MIDWESTERN ACTUARIAL FORUM A REGIONAL AFFILIATE OF THE CASUALTY ACTUARIAL SOCIETY Rick Gorvett President

Dave Moore Vice President

J.J. Ihrke Education Officer

Hyeji Kang Secretary/Treasurer

EVENT: June 2012 CAA, MAF and PRMIA Joint Conference on Enterprise Risk Management

Regulatory Risk in the Financial Industry The Chicago Actuarial Association (CAA), the Midwest Actuarial Forum (MAF), and the Chicago Chapter of the Professional Risk Managers’ International Association (PRMIA), with the Fred Arditti Center for Risk Management of DePaul University, are pleased to offer this halfday conference on Enterprise Risk Management.

DATE: Tuesday, June 26, 2012 11:45 Registration Table Opens 12:30 Lunch is served 1:00 Session 1: Lunch keynote: Dave Ingram – Solvency Regulation and Other Reasons to Lose Sleep 2:15* Session 2: Elijah Brewer – Dodd-Frank 3:30* Session 3: Janice Knight – Health Reform 4:45* Session 4: Presentations, with Q&A session – ORSA (Own Risk and Solvency Assessment) Ashwini Vaidya Nicole Kim Bryan Ware 5:45 Bar opens for Reception (cocktails, beer, wine, soda pop, and snacks) *Approximate start time of each presentation, with 15-minute breaks between each presentation.

PLACE: Holiday Inn Chicago Mart Plaza, 15th Floor in the LaSalle Room (Located atop the Apparel Center, just west of the Merchandise Mart – see directions below) 350 W Mart Center Dr, Chicago 60654 COST: $65 for members of the CAA, or of the MAF, or sustaining members of Chicago PRMIA $90 for all others Make your reservation online by June 17, 2012, at

http://register2.ChicagoActuarialAssociation.org

Payment will be requested in advance by the reservation confirmation system. Please use the link in your reservation confirmation message, which uses a secure PayPal web page to process credit cards and e-checks There are no refunds for cancellations not received by the end of the day on June 23. We welcome and encourage non-actuaries to attend our conference because information covered is relevant to a wide range of work within the insurance and financial community. Please share this with others who may be interested.

SPEAKER LIST Elijah Brewer III, Ph.D. DePaul University, the Center for Financial Services at DePaul University, and the Federal Reserve Bank of Chicago Elijah Brewer is currently a professor of finance at DePaul University where he teaches courses in commercial banking, money and banking, international finance, financial management, and business conditions. He was a senior economist and assistant vice president in the Economic Research Department of the Federal Reserve Bank of Chicago for over 25 years. His responsibilities were to oversee the antitrust analyses of bank holding company applications in the seventh Federal Reserve district and conduct economic research. His current research includes bank merger activity, deregulation, and corporate governance structure; derivatives activity, bank risk taking propensity, and portfolio choice; executive compensation, expanded powers, and performance in the banking industry; the wealth effects of financial institutions’ bankruptcy announcements; mutual to stock conversions of financial services firms; and the role of small business investment companies in financing the activities of small businesses. Professor Brewer has written on CEO compensation, corporate governance in banking, deposit insurance and bank stability, risk management, expansion of the Federal Safety Net, the relationship between risk and capital, and the effects of derivative usage on the performance of depository institutions. David N Ingram, CERA, FRM, PRM, Executive Vice President, Willis Re Dave is a member of Willis Re’s Analytics team based in New York. Dave provides ERM, risk assessment and capital management advisory services to Willis Re’s insurance clients. Dave was previously the Senior Director, ERM in the Insurance Ratings Group of Standard and Poor’s, New York. In that position, he spearheaded S&P’s initiative to incorporate ERM as one of the primary ratings criteria and the development of the framework for reviewing economic capital models. Dave also was co-author of the criteria that S&P is implementing to add consideration of ERM practice into all corporate ratings. In addition, Dave was a Consulting Actuary with the New York Office of Milliman for 7 years. He consulted on risk management and risk analysis. Dave also has more than 20 years of

actuarial and general management experience in the insurance industry where he served as corporate actuary, business unit head, planning officer, ALM actuary and pension actuary for a major US insurance company. Dave has authored over 40 published articles relating to ERM. His paper “Risk and Light” won the 2009 Best Practical Paper award at the ERM Symposium. He has spoken on ERM at over 100 events organized by PRMIA, GARP, SOA, CAS, IAA, ASTIN, Groupe Consultatif, WorldBank, Goldman Sachs, and S&P in North America, Asia, Europe, Australia, Africa and South America. He has been the founder and Chair of the SOA Risk Management Task Force and the first Chair of the 3000 member Joint SOA/CAS/CIA Risk Management Section. He is a member of the board of ERM-II. He founded the International Network of Actuarial Risk Managers. Dave is currently the chair of the Enterprise and Financial Risks Committee of the International Actuarial Association. Dave is a graduate of Lehigh University with a BA in Mathematics and a concentration in journalism. Nicole Kim, FSA, MAAA – KPMG LLP, Chicago Nicole is a senior associate in the Life Actuarial Services group within Financial Risk Management. She has almost seven years of varied experience in the life insurance industry and has performed advisory services to insurance and reinsurance companies. Nicole has extensive experience in Solvency II documentation, Market-Consistent Embedded Value (MCEV) reporting process, actuarial modeling and financial reporting. Janice Knight, FSA, MAAA - Chief Pricing Actuary, Health Care Service Corporation Janice Knight is a divisional senior vice president in Chicago-based Health Care Service Corporation’s (HCSC) Actuarial Division. The nation’s fourth largest health insurance company, HCSC operates the Blue Cross and Blue Shield plans in Illinois, New Mexico, Oklahoma and Texas, which together have more than 13 million members. In her role, Janice oversees health insurance pricing for all of HCSC’s small, large and major national groups as well as individual policyholders. In addition, she has played a crucial role in HCSC’s efforts to understand and implement provisions of the federal Affordable Care Act. Prior to joining HCSC in 1995, Janice worked in Metropolitan Life Insurance Company’s Actuarial Division in Mount Prospect, IL, and as a consultant for Hewitt Associates in Lincolnshire, IL. A highly recognized leader in her field, Janice has presented at several industry events, ranging from BlueCross BlueShield Association conferences to Healthcare Businesswomen’s Association meetings on topics ranging from actuarial issues to negotiating health reform. Janice is a Member of the American Academy of Actuaries and a Fellow of the Society of Actuaries. Janice received her Bachelor of Science degree in Mathematics from Michigan Technological University in Houghton, MI, in 1980. She attained her Fellowship in the Society of Actuaries in 1991.

Ashwini Vaidya, FSA, MAAA- KPMG LLP, Chicago Ashwini is a manager in KPMG’s Advisory Services practice with more than ten years of experience in the life insurance industry. She provides actuarial services, with primary focus on actuarial internal audit -the risk based peer review of the valuation life insurance and annuity liabilities, product development and pricing, financial reporting and of valuation and pricing processes. She also partners with clients as they enhance their existing processes and policies, to help them develop appropriate controls, documentation and training to make changes that are meaningful in meeting their objectives. Ashwini is Vice Chair of the Actuary of the Future section, where she will focus on its podcasting and mentoring initiatives. Bryan Ware, FCAS, MAAA, Director - Advisory, KPMG LLP Bryan is a director in KPMG’s Property and Casualty Actuarial Services practice. He joined KPMG in 2010 and is based in Chicago. He has more than 27 years of experience as an actuary, underwriter and consultant in the insurance and reinsurance field. Bryan has worked extensively in commercial lines, holding senior-level positions in insurance and reinsurance companies. He has experience with many lines of business including workers’ compensation, general liability, asbestos and environmental liabilities, auto liability, umbrella, professional lines, property, inland marine, ocean marine and boiler & machinery. He has experience with treaty, facultative and alternative reinsurance, admitted and non-admitted insurance, as well as captives. In prior roles, Bryan has been Chief Pricing Actuary for a major reinsurance company, Chief Underwriting Officer for a reinsurance company and Senior Vice President at a major commercial insurer, in charge of pricing for large account property/casualty business, umbrella, E&S and various other lines.

MENU (make your lunch selection at time of reservation): Chicken – farfalle pasta with grilled chicken – tomato vodka sauce, shaved parmigiano reggiano Vegetarian – whole wheat fettuccini – sautéed with artichokes + sundried tomatoes Breaks between the sessions will include snacks and hot and cold beverages (coffee, tea, soda pop, juice, water)

Getting to the Holiday Inn Chicago Mart Plaza

www.martplaza.com (Located atop the Apparel Center, just west of the Merchandise Mart) 350 W Mart Center Dr, Chicago, IL 60654 15th Floor – LaSalle Room Directions link http://www.martplaza.com/map-directions Chicago Transit Authority: Ride the CTA BROWN LINE to the Merchandise Mart Station. Walk through the second floor of the Merchandise Mart to Apparel Center. Metra: From the Ogilvie Transportation Center (Northwestern Station) Walk east to Wacker, then follow Wacker north to Franklin Street, walk over the bridge, and then left. Driving (parking ramp - Validate parking at the hotel Lobby Desk.): From I-90, I-94 & O'Hare Airport: Take I-90/I-94East toward Chicago > Exit at East Ohio Street (Exit 50B) > Turn RIGHT onto Wells St. > Turn RIGHT onto Wacker Dr. > Turn RIGHT onto Franklin St. > Turn LEFT at the end of Franklin Street Bridge From I-88 or I-290: Take I-88 toward Chicago (Portions Toll) > I-88 becomes I-290 East > Merge onto I-90/94 West toward Wisconsin > Exit East Washington Blvd. (Exit 51C) > Turn RIGHT onto Washington Blvd. > Turn LEFT onto Franklin St. > Turn LEFT at the end of Franklin Street Bridge From I-55, St. Louis & Midway Airport: Take I-55 North (Stevenson Exp) toward Chicago > Merge onto I-90/94 West toward Wisconsin > Exit East Washington Blvd. (Exit 51C) > Turn RIGHT onto Washington Blvd. > Turn LEFT onto Franklin St. > Turn LEFT at the end of Franklin Street Bridge From Lake Shore Drive: Exit at Randolph Street. Take Randolph west to Franklin Street > Turn right onto Franklin, go two blocks, then cross the Franklin Street Bridge > Turn LEFT at the end of Franklin Street Bridge

Please register online at http://register2.ChicagoActuarialAssociation.org by June 17, 2012.