Insurance & Financial Institutions Conference Agenda
Wednesday, Nov. 29
7:50 a.m.
Conference Opens
8:00 a.m.
1-OtherEconomic/Investment Update
- Review the top 10 reasons to be optimistic from 2023
- Discuss 2023 outlook themes
Henry Smith
Director, Head of Investment Strategy
The Haverford Trust Company
8:50 a.m.
1-A&AGeneral A&A FASB Updates
- FASB - Current Projects
- Accounting for and disclosure of crypto assets.
- Accounting for and disclosure of software costs.
- Accounting for environmental credit programs.
- Financial instruments – Credit losses (Topic 326) – Purchased financial assets.
- Induced conversions of convertible debt instruments (EITF Issue No. 23-A).
- Scope application of profits interest awards: Compensation – stock compensation (Topic 718).
- Topic 815 – Hedge accounting improvements.
- Presentation and Disclosure Projects
- Disaggregation – Income statement expenses – Exposure draft.
- Disclosure improvements in response to the SEC – Final ASU.
- Improvements to income tax disclosures – Final ASU.
- Interim reporting – Narrow-scope improvements – Exposure draft.
- Segment reporting – Final ASU.
- ASUs Issued in 2022 and 2023
Erik Sendel
FSI Audit & Assurance Managing Director
Deloitte & Touche LLP
9:40 a.m.
Morning Break
9:55 a.m.
1-OtherRecruiting Post Great Resignation – How to Find Top Talent and Keep Them
- Where to find great talent post-great-resignation.
- When to train vs. when to pay more.
- Major candidate trends/asks of employers.
- Thoughts on retention.
Beth Rosenberger
President and Founder
Halsen Solutions LCC
Nikki Brandt, CPCU, AU, AIS, AINS
President and Founder
NB Talent
1-OtherWireless (In)Security
- Typical ways to secure wireless networks and how hackers bypass these security features to gain access.
- How a “sniffing” attack -- performed after an attacker gains access to the wireless network -- works to pilfer data and credentials.
- Nontraditional wireless attacks (Bluetooth and RFID technologies).
- Discuss prevention to ensure you do not fall victim to a wireless-based attack.
Jeremy Burris
Principal
S.R. Snodgrass PC
Lunch Break
1-A&AStatutory Accounting Update
- Review of 2023 changes to Statutory Accounting
- Review of changes to the 12/31/23 annual statement blank
- Statutory Tax update
- Section 174 – Proposed Regulations and Future Impact
Scott Esworthy, CPA
Principal
Brown Schultz Sheridan & Fritz (BSSF), CPAs
Carrie Small
Tax Principal
Brown Schultz Sheridan & Fritz (BSSF), CPAs
1-A&ARegulatory Update
Brent Acree
Assistant Deputy Comptroller
Office of the Comptroller of the Currency
Barry Pelagatti, CPA
Partner
RKL LLP
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Eric Bowman
FDIC
1-OtherSustainable Insurance
- ESG focus areas for the insurance industry.
- Climate as a risk driver among insurance top risks.
- The S for insurers.
- ESG opportunities for the insurance industry.
Jerome Devillers, CPA
Partner
Energy, Infrastructure & Environment Practice Leader
Mazars
Phuong Gomard
Principal, Sustainable Finance
Practice Leader
Mazars
1-A&APayroll Protection Program, Paying People and Fraudsters
- What the Payroll Protection Program really is and how it was manipulated by fraudsters.
- Review of active and prosecuted cases.
- Audit of controls and gaps from the government and financial sector.
- The fall out and lessons learned.
Steve Lenderman
President
Delaware Valley IAFCI Chapter
Afternoon Break
1-OtherActuarial Update – Model Validation
Ken Hugendubler (moderator)
Partner
Baker Tilly
Alan M. Pakula, ACAS, MAAA, CPA
Vice President & Chief Actuary
The Philadelphia Contributionship
Michael Dubin FCAS FSA MAAA
Director of Actuarial Services
Baker Tilly
Glenn Tobleman, FSA, FCAS, MAAA
Executive Vice President & Principal
Lewis & Ellis
1-TaxTax Update for Financial Institutions – 2023
- Discuss the most recent developments regarding the Employee Retention Tax Credit and the implications for financial institutions.
- Review of the guidance issued by the IRS for the new 1% stock redemption tax.
- Pennsylvania tax update and review of other state tax issues.
- Other developments in 2023 as they impact financial institutions.
Charles Marston
President and Director of Tax Group
S.R. Snodgrass PC
1-OtherTrends in the Reinsurance Market
- Overview of the current reinsurance market.
- Why the current market materialized.
- What the current and future market implies for insurers.
Adam Manus, MBA, ARe
President and Chief Brokerage Officer, Director
Holbern Corporation
1-OtherHow FinTechs are Transforming the Financial Services Industry
David DeFazio
Partner
StrategyCorps
4:00 p.m.
See You Tomorrow!
Thursday, Nov. 30
7:50 a.m.
Conference Day 2 Opens
8:00 a.m.
1-A&ACorporate Governance and Risk Management
- Mary P. Hansen and Michael J. Rinaldi, partners in the White Collar Criminal Defense and Government Investigations practice group at Duane Morris LLP, will discuss recent regulatory and litigation risks facing chief compliance officers, controllers, and other corporate gatekeepers. Among other things, they will discuss recent SEC enforcement actions, which demonstrate a more aggressive posture by the agency, and pronouncements by the courts, and in particular the Delaware Court of Chancery, that bear on chief compliance officers and those performing a similar role.
Mary Hansen
Partner
Duane Morris LLP
Michael Rinaldi
Partner
Duane Morris LLP
8:50 a.m.
1-EthicsCreating a Culture of Trust in a Fraud-Filled World
This session will highlight recent cases of ethical failures and fraud and will highlight concepts of trust, personal accountability, responding to fraud, and the conduct expected of CPAs outlined in the Code of Professional Conduct.
- Discuss why fraudsters are becoming more brazen, how you protect yourself and your organization
- Consider the concept of trust and how can you establish real trust within your organization
- Discuss the pressures that cause CPAs to cross the line. What are the ethical principles that CPAs are required to follow? Who is responsible for fraud prevention?
Allison Henry
Vice President - Professional & Technical Standards
PICPA
9:40 a.m.
Morning Break
9:55 a.m.
TBDMergers & Acquisitions
- Update on current state of M&A market activity
- Tax and economic factors influencing today’s markets and driving deal structures
- Tax considerations for acquisitions of corporate and pass-through businesses
- Minimizing purchaser exposure to seller/target tax liabilities – representations and warranties (R&W) coverage and tax insurance
Mark L. Lubin, CPA, JD, LLM
Special Counsel
Chamberlain Hrdlicka
10:45 a.m.
1-OtherPolitical Update
Christopher Riffle
Principal
PwC
Jennifer Crothers
Vice President, Corporate Tax
Radian Group Inc.
Andrew Prior
Managing Director, Tax Policy Services
PwC
Raheem Spivey
Managing Director
PwC
11:35 a.m.
Lunch
12:25 p.m.
1-TaxInsurance Taxation Update
1-OtherBanking Industry Update
Zach Shoaf, CPA
Manager / Financial Services
FORVIS
Stephanie Rocco, CPA
Partner / Financial Services
FORVIS
1:15 p.m.
1-OtherDigital Journey
- Discuss key considerations for emerging capabilities and organizational structures needed to compete in the Digital Age
- Talk over regulatory and risk management considerations as new technologies such as generative AI bring new challenges to insurance organizations
- Explore investment and portfolio management in the digital age; how to balance the need to modernize legacy tech with the innovation imperative
Micheal Herman, CPA (moderator)
Principal
Baker Tilly Digital
Sidd Kuckreja
CTO
TruStage
Dave DuVarney
Principal
Baker Tilly Digital
Anthony Bellizi
AVP, Data Management
Sage Sure
1-OtherWhy Data Governance Is All That Is Missing from Being an Effective Fact-Driven Organization
- Data governance introduction – What it is and why it matters.
- How financial institutions can use data governance to create a competitive advantage.
- What influence does the third line have on data governance? What matters for auditors?
- Building a cost-effective data governance program.
Mohammad Nasar
Data Principal, Integrated Risk Management
Crowe
2:05 p.m.
Afternoon Break
2:20 p.m.
1-OtherPennsylvania Insurance Department Update
Diana L Sherman, CPA, CFE, CISA, CITP
Deputy Commissioner
Pennsylvania Insurance Department – Office of Corporate & Financial Regulation
Robert Feguer
Director of the Bureau of Managed Care
Pennsylvania Insurance Department – Office of Product Regulation
Bethany Blessing
Director
Pennsylvania Insurance Department – Office of Market Regulation
1-A&AFinancial Services – Regulatory Compliance Risks and Trends
- Receive an overview of regulatory hot topics and trends for financial institutions, focusing on BSA/AML and consumer protection regulations.
- Explore the impact that recent regulatory changes will have on your organization.
- Hear insight on areas of focus for examiners and learn how to avoid costly errors.
- Gain insight by looking back on recent enforcement actions and identify how lessons learned can protect your organization.
Molly McGrath, CRCM
Senior Compliance Consultant
Crowe LLP
Tom Gentile, CFIRS
Senior Manager
Crowe LLP
Todd T. Brungard, CAMS
Senior Manager
Crowe LLP
3:10 p.m.
1-OtherAI in the Insurance Industry
- Artificial Intelligence is affecting the entire value chain in the insurance industry
- Understand how the most recent advances in AI are evolving and what challenges exist
- Learn about the potential promises and risks of applying AI use cases
Brian Blomgren
Director
KPMG
1-A&ATimeless Principles for Navigating Risk in Dynamic Markets
- Current trends and economic themes
- Review of market volatility and industry trends
- Balance sheet management fundamentals
- Core principles of funds management
- Risk management in an ALM and RAROC framework
- Role of hedging
Robert Perry
Principal
ALM First
Jason Haley
Chief Investment Officer
ALM First
4:00 p.m.
See You Next Year!
