Retirement Readiness. The Continuous Evolvement of Auto Insurance. PwC and Drake University

Transcription

1 PwC and Drake University Retirement Readiness The Continuous Evolvement of Auto Insurance Registration is required. There is no charge for this event, but seats are limited.

2 A Roundtable Discussion on Retirement Readiness and the Evolution of Auto Insurance October 7, 2014 Presented by The Drake University Actuarial Science Program and in collaboration with PwC, Athene, EMC, FBL, Principal Financial Group and Transamerica. Meeting location Drake University Olmsted Center 2875 University Ave Des Moines, IA Meeting dates & times October 7, :30am - 3:00pm Lunch will be provided Meeting contact Adam Proegler (312) Retirement Readiness We now have a generation of workers approaching retirement that are going to rely on defined contribution plans plus a financially challenged Social Security system for their retirement security. We are also seeing many recent retirees who did not save enough for their retirement and depend primarily on social security. For those fortunate enough to have defined benefit plans the outlook isn t the best either as many are under-funded especially those that are sponsored by states and municipalities. Compounding the situation is that today s retirees are living longer and are quickly outliving their retirement savings. How can we as a nation help to educate today s workers on the need for retirement savings and how to effectively stretch those dollars through their retirement which today could be well in excess of 30 years. We ll discuss these very real social challenges as well as some of the innovation that is occurring to deal with these demographic trends such as longevity insurance and other emerging products that may help tomorrow s retirees. The Continuous Evolvement of Auto Insurance We are living in a fast paced age of technology and big data that is continuously evolving around us. These changes impact how we work, play, and affect nearly everything that we do. Personal Auto Insurance is no exception as there have been changes in recent years with even more change expected in the near future. In this session we ll explore the changing environment of personal auto insurance and hear from experts who are following the trends. We ll learn about the autonomous vehicle and explore the potential implications this has on auto insurance. What are the legal ramifications? Where does the liability lie for an accident? We ll also dive into the emergence of telematics and the impact that UBI is expected to have on the marketplace in the coming years. How are consumers responding? What about privacy concerns? We ll also hear from an industry expert in regard to recent trends in driving patterns, accident rates, and what is expected for the future. We look forward to seeing you there! Registration is required. There is no charge for this event, but seats are limited. To register: Contact for additional information, or to be added to a wait list is Adam Proegler at [email protected] or (312) We look forward to having you join us on October 7!

3 Agenda Tuesday, October 7, 2014 Morning Retirement Readiness 8:30am - 9:00am Registration & light breakfast 9:00am - 9:15am Introduction / welcome / opening remarks Larry Zimpleman, CEO, Principal Financial Group Or Senator Tom Harkin 9:15am - 9:45am Ed Moslander 9:45am - 10:15am Mike Dulaney 10:15am - 10:30am Break 10:30am - 11:00am Robert Yee 11:00am - 11:30am Donna Mueller 11:30am - 12:00pm Q&A Session Key note speaker 12:00pm - 1:00pm Larry Zimpleman or Senator Harkin 1:00pm - 1:15pm Break Afternoon Evolution of Auto Insurance 1:15pm 1:45pm Patrick Sullivan 1:45pm 2:15pm Ricky Tarranda 2:15pm 2:45pm David Sudzus 2:45pm 3:00pm Q&A

4 Biographies Ed Moslander Senior Managing Director, Institutional Relationship Management, TIAA-CREF Edward Moslander is Senior Managing Director and head of the of TIAA-CREF s Institutional Client Services organization, which serves more than 15,000 retirement plan sponsors in the academic, research, medical and cultural fields. In this role, he is responsible for managing relationships with plan sponsors, the consultant community that supports them, as well as the national associations of which not-for-profit plan sponsors are members. He also leads the company s hospital, government and healthcare segments. He is a seasoned leader with 28 years of experience at TIAA-CREF in Sales, Operations, Marketing, Change Management, Project Management, Product Management and Business Strategy and Planning. Mike Dulaney Senior Consulting Actuary in Retirement Actuarial Services of the Principal Financial Group in Des Moines, Iowa Mike has more than 20 years of actuarial consulting experience working with defined benefit pension plans and retiree medical plans. He has worked with plans in many different industries and sizes up to $2 billion in assets. His primary role, in addition to leading the actuarial consulting practice, is providing high-level consulting to our retirement clients regarding the design, costs, and risks of their retirement programs. Mike s current responsibilities include being the leader of the Retirement Actuarial Services group at Principal Financial Group as well as serving as lead actuary on Principal relationships. Prior to joining the firm, he was with Towers Watson in Kansas City and Minneapolis as well as with FBL Financial Group in Des Moines. Robert Yee PwC Director and former Chief Actuary, CLASS Act Bob is a director at PriceWaterhouseCoopers LLC. He specializes in long-term care Insurance with over 30 years of experience. Bob is a recognized expert in social insurance for long-term care. Several years ago, he was the Chief Actuary for the Office of CLASS (Community Living Assistance, Services and Supports) which was intended to be the long-term care component of health care reform. Prior to that role, he was senior vice president of strategic planning for Genworth Financial s long-term care insurance business unit. During his career, Bob has been active with the actuarial, marketing as well as the regulatory aspects of long-term care insurance.

5 Biographies Donna Mueller CEO- IPERS Donna M. Mueller has been the CEO of the Iowa Public Employees Retirement System (IPERS) since January IPERS has over 340,000 members, almost 2,200 participating employers, and assets that exceed $27 billion. She was previously the Executive Director of the Boston Retirement System. Donna received a Juris Doctor in law from Washington and Lee University in Lexington, Virginia, and a Bachelor of Arts in political science from the University of Minnesota in Duluth. She is a graduate of the John F. Kennedy School of Government s Program for Senior Executives at Harvard University. Donna serves as immediate past-president of the National Association of State Retirement Administrators and is a member of the Internal Revenue Service s Advisory Committee on Tax Exempt and Government Entities (ACT). Patrick Sullivan Writer, Auto Insurance Report Patrick Sullivan serves as a staff writer for the newsletters of Risk Information Inc.: Auto Insurance Report and Property Insurance Report. He joined the company in Patrick is a key part of the reporting team on stories examining state insurance markets. He also specializes in writing about the emergence of Millennials as insurance consumers, social media marketing, and residential and commercial fire risk. Patrick has spoken to a wide range of insurance groups, including agents and senior management teams, and is a regular speaker at the Auto Insurance Report National Conference and Property Insurance Report National Conference. Patrick is also president of Tall Pat Records, a Chicago-based record company. Before joining Risk Information, Patrick served as a director of voter registration and fund raising during the 2008 presidential campaign for Grassroots Campaigns Inc. in Chicago, Illinois and Dayton, Ohio. Patrick also served as General Manager of radio station KSCU in Santa Clara, California from 2006 to 2007, and was Assistant Music Director at the station from 2004 to Patrick is a 2007 graduate of Santa Clara University with a Bachelor of Science in Anthropology.

6 Biographies Ricky Taranda Director of Product Management, Allstate Ricky Taranda is a Director of Product Management with Allstate Insurance Company based in Northbrook, Illinois. He graduated from Illinois Wesleyan University with degrees in Mathematics and Risk Management. Ricky started with Allstate as an actuarial analyst in 2005 providing rate making support for Allstate auto, home, commercial auto and the consumer household lines. Prior to his current role, Ricky held the Motorcycle and ORV Product Manager position as well as a Product Development and Innovation role within Allstate responsible for driving new business growth and retention improvement through new product development geared toward multi-channel growth. In his current role, Ricky provides product management for Allstate s personal lines in Iowa, Kansas, Missouri and Nebraska. David Sudzus Partner, DrinkerBiddle David B. Sudzus is a partner in the Products Liability and Mass Tort Practice Group. He serves as a Vice Chair of the Products Liability Practice Group and is a charter member of the firm s Electronic Discovery and Data Management Committee. Dave also serves on the Hiring Committee in the firm s Chicago office. His practice focuses on products liability, mass tort, pharmaceutical, medical device and asbestos litigation, class actions and ediscovery. Dave has extensive trial experience in state and federal courts, including trials in Illinois, New Jersey, Pennsylvania and Texas. He has participated in appeals in the Seventh Circuit, and in Illinois state courts. Dave has also had first chair responsibilities in mediations throughout the country. He also is active in pro bono matters, handling cases involving commercial disputes, alleged civil rights violations and other issues. Dave's experience includes litigating matters in more than 25 states and jurisdictions, as well as 5 federal multidistrict litigation proceedings. He has also served in both a national and regional coordinating counsel role for manufacturers of raw intermediate materials, medical products and consumer products. Dave is a regular speaker and panelist on topics such as federal preemption, product recalls, Medicare/Medicaid reporting and biopharmaceuticals. These engagements include recent presentations as a speaker and panelist at the ABA Tort Trial & Insurance Practice Section s CLE Meeting of the Toxic Torts and Environmental Law Committee Program, the American Conference Institute s Drug and Medical Device Litigation seminar, and a Law Bulletin Publishing Case Evaluation seminar.