United States

KPMG’s 30th Annual Insurance Industry Conference - Agenda

Jun 06, 2018
From Advisory Institute

KPMG’s 30th Annual Insurance Industry Conference

 

KPMG’s 30th Annual Insurance Industry Conference

 

Speakers

Wednesday, September 12, 2018
Time:
Topic:
Speaker:
Description:
7:00 – 8:30 a.m.
Registration & Continental Breakfast
8:30 – 9:20 a.m.
General Session I:
Welcome and State of the Insurance Industry
Laura J. Hay, Global Insurance Head, KPMG International
Insurers continue to focus on growth - addressing challenges and seeking opportunities in a ever-changing industry. This session will provide an overview of the current state of the insurance industry, key trends and what insurers should be considering as they look to the future.
9:20 – 10:20 a.m.
General Session II:
Terrance Williams, Chief Marketing Officer & President, Emerging Businesses, Nationwide
to be provided
10:20 – 10:35 a.m.
Networking break
10:35 – 11:35 a.m.
General Session III: The Economic Environment and the Insurance Industry
Constance Hunter, Chief Economist, KPMG LLP
In this session, attendees will hear our about the US and global economies and demands, and how these are impacting the insurance indsutry and the future.
11:35 a.m. – 12:35 p.m.
General Session IV: Automation and the Workforce
Robert Bolton, Partner, Global HR Center of Excellence, KPMG UK
to be provided
12:35 – 1:30 p.m.
Lunch
1:30 – 2:20 p.m.
Concurrent Session I:
IA: Accounting Update: Financial Instruments
This session will be a discussion of the new standards impacting financial instruments – including CECL and IFRS 9.
IB: Accounting Update: Non-financial Instruments
IC: Innovation in Claims: Image and Voice Analytics
Scott Shapiro
Claims represents the greatest opportunity for insurers to differentiate themselves and exceed customer expectations. This session, co-presented with Google, will focus on innovative areas in the claims arena, including machine learning applications using image and voice analytics.
ID: The Future of Finance
David Fourie
Most insurance companies have finance technologies that are on-premises and will be approaching end-of life in the 2020’s. Furthermore, finance organization continue to look for ways to optimize their service delivery while enhancing their value as business partners. This, and upcoming accounting changes, are all driving finance to relook at their current technologies. Developments in finance technologies and leveraging SaaS based application can have a meaningful change and impact on finance organizations. This session will help insurers understand how to the finance technology landscape changes, enabling finance organizations to be future ready.
2:25 – 3:15 p.m.
Concurrent Session II:
IA: Accounting Update: Financial Instruments
This session will be a discussion of the new standards impacting financial instruments – including CECL and IFRS 9.
IB: Accounting Update: Non-financial Instruments
This session will be a discussion of the FASB long-duration contract project and new standards for revenue recognition and leases.
IC: Innovation in Claims: Image and Voice Analytics
Scott Shapiro
Claims represents the greatest opportunity for insurers to differentiate themselves and exceed customer expectations. This session, co-presented with Google, will focus on innovative areas in the claims arena, including machine learning applications using image and voice analytics.
ID: Arity session
David Montes
Understanding driving behavior will help insurers understand the customer and reduce loss. Making transportation safer, smarter and more useful for everyone is critical and can be achieved by using mobility-related data to enable better decision-making. This discussion will Arity will uncover valuable insights, using a driving score that combines traditional, non-telematics data with driving data.
3:15 – 3:45 p.m.
Networking break
3:45 – 4:45 p.m.
General Session V:
Bill Pieroni, President & CEO, Acord
Digitization, Insuretech & Change
Bill Pieroni will share the results of a recent analysis exploring the linkage between digital maturity and financial performance across the global industry. The presentation will higlight key findings and implications from the ACORD study which examined digital maturity versus key financial and operating metrics over the last 7 years. The study examines the results from the top 100 carriers worldwide and focuses on the fundamental question of whether or not digital maturity correlates to high performance. Additionally, Bill will review the digitization imperative in the context of emerging InsurTech, change management, strategy development and execution.
4:45 – 5:45 p.m.
General Session VI: A view across the globe: The Geopolitical Perspective
Stephen E. Allis, KPMG
5:45 p.m.
Close
5:45 – 7:00 p.m.
Networking reception
Thursday, September 13, 2018
7:30 – 8:30 a.m.
Continental breakfast
8:30 – 8:45 a.m.
General Session I: Welcome Back and Opening Remarks
Laura J. Hay, Global Insurance Head, KPMG International
8:45 – 9:45 a.m.
General Session II: Industry Speaker
Steve Shebik, CEO, AllState Life
9:45– 10:45 a.m.
General Session III: Discussion of the Tax Reform and the Impact on the Insurance Industry
Phil Jacobs and John Gimigliano
The 2017 tax reform bill was the first significant revamp of the US tax law in 31 years. The bill fundamentally changes the way organizations are approaching global activity. This session will focus on the business environment following tax reform, prospects for additional guidance, and implications for the insurance industry.
10:45 - 11:30 a.m.
Networking break
11:30 a.m. – 12:20 p.m.
Concurrent Session III:
IA: NAIC Reporting and Regulatory Overview
This session will cover recent statutory accounting developments, recent NAIC regulatory activity with financial reporting implications and SEC matters
IB: AI Enabled Insurer of the Future
Mike Adler
Insurers that embrace AI in combination with other enablers, will be best positioned to transform how it interacts with customers, move more towards agile product and service development, work with evolving business models, and integrate intelligent automation into it core processes and workforce. This session will focus on what an AI enabled insurer of the future will look like.
IC: Islands of Autonomy: How autonomous vehicles will emerge around the world and the insurance factor
Gary Silberg and Scott Shapiro
Across the world, a trillion-dollar market is swiftly developing around a new and disruptive transportation mode: driverless vehicles coupled with mobility services. But the embrace— the adoption of this new transportation mode—will not be immediate and everywhere. Instead it will arrive metro market by metro market in what we call “islands of autonomy.” This session will focus on "the islands of autonomy" and how insurers will require a new way of thinking, based on complex new analyses, to win in this marketplace of the future.
ID: My Money, My Life My Wallet
Deno Fischer
Understanding increasingly complex forces that influence decision making that open and close the customer wallet is critical to insurers. This session will provide KPMG’s perspective on what is driving consumer behavior broadly and highlight our findings from our global analysis, Me, My Life, My Wallet around consumer behavior, and how it relates to insurance.
12:20 – 1:15 p.m.
Lunch
1:15 – 2:05 p.m.
Concurrent Session IV:
IA: NAIC Reporting and Regulatory Overview
This session will cover recent statutory accounting developments, recent NAIC regulatory activity with financial reporting implications and SEC matters
IB: Security Transformation: Building resilience against cyber threats
In an era where we continue to hear “breaches are inevitable”, it can be difficult to know when you’re doing enough of the right things while not overspending to reach the same results. This session will explore some common communication challenges that occur between security leaders and C-level executives when evaluating Information Security effectiveness. We’ll also highlight how insurers look at cyber security through the lenses of business risk and resiliency to provide a clearer path forward.
IC: Islands of Autonomy: How autonomous vehicles will emerge around the world and the insurance factor
Gary Silberg and Scott Shapiro
Across the world, a trillion-dollar market is swiftly developing around a new and disruptive transportation mode: driverless vehicles coupled with mobility services. But the embrace— the adoption of this new transportation mode—will not be immediate and everywhere. Instead it will arrive metro market by metro market in what we call “islands of autonomy.” This session will focus on "the islands of autonomy" and how insurers will require a new way of thinking, based on complex new analyses, to win in this marketplace of the future.
ID: AI Enabled Insurer of the Future
Mike Adler
Insurers that embrace AI in combination with other enablers, will be best positioned to transform how it interacts with customers, move more towards agile product and service development, work with evolving business models, and integrate intelligent automation into it core processes and workforce. This session will focus on what an AI enabled isurer of the future will look like.
2:10 – 3:00 p.m.
Concurrent Session V:
IA: The Future of Finance
David Fourie
Most insurance companies have finance technologies that are on-premises and will be approaching end-of live in the 2020’s. Furthermore, finance organization continue to look for ways to optimize what / how they deliver their services. This, and the upcoming IFRS and GAAP accounting changes are all driving finance to relook at their technologies. Relooking at technology and leveraging the newer generation and SaaS based application can have a meaningful change and impact on finance organizations. This can help them be future ready and also provide never seen before agility and flexibility to support the business.
IB: Global Insurance M&A
Ram Menon
According to KPMG's 2018 CEO Outlook Survey, US financial services CEOs are employing a range of strategies, with strategic alliances and M&A their top priority. This session will help insurers understand the key drivers shaping M&A, strategy and innovation in the industry as well as the factors influencing the strategic deployment of capital for transformational and innovative objectives.
IC: IFRS 17
Discussion of IFRS 17, including IFRS 17 Transition Resource Group Activity
ID: Security Transformation: Building resilience against cyber threats
In an era where we continue to hear “breaches are inevitable”, it can be difficult to know when you’re doing enough of the right things while not overspending to reach the same results. This session will explore some common communication challenges that occur between security leaders and C-level executives when evaluating Information Security effectiveness. We’ll also highlight how insurers look at cyber security through the lenses of business risk and resiliency to provide a clearer path forward.
3:00 p.m.
Close