Day 1 - Monday, July 25, 2016

7:15
Registration & Continental Breakfast
8:00
Co-Chairs’ Welcome
8:05
State Insurance Regulator and Examiner Perspectives and Priorities
10:10
Break
10:20
Special Address: Latest Developments with the NAIC’s Cybersecurity Task Force and the Progress of the Model Law
11:00
Insurers Speak Out on What Insurance Companies are Doing in Terms of Preparedness for a Cyber Event and an Examination of What the Role of the Compliance Departments Should Be
12:15
Networking Luncheon
1:15
Regulation of Big Data and Its Use by Insurance Companies in Underwriting, Claims Handling, and Pricing
2:25
Wave of the Future for the Compliance Professionals: Managing Compliance Risk Through Metrics Reporting, Data, Predictive Analytics and How Does It All Inform Legal and Operational Risk?
3:40
Break
3:50
Developments in Sanctions with Iran and Cuba
4:55
An Update on the Status of the Fiduciary Duty Rule: Issues Surrounding the Implementation of the Rule and Impact on the Current Products
6:00
Conference Adjourns to Day Two

Day 2 - Tuesday, July 26, 2016

7:30
Continental Breakfast
8:00
A Focus on the International Developments with respect to Covered Agreements/Reinsurance Collateral, Solvency II Equivalence, Systemic Risk, Corporate Governance, and ComFrame
9:15
Status of the Price Optimization Debate: What is NAIC Doing, What Have the States Said Recently, and Does Price Optimization Violate States’ Anti-Discriminatory and Unfair Trade Practices Standards?
10:15
Break
10:25
Developments in Natural Catastrophe Coverage: Climate Change Developments, Flood Insurance Implementation, Earthquake Insurance and a Look at the Effect on Property and Liability Risk Insurance Companies are Undertaking
11:35
The Latest on the Insurance Capital Standards Front Both Internationally as well as Domestically?
12:30
Conference Ends – Lunch for Workshop Participants
1:45
Developing the Most Efficient AML and OFAC Compliance Procedures to Improve Your Company’s Competitiveness

Day 1 - Monday, July 25, 2016

7:15
Registration & Continental Breakfast
8:00
Co-Chairs’ Welcome

Kara Baysinger
Partner
Dentons

Fred E. Karlinsky
Co-Chair, Insurance Regulatory and Transactions Practice Group
Greenberg Traurig LLP

8:05
State Insurance Regulator and Examiner Perspectives and Priorities

Dr. Marcelo Ramella
Deputy Director, Financial Stability Department
Bermuda Monetary Authority

Paula M. Pallozzi
Associate Director
Rhode Island Department of Business Regulation

Steve Kinion
Director, Bureau of Captive and Financial Insurance Products
Delaware Dept. of Insurance

Robert Alan Wake
General Counsel
Maine Bureau of Insurance

Scott D. Fischer
Executive Deputy Superintendent for Insurance
New York State Department of Financial Services

Paul Hanson
Chief Examiner
Minnesota Department of Commerce

Richard Ford
Chief Examiner
Alabama Department of Insurance

Belinda H. Miller
Chief of Staff
Florida Office of Insurance Regulation

John Doak
Commissioner
Oklahoma Insurance Department

Jim L. Ridling
Commissioner
Alabama Department of Insurance

Moderator:

Robert E. Wagner
Partner
Hinshaw & Culbertson LLP

10:10
Break
10:20
Special Address: Latest Developments with the NAIC’s Cybersecurity Task Force and the Progress of the Model Law

Adam W. Hamm
Commissioner
North Dakota Insurance Department

11:00
Insurers Speak Out on What Insurance Companies are Doing in Terms of Preparedness for a Cyber Event and an Examination of What the Role of the Compliance Departments Should Be

Laurie A. Kamaiko
Partner
Sedgwick LLP

Myra E. Lobel
Managing Director
Guy Carpenter & Company‚ LLC

Jodi Hyde
Vice President, Deputy General Counsel
Fidelity & Guaranty Life

David J. Walsh
President and Chief Executive Officer
Amalgamated Life Insurance Company/ASC Holdings

Moderator:

Kara Baysinger
Partner
Dentons

  • Enhanced focus on third-party vendor security
  • Protocols for the detection of cyber breaches and penetration testing
  • Corporate governance related to cyber security
  • Management of cybersecurity issues, including the interaction between information security and core business functions, and written information security policies and procedures
  • Protections against the risks posed by shared infrastructure
  • Information security testing and monitoring
  • Incident detection and response process
  • Integration of information security into business continuity and disaster recovery policies and procedures
  • What should the role of a compliance department be?
  • It appears as though this is mostly an IT concern but there is a regulatory expectation that the control functions, such as compliance, will be overseeing and mitigating risk; What is the role of the control function?
  • What is the role of the legal department?

12:15
Networking Luncheon
1:15
Regulation of Big Data and Its Use by Insurance Companies in Underwriting, Claims Handling, and Pricing

David Snyder
Vice President, International Policy
Property Casualty Insurers Association of America (PCI)

Lisa Brown
Sr. Counsel & Director, Compliance Resources
American Insurance Association (AIA)

Philip J. Loree, Jr.
Partner
Loree & Loree

Richard Faulkner
Attorney, Mediator, and Arbitrator
Blume, Faulkner & Skeen, PLLC

  • What can and can’t be used?
  • Is it appropriate to use this data in underwriting, claims handling, and pricing?
  • Regulation of big data
  • Where does NAIC stand on this issue currently?

2:25
Wave of the Future for the Compliance Professionals: Managing Compliance Risk Through Metrics Reporting, Data, Predictive Analytics and How Does It All Inform Legal and Operational Risk?

Jay Cohen
Chief Compliance Officer
Assurant, Inc.

Mattia Scharfstein
Regulatory Services Manager
Selective Insurance Company of America

Steven Mulligan
Vice President, U.S. Head of Sanctions Transaction Screening
HSBC Bank

Hal S. Shaftel
Shareholder
Greenberg Traurig, LLP

Moderator:

Stephen W. Schwab
Partner
DLA Piper

  • Examining the shift in the marketplace around what the role of compliance is
  • How is compliance using data to do their job?
  • Regulators want to understand what metrics compliance departments are using and what reports they have
  • Managing compliance risk through metrics reporting, through data, and thinking about predictive analytics

3:40
Break
3:50
Developments in Sanctions with Iran and Cuba

Renata Silva Leal
Vice President, Compliance Officer
Swiss Re

Robert Walsh
Deputy Chief Compliance Officer, Chief Financial Crime Officer, Chair of the US Compliance Committee
AXA Group (New York, NY)

James D. Slear
Partner
Thompson Coburn LLP

  • State of play vis-à-vis Cuba
  • When can US companies start trading with Iran?
  • What it means for and what will be the impact on the industry?
  • What type of exclusion clauses can be expected?
  • Where is it all going?

4:55
An Update on the Status of the Fiduciary Duty Rule: Issues Surrounding the Implementation of the Rule and Impact on the Current Products

Mary Jane Wilson-Bilik
Partner
Sutherland Asbill & Brennan LLP

Brian T. Casey
Partner, Co-Chair of Regulatory & Transactional Insurance Practice Group
Locke Lord LLP

Patrick H. Cantilo
Co-Founder and Managing Partner
Cantilo & Bennett, L.L.P. (Austin, TX)

  • The status of the rule — what does the final rule say and what does it really mean?
  • What are the implications for people with qualified plans, such as self-directed 401(K)s and IRAs?
  • What are companies that offer affected products evaluating? What are they changing?
  • How will products be designed?
  • How will it be underwritten?
  • Liability that will go with it; What can regulators do as an enforcement action? What can individual owners of a product bring as a class action lawsuit?

6:00
Conference Adjourns to Day Two

Day 2 - Tuesday, July 26, 2016

7:30
Continental Breakfast
8:00
A Focus on the International Developments with respect to Covered Agreements/Reinsurance Collateral, Solvency II Equivalence, Systemic Risk, Corporate Governance, and ComFrame

Stephen Broadie
Vice President, Financial Policy
PCI

Francine L. Semaya
Legal and Insurance Regulatory Consultant

Hugh T. McCormick
Partner
Duane Morris LLP

Roland C. Goss
Managing Shareholder
Carlton Fields Jorden Burt, P.A.

  • Have there been any major moves toward resolving reduced reinsurance collateral issue between US and Europe?
  • What criteria do reinsurers from non-US qualified jurisdictions need to show to be deemed “certified” for reduced collateral requirements?
  • What are the issues surrounding the “passporting” of certified reinsurers to other jurisdictions once they are certified in one US state? How has the NAIC been working on these issues?
  • What is the latest on the US/FIO’s pursuit of a covered agreement
    with the EU addressing reinsurance collateral requirements for non-US reinsurers?
  • Concerns about federal preemption of state law via a covered
    agreement
  • Impact of Solvency II’s formal implementation on the current
    and future status of reinsurance collateral requirements
  • Assessing the challenges and benefits of Europe’s Solvency II
    regime following its formal January 1, 2016 implementation
  • What challenges are being faced by the US insurers due to the lack of harmonization of insurance regulation across jurisdictions?
  • Update on possible temporary/provisional Solvency II equivalence for the US and what is on the horizon for internationally active insurance companies in 2016/2017?
  • Taking a look at the revised list of global systemically important
    insurers issued at the end of 2015
  • What has the IAIS done to look at its methodology and criteria
    for determining who are global systemically important insurers? Has the criteria significantly changed?
  • MetLife and its challenge with the SIFI status
  • Prudential and its challenges associated with corporate restructuring in order to be removed from the SIFI list
  • What is the latest on the ComFrame project?
  • The impact of developing ComFrame on risk management and supervisory colleges

9:15
Status of the Price Optimization Debate: What is NAIC Doing, What Have the States Said Recently, and Does Price Optimization Violate States’ Anti-Discriminatory and Unfair Trade Practices Standards?

Daniel A. Cotter
Partner
Butler Rubin Saltarelli & Boyd LLP

Steven Harris
Deputy General Counsel
AIG Property Casualty

Fred E. Karlinsky
Co-Chair, Insurance Regulatory and Transactions Practice Group
Greenberg Traurig LLP

  • Use of predictive models to determine how much price flexibility a customer has — an unfair treatment?
  • What have the states said recently?
  • What is NAIC doing to address this issue?
  • Does the price optimization practice violate states’ anti-discriminatory and unfair trade practices standards?

10:15
Break
10:25
Developments in Natural Catastrophe Coverage: Climate Change Developments, Flood Insurance Implementation, Earthquake Insurance and a Look at the Effect on Property and Liability Risk Insurance Companies are Undertaking

Larry P. Schiffer
Partner
Squire Patton Boggs LLP

Amy Bach
Executive Director
United Policyholders

L. Charles Landgraf
Partner
Arnold & Porter LLP (Washington, DC)

Jeffrey L. Kingsley
Partner
Goldberg Segalla

11:35
The Latest on the Insurance Capital Standards Front Both Internationally as well as Domestically?

Laurie LaPalme
Partner
Cassels Brock & Blackwell LLP

Leah Campbell
Partner
Willkie Farr & Gallagher LLP

Bill Costigan
Principal
Costigan Law PLLC

  • Latest on NAIC’s efforts on group capital calculation and how does it relate to other requirements that insurers will have in this area?
  • The Fed and the capital standards they are developing
  • Where is IAIS with respect to this?

12:30
Conference Ends – Lunch for Workshop Participants
1:45
Developing the Most Efficient AML and OFAC Compliance Procedures to Improve Your Company’s Competitiveness

Christopher Monahan
Counsel
Crowell & Moring LLP

Sharon Cohen Levin
Partner
WilmerHale

AML and OFAC compliance present an opportunity to improve your competitiveness in a rapidly changing economy. AML and OFAC compliance is not only a matter of global security, but it also presents a means of creating a more efficient compliance framework. In this workshop, expert speakers will take the guessing games out of your program development by drilling down on:

  • What government agencies are looking for in audit
  • Lessons learned from recent enforcement decisions
  • Creating surveillance procedures and programs
  • Monitoring broker/agent activity
  • Procedures to handle red flags
  • Managing apparent sanction violations: Determining whether an apparent violation has occurred; calculating/negotiating civil penalties; responding to inquiries and enforcement actions

​1:45 p.m. – 3:45 p.m. (Registration opens 1:15 p.m.; separate registration required)