Participants in the Chief Financial Officer Roundtable today will take away insights from industry leaders on the state of the economy and insurance industry issues that affect the daily work of CFOs.
"I think the sessions came together pretty well," says Forrest Mills, CFO of Guaranty Group and chairman of the CFO Roundtable committee. "We have some really good speakers. We believe the roundtable will be an interactive process–a good dialog between the panelists and the attendees."
The sessions will begin at 9:30 a.m. with Dr. Steven Weisbart, senior vice president and chief economist with the Insurance Information Institute (III), presenting his insurance industry outlook and factors specifically of interest to CFOs.
"Steven and other members of his organization have spoken at different insurance functions, so people are well aware of him and the III," says Mills. "[The III] has a lot of good working knowledge of the insurance practice."
Weisbart's presentation is called "The Insurance Industry in the Aftermath of the Great Recession." "He presents good questions to ponder about the recovery," says Mills.
Next up is a panel discussion on enterprise risk management (ERM) and the role of the CFO. Speakers are Max. J. Rudolph, Rudolph Financial Consulting; Phillip McCrorie, senior vice president and CFO, RSUI Group; and Mark Stephens, director of risk advisory services for Milliman. William Freitag, managing partner of Agile Technologies, will serve as moderator.
"Max Rudolph is a consultant and deals with the smaller and midsize companies," says Mills. "Stephens gets more granular on the strategic side of things. Then you have McCrorie, a CFO, who brings back the practicalities of how his company does things."
To prepare for this session, a survey was sent to registrants of the CFO Roundtable asking where they stand in the ERM process within their own company. "We'll be able to use the survey results with the commentary," says Mills.
The luncheon will feature IBM's Craig Bedell, who will speak on business analytics in the insurance marketplace.
The afternoon will open with a session titled "Other-Than-Temporary Impairments (OTTI) and the Financial Realities." Speakers will include Brad Diericx, a partner with Johnson Lambert & Company; David Pirrung, CFO at IAT Reinsurance Company; and Gary Bowers, also a partner at Johnson Lambert & Company.
"Reinsurance in the Face of the Tightened Risk-based Capital Ratios" is the subject for the final session, with a presentation by Don Mango, actuary and managing director of Guy Carpenter & Company.
"[Mango] will talk about reinsurance and how the capital markets and the reinsurance markets are adjusting to the new paradigms of the economic market," says Mills. "He'll discuss how we need to be more strategic in utilizing reinsurance methodologies and how that's changed over the years.
Mills reports registration has tracked just ahead of last year's pace. "The CFO Roundtable has been strong every year because each has been driven by the content and by the participants making these truly interactive sessions," he says.
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