Underwriting and Loss Prevention Workshop

Thursday, November 12th, 2020
PAMIC Online

6 CE Credits available

Webinar log in details will be sent to you

when registration is complete. 

This year the Underwriting & Loss Prevention Committee has assembled an educational program for all types of PAMIC members! Easily earn CE credits from your desk while listening to a variety of topics and relevant issues in the mutual insurance industry. Members are welcome to attend at a discounted rate. Nonmembers are also welcome to attend at full price.

Register

Sponsoring PAMIC Seminars is a great way to keep your company on the forefront of the industry in an increasingly virtual world. 

.                              

Interested in being a Program Sponsor for this event?

Learn more

Event Schedule

8:25am: Log In and Welcome

8:30am - 8:30am: Welcome Remarks 

8:30am - 9:30am: Insurance Department Update

Join Mike as he gives updates from the Department's perspective. Mike will discuss P/C market conditions, what carriers can expect when rate filings are submitted,  ie, the response to proposed increases if needed, and the balance between carrier solvency and consumer advocacy during these challenging economic times.

9:30am - 9:45am: Mid-morning break

9:45am - 10:45am: Recruiting Talent to Your Small-Mid Sized Mutual 

Many colleges and universities offer undergraduate and graduate degrees in risk management, insurance and actuarial science.  The curriculum is often times combined with a business school.   Temple University is one such institution wherein there are over 800 undergraduate students are combining their interests in business with an RMI/AS focus.   In order to overcome the impending talent gap, insurers should create and constantly execute a plan to recruit and hire from institutions such as Temple.  This session will involve a panel providing perspective from the carrier, student and faculty points of view.  Ultimately those attending this session will learn more about what is offered at Temple by way of RMI/ActSci education and the commitment a multitude of students have made to join the industry.  

10:45am - 11:00pm: Break

11:00am - 12:00pm: Cyber Threats and Solutions – What You Need to Know About This Ever-Evolving Risk

During this session you will learn about the latest cyber threats and how hackers are using more sophisticated methods to access your systems and data. This will include a discussion of the unique risks associated with the sudden increase of employees working from home. You will also get some simple, practical advice on how to mitigate some of these risks. Finally, we will discuss the role of cyber insurance and how that coverage is evolving to help transfer the costs arising from a cyber event.

12:00pm - 1:00pm: Lunch

1:00pm - 2:00pm: What Drives Hard & Soft Underwriting Cycles?

• Kevin Finn, President & CEO, Mutual Capital Analytics

The insurance industry has some of the most pronounced cycles of financial performance.  These peaks and valleys are consistent over time and can be avoided, and yet, history continues to repeat itself.  The hard market of 2020 is a reminder of this roller coaster!  During this interactive session, you will learn about the causes of these cycles, the impact they have on policyholders and carriers and how Mutual companies can take advantage of this disruption to be even more successful.

2:00pm - 2:15pm: Afternoon Break

2:15pm - 3:15pm: COVID & Comp:

Just less than a year ago, COVID-19 wasn’t even part of our vocabulary.  Now it permeates every subject every day, including claim handling and litigation.  This session will provide firsthand perspectives as to the foreseen and unforeseen impacts of COVID-19 on everyday claim handling, underwriting, and the litigation of worker’s compensation claims.  The discussion will also include a brief update as to proposed legislative efforts and recent court cases relating to COVID-19.

3:15pm - 3:30pm: Break

3:30pm - 4:30pm: Digital Investments For Both Agents & Policyholders 

• Panelist: Jessica Butler, Chief Operations Officer, Mutual Capital Analytics
• Panelist: Chris Gearhart, Director, Information Technology, Millville Mutual Insurance Company

The expectations that both independent agents and policyholders have of their carriers’ digital capabilities have been increasing dramatically over the last few years.  The experiences that are now available in every other consumer interaction are now expected from insurance companies.  Come to learn how carriers are transforming their ease of doing business with agents as well as understand the investment Millville Mutual is making in digital capabilities for their policyholders. 

4:30pm: Adjournment

Pricing:

Member rates:

Non-member rates:

Program Sponsors

Questions?

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