BOSTON, June 1, 2006 (PRIMEZONE) -- The Insurance Accounting & Systems Association (IASA) is pleased to announce that over 125 CFOs in the insurance industry have registered to attend the 3rd Annual IASA - CFO Roundtable on Tuesday, June 6. As part of IASA's Executive Education Program, the sessions to be presented have been designed to cater to the specific needs and interests of professionals in high-level insurance financial positions. This exclusive event will feature expert educational sessions sponsored by Guy Carpenter, Hyland Software, IASA and SAP. Admittance to the CFO Roundtable is complimentary to any qualifying Chief Financial Officer registered to attend the 2006 IASA Annual Educational Conference and Business Show, June 4-7 in Boston.
Register today and you can expect to take part in the following informative sessions at the 2006 CFO Roundtable:
"Reinsurance - Do You Have Sleep Insurance or Insomnia?"
How well are you sleeping? With the effects of major catastrophes, the late extension of TRIA, consolidation among reinsurers, continued unprofitability plaguing some lines of business, and new demand for higher returns weighing down from above, many insurance company executives are struggling to sleep at night. It used to be said that buying reinsurance was like buying sleep insurance. So, what happened, and where do we go from here? The expert panel presenting this session will be comprised of representatives from the reinsurance market and broker communities, as well as insurance company buyers from property/casualty and life/health companies. Attendees will have a chance to hear our panel's Top Ten List of Future Reinsurance Issues which will include actual and potential issues reinsurers will be facing in the next few years. An interactive discussion will follow that promises to be lively and will confront how these issues will affect reinsurance regulation, pricing, capacity, coverage and retention levels for insurance carriers. During this session our expert panelists will not just present the issues, but will provide insights into what insurance companies can do now to mitigate the cost and effect of these issues on their companies (and on their executives' sleep).
"Creating a Compliance Framework: ECM Solutions for Governance, Risk & Compliance Management"
In today's regulatory environment, newly-empowered compliance officers, internal audit professionals, technology executives and even CFOs need to focus on creating a clear framework for governance, risk and compliance management. By establishing project management guidelines around risk and compliance initiatives and clearly defining the roles of company officials, you will be able to realize business process improvements that will strengthen internal controls and increase transparency. ECM solutions that incorporate compliance and testing documentation, business processes improvement, imaging, records management, email archiving and document retention, can help your company tackle back-end compliance management challenges, automate underwriting and claims processing, and provide a firm methodology for documenting internal controls and processes for ease of compliance reporting. ECM solutions can ease the pain of compliance -- attend this important session today to learn more.
"A New 'Normal' - Lessons in Disaster Survival and Recovery"
Headquartered in New Orleans, Pan-American Life recently faced the daunting challenge of maintaining the integrity of its international operations in the aftermath of Hurricane Katrina, the worst natural disaster in U.S. history. The company has gained a unique perspective on what it takes to properly plan for, survive and recover from the type of catastrophic event that unfortunately could strike any company at a moment's notice. The presentation will address the practical issues associated with disaster survival and recovery, including planning, the need for flexibility, technology and communications challenges, and the importance of people in any recovery plan. The company's story is both compelling and informative, and offers insights that can only be gained by experiencing such an event firsthand.
"Economic Update for the Insurance Industry"
This presentation will deliver a meticulous review of the dynamic forces impacting the U.S. economy and its major sectors. For comparison purposes, we will also review the outlook for the U.S. economy relative to other major global economies. Building upon this framework, we will discuss the most likely trajectory for economic growth, inflation and interest rates relative to such trends in other major global economies. Using these projections, we will develop a complete outlook of U.S. equity and U.S. credit markets as well as the likely path of monetary and fiscal policies within the United States. At the conclusion of these formal remarks, we will provide ample time for a question and answer session to delve further into the issues discussed to review any other related topics of interest to seminar participants.
IASA's Executive Education Program was designed to fill the need of high-level insurance industry executives for peer-to-peer education and networking opportunities by "building leadership strength through knowledge." Executive Education Program events strive to provide content targeted specifically for senior insurance industry financial and technology executives respectively in an exclusive environment that promotes networking with peers and IASA's core goal of "progress through sharing knowledge."
For more information about the CFO Roundtable, IASA or IASA's Annual Conference, please contact: Joe Pomilia, IASA Executive Director at 847-823-2868 or jpomilia@iasa.org.
About IASA
The Insurance Accounting & Systems Association, Inc. (IASA) is a non-profit, education association that strives to enhance the knowledge of insurance industry professionals, and participants from similar organizations closely allied with the insurance industry by facilitating the exchange of ideas and information. IASA is the insurance industry's largest, and most well represented trade association. IASA membership includes insurance companies of all types (Property & Casualty, Life, Health, Fraternal, HMO and others) as members, as well as companies serving the insurance industry, regulators and also organizations more broadly representative of the financial services industry, including banks and investment brokerage firms. Learn more about the IASA by visiting our website at www.iasa.org or by calling (919) 489-0991.