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Life Insurance Valuation
September 15, 2015

Life Insurance Valuation Agenda - September 15
8:00 am

Registration and Continental Breakfast Opens

  • Ambassador Financial Group
  • Ambassador Financial Group
8:30 am


9:00 am

Valuing Life Insurers

11:00 am

Refreshment Break

11:15 am

Valuing Life Insurers Cont'd

12:00 pm


1:00 pm

Actuarial Valuation

Stuart Silverman, FSA, MAA, CERA
Principal, Consulting Actuary
2:30 pm

Refreshment Break

2:45 pm

Walk-through of Equitable of Iowa Appraisal and Life Exercise

3:45 pm

American Equity Case Study: Market Valuation of a Life Insurer

5:30 pm


Jukka Lipponen, CFA
Jukka Lipponen, CFAPresident, Independent Insurance Analysts LLC

As President of Independent Insurance Analysts, Jukka has more than 20 years of experience in insurance and financial services. He currently provides independent investment analysis and credit research on life and P&C companies to institutional investors, as well as buyers and distributors of insurance company products.

Mr. Lipponen's prior positions include Senior Vice President at Keefe, Bruyette & Woods and President and Managing Director at The Townsend & Schupp Company. He is a CFA charter holder and holds a BBA and MBA from Florida Atlantic University.

William Wilt, CFA
William Wilt, CFAPresident, Assured Research LLC

William Wilt is the president of Assured Research, LLC, a research and advisory firm with experience researching and analyzing business and product development initiatives, insurance companies, as well as financial, operational and investing trends in the property/casualty insurance industry.

Bill's nearly 25-year career in insurance encompasses a range of professional roles.  Bill began his career as an actuary at a major reinsurance company and continued in the actuarial profession at a Big Four accounting firm.  Bill spent five years as a senior analyst at Moody's Investors Service, followed by seven years at Morgan Stanley, where he was the lead equity analyst following over 20 (re)insurance stocks.  Prior to forming Assured Research, Bill worked in corporate development at two insurance companies where he oversaw M&A, risk management and business development, as well as rating agency relations.

Bill is a Fellow of the Casualty Actuarial Society and a Chartered Financial Analyst with degrees from Franklin and Marshall College and New York University's Stern School of Business.

Event Date:
September 15, 2015
Event Location:
New York, NY, US
Registration Fee:
$1,195 Life Insurance Valuation $2,995 Life Insurance Valuation + P&C Insurance Valuation (held Sept. 16-17)

To register for both P&C Insurance Valuation and Life Insurance Valuation, simply click register now and select the "Full Session" option. 

Your registration includes all program work materials, plus continental breakfast and lunch for each day you are registered.


This program is designed for:

  • Investment banking analysts and associates
  • Insurance company financial managers
  • Corporate development officers
  • Buy & sell-side sector analysts
  • Regulators
  • Rating agency professionals
  • Accountants and actuaries who provide advisory services to insurers

This program presumes a strong working knowledge of accounting and finance concepts as well as a basic familiarity with the insurance industry.

ACA Capital Holdings
Aetna, Inc.
Allstate Insurance
American Appraisal Assocs.
American Capital Strategies
American Fidelity Assurance
Arkansas Insurance Dept.
AXA Financial
Bank of Bermuda
Barclays Global Investors
Bernstein Investment Research 
Centene Corp
Centerview Partners
Charles Schwab
Chubb & Son
Cincinnati Financial Corp
Citigroup Global Markets
Credit Suisse
Denver Investment Advisors
Deutsche Bank
Duff & Phelps
Emerald Advisers
Equinox Management Partners
Erie Insurance Company
Farallon Capital Management
FBL Financial Group
Financial Stocks, Inc.
First Nonprofit Insurance Co.
Folksamerica Reinsurance
Forethought Financial Services
Friedman Billings Ramsey
FTN Midwest Securities
Generali Holding Vienna AG
Genworth Financial
Gill and Roeser
Glitnir Securities
Guy Carpenter & Co.
HBK Investments
HCC Insurance Holdings
Hartford Financial Services
Harvard University
Houlihan Lokey Howard & Zukin
Hudson Insurance
ING Insurance Company of America
JPMorgan Chase
KeyBancCapital Markets
Lazard, Freres & Co.
Liberty International Underwriters Canada
MassMutual Financial Group 
Manning & Napier Advisors
McKinsey & Company
Menta Capital
Merrill Lynch & Co.
Met Life
Mystic Capital Advisors
National Life Group
Navigant Consulting
NOVA Casualty Company
OFI Insitutional  Asset Management
Ohio Mutual Insurance
Palo Alto Investors
Penn National Insurance
Piper Jaffray & Co.
ProAssurance Corporation
QBE Reinsurance Corporation
RBC Capital Markets Corporation
Robert W. Baird & Co.
Reed, Conner & Birdwell
RLI Insurance
RBC Capital Markets
Sage Advisory Services
Sandler O'Neill & Partners
Scotia Capital
Selective Insurance Group
Sentry Insurance
Standard & Poor's Corporation
State of Wisconsin Investment Board
The Midland Company
Turnberry Capital Partners
UMB Financial Corporation
U.S. Bancorp
United Guaranty Corp.
Unum Group
W.R. Berkley Corp
Wells Fargo Bank
Western & Southern Life Insurance
XL Capital
Event Date:
September 15, 2015
New York, NY, US
CFA Institute

7.5 Hours of Continuing Education Credit

SNL Knowledge Center is registered with CFA Institute as an Approved Provider of professional development programs. CFA Institute members who complete this program in its entirety are eligible for 7.5 CE credit hours as granted by CFA Institute. If you are a CFA Institute member, PD credit for your attendance at this event will be automatically recorded in your PD Diary.

National Association of State Boards of Accountancy

9 Hours of CPE Credit

Participants who complete this program in its entirety qualify for 9 hours of CPE Specialized Knowledge and Applications credit. Program Level: Beginner. 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 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web site: www.nasba.org.

What is the dress code?
Business casual

Do I need a laptop? A calculator?
Participants attending either P&C program will need to bring a laptop and calculator. 

Is there required pre-reading?
No.  We strongly encourage you to review the suggested materials prior to the start of the program.

What is the 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.