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Insurance Enterprise Risk Management
March 10-11, 2015

Agenda is tentative. Please check back for updates
Day One - March 10
8:00 am

Registration and Continental Breakfast Open

8:30 am

Introduction to Enterprise Risk Management and Risk Framework

  • Why it matters
  • Risk Appetite
  • Corporate Objectives and Guiding Principles
10:15 am

Break

10:30 am

Risk Identification and Assessment

  • Multiple phases
  • Key risk categories
  • Challenges in the process
11:45 am

Introduction to Case Study – “Lessons Learned from Past Events"

Featuring one of the oldest Property & Casualty insurance companies in the United States.
12:00 pm

Lunch

1:00 pm

Case Study - Team Assignment on Risk Identification

2:00 pm

Results of Case Study

2:30 pm

Break

2:45 pm

Risk Quantification and Reporting

  • Risk register/assessment scale
  • Mitigation: tolerances and controls
4:00 pm

Risk Modeling: How to Understand the Input and Interpret the Output

  • Approach: many parts at play
  • How the process works
  • Economic Capital: what the data means
  • Stressed scenarios
5:00 pm

Day One Concludes


Day Two - March 11
8:00 am

Continental Breakfast Opens

8:30 am

Developing a Risk Framework Process

  • Holistic overview of risk practices
  • Involved committees
10:15 am

Break

10:30 am

Understanding the Role of Risk Governance

  • Historical Volatility
  • Understanding and measuring volatility
  • Importance of reserve risk
11:15 am

Communicating Risk Metrics – Internally and Externally

  • Involved parties: management, Board of Directors, Rating Agencies, Regulators, Analysts
  • The message
12:00 pm

Lunch

1:00 pm

Case Study Two

2:00 pm

Operational Risk Management

  • Process and controls vs modeling and simulation
  • Management’s Top Risks
  • Operational risk process
  • Favorable practices
  • Examples
2:45 pm

Break

3:00 pm

Emerging Risk Management

  • What are the emerging risks?
  • Identify them and how to monitor
  • Modeling and estimating
  • Potential responses
4:00 pm

Program Concludes

Michael E. Angelina, ACAS, MAAA, CERA
Michael E. Angelina, ACAS, MAAA, CERAExecutive Director, Academy of Risk Management & Insurance, Erivan K. Haub School of Business, Saint Joseph’s University
Mike Angelina joined Saint Joseph's University in April 2012 to lead the Risk Management and Insurance program within the Haub School of Business. Prior to joining Saint Joseph’s, he was an executive officer with Bermuda based insurer and reinsurer, Endurance Specialty Holdings, Ltd., as Chief Risk Officer and Chief Actuary. In this capacity, he led the global pricing, reserving, and risk management functions with a particular emphasis on Enterprise Risk Management.

Mr. Angelina is an Associate of the Casualty Actuarial Society, a Chartered Enterprise Risk Analyst, and a Member of the American Academy of Actuaries, currently serving on the Academy Board of Directors as Vice President, Casualty. Mr. Angelina began his actuarial career with CIGNA and then joined Tillinghast (now Towers Watson) in 1988, where he participated in the development of Tillinghast's excess of loss pricing system and its Global Loss Distributions initiative, as well as numerous client assignments, with a focus on mergers and acquisitions, pricing and reserving for reinsurance companies, and multi-line insurers. Mr. Angelina worked for one year for Reliance Reinsurance Corp. as a vice president and actuary prior to returning to Tillinghast in 2000, leading the Philadelphia office.

Mr. Angelina is the co-author of Tillinghast's industry-wide asbestos actuarial study and participated in the development of the 2003 FAIR Act (proposed Federal asbestos legislation). Mr. Angelina is a member of the American Academy of Actuaries’ Committee on Property Liability Financial Reporting and Chairperson of its Casualty Practice Council. He also served as the Council’s Chairperson of the Emerging Issues Task Force. He is a frequent speaker at industry conferences, covering topics such as Enterprise Risk Management, Risk Governance, Loss Reserving, International Issues, Capital Allocation, Regulation, Market Conditions, and Pricing Trends.

Event Date:
March 10-11, 2015
Event Location:
Downtown Conference Center
157 William St
New York, NY, US

Insurance Enterprise Risk Management is appropriate for:

  • C-Level executives and board directors
  • Insurance professionals in administration, credit, finance, legal and operations that are involved in risk management for their firms
  • Consultants and legal advisors
  • Operating unit executives and other risk managers 

This program is designed for insurance professionals already managing risk at some level. Materials assume an intermediate to advanced understanding of a financial institution's operations and business model and presumes a working knowledge of financial concepts as well as familiarity with the insurance industry.

 

Event Date:
March 10-11, 2015
Venue:
Downtown Conference Center
157 William St
New York, NY, US
Phone:
212-618-6990
Website:
http://www.downtownmeetings.com

Directions to the Downtown Conference Center can be found by clicking the map below:

Downtown Conference Center - Map

Accommodations:

Although lodging is not provided as part of this program, the hotels listed below are convenient to the Downtown Conference Center.

Millennium Hilton
55 Church St.
212-693-2001
800-Hiltons

Gild Hall
15 Gold St.
212-232-7700
800-268-0700

Seaport Inn 
33 Peck Slip
212-766-6600

Hampton Inn Seaport
320 Pearl St.
212-571-4400

Conrad Hotel
102 North End Ave.
212-945-0100

Eurostars Wall Street Hotel 
129 Front St.
212-742-0003

Wall Street Inn 
9 S William St.
212-747-1500

Ritz-Carlton Battery Park 
2 West St.
212-344-0800


CFA Institute

13 Hours of Continuing Education Credit

SNL Knowledge Center is registered with CFA Institute as an Approved Provider of professional development programs. This program is eligible for 13 CE credit hours as granted by CFA Institute If you are a CFA Institute member, CE credit for your attendance at this event will be automatically recorded in your CE Diary upon request.

National Association of State Boards of Accountancy

15 Hours of Continuing Education Credit

Participants who complete this program qualify for 15 hours of CPE credit (Specialized Knowledge and Applications). Program Level: Intermediate. Delivery Method: Group-Live. SNL Knowledge Center is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 4th Ave N, Ste 700, Nashville, TN, 37219-2417. Website: www.nasba.org.

What is the dress code?
Business casual

Do I need a laptop?
No.

What is your cancellation policy?
Cancellations for this program are eligible for a full refund, less a $150.00 administrative fee, if received at least 15 business days prior to the start of the program. Cancellations received after that date but at least 5 business days prior to the start of the program receive a credit in the amount of the registration fee, less a $150.00 administrative fee, to attend another SNL Knowledge Center program within 13 months. Cancellations received fewer than 5 business days prior to the start of the program are not eligible for a refund or credit.

Attendee substitutions from the same company may be made at any time.

In the event of a cancellation from a group discount, refunds or credits are issued beginning with the most heavily discounted price, minus a $150.00 administration fee.

"No shows" - or those who cancel within 15 days of the program - and have registered under the Invoice option, remain liable for the full program fee.

SNL Knowledge Center reserves the right to cancel/change programs, content, speakers or venue at any time. SNL Knowledge Center reserves the right to make portions of the program registration information available to program sponsors. SNL Knowledge Center will not be held liable for any costs incurred by registrant due to individual registration cancellation. In the event that a seminar is cancelled due to inclement weather, faculty cancellation or force majeure, SNL Knowledge Center will refund the registrant's tuition in full, however SNL Knowledge Center will not be liable for incidental or consequential out of pocket expenses incurred by the registrant. If you have questions regarding SNL Knowledge Center's refund, complaint or program cancellation policy, please call us at (434) 951-7786.

Registrant, as an individual person attending a SNL Knowledge Center conference, seminar, or other program, hereby grants permission to the SNL Knowledge Center to use and publish his or her image, likeness, or testimonials collected in connection with the program for advertising and trade purposes in connection with SNL Knowledge Center’s conferences, instructional, and/or marketing activities.