INSURANCE ACCOUNTING AND SYSTEMS ASSOCIATION MICHIGAN CHAPTER FALL CONFERENCE SEPTEMBER 21-23, 2016 DOUBLETREE BY HILTON, GRAND RAPIDS AIRPORT GRAND RAPIDS, MICHIGAN Wednesday, September 21 11:00 a.m. 5:00 p.m. Golf Outing (18 Holes) Shotgun start at 11:15 a.m. Boxed lunch including one non-alcoholic beverage will be provided. Thornapple Pointe Golf Course 7211 48 th Street S.E. Grand Rapids, MI 49512 5:00 7:00 p.m. Hospitality suite to be held at Thornapple Pointe Golf Course after the golf outing. Thursday, September 22 9:30 10:00 a.m. Conference Registration 10:00 10:15 a.m. Welcome and Business Meeting Michael O. Martin, CPA Atain Insurance Companies President of the Michigan Chapter of the IASA 10:15 11:55 a.m. BASIC Relationship and Leadership Strategies Paul Heacock BASIC Relationships.com 11:55 1:00 p.m. Lunch This presentation focuses on commonsense ideas on how to get along better with the important people in your life. Learning Objectives: Participants will experience a treasure chest of relationship knowledge in a memorable, honest, fun, concise, and conversational style, learn practical and proven methods for becoming better at all the key roles they play in life, and better understand how to best lead themselves and others. 1
1:00 1:50 p.m. Fraud Happens Michelle McHale Adams, CPA, CFF, CFE Plante & Moran, PLLC Using actual case studies from investigations, attendees will have relevant examples to show how different fraudulent schemes had occurred, how it was discovered, and how it could have been prevented. Using documents from the investigations, participants will be asked to see if they can identify the fraud before sharing the case information. Fraud trends and analytical techniques that attendees can perform will also be presented. Learning Objectives: Participants will be able to review relevant examples of different fraud schemes and how fraud can occur, discover how fraud can occur and how it can be prevented, and understand the latest fraud trends and analytical techniques to assist with fraud detection and prevention. 1:50 2:40 p.m. Tax Update Carl Barkson, CPA Sara Hendrix, CPA BDO USA, LLP This session will examine hot topics in the area of taxation, provide updates regarding recently decided court cases, and discuss current and proposed legislation affecting the taxation of insurance companies. Learning Objectives: To understand current hot topics pertaining to the taxation of insurance companies, assess current and proposed tax legislation, and understand how potential legislation changes may impact their businesses. 2:40 2:55 p.m. Vendor Introductions 2:55 3:10 p.m. Refreshment Break 3:10 4:00 p.m. Speaking the C-Suite Language: Best Practices in Communicating with Your CFO Kalindra Kennedy Jon Noble Clearwater Analytics Investment accounting is complex but CFOs time is limited. Based on industry benchmarking data and best practices from industry-leading CFOs, this session will cover the best ways to streamline communication, have more valuable conversations, avoid CFOs pet peeves, and more. Learning Objectives: Participants will learn how to have more valuable conversations with their CFOs, learn how to streamline communication with their C-suite in order to ensure they are showing them the most valuable information in ways that resonate immediately, and gain insight into what CFOs want to see, based on CFO-driven data. 2
4:00 4:50 p.m. GAAP Update Tim Nowak Heidi DeVette Johnson Lambert, LLP This presentation focuses on recent developments surrounding U.S. GAAP, including looking at what is currently on the FASB s agenda and discussing its potential impact on insurance companies. Learning Objectives: To obtain a general understanding and update regarding financial, accounting, tax, regulatory, legislative, information technology, actuarial, and other areas affecting the insurance industry. 6:00 9:00 p.m. Vendor Reception and Dinner The Waldron Public House 58 Ionia Avenue S.W. Grand Rapids, MI 49503 (Participant transportation to dinner and back to hotel will be provided.) 9:00 Until After Dinner Activities ArtPrize and other activities in downtown Grand Rapids (Participants responsible for own transportation back to hotel.) Friday, September 23 7:30 8:15 a.m. Vendor Networking and Breakfast 8:15 9:05 a.m. Reinsurance Leakage Jon Morris, MBA, CPCU, ARe Bethany Taylor AON Inpoint Most companies identify, bill, and recover more than 98% of the amounts due from reinsurers. However, over time the small number of unidentified reinsurance recoveries can build to a substantial amount millions of dollars in some cases. Find out some of reasons reinsurance recoveries are missed, and how to design and implement a data-driven approach to identifying opportunities to recover reinsurance balances. Learning Objective: Participants will be able to understand the concept of financial leakage, including how it applies generally and to insurance and reinsurance, will be exposed to common areas of leakage in insurance and reinsurance, and will be exposed to strategies for mitigating or eliminating financial leakage in their operations. 3
9:05 9:55 a.m. Statutory Update Joe Nielsen, CPA Ernst & Young, LLP The National Association of Insurance Commissions continues to address a wide range of accounting issues. This session will provide you with an update of recently adopted standards and offer a glimpse of the emerging statutory accounting matters on the NAIC agenda. The information provided at this session will bring you up-to-date on all new topics to help keep you informed. Learning Objective: To obtain a general understanding and update about statutory and regulatory hot topics impacting the insurance industry, new statutory developments and changes impacting the insurance industry, and substantive and non-substantive statutory accounting revisions. 9:55 10:10 a.m. Vendor Networking and Refreshment Break 10:10 11:50 a.m. Resisting Pressure From Start to Finish Gary Leeman, CPA, ABV, CFF, CGMA, CMC Cendrowski Corporate Advisors, LLC This session will examine the pressures placed upon the insurance industry s accountants and IT professionals. Potential threats creating conflicts and hampering intellectual honesty will be addressed. Safeguards to neutralize or eliminate the threats will be discussed. Case studies based upon actual events will be discussed to illustrate the existence of threats and the ability to overcome them. Learning Objectives: Attendees will be able to identify threats creating conflicts, will be able to establish safeguards against threats, and will be able to implement procedures to maintain intellectual honesty. 11:50 12:00 p.m. Closing Remarks Michael O. Martin, CPA Atain Insurance Companies President of the Michigan Chapter of the IASA 4
Booklet printed courtesy of Swift Print Communications Learning Objectives: To obtain a general understanding and update regarding financial, accounting, tax, regulatory, legislative, information technology, actuarial, and other areas affecting the insurance industry. Program Content: Industry professionals speaking on topics relative to financial, accounting, tax, regulatory, legislative, information technology, actuarial, and other areas affecting the insurance industry. Program Level: Basic Prerequisites: None Required Advance Preparation: None Required Type of Delivery Method: Group Live Registration Instructions: Register online at www.iasa.org/michigan. Registration fee is $140 through September 5, 2016. Late registration is $150 commencing September 6, 2016. Refund/Cancellation Policy: Received in writing to Gina Jolly at gjolly@iasa.org by September 16, 2016. No refunds issued after that date. Complaint Resolution: For more information regarding refunds, complaints, and/or cancellation policies, please contact Gina Jolly at gjolly@iasa.org or (919) 489-0991, or visit the IASA website at www.iasa.org. This program has been certified for continuing professional education credits. Accounting / Auditing 4.0 Ethics 2.0 Other 4.0 Total 10.0 Insurance Accounting and Systems Association, Inc. 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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. NASBA phone number: (615) 880-4200 Web site: www.nasba.org. 5