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The CIAA Annual Accounting Update is back! Join us on Tuesday, November 26th, 2024 at Vantage Venues in Toronto, ON, presented by KPMG.
Please see below for ticket details!
Tickets:
Members: $160.00
Non-Members: $215.00
Agenda:
AGENDA:
8:30am - 9:00am: Breakfast
9:00am - 10:30am: Session #1: CIAA Annual Accounting Update, Presented by KPMG
10:30am - 10:45am - Break
10:45am - 11:45am - Session #2: Economic Update, Presented by BMO, RSM and TD
SESSION #1:
The Future Beyond IFRS 17: Capital Assurance, Emerging Standards, and Climate Risk Reporting
During the CIAA Annual Accounting Update, we will provide industry insights on business as usual and optimization of IFRS 17. We will discuss the new accounting standards that are emerging with a more limited scope of impact on insurers, including IFRS 18 - Presentation and disclosure in the financial statements, IFRS 19 - Subsidiaries without public accountability disclosure, and IFRS 20 - Rate Regulation. We will also provide an update on the current state of OSFI Capital Assurance as well as incoming OSFI B-15 – Climate Risk Management Regulations. Finally, with an updated definition of a public interest entity, we will discuss what this means to insurers in Canada.
- IFRS 17 – Day 2 Update
- OSFI Capital Assurance Update
- Upcoming accounting standards:
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- IFRS 18 (Presentation and disclosure in the financial statements)
- IFRS 19 (Subsidiaries without public accountability: disclosure)
- IFRS 20 (Rate Regulation)
- What is a Public Interest Entity and what are the associated implications?
- OSFI B-15 Regulations (Climate Risk Management)
SPEAKERS:
Bobby Thompson, Partner, Insurance, KPMG in Canada
Bobby has served many P&C and Life companies who report under IFRS and are subject to OSFI capital standards, ranging from listed global conglomerates to private monoline insurers. He represents KPMG on industry working groups related to accounting and capital, including OSFI, IBC, CLHIA and the Canadian Institute of Actuaries.
Courtney Long, Senior Manager, Insurance, KPMG in Canada
Courtney has 10 years of experience in providing assurance and advisory services to a wide range of clients, including 7 years working specifically in the insurance industry. She has spent the last three years immersed in IFRS 17, providing advisory services implementing technical accounting policy to clients. Additionally, she is a member of the KPMG IFRS 17 Global Topic Team and led the development of the Canadian KPMG audit approach for IFRS 17.
Joëlle Zavitz, Manager, Insurance, KPMG in Canada
Joelle has over 6 years of experience contributing and managing group audits of listed corporations, large private corporations, and P&C and Life companies. Joelle transitioned to work entirely within the insurance industry in 2022 and has served many P&C and Life companies to advise and audit the transition and implementation of IFRS 17. She was recently elected to represent KPMG on the CIAA Board for the upcoming fiscal year.
Session #2:
Economic Update
SPEAKERS:
Tu Nguyen, Economist and ESG Director, RSM Canada
Dr. Tu Nguyen is economist and ESG director at RSM Canada. She provides thought leadership on key economic indicators of the real economy and on Environmental, Social, Governance issues. Her commentary has been featured in top media outlets such as Reuters, the Wall Street Journal, CBC, Global News, and CTV.
Kris Somers, Managing Director, BMO Capital Markets
Kris Somers is a Managing Director on the Investment Grade DCM team at BMO Capital Markets. Kris has spent 15+ years working in financial services with a broad range of responsibilities including corporate development, equity research, bond trading and investment banking. Currently he leads North American DCM coverage of the Telecommunication and Insurance sectors and has been a senior advisor to companies on a range of considerations involving hybrid capital, ESG finance, bond IPOs, ratings advisory and other structuring considerations. Kris is also chair of BMO’s Trees from Trades program that has planted more than 250,000 trees to date. He holds a Bachelor of Commerce degree and MBA from McMaster University and is a CFA charterholder.
James Orlando, CFA, Director of Economics, TD Bank Group
James is the Director of Economics for TD Bank Group. He provides leading analysis on economic and financial market developments in Canada and the US. James has written extensively on macroeconomic and financial market developments and is the author of TD's monthly flagship publication Dollars & Sense. As a respected commentator, James has been quoted by many media outlets – including Bloomberg, the Wall Street Journal, and Reuters. James also participated in a number of advisory and steering committees, including the Toronto Association of Business Economists and the Salvation Army. James holds a B. Comm. And MBA from McMaster University, and a M.Sc. from University of Navarra.
Moderated By:
David Mamane, Partner, P&C Actuarial Practice Leader, RSM Canada
As a consulting partner in RSM’s Actuarial Services practice, David provides a diverse range of property & casualty (P&C) actuarial, insurance management, and enterprise risk management advisory services to insurance companies and other large financial institutions. He has extensive experience in P&C insurance pricing and reserving, economic capital and risk modeling, enterprise risk management, stress testing, and data analytics. He acts as an Appointed Actuary, Rate Filing Actuary, and Independent Actuary in support of large P&C mergers & acquisitions. David also has past experience as a leader in the Corporate Actuarial and Risk Management functions at a large P&C insurance company, where he led the company’s Own Risk and Solvency Assessment (ORSA) process, and as a consultant for a large global insurance and reinsurance broker with a focus on self-insurance and captive insurance program management.
Cancellation Policy
A cancellation fee of $25.00 applies until November 8, 2024, after which no refunds will be provided. Substitutions will be allowed at no additional charge.
