Insurance and Financial Institutions Conference (Day 1) (E2511690)

This conference is presented by the Pennsylvania Institute of CPAs (PICPA) in cooperation with the NJCPA.

10-10:50 a.m.
Economic Update (1 SK)
This session will discuss the latest economic trends impacting the accounting profession including inflation, interest rates, labor markets, and global shifts.

10:50-11:40 a.m.
GAAP Update (1 AA)
This session will provide an overview of upcoming and proposed accounting standards updates effective in 2025 and 2026 and the impact they will have on the financial and insurance industries.

11:40 a.m.-12:10 p.m.
Lunch Break

12:10-1 p.m.
Breakout Sessions

Pennsylvania Department of Insurance Update (1 AA)
Topics to be discussed include top insurance industry risks, SSAP and reporting revisions, creditor relationships and obligations and bond principles.

Pennsylvania Banking Industry Update-What Will It Take to Thrive? (1 AA)
Topics to be discussed include net interest margin, diversifying revenues and strategic alignment.

1:05-1:55 p.m.
Breakout Sessions

Claims and Revenues - Utilizing AI (1 SK)
This session will help attendees identify key AI applications in claims management and reserve analytics as well as evaluate the impact of machine learning on actuarial assumptions and financial reporting.

CECL/Credit Risk (1 SK)
This session provides a practical overview of current challenges and best practices in implementing CECL and managing credit risk. Topics to be discussed include internal controls and documentation and how to apply credit risk insights to strengthen financial reporting and regulatory alignment

2-2:50 p.m.
Breakout Sessions

Insurance Taxation update (1 TX)
This session will examine recent tax trends and legislation as well as income tax developments effecting life, property and casualty insurance professionals.

2025 Tax Update for Financial Institutions (1 TX)
This session will review “hot button” tax issues impacting financial institutions and what your institution should be doing about them. A focus will be on best strategies to reduce tax expense and improve your bottom line.

2:55-3:45 p.m.
Breakout Sessions

Insurance Investments: Accounting, Oversight & Strategy (1 SK)
This session will review SAP treatment of common investment types, examine portfolio risk and asset-liability matching and instruct how to apply NAIC guidance to investment oversight and disclosures.

BSA/AML Compliance Risks in a Shifting Regulatory Landscape (1 SK)
This session will identify key compliance risk areas under BSA/AML frameworks, including customer due diligence, transaction monitoring, and suspicious activity reporting. How to evaluate recent enforcement trends and regulatory guidance from FinCEN, OCC, and other agencies will also be discussed.