RIMS 2009 Sessions Guide - (Page 22) Get Smart—Breaking Down the Actuary Secret Code (FIN101) Monday, 3:30 pm - 5:00 pm Does the sight of a hundred-page actuarial report raise your blood pressure? Do you wonder where to start and where to find the bottom line? Effectively using actuarial reports is especially important in today’s compliance-driven environment. Understand the fundamental insights provided in an actuarial report. Learn how to break down the key components to determine the bottom line and understand the logic used to derive the numbers. Discover how you can impact the current analysis and get credit for your initiatives, through an interactive discussion between a risk manager, a consultant and an actuary, as they build a more productive partnership. Russell Greig, CFA, FCAS, MAAA Actuary Towers Perrin Brady G. Gurgel, CRM Manager, Risk Management TECO Energy, Inc. Marcia Linton, ARM, CRM Vice President, Analytics Practice Leader Wachovia Insurance Services Risk Financing 1-2-3 (FIN100) Monday, 1:45 pm - 3:15 pm Are you confused by terms such as IBNR, loss development, net present value and discovery and payout patterns? Do you have trouble talking to your CFO about the financial aspects of your insurance program? Take a walk with us through the basic steps of risk financing. Learn about tools such as loss triangulation, loss analyses and net present value cash flow comparisons. Using case studies, develop the skills to effectively communicate about risk financing, and understand how to use these techniques to improve your insurance program. Don’t forget to bring your calculator! Joyce E. Armstrong, CPCU Director, Risk Management The Scotts Company and Subsidiaries Barbara Benson Grinnell Vice President, Risk Solutions Willis HRH of Illinois, Inc. Scott J. Silitsky Risk Manager ThyssenKrupp Elevator Company Have You Tried Reducing Your Letter of Credit? (FIN300) Tuesday, 10:45 am - 12:15 pm Be the hero of senior management in this current credit crisis when you reduce or get back your company’s letter of credit (LOC). Learn expert methods of evaluating remaining liabilities, determining the impact of a self-insured retention versus deductible on the LOC amount, using forecasted claims payment credits to reduce the LOC, examining loss experience to clarify LOC amounts and negotiating with insurers. Discover alternatives to LOCs, such as insurance infill policies, bonds, trust accounts and incurred loss retros. Melissa Olsen Leuck, ARM Risk Manager Takeda Pharmaceuticals Ruth R. Tave, ARM, CPCU Principal Tave Risk Management Risk Management Accounting 101 (FIN102) Tuesday, 10:45 am - 12:15 pm Do you want to speak the language of your company’s decision makers? Do you understand your financial role within the organization? If you are a new risk professional without a financial background, learn how the decisions you make affect the bottom line of the organization. Pick up basic accounting principles and terminology and know-how to develop risk management financial information, such as department budgets, cost allocations, total cost of risk profiles and financial reports you can hand to your CFO. Jo Harris, CRM, ARM Vice President, Risk Management Dean Foods Company Guy Ragosta Chief Executive Officer and Partner Towner Management Group Paul W. Smith Manager Ernst & Young LLP FINANCE 22 RIMS 2009 Annual Conference & Exhibition, April 19-23
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