KPMG's 25th Annual Insurance Issues Conference | KPMG | PK

KPMG's 25th Annual Insurance Issues Conference

Empowered for the future: Seeing the opportunity in change

7 December 2016, 7:30AM - 5:00PM, EST Toronto, Canada

With all the economic, regulatory and organizational shifts taking place in insurance, leadership is faced with unique challenges as they not only deal with changes but also as they create change.

Date: Wednesday, December 7th, 2016
Time: 7:30 AM - 8:30 AM: Breakfast and registration
8:30 AM - 5:00 PM: Sessions
Location: Metro Toronto Convention Centre, South Building, 255 Front St W, Toronto, Ontario
Fee: $495 plus HST

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Many industry leaders including Mary Trussell, KPMG Head of Insurance in Canada and Global Lead of Accounting Change, will be joining us to discuss issues including:

  • operational processes & technology
  • data analytics
  • risk and capital management; technology
  • cost-reducing initiatives
  • and more.


Topic Summary

8:30 – 8:40

Welcome and opening remarks

  • Mary Trussell

8:40 – 9:25

Plenary 1 – Finding the winning formula

The results of KPMG’s recent review of CEOs around the world, including over 100 insurance CEOs, indicate that insurers want to grow ahead of the market but struggle to put together the winning formula.  As insurers and intermediaries in Canada innovate to attract customers and talent in an increasingly digital and challenging world, what can they do to position themselves for success?  We discuss how insurers compare in their outlook and preparedness with other financial institutions in Canada and around the world.

9:25 – 10:10

Plenary 2 –Regulation in a changing world

We are delighted to welcome back Neville Henderson of OSFI to discuss how regulation in Canada and around the world is evolving and how insurers can best position themselves to meet the expectations of their regulators in a challenging environment. 

10:10 to 10:30


10:30 to 11:15

Concurrent Sessions

Concurrent Session 1A: LICAT – OSFI’s perspective
We are pleased to invite Henri Boudreau, Managing Director of OSFI’s Insurance Capital Division to present a session on the forthcoming Life Insurance Capital Adequacy Test (LICAT), and what management and boards can do to prepare themselves for operating in the new regime. 

Concurrent Session 1B: Trends in P&C
This session will highlight developments in P&C insurance in the aftermath of the Alberta wildfires and how insurers have used technological development to serve their customers under the most challenging of conditions. We will also reflect on growth strategies in the competitive and diverse P&C market. 

11:20 – 12:05

Concurrent Sessions

Concurrent Session 2A: Accounting Update
This session will provide a broad overview of the financial reporting landscape for preparers of financial statements, discussing what you need to know about the IASB’s decisions on the implementation of IFRS 9, Financial Instruments for insurers and providing a snapshot of progress on the insurance contracts project.

Concurrent Session 2B: Tax Developments
This session will provide a discussion on FINTECH, due diligence and structuring considerations as well as matters relating to tax controversy and dispute resolution. We will also provide a select summary of recent tax changes and impacts to the insurance industry.  

Concurrent Session 2C: Taking a deeper look – helping independent board members navigate change and add value through constructive challenge  
The job of the independent director is a tough one, particularly in an insurance company where management’s judgments can radically impact the reported financial position and capital strength of the company.  In this session, our KPMG subject matter experts discuss some practical suggestions to support independent directors as business and financial metrics evolve, greater use is made of data and analytics and risk and capital management grow in sophistication.

12:10 – 1:30

Lunch and networking
We’re hearing a lot about FinTech and Insurtech these days.  Over lunch, Matthew Smith, insurance co-lead of KPMG’s Global Strategy Group will provide a round-up of developments around the world and what insurers and intermediaries are doing to respond to this trend

1:45 – 2:30

Concurrent Session

Concurrent Session 3A: Navigating today and tomorrow’s risk landscape
In a challenging world what do insurers need to do to protect their business, manage their capital and meet regulatory expectations?  How does cyber fit into overall risk management effort? This session will cover what insurers can learn from other financial institutions and what insurers can do to get ready for OSFI’s Operational Risk guideline.

Concurrent Session 3B: Actuarial transformation: building tomorrow’s actuarial function today
What can life insurers do to prepare for LICAT and insurance accounting change with confidence? This session will highlight how upcoming changes will impact people, processes, systems and reporting timelines and will highlight practical steps on how insurers can best position themselves for these changes while enhancing efficiency, speed, accuracy and control.

Concurrent Session 3C: Building a strong foundation: preparing for Insurance Accounting Change
This session will provide a status update of the IASB insurance contracts project, its interaction with IFRS 9 and the practical steps that can be taken now to prepare for the day when insurers need to act on accounting change.

2:30 – 2:50


2:50 – 3:35

Plenary session: Fit for the Future

The pressure on insurers to transform themselves has never been greater, and the pressure on reducing costs continue to rise. What techniques can insurers use to help them emerge lean and fit for the future?  How can the rising power of Data & Analytics help address these challenges? This session will address what insurers need to do to be ready for these challenges.

3:35 to 4:45

Plenary and Closing Panel – Empowered for the future
We present the findings of our annual snapshot of the opportunities and challenges facing the insurance industry in Canada today which we will unveil at the conference. 

How does this compare with the challenges and opportunities facing insurers around the world and what techniques can they adopt if they are to thrive in the coming years?

To wrap the day, our closing panel of distinguished industry practitioners and commentators will talk about their personal journey guiding insurers through innovation and change and take questions from the audience to reflect on what we’ve heard today.

4:45 – 4:55

Closing remarks

  • Mary Trussell

5:00 to 6:30

Celebration and networking reception


Take advantage of early registration for KPMG’s 25th Annual Insurance Conference, open now.

Register for the conference.

View presentations from last year's conference.