2009 Forum: "Change: The Only Constant"
The Insurance Executive Forum will offer you and your colleagues the opportunity to hear the perspectives of a diverse and distinguished panel of industry executives as they discuss these issues and other questions.
The theme of change that pervaded the November 2008 elections has continued into 2009. The effects of change impact the insurance industry over a broad range of areas, including capital, changing workforce dynamics, changing regulatory requirements, market conditions, talent, and intellectual capital. In mid-October our panel of insurance industry executives discussed the major industry issues of the day that are being driven by change and provided their thoughts on the impact of changes that are being faced within the industry. Some of the issues to be addressed will included:
How does the industry address the impact of the financial crisis and economic slowdown, which has been identified as the number one issue in the insurance industry and in the minds of risk managers?
How will the consequences of these economic events and their aftermath shape the industry going forward and how does the industry survive and thrive in these difficult times?
How is the current political environment impacting the insurance industry? While regulatory reform is fairly certain, what other changes are expected?
What will be the impact of proposed regulatory reforms expected in the next few months? Is the industry prepared for reform?
Has the perception of enterprise risk management been changed by the financial crisis and what will be the impact on future initiatives? Putting aside questions arising from perceived failure or flaws in the framework, have ERM initiatives been stalled by the economic slowdown?
Where are we in the current industry cycle and what impact are economic conditions having on the cycle? Are there any long-term consequences for the market?
What are the implications of a pandemic arising from “swine flu” for the insurance industry? How prepared is the industry for a pandemic, both for internal operations and to support its clients?
How does the insurance industry recruit and retain the “best and brightest” to assure that the talent to move the industry forward is available? How do changes in retirement plans of the Baby Boomers and the reductions in workforces due to the economic downturn impact the level of talent and intellectual capital in the industry and the workforce dynamics?
How do insurers and brokers assist their clients in identifying and managing the risks to their businesses that arise from continued progression of globalization?
How will the increased focus on climate change and “green” affect the industry and is the industry effectively addressing these issues?
As technology continues to grow and reshape how products and services are delivered, what are the implications for the insurance industry? What steps should the industry take advantage of regarding technological solutions to increase efficiencies without negatively impacting customer relations, stifling innovation, or depleting the intellectual capital within the industry?
What impacts are expected from emerging technologies, and is the industry prepared to deal with the new risks that arise from them?
This forum has a history of offering thought provoking dialogue with an ample opportunity for your questions – including the chance to submit a question for the panel with your registration form. We hope you will join us for next year's forum.
Millie Workman–Director of Training and Education for International Risk Management Institute, Inc.
For more information call (309) 438-3021 or (800) 697-8692, or e-mail
