2016 Speakers Presentations
Monday, June 13, 2016
Specialty Session: A-1 – Intro to Captives, Case Study and the Bermuda Domicile
Basic introduction to captives, benefits, Bermuda history & statistics
Specialty Session: A-2 – Electronic – Statutory Financial Return (E-SFR)
Bermuda Regulatory Session
Specialty Session: A-3 – Introduction to Captive Investments
Strategic Asset Allocation & Fixed Income – still valid in today’s world for captive portfolios?
Specialty Session: A-4 – Technical Briefs IFRS, GAAP, Solvency II, etc.
This session will examine changes to technical matters associated with captives.
Insurance & Reinsurance Review
Facts Bermuda Insurers & Reinsurers
Tuesday, June 14, 2016
Global Market Outlook
Economists share opinions on global financial and economic outlook – HSBC and Barclays
ILS and Reinsurance – Innovation For Captives
This fast paced session will discuss ILS and its growing relevance to Captives, as well as other non-traditional reinsurance capabilities. This session will include an ILS market update, regulatory overview including Solvency II, introduction to catastrophe bonds and two corporate catastrophe bond case studies, operational risks, reserve-based reinsurance and transformer solutions.
Not Just A Bolt-On: Employee Benefits
Leading experts from the global captive Employee Benefit Industry will provide an overview of the current state of play of Employee Benefits in Captives and the growing use of captives to monitor and influence the cost of global healthcare cost. We will hear from both insurance industry and a captive owner on the current trend in using captives to modify behaviors in the use of medical plans, encouraging wellness programs for employees with the intention of improving employee health and reducing long term employer medical costs. How to beat the global medical inflation upward trend.
How Can Captives Help In The Mining and Energy Sectors?
This session will offer attendees an overview of the macro-economic influences facing the Mining & Energy Sectors from which Panel Members will offer insight around the opportunities & benefits through present & increasing Captive utilization. A discussion based panel, this session will also provide open dialogue amongst a variety of Captive experts exploring ways in which captives are used to manage insurance programs; efficiently control risk; minimize catastrophe exposures and; source new & innovative insurance solutions to meet the evolving needs of organizations in these industries.
Understanding Medical Risk and Opportunity In Sea of Change
Medical risks continue to increase each year and create a challenge for captives to address ongoing risks while determining the optimal mitigation strategies. Different risk approaches or using new products/coverages (medical stop loss, cyber, physician policies) should be continually reviewed and considered but should not be introduced without doing appropriate due diligence. This session will address some of the risks with Affordable Care Act, ACO’s, mergers and acquisitions, cyber risks, medical stop loss and social media/internet of things and potential opportunities to mitigate with the use of a captive.
Bermuda Shorts Session
Five Ways To Reduce Your Letter of Credit Costs
Wednesday, June 15, 2016
Insuring Canadian Risks – Understanding the Opportunity
This panel will offer an inside perspective from captive owners and industry advisors on how and why Canadian businesses should set up a Bermuda captive for Canadian risk. The panel will also explore the impact of recent changes in the Canadian market, including plummeting oil prices, political change, cyber risks and increased scrutiny of offshore structures. It will offer insight into what this changing landscape means for Canadian businesses who have or are looking to form Bermuda captives and how best to navigate these challenges.
Finding Investment Opportunities – Risk and Return
Join a panel of Investment industry veterans for a session on Investment Opportunities for Captives. The panel will discuss the long-term view of the investment landscape and strategies for a Captive to grow its assets conservatively, but it will discuss constructing a risk management framework and the governance necessary to make good decisions.
US Tax Updates and Developments
This session will review the latest tax developments affecting captive insurance companies, including: IRS position on various lines of business they may challenge as insurance, where the law seems to be headed regarding Rent-a-Center, Securitas and Rev. Rul. 2005-40 (which looks through certain entities), and what the IRS is arguing about IRC § 831(b) entities and some structuring ideas relating to such entities.
A Captive’s Guide to the AM Best Rating Process Featuring a Tutorial on BCAR
The session will be an overview of the rating process and will include a captive owner who will share their rating process experience; why they chose to be rated and how the rating has worked for them. The last part of the session will feature a working tutorial of BCAR.
Captives Don’t Get Old – They Adapt
Is your captive atrophying? Come and listen to an open conversation on ever evolving captives; how they are adapting to regulatory changes and challenges, emerging risks, fluctuating market conditions, changing ownership and the constantly changing pressures on capital. The eminent panel will discuss current market evolutionary trends and where captives will go in the future.
How Can Your Captive Help Manage Cyber Risks?
This session will examine market developments and the current status of cyber risk insurance for captive and commercial customers in the Bermuda and international insurance markets. The panel will discuss the challenges faced by organizations who both insure and/or are insured for cyber risk; the cyber coverage that is available and the policy limits that are being offered; the pricing of first and third party coverages; and the impact of the regulatory landscape. The panel will also debate the current level of cyber risk and insurance protection purchased by captives, provide a forward looking perspective of cyber risks and the expected development of insurance products to meet the future expected demands for cyber insurance from captive insurance buyers.
The Fastest-Growing Captive Market: LATAM Captives
Measuring Captive Performance – Balance Scorecards and Own Risk Assessment
The Panel will review the current methods and thinking on analyzing and monitoring the performance of captive insurers. The session will focus on the uses and benefits of balance scorecards, own risk assessment which will include BMA’s E-SFR filing new regulatory reporting requirements.