Agenda

Breakfast

Registration and Event Information Desk - Wednesday

NAMIC Welcome and Corporate Governance and the Role of the Board

This module serves as the foundation for mutual director education. The module introduces the fundamentals of corporate governance for mutuals including the roles and responsibilities of board members. This module will focus on the role of management versus the role of directors, term limits, qualifications of board positions, and the importance of independent directors. The module will provide a best practices approach and discuss ways to implement that approach.

Networking Break

Understanding Company Financials and Key Metrics

This module will introduce concepts covering property/casualty insurance company financials, to include review of statutory accounting principles versus generally accepted accounting principles and the relationships between balance sheet, income statements and statement of cash flows. The module will also focus on common metrics used to evaluate profitability, solvency, and growth to provide the tools directors will need in evaluating company financials.

Attendee Lunch

The Board’s Role in Strategic Planning

This module will provide an overview of the strategic planning process and discuss the roles of directors and management in developing, implementing, and monitoring a company’s strategic plan to ensure alignment with the organization’s mission, vision, and corporate purpose.

Networking Break

CEO Succession Planning

This module will provide an overview of the board’s role in the succession process for the chief executive officer. The module will focus on the key aspects of succession including timing, candidate consideration and screening, and selectee onboarding. The module will focus on industry practices/examples within mutual insurance companies.

Networking Break

Emerging Risks: Cybersecurity

This module will introduce directors to their oversight role in the protection and safeguarding of company data and consumer personally identifiable information (PII). This module provides an overview of federal data security and breach standards, the elements of the Cybersecurity Model Law, and examples of company governance processes and structures.

Breakfast - Thursday

Registration and Event Information Desk - Friday

Enterprise Risk Management

This module will provide an overview of the director’s role enterprise risk management, including the role of the board in ERM governance, the connection between ERM and strategic planning, and the role of rating agencies and regulators in monitoring and assessing company’s risk management processes and maturity.

Networking Break

Regulatory Framework and Emerging Legislative Issues

This module will introduce legislative and regulatory environments and their implications for operating an insurance company and provide a general overview of the legislative and regulatory processes in the states and Congress including current legislative and regulatory issues and trends.

Networking Break

Emerging Issues for Mutuals and Bootcamp Wrap-Up

This session will close out the in-person portion of Directors’ Bootcamp 2.0 by discussing real world issues that mutuals are facing today and the critical nature of governance when these issues make their way to the board. We will then end with a brief Directors’ Bootcamp wrap up.

Virtual Only - Reinsurance Building Blocks for Board Members

This module will provide an overview of the board’s role in the oversight of a company’s reinsurance including the fundamental role reinsurance plays in managing company risk exposures, adding capacity for new products and new markets, and ensuring the solvency of the company. This module will also cover the reinsurance market including the roles of brokers, reinsurers, and advisors (catastrophe modelers, analytics providers, etc.).

Virtual Only - Investment Fundamentals for Board Members

This module will provide an overview of the board’s role in the oversight of investments focusing on the role investments play in company operations, solvency, and profitability. This module will emphasize the board’s responsibility for investment philosophy and the investment policy statement, regulatory requirements for investments, and the board governance process focusing on investment committee and board actions.