Acli_AnnualConference_FutureReady_-Graph

Monday, October 12

9:00-9:45 AM

 

Hot Coffee and Hot Issues

1. CHECKING THE TEMPERATURE OF U.S CREDIT MARKETS AND LIFE INSURERS DURING COVID-19 

Sponsored by: S&P Global Ratings


While S&P Global Ratings’ outlook on the U.S. Life Insurance sector remains stable, COVID-19 has created unprecedented challenges for life insurers in nearly every aspect of their business. Our senior analysts will discuss the current trends in credit markets and underline key factors driving our updated outlook on U.S. Life insurers, the headwinds insurers face and how those may impact ratings. We’ll also dive into insurers’ investment portfolios, discuss what the M&A environment looks like and touch on what might change our outlook on the sector.

Speaker:

Carmi Margalit, Senior Director, Life Insurance Sector Lead, Insurance Ratings, S&P Global

 

2. THE NEW INFRASTRUCTURE FRONTIER: EXPLORING THE BENEFITS TO CLOUD COMPUTING

Sponsored by: Talcott Resolution

As a newly independent company, Talcott Resolution decided to implement a cloud-based platform to continue its existing business, but with an eye for future growth. Pete Sannizzaro, President and Chief Executive Officer, and Samir Srivastava, Chief Information Officer, will discuss the rationale behind this decision, the benefits of cloud-based computing, and the challenges with new technology interacting with older administration systems.

Moderator:

Bruce Ferguson, Senior Vice President, State Relations, American Council of Life Insurers

 

Speakers:

Peter F. Sannizzaro, President and Chief Executive Officer, Talcott Resolution

Samir Srivastava, Chief Information Officer, Talcott Resolution

9:45-10:15 AM

Morning Break 

Sponsored by: Eversheds Sutherland                                          

10:15-10:30 AM

Opening Remarks and Perspectives
 

10:30-11:15 AM

A Conversation with Secretary Condoleezza Rice


Widely considered to be one of the most influential and powerful leaders in the world, Secretary Condoleezza Rice will kick-off our annual conference with expertise on global affairs, national security and education. Secretary Rice will discuss current affairs including social injustice and racial tensions, and provide thought-provoking lessons on leadership, offering insights we can apply to this period of economic and social transformation.

Moderator: 

Susan K. Neely, President & Chief Executive Officer, American Council of Life Insurers

Speaker: 

Condoleezza Rice, Secretary of State (2005-2009)

11:15-11:45 AM

Mid-Morning Break: Meditation Class

Join Holly Hancock for a 20-minute guided meditation that will leave you feeling relaxed and ready for your next conference session. Meditation has been shown to reduce stress, sharpen focus, and increase productivity. No prior meditation experience needed.

Sponsored by: Eversheds Sutherland

11:45AM-12:45PM 

Concurrent Sessions

1. Legal/Compliance Focus Session

LITIGATION UPDATE

Join in-house counsel from three of the industry’s leading insurers as we discuss the current litigation landscape for life insurance and annuity products. We’ll focus on recent developments related to cost of insurance (COI) litigation, indexed universal life (IUL) issues and possible exposure, and CA retroactivity, to name a few.


Moderator:
Shaunda Patterson-Strachan, Partner, Faegre Drinker Biddle & Reath LLP

Speakers:

Livia Babcock, Assistant Vice President, Litigation and Regulatory, Allianz Life Insurance Company of North America

Kevin Kimmerling, Senior Vice President and Assistant General Counsel, Global Atlantic Financial Group

David M. Loper, Senior Vice President & Senior Counsel, Protective Life

2. Finance/Investment Focus Session:

INSURTECH INVESTING: A DIFFERENT WORLD OF M&A

This session will explore the unique aspects and issues (including business and culture issues and legal issues) encountered by traditional insurance players in investing in InsureTech/Venture Capital targets. It will highlight the primary goals of the parties, the legal and business issues encountered in such transactions and the cultural differences encountered by insurance company investors. The panel will review and discuss some of the recent transactions and discuss varying strategies for participating in PE investing.

Moderator:

B. Scott Burton, Partner, Eversheds Sutherland

 

Speakers:

Alexander R. Cochran, Partner, Debevoise & Plimpton LLP

Sandi Knox, Counsel, Sidley Austin
Craig Schedler, Vice President, Strategic Investing, Northwestern Mutual

Douglas Timmer, Assistant General Counsel, Northwestern Mutual

3. Trends & Technology Lightning Talks 

  1. WE, THE POST-DIGITAL PEOPLE
    As insurance companies enter the post-pandemic era, digital technology is evolving from an advantage to a basic expectation, and yesterday’s best practices are turning into today’s shortcomings. To move forward, businesses must first acknowledge the essential role technology plays in people’s lives today, and how that relationship is changing people’s needs and expectations. Tomorrow’s insurance leaders will seize this opportunity to invent a virtuous circle of trust, data and deeper experiences—a more human future. This year’s Accenture Insurance Technology Vision 2020 report explores how in a world where digital is everywhere, enterprises need to reimagine their technology approach to align to customers’ and employees’ values and today’s growing virtual requirements

    Speaker:
    Kym Gully, Product Strategy and Development Lead, Accenture Life and Annuity Software

     

  2. VIRTUAL, OUR NEW REALITY
    Stakeholders come in all shapes, sizes and categories, including the nontraditional. When thinking of internal stakeholders, for example, a company’s board of directors isn’t always likely to surface as a key group. However, a nontraditional group is just as influential in helping a company achieve its goals during a crisis and beyond as a traditional W-2 employee. Each group has an insider’s view but from different perspectives. By thinking differently about identifying each group, determining what’s top of mind for them, and learning when, where and how each wants to receive communications, you can craft, distribute and even condition audiences to seek out what they need, making your efforts much more efficient and effective. 

    Don’t miss this riveting session which, employing a values-based approach to integrated stakeholder engagement, will focus on how to ensure your business is sustainable post-crisis by nurturing your company’s most valuable asset – its human capital.


    Moderator:
    Pat Reeder, Vice President & Deputy General Counsel, American Council of Life Insurers


    Speaker:
    Catherine Hernandez-Blades, Senior Vice President, Chief ESG and Communications Officer, Aflac

4. UNMASKING COVID-19: REINSURERS DISCUSS WHAT COMES NEXT IN THE FIGHT AGAINST COVID-19 AND A GLOBAL RECESSION
Despite years of warnings from scientists that a pandemic was a highly probable event with potentially massive impacts, the U.S. was largely unprepared for a global pandemic that fed on global interconnectivity. Now the world is grappling with how to mitigate its dangers along with severe economic stresses. Come have a discussion with experts from the reinsurer community as they discuss the questions and answers everyone wants know, including: 

  • How likely is it that an effective vaccine will emerge, and even if it does, will governments be able to scale up production and distribution? 

  • Will we have another pandemic in the next 5-10 years?

  • How is the pandemic changing people, organizations, and society, writ large? What do these changes mean for the industry?

  • What is the outlook for economic recovery and how is it complicated by the world’s ability to mitigate COVID-19

Moderator:

Mariana Gomez-Vock, Vice President & Associate General Counsel,

American Council of Life Insurers

 

Speakers:

John C. Brueckner, Chief Executive Officer, Americas, SCOR Global Life Americas

Dave Rengachary, MD, Senior Vice President, Chief Medical Director, US Mortality Markets, RGA Reinsurance Company

12:45-1:30 PM

Lunch Break

12:45-1:30 PM

Chairman’s Club virtual event with special guest speaker William “Bill” McInturff, Partner and Co-Founder of Public Opinion Strategies

(By Invitation Only)

1:30 - 2:30 PM

       

Concurrent Sessions

1. Legal/Compliance Focus Session

SELLING PRACTICES IN OUR NEW WORLD

This session will include a discussion on how to adjust and sell in a socially distant environment and provide an update on Suitability and Best Interest Standard.

 

Moderator:

Sharon Cheever, Senior Vice President, General Counsel, Law Department, Pacific Life

 

Speakers:

Chin Kim, AVP, RSD Compliance, Pacific Life

Suzanne Sainato, Vice President & Chief Compliance Officer, Assurance, Prudential Financial

2. Finance/Investment Focus Session

GROUP CAPITAL CALCULATIONS: A SUPERVISORY TOOL

Is your company ready for the roll-out of the NAIC Group Capital Calculation? NAIC President-Elect David Altmaier has toiled over the details of the NAIC Group Capital Calculation for years and has agreed to put himself on the hot-seat to answer all of your questions about the GCC. President-Elect Altmaier will share his view on why the GCC is a necessary value-add to the U.S. regulatory system, as well as share his own insights on the future use and development of the GCC, as well as what companies should do to prepare for the GCC.
 

Moderator:

Mariana Gomez-Vock, Vice President & Associate General Counsel, ACLI

 

Speaker:

Commissioner David Altmaier, Florida Office of Insurance Regulation, NAIC President-Elect

3. Trends & Technology Lightning Talks

1. THE RISE OF DIGITAL CONSUMERISM IN INSURANCE- 5 THINGS INSURERS NEED TO DO TO REMAIN RELEVANT 

Consumers have not just adopted digital platforms but have come to prefer them.  Venture capital and private equity backed insurtechs have been proliferating in the last five years to capitalize on this new norm.  This session will address what insurers need to do today to meet the expectations of the “buy online” insurance consumer. 

Speaker:                      

Eleana Cheng, CEO, Guardian Direct

 

2. INNOVATION THROUGH CULTURE: STORIES FROM A DECADE AT GOOGLE
 

In 2020, the world changed in unprecedented and unpredicted ways. Innovative and cutting-edge technologies became irrelevant. Thriving media platforms faced rebellion and boycotts. And entire industries, built on steady ground, were reduced to irrelevancy. All businesses were forced to face new realities. Our ever-changing culture and business climate should remind all of us of the need to innovate. Through technology, social media, activism, and unprecedented events like COVID-19, this rapid pace of change demands that businesses not only have a groundbreaking idea, product, invention, or service, but that they are built on a culture with the capacity to constantly churn out new ideas. A culture of innovation.

Based on a decade at one of the world’s most innovative brands, Google, Steve Lerch will share stories of how simple cultural building blocks are more important drivers of innovation than billion-dollar budgets and droves of engineers. Learn simple, practical strategies that you can instill at your company or within your team. The same simple principles that have allowed Google to help the world save lives, connect humanity, empower new population, and even catch Pokémon.

Speaker:
Steve Lerch, Speaker & Consultant, President, Story Arc Consulting

2:30 - 2:45 PM

       

Afternoon Break

Sponsored by: Eversheds Sutherland

2:45 - 3:15 PM

Creativity and Innovation for a Better Tomorrow

Described by The Wall Street Journal as “a force of nature, the Energizer Bunny, the Tasmanian  Devil, and Luke Skywalker,” José Andrés is not your typical chef. The owner of an international company with 31 locations, 1,200 employees, and $150 million in annual revenue—and a sought-after TV icon, political activist, and Harvard professor—Andrés’ secret to success is being so passionate that he has no problem rolling up his sleeves and doing the heavy lifting himself. In a presentation full of edge-of-your-seat anecdotes, Andrés proves that a culture of innovation and creativity not only leads to personal and organizational success, but also a better tomorrow for all.

Moderator:
Howard Bard, Vice President, Taxes and Retirement Security, American Council of Life Insurers

Speaker:

José Andrés, Culinary Innovator, International Business Visionary, and Owner, ThinkFoodGroup

3:15 PM

       

Wrap-Up

3:30 - 4:00 PM

       

Meet & Greet with José Andrés (By Invitation Only)

3:45- 4:30 PM

       

Scotland & Scotch Networking Activity

The Dram Good Laddies take you on a tour of Scotland like you have never experienced before.  Scottish born and bred, all three Laddies have spent the past 20 years working for the world’s biggest Scotch Whisky brands, telling stories, illuminating crowds, and drinking only the finest whiskies. Join the laddies as they lead you on an in-depth tour of one of the world’s most famous Scotch Whisky distilleries as part of a journey of discovery through Scotland, 5,000 years in the making.  Join us and immerse yourself in the amazing history, cities, landscapes, and culture of Scotland from the comfort of your own home.

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CONTACT

GENERAL CONFERENCE 
Elizabeth Cookson, ElizabethCookson@acli.com, 202-624-2114

SPEAKER MANAGEMENT

Jenn Cutri, JenniferCutri@acli.com, 202-624- 2433
 

REGISTRATION PARTNERSHIP (Sponsorship)

Geneva Barber, GenevaBarber@acli.com, 202-624-2424

©2019 ACLI. 101 Constitution Ave., NW; Suite 700; Washington, D.C. 20001  |  www.acli.com

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