Over 500 P&C professionals are expected to register for Advisen’s 5th Annual Casualty Conference in New York on Thurs Mar 26. AIG’s Peter Hancock will give the opening keynote. Risk Managers and Insurance Buyers attend free of charge. Allied World’s Joe Cellura & Lockton’s Tim DeSett are Co-Chairs of this one-day, two-track program. Our 8 Sponsors include Aspen, Marsh, Old Republic Risk Management, Ironshore, Allied World, Safety National, Praedicat, & Ventiv Technology
Thursday, March 26, 2015 from 8am-5pm followed by a reception
Crowne Plaza Times Square Manhattan in New York
Learn more about 2015 Casualty Conference in New York / Thursday March 26
Rates will increase after the first 250 people register
9am – 9:05am / Opening Remarks
9:05am – 9:15am / Co-Chairman Remarks
9:15-9:30am / Advisen & Aspen Casualty Market Research Survey Findings
9:30am – 10:00am / Opening Keynote
10:00am – 10:15am / Casualty Market Metrics
Advisen’s assessment of the casualty insurance market, including current size, growth rate, and premium potential will be presented.
10:15am – 11:00am / The Risk Manager’s Perspective
A panel of risk managers will share their experiences of buying casualty insurance. We delve into the decision-making process and ask what shapes the buying decision – positive or negative – and how much capacity really exists.
11:00am – 11:15am / Morning Break
11:15am – 11:45am / Drones: The Risk from Above
They are everywhere and see everything… This speaker will discuss the commercial uses of drones, beyond package delivery and monitoring of large campuses or sites. The panel will address what exposures are triggered by those applications and how the insurance industry could respond.
11:45am – 12:30pm / Technology’s Casualty Drivers
This panel will outline how the Internet of Things is increasingly pervading society, and with it, casualty exposures. A lot of potential losses from faulty or compromised technology (e.g. hackers sabotaging medical devices or accidents involving autonomous vehicles) may fall under liability policies. The panel will also touch on product liability exposures for increasingly complex technology components in all manner of products.
12:30pm-1:30pm / Conference Luncheon
1:30pm – 2:15pm / Excess and Surplus Lines
2:15pm-3:00pm / M&A Due Diligence
As the economy recovers, merger and acquisition activity picks up. However, a corporate transaction is a major upheaval for both parties and can throw up some unexpected consequences. As an underwriter, how do you ensure that due diligence is satisfactory? That no nasty surprises are lurking? What additional exposures do you need to be aware of at this time?
3:00pm-3:15pm / Afternoon Break
3:15pm – 3:45pm / Regulatory Hotspots
Healthcare reform, trucking/commercial auto, umbrella compliance (globally), foreign/non-admitted (NRRA) updates. Our speaker will highlight some of the key regulatory topics that a casualty audience needs to know
3:45pm – 4:30pm / Cyber Insurance and Casualty
As cyber threats continue to pervade the commercial world, there is increasing overlap between cover offered under standalone cyber policies and general liability. Did the Sony decision effectively close the door on cyber coverage through a CGL policy, or are there still avenues to find coverage? What about other liability policies? This panel will look at the clash of the two covers and explore incidents where casualty insurers are contractually offering cyber cover under GL policies as well as other types of casualty policies.
4:30pm – 5:00pm / Afternoon Keynote
5:00pm – 6:15pm / Closing Remarks & Reception
Breakout Workshops
11:15am – 12:30pm / Coverage Matters
With a focus on general liability, excess liability, this extended workshop will dive into specific coverage issues, with a mixture of panel session and individual speakers. Taking examples from real claims, speakers will discuss coverage design developments and highlight some inadequacies (including the named insured construction). It will address customer budgeting constraints and ask how money-saving decisions can have a longer-term impact on cover when a claim hits. This session will also identify trends defining products liability.
1:30pm – 3:00pm / Workers’ Compensation
Back to profitability? Workers’ Compensation (WC) is a key casualty product and a bellwether for economic health. This workshop session will combine individual speakers and panel sessions to get under the skin of the key developments in WC in the past year. What are the developing trends in workplace accident frequency? How has inflation paid a part in claims? Is Big Data transforming underwriting and claims management for WC? Will healthcare reform have an impact on WC profitability? Is the line of business profitable – if so, what implications does that have for buyers? Are there regional or industry hotspots for claims?
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