2013 Conference


CIFF 2013 Photo Gallery

Browse the CIFF 2013 agenda here or click here to download the brochure (PDF).

 Wednesday, May 22, 2013 - Metro Toronto Convention Centre, North Building, Level 100
(Click on the speakers names or photos to view their bios)

7:30 - 8:30am Registration and Breakfast
sponsored by Ernst & Young LLP

Welcome and Acknowledgements 8:30 - 8:40am

Graham Segger, CIFF Conference M.C.

Review of Industry Results and Outlook 8:40 - 9:00am

Joel Baker, President and CEO, MSA Research Inc.

For most insurers, 2012 was a decent year with good, if not outstanding, results for most lines of business amid low interest rates and economic headwinds. Growth in commercial lines continues to be elusive and catastrophe losses make writing property business in Alberta difficult. From his vantage point at MSA, Joel will share his outlook for the various industry sectors in 2013 and into 2014.

Principles Versus Rules - The Changing Face of Governance 9:00 - 10:30am

Moderator:

 

Panelists:

   
Alodie Brew  
Robert McDowell
Susan Meltzer
Philipe Sarrazin
Alodie Brew,
Partner,
PwC
 
Robert McDowell,
Partner,
Fasken Martineau
Susan Meltzer,
Vice President, Enterprise Risk Management,
Aviva Canada
Philipe Sarrazin,
Managing Director, Legislation and Policy Initiatives, OSFI

In the wake of the expected release by the Office of the Superintendent of Financial Institutions of the revised Corporate Governance guideline, we have assembled a distinguished and diverse panel to discuss the changing face of governance. Where are we on the journey towards enhanced governance? Where are the new regulations taking us? Where are we on the spectrum of rules versus principles?

As the pendulum keeps swinging, we will hear the views of both the regulators and the industry and its advisors, on this critical and topical subject.

Networking Break 10:30 - 11:00am
sponsored by Deloitte

MORNING CONCURRENT SESSIONS

Concurrent Session A
Actuarial Perspectives on the Changing Face of Governance 11:00am -12:00pm

Moderator:   Panelists:    
Claudette Cantin  
Jacque Freidland
Jim Christie
 
Claudette Cantin,
Senior VP, Client Management & Chief Actuarial Officer, Munich Re of Canada
 
Jacque Friedland,
Partner, P&C Actuarial Practice Leader,
KPMG
Jim Christie,
Vice-Chair of the Actuarial Standards Board
 

Jim Christie and Jacqueline Friedland will lead a discussion on how changes in governance are changing the actuary’s role in Canada. Jim will focus on changes in actuarial standards of practice, both Canadian and international. Jacqueline will discuss the expanding responsibilities of the actuary arising from OSFI’s expectations as well as what is likely to come from changes internationally, such as International Financial Reporting Standards (IFRS), Solvency II, and new initiatives of the International Association of Insurance Supervisors (IAIS).

Concurrent Session B
"The Big Chill" – Competition / Anti-Trust Law – Considerations in the Insurance Industry 11:00am - 12:00pm

Moderator:   Panelists:    
Jordan Solway  
Matthew Boswell
Chris Hersh
 
Jordan S. Solway,
General Counsel & Senior Vice President, Munich Reinsurance Company of Canada
 
Matthew Boswell,
Acting Senior Deputy Commissioner of Competition, Criminal Matters Branch, Competition Bureau of Canada
Chris Hersh,
Partner,
Cassels Brock & Blackwell LLP
 

Unlike in the U.S., there is no statutory preemption in Canada for the insurance or reinsurance industry in respect of anti-trust (competition) laws. Indeed, recent amendments to Canada’s federal Competition Act have materially increased the exposure to insurers, reinsurers and brokers, along with their management, for conspiracy related offences and have also highlighted the need for proactive compliance and risk management programs. This panel will address the impact of these changes and provide the different perspectives from inside the organization, its external advisors and the regulator, on how to ensure compliance and address breaches before they become material risk to the organization and its executives.

End of Morning Concurrent Sessions

Lunch 12:00 - 1:30pm
sponsored by PwC

Mark DeVolderKeynote Luncheon Speaker: Dr. Mark DeVolder - the Transition Specialist
"Surviving and Thriving during Extreme Change"

In Mark's signature keynote, leaders learn how to adapt, survive and thrive in a climate of constant change. Participants will receive essential leadership tools and a template to successfully plot a course through the storm: the turbulent times and the doldrums. Leaders will leave with a personal plan to successfully navigate change in their organization, become a leader/coach and develop employee engagement. Don't just survive; learn to thrive during Extreme Change!

A View from the Bridge - Tax Icebergs 1:30 - 2:30pm

Moderator:

 

Panelists:

   
Steve Lee  
Hemant Tilak
Mike Firth
 
Steve Lee,
Partner,
Ernst & Young LLP
 
Hemant Tilak,
Partner, Taxation,
Osler
Michael Firth,
Partner, Tax Services
PwC
 

For non-tax finance and management specialists, Hemant Tilak and Mike Firth will populate your radar screen with current tax icebergs, enabling you to steer a safe course. Navigation hazards for cross-border reinsurance and other tax perils include:

  • HST on related party transactions
  • Excise tax on premiums paid to unlicensed insurers
  • Transfer pricing compliance requirements
  • Income tax issues for foreign affiliates
  • Current developments

While you may have already noted to be aware of these icebergs, they are on the move and changing shape. There is increased CRA audit activity, and our panelists will give you practical tips on smart radio traffic.

AFTERNOON CONCURRENT SESSIONS

Concurrent Session C
Incorporating Risk Management Techniques into the Investment Process 2:40 - 3:40pm

Moderator:   Panelists:    
Peter Kinch  
Andrew Aziz
Jim Falle
 
Peter Kinch,
Partner,
Ernst & Young LLP
 
Dr. Andrew Aziz,
Head of Risk Analytics, Insurance and Buy Side Institutions, Algorithmics
Jim Falle,
EVP & CFO,
Aviva Canada
 

Low interest rates and market turmoil over the past five years has focused attention on the question of how to best understand, manage, and mitigate investment risk. One of the common criticisms of Risk Management is that it produces volumes of detailed reports, but rarely provides insight into effectively managing risk. Leading firms are establishing a consistent risk architecture across their investment portfolios and incorporating risk analytics into their investment process, allowing them to align around insights and to allocate according to a desired risk appetite. This panel will discuss how to best employ effective risk management while at the same time enhancing portfolio returns in these challenging times.

Concurrent Session D
Insurance Accounting Update - What's New for 2013 and Beyond 2:40 - 3:40pm

Moderator:   Panelists:    
Doug Gray  
Ken Anderson
Barb Addie
Chantal Leclerc
Doug Gray,
Partner,
Deloitte
 
Ken Anderson,
Vice President & Treasurer,
Intact Financial Corporation
Barb Addie,
President,
Baron Insurance Services
Chantal Leclerc,
Partner,
Deloitte

Navigating the Financial Reporting Landscape and Preparing for the Multi-year Implementation Effort

With IFRS changes on consolidations, employee benefits, financial instruments and other areas, and greater certainty for the new IFRS 4 insurance accounting rules, preparing for the multi-year implementation effort is imperative for all insurance companies.

This session will summarize what’s new for 2013 and beyond, provide important insights on the impacts of these financial reporting changes and key elements for implementation success.

End of Afternoon Concurrent Sessions

Networking Break 3:40 - 4:00pm
sponsored by KPMG

CFO Panel - Awakening the Sleeping Giants 4:00 - 5:00pm

Moderator:   Panelists:    
Graham Segger  
Mike Brisebois
Craig Pinnock
Shawn Doherty
Graham Segger  
Michael Brisebois,
VP, Finance,
TD Insurance
Craig Pinnock,
CFO,
Northbridge Financial Corporation
Shawn Doherty,
SVP, Actuarial & CFO,
Facility Association

This conversational style session will provide an opportunity for these knowledgeable CFO's to share their thoughts on a myriad of issues including those presented by current market conditions and discussed earlier in the day. The CFO’s come from varying backgrounds placing them in an excellent position to provide us with objective observations on how the industry is responding to current challenges, regulations and opportunities. This is a key panel that you will not want to miss!

Closing Remarks by Joel Baker 5:00pm

Closing Cocktail and Networking Event 5:00 - 6:00pm
sponsored by IBM

RIBO Accreditation:
We are pleased to advise that the CIFF is accredited with RIBO for continuing education credits: 6.5 hours in the Management category.