AGENDA

11:30 am - 5:30 pm

Insurance Legends’ Golf Classic

(Awards Reception immediately following tournament)

4:30 pm - 6:00 pm

Registration

6:00 pm - 7:30 pm

Reception

Monday, March 5

7:00 am - 5:00 pm

Registration

7:15 am - 8:15 am

Breakfast

8:15 am - 8:45 am

Welcome and Opening Remarks

Bill Press, Master of Ceremonies

State of the Industry Address

Dirk Kempthorne, President & Chief Executive Officer, ACLI

9:00 am - 10:30 am

General Session

Crossfire: a Country at a Critical Crossroads

For almost 25 years, one of the leading political talk shows in America, Crossfire combined in-depth discussion of current events and issues with just enough conflict added to spur arguments onward.  Reconnect with former Crossfire co-hosts Pat Buchanan and Bill Press as they lead a debate on the impact of past events, the wisdom of current activities, and the proper courses of action for the future – a country at a critical crossroads!

Panel introduced by Mel Young, Executive Vice President & Vice Chairman, RGA

Speakers: Bill Press, Radio Talk Show Host, The Bill Press Show; Pat Buchanan, Analyst and Author of Suicide of a Superpower: Will America Survive to 2025?; Marc Germain, Radio Talk Show Host, The Marc Germain Show, TalkRadioOne.com; Heidi Harris, Radio Talk Show Host, The Heidi Harris Show, KDWN

10:30 am - 11:00 am

Refreshment Break

11:00 am – 12:30 pm

General Session

Direct Company CEO Update: Managing Outside Interference

State regulation. NAIC. Federal ovarlay. Boards of Directors.  Globalization.  Rating agencies.  Financial/economic environment.  These are all external influences affecting the management strategies of life insurance companies.  Please join leading industry executives as they share insight about how they are navigating these issues and charting a future course for their companies.

Moderator: Brad Smith, Chairman, Milliman
Speakers: Claude Accum, Executive Vice President, Actuarial & Risk Management, Sun Life Financial; Gary "Doc" Huffman, President & Chief Executive Officer, The Ohio National Life Insurance Company; Johnny Johns, Chairman, President & Chief Executive Officer, Protective Life Corporation; Tom Marra, President & Chief Executive Officer, Symetra Life Insurance Company

12:30 pm - 1:30 pm

Networking Luncheon

1:45 pm – 3:00 pm

Concurrent Sessions

• Underwriting: Anticipating and Mitigating Infectious Disease
  Even with medical improvements contributing to longer life, there still exists strains of some bacteria and virus infections escaping so-called super drugs.  Attendees at this session will hear a medical expert discuss the following:

• How globalization is rapidly transforming our view of infectious diseases.
• How emerging global infectious diseases threaten the insurance industry.
• How innovative solutions and emerging technologies can help decision-makers better anticipate and predict the health and economic consequences of infectious diseases in an increasingly interconnected world.

Speaker: Dr. Kamran Khan, Associate Professor, Department of Medicine, Division of Infectious Diseases, Department of HealthY Policy, Management & Evaluation, University of Toronto


• Regulatory and Legislative Update
  

  ACLI senior staff will discuss political, regulatory and legislative developments at the state and federal levels with a particular emphasis on proposals having significant implications for insurers.

  
  Speakers: Kimberly Olson Dorgan, Senior Executive Vice President, Public Policy, ACLI; Bruce Ferguson, Senior Vice President, State Relations, ACLI
  
  
• The Race for 'Equivalence' – Solvency II vs SMI
  The regulatory landscape for life insurers and reinsurers continues to undergo change globally primarily centered on solvency issues – Solvency II in Europe and Solvency Modernization Initiative (SMI) in the US.  These initiatives will have significant impact on how life insurers and reinsurers operate in a global marketplace.  Please join senior industry executives as they share views about solvency standards, equivalnce and other ideas.
  
  Moderator: Hugh McCormick, Of Counsel, Dewey & LeBoeuf LLP
  Speakers: Rob Curtis, Director, Insurance Risk Advisory Team, KPMG; Richard Priestley, Director, Finance Operations, Prudential Financial

3:00 pm - 3:30 pm

Refreshment Break

3:30 pm - 5:00 pm

General Session

Executive Panel: Dealing with Market Turmoil

Life insurers today face market uncertainty as they manage risk and capital levels and lay the groundwork for future growth.  As companies maneuver in the current market, various factors are intensifying pressure on earnings, including:

• Low interest rates,
• Volatile equity markets,
• Insistent investors, and
• Changing accounting and regulatory environment

Hear senior executives discuss how they are dealing with these market pressures and guiding their companies to stable ratings and strategic growth.

Moderator: Doug French, Managing Principal, Insurance & Actuarial Advisory Services, Ernst & Young
Speakers: Ed Bonach, Chief Executive Officer, CNO Financial Group Inc.; J. Scott Davison, Executive Vice President, OneAmerica Financial Partners, Inc.; Chris Swift, Executive Vice President & Chief Financial Officer, Hartford Life

5:30 pm - 7:00 pm

Reception

Tuesday, March 6

7:30 am - 5:00 pm

Registration

7:45 am - 8:30 am

Breakfast and SOA President Address

Speaker: Brad Smith, Chairman, Milliman

8:45 am – 9:15 am

Legends Awards Presentation

Hosted by Craig Baldwin, Trustee, The Actuarial Foundation

Recipients: Frederick J. Sievert and Irwin T. Vanderhoof

9:15 am – 10:45 am

General Session

Reinsurer CEO Update

Reinsurance companies remain the primary option for raising capital for life insurance companies, minimizing risk and providing financial diversification. Outside influences are pressing a profit margins, including company consolidations, flat sales, and retention of business by direct companies. Other pressures include longevity, accessing middle market insurers, reserve regulation changes and low interest rates.  Please join reinsurance senior executives as they discus challenges they face.

Moderator: Chris Stroup, Chairman & Chief Executive Officer, Wilton Re
Speakers: Wolf Becke, Vice Chairman, Hannover Life Re; Brenda Buckingham, Divisional Senior Vice President, General Manager, Berkshire Hathaway Group, Reinsurance Division; Mike DeKoning, President & Chief Executive Officer, Munich American Reassurance Company; Paul Rutledge, President & Chief Executive Officer, SCOR Global Life Americas

10:45 am - 11:00 am

Refreshment Break

11:00 am – 12:30 pm

General Session

Board Management - A New Era?
Underscored by the ongoing financial crisis, shareholders, the public and regulatory authorities have demanded more transparency from public and private companies on how companies appoint and manage their Boards of Directors.  Members of this panel will address:

• Challenges of populating the board.
• Boardroom skills needed.
• Ongoing issues currently faced, such as regulatory scrutiny, ERM, and the chairman vs CEO roles.
• Board and management compensation.
• Governance best practices.
• Dealing with management/board interactions.

Moderator: Mike McLaughlin, Principal & Global Leader, Actuarial & Insurance Solutions, Deloitte Consulting LLP 

Speakers: James Hohmann, Chief Executive Officer, FBL Financial Group; JoAnn Martin, President & Chief Executive Officer, UNIFI Companies; Greig Woodring, President, Chief Executive Officer & Director, RGA

12:30 pm - 1:45 pm

Luncheon with Speaker

Finance: IASB Update

IASB member will provide a status update of the four major projects impacting insurance companies. The projects include: the Insurance Contracts Project, Financial Instruments, Leases and Revenue Recognition.  Our speaker will summarize the current status of the projects and provide insight to the future direction of the Convergence.

Speaker: Prabhakar Kalavacherla, Member, International Accounting Standards Board (IASB)

1:45 pm – 3:00 pm

Concurrent Sessions

• Longevity Products: Has This Risk Hopped Across the Pond?
  

  Today, the UK is the most vibrant market in the world for pension plan de-risking. Regulation, accounting transparency and risk awareness among pension schemes have created dramatic changes in their risk management and governance.  Many of the same catalysts for change are arriving in the U.S.  As U.S. pension plan sponsors face these changes, there is broad recognition their current risk position is unsustainable. Pension buy-in transactions have also just arrived and longevity insurance will follow. Demand will likely be modest until there is greater awareness.  Awareness is rising and U.S. longevity risk analysis tools and research are being developed.  Industry experts will discuss recent developments in the UK and how these may be applicable in a U.S. environment.
  
  Moderator/Speaker: David Howell, Chief Executive Officer, Pacific Life Re
  Speaker: Amy Kessler, Head of Longevity Reinsurance, Prudential Retirement
  

• Developments in Financial Reporting in the U.S. and Around the Globe

  As insurers and reinsurers face significant changes in international accounting for insurance contracts, our expert panelists will provide a highly interactive session on the current IASB and FASB agenda items most pressing to insurers including:  insurance contracts, convergence with the U.S. and solvency.  Panelists will share an in-depth look at the future and where we are going as an industry.
  
  Moderator/Speaker: David Wheat, Executive Vice President & Chief Financial Officer, Hannover Life Re
  Speakers: Prabhakar Kalavacherla, Member, International Accounting Standards Board (IASB); Jennifer M. Weiner, Senior Practice Fellow, Financial Accounting Standards Board (FASB)
  
  

• Underwriting in a Brave New World of Risk Selection Tools and Perpetual Regulatory Change
  

  The promise of new underwriting tools such as predictive analytics, tele-underwriting, genetic testing and drug databases, have the promise to allow great strides in risk selection.  At the same time, these tools have limits in both what they can do now and what they will legally be allowed to do in the future. Attendees at this session will hear industry experts discuss the underwriting regulatory topics of today and tomorrow.
  
  Moderator: Thomas McCarthy, Senior Vice President, Swiss Re Life & Health America Inc
  Speakers: Joy Chairusmi, Government Relations Counsel, MetLife; Jeremy Starr, Vice President-Client Services, Gen Re Life Corporation
  

3:00 pm - 3:30 pm

Refreshment Break

3:30 pm - 5:00 pm

General Session

The Changing Economics of Business

We are three years into the recovery from the financial crisis and conditions remain far from normal.  As rates remain low, many decisions around economic policy are eminent.  Panelists will share their views about what is changing and what they see will remain the same over the next 5 years.  These topics include:  low interest rates, economic recovery strategies, impact of international developments in China and Europe, U.S. fiscal outlook and discussion about Fed policy. 

Moderator: Tricia Guinn, Managing Director, Towers Watson
Speakers: Dr. Stephen Brown, Professor of Economics and Director of the CBER (Center for Business and Economic Research), UNLV; Jeremy Lawson, Senior U.S. Economist, BNP Paribas

5:30 pm - 7:00 pm

Reception

Wednesday, March 7

8:00 am - 10:00 am

8:00 am - 10:00 am

Registration

General Session & Breakfast Gathering

Natural and Man-Made Disasters:  Modeling and Mitigation

The property-casualty side continues to incur expansive losses, and the life side struggles with low interest rates.   Are these threats to the viability of the entire industry?  Join this panel as they ‘crystal-ball’ on viable business models and trends affecting the profitability of both insurers and reinsurers.

Moderator/Speaker: David Rains, Managing Director, Guy Carpenter & Company, LLC
Speakers: Peter Ulrich, Senior Vice President, Life Risks Solutions, RMS; Ellsworth Whiteman, Executive Managing Director, AON Benfield