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PAMIC MEMBERSHIP PORTAL

2020 Financial Management Virtual 2-Day Seminar

  • September 09, 2020
  • 10:00 AM
  • September 10, 2020
  • 3:15 PM
  • Virtual Event

Registration

(depends on selected options)

Base fee:
  • Please choose the sessions you wish to attend on the next page.
  • Please choose the sessions you wish to attend on the next page.
  • Platinum Sponsors receive two complimentary registrations for all seminars. Please contact Lora Sharp at lsharp@pamic.org for this coupon code.

Registration is closed


Financial Management Seminar:

2-Day Virtual Event
September 9th-10th, 2020   

Join PAMIC this year for the annual Financial Management Seminar! On September 9th-10th, the Financial Management Committee is hosting a 2-part virtual educational experience. Earn CE and CPE credits while attending sessions from your desk. Content will cover M&A Activity in the industry, an investment market update, a 2-part session on Cyber/InsureTech, a Reinsurance Market Update, and more!

 8 CE/CPE credits available!
Webinar login details will be sent to you
after registration is complete.

Interested in sponsoring this virtual education event?

Click here Session Details

Wednesday September 9th:

10:00am -11:00am: PA Insurance Department Update 

Melissa Greiner, Director, Pennsylvania Insurance Department, Bureau of Financial Examinations

Join Melissa as she gives an update on the P/C Industry, COVID-19,  the Insurance Department, legislation, CGAD, and more.

11:00am - 11:15am: Break

11:15am - 12:15pm: Current Insurance M&A Market Update 

Tony Latini, Managing Director, Boenning & Scattergood

After almost a decade of strong M&A activity and generally good industry-wide results, COVID-19 and early CAT losses have begun to create challenges for the P/C sector.  What does this mean for M&A among small and medium sized insurance companies, and how COVID affect this part of a company’s strategic outlook?  What can PAMIC members do to position themselves to utilize M&A as a growth strategy? This presentation will address those topics and provide:

  • an update on M&A in the industry;
  • an update on key trends driving activity and what has changed in 2020; and,
  • an outlook on potential future issues affecting M&A for the P/C industry.

12:15pm - 1:00pm: Lunch Break

1:00pm - 2:00pm: Technology and COVID Roundtable

Facilitator: Phil Schmoyer, Senior Manager, Baker Tilly

Panelist: Simon Oddy, Partner, Baker Tilly

Panelist: Britta Schatz, CIO, Penn National Insurance 

Panelist: Bill Connors, President, Formotiv


This panel discussion will focus on changes and impacts resulting from COVID-19 on various technology topics within insurance businesses. Topics will include but not be limited to; remote working arrangements, information/data security in the age of remote working, digital transformation, consumer behavior, data analytics, robotics/automation, and other emerging topics in the industry.


2:00pm - 2:15pm: Break

2:15pm - 3:15pm: Data Security Overview and Emerging Regulatory Updates

Phil Schmoyer, Senior Manager, Baker Tilly

The session will provide an update on trends in data security, as well as an overview of current status of cyber regulations (e.g. NAIC Data Security Model Act, NYSDFS) and lessons learned from State Cybersecurity regulatory examinations.


Thursday September 10th:

10:00am - 11:00am: Reinsurance Market Update

Rick Hartmann, ARe, Vice President, Guy Carpenter

Rick will provide an overview of the global reinsurance market from both a pricing and terms and conditions perspective ahead of the January 1, 2021 reinsurance renewal. He will highlight how the COVID-19 pandemic has compounded pre-existing market characteristics including shifting risk appetites, reduced capital inflows, constrained retrocession capacity and deteriorating loss experience. Despite operating in a highly uncertain environment, reinsurance, when deployed strategically, can help insurers reduce capital requirements, improve solvency, minimize earnings volatility and pursue profitable growth.

11:00am - 11:15am: Break

11:15am - 12:15pm: 2020 Investment Outlook during the U.S. Election and Coronavirus Pandemic

John Schaefer, CFA, President & Chief Executive Officer, AAM-Insurance Investment Management

In his presentation, Chief Executive Officer John Schaefer will outline the AAM’s outlook for the capital markets during this unprecedented time. With a lingering global pandemic impacting economies around the world, capital markets have been rebounded significantly due to changing perceptions of the various fiscal and monetary policies implemented by central banks and local governments. As the US Presidential Election approaches, learn which factors that will have the most  impact to asset valuation on insurers’ balance sheets over the coming quarters.

12:15pm - 1:00pm: Lunch Break

1:00pm - 2:00pm: Litigation and Business Interruption Update

Scott Rybny, Chair Insurance Coverage & Extra-Contractual Liability Group, Morgan & Akins, PLLC

The nation and the world continues to grapple with (and predict) the potential impact of Covid-19. Everyone from small businesses, to state and federal governments, and insurance regulators is looking at the insurance marketplace as insurers and re-insurers deal with the unprecedented disruption of normal business operations stemming from forced government shutdowns. In comparison to the non-stop focus on the business interruption litigations, relatively few have discussed the other ways in which Covid-19 impacted insurers. From claims, to underwriting, employers, and investment managers every business sector of insurers is facing its own distinct challenges.

In this presentation, attendees will receive not only an update on the current state of the Covid-19 business interruption litigation (including the potential financial fallout) and also how those actions may impact the actions of Pennsylvania legislators, insurance regulators, and insurers for years to come.  

2:00pm - 2:15pm: Break

2:15pm - 3:15pm: Annual Statement Update

Steve Merrill, Senior Manager, BSSF
Jeffrey Clippinger, Senior Manager, BSSF 

Learn about recently enacted changes to the 2020 Annual Statement and other current statutory accounting issues.

Pricing

Member rates:

  • Wednesday a.m. sessions: $40
  • Wednesday p.m. sessions: $40
  • Wednesday all day: $80
  • Thursday a.m. sessions: $40
  • Thursday p.m. sessions: $40
  • Thursday p.m. sessions: $80
  • Full Conference Rate (both days): $120 (25% discount!)


Non member rates:
  • Wednesday a.m. sessions: $50
  • Wednesday p.m. sessions: $50
  • Wednesday all day: $100
  • Thursday a.m. sessions: $50
  • Thursday p.m. sessions: $50
  • Thursday all day: $100
  • Full Conference rate (both days): $160


Flex Sponsors

 
  

Program Sponsors

  

Questions?

Contact our Director of Events and Education, Andrea Stroble at astroble@pamic.org or call 717-303-0197.


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