Name: Re/Insurance Balance Sheets Under Fire
Start: 2023-05-10T14:30:00Z
End: 2023-05-10T14:31:01.000Z
Location: BrightTALK
Rating: 4.8

Interactive panel discussions with experts in the (re)insurance space, moderated by the Insurance Insider Team. Ask questions and take part in polling.

As catastrophe modeling has grown increasingly more sophisticated and able deliver more granular information, the use cases for the model insights has grown dramatically. Initially cat models primarily helped quantify a portfolio’s aggregate exposure to tail events. Now, the models enable underwriters to utilize location level output to aid in individual risk selection and pricing. Portfolio managers can use event response data to garner near real-time insights into events as they’re unfolding and rapidly communicate expected results to various stakeholders. The ever increasingly complex terms and conditions meant to create highly informed risk transfer can also be more accurately captured with today’s models without the need for rough adjustments and workarounds.
How can re/insurers best manage cat modeling uncertainty? Join Insurance Insider, in partnership with Moody’s RMS, for a free webinar, 10:30 ET/3:30 BT, Nov. 15, as we take a deep dive into what re/insurers are thinking about cat modeling.
Discussion questions include:
--Are we entering a new age of catastrophe modeling?
--How can re/insurers better understand cat modeling?
--How to measure uncertainties in outputs?
--How simulations result in better performance?
--How catastrophe models are helping to underwrite properties in hazard-prone areas?
--How underwriters can use modeling to make better decisions even in states where they’re not allowed to use models for pricing?
Panel:
Jesse Nickerson, Senior Director, Pricing Actuary, Moody’s RMS
Jason Trock, Managing Director, North America Catastrophe Advisory, Guy Carpenter
TBA
Moderator: Meg Green, Insurance Insider

Managing Cat Modeling Uncertainty

The World Bank estimates it will cost $411 billion over the next decade to rebuild Ukraine, and insurance will play a vital part of that process. Insurance underpins every major construction project, and banks won’t loan money to projects without insurance protection for their investments. How are insurers responding to the reconstruction of Ukraine? Join Insurance Insider, in partnership with Markel, on 10:00 ET/ 15:00 BT on Nov. 2 as we explore how political violence insurance is evolving to face new risks.

Discussion questions include:
Overview of the political violence insurance market
What lines of insurance may be involved?
How are terms and conditions changing?
Can insurers underwrite in a country where an active war is raging?
How is the Ukraine/Russia war impacting other regions and other types of cover?
What other geographies face potential conflicts? 
Panel:
Ed Winter, director of terrorism, Markel
Roland Lasius, partner, Oliver Wyman
Marcus Baker, Global Head Marine and Cargo Practice – Managing Director, Marsh

Moderator: Meg Green, Managing Editor, Insurance Insider

Insuring the Rebuilding of Ukraine: The Future of War Cover

Against a background of wildfires, windstorms and historic flooding around the world, the scientific consensus sees global warming passing the Paris Agreement’s 2°C target despite 130 countries and close to 8,000 companies making commitments to achieve net zero GHG emissions by 2050*. 
 
The ramifications for re/insurers are huge, from an uptick in climate-related claims to an array of new reporting requirements and standards. In our upcoming webinar, on September 26th at 3.30pm BST, hosted by S&P Global Market Intelligence, Future directions in the race to net zero, our panel of industry experts will discuss the future of the insurance industry’s own net zero initiatives and the regulatory and standard-setting challenges that lie ahead. 
 
• Five years after its launch by the Financial Stability Board (FSB), what has the Task Force on Climate-related Financial Disclosures (TCFD) achieved and what’s left to do?
• The ESG backlash in the US – what do withdrawals from the NZIA mean for voluntary commitment initiatives in the industry?
• What does the European Union’s CSRD/ESRS new reporting regime mean for insurers in the bloc?
• What is the direction of travel for the Bank of England, which recently said it is tightening its focus on improving insurers’ identification, measurement and management of climate risks?
• It’s been observed that the race to net zero will be won or lost in Asia: what steps are underway in influential markets like Japan, China, Malaysia and Singapore?

*TCFD 2022 Status Report

Speakers:
Nigel Brook, Partner - Clyde & Co.
Miqdaad Versi, Partner - Oxbow Partners
Ryan Bond, Head of Climate and Sustainability Insurance Innovation - Marsh

Moderator: 
Raymond Barrett, News Desk Manager, Global Insurance, S&P Global Market Intelligence

Future Directions in the Race to Net Zero

The Excess & Surplus lines market has been growing rapidly, with premium jumping 24.1% in 2022, according to the 2022 Annual Report of the U.S. Surplus Lines Stamping Offices. As increasing competition drives rates down, while social and economic inflation are driving loss costs higher, is there a danger that underpriced business being written today will result in big losses in a few years as casualty claims come home to roost? Join Insider Engage, in partnership with KBRA, for a free webinar, 10:30 ET/3:30 BT, on Aug. 29 as we explore E&S market dynamics.
Discussion questions include:
--Overview of the E&S market today: What is driving the growth? 
--While the property market remains hard, some classes of casualty and excess casualty are softening. What is driving those trends? 
--The explosion of the MGA/MGU space: what does that mean for the industry?
--A few decades ago, some carriers got into trouble from “giving away the pen” to MGAs/MGUs. Could this happen again today?
--Could rising interest rates result in companies pursuing cash-flow underwriting again?
--What are the regulatory implications of more business moving to the E&S market?
--What are the rating implications from carriers relying more on MGAs/MGUs? 

Speakers: 
Peter Giacone, Managing Director and Global Head of the Insurance Ratings team, KBRA
Hank Watkins, Regional Director & President, Americas, Lloyd’s
Pete Chandler, CEO, BMS Re
Matt Freeman, President & CEO, State National

Moderator: Meg Green, Managing Editor, Insider Engage

Is E&S Growing Too Fast to Safely Manage Risk?

As artificial intelligence continues to penetrate into insurance operations throughout the value chain – sales, underwriting, claims – how are companies managing to ensure AI is being used appropriately? Join Insider Engage, in partnership with Guidewire, for a free webinar 11:30 ET/4:30 BT on Aug. 2 as we explore the growing implications for the insurance industry.
Discussion questions include:
--Overview of how AI is currently being harnessed in the insurance industry.
--What are the existing US and International regulatory concerns around AI, and how do you see that evolving? 
--Which lines of business may be more heavily scrutinized? 
--Who might be most harmed if AI is not appropriately used, and what are the possible ramifications of that? 

Speakers include:
Christopher Cooksey, Senior Director, Advanced Analytics, Guidewire
David King, Co-founder and Co-CEO,  Artificial
Sridhar Manyem , Senior Director, Industry Research and Analytics, AM Best  
Venkatesh Srinivasan, Head Claims Solution & Innovation, Swiss Re

Moderator:
Meg Green, Managing Editor, Insider Engage

The Growing Pressure to Achieve Ethical AI in Insurance

Environmental risk is top of mind for risk managers according to a recent Aon study – there’s a gap between the need for environmental insurance coverage and the actual purchase of it. Join Insider Engage, in partnership with Markel, for a free webinar, 10:30 am EDT, July 19, as we discuss the challenges and opportunities in the environmental insurance space.
Discussion questions include: 
--Overview of the current environmental insurance market
--How are pollution exposures growing?
--Where are there potential coverage gaps? 
--Is the “Absolute Pollution Exclusion” really absolute?
--What are conscious, subconscious or unconscious self-insured pollution liabilities?
--How likely is it that environmental exposures can impact a balance sheet?
--Why being in compliance with environmental laws and regulations may not be enough
--How can data mining be used to help companies better understand their risk? 

Speakers include:
Tom Williams, Managing Director, Environmental and Energy Product Line Leader, Markel
Veronica Benzinger, National Practice Leader, Environmental Risk Solutions, Aon
Bill Nellen, Executive Vice President, Alliant Environmental Group - Alliant Insurance Services
Moderator: Meg Green, Managing Editor, Insider Engage

The Widening Gap in Environment Insurance Coverage

What are the impacts on fixed income and private assets for insurers amidst market volatility?

Uncertainty seems to be the only constant for insurers these days. Against a backdrop of high inflation, continuing geopolitical tension and a patchy economic outlook, managing an insurer’s investment portfolio requires a full view spectrum of the entire end to end insurance lifecycle.
In a free to view webinar, offered in partnership with S&P Global Intelligence, our expert panel will discuss what is informing smart insurers’ investment strategies – and how accepted wisdom no longer holds.

Topics up for discussion include:
• From inflation to geopolitical, what are the most worrying macro-economic signals that insurers are monitoring?
• As more attractive yields on fixed income securities work through, how are insurers responding?
• How far will insurers go in raising their risk tolerance in light of increasing private assets?
• What insurance business trends are influencing investment decisions, for example to do with liquidity and ALM?
• How important is sustainability on the agenda for CIO/CFOs on the investment frontline?
• What regulatory developments could affect insurers’ investment allocations in the future, for example around IFRS 17 or evolving Solvency II rules?
• Regional bank failures stoked fear of a banking crisis recently; what ‘known unknown’ keeps our panel members awake?

Speakers:
Joe Pursley, Head of Insurance, Americas - Nuveen (part of TIAA) 
Eleanor Bucks, CIO - Lloyd's of London
Aurora Swithenbank, Chief Financial Officer at Vantage Group Holdings Ltd
Michel Leonard, chief economist with the Insurance Information Institute

Moderator:
Ben Dyson, Insurance Reporter, EMEA, S&P Global Market Intelligence

Mastering Market Volatility: Insights into Insurer Investments

Evolving regulation, the tightening credit market and managing a combination of financial and technological risks make insuring the Fintech market a specialist proposition. The growing market, valued at $133.84 billion in 2022 and projected to reach a value of $556.58 billion by 2030, according to Vantage Market Research, presents both risks and opportunities for insurers. Join Insider Engage, in partnership with Markel, for a free webinar, 10:30 ET/3:30 BT, July 5, 2023, as we explore the growing risks and opportunities in insuring the Fintech space. 

Discussion questions include:
--Overview: How do you define a ‘Fintech’?
--What types of coverage do Fintechs need?
--What types of exposures are Fintech companies most worried about?
--What types of risks might Fintechs be facing in light of the tightening credit market?
--How does a changing regulatory environment affect fintech companies and what impact might this have on claims? 
--What unique considerations should Fintechs keep in mind when looking for insurance coverage?

Speakers: 
Nick Rugg, Head of Fintech & Investment Management Insurance, Markel International 
Eloise Morgan, Director of UK FI, Paragon International Insurance Brokers Ltd
Luke Chesworth, Head of Retail, SuperscriptQ
April Bellchambers, ACII, Chartered Insurance Broker, Capsule

Moderator: Meg Green, Managing Editor, Insider Engage

Evolving Risks Facing Fintech Companies

Insurance and risk management professionals picked PFAS or “forever chemicals” as their top concern in Verisk’s 2023 Emerging Issues Bracket Challenge

As evidence of forever chemical’s potential harm continues to grow, so does litigation. While lawsuits so far have focused mostly on chemical manufacturers, litigation is continuing to spread to companies that work with forever chemicals. This can include companies making non-stick cookware, carpeting, firefighting foam and even raincoats. With settlements already reaching $1 billion, what should insurers be thinking about when it comes to forever chemicals? 
Join Insider Engage, in partnership with Verisk, for a free webinar at 10:30 ET/15:30 BT on June 28 as we explore the implications that forever chemicals hold for insurers.
Discussion questions include: 
What are forever chemicals and what are the risks?
What lines of insurance may be impacted?
Could this be the ‘next asbestos’ to face the insurance industry?
How should insurers be responding? 

Panel: 
Eric Gesick, Liability Analytics Leader, Verisk
Neil Beresford, Partner, Clyde & Co.
Raji Bhagavatula, Principal, Milliman
Jim Finnamore, SVP, Global Head of Environmental Liability, Mosaic Insurance

Moderator: Meg Green, Managing Editor, Insider Engage

The Looming Threat of Forever Chemicals

The natural catastrophe protection gap -- uninsured losses as a share of total economic losses -- has narrowed over the past 30 years, but is remains large. Only one in every three dollars of catastrophe losses are backed by insurance, according to Munich Re. 

Despite the impact of climate change, a population shift to more vulnerable areas, and the increase in severity and frequency of natural catastrophe losses, some insurers see the protection gap as an opportunity.  The gap is wider in emerging markets, but consumer interest in purchasing new forms of insurance is nearly three times as high in emerging markets compared to developed markets, EY found.

Join Insider Engage, in partnership with EY, 10:30 ET/3:30 BST on Thursday, May 25, as we consider the risks and opportunities facing insurers as they focus on closing the protection gap.

Discussion questions include: 
--Overview: what is the protection gap? Where is it most severe?
--How are insurers changing their underwriting to offer more protection?
--What creative new products or distribution channels are coming to market?
--What role can insurance-linked securities play?
--Are there areas or risks that are uninsurable? 
--What are the challenges of launching private-public partnerships to help manage risk? 

Panelists include:
Isabelle Santenac, EY Global Insurance Leader
Gianfranco Lot, Chief Underwriting Officer P&C Re, Swiss Re
Guenter Kryszon, Global Executive Underwriting Officer of Property, Markel
Penny Seach, Group Chief Underwriting Officer, Zurich Insurance Company

Moderator: 
Meg Green, Managing Editor, Insider Engage

The Future of Insurance: Closing the Protection Gap

Insurers face the often-competing challenges of lowering their expense costs while maintaining or improving their customer service. When insurers harness tools including artificial intelligence and machine learning to move to “touchless claims,” do they risk alienating their customers? 

Join Insider Engage, in partnership with Mendix, for a free webinar, 10:30 ET/15:30 BT, May 24, as we explore the benefits and potential pitfalls of touchless claims.

Discussion questions include:

• What are touchless claims?
• What are the benefits of automating claims?
• What challenges do insurers face in implementing touchless claims?
• What are the potential pitfalls of automating claims?
• How to best implement touchless claims?

Panelists:

Paul Fondie, Global Industry Principal, Insurance, Mendix
Robin L. Spaulding, Global Claims Lead, Capgemini
Shaughn McCluskey, Industry Specialist, Insurance, AWS
Moderator: Meg Green, Managing Editor, Insider Engage

The Right Touch(less) Claims

ChatGPT, an AI-powered chatbot that can respond to questions directly by understanding and generating text in a similar way to humans, has taken the world by storm. Just one example of a large language model, businesses are eagerly looking for ways to leverage conversational AI to extract more value from their day-to-day operations.

But what does the rapid adoption of large language models, like ChatGPT, mean for the insurance industry? Join Insider Engage, in partnership with Eigen Technologies, for a free webinar, 10:30 ET/15:30. BST, May 18, as we explore whether AI will be revolutionary or do the limitations – and the risks – still outweigh the impact. 

To help answer this, our expert panel will discuss the following questions:
•             What are large language models like GPT-4, BERT, and ChatGPT, and how are they being used by the insurance industry?
•             What opportunities lay ahead for insurers using these models?
•             What are the risks associated with using this technology today and in the future?
•             How can insurance companies leverage this technology to their advantage?

Panelists: 
Chris Mullan, SVP of Product, EigenTech
Bill Keogh, Operating Partner, Eos Venture Partners
Jennifer Hobbs – VP, Lead Data Scientist for Zurich North America
Sridhar Manyem, Senior Director, Industry Research and Analytics, at AM Best
Moderator: Matt Scott, Insider Engage

Hype or game-changer? What does AI really mean for the insurance industry?

Threats of recession, bank failures and entrenched social inflation are creating a myriad of challenges for businesses, their insurance brokers and directors’ and officers’ underwriters. Join Insider Engage, in partnership with AXIS, for a free webinar 10 a.m. ET, Tuesday, May 16, as we explore the growth potential of the private D&O, crime, fiduciary, employment practices liability insurance and transactional liability markets.
Discussion questions include:
--Overview of the state of the D&O market
--Public vs. private D&O: where are the growth opportunities? 
--What’s driving claim complexity?
--Where are the largest claims coming from?
-- How are new tech tools and AI being harnessed to help underwriting?

Panel:
Mark Paccione, EVP, AXIS Capital
Maurice Pesso, Partner, Kennedys Law
Yamilé C. Rodriguez, Senior Vice President and Team Leader, Financial Services Group/Private & Nonprofit Practice - Aon
Benjamin Falk, North America Commercial Middle Market Leader – FINEX, WTW

Moderator: Meg Green, Managing Editor, Insider Engage

Headaches, Stress and Sleeplessness:  D&O Dynamics in Today’s Market

How will new and emerging technologies impact insurers across Europe?

The insurance space has undergone intense technological change in recent years as a centuries-old industry adapts to rapidly evolving customer needs and a new competitive landscape. 

Join our panellists to learn how digital technology is transforming the insurance industry as it seeks to streamline operations, improve customer engagement and drive growth.  Learn how insurers can improve underwriting efficiency through automation and how new data sets can bring greater accuracy to pricing and risk transfer.  We will also examine how companies can improve the customer experience while also gaining a competitive advantage in this new environment.

 For who:
This webinar is targeted at all professionals within the European insurance sector.  Participation is free but subject to prior registration.

Why participate:
-- Learn about the digital resources and capabilities insurers need to compete today.
-- Find out how technology can facilitate and accelerate entry into new markets. 
-- Be updated on the latest regulatory challenges insurers face as they ‘go digital’. 
-- Understand ‘co-opetition’ as partners compete and collaborate simultaneously.

Speaker: 
Maren Josefs, Associate Director, Financial Services Group, EMEA, S&P Global Ratings
Magdalena Ramada, PhD, Senior Director,  InsurTech Innovation Leader - Willis Towers Watson’s Insurance Consulting and Technology
Paolo Cuomo, Director, Gallagher Re


Moderator – Ben Dyson, Insurance Reporter, S&P Global Market Intelligence

The Future of Insurance: AI, Automation & Digital Transformation in Europe

Property insurers underwrite homes and businesses based on geography, using zip codes, census blocks, or in some places, an entire county, to create a base rate. But within those territories, buildings may have a vastly different risk profile based on how close they are to wildfire zones, fire stations, or water sources.  Is it time for insurers to begin harnessing geospatial underwriting – the ability to rate an individual property based on its specific location? 

Join Insider Engage, in partnership with Guidewire, for a free webinar, 8 am PT, 11 am ET, 4 pm BT on April 13, as we explore the opportunities and challenges of using geospatial data to develop more accurate rates and maximize profitability.
Discussion questions include: 
--Overview of how properties are underwritten today
--Where underwriting territories fall short
--What geospatial tools are available to improve underwriting today
--What geospatial tools still need to be created
--What regulatory challenges do insurers face when moving to geospatial underwriting
--What is the future for geospatial rating

Speakers:
Tammy Nichols Schwartz, CPCU - Senior Director of Analytics & Data Solutions, Guidewire
Nickolas Alvarado, FCAS, Actuary - Property and Casualty Practice, Milliman
Darren Govender, Vice President – North America Market Lead, Analytics, Swiss Re

Moderator:
Meg Green, Managing Editor, Insider Engage

Eliminating Underwriting Territories: Is it Possible?

Whilst conditions in the market have changed dramatically since half-year 2022, FTI Consulting’s European Insurance M&A Barometer for 2022 shows that the dealmaking pace set last year has largely continued, setting new record volumes. While insurance transactions are not always officially announced, which may mean volumes are understated, 2022 witnessed a continued increase in European M&A activity in the insurance industry, with 435 deals announced compared to 379 in 2021 and 285 in 2020. As rising interest rates start to bite and debt financing becomes more expensive amidst the looming recession threat the opportunities for certain deals may start to narrow. Whether valuations reduce as a result remains to be seen. Despite prevailing conditions, high levels of ‘dry powder’ in the market, built up during the pandemic period from record fundraising rounds, continue to enable Private Equity funds and Private Equity-backed portfolio companies to deploy capital to suitable opportunities, albeit more cautiously.

Join Insider Engage, in partnership with FTI, as we discuss the M&A landscape in 2023 in a free webinar to be held on March 22nd, Wednesday. 3pm GMT.

Discussion questions include:  
1.  A review of the European Insurance M&A 2022 highlights
2.  Macro outlook and impact on deal activity and valuations
3.   US cross-border broker acquisitions and new wave of consolidation in Continental Europe
4.  Perspectives on the P&C legacy market
5.  The influence of Private Equity

Speakers:
• Rory O’Brien – Senior Managing Director, Co-Leader Global Insurance Services, FTI Consulting
• Herman Klein Wassink, Senior Advisor, Insurance M&A, FTI Consulting 
• Michele Titi-Cappelli, Partner, Goldman Sachs
• Ryan Brown – Deputy CEO, PIB Group
• Phil Bulgin - Chief Restructuring Officer, Zurich Insurance Group

Tailwinds or Headwinds for European Insurance M&A - A View from the Top

Following on from our December event on how to win the war for talent, our next Insider Progress hones in on a key generation needed to succeed: the mature workforce.
The London market and the wider (re)insurance industry has an ageing workforce. Over the past twenty years, in the UK more widely the employment rate for people aged 50 to 64 along has risen from 56% in 1993 to 73% at the start of 2020.

Join Insider Progress, in partnership with AIG, Arch, and EY at 3:00 PM GMT/10:00 AM EST on February 23, 2023 for a free webinar where we will discuss how the market can empower its older employees and make the most of their experience and expertise. 

Discussion points include:
• Tackling unconscious age bias in the industry
• Supporting 'Generation Experience' as an employer – the differing needs of a mature workforce
• Age-friendly recruitment – do current practices need an overhaul?
• The success of returner programmes for older candidates

Speakers:
Barbara Schonhofer MBE, Founding Partner, Harlschon
Sally Bucknell, Director - 'Future of Work’ function, EY
Dr Emily Andrews, Deputy Director for Work, Center for Aging.
Kirsten Valder, Chief Administrative Officer, Arch

Moderator:
Rachel Dalton, Senior Reporter, Insurance Insider

Age Inclusivity and Empowering a Mature Workforce

Pricing, Capacity and Recession: 1/1 Renewals Aftermath

Wildfire, Wind & Rain: Insurers Bracing For Cat Season

Can Cat Models Catch Up with Climate Change and Inflation?

2022 Life Insurance Market Outlook: The View from the C-Suite

Insights into the Re/Insurance Frontier - in partnership with KBRA

The re/insurance industry has enjoyed many years of “cheap” capital, but those days are gone. Rising interest rates and lower valuations are putting pressure on re/insurers to improve their returns or face restricted access to capital markets. Join Insider Engage, in partnership with KBRA, for a compelling webinar, 10:30 a.m., Wednesday, May 10, as we explore how the re/insurance industry must find ways to maintain balance sheets to support business growth.
Discussion questions include:
--How rising interest rates are impacting how re/insurers are viewed by the private and public markets
--How the growth of expansion of direct asset manager investments in the re/insurance industry might impact the market
--The impact on mergers & acquisitions from a rising cost of capital
--Potential challenges to insurance-linked securities
--The important role that capital management plays in a company’s credit rating
Panel:
Peter Giacone, Senior Managing Director, KBRA
Andy Marcell, CEO, AON Reinsurance Solutions
Jerry Theodorou, Director, Finance, Insurance and Trade Policy Program, R Street
Stuart McMurdo, CEO of Reinsurance for SCOR’s Property & Casualty (P&C) division

Moderator: Meg Green, Managing Editor, Insider Engage

Re/Insurance Balance Sheets Under Fire

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Re/Insurance Balance Sheets Under Fire

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