Tuesday, June 13, 2017
|11:00 a.m.||Registration Opens for Bootcamp Attendees|
|11:45 a.m.||Bootcamp Luncheon session How Risk Managers Can Be Better Communicators—Tim Johnson, Slomoff Consulting Group|
|2:15 p.m.||Attendees Pick 2 of the 3 Breakout Sessions to Attend
|4:30 p.m.||General Registration Opens|
|6:00 p.m.||Opening Reception|
|7:00 p.m.||Opening Dinner|
Wednesday, June 14, 2017
|7:00 a.m.||General Registration|
|7:15 a.m.||Buffet Breakfast|
|8:00 a.m.||Welcoming Remarks—Ryan Brown, Lockton Companies|
Insuring Punitive Damages—Kate Browne, Swiss Re; Kim Wilkerson, XL Catlin; Debbie Goldstine, Lockton Companies
|9:00 a.m.*||Panel Discussion on Evolution of Cyber Risk—Mike Tanenbaum, Chubb; Josh Ladeau, Aspen|
|9:45 a.m.||Panel Discussion on Workers’ Compensation Trends—Rob Gelb, York; Greg McKenna, Gallagher Bassett; Dr. David Chen, Shirley Ryan Abilitylab; Peter Macdonald, The Hartford|
|11:45 a.m.||How Artificial Intelligence Will Change the World—Kate Browne, Swiss Re|
|12:30 p.m.||Crisis Management—Rhonda Barnat, Abernathy MacGregor|
|2:00 p.m.||Executive Panel—Glenn Spencer, Lockton, Inc.; Peter Eastwood, Berkshire Hathaway Specialty; Ivan Gonzalez, Swiss Re; Jeremy Johnson, AIG; John Lupica, Chubb|
|3:45 p.m.||Keynote—John O’Leary|
|4:45 p.m.||Closing Remarks—Ryan Brown, Lockton|
|5:00 p.m.||Closing Reception|
|6:45 p.m.||Bus pick-up to Blues Museum|
|7:00 p.m.||Dinner and entertainment at the Blues Museum|
|* 6/14, 9:00–10:45 a.m. Alternative Mining Industry Session|
How Risk Managers Can Be Better CommunicatorsA lot of business communicators tend to offer lengthy explanations or “data dumps” which turn off listeners or don’t have the impact they should. During a Bootcamp session June 13, renowned speaking coach Tim Johnson will show what sets great communicators apart and how risk professionals can cultivate executive presence and make their presentations far more engaging.
Due Diligence Checklists Do Not Create Value, But You Can!During a Risk Managers’ Bootcamp session June 13, Tony Palumbo and Renee L. Szalkowski will provide an overview of how a risk manager or financial professional can create value during a corporate acquisition, we will explore the insurance/risk impact on quality of earnings—purchase price adjustment and post-close strategies to enhance value and utilizing transactional liability products to distinguish your proposal from your competitors’.
Using Models to Effectively Manage Your Catastrophe Property RisksRisk professionals may be wondering, in a soft, competitive market, do catastrophe models even matter anymore? During a Risk Managers’ Bootcamp session June 13, Lockton property practice leaders Mike Andler and Scott Curtis will provide an in-depth look at modeling and how it shapes insurance coverage. Among topics they’ll address: What is a stochastic model? Who are the major modeling companies? How do underwriters use models? How can risk professionals use models to their advantage?
What Could Possibly Go Wrong? How to Effectively Identify, Quantify, and Assess Cyber RiskAs companies increasingly rely on emerging technologies to enable operations, their ability to effectively safeguard sensitive information and property diminishes. During a risk managers’ Bootcamp session on June 13, Axio’s Brendan Fitzpatrick will provide insight into how risk managers and cybersecurity professionals can identify, quantify, and assess risks in order to keep pace with an ever-advancing adversary and dynamic cyber threat landscape. Learn how your organization can effectively answer these key questions: What is our cyber exposure? How prepared are we, as an organization, to face that exposure? Do we have the financial strength to recover from an event?
What’s the Verdict? A Discussion about Punitive Damages and Excess Casualty CoverageLockton’s excess casualty practice leader will unpack this complex topic and engage in conversation with experts from Swiss Re and XL Catlin. We will examine the landscape of insurability, the mechanics of onshore and offshore coverage solutions, considerations to keep in mind when exploring the most suitable coverage for your organization, and how punitive damage demands can influence claim outcomes. We will conclude with an assessment of what’s ahead and whether the scope of punitive damages is expanding toward a worldwide concern.
Evolution of Cyber RiskThe focus of the discussion is to drive risk managers to think differently about cyber risk then they do other risks for their organization. The session aims to return you to your companies with a different perspective on how to view/use their entire employee base when it comes to cyber security. The drive should be to distance the company from peers rather than to meet what is generally an arbitrary (and often ineffective) compliance standard. There is, and will increasingly be, a competitive value to doing so and the companies that recognize and act on this will find they have a strategic advantage in the years and decades to come.
Workers' Compensation TrendsIn brief, the theme relates to the “business oriented agenda” in the White House and the Congress. Topics will expressly include the Department of Labor emerging leadership and regulatory agenda in the areas of workplace safety and WC oversight. We will discuss the emerging federal drug policy ion the area of opioid control and the legislative update on marijuana as well as some of the latest cabinet appointments and project some expected change in the immediate and near term.
Global Travel Risk: Coordinating HR and Risk Management for Effective Emergency ResponseGlobal firms have large numbers of associates traveling globally on business and expatriate or seconded associates working outside of their home countries. Political, natural and medical emergencies make it necessary for firms to have a clear understanding of the various lines of insurance that may respond to an injured or sick associate as well as the medical, evacuation and communication plan for all associates traveling abroad. This session will discuss some strategies to consolidate the various policies providing coverage and vendors providing emergency services to satisfy employers’ duty of care liability towards traveling associates while also reducing confusion and maximizing responsiveness.
Communicating Actuarial Results to C-suiteActuarial results play a vital role in continuing the success of loss sensitive programs. Risk management and finance teams will find themselves deeply involved with the actuary in frequent conversations but must be able to properly convey the meaning of the results to the C-suite and others like underwriters and the broker to showcase risk management. Richard will share his strategy to effectively communicate actuarial results without the interference of “too many numbers”.
Transactional LiabilityTransactional risk (or M&A) insurance has been around for many years but has gained significant North American traction in recent years, mostly with Private Equity and other financial sponsors. That is changing as more strategic/corporate deal parties adopt the coverage, seeing it as part of the indemnity fabric and noting significant claims now being paid. The insurance is seen as a financial tool, freeing up capital as much as a traditional risk transfer product. At the same time, there is evolution in the insurance products offered including the addition of specialized go-forward financial tools. Jeff will discuss how Allied World pairs transactional insurance with accounts receivable insurance.
Unraveling a Complex Contingent Business Interruption ClaimAn international paper company suffers a loss to a production plant which is a customer of our client. Our client, a chemical company, has CBI coverage that insures it’s income loss from it’s customers business interruption. The paper company decided not to restore it’s facility and it’s operations. The challenge was to figure out how the CBI policy was intended to apply in this case and how should the client value this contingent business interruption loss. Based on a real world case example, this presentation will provide insight to how to calculate a CBI claim and what to do when a customer doesn’t restore operations.
How Artificial Intelligence Will Change the WorldThe last two years has brought a significant increase in the use of artificial intelligence (AI) and robots. From chatbots that handle customer service calls to robots in the operating wheel and on the factory floor the insurance industry can no longer afford to overlook AI and its implications. We will discuss how AI is changing transportation, retail, manufacturing . We will examine some of the risk management issues around new technology such as drones, robots, virtual reality and why insurance is not the next Uber
In this session on crisis management, we will debunk commonly held beliefs about managing a crisis, and equip participants with techniques to think about crisis management, and prepare themselves and their clients for getting through a crisis with their reputation intact. We will examine the worst things to do in a crisis, and from there help participants frame a crisis situation, get through it, and return to normal as quickly as possible.