Wednesday, October 4, 2017
|5:00–6:30 p.m.||Registration and Welcome Reception|
Thursday, October 5, 2017
|7:30-8:15 a.m.||Registration and Breakfast|
|8:15–8:30 a.m.||Welcome and Introductory Remarks
Tom Andre, Chair, THRF Section
|8:30-9:30 a.m.||Keynote Session
Healthcare: What Does the Future Hold for MPL/HPL?
Paul H. Keckley, PhD, Editor, The Keckley Report
|8:30-9:30 a.m.||Paul Keckley, healthcare futurist, widley-known healthcare expert and researcher, and Managing Editor of the Keckley Report, will explore the most important industry trends and regulatory issues for medical and healthcare professional liability professionals. He will discuss likely changes in the healthcare environment, their relevance to MPL/HPL stakeholders, and the key issues and challenges that may arise as a result of the evolving healthcare environment. During this interactive session, there will be ample time for audience Q&A.|
The Changing Landscape of Human Capital
Gregory P. Jacobson, Co-Chief Executive Officer, The Jacobson Group
Johanna Harris, Senior Vice President, Human Resources, The Jacobson Group
Paul McCaffrey, Chief Financial Officer, CSAA Insurance Group
Jeffrey J. Reider, CPA, CPCU, Partner and Head, Ward Group
|9:30-10:30 a.m.||The insurance industry, including the MPL sector, is facing a convergence of challenges for those who work with human capital: an aging workforce, extremely low unemployment, client and employee diversity, the multi-generational workforce, evolving employee work preferences, and the need to plan for the succession of current employees. And beyond all of these changes is the next wave of disruptive technology that will soon be affecting both healthcare and the insurance industry. These will influence the skill sets that will be required of workers in the future. This panel of experts will discuss what companies will need to do in order to recruit, engage, develop, and retain their staff members for sustained success.|
|10:30-10:45 a.m.||Refreshment Break|
|10:45-11:45 a.m.||Concurrent Session I
|10:45-11:45 a.m.||MPL Insurance Industry Performance: What’s the Latest?
This session will provide a summary of the industry’s recent metrics on financial performance, and offer some commentary on the key drivers behind these numbers. Mr. Karls will also discuss the industry’s premium trends, along with its recent experience with losses and defense costs. He will also explain how the industry can apply data-mining techniques in a practical approach to better manage its costs.
Engaging Millennials in Insurance: Addressing Challenges and Finding Opportunities
Virtual Desktop—A Good Fit for PIAA Companies?
|11:45 a.m.–12:45 p.m.||Networking Luncheon|
Five Trends Shaping the Future of Work
Bob Nelson, PhD, President, Nelson Motivation Inc.
|12:45–2:00 p.m.||At present, several employment trends dominate the relative success of every organization, in regard to its competitors. In this session, leading authority and best-selling author Dr. Bob Nelson will share the results of his research, and his insights, on these emerging workforce trends and relate what your organization can do in order to capitalize on these trends: the pending shortage of skilled workers, the rise of the millennial generation, the expanded use of contingent workers, the evolving role of virtual employees, and the globalization of the labor market. By the conclusion of the session, participants will be able to discuss the research and validation for these emerging trends , weigh the positive and negative impact of those trends for their organization, and be aware of possible strategies for maximizing the potential implicit in these trends, for their organizations.|
|2:00– 2:15 p.m.||Refreshment Break|
|2:15–3:15 p.m.||Concurrent Session II
|2:15–3:15 p.m.||Accounting and Tax Update
This session will review the most recent statements, ancillary information, and related developments on financial reporting and statutory accounting that impact PIAA companies, with primary emphasis on statutory accounting issues. There will be an update on the current status of the NAIC’s activities. Also, major GAAP and tax issues, and reporting requirements related to insurance companies, will be highlighted.
Business Value Alignment—What Your Company Can Gain by a Structured Business and IT Health Check
Utilizing an industry-standardized IT-Capability Maturity Framework (IT-CMF), the Health Check helps organizations devise more robust strategies, make better-informed decisions, and perform more effectively, efficiently, and consistently. At the end of the session, participants will be able to assess how effectively they measure current business and IT alignment for the creation of business value, and evaluate whether a structured approach would be beneficial.
|3:15– 3:30 p.m.||Refreshment Break|
|3:30–4:30 p.m.||Concurrent Session III
|3:30–4:30 p.m.||A.M. Best New BCAR Update
This session will outline the most recent changes to A.M. Best’s calculation of balance sheet strength and the amount of capital needed to support the risks on that balance sheet. The session will provide an overview of A.M. Best’s updated capital adequacy calculation, provide analysis on how the new calculation will impact PIAA companies, and highlight the components of A.M. Best’s “Building Block Approach” to the rating process.
Friday, October 6, 2017
|7:30–8:15 a.m.||Continental Breakfast|
|8:15–9:30 a.m.||General Session
Big Data and The Impact it Could Have on Our Industry
John Roberts, CPA, Managing Partner, Insurance, Dixon Hughes Goodman, LLP
|8:15–9:30 a.m.||As a consequence of the proliferation of big data in marketing, decision-making, and tracking, it has emerged as a significant analytic tool that must be considered when designing an operating environment. There are real questions about what types of data to collect, the cost of that data, and how to be transparent with both our employees and clients, as we utilize that data to make business decisions such as whether or not to accept risk and set discrete pricing. The decisions companies make today impact their longer-term policies on transparency, and how to garner trust, with their key constituent groups.|
|9:30–9:45 a.m.||Refreshment Break|
|9:45–11:00 a.m.||General Session
Politics and Policy in the Era of Trump
Tom Bevan, Co-Founder and Publisher, RealClearPolitics
|9:45–11:00 a.m.||Mr. Bevan will provide an insider’s perspective on the Trump administration’s efforts on policy in Washington, D.C., what to expect moving forward, and how the administration’s performance may affect the 2018 mid-term elections. At the end of the session, participants will have a better understanding of the political landscape in Washington.|