Insurance Regulation Symposium
Thursday, May 2, 2013 from 8:30 AM to 12:30 PM
Saint Joseph's University
Join us for another very strong “Thought Leadership” program from SJU Academy of Risk Management & Insurance. Through a series of panel discussions, hear from executive leaders, regulators, and senior practitioners in the insurance industry as they discuss the importance of insurance regulation. The group will focus on the perspective of the National Association of Insurance Commissioners (NAIC); cover the role of the Federal Insurance Office (FIO); and also discuss current topics in global regulation.
|8:00-8:30||Registration and Coffee|
|8:30-9:00||Opening Remarks and Historical Context - A discussion and presentation on the past and current regulatory regime of the US including state examinations, insurance rate requirements and filings, solvency monitoring, Risk Based Capital, and lessons learned over the years.|
|9:00-10:15||The Current State of Regulation - Experienced practitioners and regulators from the insurance industry discussing changes to both the US and global systems of regulation. Current topics include: the NAIC Solvency Modernization Initiative (SMI); Own Risk and Solvency Assessment (ORSA), Risk Focused Examinations; and Solvency II. There will be additional discussion around the concept of Systemically Important (Too Big to Fail).|
|10:30-11:30||The Executive Perspective - Experienced C-Suite executives and directors from the insurance industry discussing corporate governance, strategy, the role of regulation with respect to insurers, their boards, and their various stakeholders. The panelists will talk about the importance of regulation on their companies as well as the impact on their functional responsibilities within the organization. Panelists will include: a CEO; a member of a company’s board of directors; a CFO; and a representative from an industry trade group or advisory firm.|
Keynote Speaker - We will have a representative from the National Association of Insurance Commissioners (NAIC) address the audience to discuss the role of US regulation at both the state and national level. The discussion will also cover the relationship of the NAIC with the Federal Insurance Office (FIO) which was created under Dodd-Frank in addition to the current state of global regulation.
Closing Remarks - Michael E. Angelina –Executive Director, Academy of Risk Management & Insurance, SJU; Vice President, Casualty Practice Council, American Academy of Actuaries
Speakers and Panelists
Stephen Johnson – Deputy Insurance Commissioner,
Pennsylvania Department of Insurance
More to follow!!