2017 CPE Credit information

Transcription

1 2017 CPE Credit information The Financial Regulation sessions on Monday and Tuesday are prequalified for CPE credit. Please see additional details below. The NAIC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: Delivery Method: Group Live Program Level: Basic Advanced Preparation: None Prerequisites: None Recommended CPE Credits: 1 credit per 50-minute session. You must attend the entire 50-minute session to receive credit. Attendance will be monitored by badge scanning. Insurance Policy Disruptors in the U.S. (General Session) May 22, 8:00 a.m. 8:50 a.m., New York Identify and discuss potential, insurance policy disruptors in the P&C and Life/Health insurance sector for domestic and international (re)insurance players doing business in the U.S. market. Financial Exam Update May 22, 9:00 a.m. 9:50 a.m., Atlanta Apply 2017 Handbook Updates to Financial Examinations. Summarize the Financial Examiners Handbook (E) Technical Group s current projects. Best Practices in Utilizing Insurer/Group Profile Summaries May 22, 9:00 a.m. 9:50 a.m., New York Explain the need for a common language in communicating risk exposures. Identify key components of the Insurer Profile Summary. Discuss common problems and best practices identified in Insurer Profile Summaries. Identify key elements of the GPS that can be customized to meet the needs of each group under review. Address common issues relating to holding company analysis and the use of the GPS National Association of Insurance Commissioners As of May 16, 2017 Page 1

2 Financial Reporting Updates & Issues May 22, 10:10 a.m. 11:00 a.m., Atlanta Identify the 2017 adopted annual reporting changes. Identify the Notes to Financial Statement proposed changes and the related SSAPs. Describe the 2017 annual statement changes that have been exposed for comment. Accreditation Q&A Panel May 22, 10:10 a.m. 11:00 a.m., New York At the end of this panel discussion, you will be able to: State the objective of the accreditation program. State the changes to the accreditation program. Explain what can be expected during an accreditation review. Identify common findings that result from an accreditation review. Key SAP Investment Updates May 22, 11:10 a.m. noon, Atlanta Identify new and revised statutory accounting guidance pertaining to investments accounting and reporting. Identify the hot topics involving investments currently being considered by the Statutory Accounting Principles (E) Working Group. Use of ORSA in Exams and Analysis May 22, 11:10 a.m. noon, New York Discuss DOI and NAIC ORSA activity updates. State the ORSA Accreditation Requirements. Describe how the ORSA can be used in financial analysis and examinations. Explain why timely ORSA reviews are important. Reinsurance for Regulators May 22, 1:00 p.m. 1:50 p.m., Atlanta Explain the purpose and functions of reinsurance. Specify contract wording required per SSAP 62R. Identify potential risk factors in an insurer s reinsurance arrangements. Explain the purpose of Schedule F (Annual Statement) and Exhibit N (Financial Examiners Handbook) National Association of Insurance Commissioners As of May 16, 2017 Page 2

3 Risk-Focused Financial Analysis Efficiencies in Transition May 22, 1:00 p.m. 1:50 p.m., New York Identify risk-focused changes coming to the financial analysis process. Identify methods and best practices for achieving efficiencies in transitioning to the new approach. Discuss regulatory and industry perspectives on the new approach. Identify future training opportunities. Use of CPA Workpapers in Financial Exams May 22, 2:00 p.m. 2:50 p.m., New York Explain the CPA s testing procedures. Use the CPA work papers more efficiently and effectively in the exam process. Explain how to incorporate the IT testing performed by the CPAs into the financial exam process. Accreditation Hot Topics & Issues May 22, 2:00 p.m. 2:50 p.m., Atlanta Identify the NAIC models that are currently being considered as potential accreditation standards or were recently adopted as accreditation standards. Cite the changes to the Part B accreditation standards for Describe the accreditation modernization effort F Committee recently adopted and how these changes impact the Accreditation Program. Risk Transfer May 22, 3:10 p.m. 4:00 p.m., Atlanta Explain general reinsurance risk transfer accounting guidance. Identify practical considerations for reviewing life, health and property/casualty (P/C) reinsurance contracts. Identify current reinsurance issues that can distort financial statements. Capital Markets Update May 22, 3:10 p.m. 4:00 p.m., New York Discuss the current investment environment facing insurers. Discuss changes in the asset mix of life companies. Discuss changes in the asset mix of property/casualty companies National Association of Insurance Commissioners As of May 16, 2017 Page 3

4 The Forensics of Failed Promises May 22, 4:10 p.m. 5:00 p.m., Atlanta Explain how today s insurance financial regulation came into being. Identify the contributing roles systemic risk and contagion can play in insolvencies. State lessons learned from earlier failed promises. Describe how to apply these lessons in analysis and examinations. Group Capital Calculation May 22, 4:10 p.m. 5:00 p.m., New York Identify the current tools state insurance regulators have to assess group activity. Discuss the current NAIC activity related to a group capital calculation. Discuss the group capital calculation methodology selected by the NAIC. Identify key decisions still to be made related to a group capital calculation. Coaching for Success May 22, 4:10 p.m. 5:00 p.m., San Francisco Field of Study: Personnel/Human Resources Non-Technical Explain the importance of coaching and feedback. Define Feedback Orientation. Differentiate coaching and feedback techniques for varied feedback orientations. Identify common issues to consider during supervisory review. Emerging Risks for Solvency Monitoring of Health Insurers May 23, 8:00 a.m. 8:50 a.m., New York Discuss the emerging risks of healthcare related examinations including possible ramifications related to the ACA reform/replacement. Identify audit risks that may not have been addressed by the insurers annual audits by CPAs. Industry Results and Their Impact on Solvency Monitoring May 23, 8:00 a.m. 8:50 a.m., San Francisco Field of Study: Specialize Knowledge Technical Cite 2016 insurance industry financial results and trends. Utilize industry results and trends to influence ongoing solvency monitoring efforts. Identify analytical procedures to use in assessing insurers risks related to industry results and trends National Association of Insurance Commissioners As of May 16, 2017 Page 4

5 Multistate Coordination as a Valued Resource May 23, 9:00 a.m. 9:50 a.m., San Francisco Field of Study: Business Management and Organization Non-Technical Explain key cultural drivers in a successful examination. Create an optimal multistate examination environment. Describe the purpose and use of a Round Table. Emerging Investment Issues and Concerns for Insurance Regulators (R*) May 23, 9:00 a.m. 9:50 a.m., New York Discuss change in the asset mix of US insurers from 2015 to Discuss the current state of the commercial real estate market and potential issues with holdings of US insurers. Discuss the industry hedge fund investments. Identify the new tools being proposed by the NAIC Capital Markets Bureau for regulators. Risk-Based Capital Update May 23, 10:10 a.m. 11:00 a.m., New York Identify changes to the 2017 Health / Life / P&C RBC formulas. Discuss how the Investment Risk-Based Capital (E) Working Group plans to move forward with bonds and other investments. TeamMate+ (R*) May 23, 10:10 a.m. 11:00 a.m., San Francisco Field of Study: Computer Software & Applications Non-Technical State the upgrade plan for TeamMate on the Citrix server. Name the three servers required for TeamMate+. Describe basic TeamMate+ features. Identify basic TeamStore features. Improve Efficiency, Accuracy and Productivity in the Regulatory Reporting Process May 23, 10:10 a.m. 11:00 a.m., Van Horn Discuss key cultural challenges facing the industry. Identify regulatory challenges faced by insurers today. Describe challenges with data management. Discuss process improvement basics. Identify what to look for in a technology solution National Association of Insurance Commissioners As of May 16, 2017 Page 5

6 Cybersecurity What Companies Are Doing and How to Evaluate May 23, 11:10 a.m. noon, New York Field of Study: Information Technology Technical Explain the importance of cybersecurity in terms of risk to insurers and cybersecurity s role in future examinations. Differentiate between cybersecurity providers, including their product and service offerings. Identify the NIST Cybersecurity Framework s 5 main domain areas along with practical applications. Identify cybersecurity red flags in examinations and when outside assistance is appropriate. The Accreditation Program and Examination Tips (R*) May 23, 11:10 a.m. noon, Chouteau Explain the purpose of and need for the accreditation program. Identify the examination standards required for accreditation. Identify the financial solvency areas the accreditation team reviews during an accreditation review. Key SAP Updates May 23, 11:10 a.m. noon, San Francisco Identify new and revised statutory accounting guidance pertaining to accounting and reporting items outside of investments. Identify the hot topics currently being considered by the Statutory Accounting Principles (E) Working Group. Conducting and Coordinating Interim Examination Work May 23, 1:00 p.m. 1:50 p.m., San Francisco Explain the importance of pre-planning, coordination and communication during interim examinations. Identify the benefits of on-going dialogue among the department s financial analysts, financial examiners, and actuaries in the interim examination process. Financial Regulatory Interests: Finding Utility in Information May 23, 1:00 p.m. 1:50 p.m., Chicago Specify ways new technology can transform regulatory oversight and an insurer s risk management practices. Identify new approaches to enterprise risk management Explain how tools such as RISCONNEX can benefit both insurance regulation and the insurance industry National Association of Insurance Commissioners As of May 16, 2017 Page 6

7 The Accreditation Program and Analysis Tips (R*) May 23, 1:00 p.m. 1:50 p.m., Chouteau Explain the purpose of and need for the accreditation program. Identify the analysis standards required for accreditation. Identify the financial solvency areas the accreditation team reviews during an accreditation review. Ethics for the New Generation of Leadership May 23, 2:00 p.m. 2:50 p.m., Chicago Discuss ethical dilemmas and why all organizations may be at risk for them. Identify leadership s role in creating an ethical environment. Explain how generational differences can impact ethical perspectives. International Capital Standards and General Update May 23, 2:00 p.m. 2:50 p.m., Chouteau Explain what is meant by Insurance Core Principles, ComFrame, G-SII policy measures. Discuss the methodology and developments in International Insurance Capital Standards: Global Systemically Important Insurers (G-SII), Basic Capital Requirement (BCR) and Higher Loss Absorbency (HLA), Risk-based Global Insurance Capital Standards (ICS) National Association of Insurance Commissioners As of May 16, 2017 Page 7