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Registration is now closed. Replays of the sessions will be available in the next week. For more information, please contact events@moodys.com.

The ongoing convergence of the Accounting, Actuarial, Risk, and Economics functions are causing foundational shifts for insurance firms worldwide. At Moody’s Analytics Digital IMPACT senior insurance practitioners are invited to an in-depth exploration focused on both the now - and what lies ahead.  

Senior practitioners at insurance and reinsurance firms are invited to attend this inaugural full-day conference. Attendees will learn from experts and peers about the implementation and implications of regulations such as LDTI, IFRS 17, CECL, and IFRS 9. We will also examine relevant topics such as the impact of macroeconomic trends and climate change on the insurance industry.

Who Should Attend?

Senior Finance, Accounting, Actuarial, IT, Regulators, Controllers, Asset Managers at Insurance and Reinsurance Firms

**Note that the conference is open only to those at insurance and reinsurance firms.

<div class="section-body-module-b-2"> <div class="container-1200"> <p class="body-b---info"><strong>We know that an integral part of any conference are the opportunities to network, question, and learn from peers and experts. That's why at IMPACT we're giving attendees the time and resources to connect - virtually.&nbsp;</strong></p> <div class="body-b---flexbox"> <div class="body-b--col-feature"> <div class="body-b---icon"><img class="icon-8" src="https://assets-global.website-files.com/59faed4401b9500001e97e74/5cc2af626f9b3f75013791b1_think.png" alt="" /></div> <h4 class="body-b---col-title-2">MEET THE EXPERTS</h4> <p class="body-b---col-text">Moody&rsquo;s Analytics experts will be on-hand throughout the day to answer questions, learn about our solutions, and discuss the issues most important to you.</p> </div> <div class="body-b--col-feature"> <div class="body-b---icon"><img class="icon-8" src="https://assets-global.website-files.com/59faed4401b9500001e97e74/5cc2af626f9b3ff5993791ad_roundtable.png" alt="" /></div> <h4 class="body-b---col-title-2">BUILD CONNECTIONS</h4> <p class="body-b---col-text">Meet peers with common interests for online chats and video meetings. Our virtual platform can help you find old friends or build new relationships.</p> </div> <div class="body-b--col-feature"> <div class="body-b---icon"><img class="icon-8" src="https://assets-global.website-files.com/59faed4401b9500001e97e74/5cc2af626f9b3fb6c13791af_Chat.png" alt="" /></div> <h4 class="body-b---col-title-2">AXIS WORKSHOP</h4> <p class="body-b---col-text">A specialized session for AXIS users where we&rsquo;ll talk about the future of actuarial modeling. Learn how AXIS is evolving to better meet the challenges of evolving accounting, business, and economic environment changes.</p> </div> </div>

Agenda

12:00 PM ETAXIS and the Future of Actuarial Modeling (For AXIS Clients only)

Pervasive changes in valuation and capital frameworks are leading companies to review and transform their actuarial modeling processes. Moody’s Analytics experts will present their thoughts on the future of actuarial modeling, as well as demonstrate how upcoming enhancements to AXIS will support these changes.

Speakers:

  • Brad Crafton, Senior Director - Actuarial Services, Moody's Analytics (Moderator)
  • Cathy Brown, Director - Solution Specialist, Moody's Analytics
  • Trevor Howes, Director - Actuary, Moody's Analytics

1:00 PM ETWelcome and Opening Remarks

Speakers:

  • Mike Richitelli, Senior Director and Head of Sales for Insurance and Modeling Analytics - Americas, Moody's Analytics (MC)
  • Andy Frepp, Executive Director, Moody's Analytics

1:05 PM ETKeynote Presentation - The Economy, COVID-19, and a Changing World: The Insurance Industry Now and Looking Ahead

Speaker:

  • Mark Zandi, Chief Economist, Moody's Analytics

1:45 PM ETBreak

1:55 PM ETPanel Discussion: Implications of Climate Risk and ESG for Insurers

Insurers face growing pressure to monitor and measure the impact of climate and other ESG risks in their portfolios. At the same time, developing a systematic approach to ESG adoption is becoming increasingly complex and challenging.   In this session, we will:

  • Provide a brief background on sources of climate and ESG risks for Insurers
  • Discuss a framework for integrating climate and ESG factors into investment and risk analytics
  • Outline the Moody’s approach to climate and ESG risks.

Speakers:

  • Srini Iyer, Senior Director - Risk, Accounting, and Actuarial Solutions, Moody's Analytics (Moderator)
  • Nick Jessop, Senior Director - Insurance Research, Moody's Analytics
  • James Partridge, Director - Credit Risk Modelling, Moody's Analytics

2:30 PM ETPanel Discussion: The Rating Agency's Perspective on LDTI and IFRS 17

LDTI and IFRS 17, both likely effective in 2023, will significantly change the accounting for life insurance and annuity products and will increase earnings volatility relative to current standards. However, the changes will also improve the transparency of financial statements with enhanced disclosures, more current assumptions, and valuation that is better aligned with the economics of the business. Join three panelists from Moody's Investors Service who will provide the rating agency’s perspective on these changes.

Speakers:

  • Marc Pinto, Managing Director - Financial Institutions, Moody's Investors Service (Moderator)
  • Maria Mazilu, Vice President - Senior Accounting Analyst, Moody's Investors Service
  • Wallace Enman, Vice President - Senior Credit Officer/RPO, Moody's Investors Service
  • Michael Fruchter, Vice President - Senior Credit Officer, Moody's Investors Service

3:00 PM ETBreak

Breakout Sessions

3:15 PM ETBreakout A - Panel Discussion: Current State of IFRS 17 Implementation: Emerging Challenges and Best Practices

Hear from industry experts as they discuss challenges around IFRS 17 implementation and share best practices from their journeys. Our panel includes actuaries and accountants from companies at various stages of implementation, as well as across life and P&C insurers.

Speakers:

  • Anton Kobelev, Associate Director - Senior Customer Engagement Consultant , Moody's Analytics (Moderator)
  • Giulio Tullio, Lead - Corporate Finance Initiatives, Sun Life Financial
  • Yan Rong Cao, VP - Global Head of IFRS17 Actuarial System Implementation, Manulife
  • Craig Pinnock, Chief Financial Officer, Northbridge Financial Corporation

-------------------------------------------------------------------------------------------------------------------------------------------------

Breakout B - Panel Discussion: Practical Observations from Ongoing LDTI Implementation

Insurance companies are well down the LDTI implementation path, but many key decisions remain.  What can be learned from experience to this point?   How are companies making the most of a delayed effective date? In this session, actuarial and accounting experts will answer these questions and share their experience addressing the operational and technical challenges presented by LDTI.

Speakers

  • Brad Shepherd, Associate Director - Client Relationship Actuary, Moody's Analytics (Moderator)
  • Jeff Roth, Senior Manager and Actuary, Allstate
  • Chris Lutz, Vice President, Cincinnati Financial

-------------------------------------------------------------------------------------------------------------------------------------------------

Breakout C - Panel Discussion: Quantifying Credit Assessments and RBC/Capital Under COVID-19 and Potential Implications for Concentration Risk

Meet a panel of peers from industry-leading institutions to hear how they are navigating through this unprecedented environment. It’s been challenging to quantify the potentially profound impact of COVID-19 on economic activity and credit environment. COVID-19 has adversely affected certain industries more than others, and we have started to see the downstream impact of these industries such as deteriorated credit quality and defaults.

How are your peers assessing credit quality and RBC/capital? How are they accounting for government actions? What’s their view on potential concentration risk and the downstream impact of poorly performing industries like hotel, oil, etc. on their overall portfolio? What's worked from before and what hasn't?

Speakers:

  • Jin Oh, Director - Risk and Accounting Solutions, Moody's Analytics
  • Amnon Levy, Managing Director - Head of Portfolio and Balance Sheet Research, Moody's Analytics
  • Peter-Paul Hoogbruin, Senior Vice President, Voya Investment Management
  • Mark Davidson, Head of Investment Risk Management, Sentinel Investments

Meet the Experts Sessions

4:00 PM ETMeet the Experts: IFRS 17

Join Moody’s Analytics IFRS 17 experts for a discussion of challenges facing the insurance industry as companies implement the new accounting standard. Experts will be available to answer your questions around the regulation and solutions, including:

  • Aligning actuarial and accounting modeling and calculations
  • Data governance, lineage, and transparency
  • Implementing an end-to-end IFRS 17 solution

Speakers:

  • Anton Kobelev, Associate Director - Senior Customer Engagement Consultant, Moody's Analytics
  • Julien Maillard, Director - Team Lead Customer Engagements Services, Moody’s Analytics
  • Navi Gakhal, Associate Director - Senior Customer Engagement Consultant, Moody's Analytics
  • Eshan Gaffar, Associate Director - Senior Customer Engagement Consultant, Moody's Analytics
  • David Fihrer, Director and Actuary - IFRS 17 Subject Matter Expert, Moody's Analytics

-------------------------------------------------------------------------------------------------------------------------------------------------

Meet the Experts: LDTI

Join Moody’s Analytics LDTI experts for a discussion of challenges facing the insurance industry as insurance firms implement the new accounting standard.  Experts will be on-hand to discuss:

  • Historical data requirements
  • Roll forward disclosures
  • Assembling financial reports
  • Analyzing and understanding results

Speakers:

  • Brad Shepherd, Associate Director - Client Relationship Actuary, Moody's Analytics
  • Rich Downey, Director - Senior Lead Programmer & Actuary, Moody's Analytics
  • Dieter Van der Stock, Director - Product Management, Moody's Analytics
  • Matthew Nezwek, Associate Director - Actuarial Client Support, Moody's Analytics

-------------------------------------------------------------------------------------------------------------------------------------------------

Meet the Experts: AXIS and Actuarial Modeling

Join Moody's Analytics actuarial experts as they take on your questions about the AXIS actuarial system, and the future of actuarial modeling. Experts will provide

  • An update on the rollout of GlaaS (GridLink as a Service) which enables AXIS clients to easily unleash the power, convenience and control of Cloud based infrastructure on demand for intensive actuarial modeling
  • News about changes in how AXIS Maintained version streams will be offered to AXIS clients

Speakers:

  • Cathy Brown, Director - Solution Specialist, Moody's Analytics
  • Trevor Howes, Director - Actuary, Moody's Analytics
  • Brad Crafton, Senior Director - Actuarial Services, Moody's Analytics
  • Ivan Lau, Senior Director - Chief Actuary, Moody's Analytics

-------------------------------------------------------------------------------------------------------------------------------------------------

Meet the Experts: Portfolio Credit Analysis

Join Moody's Analytics risk management experts to discuss a quantitative approach to incorporate the impact of COVID-19 and government actions across over 100 sectors and countries to better assess the credit quality in the current environment.  

What are some challenges? What are some important key considerations?  Once we have the credit assessment under COVID-19, how do we leverage that for portfolio-based risk assessment including concentration analysis, limit setting, and optimization?

Speakers: 

  • Jin Oh, Director - Risk and Accounting Solutions, Moody's Analytics
  • Amnon Levy, Managing Director - Head of Portfolio and Balance Sheet Research, Moody's Analytics
  • Pierre Xu, Director - Research, Moody's Analytics
  • Peter-Paul Hoogbruin, Senior Vice President, Voya Investment Management
  • Mark Davidson, Head of Investment Risk Management, Sentinel Investments

-------------------------------------------------------------------------------------------------------------------------------------------------

Meet the Experts: Narrative Economic Scenarios as an Actuarial Risk Management Tool

Join experts from the Moody's Analytics economics and advisory teams as they talk about navigating the uncertain business environment brought on by COVID-19.  

This pandemic highlights the need for insurers to have a robust and integrated approach to scenario analysis. The key elements of this approach are scenarios that are forward-looking, leverage the latest economic data, models, and economists’ expert views, and consider the comprehensive set of risks facing the different lines of businesses.

Following Mark Zandi's presentation earlier, our experts discuss how such analyses can create the basis for a more robust and efficient internal risk management process.

Speakers:

  • Alasdair Johnston, Director - Advisory Services, Moody's Analytics
  • Sohini Chowdhury, Director - Risk and Accounting Solutions, Moody's Analytics
  • Mary Phelps, Associate Director, Moody's Analytics
Agenda

12:00 PM ETAXIS and the Future of Actuarial Modeling (For AXIS Clients only)

Pervasive changes in valuation and capital frameworks are leading companies to review and transform their actuarial modeling processes. Moody’s Analytics experts will present their thoughts on the future of actuarial modeling, as well as demonstrate how upcoming enhancements to AXIS will support these changes.

Speakers:

1:00 PM ETWelcome and Opening Remarks

Speakers:

1:05 PM ETKeynote Presentation - The Economy, COVID-19, and a Changing World: The Insurance Industry Now and Looking Ahead

Speaker:

1:45 PM ETBreak

1:55 PM ETPanel Discussion: Implications of Climate Risk and ESG for Insurers

Insurers face growing pressure to monitor and measure the impact of climate and other ESG risks in their portfolios. At the same time, developing a systematic approach to ESG adoption is becoming increasingly complex and challenging.   In this session, we will:

Speakers:

2:30 PM ETPanel Discussion: The Rating Agency's Perspective on LDTI and IFRS 17

LDTI and IFRS 17, both likely effective in 2023, will significantly change the accounting for life insurance and annuity products and will increase earnings volatility relative to current standards. However, the changes will also improve the transparency of financial statements with enhanced disclosures, more current assumptions, and valuation that is better aligned with the economics of the business. Join three panelists from Moody's Investors Service who will provide the rating agency’s perspective on these changes.

Speakers:

3:00 PM ETBreak

Breakout Sessions

3:15 PM ETBreakout A - Panel Discussion: Current State of IFRS 17 Implementation: Emerging Challenges and Best Practices

Hear from industry experts as they discuss challenges around IFRS 17 implementation and share best practices from their journeys. Our panel includes actuaries and accountants from companies at various stages of implementation, as well as across life and P&C insurers.

Speakers:

-------------------------------------------------------------------------------------------------------------------------------------------------

Breakout B - Panel Discussion: Practical Observations from Ongoing LDTI Implementation

Insurance companies are well down the LDTI implementation path, but many key decisions remain.  What can be learned from experience to this point?   How are companies making the most of a delayed effective date? In this session, actuarial and accounting experts will answer these questions and share their experience addressing the operational and technical challenges presented by LDTI.

Speakers

-------------------------------------------------------------------------------------------------------------------------------------------------

Breakout C - Panel Discussion: Quantifying Credit Assessments and RBC/Capital Under COVID-19 and Potential Implications for Concentration Risk

Meet a panel of peers from industry-leading institutions to hear how they are navigating through this unprecedented environment. It’s been challenging to quantify the potentially profound impact of COVID-19 on economic activity and credit environment. COVID-19 has adversely affected certain industries more than others, and we have started to see the downstream impact of these industries such as deteriorated credit quality and defaults.

How are your peers assessing credit quality and RBC/capital? How are they accounting for government actions? What’s their view on potential concentration risk and the downstream impact of poorly performing industries like hotel, oil, etc. on their overall portfolio? What's worked from before and what hasn't?

Speakers:

Meet the Experts Sessions

4:00 PM ETMeet the Experts: IFRS 17

Join Moody’s Analytics IFRS 17 experts for a discussion of challenges facing the insurance industry as companies implement the new accounting standard. Experts will be available to answer your questions around the regulation and solutions, including:

Speakers:

-------------------------------------------------------------------------------------------------------------------------------------------------

Meet the Experts: LDTI

Join Moody’s Analytics LDTI experts for a discussion of challenges facing the insurance industry as insurance firms implement the new accounting standard.  Experts will be on-hand to discuss:

Speakers:

-------------------------------------------------------------------------------------------------------------------------------------------------

Meet the Experts: AXIS and Actuarial Modeling

Join Moody's Analytics actuarial experts as they take on your questions about the AXIS actuarial system, and the future of actuarial modeling. Experts will provide

Speakers:

-------------------------------------------------------------------------------------------------------------------------------------------------

Meet the Experts: Portfolio Credit Analysis

Join Moody's Analytics risk management experts to discuss a quantitative approach to incorporate the impact of COVID-19 and government actions across over 100 sectors and countries to better assess the credit quality in the current environment.  

What are some challenges? What are some important key considerations?  Once we have the credit assessment under COVID-19, how do we leverage that for portfolio-based risk assessment including concentration analysis, limit setting, and optimization?

Speakers: 

-------------------------------------------------------------------------------------------------------------------------------------------------

Meet the Experts: Narrative Economic Scenarios as an Actuarial Risk Management Tool

Join experts from the Moody's Analytics economics and advisory teams as they talk about navigating the uncertain business environment brought on by COVID-19.  

This pandemic highlights the need for insurers to have a robust and integrated approach to scenario analysis. The key elements of this approach are scenarios that are forward-looking, leverage the latest economic data, models, and economists’ expert views, and consider the comprehensive set of risks facing the different lines of businesses.

Following Mark Zandi's presentation earlier, our experts discuss how such analyses can create the basis for a more robust and efficient internal risk management process.

Speakers:

<div class="section-body-module-b-2"> <div class="container-1200"> <p class="body-b---info"><strong>Attending Institutions</strong></p> <div class="body-b---flexbox"> <div class="body-b--col-feature"> <p class="body-b---col-title">Aetna Life Insurance<br />Aflac<br />Allstate<br />American Equity<br />Ameritas<br />Aon<br />Arch Capital Group<br />BMO Life Insurance<br />Brighthouse Financial<br />Chubb<br />Cigna<br />CMHC<br />Cincinnati Financial<br />Continental<br />Empire Life<br />Equitable</p> </div> <div class="body-b--col-feature"> <p class="body-b---col-title">FaithLife Financial<br />Farmers Insurance<br />Gen Re<br />Genworth Financial<br />Global Atlantic Financial<br />Guardian Life<br />HSBC<br />Liberty Mutual Group<br />LifeSecure<br />Manulife<br />Munich Re<br />Northbridge Financial<br />Office of Insurance Regulation<br />Ohio National<br />OneMain Financial</p> </div> <div class="body-b--col-feature"> <p class="body-b---col-title">Pacific Life Insurance<br />Progressive<br />Prudential Financial<br />RBC Insurance<br />RGA Reinsurance<br />Sagicor<br />Sentinel Investments<br />Securian Financial<br />StanCorp Financial Group<br />Standard Insurance<br />Sun Life Financial<br />TIAA<br />USAA<br />Vantis<br />Voya Financial<br />Zurich</p> </div>
Speakers

Keynote Speaker

Mark Zandi
Chief Economist

Moody's Analytics

Moody's Analytics

Chief Economist
Mark Zandi

Speakers

Cathy Brown
Director - Solution Specialist

Moody's Analytics

Moody's Analytics

Director - Solution Specialist
Cathy Brown
Yan Rong Cao
VP, Global Head of IFRS17 Actuarial System Implementation

Manulife

Guest Speaker

Guest Speaker

Manulife

VP, Global Head of IFRS17 Actuarial System Implementation
Yan Rong Cao
Sohini Chowdhury
Director – Risk and Accounting Solutions

Moody's Analytics

Moody's Analytics

Director – Risk and Accounting Solutions
Sohini Chowdhury
Brad Crafton
Senior Director - Actuarial Services

Moody's Analytics

Moody's Analytics

Senior Director - Actuarial Services
Brad Crafton
Mark Davidson
Head of Investment Risk Management

Sentinel Investments

Guest Speaker

Guest Speaker

Sentinel Investments

Head of Investment Risk Management
Mark Davidson
Rich Downey
Director - Senior Lead Programmer & Actuary

Moody's Analytics

Moody's Analytics

Director - Senior Lead Programmer & Actuary
Rich Downey
Wallace Enman
Vice President - Senior Credit Officer/RPO

Moody's Investors Service

Moody's Investors Service

Vice President - Senior Credit Officer/RPO
Wallace Enman
David Fihrer
Director and Actuary – IFRS 17 Subject Matter Expert

Moody's Analytics

Moody's Analytics

Director and Actuary – IFRS 17 Subject Matter Expert
David Fihrer
Michael Fruchter
Vice President - Senior Credit Officer
Financial Institutions Group

Moody's Investors Service

Moody's Investors Service

Financial Institutions Group
Vice President - Senior Credit Officer
Michael Fruchter
Andy Frepp
Executive Director

Moody's Analytics

Moody's Analytics

Executive Director
Andy Frepp
Navi Gakhal
Associate Director - Senior Customer Engagement Consultant

Moody's Analytics

Moody's Analytics

Associate Director - Senior Customer Engagement Consultant
Navi Gakhal
Peter-Paul Hoogbruin
Senior Vice President

Voya Investment Management

Guest Speaker

Guest Speaker

Voya Investment Management

Senior Vice President
Peter-Paul Hoogbruin
Trevor Howes
Director - Actuary

Moody's Analytics

Moody's Analytics

Director - Actuary
Trevor Howes
Srini Iyer
Senior Director - Risk and Accounting Solutions

Moody's Analytics

Moody's Analytics

Senior Director - Risk and Accounting Solutions
Srini Iyer
Nick Jessop
Senior Director - Insurance Research

Moody's Analytics

Moody's Analytics

Senior Director - Insurance Research
Nick Jessop
Alasdair Johnston
Director - Advisory Services

Moody's Analytics

Moody's Analytics

Director - Advisory Services
Alasdair Johnston
Anton Kobelev
Associate Director – Senior Customer Engagement Consultant

Moody's Analytics

Moody's Analytics

Associate Director – Senior Customer Engagement Consultant
Anton Kobelev
Dr. Amnon Levy
Managing Director
Head of Portfolio and Balance Sheet Research

Moody's Analytics

Moody's Analytics

Head of Portfolio and Balance Sheet Research
Managing Director
Dr. Amnon Levy
Chris Lutz
Vice President

Cincinnati Financial

Guest Speaker

Guest Speaker

Cincinnati Financial

Vice President
Chris Lutz
Maria Mazilu
Vice President - Senior Accounting Analyst

Moody's Investors Service

Moody's Investors Service

Vice President - Senior Accounting Analyst
Maria Mazilu
Matt Nezwek
Associate Director - Actuarial Client Support

Moody's Analytics

Moody's Analytics

Associate Director - Actuarial Client Support
Matt Nezwek
Jin Oh
Director - Risk and Accounting Solutions

Moody's Analytics

Moody's Analytics

Director - Risk and Accounting Solutions
Jin Oh
James Partridge
Director - Credit Risk Modelling

Moody's Analytics

Moody's Analytics

Director - Credit Risk Modelling
James Partridge
Mary Phelps
Associate Director

Moody's Analytics

Moody's Analytics

Associate Director
Mary Phelps
Craig Pinnock
Chief Financial Officer

Northbridge Financial Corporation

Guest Speaker

Guest Speaker

Northbridge Financial Corporation

Chief Financial Officer
Craig Pinnock
Marc R. Pinto, CFA
Managing Director - Americas Insurance, Global Funds & Asset Management

Moody's Investors Service

Moody's Investors Service

Managing Director - Americas Insurance, Global Funds & Asset Management
Marc R. Pinto, CFA
Mike Richitelli
Senior Director

Moody's Analytics

Moody's Analytics

Senior Director
Mike Richitelli
Jeff Roth
Senior Manager and Actuary

Allstate

Guest Speaker

Guest Speaker

Allstate

Senior Manager and Actuary
Jeff Roth
Brad Shepherd
Associate Director – Client Relationship Actuary

Moody's Analytics

Moody's Analytics

Associate Director – Client Relationship Actuary
Brad Shepherd
Giulio Tullio
Lead - Corporate Finance Initiatives

Sun Life Financial

Guest Speaker

Guest Speaker

Sun Life Financial

Lead - Corporate Finance Initiatives
Giulio Tullio
Dieter Van der Stock
Director - Product Management

Moody's Analytics

Moody's Analytics

Director - Product Management
Dieter Van der Stock
Pierre Xu
Director - Research

Moody's Analytics

Moody's Analytics

Moody's Analytics

Moody's Analytics

Director - Research
Pierre Xu