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ISCPA Insurance Industry Conference June 26, 2014 | Des Moines Marriott Downtown

The Full


2014 INSURANCE INDUSTRY CONFERENCE 7:15–8 a.m. Registration and Networking Continental Breakfast 8-8:05 a.m. Welcome Chris Yuska, CPA Chair, ISCPA Insurance Industry Committee 8:05–8:45 a.m. Around the Globe in Less than an Hour Robin Anderson Principal Global Investors This session will provide an update on the global economy and where it may be headed, focusing on the four main drivers of global growth–China, Europe, Japan and the United States. Learn how this outlook translates into investment themes for insurers and specifically what it means for interest rates.

8:45–9:15 a.m. Iowa Insurance Division Update Nick Gerhart, J.D. Iowa Insurance Division This session will cover current issues in the industry from the perspective of Iowa’s insurance commissioner.

9:15–9:25 a.m. Break 9:25–10:30 a.m. Breakout Sessions–Select One Current Tax Developments Brianne Schoonover, CPA Mark Witte, CPA, CLU, ChFc, FLMI Ernst & Young LLP This session will cover recent tax developments and their impact on the insurance industry.

Insurance Contracts Phil Smayda, CPA PricewaterhouseCoopers LLC Learn the latest developments from FASB and IASB regarding insurance contract standards including targeted changes of the FASB. Topics to be discussed include modeling approaches, financial statement presentation, disclosure requirements and potential impacts on a company’s financial reporting process.

Own Risk and Solvency Assessment (ORSA)–Path to Success Margaret Spencer, CRMA, CPCU, CLU, RHU, CPA, CIA, CFE, CIE, MCM Risk & Regulatory Consulting LLC This session will provide an update on recent ORSA developments including regulatory expectations resulting from the NAIC’s conduct of pilot projects, what’s been learned so far, implementation challenges, stress test and modeling considerations, and recently developed NAIC financial examination and financial analyst guidance. Topics will also include an overview of the requirements, such as an enterprise risk management process and the benefits and potential uses of ORSA.

10:30–10:40 a.m. Break 10:40–11:45 a.m. Breakout Sessions–Select One Health Care Reform Update–Issues, Updates and Implementation Mark J. Becker, GBDS, HIA, CBC Kari Farrell Kolb, J.D., MBA Mark J Becker & Associates LLC Hear an executive level update on current issues surrounding the implementation and evolution of the Affordable Care Act.

Insurance Company Mergers and Acquisitions John Marra, CPA PricewaterhouseCoopers LLC This state of the industry update on insurance company mergers and acquisitions will cover industry trends, market participants, pre and post-acquisition considerations, common deal issues and the role of due diligence. Tax, actuarial and human resources issues will also be discussed.

U.S. GAAP/IFRS Update Kyle Ten Pas, CPA Alan Kuska, CPA KPMG LLP This session will provide an update on recent developments in U.S. GAAP, SEC reporting matters and international financial reporting standards that could affect the insurance industry. Topics to be discussed include any

new accounting standards issued as well as exposure drafts coming down the pipeline.

11:45 a.m.–12:30 p.m. Lunch 12:30–1:30 p.m. Leadership 2014 Jeremy Wortman, Ph.D. This session will provide accounting professionals with a current perspective regarding leadership and the practices that drive individual and organizational performance. Participants will learn about their personality type in order to be more aware of their natural talents and motivating needs. This level of self-awareness provides a solid foundation to lead others in an authentic manner that influences themselves and others to greater performance levels. Hear about current evidence-based best practices that separate great leaders from average leaders.

1:30–1:35 p.m. Break 1:35–2:40 p.m. Breakout Sessions–Select One NAIC Focus Connie Jasper Woodroof, FLMI StoneRiver The NAIC has been busy this year. This discussion will take a brief look at selected 2014 reporting and accounting changes. Discover how the risk-based capital formulas are changing now and in the future. Learn what other issues will be addressed this year. Gain the knowledge you need to provide your company the lead time needed to be well prepared.

Customer Trends in Insurance James Olson, MBA KPMG LLP As customers demand more from their insurers, there are emerging trends that are influencing the way insurers need to become more customer centric. Adapting to these customer trends can be a significant competitive advantage for insurance organizations. In this session learn how these trends are impacting the way insurers do business and how they acquire, service and retain customers.

2014 INSURANCE INDUSTRY CONFERENCE Ethics 2014 Update Jeremy Wortman, Ph.D. Using a personality instrument, participants will learn about their motivational needs and how they are wired to make decisions. This personal information is then applied to the ethical decision-making model for self-improvement purposes. If you register for this session, watch for the personality assessment in your email.

2:40-2:50 p.m. Break

John Matovina, CPA American Equity Investment Life Holding Company

New for 2014!

Jim Wallace, CPA, FSA GuideOne Insurance Hear from Iowa insurance industry leaders as they discuss their company and what is top of mind in the industry today. Explore topics of specific interest by submitting your questions for the panel on your conference registration form or by emailing

4:00 p.m. Adjourn

2:40-4:00 p.m. Executive Viewpoints Panel Moderator–Dave Christians, CPA Ernst & Young LLP Graham Cook, FLMI Homesteaders Life Company

Download your materials before you arrive at the conference! NEW this year–conference materials will be distributed electronically three days prior to the conference and may be printed or downloaded to a laptop, tablet or e-reader. Printed materials will not be available at the conference. Watch your email for download instructions.

About this conference… Registration Fees: $220 Member Discounted Fee* $270 Nonmember Discounted Fee* *(If postmarked by June 12, 2014) $250 Member Standard Fee $300 Nonmember Standard Fee Registration fee includes electronic conference materials, continental breakfast, breaks and lunch. A confirmation will be issued upon receipt of your paid registration. Conference materials will be available to download three days prior to the conference. Printed materials will not be available at the conference. Hotel accommodations and other meals are not included.

Registration and Continental Breakfast: 7:15 – 8 a.m.

Program: 8 a.m. – 4:00 p.m.

Recommended CPE Credit: 8 hours Conference Location: Des Moines Marriott Downtown, 700 Grand Avenue, Des Moines, IA 50309. For overnight accommodations call 1-800-514-4681 by June 4, 2014, to receive the group rate of $119. Mention that you are attending the Iowa Society of CPAs conference.

ISCPA appreciates the work of the 2013-2014 Insurance Industry Committee Committee Chair: Chris Yuska, Ernst & Young LLP

Chris Cooper, PwC LLP

Derek Johansen, Transamerica

Jilliane Erlbacher, Athene USA

John Koons, Principal Financial Group

Board Representative: Kyle Ten Pas, KPMG LLP

Aaron Frazier, Wells Fargo Bank

Aaron Sage, KPMG LLP

Jody Galloway, Homesteaders Life Co.

Jerry Woods

Jon Harris, BKD LLP

ou! y k n Tha

CONFERENCE SPEAKERS Robin Anderson is an economist at Principal Global Investors in Des Moines. She works with the economic committee and Principal’s Chief Global Economist Bob Baur, on weekly commentaries and macroeconomic strategy. Robin also works with Multi-Asset Advisors, an investment boutique within Principal Global Investors.

Alan Kuska is a director in KPMG’s account-

Margaret Spencer is a partner in Risk &

ing advisory practice in Chicago. He has over 15 years of experience providing audit and advisory services to diversified financial services companies. Since 2011, Alan has provided technical accounting advice in the areas of financial instruments, consolidation and leasing under U.S. GAAP and IFRS.

Regulatory Consulting LLC (RRC), a strategic partner of McGladrey LLP, located in Ponte Vedra Beach, Fla. She has 37 years of experience providing financial, operational and compliance consulting services, and performing internal audit services for a broad range of insurance entities.

Mark Becker is president of Mark J. Becker & Associates LLC in Des Moines. His background is in underwriting and brokering. Mark advises the firm’s clients in the management and purchase of employee benefits. He frequently provides training on the purchase and management of group benefit plans.

John Marra is a partner in the New York metro transaction services of PricewaterhouseCoopers LLC. John’s focus includes advising financial and strategic buyers on mergers and acquisitions. He is experienced in all facets of mergers and acquisitions, beginning with transaction origination through post acquisition integration.

Kyle Ten Pas is an audit partner special-

John Matovina is CEO and president of American Equity Investment Life Holding Company in West Des Moines. Prior to being appointed to his current position in June 2012, he was the company’s CFO and treasurer. John has over 30 years of experience in the accounting and life insurance industries.

and CEO of GuideOne Insurance in West Des Moines. Community involvement has been an important part of Jim’s career. He currently is second chair, Property Casualty Insurers of America and serves on numerous other boards and committees. Prior to joining GuideOne, he served as president and CEO of National Travelers Life.

James Olson is a director in KPMG LLP’s

Mark Witte is an executive director of

customer strategy and growth practice within management consulting in New York. He has over 20 years of consulting and operations experience and is responsible for customer centricity services. Serving multinational clients across multiple industries, James specializes in designing, planning and implementing strategic customer experience solutions.

insurance tax services with Ernst & Young LLP in Des Moines. He provides services to insurance clients in the areas of compliance, tax planning strategies, product taxation issues, mergers and acquisitions, information reporting concerns and representation before the IRS.

Dave Christens is the managing partner at Ernst & Young LLP in Des Moines. He specializes in assurance services for asset management, insurance and other financial service organizations. Dave recently returned to Des Moines after five years in the firm’s Philadelphia and Chicago offices where he served a variety of large financial services clients and in multiple leadership roles. Graham Cook is chair of Homesteaders Life Company in West Des Moines. He joined Homesteaders in 1966, working parttime while attending Drake University. After graduation Graham became a full-time employee. He was elected president in 1995 and chair in 1999. Graham retired as president and CEO in 2014.

Nick Gerhart was appointed insurance commissioner of the state of Iowa beginning Feb. 1, 2013. Nick serves on the NAIC Life and Annuity (A) and the Financial Condition (E) Committee. Prior to being appointed insurance commissioner, Nick worked for Sammons Financial Group as vice president of compliance and regulatory affairs.

Keri Farrell-Kolb is director of compliance for Mark J. Becker & Associates, LLC in Des Moines. Keri’s practice includes state and federal law including the Internal Revenue Code, ERISA, HIPAA, COBRA and health care reform. Since health care reform was passed, Keri has devoted much of her time educating and advising employers on the rules and regulations affecting benefits offered to employees.

Brianne Schoonover is a tax senior manager with Ernst & Young LLP in Des Moines. She focuses primarily on the firm’s midwest area insurance clients. Brianne has 12 years of experience related to planning, provision, and compliance for property/ casualty and life insurance companies, as well as with consolidated returns including life-nonlife operations.


Smayda is a partner in PricewaterhouseCoopers’ transaction services (capital markets and accounting advisory) practice based in Chicago. He has over 14 years of experience in the insurance and broader financial services industry. Phil specializes in complex accounting and financial reporting matters in the financial services industry.

izing in the insurance industry at KPMG LLP in Des Moines. He serves public and nonpublic life, property and casualty insurance, and health companies. He also manages general agencies and third party administrators. Kyle’s experience is in U.S. GAAP, IFRS and statutory accounting.

Jim Wallace is the chairman, president

Connie Jasper Woodroof is the NAIC liaison for StoneRiver in DeSoto, Kan. She is active on several industry interested parties groups for NAIC issues, serving as co-chair of the Blanks interested party group. Connie began her career in the insurance industry in 1984 completing statutory filings for both life and property/casualty companies. She was also with the NAIC for nine years.

Jeremy Wortman works in the field of organizational psychology. He is the managing director of talent management and organizational development for GPAC. Prior to his current position, Jeremy served as the director of organizational development for TD Ameritrade where he was responsible for strategic planning and implementation of enterprise-wide talent management solutions.

2014 INSURANCE INDUSTRY CONFERENCE Registration Form Please use photocopies of this form for additional registrations. Please print or type. Concurrent Session Selection (Please select one topic for each time period):

9:25 – 10:30 a.m.  A. Current Tax Developments  B. Insurance Contracts  C. Own Risk and Solvency Assessment (ORSA)–Path to Success

10:40 – 11:45 a.m.  D. Health Care Reform Update–Issues, Updates and Implementation  E. Insurance Company Mergers and Acquisitions  F. U.S. GAAP/IFRS Update

1:35 – 2:40 p.m.  G. NAIC Focus  H. Customer Trends in Insurance  I. Ethics 2014 Update

Submit your questions for the Executive Viewpoints Panel or email to prior to the conference. _________________________________________________________________________________________________ _________________________________________________________________________________________________ _________________________________________________________________________________________________

Name ____________________________________________________________________________ Email address _____________________________________________________________________ Firm/Company ____________________________________________________________________ Address ______________________________ City/State/Zip _______________________________ Continuing Professional Education 2014 Fill out the form completely. All registrations must be accompanied by the total payment. Please make checks payable and return to: ISCPA 950 Office Park Rd Ste 300 West Des Moines, IA 50265-2548

Phone (______) __________________________

Fax (______) ____________________________

Please indicate how you wish to receive your confirmation:  Mail Email IIC Course Acronym __________

June 26, 2014 Course Fee _________________ Course Date _____________

 Member (ISCPA Individual Member/Other State Society – Indicate State) ___________________  Nonmember Method of Payment:  Check Enclosed  MasterCard  Visa  Amex  Discover Credit/Debit Card # _________________________________________ Exp. Date ____________ Cardholder’s Name ___________________________________  Business card  Personal card Special Services:  Check here if you require special services, including dietary restrictions.

For questions: Phone 515-223-8161 In Iowa 800-659-6375 FAX 515-223-7347 Email: Website:

Cancellation, Refund and Transfer Policy: There will be no refunds for cancellations within seven calendar days of the conference. Participants will be allowed to transfer to another course in lieu of forfeiture but will not be entitled to a refund for cancellation of the substituted course. Transfers received three business days or less prior to conference may be subject to a fee. Cancellations/transfers will not be accepted the day of the conference.

2014 ISCPA Insurance Conference Brochure  

2014 ISCPA Insurance Conference Brochure

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