EVENT

September 12 - 13, 2018

KPMG’s 30th Annual Insurance Industry Conference

Wednesday, September 12, 2018 08:00

-

Thursday, September 13, 2018 17:00

Sheraton New York Times Square Hotel, 811 7th Avenue | New York, NY

  • Overview
  • Agenda
  • Workshop Agenda
  • Speakers
  • Past Conference Highlights
  • Videos
  • Top insurance trends from KPMG innovation labs

Overview

Insurers continue to focus on growth and meeting customer demands as technology, industry newcomers, and innovation impact their business model. These issues, and many more, are pushing insurers to embrace new ways of thinking.

KPMG’s 30th Annual Insurance Industry Conference, to be held on September 12–13 at the Sheraton New York Times Square Hotel, will bring together senior insurance executives and thought leaders to discuss these issues. We will hear from industry leaders on issues impacting insurance companies, including the effects of the digital economy, the changing workforce, and what’s next in U.S. tax reform for our sector.

Please plan to join us for a series of dynamic debates and discussions as we anticipate another thought-provoking, do-not-miss industry event.

Dates and venue

This intensive day-and-a-half program consists of general sessions, breakout discussions, and keynote presentations by distinguished leaders.

Day 1: Wednesday, September 12

  • 7:30 am - 8:30 am: Registration and breakfast
  • 8:30 am - 5:30 pm: Conference (lunch provided)

Day 2: Thursday, September 13

  • 7:00 am - 8:00 am: Registration and breakfast
  • 8:00 am - 3:00 pm: Conference (lunch provided)

Location

Sheraton New York Times

Square Hotel, 811 7th Avenue, New York, NY

Website

Who should attend

  • Industry C-Suite executives
  • Board members
  • Strategy and operations leaders
  • Business unit leaders
  • Financial and accounting senior management
  • Risk and compliance executives

Additional details or questions

For additional questions, please email jcrush@kpmg.com.

 

 

Agenda

Wednesday, September 12, 2018
Time:
Topic:
7:00 – 8:30 a.m.
Registration and continental breakfast
8:30 – 9:20 a.m.
General Session I: Welcome and State of the Insurance Industry
Speaker:
Edward Chanda, Partner, National Sector Leader, Insurance, KPMG LLP
Insurers continue to focus on growth—addressing challenges and seeking opportunities in an ever-changing industry. This session will provide an overview of the current state of the insurance industry, key trends, and what insurers should be considering as they look to the future.
9:20 – 10:20 a.m.
General Session II:
Speaker:
Terrance Williams, Chief Marketing Officer and President, Emerging Businesses, Nationwide
As both the Chief Marketing Officer and President for Emerging Businesses, Terrance will discuss how Nationwide is positioning the brand for future success by responding to a dynamic landscape through innovation, corporate ventures and more.
10:20 – 10:35 a.m.
Networking break
10:35 – 11:35 a.m.
General Session III: The Economic Environment and the Insurance Industry
Speaker: Constance Hunter, Chief Economist, KPMG LLP
Global growth is no longer synchronized, and headwinds are building, yet U.S. growth is healthy with business and consumer confidence trending upwards. Constance Hunter will share her insights on the U.S. and global economies and how current economic indicators will impact the insurance industry.
11:35 a.m. – 12:35 p.m.
General Session IV: Automation and the Workforce
Robert Bolton, Partner, Global HR Center of Excellence, KPMG in the UK
12:35 – 1:30 p.m.
Lunch
1:30 – 2:20 p.m.
Concurrent Session I:
IA: Accounting Update: Financial Instruments
Speakers:
David Augustyn, Partner, Advisory, Accounting Advisory Services, KPMG LLP
Michael Gaiso, Managing Director, Audit, Accounting Standards, KPMG LLP
This session will be a discussion of the new standards impacting financial instruments, including CECL and IFRS 9.
IB: Accounting Update: Non-financial Instruments
Speakers:
Alan Goad, Partner, Audit, Practice Advisory/SEC, KPMG LLP
Scott Bain, Director, Advisory, Accounting Advisory Services, KPMG LLP
This session will be a discussion of the FASB long-duration contract project and new standards for revenue recognition and leases.
IC: Innovation in Claims
Speaker:
Scott Shapiro, Principal, Advisory, Risk Analytics, KPMG LLP
Claims represents the greatest opportunity for insurers to differentiate themselves and exceed customer expectations. This session will focus on innovative areas in the claims arena, including machine-learning applications using advanced analytics.
ID: The Future of Finance
Speakers:
Allen Narkiewicz, Partner, Advisory, Financial Management, KPMG LLP
Most insurance companies have finance technologies that are on-premises and will be approaching end-of-life in the 2020s. Furthermore, finance organizations continue to look for ways to optimize their service delivery while enhancing their value as business partners. This, and upcoming accounting changes, are all driving finance to relook at their current technologies. Developments in finance technologies and leveraging SaaS-based applications can provide a meaningful change and impact on finance organizations. This session will help insurers understand how the finance technology landscape changes, enabling finance organizations to be future ready.
2:25 – 3:15 p.m.
Concurrent Session II:
IA: Accounting Update: Financial Instruments
Speakers:
David Augustyn, Partner, Advisory, Accounting Advisory Services, KPMG LLP
Michael Gaiso, Managing Director, Audit, Accounting Standards, KPMG LLP
This session will be a discussion of the new standards impacting financial instruments, including CECL and IFRS 9.
IB: Accounting Update: Nonfinancial Instruments
Speakers:
Alan Goad, Partner, Audit, Practice Advisory/SEC, KPMG LLP
Scott Bain, Director, Advisory, Accounting Advisory Services, KPMG LLP
This session will be a discussion of the FASB long-duration contract project and new standards for revenue recognition and leases.
IC: Innovation in Claims
Speaker:
Scott Shapiro, Principal, Advisory, Risk Analytics, KPMG LLP
Claims represents the greatest opportunity for insurers to differentiate themselves and exceed customer expectations. This session will focus on innovative areas in the claims arena, including machine-learning applications using advanced analytics.
ID: Insights with Arity
Speaker:
David Montes, Principal, Advisory, Corporate Strategy, KPMG LLP
Matt Manzella, Director- Insurance Solutions Customer Development, Arity
Understanding driving behavior will help insurers understand the customer and reduce loss. Making transportation safer, smarter, and more useful for everyone is critical and can be achieved by using mobility-related data to enable better decision making. This discussion will uncover valuable insights, using a driving score that combines traditional, nontelematics data with driving data.
3:15 – 3:45 p.m.
Networking break
3:45 – 4:45 p.m.
General Session V: Bill Pieroni, President & CEO, ACORD
Digitization, Insuretech & Change
Bill Pieroni will share the results of a recent analysis exploring the linkage between digital maturity and financial performance across the global industry. The presentation will highlight key findings and implications from the ACORD study, which examined digital maturity versus key financial and operating metrics over the last seven years. The study examines the results from the top 100 carriers worldwide and focuses on the fundamental question of whether or not digital maturity correlates to high performance. Additionally, Bill will review the digitization imperative in the context of emerging Insurtech, change management, strategy development, and execution.
4:45 – 5:45 p.m.
General Session VI: The US policy and political outlook
Stephen E. Allis, Principal, Government Affairs, KPMG LLP
5:45 p.m.
Close
5:45 – 7:00 p.m.
Networking reception
Thursday, September 13, 2018
7:30 – 8:30 a.m.
Continental breakfast
8:30 – 8:45 a.m.
General Session I: Welcome Back and Opening Remarks
Edward Chanda, Partner, National Sector Leader, Insurance, KPMG LLP
8:45 – 9:45 a.m.
General Session II: Industry Speaker
Steve Shebik, Vice Chair, The Allstate Corporation
Steve Shebik will share his insights on the major trends impacting the insurance industry and perspectives on taking advantage of the opportunities that are presenting themselves.
9:45– 10:45 a.m.
General Session III: Discussion of the Tax Reform and the Impact on the Insurance Industry
Speakers:
Phil Jacobs, Principal, Tax Industry Leader, Insurance, KPMG LLP
John Gimigliano, Principal, Tax, KPMG LLP
The 2017 tax reform bill was the first significant revamp of the U.S. tax law in 31 years. The bill fundamentally changes the way organizations are approaching global activity. This session will focus on the business environment following tax reform, prospects for additional guidance, and implications for the insurance industry.
10:45 - 11:30 a.m.
Networking break
11:30 a.m. – 12:20 p.m.
Concurrent Session I:
IA: NAIC Reporting and Regulatory Overview
Speakers:
Paul Munter, Partner, Audit, Accounting Standards, KPMG LLP
Olga Roberts, Managing Director, Audit, Practice Advisory/SEC, KPMG LLP
This session will cover recent statutory accounting developments, recent NAIC regulatory activity with financial reporting implications, and SEC matters.
IB: AI Enabled Insurer of the Future
Speaker:
Michael Adler, Principal, Advisory, Financial Management, KPMG LLP
Many insurers have a significant focus on profitable growth and operational efficiency. As they embark on programs to deliver results in these areas, they are leveraging enabling technologies and capabilities such as intelligent automation and artificial intelligence. These technologies have significant potential and are often mentioned as disruptors. However, many insurers are just starting efforts with these capabilities or have struggled to achieve the benefits and scale they have looked for. We will talk about specific actions insurers should take today to deliver benefits in the short term while establishing a foundation to enable the enterprise to leverage and scale these capabilities to deliver growth, efficiency and insight.
IC: Islands of Autonomy: How autonomous vehicles will emerge around the world and the insurance factor
Speakers:
Gary Silberg, Partner, Advisory, Financial Due Diligence, KPMG LLP
Scott Shapiro, Principal, Advisory, Risk Analytics, KPMG LLP
Across the world, a trillion-dollar market is swiftly developing around a new and disruptive transportation mode: driverless vehicles coupled with mobility services. But the embrace—the adoption of this new transportation mode—will not be immediate and everywhere. Instead it will arrive metro market by metro market in what we call “islands of autonomy.” This session will focus on “the islands of autonomy” and how insurers will require a new way of thinking based on complex new analyses, to win in this marketplace of the future.
ID: Me, My Life, My Wallet
Speaker:
Deno W. Fischer, Principal, Customer Solutions Advisory, KPMG LLP
Understanding increasingly complex forces that influence decision making that open and close the customer wallet is critical to insurers. This session will provide KPMG’s perspective on what is driving consumer behavior broadly and highlight our findings from our global analysis, Me, My Life, My Wallet around consumer behavior, and how it relates to insurance.
12:20 – 1:15 p.m.
Lunch
1:15 – 2:05 p.m.
Concurrent Session II:
IA: NAIC Reporting and Regulatory Overview
Speakers:
Paul Munter, Partner, Audit, Accounting Standards
Olga Roberts, Managing Director, Audit, Practice Advisory/SEC
This session will cover recent statutory accounting developments, recent NAIC regulatory activity with financial reporting implications, and SEC matters.
IB: Security Transformation: Building resilience against cyber threats
Speaker:
Charlie Jacco, Principal, Cyber Security Services, KPMG LLP
In an era where we continue to hear “breaches are inevitable”, it can be difficult to know when you are doing enough of the right things while not overspending to reach the same results. This session will explore some common communication challenges that occur between security leaders and C-level executives when evaluating Information Security effectiveness. We will also highlight how insurers look at cybersecurity through the lenses of business risk and resiliency to provide a clearer path forward.
IC: Islands of Autonomy: How autonomous vehicles will emerge around the world and the insurance factor
Speakers:
Gary Silberg, Partner, Advisory, Financial Due Diligence
Scott Shapiro, Principal, Advisory, Risk Analytics
Across the world, a trillion-dollar market is swiftly developing around a new and disruptive transportation mode: driverless vehicles coupled with mobility services. But the embrace—the adoption of this new transportation mode—will not be immediate and everywhere. Instead it will arrive metro market by metro market in what we call “islands of autonomy.” This session will focus on “the islands of autonomy” and how insurers will require a new way of thinking based on complex new analyses, to win in this marketplace of the future.
ID: AI Enabled Insurer of the Future
Speaker:
Michael Adler, Principal, Advisory, Financial Management, KPMG LLP
Many insurers have a significant focus on profitable growth and operational efficiency. As they embark on programs to deliver results in these areas, they are leveraging enabling technologies and capabilities such as intelligent automation and artificial intelligence. These technologies have significant potential and are often mentioned as disruptors. However, many insurers are just starting efforts with these capabilities or have struggled to achieve the benefits and scale they have looked for. We will talk about specific actions insurers should take today to deliver benefits in the short term while establishing a foundation to enable the enterprise to leverage and scale these capabilities to deliver growth, efficiency and insight.
2:10 – 3:00 p.m.
Concurrent Session III:
IA: The Future of Finance
Speakers:
David Fourie, Partner, Advisory, Financial Management, KPMG LLP
Stephen Dowling, Director, Advisory, Financial Management, KPMG LLP
Most insurance companies have finance technologies that are on-premises and will be approaching end-of live in the 2020s. Furthermore, finance organizations continue to look for ways to optimize what/how they deliver their services. This, and the upcoming IFRS and GAAP accounting changes are all driving finance to relook at their technologies. Relooking at technology and leveraging the newer generation and SaaS based application can have a meaningful change and impact on finance organizations. This can help them be future ready and also provide never-seen-before agility and flexibility to support the business.
IB: Global Insurance M&A
Speaker:
Ram Menon, Partner, Global & U.S. Insurance Deal Advisory, KPMG LLP
According to KPMG’s 2018 CEO Outlook Survey, U.S. financial services CEOs are employing a range of strategies, with strategic alliances and M&A their top priority. This session will help insurers understand the key drivers shaping M&A, strategy and innovation in the industry as well as the factors influencing the strategic deployment of capital for transformational and innovative objectives.
IC: IFRS 17 Update
Speakers:
Laura Gray, Principal, Advisory, Risk Analytics, KPMG LLP
Bryce Ehrhardt, Director, Advisory, Accounting Advisory Services, KPMG LLP
Discussion of IFRS 17, including IFRS 17 Transition Resource Group Activity
ID: Security Transformation: Building resilience against cyber threats
Speaker:
Charlie Jacco, Principal, Cyber Security Services, KPMG LLP
In an era where we continue to hear “breaches are inevitable”, it can be difficult to know when you are doing enough of the right things while not overspending to reach the same results. This session will explore some common communication challenges that occur between security leaders and C-level executives when evaluating Information Security effectiveness. We will also highlight how insurers look at cybersecurity through the lenses of business risk and resiliency to provide a clearer path forward.
3:00 p.m.
Conference ends

Workshop Agenda

Tuesday, September 11, 2018
Time:
Topic:
Speaker:
11:30 a.m. – 12:00 p.m.
Lunch
12:00 – 12:15 p.m.
Welcome Remarks
Ed Chanda, National Sector Leader, Insurance
Laura Gray, Insurance Accounting Change, Co-Leader
Michael Lammons, Insurance Accounting Change, Co-Leader
12:15 – 12:45 p.m.
Accounting Change Overview
Michael Lammons, Insurance Accounting Change Co-Leader
12:45 – 1:15 p.m.
NAIC Update and Principles Based Reserving
Emily Cassidy, Manager, Risk Analytics
Olga Roberts, Department of Professional Practice
1:15 – 2:30 p.m.
Technical Overview: Long Duration
Laura Gray, Insurance Accounting Change, Co-Leader
2:30 – 2:45 p.m.
Break
2:45 – 3:45 p.m.
CECL for Insurers
Michael Lammons, Insurance Accounting Change Co-Leader
Scott Bain, Director, Accounting Advisory Services
3:45 – 5:00 p.m.
The Role of Systems and Technology in Insurance Change
Nilotpal Roy, Managing Director, Risk Analytics
5:00 – 5:30 p.m.
SAS Demo
Scott Bain, Director, Deal Advisory
David Anderson, Advisory Manager
Srini Iyer, Director, Risk and Quantitative Solutions
5:30 – 5:45 p.m.
Closing Remarks
Laura Gray, Insurance Accounting Change, Co-Leader
Michael Lammons, Insurance Accounting Change, Co-Leader

Speakers

Speakers:

William Pieroni

William Pieroni

President & CEO, ACORD

Steve Shebik

Steve Shebik

Vice Chair, The Allstate Corporation

Robert Bolton

Robert Bolton

Partner, People & Change, KPMG (UK)

Terrance Williams

Terrance Williams

Chief Marketing Officer & President, Emerging Businesses, Nationwide

Past Conference Highlights

KPMG’s 2017 Insurance Industry Conference – see the highlights!

We are pleased to provide a video recap of the 2017 Insurance Industry Conference. 

Videos

 

The Future is Already Here

A look at the future of the insurance industry and the changing customer demographic. Autonomous vehicles, mobility service industry advancements, drones, nanotechnology, and advancements in medical technologies will all change the landscape of the insurance industry in the future.

 

Change is the New Normal

A look back at the past 30 years in insurance and how the insurance industry has evolved. The insurance industry needs to continue its newfound culture of innovation. Humans and machines will interact in ways unimagined 30 years ago.

Top insurance trends from KPMG innovation labs

Evolving distribution channel

Watch now

Technology innovation

Watch now

Platform business models

Watch now