2015 Conference


 Wednesday, May 27, 2015 - Metro Toronto Convention Centre, North Building, Level 100
(Click on the speakers names or photos to view their bios)

CIFF 2015 is Accredited by RIBO.
5.5 hours Management

7:30 - 8:30am Registration and Breakfast
sponsored by EY

Welcome and Acknowledgements 8:30 - 8:40am

Graham Segger
CIFF Conference Emcee

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

   

2014 was not a particularly transformational year for the Canadian insurance industry. Though several longer term, slow moving trends continued and continue to work their way through the system - including developments on the auto front, property and cat losses, as well as at time of writing, continued mushy commercial and reinsurance markets amid low interest rates. From his view at MSA , Joel will share his outlook on these and other issues as we move towards 2016.


Joel Baker
President and CEO,
MSA Research Inc.

Global Economic Outlook 9:00 - 9:40am

   

From his vantage point as deputy chief economist of TD Bank Group, Derek Burleton will provide an analysis of Canadian economic conditions in a volatile global environment. Mr. Burleton will also address the interest rate environment that is putting significant pressure on insurers and reinsurers here and around the world.


Derek Burleton
VP & Deputy Chief Economist,
TD Bank Group

Transforming Canada's Capital Markets 9:40 - 10:15am

   

There is a profound lack of confidence in current exchanges, trading platforms and the equities market in general. To restore investor confidence underlying market issues relating to fairness, liquidity and transparency must be addressed. Join Jos as he outlines how Aequitas is building an exchange of the future which addresses these issues. The Aequitas NEO Exchange is designed to put investors, capital raising companies and bona-fide dealers first.


Jos Schmitt
President & CEO,
Aequitas NEO Exchange Inc.

Networking Break 10:15 - 10:40am
sponsored by Deloitte

Emerging Privacy and Data Risk Management Challenges 10:40 - 11:25am


 
   

 
 

 
Adam Kardash
Partner, Privacy & Information Management,
Osler, Hoskin & Harcourt

Jennifer Drost
Chief Compliance Officer & Senior Counsel Canada,
Travelers Canada
 

This session will explore the expanding array of privacy and related risks associated with the management of data (including personal information). The panellists will provide an overview of key guidance and regulatory decisions, as well as practical steps organizations are taking to implement a framework to address these challenges.

Capital Management and Strategy 11:30am - 12:30pm

Moderator:


Panelists:

   

 

 
Alodie Brew
Partner,
PwC

 
Walter Fransen
Chief Actuary,
AIG Canada
Micah Woolstenhulme
SVP ERM Advisory
Guy Carpenter
 

Who is smarter with their capital ? Personal Lines carriers or Commercial Lines? Primary carriers or Reinsurers? Canadian companies or foreign based companies? And what does capital strategy really mean? Are there times when a higher ROE is not necessarily a sign of a better managed company? It may depend on what companies do with their excess capital, if they have any. This very stimulating panel will explore these issues in some depth. Time will be allotted for Q&A.



Lunch 12:30 - 1:20pm
sponsored by PwC

EARLY AFTERNOON CONCURRENT SESSIONS
1:30 - 2:20pm

Concurrent Session A

The Canadian Reinsurance Arena

Moderator:   Panelists:    
 

 
Stuart Carruthers
Partner,
Stikeman Elliott
 
Joseph El-Sayegh

SVP,
SCOR Canada Reinsurance Company

Alain Perreault
EVP,
JLT Re
Philipp Wassenberg
President & CEO,
Munich Re of Canada

The Canadian reinsurance sector came off relatively unscathed in 2014 and without much in the way of grounds for rate increases despite the longer term trend of elevated risk and rock bottom interest rates. Join this panel of industry leaders to find out what they see as they and we head into the second half of the year and the prospects for the Jan 1, 2016 renewal season. Audience Q&A will be encouraged.

Concurrent Session B

IFRS Version 30.x - Re-Reboot

Moderator:   Panelists:    
 



Doug Gray
Partner,
Deloitte
 
Michel Dionne
VP and Appointed Actuary,
Intact Financial Corp.
Carlos Gallardo
SVP, Finance & Operations,
CNA Canada
Ratan Ralliaram
Partner,
Deloitte


It has been over twenty years and the P&C insurance industry continues to inch closer to the IFRS 4 final valuation standard for insurance contracts. This is the right time to recharge your batteries and get prepared! While the standard is expected to become effective in 2019, companies will need to make major adjustments to systems and also consider the likely impacts on items such as regulatory capital, enterprise risk, performance management, internal controls, and others in order to comply with the new requirements and recent regulatory initiatives. Successful companies will be those that are able to effectively anticipate and integrate the new requirements with those from other new IFRS standards, such as IFRS 9, rather than adopting them separately. During this session, our experts will share their perspectives and insights with you, including the need for further education to boards and management, and considerations of potential tax effects and changes required to CEO/CFO certification. This is a session that you do not want to miss.


LATE AFTERNOON CONCURRENT SESSIONS
2:30 - 3:30pm

Concurrent Session A

Actuaries, CPA's & Quants - Finance Talent of the Future

Moderator: Panelists:    


 
Steve Lee
Partner,
EY
Alister Campbell
CEO,
The Guarantee
Helen Davies
VP, Human Resources,
TD Insurance
Carol Wilding
President & CEO,
Chartered Professional Accountants of Ontario 


The insurance industry is facing significant challenges in recent years from increased regulation, global competitions, complex technical environments, and more frequent natural disasters. However, the most critical issue facing the industry is the pending talent gap. As the current workforce shifts towards retirement, many companies risk losing vital institutional knowledge and long established relationships. These panelists will discuss what will be needed to attract and retain the right talents to lead the industry into the future.


Concurrent Session B

ORSA in the Wild - Real World ORSA
Operationalizing, Learnings and Benefits

Moderator:   Panelists:    

 


Neil Parkinson
Partner, National Insurance Sector Leader, KPMG

 
Ed Berko
SVP & CRO,
Economical Insurance
Bill Weiland
Principal,
Eckler Ltd.


Insurers completed their first ORSAs in 2014, but that is just the beginning. What was learned from the process, and will it change risk management and oversight for the better? Are insurers finding that it is possible embed ORSA into their management and oversight processes, or is duplication unavoidable? Most importantly, is ORSA resulting in a better understanding of risk and capital needs?


End of Afternoon Concurrent Sessions

Networking Break 3:30 - 4:00pm
sponsored by KPMG

Closing Financial Leaders Panel 4:00 - 5:00pm

Moderator:   Panelists:    
 

Graham Segger  
Ed Berko
SVP & CRO,
  Economical Insurance Group
Walter Fransen
Chief Actuary,
AIG Canada
Richard Gauthier
SVP & CRO,
TD Insurance

This conversational style session will provide an opportunity for these knowledgeable financial leaders to share their thoughts on a myriad of issues including those presented by current market conditions and discussed earlier in the day. They 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 5:00pm

Closing Cocktail and Networking Event 5:00 - 6:00pm
Sponsored by ClearPay

RIBO Accreditation:
We are pleased to advise that the CIFF is accredited by RIBO for 5.5 hours Management