This course will provide updates on the latest accounting, auditing, and regulatory developments impacting the insurance and reinsurance industries in Cayman.
Who should attend: Insurance industry professionals, accountants and directors for insurance companies.
Speakers:
Reinsurance Market Update:
The Cayman reinsurance market continues to evolve. PwC will host a session to provide the latest updates on market developments, share considerations related to establishing capital and accounting frameworks, and offer insights into internal controls for reinsurers—highlighting regulatory requirements, key risks and strategies for strengthening control environments.
Luke Robertshaw - Luke is a Senior Manager in the (Re)Insurance group at PwC in the Cayman Islands. He has over 10 years of professional experience, the last 7 of which have been with PwC Cayman. He specialises in providing audit services to single parent captives, group captives, life & annuity and P&C reinsurers.
Yousra Cherrouk - Yousra is a Risk Assurance Manager at PwC Cayman Islands with over 9 years’ experience in risk management and audits for financial institutions. She specialises in internal audit, SOX and non-SOX external audits, digital assurance, cybersecurity governance, risk assessment, and compliance.
Kerry Cooper - Kerry is a Senior Manager and is a life actuary in the Risk Modeling Services team at PwC Cayman Islands. He has over 10 years of experience working in the life (re)insurance industry, specializing in IFRS valuation and financial reporting, model development, asset liability management, pricing, and actuarial audit support.
Cayman and International Insurance Update:
- Captive insurance industry update both in Cayman and Internationally
- Regulatory updates new and expected
- Insurance Managers Association of Cayman (IMAC) – who we are and what we do
Jessica Dontas is a Vice President at GCM with over 10 years experience within the financial services industry in Cayman, being directly responsible for the management and governance responsibilities of an extensive portfolio of clients including captive insurance/reinsurance companies, investment companies and general commercial activities. She is a member of the Institute of Chartered Accountants in England and Wales and the Cayman Islands Institute of Professional Accountants.
Accounting Standards Update: Harvey Gowers, Audit Director at KPMG will provide an overview of the key upcoming changes to IFRS and U.S. GAAP accounting standards relevant to Cayman insurance companies.
Actuarial Session: Each year, reinsurance companies undergo comprehensive audits to assess the accuracy and integrity of their financial reporting. While auditors focus on the accounting framework, actuaries play a critical role in ensuring that the underlying assumptions and calculations are sound. In Life & Annuity, this involves reviewing mortality, lapse, and expense assumptions, as well as validating policy data and reserve calculations. In Property & Casualty, actuaries evaluate claim patterns, loss development, and reserve methodologies to confirm they align with historical experience and current expectations. This session will provide a detailed look at how actuarial expertise integrates into the audit process, offering a clear view of how these professionals help present a reliable and transparent financial picture.
Angelica Paras is a Senior Manager in the BBC region of EY’s Financial Services Organization (FSO) office and is based in the Cayman Islands. Angelica has over 10 years of audit experience within the Philippines, Singapore, Bermuda, and Cayman Islands, mainly for audits of commercial re/insurance (P&C and Life and Annuity), captive insurance and insurance brokerage clients. During her stint in EY, she has served on multiple engagements including insurance and reinsurance companies (2 listed entities), captives companies domiciled in Vermont, Colorado, Tennessee, North Carolina, Bermuda, Cayman Islands, and other US states reporting under IFRS, US GAAP, Bermuda Statutory and NAIC guidelines.
Wesley Naidu is an Actuarial Manager in the Consulting space, for the EY region of the Bahamas, Bermuda, British Virgin Islands and Cayman Islands, he is currently based in the Cayman Islands. He has six and a half years of expertise primarily concentrated in the Non-life and Life domains. He holds a Bachelor of Science in Actuarial Science Honors from the University of the Witwatersrand (South Africa).
Keera Feng is an Actuarial Manager in the Consulting practice for the EY region of the Bahamas, Bermuda, British Virgin Islands and Cayman Islands. She is based in the Cayman Islands and is a qualified actuary and Fellow of the Society of Actuaries (FSA). She has five years of experience in life insurance actuarial audit and consulting, focusing on the US, Bermuda, and Cayman markets. She holds a Bachelor of Science degree in Actuarial Mathematics and Data Science from the University of Michigan - Ann Abor.
Time: 9 a.m. - 12:30 p.m. with registration opening at 8:30 a.m.
CPD Credits: 3.5
Cost: CIIPA Member: KYD $100 / Non-member: KYD $130
Additional Event Information:
Food & Beverage: A light breakfast will be served from 8:30am
Pictures: By attending this event, you agree to be photographed and/or filmed and give permission to use your likeness in promotional and/or marketing materials.
Cancellation Policy: Registrants may cancel without penalty if your cancellation is received 10 full business days prior to the event. Due to financial obligations incurred by CIIPA, no refunds or credits will be issued on cancellation requests received less than 10 full business days prior to the event.
Signing In: When attending any training event, please be sure to sign in to be able to receive your CPD credits.
+1 (345)749 3360