COURSE APPLYING ERM PRINCIPLES TO OPTIMIZE RISK MANAGEMENT & INSURANCE STRATEGIES FOR POWER GENERATORS July 13, 2018 Hyatt Place Denver Tech Center Denver, CO RELATED EVENT: FUNDAMENTALS OF ENTERPRISE RISK MANAGEMENT PRINCIPLES July 12, 2018 Denver, CO TAG US #EUCIEvents FOLLOW US @EUCIEvents EUCI is authorized by IACET to offer 0.7 CEUs for the course
OVERVIEW This training program is designed for Risk Managers and others concerned with managing risk and insurance for the power generation industry and will provide an overview of how Enterprise Risk Management (ERM) principles can be applied to optimize risk management and insurance programs for organizations. Attendees will review and discuss the key risks and controls within power generating operations and learn how to conduct an enterprise risk assessment utilizing a consistent and objective risk assessment approach. Attendees will learn how to develop a risk register and utilize its findings to optimize how capital is deployed to address competing risk priorities across the organization and to optimize corporate insurance programs. The training will include exercises and case studies to achieve a practical understanding of how ERM can be applied to better align an organization s risk management strategies with its risk appetite. Too often organizations develop risk management strategies in silos and have a difficult time prioritizing their efforts in a holistic manner. All organizations have limited capital and many competing risk priorities, this course will provide attendees with a structured approach to optimize its risk management efforts and specifically provide insights as to how an ERM approach can support the design / redesign of an organization s insurance program strategies. LEARNING OUTCOMES Identify key risks and controls within power generation operations Conduct an enterprise risk assessment Develop a risk register Leverage ERM to optimize risk management and insurance program strategies WHO SHOULD ATTEND Those responsible for managing risk at power generation plants: Board Members Management Risk Managers Plant Managers Finance Personnel Internal Audit PAGE 2
AGENDA FRIDAY, JULY 13, 2018 8:00 8:30 am Registration & Continental Breakfast 8:30 10:30 am Risk Identification Exercises & Risk Assessment Workshop: Converting ERM Principles into Practice for Power Generating Facilities This interactive session asks attendees to identify enterprise risks and key controls in hydro, thermal, wind, and solar power generating operations. The activities include: Brainstorming sessions to identify strategic, operational, financial and compliance risks; key controls; and risk assessment criteria Facilitated risk assessment group exercises for each power generating group 10:30 11:00 am Networking Break 11:00 am 12:00 pm Risk Identification Exercises & Risk Assessment Workshop Continues 12:00 1:00 pm Group Luncheon 1:00 2:30 pm Development of Key Controls and Risk Treatment Strategies for Top Priority Risks This session will provide attendees with tools and an overview of processes used to analyze risks; develop key controls and risk treatment strategies; and support monitoring and reporting on risk treatment strategies. Key controls and risk treatment strategies will be identified and analyzed using a bow-tie risk analysis tool Risk treatment strategies will be developed using a standardized template which will establish the risk governance structure for each strategy and the priority of each strategy Development of risk treatment dashboard tool which will enable management to monitor and report on the status of risk treatment strategies 3:00 4:00 pm Overview of Key Insurance Coverages / Policies for Power Generation Operations This session will review details and important concepts surrounding the different kinds of insurance policies required for power generators. Property exposures such as fire, natural hazards, weather, etc. Casualty exposures Boiler & Machinery Environmental Workers Compensation Directors & Officers 4:00 5:00 pm Leveraging ERM to Optimize Power Generation Insurance Strategies Many organizations manage their insurance programs in a silo and do not take into consideration the competing risk priorities across an organization. This session will enable participants to leverage a stronger understanding of an organization s risk profile to optimize its insurance program strategies. Analysis will insurance program with enterprise risks Evaluating insurance program cost / benefits against competing risk priorities 5:00 pm Applying ERM Principles to Optimize Risk Management & Insurance Strategies for Power Generators Concludes PAGE 3
INSTRUCTOR Jerry Chien Eastern Canada Leader Risk Solutions, Aon Risk Solutions Jerry Chien is an enterprise risk management and insurance professional with 20+ years of broad leadership and consulting experience. He has successfully implemented enterprise risk management frameworks / programs within two complex fast growing multinational publicly traded companies from ground zero (D+H - Banking & Technology; and AQN - Power Generation & Utilities). In both roles he presented to the Board on a quarterly basis; chaired executive risk committee meetings; facilitated risk and control assessments/audits across business units; and developed ERM policies, procedures and tools in alignment with best practices and the organization s risk appetite. In 2016, AQN s ERM program was recognized by the Risk and Insurance Management Society (RIMS) for achieving Advanced Leadership in ERM. Prior to his roles with D+H and AQN, he spent 11 years with AON providing ERM and risk management consulting to over 100+ organizations across a wide range of industries including: Banking/Insurance / Energy / I.T. / Food / Pharma / Mining / Forestry / Mfg. / Government / Real Estate / Retail. He was responsible for launching and leading AON s ERM consulting practice in Canada and was part of AON s global ERM leadership team. At D+H and AQN, he effectively restructured and managed the corporate property & casualty insurance portfolios for both of these organizations generating $10+ million in insurance premium savings and recovering $35+ million in insurance claims. At AQN, he developed and launched a captive insurance company with a innovative product line to manage earnings volatility risk due to adverse weather conditions. During his years with AON Jerry was a licensed commercial insurance broker for 10 years (BC - Level 2 License and ON - RIBO) and helped a wide range of clients build, optimize, and effectively manage their insurance programs. PAGE 4
REQUIREMENTS FOR SUCCESSFUL COMPLETION Participants must sign in/out each day and be in attendance for the entirety of the course to be eligible for continuing education credit. INSTRUCTIONAL METHODS Highly interactive class, Case studies, PowerPoint presentations will be used in this program. IACET CREDITS EUCI has been accredited as an Authorized Provider by the International Association for Continuing Education and Training (IACET). In obtaining this accreditation, EUCI has demonstrated that it complies with the ANSI/ IACET Standard which is recognized internationally as a standard of good practice. As a result of their Authorized Provider status, EUCI is authorized to offer IACET CEUs for its programs that qualify under the ANSI/IACET Standard. EUCI is authorized by IACET to offer 0.7 CEUs for the course. EVENT LOCATION A room block has been reserved at the Hyatt Place Denver Tech Center, 8300 E Crescent Parkway, Greenwood Village, CO 80111, for the nights of July 11-12, 2018. Room rates are $159 plus applicable tax. Call 1-303-804-0700 for reservations and mention the EUCI event to get the group rate. The cutoff date to receive the group rate is July 13, 2018 but as there are a limited number of rooms available at this rate, the room block may close sooner. Please make your reservations early. PAGE 5
PLEASE SELECT WWW.EUCI.COM p: 303-770-8800 f: 303-741-0849 SPECIAL BUNDLE PRICE: FUNDAMENTALS OF ENTERPRISE RISK MANAGEMENT PRINCIPLES AND APPLYING ERM PRINCIPLES TO OPTIMIZE RISK MANAGEMENT & INSURANCE STRATEGIES FOR POWER GENERATORS COURSES: JULY 12-13, 2018: US $1895 Early bird on or before June 22, 2018: US $1695 Please make checks payable to: PMA" EVENT LOCATION A room block has been reserved at the Hyatt Place Denver Tech Center, 8300 E Crescent Parkway, Greenwood Village, CO 80111, for the nights of July 11-12, 2018. Room rates are $159 plus applicable tax. Call 1-303-804-0700 for reservations and mention the EUCI event to get the group rate. The cutoff date to receive the group rate is July 13, 2018 but as there are a limited number of rooms available at this rate, the room block may close sooner. Please make your reservations early. ENERG ZE WEEKLY APPLYING ERM PRINCIPLES TO OPTIMIZE RISK MANAGEMENT & INSURANCE STRATEGIES FOR POWER GENERATORS COURSE ONLY JULY 13, 2018: US $995 Early bird on or before June 22, 2018: US $895 How did you hear about this event? (direct e-mail, colleague, speaker(s), etc.) Print Name Job Title Company What name do you prefer on your name badge? Address City State/Province Zip/Postal Code Country Phone Email List any dietary or accessibility needs here CREDIT CARD INFORMATION Name on Card Billing Address Account Number Billing City Billing State Exp. Date Security Code (last 3 digits on the back of Billing Zip Code/Postal Code Visa and MC or 4 digits on front of AmEx) OR Enclosed is a check for $ to cover registrations. Substitutions & Cancellations Your registration may be transferred to a member of your organization up to 24 hours in advance of the event. Cancellations must be received on or before June 8, 2018 in order to be refunded and will be subject to a US $195.00 processing fee per registrant. No refunds will be made after this date. Cancellations received after this date will create a credit of the tuition (less processing fee) good toward any other EUCI event. This credit will be good for six months from the cancellation date. In the event of non-attendance, all registration fees will be forfeited. In case of course cancellation, EUCI s liability is limited to refund of the event registration fee only. For more information regarding administrative policies, such as complaints and refunds, please contact our offices at at 303-770-8800. (201) 871-0474. EUCI reserves the right to alter this program without prior notice. PAGE 6