Insurance

Conference

Save the Date:
Dec. 1-2, 2022
Penn State Great Valley, Malvern or Webcast


The PICPA Insurance Conference is ideal for all CPAs with insurance clients and financial professionals working in the insurance industry.

Get updates on recent and emerging insurance trends and issues.

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Thank You to Our 2021 Sponsor gallagheraffinity


A Look Back at the 2021 Agenda

Featured Session
Pennsylvania Department of Insurance Update 

Dave-Buono

David Buono 

Acting Deputy Insurance Commissioner, Office of Market Regulation
Pennsylvania Insurance Department 

Greiner-Melissa

Melissa Greiner 

Deputy Insurance Commissioner, Corporate and Financial Regulation 
Pennsylvania Insurance Department

Humphreys, Michael

Michael Humphreys

Chief of Staff
Pennsylvania Insurance Department

Shannen Logue

Shannen M. Logue

Deputy Insurance Commissioner, Product Regulation
Pennsylvania Insurance Department


 

Thursday, Dec. 2

7:45 a.m.
Greetings from PICPA Leadership 

8:00 a.m.

2022 Economic and Capital Market Outlook 1-Other

  • Will inflation be transitory or persistent?
  • When will debt become a problem?
  • What are the biggest risks for the economy and stock market?
  • Where are the biggest opportunities?
Smith, Henry

Henry B. Smith
Director, Co-Chief Investment Officer
The Haverford Trust Company


8:50 a.m.

Pennsylvania Department of Insurance Update 1-Other

  • Climate risk matters – at the state and national level
  • Cybersecurity
  • Pennsylvania legislative initiatives
Dave-Buono

David Buono
Acting Deputy Insurance Commissioner
Pennsylvania Insurance Department

Greiner-Melissa
Melissa Greiner 
Deputy Insurance Commissioner 
Pennsylvania Insurance Department
Humphreys, Michael

Michael Humphreys
Chief of Staff
Pennsylvania Insurance Department

Shannen Logue

Shannen M. Logue
Deputy Insurance Commissioner
Pennsylvania Insurance Department


9:40 a.m.
Take a Break

9:55 a.m.

Emerging Issues in Insurance 1-Other

  • Six emerging issues have likely cost the property and casualty insurance industry more than $200 billion in unexpected losses over several decades.  
  • The past few years have seen another six emerging issues that will cost billions, or tens of billions, each. 
  • There are dozens of billion-dollar contenders in the wings. All will be discussed.
Charles_Kingdollar_120x120

Charlie Kingdollar
Vice President and Emerging Issues Officer (Retired)
Gen Re


10:45 a.m.

Technology to Detect Fraud 1-Other

  • Data is the primary currency in which fraud actors trade, and cyber is the channel they are using. 
  • Technology investments should be internally aligned. 
  • Limit technology to those that address the highest risk. 
Linda Miller

Linda Miller
Principal, Advisory Services
Grant Thornton LLP

Ruotolo, James

James Ruotolo
Senior Manager, Fraud & Financial Crimes
Grant Thornton LLP


11:35 a.m.
Lunch

12:25 p.m.

Growth Strategies  1-Other

  • Overview of insurance market and landscape
  • Evolving ecosystem and impact on organic growth strategies
  • Market consolidation and M&A outlook
Daniel_Grayzel
Daniel Grayzel
Director, Strategy and Transactions
Grant Thornton LLP
Andree Bourgon
Andrée Bourgon
Managing Director, Strategy and Transactions
Grant Thornton LLP 

1:15 p.m.

ESG’s Impact on the Insurance Industry 1-Other

  • Environmental, social, and governance (ESG) trends from climate change impacts and worker safety to workplace diversity, executive compensation, and board composition
  • Overview of the pressures companies face from investors, regulators, shareholders, customers, and employees to transform their business with an ESG lens
  • Discuss current trends around ESG and how companies have begun to increase their level of reporting and disclosure around this growing area of stakeholder focus
Lefante_Michael

Michael LeFante
Managing Director, Audit
KPMG LLP

Dunaway_Trevor
Trevor Dunaway
Audit Manager
KPMG LLP

2:05 p.m.
Take a Break

2:20 p.m.

GAAP Update 2-A&A

  • Long duration insurance contracts 
  • General GAAP updates
  • SEC and PCAOB updates, including rulemaking on ESG-related disclosures
Michael Ernst

Michael Ernst, CPA
Partner
KPMG LLP

cpamember

Brian Ferentz, CPA
Senior Manager
KPMG LLP

klinger

Patrick Klinger, CPA
Manager
KPMG LLP

psofian

Pixi Sofian
Director
KPMG LLP

Eric Crossett

Eric Crossett, CPA
Audit Senior Manager
KPMG LLP

Dominic, Biacchi

Louis Dominic Biacchi
Senior Associate
KPMG LLP


4:00 p.m.

See You Tomorrow

Friday, Dec. 3

7:45 a.m.
Greetings from PICPA Leadership

8:00 a.m.

Impact of COVID-19 on Health Care Insurance 1-Other

  • Different methods for funding group health care plans (captive model, consortiums)
  • Impact of COVID-19 on worker’s compensation 
  • Update on COVID-19 insurance coverage 
  • Reverse discrimination coverage - executive disability plans 
  • Latest hybrid life/long-term care coverage developments/solutions
Glass, Jeff

Jeffrey A. Glass, CLU, RHU, GBDS, REBC
Vice President/Principal
McConkey Insurance & Benefits

Rice, Chris

Chris J. Rice, CFP, CPA, PFS
Executive Benefits and Financial Services Consultant
McConkey Insurance & Benefits

Tobin, Ed

Edward A. Tobin, Esq.
Director of Claims
McConkey Insurance & Benefits


8:50 a.m.

Statutory Accounting Update 1-A&A

  • New disclosures
  • Status of recent interpretations
  • Residual tranches year end guidance
  • NAIC Bond Project key principles
Robin_Marcotte_

Robin Marcotte
Senior Manager Accounting Policy Advisor
National Association of Insurance Commissioners (NAIC)


9:40 a.m.
Take a Break

9:55 a.m.

Update on Insurtech Activities 1-Other

  • Update on the current state of the Insurtech segment
  • Insurtech models and their impact to the broader insurance industry
  • Legal, regulatory, and risks environment related to Insurtechs
cpamember

Jim Gkonos
Counsel
Saul Ewing

Stephen Lekas

Steve Lekas
CEO and Co-Founder
Branch Financial

Michael Kalen

Michael Kalen
CEO
Covr Financial Technologies

Jonathon Zeigler

Moderator:
Johnathan Zeigler, CPA
Partner
Baker Tilly


10:45 a.m.

Cybersecurity Updates and Changes 1-Other

  • Assess how the current and future states of doing business will continue to impact organizations’ cybersecurity programs and corporate strategy.
  • Highlight how current events impact the market and what practitioners are seeing, focusing on key areas for improvement.
  • Address common issues and shortcomings in implementing and executing high-functioning cybersecurity programs.
  • Provide an overview of the current state of emerging cybersecurity and privacy regulations.
  • Summarize the takeaways participants can bring to the cybersecurity programs at their organizations. 
Greg Driscoll
Greg Driscoll
Senior Vice President, Service Operations and Chief Information Officer
The Penn Mutual Life Insurance Company
Russell Sommers

Russell Sommers
Senior Manager, Financial Services Risk, Advisory and Cybersecurity
Baker Tilly


11:35 a.m.
Lunch

12:25 p.m.

Update on Insurance Taxation 2-Tax

  • Key insights regarding recent legislative proposals and how potential tax policy changes may impact your business
  • A tax legislative update, including a discussion of recent developments in tax law and accounting for income taxes that may be changing the landscape of life and property and casualty insurance companies
  • Significant changes in the years to come for which the insurance sector is preparing 
Andrew Prior

M. Andrew Prior
Managing Director
PwC

Tim Peacock

Timothy Peacock, CPA
Partner
PwC

Raheem Spivey

Raheem Spivey, CPA
Managing Tax Director
PwC

Jennifer Crothers

Jennifer M. Crothers
Vice President, Corporate Tax
Radian Group Inc.


2:05 p.m.
Take a Break

2:20 p.m.

Use of RPA and Analytics in Insurance 1-Other

  • Businesses are being transformed by carriers using data and analytics throughout the entire insurance value chain.
  • This innovation is being driven by the availability of data, cloud-based computing power, and the significant advancements in modeling techniques.
  • Many carriers are facing challenges in capturing a real return on their investment in data and analytics.
Kevin Finn

Kevin Finn
President and CEO
Mutual Capital Analytics


3:10 p.m.

Ethics 1-Ethics

  • Understand the foundational ethical principles CPAs are required to follow and how these principles apply to audit quality, data privacy and security, and emerging technologies.
  • Does the profession need to change to continue to meet the ethical challenges in a technology-centric environment?
  • Find out the changes being considered by the AICPA and the National Association of State Boards of Accountancy that could impact the future of the profession.
Allison Henry, CPA, CGMA

Allison Henry CPA, CGMA
Vice President, Professional & Technical Standards
PICPA


4:00 p.m.
See you Next Year


"The PICPA Insurance Conference always delivers. It provides thought leadership on a variety of topics that I can bring back to my company."

Michael Loftus, CPA
Global indemnity Group Inc.

Credits

Day 1 CPE Credits: 2-A&A, 6-Other
Day 2 CPE Credits: 2-Tax, 1-A&A, 1-Ethics, 4-Other 

Level: Update
Prerequisite: None

CLE Credits and Fees: This course has been submitted for 13 Substantive CLE credits. Attorneys requesting CLE credits must include an additional $100.  

Registration

Full Conference (709103)
Thursday Only (709104)
Friday Only (709105)
PICPA Member
$579
$345
$345
Nonmember
$679
$445
$445
ClassPass
16 hours
8 hours
8 hours
CLE Credit
$100
$50
$50
ClassPass      flexAccount200x75

Use your ClassPass, ClassPass Mini, or Flex Account to register. Find more information about PICPA discounts.



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