Canada. Topics will include the global and domestic environment for insurers, updates on OSFI’s work and other areas of interest. Mr. Routledge will respond to questions at the end of the fireside chat.
Networking Break sponsored by DBRS Morningstar
10:00 - 10:30 am
What Did I Miss?
10:30 - 11:45 am
Intact Financial Corporation
This panel will set the stage for the conference – We might have all been locked down personally…but the forces of change certainly were not. So much has happened since we last met! More consolidation, the first P&C demutualization, a surge in broker M&A, a hard market in commercial lines, the rise of more and larger MGA’s, major CATs – some exposing significant insurance gaps, a transformation of the workplace, rising inflation for the first time in a generation, the use of ESG metrics as an underwriting filter, the dramatic surge in cybercrime and so much more. We have a lot to catch up on!
Lunch & Keynote Presentation sponsored by IBC
11:45 - 1:15 pm
An increasing number of risks, including flood, earthquake and cyber, are becoming harder to insure, leaving protection gaps for consumers. As we saw in BC last year after the flood and fires, the gap between economic and insured losses is continuing to grow. What role could our industry play to lessen the protection gap? What role should our industry play to lessen the gap? IBC’s CEO Don Forgeron looks at what the industry needs to do to better protect Canadians.
1:15 - 2:15 pm
A: Not Your Average Hard Market: New Perspectives on Responding to Cyclical Challenges in Commercial Lines
Executive Vice President, Strategic Initiatives & Advocacy,
Insurance Bureau of Canada
Specialty Program Group Canada
Chief Operating Officer,
CEO, Global Asia Insurance Partnership
President & CEO, Travelers Canada
The world is grappling with urgent issues, including climate change, extreme events, cyber threats, and the response to the global pandemic. The insurance industry has a definite and emphatic role to play in these areas. However, the extended hard commercial market has compounded the complexity of responding to these issues, with many new and unforeseen challenges for the industry and its customers emerging over the past two years. We need to search for new ways to drive our businesses forward, engage with our customers, and support the economy by delivering critical services. Join us to hear leading perspectives on commercial markets and what we can do to mitigate current and future issues for our industry and customers.
B: Personal Lines - Emerging from the Mist
Managing Director, Guy Carpenter
President, Canadian P&C,
Gore Mutual Insurance Company
This session will dig deeper and focus on developments in personal lines over the pandemic. We’ll look to the future and discuss the impacts on the sector of climate change, societal shifts and technological advancements. This free-wheeling discussion may also bring into scope auto regimes and evolving distribution.
Networking Break sponsored by Shelter Re
2:15 - 2:45 pm
Insurers, Sustainable Finance & Climate-Related Financial Disclosures
2:45 - 3:45 pm
Vice President, Federal Affairs, IBC
Director of Climate Analytics,
Co-Founder & CEO,
The P&C industry is undertaking significant efforts to reduce its global carbon footprint and promote the transition to a net-zero economy. Regardless, expectations are growing for insurance companies to assess and disclose climate change risks and opportunities, and the Task Force on Climate-related Financial Disclosures (TCFD) recommendations are the emerging global standard. The TCFD recommendations are becoming essential for insurance companies in developing disclosure-reporting plans. IBC’s Vice President of Federal Affairs, Craig Stewart, will lead a panel discussion on climate- related financial disclosures. In this session, participants will be asked to identify strategies and best practices for how to establish or improve climate risk disclosure practices and articulate potential organizational opportunities and challenges in developing a reporting strategy.
3:50 - 4:45 pm
C: Dig Deeper - Western Canada's ESG Struggle
Director, Insurance Risk,
Managing Director, Complex Risks,
Canada’s Oil & Gas sector represents more than 10% of Canada’s GDP. And Canadian producers include major global best practice leaders making essential investments to help Canada achieve our nation’s declared Net Zero 2050 goal. But “ESG” policies adopted by some of the largest insurers in the world have threatened to starve the sector of vital capacity just when they need it most. This fascinating panel will help us understand the trends we are seeing in this space and the implications for the sector, for our insurance industry… and for Canada.
D: Cyber Resilience for the Industry & Those it Serves
Partner, National Lead, Corporate & Regulatory Insurance Practice,
Managing Director, Technology Risk Division, OSFI
Head of Insurance,
This session will tackle two issues: 1. The Cyber Product: It has been said that one of the industry’s main engines over the coming decades will be cyber security. Presently, the cyber product in Canada is limited, volatile and has challenging margins. Where is the Canadian Cyber Product going? How will it develop in Canada and globally? and 2. Cyber resilience of the industry ecosystem itself – Should there be more transparency and coordinated effort in the industry?
E: "Just Fell Into It" Doesn't Cut It Anymore - The Industry's War for Talent
Host and Producer,
The Insurance Podcast
Global Insurance Practice Leader,
Diversified Search Group
Chair, CRU Group
Changes in talent management preceded the pandemic but the past two years have thrust us forward by more than a couple of decades, say some. Hybrid work, changing expectations, DEI considerations and shifting career options in our industry make for a volatile mix. Relying on old tropes like “I just fell into it” won’t cut it any longer. Where will talent come from? What can we do to attract it to our industry and our organizations? Join this panel to find out.
The Future of Fleet Risk Management Has Arrived
4:50 - 5:30 pm
JR Tisdale Consulting Services
Executive Vice President, Auto/Insurance Products, FSRA
Learn from this session how the AI embedded in autonomous vehicles can be used today to improve risk selection, driver behaviour, and claims investigations. New technologies now available will eliminate class underwriting, creating additional market capacity by identifying the individual safest drivers and the best performing fleets.
Cocktail Reception sponsored by Aon
6:30 - 7:30 pm
Gala Dinner co-sponsored by Guy Carpenter & Munich Re
Gala Wine sponsored by EY
Tuesday, September 20
7:30 - 8:30 am
Global Economic Outlook & Discussion
8:30 - 9:15 am
Join Munich Re’s Michael Menhart for an engaging tour of the challenges, complexities and opportunities facing the industry and society amid a resurgence of global hot and cold conflicts, inflation fears, supply chain disruptions, and elevated climate risks.
Global Leaders' Panel
9:15 - 10:15 am
President & CEO,
Everest Re Group, Ltd.
EVP & CEO, General Insurance, AIG
CEO, Hiscox Re & ILS
Always a favourite at the NICC, the 2022 Global Leaders’ Panel promises to be particularly engaging. Global developments in the re/insurance arena always have a direct and immediate impact in the Canadian market. Technology, capital, inflation, CAT losses, M&A, global regulatory developments and emerging risks will be among the crucial topics discussed by this highly esteemed panel.
Networking Break sponsored by DBRS Morningstar
10:15 - 10:35 am
10:35 - 11:10 am
F: IFRS-17 - The Fallout
Associate Partner, Financial Accounting Advisory Services, EY
Northbridge Financial Corporation
The implementation date for IFRS-17 is only a handful of weeks away. Are we ready? Are we prepared for the fallout? Can we make sense of the output? We know the costs, where are the benefits?
G: How Insurers are Reshaping Sports
Insurers should closely monitor the current case law, clinical and scientific developments surrounding concussions. This knowledge will guide insurers to tailor policy language and exclusions to address this risk and place requirements on sports leagues to ensure health and safety.
H: The Broker Channel Landscape: Challenges & Opportunities
Insurance Brokers Association of Canada
AA Munro Insurance
President, HUB International Canada
President & CEO, Excel & Y Insurance Services Ltd. and President, IBAC
This panel will discuss and explore the impacts of the pandemic on the broker channel, the strengthening of the broker value proposition, consolidation trends, the drive to scale, the attraction and retention of talent, technology acceleration, changing consumer demand, and broker advocacy.
Emerging Issues & Regulatory Hot Topics
11:10 - 12:00 pm
Join us for a return of our fast-paced discussion of legal and regulatory hot topics affecting the industry. The session will address a wide array of subjects including OSFI’s Revised Guideline B3; OSFI’s increasing focus on Culture Risk Management – what it means; Insure Tech and FSRA’s innovation and test and learn framework; Changes to the take- all-comers rule; Unfair and Deceptive Acts and Practices – have we evolved?; Increased powers of credit unions to sell insurance; MGA regulation, where are we at?; Cross- Canada regulation of insurance digital transactions, and more. This session is designed to be interactive – your input will be encouraged.
Lunch & Keynote Fireside Chat sponsored by CIP Society
12:00 - 1:15 pm
Kingsdale Advisors and BlackNorth Initiative
Chair of CABIP, Office Owner, Nacora International Brokers
We are thrilled to be joined by Wes Hall, founder and chairman of Kingsdale Advisors and The BlackNorth Initiative, as well as the first Black Dragon on Dragon’s Den. Wes is one of Canada’s most important agents of change. We are also delighted that Sheldon Williams, the chair of The Canadian Association of Black Insurance Professionals will be joining Wes in a wide-ranging conversation on corporate Canada and our industry in particular.