NAMIC 121st Annual Convention


September 26, 2016 7:00 AM -
September 27, 2016 5:00 PM

Agenda


  • Monday, September 26
  • Tuesday, September 27
7:00 am PDT Interview: Cam Marston
    Cam Marston, Multi-Generational Relations and Workplace Communication Expert, Mobile, Ala.
7:45 am PDT Emerging Technology and Board Responsibility in Insurance
This session qualifies for FMDC credit in the operations & insurance module under the course name: Emerging Industry Trends.
New technology developments are driving change in the insurance industry. Mobile, social, and email are accelerating communications. Analytics, big data, and the Internet of Things are changing risk analysis and fraud detection. Cloud computing is changing how insurers manage their own capabilities. Cybersecurity affects every industry. It has never been more important for insurers to understand the opportunities and threats posed by technology, but few senior leaders and board members in the industry understand the risks and rewards. This session presents an executive-level overview of key technology issues and discusses best practices for boards of directors and company executives.
  • Frank Petersmark, Ph.D., Associate Vice President of Research and Consulting, Novarica, Boston, Mass.
  • Chuck Ruzicka, Vice President of Research and Consulting, Novarica, Boston, Mass.
9:00 am PDT Tuesday Keynote: Attracting and Retaining a New Generation of Employees
Retaining employees is far more cost effective than recruiting and training new ones. This presentation profiles each generation of employee - what will get them on the clock and what will keep them ticking. Cam Marston will help you adapt your recruiting and retention program to suit the ambitions and goals of each generation, choose from the best that each has to offer and realize the full return on investment in your workforce.
  • Cam Marston, Multi-Generational Relations and Workplace Communication Expert, Mobile, Ala.
10:30 am PDT The Future of Labor Supply: Where the Jobs Are
This session qualifies for FMDC credit in the operations & insurance module under the course name: Human Resources.
This session qualifies for 1 CPE credit in Personnel/HR field of study.
This session qualifies for 1 HRCI recertification credit.

In the coming decades, North America's population born between 1946 and 1965 will retire. With product and business lifecycles shortening, the range of jobs that the next generation of workers can choose from will continue to grow. Even within a particular job or career path, the increase of social, cultural, and economic diversity will require the next generation to have a growing range of skills to adapt to this new demographic and economic paradigm. Employers now face the difficult challenge of managing labor supply issues such as where new employees will come from, what their needs will be, and how slowly the labor force will grow.

In this entertaining session based on extensive research, Andrew Ramlo, executive director of Urban Futures, will explore the potential opportunities that will arise with this demographic shift in a world increasingly characterized by change. With product and business lifecycles shortening, the range of jobs (and careers) that the next generation of workers can choose from will continue to grow. Even within a particular job or career path, the increase of social, cultural, and economic diversity will require the next generation to have a growing range of skills to adapt to this new demographic and economic paradigm.

Learning Objectives
  • List two differentiating factors between U.S. and Canadian demography;
  • Identify the general age ranges of the boom, buster and millennial generations;
  • Learn about the elements that generally contribute to demographic change; and
  • Understand the driving factor behind U.S. and Canadian population growth in the next two decades.
  • Andrew Ramlo, Demographer, Planner, and Executive Director, Urban Futures, Vancouver, British Columbia
11:45 am PDT A.M. Best Methodology Update
This session qualifies for 1 CPE credit in Specialized Knowledge and Applications field of study.
A.M. Best will present its proposed changes to the Best's Credit Rating Methodology and the Best's Capital Adequacy Ratio, which are out for public comment in fall 2016. This presentation will include details on the BCAR model and how the BCAR output fits into the overall rating process as well as discussion about the comments received to date.

Learning Objectives:
  • Understand the purpose of Best's Capital Adequacy Model;
  • Learn how BCAR fits into A.M. Best's overall rating methodology;
  • Identify the key industry discussion topics related to the development of the new BCAR; and
  • Know the timeline for implementation for BCAR and A.M. Best's new rating methodology.

Know the timeline for implementation for BCAR and A.M. Best's new rating methodology.
  • Matt Mosher, Executive Vice President & Chief Operating Officer, A.M. Best, Oldwick, N.J.
1:00 pm PDT Rise in Litigation and the Impact Within the Claims Department
This session qualifies for FMDC credit in the operations & insurance module under the course name: Emerging Operations Issues.
Litigation is on the rise, especially involving claims practices allegations and class action lawsuits. Failing to be prepared can cost your company millions of dollars. This program will address the impact at all levels of the claims operation and prepare your team for success in handling these new and different types of insurance litigation.
  • Matthew J. Smith, Esq., President, Smith, Rolfes & Skavdahl Company, LPA, Cincinnati, Ohio
3:00 pm PDT How Middle Market Companies Attract & Retain Talent
This session qualifies for 1 CPE credit in Personnel/HR field of study.
This session qualifies for 1 HRCI recertification credit.

The U.S. middle market is defined by companies with annual revenues between $10 million and $1 billion and accounts for one-third of the country's private sector gross domestic product and jobs. These middle-market companies face challenges in the war for talent that larger companies don't. Compensation constraints, company name recognition, and company location make that list. At the same time, the middle market offers attractions and capabilities that big companies cannot match. Less bureaucracy to be nimble and market responsive, more opportunities to work directly with the CEO and other executives, a shorter path to the top for decision making, and stronger connections to the community are just a few advantages the middle market boasts.

Because research has shown that companies with the best talent outperform their peers and enjoy stronger customer retention rates, middle-market companies need effective strategies for identifying, attracting, and retaining qualified talent if they wish to remain competitive and achieve their growth goals. This session will be based on the whitepaper "Building the Top Team: How Middle Market Firms Attract and Retain the Top Talent that Fuels Their Success" written by the National Center for the Middle Market in partnership with the Novo Group and will explore practical solutions to the common hurdles middle-market companies face when attracting and retaining talent.

Learning Objectives:
  • Understand employer value proposition best practices in your market;
  • Identify and develop EVP strategies to attract top talent to your organization; and
  • Learn how to connect EVP to retention and engagement of your workforce.
  • Kelly Renz, President & CEO, Novo Group, Inc., Brookfield, Wis.
4:15 pm PDT Interview: Sean Kevelighan
  • Sean Kevelighan, President and Chief Executive Officer, Insurance Information Institute, New York, New York

About this conference


The NAMIC Annual Convention is THE place where the industry comes together! Where else can you take advantage of networking with your peers, receive updates on industry breaking news and trends, and meet with reinsurers and rating bureaus - all in one location? When you add top level educational content and access to more than 120 exhibit booths within the Marketplace for Mutuals, the opportunity to accomplish this much in one spot only comes along once a year.

In addition, consistently more than 95 percent of convention survey respondents say that the convention experience meets or exceeds their educational expectations.

Attendance Highlights:

  • Last year's total attendance exceeded 1,900 individuals
  • More than 1,150 senior insurance executives participated
  • More than 300 P/C companies were represented
We urge you to be a part of one of the largest insurance company meetings in the country. It is NAMIC's largest gathering of member-company representatives from various size companies, illustrating our very diverse membership.

About National Association of Mutual Insurance Companies


NAMIC strengthens and supports its members and the mutual property/casualty insurance industry by its leadership in advocacy, public policy, public affairs, and member services.

For more information, visit: http://www.namic.org/