Insurance and Financial Institutions Conference (Day 2) (E2511700)

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

10-10:50 a.m.
Ethics (1 BE)
This session will review emerging ethics topics including standard-setting projects and the regulatory environment. Topics will include private equity, artificial intelligence, audit quality challenges and related market dynamics and restatement trends as well as the aggressive standard-setting agenda and enforcement strategy at the PCAOB and SEC.

10:50-11:40 a.m.
AI in Underwriting – Regulatory Pressures & Strategic Implications (1 SK)
This session will review AI’s role in underwriting decisions, identify emerging regulations and compliance risks and examine governance practices to mitigate bias and ensure transparency.

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

12:10-1 p.m.
Breakout Sessions

Statutory Accounting Update (1 AA)
Details coming soon.

AI Governance in Financial Institutions: Controls, Compliance, and Emerging Risks (1 AA)
This session will:

• Examine key governance protocols for AI systems, including model validation, audit trails, and ethical safeguards
• Explore risk mitigation strategies related to algorithmic bias, data privacy, and operational resilience
• Understand the regulatory implications of digital assets and AI, with a focus on StableCoin oversight and the Genius Act
• Apply practical controls to ensure transparency, accountability, and compliance in AI-driven financial environments

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

Partnering versus Acquiring an MGA- Is the risk worth the reward? (1 AA)
This session will examine the risk and rewards of MGA acquisition and partnership.

Banking M&A (1 AA)
This session will review financial and regulatory drivers of M&A, understand accounting and tax impacts and identify post-merger reporting considerations.

2-2:50 p.m.
Breakout Sessions

Reinsurance Overview/Update (1 AA)
This session will review current trends and structures in reinsurance markets, discuss accounting and reporting implications under SAP and GAAP and evaluate regulatory developments and their impact on reinsurance strategies.

Operational Compliance Risks (1 SK)
This session will help examine control frameworks for managing operational compliance risk and identify key components of effective monitoring, testing, and escalation protocols.

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

Equity & Fairness Insurance Pricing (1 SK)
This session will review regulatory expectations around discrimination and bias, ssess the role of data, rating variables, and transparency in pricing models and identify challenges in balancing risk-based pricing with social equity concerns.

Fraud Prevention & Detection (1 SK)
This session will review common fraud schemes involving checks, ACH, endorsements, and insurance contracts, assess the role of fraud prevention tools like positive pay and detection software and discuss how to apply internal control strategies to strengthen fraud oversight and response.