Directors Education Series

NAMIC continues to focus on delivering resources to practice good governance. We are beginning a new series to provide learning opportunities for directors of mutual insurance companies.

Through a needs-assessment survey conducted in May 2006, NAMIC members helped identify the key areas of knowledge that all board members should possess. This section of the series will be hosted in conjunction with NAMIC’s Annual Convention - an event that many member-company board members attend each year. Each year, the optional session at Convention will focus on two or three of the key areas.

Focus on the Foundation

This section of the series will be hosted in conjunction with NAMIC’s Annual Convention – an event that many member-company board members attend each year. Each year, the optional session at Convention will focus on two or three of the key areas.

Key areas include:

• Board member liability issues
• Understanding and analyzing financial statements
• Succession planning
• Corporate governance for mutuals
• Role of the board

Directors Boot Camp

The Boot Camp, an in-depth workshop, will focus on elements of the key areas included in “Focus on the Foundation” but additional important issues will be covered and discussed

Key areas to include:

• D&O insurance coverage and director indemnity
• Insurance regulatory environment
• Effective decision making for complex issues
• Legal duties
• Reinsurance 101
• Legislative/political issues such as Sarbanes-Oxley
• Asset/liability management
• Investment perspectives
• Insurance specific performance metrics
• Insurance accounting 101

The Boot Camp will be offered twice in 2007: February 2-4 (link to event calendar) in the Southwest and August 12-14 (link to event calendar) in the East. Each Boot Camp will address all of the key areas.

Posted: Wednesday, August 23, 2006 12:00:00 AM. Modified: Monday, March 15, 2010 2:08:58 PM.