CIFF. Canadian Insurance Financial Forum. Where Finance, Risk & Actuarial Professionals Meet

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1 's CIFF Canadian Insurance Financial Forum 2015 Platinum Sponsors Where Finance, Risk & Actuarial Professionals Meet Wednesday, May 27 th, 2015 Metro Toronto Convention Centre Gold Sponsors

2 CIFF 2015 Advisory Committee Members Joel Baker, CEO, MSA Research Inc. (Chair) Ed Berko, SVP & CRO, Economical Insurance Group Leigh Chalmers, Partner, PwC Walter Fransen, Chief Actuary, AIG Canada Richard Gauthier, SVP & CRO, TD Insurance Doug Gray, Partner, Deloitte Steve Lee, Partner, EY Neil Parkinson, Partner, KPMG Graham Segger, CIFF Emcee Bill Weiland, Principal, Eckler Ltd.

3 This marks MSA s sixth Canadian Insurance Financial Forum (CIFF). The CIFF is the single largest gathering of Canadian P&C insurance financial professionals, attracting hundreds of delegates from across the country. This accomplishment is a credit to the CIFF s advisory committees over the years and the many expert speakers and panelists who have presented since its inception. The CIFF is specifically designed to meet the needs of actuarial, accounting, finance, compliance, regulatory and investment professionals in our industry as well as provide valuable information for board members in a concentrated, content-rich and rewarding day. The CIFF 2015 Advisory Committee is made up of senior partners from all major audit and actuarial firms as well as three insurer financial leaders. The committee has put together another fantastic program this year with topics and speakers you will be hard pressed to find in one place anywhere else. I invite you to review the agenda for yourself. After doing so, I m sure that you will agree that the CIFF is where finance professionals like you will want to be. We look forward to seeing you there. My very best, Joel Baker CEO, MSA Research Inc. CIFF 2015 is accredited by RIBO. 5.5 hours Management

Who Should Attend The CIFF is designed for finance professionals in the general insurance industry including: CEO s & CFO s CIO s CRO s Actuaries Insurer Board Members Analysts VP, AVP Finance, &

We ve carefully considered the thoughtful feedback provided by last year s attendees as well as the valuable guidance of the 2015 Advisory Committee in setting this year s agenda.

4 Who Should Attend The CIFF is designed for finance professionals in the general insurance industry including: CEO s & CFO s CIO s CRO s Actuaries Insurer Board Members Analysts VP, AVP Finance, & Controllers Regulators Consultants I d like to join Joel in inviting you to register for a day of professional development and networking at the 2015 Canadian Insurance Financial Forum (CIFF). We ve carefully considered the thoughtful feedback provided by last year s attendees as well as the valuable guidance of the 2015 Advisory Committee in setting this year s agenda. We will cover a lot of ground this year, commensurate with developments in the economic, accounting, data riskmanagement, regulatory and capital market fronts. I truly look forward to seeing you in May. Graham Segger, FCPA, FCA Deloitte (retired) CIFF 2015 Emcee Registration and Continental Breakfast 7:30-8:30 AM sponsored by EY Welcome and Acknowledgements 8:30-8:40 AM Review of Industry Results and Outlook 8:40-9:00 AM Joel Baker President & CEO, MSA Research Inc was not a particularly transformational year for the Canadian insurance industry. Though several longer term, slow moving trends continued and continue to work their way through the system - including developments on the auto front, property and cat losses, as well as at time of writing, continued mushy commercial and reinsurance markets amid low interest rates. From his view at MSA, Joel will share his outlook on these and other issues as we move towards Global Economic Outlook 9:00-9:40 AM From his vantage point as deputy chief economist of TD Bank Group, Derek Burleton will provide an analysis of Canadian economic conditions in a volatile global environment. Mr. Burleton will also address the interest rate environment that is putting significant pressure on insurers and reinsurers here and around the Speaker: world. Derek Burleton VP & Deputy Chief Economist, TD Bank Group

5 Transforming Canada s Capital Markets 9:40-10:15 AM Speaker: Jos Schmitt President & CEO, Aequitas NEO Exchange Inc. There is a profound lack of confidence in current exchanges, trading platforms and the equities market in general. To restore investor confidence underlying market issues relating to fairness, liquidity and transparency must be addressed. Join Jos as he outlines how Aequitas is building an exchange of the future which addresses these issues. The Aequitas NEO Exchange is designed to put investors, capital raising companies and bona-fide dealers first. Networking Break 10:15-10:40 AM sponsored by Deloitte Emerging Privacy and Data Risk Management Challenges 10:40-11:25 AM Jennifer Drost Chief Compliance Officer & Senior Counsel Canada, Travelers Canada Adam Kardash Partner, Privacy & Information Management, Osler, Hoskin & Harcourt LLP This session will explore the expanding array of privacy and related risks associated with the management of data (including personal information). The panelists will provide an overview of key guidance and regulatory decisions, as well as practical steps organizations are taking to implement a framework to address these challenges. Capital Management and Strategy 11:30 AM - 12:30 PM Alodie Brew Partner, PwC Walter Fransen Micah Woolstenhulme Chief Actuary, SVP ERM Advisory, AIG Canada Guy Carpenter Who is smarter with their capital? Personal Lines carriers or Commercial Lines? Primary carriers or Reinsurers? Canadian companies or foreign based companies? And what does capital strategy really mean? Are there times when a higher ROE is not necessarily a sign of a better managed company? It may depend on what companies do with their excess capital, if they have any. This very stimulating panel will explore these issues in some depth. Time will be allotted for Q&A. End of Morning Concurrent Sessions Lunch 12:30-1:30 PM sponsored by PwC

Early Afternoon Concurrent Sessions Concurrent A: The Canadian Reinsurance Arena 1:35-2:25 PM Stuart Carruthers Partner, Stikeman Elliott Joseph El-Sayegh Alain Perreault Philipp Wassenberg SVP, SCOR

6 Early Afternoon Concurrent Sessions Concurrent A: The Canadian Reinsurance Arena 1:35-2:25 PM Stuart Carruthers Partner, Stikeman Elliott Joseph El-Sayegh Alain Perreault Philipp Wassenberg SVP, SCOR Canada Executive Vice President, President & CEO, Reinsurance Company JLT Re Munich Re of Canada The Canadian reinsurance sector came off relatively unscathed in 2014 and without much in the way of grounds for rate increases despite the longer term trend of elevated risk and rock bottom interest rates. Join this panel of industry leaders to find out what they see as they and we head into the second half of the year and the prospects for the Jan 1, 2016 renewal season. Audience Q&A will be encouraged. Concurrent B: IFRS Version 30.x - Re-Reboot 1:35-2:25 PM Doug Gray Partner, Deloitte Michel Dionne Carlos Gallardo Ratan Ralliaram VP & Appointed Actuary, SVP, Finance & Operations, Partner, Intact Financial Corp. CNA Canada Deloitte It has been over twenty years and the P&C insurance industry continues to inch closer to the IFRS 4 final valuation standard for insurance contracts. This is the right time to recharge your batteries and get prepared! While the standard is expected to become effective in 2019, companies will need to make major adjustments to systems and also consider the likely impacts on items such as regulatory capital, enterprise risk, performance management, internal controls, and others in order to comply with the new requirements and recent regulatory initiatives. Successful companies will be those that are able to effectively anticipate and integrate the new requirements with those from other new IFRS standards, such as IFRS 9, rather than adopting them separately. During this session, our experts will share their perspectives and insights with you, including the need for further education to boards and management, and considerations of potential tax effects and changes required to CEO/CFO certification. This is a session that you do not want to miss. Late Afternoon Concurrent Sessions Concurrent A: Actuaries, CPA s & Quants - Finance Talent of the Future 2:35-3:35 PM Steve Lee Partner, EY Alister Campbell Helen Davies Carol Wilding CEO, VP Human Resources, President & CEO, The Guarantee TD Insurance CPA Ontario The insurance industry is facing significant challenges in recent years from increased regulation, global competitions, complex technical environments, and more frequent natural disasters. However, the most critical issue facing the industry is the pending talent gap. As the current workforce shifts towards retirement, many companies risk losing vital institutional knowledge and long established relationships. These panelists will discuss what will be needed to attract and retain the right talents to lead the industry into the future.

Concurrent B: ORSA in the Wild - Real World ORSA - Operationalizing, Learning and Benefits 2:35-3:35 PM Neil Parkinson Partner, KPMG Ed Berko SVP & CRO, Economical Insurance Group Bill Weiland

Are insurers finding that it is possible embed ORSA into their management and oversight processes, or is duplication unavoidable?

Networking Break 3:35-4:00 PM sponsored by KPMG Closing Financial Leaders Panel 4:00-5:00 PM Graham Segger Ed Berko Walter Fransen Richard Gauthier SVP & CRO, Chief Actuary, SVP & CRO, Economical

those presented by current market conditions and discussed earlier in the day.

7 Concurrent B: ORSA in the Wild - Real World ORSA - Operationalizing, Learning and Benefits 2:35-3:35 PM Neil Parkinson Partner, KPMG Ed Berko SVP & CRO, Economical Insurance Group Bill Weiland Principal, Eckler Insurers completed their first ORSAs in 2014, but that is just the beginning. What was learned from the process, and will it change risk management and oversight for the better? Are insurers finding that it is possible embed ORSA into their management and oversight processes, or is duplication unavoidable? Most importantly, is ORSA resulting in a better understanding of risk and capital needs? Networking Break 3:35-4:00 PM sponsored by KPMG Closing Financial Leaders Panel 4:00-5:00 PM Graham Segger Ed Berko Walter Fransen Richard Gauthier SVP & CRO, Chief Actuary, SVP & CRO, Economical Insurance Group AIG Canada TD Insurance This conversational style session will provide an opportunity for these knowledgeable financial leaders to share their thoughts on a myriad of issues including those presented by current market conditions and discussed earlier in the day. They come from varying backgrounds placing them in an excellent position to provide us with objective observations on how the industry is responding to current challenges, regulations and opportunities. This is a key panel that you will not want to miss! Closing Remarks 5:00 PM by Joel Baker Closing Cocktail and Networking Event 5:00-6:00 PM sponsored by ClearPay 8:30-5:00 5:00-6:00 After a hard day s work, come relax and unwind with your colleagues at our cocktail reception! CIFF Director Education Package The CIFF is an ideal educational and networking opportunity for insurance board members. In recognition of this, we are offering insurers and their boards the opportunity to register entire boards or audit committee members for the conference at a reduced package rate. For more information on CIFF Board Options, please contact Laura Viau at laura.viau@msaresearch.com or x25

Save $100 per delegate by registering before March 16 th Save a further $80 per delegate by registering five or more Registration Form 's CIFF Canadian Insurance Financial Forum Wednesday, May 27 th,

8 Save $100 per delegate by registering before March 16 th Save a further $80 per delegate by registering five or more Registration Form 's CIFF Canadian Insurance Financial Forum Wednesday, May 27 th, Registration Fees (All prices are in Canadian dollars) Delegate Conference Fees By March 16 From March 16 Individual Delegates $499 ea. $599 ea. Five or more delegates $419 ea. $519 ea. Cancellation Policy: Cancellation fee of $100 + HST applies per delegate; no refunds after April 30, Substitutions allowed at any time. (PLEASE PRINT CLEARLY) Delegate Name Badge Name (if different) Easy online registration is available at Title Organization Payment Options You may return this form with a cheque payable to MSA Research Inc. and send to: MSA Research Inc., 133 Richmond St. W., Suite 401, Toronto, Ontario M5H 2L3 Or register and pay on-line at Address Delegate Registration Fees: $ Address line 2 Canadian residents add 13% HST $ City Province Total Amount Due: $ Country address (Note: We will confirm registration via this address) Phone Postal Code Please advise if you have specific dietary restrictions or if you are physically challenged and require special services. You may also pay via credit card. Please fill out the information and fax to , attn. Laura Viau AMEX Mastercard VISA Cardholder name Number Expiration date Signature Billing address Concurrent Sessions Please Indicate Your Choices Early Afternoon: The Canadian Reinsurance Arena IFRS Version 30.x - Re-Reboot Late Afternoon: Actuaries, CPA s & Quants - Finance Talent of the Future ORSA in the Wild - Real World ORSA GST/HST # CIFF Fast Facts: Dress Code: Business Registration Desk opens at 7:30am, Closing cocktail concludes at 6:00pm. Location: Metro Toronto Convention Centre, North Building, Level 100 Any questions? Please contact Laura Viau at x25 or laura.viau@msaresearch.com 133 Richmond St. W., Suite 401, Toronto, ON, Canada M5H 2L3. T , F , info@msaresearch.com, web: msaresearch.com Definitive insurance information for intelligent business decisions.

CIFF. Canadian Insurance Financial Forum. Where finance professionals like you will want to be.

CIFF. Canadian Insurance Financial Forum. Where finance professionals like you will want to be. 's CIFF Canadian Insurance Financial Forum 2013 Platinum Sponsors Where finance professionals like you will want to be. Gold Sponsors Wednesday, May 22 nd, 2013 Metro Toronto Convention Centre CIFF 2013