The Only Event Dedicated to Convening Cross-Enterprise Insurance Executives to Navigate and Optimize the ORSA Process

InsightsfromtheNAIC about ORSA • JohnHuff,Director,Missouri Department of Insurance,

Financial Institutions and Professional Registration,ChairMidwestZone,NAIC,Chair, NAIC Solvency Modernization Initiative Task Force

• DanDaveline,Assistant Director, Financial Analysis, NAIC • DannySaenz,Deputy Commissioner,Texas Department

of Insurance,andChair, ORSA Committee, NAIC • BillHarrington, Chief Examiner, Office of Risk Assessment,

Ohio Department of Insurance

Discoverbest practicesfromoverteninsurancecompaniesandrisk management thought leaders

Gaininsights from companies participatingintheORSApilotprogram

DigintoERMandSRM tacticsbyengagingcompanywideexecutives and risk officers

Exploretheconvergenceofquantitative and qualitative risk management

WHyyOu

MuSTBETHERE

7+Networkingopportunitiestoexplore risk mitigation solutions overlunch,coffee,andcocktailswithyour peers and risk experts

Intimateroundtable discussionswithriskthoughtleaders

LEARNWHATyOuR

PEERSAREDOING

Insurance Industry Forum:

December 10 - 11th, 2013 • Hyatt Regency Boston • Boston, MA

InsuranceIndustryForum.com

IMPROVE yOuR cOMPAny’s PERfORMAncE tHROugH cOMPlIAncE AnD HOlIstIc RIsk MAnAgEMEnt

Sean RingstedChiefRiskOfficerACE American Insurance Company

David Maberry ChiefRiskOfficerAmerican Fidelity Assurance Company

Carol Siegfried ChiefRiskOfficerFarmers and Latin America

MarqueeSponsor:

SELECTEDSPEAKERS:

AssociateSponsor:

InterviewwiththeNAIC

BestpracticesfromthepilotORSAprogram

Creatingeffectivecentralizedleadership

HowcanORSAbestbringvaluetoyourcompany

StrategizingassetallocationinanORSAworld

OhioDepartmentofInsurance

TexasDepartmentofInsurance

NAIC FederalReserveofBoston TIAA-CREF GuardianLifeInsurance Allianz StateFarm ACEAmericanInsurance MassMutualFinancialGroup

FarmersInsurance SCOR AmericanFidelityInsurance WoltersKluwer Deloitte StamfordRiskAnalysis NelsonLevinedeLuca

&Hamilton KPMG ZurichInsuranceGroup QRM

RadianGroup Highmark MissouriDepartment

ofInsurance,FinancialInstitutionsandProfessionalRegistration

NAICSolvencyModernizationInitiativeTaskForce

Marsh&McLennanCompanies

Ernst&young

Key SeSSionS

ParticiPating organizationS

CALL:888.670.8200uSor+1.941.554.3500Int’l•EMAIL:register@iirusa.com

IMPROVE yOuR cOMPAny’s PERfORMAncE tHROugH cOMPlIAncE AnD HOlIstIc RIsk MAnAgEMEnt

Insurance Industry Forum:

ThankyoutoOur2013Partners

MARQuEESPONSOR

Wolters Kluwer Financial Servicesisatrustedproviderofriskmanagementandregulatorycompliancesolutionsforinsurance,banking,andsecurities.Webringtogethersomeoftheindustry’smostreliablebrandstohelporganizationsaddresscompliancerequirements,reduce

risk,andoperatemoreefficiently.Tolearnmore,pleasevisitwww.WoltersKluwerFS.com.

MEDIAPARTNERS

Limited Sponsorship Opportunities Available: Ifyouareinterestedinsponsoringthisyear’sevent,pleasecontactMelissa Ashleyat +1 212.661.2015 ormashley@iirusa.com.

Media Partner Information: IfyouareinterestedincollaboratingasaMediaPartner,pleasecontactJeneane Zeleznak at+1 646.616.7648 orjzeleznak@iirusa.com.

Quantitative Risk Management (QRM)istheworld’sleadingenterpriseriskmanagementconsultingfirm.QRMdevelopsindustry-leadingriskmanagementprinciples,practices,andmodels,andprovidesclientswiththeadvice,knowledge,andtoolsnecessarytoadoptthoseinnovations.Forover25years,QRMhaspartneredwithclientstoenhancetheir

abilitytomeasurerisk,identifyprofitableopportunities,makesoundfinancialdecisions,andultimatelyincreasetheirrisk-adjustedreturns.WithofficesinChicago,London,andSingapore,QRMhasestablishedover250long-termengagementswithtopfinancialinstitutionsfromthebanking,finance,andinsuranceindustriesworldwide.www.qrm.com.

ASSOCIATESPONSOR

DAy1| tUeSDay| DECEMBER108:15 Breakfast&Registration

9:00 Interview With The NAIC ORSAisuncharteredterritoryforuSregulators,too.ListeninonaNAICrepresentative’sview

onwhytheORSAhasbeenadoptedintheuSandhowit’sexpectedtoimpacttheuSsolvencyframework.

JohnHuff,Director,Missouri Department of Insurance, Financial Institutions and Professional Registration,Chair Midwest Zone, NAIC,Chair,NAIC Solvency Modernization Initiative Task Force

9:30 Proactive For 2015: Forward Focus In Preparing ORSA Thetimetoprepareisnow,butwheredoestheindustrystandonORSAandwhatwillbe

donewiththisinformation?Panelistsdiscussbestpractices,currentbenchmarksforORSA,andwhat’snextintheevolutionofORSA.

HowardMills,Chief Advisor Insurance Industry Group, Deloitte LLPSeanRingsted,Chief Risk Officer, ACE American Insurance Company

10:15 Letter From Abroad: Lessons Learned From Solvency II• WhatbestpracticescanbelearnedfromSolvencyII• Howbesttoengagewithregulatorsfromexperience• ORSAintheperspectiveofSMIModerator:MikeMacDonagh,Content Director, Enterprise Risk Management, Wolters KluwerLawrenceMirel, Partner, Nelson Levine de Luca & HamiltonCarlGroth,Managing Director, Insurance Risk Advisory, KPMGKathyDonovan,Senior Compliance Counsel, Wolters Kluwer

11:00 Coffee&Networking

11:30 Engaging Your State Regulator: Questions You Should Be Asking TomakeyourORSAaseffectiveandencompassingaspossible,youneedtobesureyou

knowwhatyourregulatorexpects;hearfromstateregulatorsonhowtomakethemostofyourengagementwiththem.

BillHarrington,Chief Examiner, Office of Risk Assessment, Ohio Department of InsuranceChristinaurias,former Director, Arizona Department of InsuranceTomBotsko,Actuary, Ohio Department of Insurance

12:15 Best Practices From The Pilot ORSA Program WhobettertolearnfromaboutORSAthanfromtheChairoftheORSACommitteeandthe

NAIC?AcloserlookattheORSApilotprogramprocessandwhatyoucanexpectfromtheresults.

DannySaenz,Deputy Commissioner,Texas Department of Insurance and Chair, ORSA Committee, NAICDanDaveline,Assistant Director, Financial Analysis, NAIC

12:45 Lunch

ORSASection1:Risk Management Framework

1:45 Creating Tools To Effectively Implement ORSA• Convergenceofoperationalriskareas• Implementingapracticalriskassessmentandmanagementframework• CreatingahigherlevelofefficiencyandcapabilityMarcSokol,Corporate Chief Security Officer and Head of Operational Risk Management, Guardian Life Insurance

InsuranceIndustryForum.com

CALL:888.670.8200uSor+1.941.554.3500Int’l•EMAIL:register@iirusa.com

©2013InstituteforInternationalResearch,Inc.Allrightsreserved

2:30 Breaking Down Silos: Cross-Enterprise Communication & Collaboration AstrongORSAreportrequirescompaniestobreakdownthesilowallsandfordepartment

headstospeakwitheachother,butalsotocommunicateriskculturedowntotheindividual.Collaborationisnotalwayseasy—panelistsexplorestrategiestocommunicateacrossthecompanytoachieveasolidholisticriskassessment.

Moderator:MaryPeter,Director of Enterprise Risk Management, Eide Bailly LLPJaeA.Junkunc,Vice President and Head of Strategic Risk Management, MassMutual Financial GroupJustinSchnell, Director, Risk Management, Highmark

3:15 Coffee&Networking

3:45 Establishing Business Processes To Leverage Insurance Organizations’ Risk Platforms In Order To Meet ORSA Requirements• usingtechnologytoreport&assessriskinacomprehensiveway• Identifyinglimits,triggers&thresholdstomanagingrisk• Thefunctionalityofquantitativerequirementsinsyncwithqualitativeobjectives• WhatshouldleadershipqualificationsbePaulS.DeCrane,Managing Director,QRM

4:30 Reporting Lines Of The Risk Officer• Avoidingconflictsofinterest• Communicatingwithseniorstaff• Whatflagsaretherightonestoraise?CarlGroth,Managing Director, Insurance Risk Advisory,KPMGCathyWallace,Chief Risk Officer, State Farm

5:00 Getting Your Board Involved HowcanyoudevelopastrongrelationshipwiththeBoard?Whoownstherisk,and

howcantheBoardbemoreactiveinassessmentandmitigation?

GregorySerio,Member, Board of Directors,Radian Group and Former NY Superintendent Insurance

5:45 Drinks&Networking

DAy2| WeDneSDay| DECEMBER118:30 Breakfast

9:00 Determining Overall Risk Appetite• Betterunderstandingyourrisks• Howmuchexposurecanyourcompanyhandle?• HowtorealisticallyutilizethisinformationDaveSandberg, Corporate Actuary, Allianz

9:45 How Can ORSA Process Best Bring Value to Your Company?• Remainingprofitableinaregulatoryenvironment• utilizingERMtoimproveriskmanagementefficacy,operations,andcapitalallocation• Incorporatingholisticriskmanagementintoyourbusinessplan• Developingagoodrisk/rewardstrategyTilSchuermann,Partner, Oliver WymanMichelDacorogna,Group Deputy CRO, SCOR

InsuranceIndustryForum.com

ORSASection2:Assessment of Risk Exposures

10:30 Prioritizing Risks In The ERM Process• Whataresomeofthekeyrisksandmateriality• usinganalyticstodriveriskresponsivenessandprioritization• 100+emergingrisks—butwhichoneswillkillyouDavidMaberry,Chief Risk Officer, American Fidelity Assurance CompanyBillSpinard,Executive Director, Financial Services, Ernst & Young

11:15 CoffeeandNetworking

11:30 Latest Techniques In Risk Assessment For Operational/Enterprise Risk Management Hownewriskassessmenttechniquesarechangingtheriskmanagementparadigmandhow

usingsuchtechniquesisintegraltoORSApreparationandimplementation.

AliSamad-Khan,President, Stamford Risk Analytics

12:00 Quantifying Operational Risk• Overviewofwhatotherinstitutionsaredoinginquantifyingrisk• Someofthechallengesandbestpracticesolutions• usinginternaldata,externaldata,andscenarioanalysisPatrickdeFontnouvelle, VP of Risk and Policy Analysis, Federal Reserve of Boston

12:30 Lunch

1:30 ORSA and Your Product Mix• Whatarerisksintheproductstream?• HowtobestcommunicateandreportMattHalperin,Senior Managing Director, Product and Strategy Risk, TIAA-CREF

2:15 Assessing Cyber Exposure: Bringing All Parties To The Table Agrowingconcernforallindustries,butespeciallyforfinancialinstitutions,cyberexposure

cannotbemissedinyourriskassessmentoryourORSAreport.Panelistsoffertheirvaryingperspectivesonhowtoassessexposure,whoshouldbeinvolved,andhowtorespondeffectively.

BobParisi,Cyber and Technology Product Lead, Marsh & McLennan CompaniesBradHoffman,Operational Risk Officer, MassMutual Financial Group

ORSASection3:Group Risk Capital and Prospective Solvency Assessment3:00 Coffee&Networking

3:15 Best Practices in Insurance Stress Testing• Riskidentificationandassessment• Macrov.Micro-prudentialapproaches• CapitaladequacyandliquidityDr.Andreas(Andy)Jobst,Chief Economist, Bermuda Monetary Authority

4:00 ORSA: Going Global• GovernmentandIndustryregulationsonanInternationalbasis• AviewfromtheIAIS(InternationalAssociationofInsuranceSupervisors)• WhatORSAmeansforInternationallyactivefirmsAlessandroA.Iuppa,Senior Policy Advisor on Global Affairs, Zurich Insurance Group

4:45 Benchmarking Your Risk Framework• HowdoesthesizeofthecompanyaffectORSA• Whoneedstobeinvolvedinthebenchmarkingprocess• Whatmakesagreatriskmanagementteam• Whatshouldleadershipqualificationsbe

CarolSiegfried,Chief Risk Officer, Farmers and Latin America

5:30 ConferenceAdjourns u2449

Inst

itute

forI

nter

natio

nalR

esea

rch

708

Third

Ave

nue,

4th

Flo

orN

ewy

ork,

Ny

1001

7-41

03

u2449

PRSR

TST

Du.

S.P

osta

gePA

IDIIR

CAL

L 88

8.67

0.82

00 U

Sor

+1.

941.

554.

3500

Int’l

EM

AIL

regi

ster

@iir

usa.

com

WEB

w

ww

.Insu

ranc

eInd

ustr

yFor

um.c

om

3 EAS

Y WAY

S TO

REGIS

TER

GRO

UP

DIS

CO

UN

TS A

VAIL

ABLE

: Ple

ase

cont

act

Mik

eM

oria

rtya

t+1

646.

895.

7412

ford

etai

ls.N

otw

odi

scou

ntsc

anb

eco

mbi

ned.

FEE:

The

stan

dard

fee

fora

ttend

ing

IIR’s

Insu

ranc

e In

dust

ry F

orum

: ORS

A 20

13is

out

lined

on

the

regi

stra

tion

form

.Thi

sinc

lude

sthe

lunc

heon

sand

re

fresh

men

ts,a

ndth

eco

nfer

ence

doc

umen

tatio

nan

dm

ater

ials

subm

itted

by

the

spea

kers

.you

may

enc

lose

pa

ymen

twith

you

rreg

istra

tion

orw

ew

illse

nda

nin

voic

e.P

aym

enti

sdue

with

in3

0da

yso

freg

iste

ring.

If

regi

ster

ing

with

in3

0da

yso

fthe

eve

nt,p

aym

enti

sdu

eim

med

iate

ly.P

aym

ents

can

be

mad

eby

che

ck,

Visa

,Mas

terC

ard,

Dis

cove

r,D

iner

sClu

bor

Am

eric

an

Expr

ess.

Ple

ase

mak

eal

lche

cksp

ayab

leto

the

“Ins

titut

e fo

r Int

erna

tiona

l Res

earc

h, In

c.”a

ndw

rite

the

nam

eof

the

dele

gate

(s)o

nth

efa

ceo

fthe

che

ck,

asw

ella

sour

refe

renc

eco

de:U

2449

.Ifp

aym

enth

as

notb

een

rece

ived

prio

rto

regi

stra

tion

the

mor

ning

of

the

conf

eren

ce,a

cre

ditc

ard

hold

will

be

requ

ired.

DAT

ES: D

ecem

ber1

0th

&11

th,2

013

VEN

UE:

Hya

ttRe

genc

yBo

ston

O

neA

venu

ede

Laf

ayet

te

Bost

on,M

A02

111

BOO

K YO

UR

ROO

M:T

obo

oky

ourh

otel

stay

,co

ntac

tthe

hot

eld

irect

lyb

yca

lling

the

rese

rvat

ions

de

partm

enta

t888

.421

.144

2an

das

kfo

rthe

“I

nsur

ance

Indu

stry

For

um: O

RSA”

rate

.Dis

coun

ted

room

rate

sof$

169

(plu

stax

)will

be

avai

labl

eun

til

Nov

embe

r18t

h,2

013

orw

hen

sold

out

.Res

erva

tion

requ

ests

rece

ived

afte

rthi

sdat

ew

illb

eac

cept

edo

na

spac

ean

dra

tea

vaila

bilit

yba

sis.

CAN

CEL

LATI

ON

PO

LIC

Y:F

orin

form

atio

non

IIR’

sca

ncel

atio

nan

dsu

bstit

utio

npo

licy

plea

sevi

sitw

ww

.iir

usa.

com

/ins

uran

cein

dust

ryfo

rum

DO

CU

MEN

TATI

ON

ORD

ER: I

fyou

are

una

ble

toa

ttend

th

epr

ogra

m,o

rwou

ldsi

mpl

ylik

eto

ord

era

dditi

onal

se

tso

fdoc

umen

tatio

nfo

ryou

rcol

leag

ues,

they

are

av

aila

ble

for$

395

pers

et,in

clud

ing

taxe

s,p

osta

ge

and

ship

ping

inth

eu.

S.P

leas

eca

ll888

.670

.820

0.

The

docu

men

tatio

nis

ava

ilabl

etw

ow

eeks

afte

rthe

co

nfer

ence

take

spla

ce.C

RED

ITC

ARD

PAy

MEN

TO

NLy

. AU

XILI

ARY

AID

: Any

dis

able

din

divi

dual

des

iring

an

aux

iliar

yai

dfo

rthi

scon

fere

nce

shou

ldn

otify

IIR

atl

east

3w

eeks

prio

rto

the

conf

eren

cein

writ

ing

by

faxi

ng+

121

2.66

1.60

45.

CO

MPL

AIN

T RE

SOLU

TIO

N P

OLI

CY:

For

mor

ein

form

atio

nre

gard

ing

adm

inis

trativ

epo

licie

ssuc

has

co

mpl

aint

and

refu

nd,p

leas

eco

ntac

tour

offi

cesa

t88

8.67

0.82

00o

r+1

941.

554.

3500

.IN

CO

RREC

T M

AILI

NG

INFO

RMAT

ION

: Ify

oua

re

rece

ivin

gm

ultip

lem

ailin

gs,h

ave

upda

ted

info

rmat

ion

orw

ould

like

tob

ere

mov

edfr

omo

urd

atab

ase,

pl

ease

fax

+14

19.7

81.6

036.

Ple

ase

keep

inm

ind

that

am

endm

ents

can

take

up

to6

wee

ks.

Insu

ranc

e In

dust

ry F

orum

: ORS

A Pr

icin

g

Regi

ster

by

Oct

.11,

201

3Re

gist

erb

y

Nov

.08,

201

3St

anda

rdR

ate

orA

fter

Nov

.08,

201

3C

onfe

renc

eRa

te$2

,595

$2

,795

$2

,995

Insu

ran

ce

In

du

stry

Fo

rum

: