Insurance Industry Conference (IN PERSON ATTENDANCE)

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IIC  |  In Person Training  |  Update  |  Scheduled

Special Notes

  • You may also attend this program via live webcast from your own computer. Register for the live webcast option HERE.
  • Reserved your overnight accommodations at the Sheraton West Des Moines by May 28 in order to receive the negotiated room rate of $125.
  • Conference materials will be distributed electronically to all participants 5-7 days prior to the conference.

Curriculum

  • Accounting
  • Economics
  • Ethics
  • Specialized Knowledge
  • Technology
  • Taxation

Designed For

CPAs and financial professionals working in or with insurance industry organizations.

Objectives

To provide the latest information on current issues affecting the insurance industry.

Your Price: $305.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations. This price includes the early-bird discount. Full prices will be applicable to all registrations after June 4, 2019.

Members log in and save $50.00 on this event. Not a member? join today.

Sessions

June 18, 2019

8:10am - 8:55am (Central Time)
$0.00

At the end of January 2019, the U.S. economy was in its second longest expansion of the modern economic era. After the Federal Reserve raised rates from 2016–2018, there was a willingness to assess the situation in-light-of significant volatility in the financial markets. This forecast for the U.S. and global economies will bring potential domestic headwinds and global risk factors that may alter the course of the current expansion. This session will apprise you of the state of the economy and help ensure you go the distance.

Kenneth Kim, CBE | KPMG

8:55am - 9:15am (Central Time)
$0.00

Join Iowa Insurance Commissioner, Doug Ommen, for an update on current issues at the Iowa Insurance Division and how they may affect the insurance industry and your day-to-day.

Doug Ommen, J.D. | Iowa Insurance Division

Select One and Only One
9:30am - 10:25am (Central Time)
$0.00

Most insurers will soon be adopting several significant new accounting standards. This session will update you on accounting and reporting implications, as well as implementation issues. Areas of focus will include targeted improvements to the accounting standards for long-duration contracts and credit losses for financial instruments.

Michael Hartt, CPA and Kara Wilson, CPA | PwC

9:30am - 10:25am (Central Time)
$0.00

Catch-up on recent trends in reinsurance and related financial issues. This session will touch briefly on reinsurance basics and trace some recent trends through their impact on reinsurance contract wording.

Jane Furnas | Guy Carpenter & Company LLC

9:30am - 10:25am (Central Time)
$0.00

Robotics and artificial intelligence are gaining traction in the insurance industry. This session will focus on real-world examples of how companies are leveraging this technology in their finance and accounting functions to drive process automation. The panelists will provide practical insights and actionable ideas to help jumpstart your journey into the future. Questions welcome!

Note: This session will be recorded so you may view it later; no additional CPE credit will be available.

Kyle Meredith, CMI and Luke Nelson | KPMG
Anisha Patanjali Biggers and Lores Schwind (moderator) | EY
Alex Randell, CBA | Principal

Select One and Only One
10:35am - 11:30am (Central Time)
$0.00

The NAIC has finalized the 2019 RBC formulas and expects to finalize the 2019 Annual Statement in June. This annual update will cover these topics as well as 2019 material changes to the Life/Fraternal statement (which have now been combined) and numerous Schedule D changes.

Connie Jasper Woodroof, FLMI | Sapiens

10:35am - 11:30am (Central Time)
$0.00

This session highlights key changes to U.S. GAAP as a result of ASU 2018-12, Targeted Improvements to the Accounting for Long-Duration Contracts, and implementation considerations.

Todd Ross, CPA | KPMG

10:35am - 11:30am (Central Time)
$0.00

This update on insurance company mergers and acquisitions will cover industry trends, deal activity, market participants, pre and post-acquisition considerations, and common deal issues. The importance of due diligence in finance, accounting, tax, technology, actuarial and human resources will also be addressed.

John Marra, CPA | PwC

Select One and Only One
11:30am - 11:35am (Central Time)
$0.00
11:30am - 11:35am (Central Time)
$0.00
11:40am - 12:30pm (Central Time)
$0.00

We live in a VUCA world, one characterized by its Volatility, Uncertainty, Complexity and Ambiguity. To thrive in this rapidly changing world, it is critical that we find the courage to do the right thing and to serve our organizations and colleagues with integrity. This session will examine skill sets needed to survive and thrive in this world with integrity and authenticity.

NOTE: This session is optional and qualifies for one additional hour of CPE credit. It will not be available for the webcast audience.

Tom Westbrook, Ph.D. | Learn Associates

12:40pm - 1:40pm (Central Time)
$0.00

Tyler Hamilton was once one of the world’s top-ranked cyclists–a fierce competitor renowned among his peers for his uncanny endurance and epic tolerance for pain. Weeks after Hamilton reached his own personal pinnacle—winning the gold medal at the 2004 Olympics—his career came to a shocking end. He was found guilty of doping and exiled from the sport. Tyler’s story is an example of how culture can drive behavior, not just in sports, but in business and in life. He will speak to how values can be easily compromised and the transformational power of truth.

Tyler Hamilton

Select One and Only One
1:50pm - 2:45pm (Central Time)
$0.00

Like all finance functions, actuarial is seeing tremendous change driven by competitive, regulatory and technological forces. This session will discuss the current environment and how it is impacting actuarial functions.

Ken McCullum, FSA, MAAA | Principal

1:50pm - 2:45pm (Central Time)
$0.00

Blockchain is one of the most hyped technologies this year. Is it all just hype, or is there more to it? In this presentation, Jay will walk you through what blockchain is, how it works, and its impact on CPAs and our clients. Real-world applications in food, finance and real estate will be examined.

Note: This session will be recorded so you may view it later. No additional CPE credit will be available.

Jay Schulman | RSM US

1:50pm - 2:45pm (Central Time)
$0.00

This session will cover recent tax developments and their impact on the insurance industry. You will walk away with information on how tax implications can affect the way you are doing business and further your role as a trusted advisor for your organization and/or clients.

Kristen Shaffer, CPA | EY

3:00pm - 4:00pm (Central Time)
$0.00

A dynamic economy, changing regulations, innovative products and processes are some of the outside forces impacting the insurance industry today. Hear from Iowa insurance industry leaders in this dynamic, fast-paced session. Send your questions in advance with your registration to knicholson@iacpa.org.

Jim Brannen, CPA | FBL Financial Group, Inc.
Elisabeth Sandersfeld | GuideOne Insurance
Susan Voss, J.D. |American Enterprise
Kathleen Till Stange, CPA, CGMA (moderator) | FBL Financial Group Inc.

Instructors

Connie Jasper Woodroof

Show Bio

Connie Jasper Woodroof is the NAIC liaison for StoneRiver, a position she has held since 2002. She helps StoneRiver and its clients keep abreast of events at the NAIC. Connie is active on several industry interested parties groups for NAIC issues and serve as a co-chair of the Blanks interested party group.

Connie began her career in the insurance industry in 1984 completing statutory filings for both Life and Property/Casualty companies. She spent nine years with the NAIC where she served in various capacities; reviewing of annual statements for quality, testing of RBC formulas and software during formula development, and assisting with the development and teaching of an industry educational series.

Connie is a volunteer on the national level for the Insurance Accounting & Systems Association (IASA), currently serving as a member of the Accounting, Risk Management, and Finance (ARF) and eLearning committees, and contributes to the IASA accounting textbooks. Woodroof holds a B.S. in Accounting and a M.A. in General Psychology.

Tyler Hamilton

Show Bio

Tyler Hamilton is a former professional cyclist and a New York Times Best Selling author. Tyler was once one of the world’s top-ranked cyclists—a fierce competitor renowned among his peers for his uncanny endurance and epic tolerance for pain. He started his career with the U.S. Postal Service team in the 1990s and quickly rose to become Lance Armstrong’s most trusted lieutenant, and a member of his inner circle.

For the first three of Armstrong’s record seven Tour de France victories, Tyler was by Armstrong’s side, clearing his way. But just weeks after he reached his own personal pinnacle—winning the gold medal at the 2004 Olympics—his career came to a sudden end: Tyler was found guilty of doping and exiled from the sport. Denying the use of performance enhancing drugs in the years that followed he was forced to come to terms with his past in 2010 when the federal government launched an investigation into systematic doping on the U.S. Postal Service team. Tyler was subpoenaed to testify before a grand jury and for the first time, broke the code of silence that had protected the sport’s hard truth for so long. His testimony chronicled a shocking culture of performance enhancing drug use encouraged and aided by team doctors, managers and coaches, and a dark world in which the sport’s top performers lived.

In 2012, Tyler released his memoir, The Secret Race: Inside the Hidden World of the Tour de France: Doping, Cover-ups, and Winning at All Costs, a riveting journey into the heart of a never before seen world, the stark choices that went along with his decision to compete at a world class level and his complicated relationship with Lance Armstrong. The book became an instant New York Times bestseller and was the recipient of the prestigious William Hill Sports Book of the Year Award. Freed from the burden of hiding the truth and being able to tell a story that only a few short years ago would have seemed unimaginable, Tyler’s story is an example of how culture can drive behavior –not just in sports, but in business and in life –and how values can be easily compromised as a consequence. He is also a testament to the transformational power of the truth. Tyler raced professionally from 1995 to 2008 and now runs his own training business for cyclists of all levels, Tyler Hamilton Training LLC. He currently lives in Missoula, Montana.

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