Tuesday, September 20, 2022

8:00-9:00am

Breakfast & Conference Registration

Sponsors: Deloitte 

 

 

9:15 -10:30am

Overcoming the Resistance to New Ideas

How do you get people to say yes to a new idea or innovation? The deep assumption of most people in the business of creating change is that the way to sell an idea is to focus on heightening its appeal. We instinctively believe that if we add enough value, people will say “yes.” This reflex tends to lead us down a path of adding features to an idea and amplifying its benefits in order to get others on board. These activities and strategies designed to generate demand is a set of tactics we refer to in the book collectively as “Fuel.”

But by focusing on Fuel to enhance attraction, innovators often neglect the other half of the equation – the Frictions that work against the desired behavior we seek in others. Frictions are the psychological forces that oppose and undermine change such as:

 

• Inertia: The powerful desire to stick with what we know, despite the limitations
• Effort: The energy (real and perceived) needed to make change happen
• Emotion: The unintended negative emotions created by the very change we seek
• Reactance: The impulse to resist being changed

 

Panel: David Schonthal

 

 

10:30-11:00am

Networking Break

 

Sponsor: 777 Re

 

 

11:00-12:00pm

Bermuda and how it fits into the Global Economy

Bermuda continues to grow as a premier marketplace to manage insurance risks.  The session explores how Bermuda-based insurance companies and regulator work together to contribute providing life insurance solutions across various global markets. From both direct and reinsurance perspectives, learn about how Bermuda insurance solutions provide more policyholder/cedent stability and enable better risk management. From a regulatory perspective, learn about how the Bermuda Monetary Authority (BMA) is working to uphold Bermuda’s global position as a leading jurisdiction. Join us for a joint panel session comprised of a diverse group of business leaders that serve significant insurance markets, speaking candidly alongside BMA’s supervisory division.

 

Panel: Natasha Scotland-Courcy, Senior VP, General Counsel, COO Athene; Darryl Herrick, President Global Atlantic Re; Amy Ponnampalam, CEO Athora Life Re Ltd; Niall O'Hare, Founder and CEO of Triangle Life; Martin Maringi, Deputy Director, Supervision Insurance Bermuda Monetary Authority

 

 

12:00-12:30pm

BILTIR Statutory Meeting

 

 

12:30-2:00pm

Lunch

 

Sponsor: EY

 

 

2:00-3:00pm

CRO Panel

Keeping One Eye on the Road Ahead and One Eye on the Rear-view Mirror

The combination of the COVID-19 pandemic, rapid shifts in macro-economic trends, and the continued conflict in Ukraine have fostered a remarkably challenging environment for risk managers. The interplay of various risk parameters has never been more complex. In this panel we will share different Chief Risk Officer perspectives on how innovation and related ESG considerations are shaping insurance risk frameworks as well as driving shifts in the regulatory landscape.

 

Panel: Peter Giacone, Senior Managing Director Kroll Bond Rating Agendy; Andrew Sooboodoo, Chief Risk Officer Fortitude Re; Michelle Moloney, Chief Risk Officer Pacific Life Re; Paolo Fiandesio, Chief Risk Officer Resolution Re

 

 

3:00-4:00pm

Application of ESG to Life Insurance

Beth Cava and Robb Barnum will lead a session on ESG and its implications on the insurance industry.

 

The purpose of this education session is to present views of:

• Why is ESG important in the insurance industry and how it is measured?
• What metrics are being used by life insurance companies to evaluate performance
• What are the global regulatory trends in ESG reporting?
• What is considered a real ESG activity? What is not?

 

Panel: Beth Cava, Assurance Partner, Deloitte; Robb Barnum, ESG Risk Manager, New England Asset Management

 

 

4:00-4:30pm

Networking Break

 

Sponsor: Kroll Bond Rating Agency 

 

 

4:30-5:30pm

Life InsurTech & Innovation

With the development of new and emerging technology, leading insurers are on the hunt to find ways to take advantage of new tech capabilities that will help them improve their business models. In this session, learn about the current state of the InsurTech ecosystem, its evolution in the Life space, and how it brings value to our industry. In addition, learn about how the BMA has been forward thinking and been developing new regulations to promote innovation and investment through new licensing options for InsurTech start-ups. As a live case study, listen to an upcoming Life InsurTech company’s journey towards the new IILT license in Bermuda.

 

Panel: Mitchell Klink, Associate Partner, EY; Melanie Fullerton, Senior Counsel, Walkers; Zachary Townsend, Founder, Standard Insurance

 

 

5:30-7:00pm

Networking Reception:  The Croquet Lawn

Join us for a networking reception taking in breathtaking views from the Croquet Lawn at Rosewood.  The reception will be a great opportunity to meet with your peers and expand contacts throughout Bermuda’s long-term insurance and reinsurance sector.

 

Sponsor: Athene

 

 

Wi-Fi and AV Sponsor: PwC