Non-Financial Risk Management & Reporting For Insurers

December 6, 2023 – Toronto

CPE – 6.25 hours

IFRS 17, Guideline B-15 and Related Disclosures for Current Y/E Reporting and Beyond

Register

Delegate Comments

“…provided a very good high level summary of the key impacts of IFRS to financial institutions.”

Associate Chief Accountant, Bank of Montreal

“Presentations were clear even though topics were complex.”

Chief Financial Officer, Société Générale

“Best conference I’ve ever attended.”

Senior Manager, Enterprise Hedge Accounting and Derivative Reporting, Royal Bank of Canada

“Suffice it to say that the conference delivered on my expectations…A lot has been taken away from this conference…$ well spent…”

V.P. Risk Management Advisory, New Brunswick Credit Union Stabilization Board

“Finally a course that communicates true technical knowledge”

Director, Operations Finance, NAV Canada

“This seminar was fantastic – very informative and has some extremely interesting and knowledgeable speakers.”

Manager, Corporate Accounting, Brascan Power

“Great balance between theory and practical application/issues. Perfect level of detail…”

Treasury Manager, CHC Helicopter Corporation

“Speakers were very knowledgeable, materials were current…examples and materials were relevant and well presented.”

Derivatives Accountant, Agrium Inc.

Program – December 6

9:00 a.m. – 9:05 a.m.
Opening Remarks from the Chair

Mark Barboza, Director, Operational Resilience, PricewaterhouseCoopers LLP 
France-Anne Fortin, National Enterprise Risk Management Lead Partner, PricewaterhouseCoopers LLP 

9:05 a.m. – 10:00 a.m.
Operational Resilience Through the Lens of E-21 – Implications for Insurers

Mark Barboza, Director, Operational Resilience, PricewaterhouseCoopers LLP 

  • What are regulators lookin to achieve through operational resilience guidelines?
  • What capabilities are required to be operationally resilient and what does this mean for firms?
  • How can existing risk frameworks be used to manage resilience risk?
  • What are examples of risk metrics to monitor resilience risk?
  • What technology do firms need to think about to manage operational resilience programs sustainably?
  • Topical insights and challenges from the financial services sector

10:00 a.m. – 11:00 a.m.
Cybersecurity and Technology Risk Management for Insurers

Gayatri Suresh Kumar, Partner, Cyber and Strategic, Deloitte LLP 
Hiba Abdou, Partner and National Insurance Leader, Risk Advisory, Deloitte LLP 

  • Cybersecurity reporting under securities regulation
    • OSFI Guideline B-13 – obligations and implementation
    • OSC, and other, regulations regarding technology and cybersecurity risk
    • understanding compliance thresholds for differing regulatory requirements
    • what is a “material” breach and “how” to report it
  • Guideline B-13 – what is required for compliance and disclosure
  • Determining adequacy and scope of risk management
  • How to harmonize with PIPEDA regulatory reporting rules
    • what is a “significant risk of harm” – when is a breach reportable?
  •  Anticipating a breach – do’s and don’ts – what is considered appropriate and effective risk management?
  • Risk issues unique to the insurance industry – technology and data

11:00 a.m. – 11:15 a.m. – Morning Networking Break

11:15 a.m. – 12:15 p.m.
Third Party Risk Management – Applying Guideline B-10

Jack Barrett, Manager, Risk Assurance, PricewaterhouseCoopers LLP 

  • Defining third party risk management
  • Overview of changes and revisions to Draft OSFI B-10 Guideline
  • Examination of a comprehensive third party risk management framework
  •  Steps to take prior to entering into a third party arrangement
  • Understanding 4th / Nth party risk

12:15 p.m. – 1:15 p.m. – Luncheon

1:15 p.m. – 2:15 p.m.
Climate Risk Management (B-15) – Impact on Organizational Structure/Processes and Governance

Katerina Kindyni, ESG Risk Lead, Financial Services Risk Management, Ernst & Young LLP 

  • Integrating Climate Risk into Organizational Structure and Governance
    • how climate risk considerations are being incorporated into the hierarchy and departments of organizations
    • role of top-level executives and board members in championing climate risk management
    • addressing the balance between centralized oversight and decentralized decision-making for climate risk management
  • Adapting Processes for Climate Risk Assessment
    • methodologies and tools used to assess climate-related risks, including scenario analysis and stress- testing
    • highlighting the challenges and opportunities in aligning risk assessment processes with climate scenarios
  • Board Accountability, Stakeholder engagement and Reporting
    • oversight of climate risk strategies and disclosure practices
    • role of sustainability committees in ensuring accurate and transparent reporting
    • engaging with stakeholders, including investors and customers, regarding climate risk management efforts
  • Incorporating Climate Risk into Strategy
  • Talent and Skill Development for Climate Risk
    • exploring the need for specialized skills and expertise in climate risk management
    • training and talent development programs to equip employees with the necessary knowledge

2:15 p.m. – 3:05 p.m.
Model Risk Management and Model Governance

Eric Levy, Partner, Advisory, Financial Risk Management and Actuarial Services, KPMG LLP
Anton Kobelev, Executive Director, Actuarial, Financial Risk Managements, KPMG LLP 

  •  Overview of the current and upcoming regulatory guidance on model risk management
  •  Common challenges in implementing a holistic MRM framework across the entire organization
  • Implementing effective model governance
  • Practical examples to kick-start the process within your organization

3:05 p.m. – 3:20 p.m. – Afternoon Networking Break

3:20 p.m. – 4:10 p.m.
Assurance on Capital, Leverage and Liquidity Returns – External Audit Perspective

Kamran Raza, Senior Manager, Ernst & Young LLP 

• Examination of scope and application of the Guideline
-external auditor
-senior management attestation
-internal audit
• Discussion of key implementation considerations
• Considering “materiality” within the scope of the Guideline
• Preparation for implementation and compliance

  • Examination of scope and application of the Guideline
    • external auditor
    • senior management attestation
    • internal audit
  • Discussion of key implementation considerations
  • Considering “materiality” within the scope of the Guideline
  • Preparation for implementation and compliance

4:10 p.m. – 5:00 p.m.
Assurance on Capital, Leverage and Liquidity Returns – Internal Audit Perspective

Tabish Gill, Risk Consulting Leader, RSM
Liam Neilson, Audit Partner, RSM 

  • Overview of capital, leverage and liquidity internal audit requirements for insurers
  • Internal audit approaches
Registration Options Before October 20, 2023 Before November 10, 2023 After November 10, 2023
Non-Fin’l Risk Mgmt $1,150.00 + HST $1,225.00 + HST $1,299.00 + HST
2023 Insur. Acc’t & Rep. ) $1,150.00 + HST $1,225.00 + HST $1,299.00 + HST
Both Events $2,200.00 + HST $2,400.00 + HST $2,598.00 + HST

Our HST Number: R862562543

Group Discount: Fourth Delegate FREE!

If three individuals from one organization register at the same time, a fourth person may also be registered to attend free of charge. The free registration must be of equal or lesser value than the paid registrations. Please contact us to arrange for attendance of larger groups.

Your Registration Includes

Registration fees include access to digital copies of conference materials, continental breakfast, lunch and refreshments. Parking and accommodation are not included.

FREE CONFERENCE WORKBOOK

As a registered delegate, you will receive a link to digital copies of all conference materials. These materials will serve as an invaluable guide, both during and after the event.

Cancellation Policy

Substitutions may be made at any time. If you are unable to attend, please make cancellations in writing and fax to (416) 504-6978 or email to info@acumeninformation.com prior to 5:00 p.m. on November 22, 2023. A credit voucher will be issued to you for the full amount, redeemable against any other Acumen conference. If you prefer, you may request for a refund of fees paid less $250 administration fee. Registrants who cancel after above date will not be eligible to receive any credits or refunds and are liable for the entire registration fees.

Confirmed delegates who do not cancel before November 22, 2023, and fail to attend will be liable for the entire registration fees.

Acumen Information Services reserves the right to change the date, location and content for the event(s) offered herein without further notice and assumes no liability for such changes.

Register prior to October 13, 2023, and you will obtain the following additional savings:

Second delegate: $50 Discount
Third delegate: $100 Discount
Fourth delegate: FREE

Please indicate that you are eligible for this offer on the registration page or your registration form if you are mailing in your registration.

The conference will be held at a convenient location in downtown Toronto. Venue information and special conference accommodation pricing details will be provided upon confirmation of the venue.

Delegates can register at the Acumen service desk beginning at 8:00 a.m. on the morning of the first day of the conference. Registration fees do not include hotel accommodation or parking.

This conference has been specifically designed for, and in consultation with, experts in accounting for financial institutions as well as standard setters. The event has been developed with the professional responsibilities of our audience as our focus. As well, auditors, financial advisors, analysts, lawyers and other advisory professionals would benefit from staying current on the information provided at this timely event. In particular, our experience indicates that individuals in the following positions would mostly likely be in attendance:

  • Chief Financial Officers
  • Chief Risk Officers
  • Chief Compliance Officers
  • VPs, Directors and Managers
    • Finance
    • Accounting
    • Financial Reporting
    • Regulatory Compliance
  • Controllers
  • Internal Auditors
  • Audit Committee Members
  • Corporate Counsel
  • Risk Managers
  • Audit and Assurance Professionals
  • Industry Regulators and Standard Setters
  • Financial Analysts
  • Corporate and Securities Lawyers

Comments from Past Delegates to Acumen Conferences

“…provided a very good high level summary of the key impacts of IFRS to financial institutions.”
Associate Chief Accountant, Bank of Montreal

“Presentations were clear even though topics were complex.”
Chief Financial Officer, Société Générale

“Best conference I’ve ever attended.”
Senior Manager, Enterprise Hedge Accounting and Derivative Reporting, Royal Bank of Canada

“Suffice it to say that the conference delivered on my expectations…A lot has been taken away from this conference…$ well spent…”
V.P. Risk Management Advisory, New Brunswick Credit Union Stabilization Board

“Finally a course that communicates true technical knowledge”
Director, Operations Finance, NAV Canada

“This seminar was fantastic – very informative and has some extremely interesting and knowledgeable speakers.”
Manager, Corporate Accounting, Brascan Power

“Great balance between theory and practical application/issues. Perfect level of detail…”
Treasury Manager CHC Helicopter Corporation

“Speakers were very knowledgeable, materials were current…examples and materials were relevant and well presented.”
Derivatives Accountant, Agrium Inc.

To submit questions to be answered at the conference, please send us an email at this address: info@acumeninformation.com

Limited sponsorship and exhibition options are available for this event, including

• Cocktail reception
• Luncheon sponsorship
• Breakfast sponsorship
• Booth/exhibit space

For more information, or to check availability,
please contact us by phone at (416) 504-6952
or by e-mail info@acumeninformation.com

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