NFCA Webinar

A Market in Crisis:
Ensuring that fraternal benefit societies
will be there for their members.

Wednesday, November 12, 2008
2:00-3:00 p.m. CST

NFCA Member Price:  $50 per telephone line/computer

The financial downturn means that NFCA member societies will be facing increasing scrutiny not only from regulatory bodies; but also from their members as they look for security in this fiscal crisis.

This webinar is for CEOs and CFOs who are leading their societies through this unprecedented time in our country. We may not have the answers to your individual situations; however, we will raise the issues facing you both internally and externally, that need to be addressed now.

This webinar will allow you to stay in front of these important issues and lead your society through this difficult time. Informed and conservative stewardship is what is needed in these times.

Click here to register.


This webinar will cover:
CEO Perspective – fraternal stability and confidence
Questions that need to be asked of the internal staff – 
      CFO and Actuary
      • How will the year end Asset Adequacy Testing be impacted by
         current upheaval?
      • Are prior year default assumptions still valid? 
      • Do you have enough quality assets to actually support the
         liabilities that will be analyzed?  
      • Do you need to revisit the spreads needed to be profitable
         for your contracts?  
      • Will you be making changes to your investment strategy this year?
Questions that you will be asked by the Insurance Departments
      and A.M. Best
      • Their major areas of focus.
      • The data they will request and the ratios you need to monitor.
      • Information you and others may have submitted already.
      • Judgment thresholds used to assess your financial condition.
      • Questions for you… your CFO… your actuary, auditors and
         investment managers?
Your business plan for 2009
      • Have you run a pro-forma 2008 year-end financials?
      • Have you built a 2009 business plan?  
      • What kinds of strategies does your plan present? 
      • Does your plan have scenarios for testing sensitivity to further
         asset changes?
      • What changes in your portfolio focus are you planning?
 This is just the beginning - Summary
      • Company actions
      • Regulatory actions
      • 2009 business plan
Q & A