Events Calendar

Upcoming Events:

Register here for the May 16th 2-3pm EST Webinar: The Balancing Act of Captive Management

May 23rd 4:30-6pm Spring Member Mixer: Register Now!

Note on Fees: For roadshows, $35 for VCIA members and $50 for non-members; for webinars, $100 for VCIA members and $150 for non-members - $85/person for 3 or more people from a VCIA member company, $135/person for 3 or more people from a non-member company.

Current Events

ee206383-e0c9-40d2-b8d6-1433e95b266d2024 VCIA Webinar: The Balancing Act of Captive Management9893a89b-73c9-464f-92b8-2117797e2f4f<div><p style="">Join us May 16th for an engaging and informative dialogue that will address some of the captive industry's most pressing questions. </p><div>Registrants will be eligible to receive 1 CPE credit if attending for at least 50 minutes as well as answering 3 polling questions. </div><div> </div><div>Please contact info@vcia.com if you have any questions, concerns, or need help with your registration. For group registrations, please call (802) 658-8242.We hope that you will be able to join us! </div><div> </div><div><b>Date: </b>May 16th, 2024</div><div> </div><div><b>Time:</b> 2:00 - 3:00 p.m. EST</div><div> </div><div><b>Program Content:</b> </div><div><div id="pastingspan1">The captive webinar will discuss challenges that insurance companies face due to inflation and its impact on their investment portfolios, operating costs, and claim payouts. The webinar will focus on the process of estimating liabilities for unpaid claims, which is a complex task that becomes even more challenging with changing variables. The panelist will highlight the new auditing standards, which emphasize the importance of the loss reserve estimates and the use of an actuarial specialist. The webinar will provide practical methods for management to evaluate actuarial loss reserves, including considerations for methods and assumptions, data analysis, and supporting management's selected point estimate. The auditor's perspective on the reserve estimate will be discussed, emphasizing the need for evidence-based evaluation and understanding of management's selection process. Overall, the webinar is aimed to provide guidance for insurance companies and management to effectively manage their loss reserves and comply with auditing standards.</div><div id="pastingspan1"><br></div><div id="pastingspan1">The webinar is recommended for individuals and companies who are currently captive owners and are interested in gaining a deeper understanding of how to effectively manage their captives. It is also beneficial for companies that want to take a more proactive approach in managing their captives and for those who are new to the market and want to become knowledgeable and innovative captive insurance owners. By attending this webinar, you will gain valuable insights from both consulting and industry perspectives, which will help you ensure that your captive is sustainable, powerful, and successful as a long-term risk management tool.</div><div><br></div></div><div> </div><div id="pastingspan1"><b>Learning Objectives: </b></div><div> After completing this webinar, participants will be able to:</div><div id="pastingspan1">• Understand the challenges faced by insurance companies due to inflation, volatility in investment portfolios, and higher operating costs and claim payouts.</div><div id="pastingspan1">• Learn about the process of estimating liabilities for unpaid claims and the impact it has on an insurance company's financial condition.</div><div id="pastingspan1">• Gain knowledge about the recent auditing standards and their emphasis on the loss reserve estimate and the use of an actuarial specialist.</div><div id="pastingspan1">• Familiarize yourself with the common methods used by actuaries to estimate unpaid claim liabilities, such as loss development methods, expected loss methods, Bornhuetter-Ferguson methods, and counts and averages methods.</div><div id="pastingspan1">• Learn about the data elements provided to actuaries for estimating unpaid claim liabilities, including numerical data (paid losses, premiums, exposures, etc.) and qualitative data (retentions, reinsurance programs, etc.).</div><div id="pastingspan1">• Develop and understanding of an auditor’s perspective on the reserve estimation and obtaining sufficient audit evidence for testing such estimation methods.</div><div id="pastingspan1"><br></div><div id="pastingspan1">Please submit questions in advance via email to leach@vcia.com no later than May 15th. </div><div id="pastingspan1"><br></div><div id="pastingspan1"><br></div><div id="pastingspan1"><b>Prerequisite:</b> Basic understanding of captive insurance concepts, such as reserving and actuarial impacts, and familiarity with risk management practices is recommended.</div><div id="pastingspan1"><br></div><div id="pastingspan1"><b>Level:</b> Intermediate</div><div id="pastingspan1"><br></div><div id="pastingspan1"><b>CPE/CLE Credits:</b> 1</div><div id="pastingspan1"><b>Advanced Preparation: </b>None </div><div id="pastingspan1"><b>Field of Study:</b> Specialized Knowledge and Applications</div><div id="pastingspan1"><b>Delivery Method:</b> Group Internet Based</div><div id="pastingspan1"><b>ICCIE Credit:</b> 1 ACE CE and 1 ICCIE Teleconference Credit</div><div id="pastingspan1"><b><br></b></div><div id="pastingspan1"><b>Moderator/Speaker: <span style="font-weight: 400;">Colin Donovan, President, STICO Mutual Insurance Company, RRG</span></b></div><div><div id="pastingspan1"> </div><div>Lauren Darr, Partner, Johnson Lambert LLP</div><div id="pastingspan1"><br></div><div id="pastingspan1">Darcie Truttmann, Senior Consulting Actuary, Pinnacle Actuarial Resources, Inc.</div><div><br></div> </div><div id="pastingspan1"><b>Content Advisor:</b> Aaron Ciullo & Taylor Obrien, Marsh Captive Solutions</div><div id="pastingspan1"><b><br></b></div><div id="pastingspan1"><b>Webinar Fees:</b></div><div id="pastingspan1">$100.00 VCIA Members</div><div id="pastingspan1">$85.00 per person rate for three or more from one VCIA member company</div><div id="pastingspan1">$150.00 Non-Members</div><div id="pastingspan1">$135.00 per person rate for three or more from one VCIA non-member company</div><div id="pastingspan1"><br></div><div id="pastingspan1">Please note: In order to qualify for the three or more rate, all members of the group must be registered at the same time by email to estevens@vcia.com</div><div id="pastingspan1"><br></div><div id="pastingspan1">This webinar will be via computer only. No phone-in option is available. Full instructions will be sent to all registrants a few days prior to the webinar. Participants must be pre-registered/paid to participate in the webinar. There are no refunds permitted but advance substitutions are allowed.</div><div id="pastingspan1"> </div><div id="pastingspan1">REGISTRATION DEADLINE May 15th</div><div id="pastingspan1"><br></div><div id="pastingspan1"><i>For more information regarding administrative policies such as complaints and refunds, please contact the VCIA office at 802 658 8242 or email leach@vcia.com.</i></div><div id="pastingspan1"> </div><div id="pastingspan1"><i>Vermont Captive Insurance Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.</i></div><p style="0in;normal"><i><span style="font-size: 10pt; font-family: "Times New Roman", serif;"></span></i></p> <br></div>2024-05-16T00:00:00-04:00The captive webinar will discuss challenges that insurance companies face due to inflation and its impact on their investment portfolios, operating costs, and claim payouts. The webinar will focus on the process of estimating liabilities for unpaid claims, which is a complex task that becomes even more challenging with changing variables.34942d27-a544-4e65-8125-314fb72676222024 VCIA Webinar: The Balancing Act of Captive ManagementThe captive webinar will discuss challenges that insurance companies face due to inflation and its impact on their investment portfolios, operating costs, and claim payouts. The webinar will focus on the process of estimating liabilities for unpaid claims, which is a complex task that becomes even more challenging with changing variables. The panelist will highlight the new auditing standards, which emphasize the importance of the loss reserve estimates and the use of an actuarial specialist. The webinar will provide practical methods for management to evaluate actuarial loss reserves, including considerations for methods and assumptions, data analysis, and supporting management's selected point estimate. The auditor's perspective on the reserve estimate will be discussed, emphasizing the need for evidence-based evaluation and understanding of management's selection process. Overall, the webinar is aimed to provide guidance for insurance companies and management to effectively manage their loss reserves and comply with auditing standards.2024-05-16T00:00:00-04:002:00pm7974c96b-ab5c-4aea-a9a9-abd3493e9bcfLauren DarrspeakerLauren Darr, CPA, is a Partner with Johnson Lambert, a multi-office, niche-focused firm that provides audit, tax, and consulting services to insurance entities as well as nonprofits and employee benefit plans. With more than a decade of insurance experience, she specializes in providing audit and consulting services to property-casualty insurers and related service entities, with a sub-specialty in the medical professional liability space. Lauren is a member of the firm’s Technical Committee and is actively involved in the industry as she attends NAIC meetings on behalf of Johnson Lambert. Additionally, she represents the firm on the AICPA Insurance Expert Panel and is a member of the Joint Trial Board. She is a frequent author and speaker on insurance-focused technical topics.49ab3087-fc1a-4abf-b19d-747241e1ad1fColin DonovanspeakerColin Donovan is the President of STICO Mutual Insurance Company, A Risk Retention Group, which specializes in general liability, pollution liability, and contractual liability insurance for 150 storage tank manufacturers, pressure vessel fabricators and petroleum equipment contractors throughout the country. Starting with STICO in 1998, Colin oversaw the underwriting, marketing, reinsurance placement and investment management before assuming his current role in 2015. Colin earned his B.S. in Marketing and B.S. in Mass Communications from Miami University in Oxford, Ohio and earned his M.B.A. from DePaul University in Chicago, Illinois. He also earned his Associate in Captive Insurance from the ICCIE program in 2008.eb629332-cbdd-4f50-b65b-3f5a592e7ec2Darcie TruttmannspeakerDarcie Truttmann, FCAS, MAAA, is a Senior Consulting Actuary at Pinnacle Actuarial Resources, an independent, full-service actuarial firm focused on the property and casualty insurance industry. She has more than 18 years of experience in the property and casualty consulting industry with expertise in reserving studies for insurance companies, captive insurance companies and self-insured entities and extensive experience reviewing industry financial statement data and associated trends. Darcie is a member of the has presented at numerous industry seminars, including the Casualty Actuarial Society (CAS) Casualty Loss Reserve Seminar (CLRS) for the past five years. She is an active member of the CAS and volunteers for multiple CAS committees.

ac29e2ef-c4cd-4b96-b2d1-e552979c64002024 Spring Member Mixer22fc2e09-f95e-4541-9193-b90b9224f1b1<p class="MsoNormal" style="line-height: normal;"><span style="font-size: 10pt; font-family: Arial, sans-serif;">VCIA's Annual Spring Member Mixer will take place on May 23rd, 2024 at The Farmhouse at the Essex Resort & Spa.  Hors d'oeuvres, beer, and wine will be served.</span><span style="font-size:12.0pt;font-family:"Times New Roman",serif; mso-fareast-font-family:"Times New Roman""></span></p> <p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto; line-height:normal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman"">Make plans to attend this popular event to mix and mingle with industry colleagues! </span><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-fareast-font-family: "Times New Roman""></span></p> <p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><span style="font-size:10.0pt;font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"">Where:                  The Essex Resort & Spa - Farmhouse, 70 Essex Way, Essex, VT, 05452<br> When:                   Thursday, May 23rd, 2024  </span></p><div><span style="font-family: Arial, sans-serif; font-size: 13.3333px;">                              4:30 - 6:00 p.m.</span></div> <p class="MsoNormal" style="margin-bottom:0in;line-height:normal"><b><span style="font-size:10.0pt;font-family:"Arial",sans-serif;mso-fareast-font-family: "Times New Roman"">For VCIA Members Only. Register today!  We look forward to seeing you!</span></b><span style="font-size:10.0pt;font-family:"Arial",sans-serif; mso-fareast-font-family:"Times New Roman""></span></p><bgsound cep="0"><bgsound cep="1"><bgsound cep="2"><bgsound cep="3">2024-05-23T00:00:00-04:00Join us for VCIA's popular Spring Member Mixer with friends and colleagues on May 23rd.

2024 VCIA Webinar: The Balancing Act of Captive Management

The captive webinar will discuss challenges that insurance companies face due to inflation and its impact on their investment portfolios, operating costs, and claim payouts. The webinar will focus on the process of estimating liabilities for unpaid claims, which is a complex task that becomes even more challenging with changing variables.

2024 Spring Member Mixer

Join us for VCIA's popular Spring Member Mixer with friends and colleagues on May 23rd.

Events Calendar

About Us • Annual Conference

Current Events

2024 VCIA Webinar: The Balancing Act of Captive Management

2024 Spring Member Mixer