Insurance Industry Conference (VIRTUAL CONFERENCE)

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IIC-WEB  |  Webcasts & Webinars  |  Update  |  Scheduled

Special Notes

  • Due to the COVID-19 pandemic, this conference will only be available via live webcast.
  • eMaterials and login instructions will be available to download 3-5 days prior to the course in the My CPE Tracker section of the ISCPA website. 

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.

Highlights

Check back additional information on session content.

Your Price: $315.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations.

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

Sessions

June 16, 2020

8:00am - 8:10am (Central Time)
$0.00
8:10am - 8:30am (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 work.

Doug Ommen, J.D. | Iowa Insurance Division

8:35am - 9:20am (Central Time)
$0.00

Catch-up on the impacts of the CARES Act and future coronavirus-related legislation as well as other priorities in the 115th Congress. Scott will also provide a preview of the 2020 Election.

Scott McLucas | KPMG LLP

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

Explore capital management best practices for insurance companies, including but not limited to capital assessment (i.e. ORSA), capital monitoring, capital reporting (both internal and external), and capital planning. David will cover how these best practices can be put into action in the context of COVID-19 and how insurers can effectively manage capital while navigating a crisis situation and the subsequent recovery.

David Mamane, FCIA, FCAS | RSM Canada

10:30am - 11:20am (Central Time)
$0.00

In this interactive exercise, participants will learn how their mind alters facts and situations to achieve personal desires over organizational goals. These transformations occur automatically in the subconscious mind. Organizations may inadvertently promote unethical behaviors of their leaders and employees unless they establish proactive methods to mitigate these processes.

Bret Hood, CPA

12:05pm - 12:55pm (Central Time)
$0.00

Learn about current trends in insurance fraud, criminal cases and some of the new initiatives from the Iowa Insurance Division’s Fraud Bureau.

Ben Olejnik, CPA, CFE | Iowa Insurance Division

Select One and Only One
1:05pm - 2:00pm (Central Time)
$0.00

This session includes updates on: 
• Financial instrument impairment (CECL)
• FASB deferral of effective dates
• Hedging
• Goodwill impairment
• Cloud computing
• Simplifying the accounting for income taxes

Michael Hartt, CPA | PwC

1:05pm - 2:00pm (Central Time)
$0.00

Learn about 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.

Teresa Fitzgerald, CPA | KPMG LLP

Select One and Only One
2:10pm - 3:05pm (Central Time)
$0.00

Join a panel of experts from Iowa life insurance companies who are focused on targeted improvements to the accounting for long-duration contracts. The discussion will focus on real-world examples of how companies are preparing for this change and modifying their processes along the way.

Greg Antonuccio | Global Atlantic Financial Group
Tish Boothe, FSA, MAAA | Principal
Tyler Goode, CPA | Athene USA
Anne Potas | EY (Moderator)

2:10pm - 3:05pm (Central Time)
$0.00

Although the first part of 2020 has been unusual, statutory accounting and reporting has moved forward. The Blanks Working Group has almost finalized the 2020 Annual Statements, the Risk-Based Capital formulas have changed, and the Statutory Accounting Principles Working Group continues to work on accounting issues. Be prepared for your company’s planning process with these updates. There are new note disclosures, new supplements and revisions to the ever-changing investment schedules; in other words, something for everyone.

Connie Jasper Woodroof, FLMI | Sapiens

3:15pm - 4:00pm (Central Time)
$0.00

From the smallest companies to the largest, innovation is occurring across the value chain. Fueled by insurtechs, internal innovation, creativity and seeing through the eyes of the customer we’ll explore some of the ways that innovation is changing the way insurers across Iowa do business.

Ian Asplund, FCAS, CERA, MAAA | EMC Insurance Companies
Nicole Cook | Global Insurance Accelerator
Adam Emmenecker | Principal
Jeremy Weiss, CPCU | EY (Moderator)

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.

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