8:00 AM – 9:00 AM Registration & Continental Breakfast

8:55 AM Welcome
Karen Mashinski, Vice President Millers Mutual Group
PAMIC Financial Management Committee Chair

9:00 AM – 9:50 AM
Update on Statutory Accounting and Other Regulatory Topics
Steve Johnson, Deputy Commissioner, PA Insurance Department & David DelBiondo, Director, Bureau of Financial Examinations
Mr. Johnson will discuss Pennsylvania Insurance Department financial reporting regulations.

10:10 AM – 11:00 AM
Enterprise Risk Management and The Risk Focused Financial Examination
Elaine Nissley, Principal, McKonly & Asbury, LLP
This presentation will draw parallels between the NAIC Risk Focused Financial Examination (NRFFE) process and COSO Enterprise Risk Management (ERM). It will provide a high level comparison of these two frameworks. The focus will be leveraging your risk management processes to support the Insurance Department’s risk focused examination.

This presentation will cover some of the key components and processes that are essential for both ERM and the NRFFE. These include the development of risk matrices including such key components as a common risk language. A common risk language provides the ability to quantify risk using key risk terms such as risk appetite and tolerance, inherent risk, strength of controls and residual risk.

11:00 Am – 11:10 AM    Break

11:10 AM - Noon
Tax Update
Richard Ashley, CPA
A review of recent tax developments impacting insurance companies, including tax legislation, current and proposed, IRS pronouncements, case law and tax accounting related matters.

Noon – 1:00 PM    Lunch

1:00 PM – 1:50 PM
Financial Services Reform Legislation Update
Dylan Jones, Director - Federal and Political Affairs, NAMIC

1:50 PM – 2:10 PM    Break

2:10 PM – 3:00 PM
Know your V's, B's, X's, & Y's: Managing Generations in Today's Workplace
Ed Krow, Senior Human Resources Consultant, Parente HR Services, LLC
Nearly 80% of people believe there is a major difference in the point of view of younger and older Americans. Generational "crowding" is making for some major conflict and miscommunication in the workplace. Each generation reacts to the generation before them, and this reaction becomes part of its own identity and defining characteristics. These differences can lead to major misunderstandings between coworkers raised in different eras.
Topics: Understanding Generations • Clash Points in the Workplace • Finding Common Ground

3:00 PM – 3:50 PM
Annual Statement Update
Scott A. Esworthy, Audit Principal, Brown Schultz Sheridan & Fritz
Mr. Esworthy will update attendees on changes made to the 2010 Annual Statement as well as changes made to Statutory Accounting Principles.

3:50 PM Adjourn