Education Summit | April 23-24, 2024
April 23-24, 2024The Education Summit will take place on Tuesday, April 23-24, at Munich Re in Princeton, NJ. An agenda for the meeting, as well as hotel information can be found below.
REGISTRATION
Registration Fees| Registration Type | On or Before March 22 |
| BRMA Member - BOGO | $745 |
| Nonmember - BOGO | $995 |
| After March 22 | |
| BRMA Member | $595 |
| Nonmember | $1,095 |
Registration Categories
BRMA Member – BOGO: (2 for 1) Two employees from a BRMA member company.
BRMA Member: Employees from a BRMA member company.
Nonmember – BOGO: (2 for 1) Two employees from a reinsurance company that are not a BRMA member.
Nonmember: Employees from a reinsurance company that are not a BRMA member.
REGISTER NOW
EVENT LOCATION
Munich Re 555 College Road East
Princeton, NJ 08543
All Education Summit sessions will be held at Munich Re’s headquarters in Princeton, NJ.
HOTEL INFORMATION
Princeton Marriott at Forrestal100 College Road East
Princeton, NJ 08540
BRMA has secured hotel accommodations at the Princeton Marriott at Forrestal, which is an approximately 2-minute drive from Munich Re’s office.
AGENDA
| Tuesday, April 23, 2024 | |
| 11:30 AM – 12:30 PM | Education Task Force Meeting and Lunch |
| 12:00 – 4:30 PM | Registration and Event Information Desk |
| 1:00 – 2:00 PM | BRMA Welcome and Opening Session: State of the Industry: Economic Drivers of Insurance Performance Michel Leonard, Ph.D., will discuss key economic drivers of insurance performance. Topics covered will be insurance, reinsurance, and brokerage industry trends; underwriting trends across major insurance lines; insurance economic considerations such as underlying industry growth and replacement costs; extreme weather events and carrier solvency; and the impact of monetary policy and interest rates on insurance and reinsurance capital. Michel Léonard, PhD, CBE Chief Economist and Data Scientist Insurance Information Institute |
| 2:00 – 2:15 PM | Networking Break |
| 2:15 – 3:15 PM | Overview of Key Reinsurance Cases from 2023/Early 2024 This session will discuss some of the most significant cases from the 18 months and practical takeaways from those matters. Mason D. Roberts Associate Foley & Lardner LLP |
| 3:15 – 3:30 PM | Networking Break |
| 3:30 – 4:30 PM | Applying Principles of Contract Interpretation to Reinsurance Treaties How do courts apply general principles of contract interpretation to reinsurance disputes? Understanding the answer to that question can both help you deal with potential disputes on already-existing treaties and also draft new treaties to avoid common problems. Peter B. Steffen Partner Smith, Gambrell & Russell, LLP |
| 5:30 – 7:30 PM | Welcome Reception & Dinner Salt Creek Grille |
| Wednesday, April 24, 2024 | |
| 8:30 AM – 3:30 PM | Registration and Event Information Desk |
| 8:30 – 9:30 AM | Attendee Breakfast |
| 9:30 – 11:30 AM | Munich Re Negotiation Technique Seminar Knowing the proper negotiating techniques can give you that all-important edge to achieving a successful and satisfying outcome. The Negotiation Techniques Seminar offered by Munich Re is aimed at just that, providing claims professionals with a better understanding of the negotiation process and the techniques and strategies that will ultimately achieve better claim settlements. The workshop incorporates hands-on participation using case scenarios and role playing. NOTE: The target audience for this seminar is claims professionals with three to five years of experience. This is a great professional development opportunity for your rising claims leaders. |
| 9:30 – 10:30 AM | Insurance Issues Arising From 9/11 Terrorist Attacks More than 20 years later, the insurance issues arising from the 9/11 terrorist attack provide valuable lessons for all property insurance professionals. This presentation tells the story of Dallas attorney Steven Badger’s decade-long pursuit of the insurance industry’s $5 billion subrogation action against those alleged to be responsible for the attack and the resulting destruction of the World Trade Center. This fascinating presentation discusses all the insurance issues implicated by the attack, including the legendary “one-or-two-occurrence” dispute and various reinsurance disputes. Steven weaves these issues into his story of the events leading up to the attack that provided the basis for the industry’s subrogation action. This historically significant presentation is not to be missed. Steven Badger Partner Zelle LLP |
| 10:30 – 10:45 AM | Networking Break |
| 10:45 – 11:30 AM | Emerging Trends in Cyber Coverage In little more than a decade, insurance coverage for cyber risk has evolved from an adjunct product to a core coverage for nearly every business type. The magnitude and nature of the cyber risks businesses face, and costs and types of the coverage available for them, have similarly expanded. This session highlights the ever-evolving world of cyber risk and the impacts of growing cyber regulation on insurers and reinsurers. The session will also discuss the evolution of cyber policies to meet the changing risks; the current trends in first- and third-party coverage; the changing tactics employed by threat actors; and the growing challenge of disputes related to business interruption loss. Richard Boone Partner Wilson Elser Moskowitz Edelman & Dicker LLP |
| 11:30 AM – 12:30 PM | Attendee Lunch |
| 12:30 – 1:15 PM | Artificial Intelligence and the Growing Concerns for the Insurance Market Artificial intelligence is revolutionizing the insurance industry, offering unprecedented opportunities for innovation and efficiency. However, with these advancements come a host of complex challenges and concerns that organizations must navigate effectively. This enlightening session, presented by Wilson Elser’s Jonathan Meer, will explore the intersection of AI and the insurance market, shedding light on emerging risks, including product liability cases involving AI, AI’s impact to copy right claims, and security issues caused by AI use. There will also be a discussion on regulatory considerations shaping the landscape. Jonathan Meer Attorney at Law Wilson Elser Moskowitz Edelman & Dicker LLP |
| 1:15 – 1:30 PM | Networking Break |
| 1:30 – 2:15 PM | Update From The Trenches – Strategies To Mitigate Fraud and Other Abuses In CAT Claims Reinsurer exposure because of weather-related CAT claims has increased dramatically in recent years. One reason for this increase is the growth and maturation of the “storm chaser” industry, including contractors, public adjusters, and policyholder attorneys who all make a living injecting themselves into the CAT claims process. While some in this industry are reasonable professionals who want to truly help the insured, others are not. As a result, fraud and other abuses in the claims process have become far too common. This session will explore policy form changes, improved underwriting standards, and claims handling strategies that can be employed to address improper conduct while still ensuring fair compensation for the policyholder. Steven Badger Partner Zelle LLP |
| 2:15 – 2:30 PM | Networking Break |
| 2:30 – 3:30 PM | Key Areas of Focus for Reinsurers in 2024 As the reinsurance industry continues to adapt to evolving market dynamics and macroeconomic trends, staying informed and agile is paramount. Join Guy Carpenter for an insightful session that explores the key areas of focus for reinsurers in 2024 and provides valuable insights into the macroeconomic factors driving today’s economy, their impact on the reinsurance and insurance industries, and strategic responses employed by reinsurers. Jay Dhru Global Analytics & Advisory Guy Carpenter |
THANK YOU TO OUR SPONSOR!
SPONSORSHIP
For more information on sponsoring the BRMA Education Summit, please contact Michael McMullen.VIEW SPONSORSHIP OPPORTUNITIES