Insurance Uncut

This week we talk to Bronek Masojada, Sheriff of the City of London, Chair of SiriusPoint and NED at Brown & Brown Insurance. Bronek was formerly Chief Executive of Hiscox for 28 years. We discuss: • How the Chief Executive role has evolved over time. • Key challenges for the insurance industry • How the Sheriffs and others promote London as an insurance hub • What’s the secret to a successful rel...

This week we talk to Dame Susan Langley. Sue is a Sheriff of the City of London, Non-executive Chair of Gallagher UK and previously Lead Non-Executive Director for the UK Home Office. We discuss: • The role of the Sheriff and how Sue came into the role • Sue’s experience with the Home Office, including working with 5 different Home Secretaries. • Sue’s top tips for developing a successful career i...

This week we talk to Cat Drummond, Partner at LCP, about reserving transformation. We discuss: • What does a great reserving process look like in 2024? • Some initial insights from Cat’s global deep dive into reserving and transformation. • Top tips for making a reserving transformation project successful.

This week we talk to Simon Kaye, Global Director of Reinsurance at NorthStandard, about what makes P&I clubs unique. We discuss: • An overview of P&I clubs • What could the wider insurance market learn from P&I clubs? • What have been the key factors in making the merger between the North and Standard clubs a success? • The impact of changes to geo-political risk and climate change to the world of...

This week we talk to Charlotte Jones, CFO of Aviva. We discuss: • Being part of the transformational journey that Aviva has been on. • What are the current challenges facing insurance CFOs? • The importance of creating the right organisational culture. • Insights from Charlotte’s career journey.

This week we talk to Matt Byrne, Head of Actuarial Function at NFU Mutual, about AI and what practical next steps insurers should be looking to take. We discuss: • What tools and products are available to help you utilise AI and machine learning • How actuaries are well placed to help with the implementation of AI across the business • Key learnings from using AI and some of the current limitation...

This week we talk to Anton Ossip, Chief Claims Officer at esure, about innovation within personal lines business. We discuss: • Previous role as CEO of Discovery Insure and the mindset needed to drive innovation. • Developing products and solutions to help reduce claims. • What is stopping innovation within the UK personal lines market? • How insurers can make use of AI within the claims process.

This week we talk to Rafaela Fakhre, Associate Director at Eames Consulting, and Wendy Kriz Evans, Principal at LCP, about key learnings from their report on optimising capital model validation resourcing. We discuss: • Actions firms can take now ahead of the 2024 capital model validation season. • Is there still a demand shortage for actuarial roles across the market? • Hot topics for capital and...

This week we talk to Laura Hobern, Partner at LCP, about key learnings from the 2023 year-end and what to look out for in 2024. We discuss: • What is driving the recent casualty reserve deteriorations across the market? • Is the market doing enough on inflation, in particular social inflation? • Insights from LCP’s recent market benchmarking • What are some of the issues at the top of the board’s...

This week we talk to Chelsey Sprong, Head of Social Impact at Beazley, and Jinita Shah, Partner at LCP, about diversity, equity and inclusion in the insurance market. We discuss: • Pros and cons of using quotas to help improve female representation at senior levels • The FCA and PRA consultations on diversity and inclusion in the financial sector • What firms can be doing on the ‘S’ in ESG and how...

This week we talk to Seema Bradbury, CRO of Asta, and Ed Harrison, Principal at LCP, about what the risk function of the future will look like and how we can get there.

This week on Insurance Uncut Jess catches up with Katie Saunders and Richard York-Weaving, two of LCP’s motor insurance experts, about the latest trends and their recent market survey. They discuss: • What is driving the increase in motor premiums? • What are the underlying factors driving higher inflation in the motor space? • Expectations for the forthcoming review of the Ogden rate. • The lates...

This week on Insurance Uncut we talk to Tom Clementi, CEO of Pool Re, about: • How Pool Re works and the critical role it plays in protecting against the impacts of terrorism • How Pool Re is evolving as the risk landscape changes • How public/private risk pooling partnerships could further bolster national resilience in the future

This week Mel Tam, Senior Consultant at LCP, tells us about her time as a Claims Actuary and what we can learn from the actuarial work being done in Australia. We discuss: • What the role of a claims actuary is and how it can add value • What can UK actuaries learn from Australian actuaries? • What is an unconference? • Mel’s role as a Board Trustee for Mind in Enfield and Barnet.

Insurance Uncut went on the road to Edinburgh for the actuarial profession’s 50th GIRO general insurance conference. The final episode in this mini-series is with Laura Curtis, Chair of the IFoA General Insurance Lifelong Learning Committee, responsible for organising GIRO. We discuss: - Reflections from GIRO. - Tips if you are looking to get more involved in the IFoA and its research activities....

Insurance Uncut went on the road to Edinburgh for the actuarial profession’s 50th GIRO general insurance conference. From the last day of GIRO 2023, we bring you conversations with three great guests. We chat to: - Declan Lavelle, LCP partner and immediate past president of the Society of Actuaries in Ireland, on key developments in the regulatory regime in Ireland. - Helen Cooper, CRO at esure an...

Insurance Uncut went on the road to Edinburgh for the actuarial profession’s 50th GIRO general insurance conference. From the afternoon of day two of GIRO 2023, we bring you four great conversations. We chat to: - Isabelle Williams, Oli Grossman and Joanna Thornett from LCP about their talk ‘Zero to hero: can we build a capital model in an open-source framework, from scratch, using ChatGPT?’ - Rac...

Insurance Uncut went on the road to Edinburgh for the actuarial profession’s 50th GIRO general insurance conference. From the morning of day two of GIRO 2023, we bring you three great conversations. We chat to: - Visesh Gosrani, Director Catastrophe Modelling at Cowbell Cyber, about his hot topic talk looking at the risk and opportunities of AI technology. - Erin Bargate, Head of Casualty Pricing...

Insurance Uncut went on the road to Edinburgh for the actuarial profession’s 50th GIRO general insurance conference. From day 1 of GIRO 2023 have three great conversations to bring you: • The IFoA Present, Kalpana Shah, about her aims for her presidency and key themes at the conferences. • Laura Evans, Chief Actuary at Flood Re, who gave us the highlights from the two talks she is giving at the co...

To start season 4 we are excited to be taking Insurance Uncut on the road. We are off to Edinburgh for the actuarial profession’s 50th GIRO general insurance conference. We will be bringing you several episodes this week from the conference, catching up with speakers and soaking up the atmosphere. To kick us off we are chatting to Ed Harrison who is on the GIRO organising committee to give us the...

This week we are talking to Andy Bord, CEO of Flood Re, about how the specialist reinsurer is achieving its goals and about being an effective CEO. We discuss: • What problems Flood Re is helping to solve. • How Flood Re is approaching climate change risk. • Managing stakeholders across the spectrum of flood risk. • How to create a positive organisational culture.

This week we are talking to Ronald Richman about current challenges for Chief Actuary’s. Ronald is Chief Actuary at Old Mutual Insure as well as being Vice Chair and Member of the Actuarial Studies In Non-life insurance Board at International Actuarial Association and Chair of the Climate change Practicing area committee for the Actuarial Society of South Africa. We discuss: • Discrimination-free...

This week we are talking to Kathryn Morgan, a Non-Executive Director (NED) for four insurance firms. With her previous experience as an actuary and a regulator, Kathryn offers a unique and insightful perspective on what’s occupying the minds of insurance NEDs today. We discuss: • Kathryn's personal journey towards becoming a NED and the potential paths others can take. • Promoting diversity and in...

This week we are delighted to introduce LCP’s new podcast, Beyond Curious with LCP. On this episode, hosts Laura Amin and Charl Cronje talk to Tom Porter about how CEOs can embrace AI and ensure that their organisations stay competitive and relevant. Tom is LCP’s Strategy Director and is leading our journey to embrace AI effectively across the firm.

This week we are talking to Lisa Balboa, Head of Life & Health Digital Business Accelerator at Hannover Re. Lisa shares her insights on how insurers are using wearables and other technology to encourage healthier lifestyles. We also talk about the work of the actuarial profession’s Mental Health Working Party. We discuss: • The potential of wearables to enhance insurance cover. • How generative AI...