Wes Strickland, Shareholder, Colodny Fass

Patrick will provide an update on the MGA landscape, various industry trends including fronting carriers, and how the MGA market continues to outperform the P&C industry. He will also discuss various growth markets including cyber, drones, flood, outdoor recreation, and life sciences.

This presentation will discuss the 2018 election results and will preview the top issues expected for the 2019 session of the Florida Legislature, which convenes 18 days later.

Cody Webb, FCAS, CPCU, Consulting Actuary, Milliman

As world and industry leaders develop standards for quantification and disclosure of climate-related risks, a pantheon of recent natural disasters have caused unprecedented insurable losses. Insurers, their policyholders, and governments have been forced to respond in the short term and have been left with challenging questions about how to adapt in the longer term. 

Meanwhile, there is a rapidly growing body of data from scientists investigating linkages between weather-related extreme events and a changing climate.  

How can the insurance industry assimilate all of this activity and knowledge to develop comprehensive, resilient business plans that apply the latest in climatological and catastrophic analyses, to disciplines such as compliance, investing, and marketing, in a changing world?

Milliman’s team will discuss first principles and describe concrete steps to help you make sense of it all.

Andrea Keenan, Sr. Managing Director of Industry Relations, A.M. Best

Patrick Matthews, Head of Rating Agency Advisory, Aon

In this session, senior members from A.M. Best will discuss the process for obtaining a financial strength rating and provide an overview of their rating criteria. They will review key statistics regarding US P&C ratings including varying size and mix of business of companies rated by A.M. Best. In addition, there will be a Q&A discussion on key rating topics and trends facing the industry today.

James Graganella, CEO, Southern Fidelity Insurance Company

Nicholas Jagoda, Principal and Portfolio Manager, Elementum

Peter Kiernan, President and Chief Underwriting Officer, AXIS Re

Ross Nottingham, Chair of North America, Hiscox

Panelists from the reinsurance market will offer diverse perspectives on the issues impacting the 2019 property reinsurance and insurance environment.

Steve Petrevski, Senior Vice President, Head of Enterprise Analytics, Aon

Steve and Jobay will discuss relevant insights gleaned from the FinTech movement over the last decade and who some of the winners are in the transformation of the financial services industry.  Today insurance and technology are colliding at an accelerated rate.  What can be learned from FinTech that might be a predictor of how InsurTech will evolve in the next 5 years, and how insurers should consider engaging in the InsurTech ecosystem to innovate at a faster rate.

Michael Williams, Principal Consultant, Aon Inpoint

Despite unique claims challenges Florida insurers face, they have shown particular strengths in operational adaptability and financial resilience. This presentation will compare the Florida claims industry with the national averages and show how insurers in Florida are working to drive better claims results.

What do Airbnb and Uber have to do with the future state of Florida insurance claims? Only everything. They’ve built digital models based on trust – something that is sadly lacking between Florida insurers, their service providers and their customers. While some insurers persist on putting “lipstick on the pig” (that is the current claims process) forward-thinking insurers are building a new digital foundation that creates trust between all parties in a claim. Join insurtech entrepreneur Brian Siemsen for a provocative insight into why the Florida insurance claim value chain is on the cusp of one of the largest transformations in insurance history.  

Marc Boone, Sr. IT Director, Aon

As InsurTech and Big Data tools mature, more insurers are moving from observers to active participants by engaging with startups to help them solve their business problems or take advantage of opportunities.  This discussion will touch on the best practices and associated challenges of operationalizing technology, including the impact of Compliance/Regulation on your planned initiatives.

Nina Boone, Chair of Aon’s US Diversity and Inclusion Board

Winter Washington, Talent & Culture Manager, Chubb

Antonio Barner, Director of Business Development, Accredited

Today’s global workplace makes cultural diversity a necessity. Business claims to understand the need for diversity, but are effective strategies being implemented? Join us in a real-world discussion and a review of diversity and inclusion in the workplace.

The last session of the day will feature a lively, interactive, jeopardy-styled team trivia game. Most of the questions relate to fun facts about Florida, but the winning team may just have to know something about the Florida insurance market.

Wes Strickland, Shareholder, Colodny Fass

Wes Strickland, Shareholder, Colodny Fass

Canita Gunter Peterson, CPA, Shareholder, Tax Services 

Stephen Andrews, CPA, Director, Tax Services

Andrea Medley, CPA, Director, Tax Services

In December of 2017, President Trump signed into law the Tax Cuts and Jobs Act which took effect on January 1, 2018.  This was the largest tax reform since the Reagan years.  We have now completed our first full calendar year with the TCJA.  How did we do?  And, what additional information was clarified based on the questions that this raised?

Artificial Intelligence (AI) will change the world more in the next decade than the Internet has in the past 25 years.  This session will focus on how AI is drastically changing the way the trillion-dollar global property insurance industry has been assessing risk for decades.  Instead of heavy reliance on costly inspections or self-reported information by the insured, insurers can now leverage highly accurate data captured by AI from high-resolution imagery from satellite, low-flying aircraft, and drones.  These data will not only revolutionize underwriting and pricing but will also help insurers to delight their customers and agents with an engaging, digital purchasing experience.

Jan Inguagiato, Vice President, JS Held

Matt Scarfone, Partner, Colodny Fass

This presentation will address the challenges presented by the 2018 hurricane season.  Each storm can present distinct factors, such as weather conditions, geography and the construction of affected buildings, which can combine to produce devastating damage and unique challenges for claims adjustment, repair and litigation.  This presentation will explore some of the unique characteristics of the 2018 hurricanes, with specific attention to Hurricane Michael.

10:40 a.m. – 11:10 a.m.

Florida P&C Capital Market Opportunities

Zach Breslin, Vice President Investment Banking, Aon Securities

Jeff Davis, Vice President Investment Banking, Aon Securities

The Florida P&C market is well positioned to leverage alternative capital in the form of insurance-linked securities (“ILS”) and private credit transactions. Florida hurricane coverage continues to be one of the cornerstones of the ILS market, placing it at the forefront of competitive terms & pricing. ILS capacity & market fundamentals remain robust, indicating alternative capital will continue to be a source of competitively priced and innovative reinsurance coverage in the Florida market for the foreseeable future.

Separately, investor capital has continued to flow into the Florida P&C market through an array of credit products issued by insurers across the state. These products have provided management teams and owners with a flexible source of capital to help companies accomplish their strategic initiatives

The session will serve as a discussion on financials of insurance companies and perspective on the performance of the insurance industry over the past 10 years. The session will focus on how carriers are evolving their focus on key financials and balancing expense management versus where they are choosing to invest in the future of the business. 

Claude Mueller, CPCU, Are, Insurance Regulatory Consultant, Colodny Fass

This presentation will identify and discuss the latest Florida insurance regulatory developments and best practices, including the new Corporate Governance Annual Disclosure filing and other financial reporting and holding company act compliance issues.    

Wes Strickland, Shareholder, Colodny Fass