IA Finance Best Practices.
September 24-26 2007
The IAFS, in collaboration with the Intellectual Asset Management magazine Finance Panel, sponsored a bespoke working conference on intangible asset finance best practices at the Savannah Dhu Wildlife Preserve, Pines Lodge, and Conference Center among the finger lakes in Clyde, NY.
“Eighty percent of a corporation’s market capitalization is intangible -- assets that are not understood, and definitely not protected by traditional insurance.” So said Keynote Speaker William T. McGinty, founder and senior managing director of Carpenter Moore Insurance Services, a wholly-owned subsidiary of NASDAQ. “The problem with intangible assets from an insurance perspective is that they’re not easily predictable. Insurance companies usually like to develop products and establish pricing by ‘looking in the rear-view mirror’ and performing actuarial calculations based on many events over a long period of time. Instead, insurance companies need to insure intangible assets against catastrophic risks just as they would insure a physical asset against a severe weather event.”
The program, open to IAFS members and guests of the IAFS, ran from late afternoon Monday 24 September through breakfast Wednesday 26 September.
Download a copy of the Program.