Insurance Uncut

This week we are talking to Natasha Anning, CEO of the Medical Indemnity Protection Society Ltd (MIPS) and the insurer MIPSi. Natasha shares some great insights on the unique challenges of running a successful medical defence organisation, on med-mal trends and on leadership. We discuss: • Key developments in the med-mal market including differences between the UK and Australia. • What does a succ...

This week we are talking to Stuart McDonald MBE, Partner at LCP, about what we’ve learned from the COVID-19 pandemic a few years on and how prepared we are for the next health crisis. We discuss: • Stuart’s groundbreaking work with the IFoA COVID-19 Actuaries Response Group. • The long term impacts from COVID-19 and how well the UK is prepared for the next pandemic. • Anti-microbial resistance and...

This week we are talking to Rupesh Bhudia, Head of Pricing for Crisis Management at Hiscox, about geopolitical risks. Rupesh has some great insights into the latest market trends and how actuaries can add value in an area where data isn’t abundant. We discuss: • What are the major geopolitical trends impacting the insurance market? • How do you monitor and manage geopolitical risks in practice? •...

This week we are talking to the ‘Salary Guy’ Michael Stefan about recruitment, retention and diversity. Michael is a partner at Hanover Executive Search and is the leading publisher of salary research data for actuaries and risk professionals in the general insurance market. We discuss: • The latest hybrid working trends. • What the stats say about how well gender diversity is being addressed with...

This week Richard York-Weaving, one of LCP’s motor experts, tells us about key trends affecting the UK motor market, including insights from our annual motor survey. We discuss: • How is inflation impacting motor claims? • How are insurers trying to stay competitive in the face of uncertainty from the whiplash reforms, Ogden rate changes and the FCA pricing reforms? • How might electric and self-d...

This week we are discussing liability exposure management with Ramiz Mohamed who is Head of Casualty Exposure Management at Hiscox and chair of the new IFoA working party on liability exposure management. We discuss: • The differences between liability and property exposure management. • What are the key challenges and techniques used within liability exposure management? • Deep dives into social...

This week Zoe Burdo, LCP’s expert on behavioural science, returns to the podcast and we look at how general insurers can improve their decision making. We discuss: • Differences between unconscious bias and behavioural bias • What role NEDs have in helping firms to manage bias • Practical tools for managing bias, including using self-assessment as a starting point for improving decision making

This week we are talking to Russ Bowdrey from Ortec Finance and Lara Palmer from LCP about climate change risk. Having Russ and Lara with us means we cover both how climate modelling works and what insurers should be doing on climate change risk now. We discuss: • Why it is important for insurers to be acting now on climate change • How is climate change modelled and what insurers might be able to...

To kick off season 3 we are discussing cyber risk with Simon Cartagena. Simon is Deputy CRO for SCOR UK, soon to become CRO of Cincinnati Global Underwriting in London and on the actuarial profession’s cyber risk investigation working party. We discuss: • How the war in Ukraine impacted cyber risk in 2022 and what new cyber risks have emerged from the conflict. • What more we should be doing to re...

In the final episode of Season 2, we look back on our key learnings from 2022 and what we are looking out for in 2023. We discuss: • Dealing with inflation – are we there yet? • Better together - how we work and communicate with colleagues and where we can improve. • ESG – will this come off the back-burner in 2023? • Geo-political climate – what has 2022 taught us and what might be coming up.

This week we delve into the world of football analytics ahead of the 2022 World Cup. We are talking to Ashley Mould and Bart Huby who lead LCP’s football analytics practice about how they are using mathematical techniques to help clubs predict players’ future performance and unearth hidden talent. We discuss: • The maths behind TransferLab – a tool to help clubs and players when making transfer de...

This week Charl and Jessica are talking to Junaid Seria, Head of Analytics and Governance at Scor P&C, about Hurricane Ian and the longer-term trends in catastrophes. We discuss: • What is the latest on Hurricane Ian? • The rise in mid-size catastrophes and what impact this may have on the market. • How climate change and inflation are affecting catastrophe claims.

This week we welcome Jinita Shah, host of LCP’s ‘Breaking the glass ceiling’ event, to discuss how we can support more women in reaching the board and the C-suite within the general insurance market. We discuss: • What are the biggest barriers women face in their career progression? • Tips on how you can break your glass ceiling. • Three key audience questions from the event.

This week we welcome back Ed Harrison to discuss the UK government’s plans for dismantling Solvency II. We discuss: • How repealing Solvency II rules might work in practice • Key issues relating to Solvency II equivalence • Impacts on insurers of the economic disruption triggered by the recent mini-budget

This week we talk to Lydia Savill, Counsel at Hogan Lovells, to get the inside track on litigation trends affecting the insurance industry. We discuss: • Litigation on climate change, wider ESG issues and greenwashing – the types of claims, who’s bringing them and who is exposed. • The litigation funding industry and how this influences the risks for insurers. • Pros and cons of different dispute...

This week we are talking to Matt Paterson, founder of Silverbeam Consulting and previously Head of Liability Claims (specialising in Bodily Injury, Credit Hire, Fraud and Telematics) at Admiral, about the past, present and future of UK Motor claims. We discuss: • The impacts of the whiplash reforms and FCA pricing reforms. • Current motor market trends: inflation, claims prevention and the repair...

This week we talk to the hosts of Investment Uncut, Mary Spencer and Dan Mikulskis, about three key hot topics in investments right now for insurers. We discuss: • Inflation – why have the forecasts been wrong and what is the impact on investments? • Russian invasion of Ukraine – what are the first and second order impacts? • Environmental, Social and Governance – what are investors doing on ESG r...

This week we talk to Philippa King, Senior Actuarial Manager at Ageas, about transformation projects in the insurance industry. We discuss: • Practical lessons from implementing IFRS 17 • How to transform your teams to get the best out of them and make them happier • Why insurers will need to get better at transformation to stay competitive

This week we talk to the Nick Betteridge, Group Chief Actuary at Canopius, about how the underwriting strategy process for insurers is evolving. We discuss questions including: • How insurers’ strategies are changing, including the role of data, technology and algorithmic strategies. • The importance of culture (in particular Diversity and Inclusion) for achieving strategic goals. • How geopolitic...

This week we talk to the founders of InsurX, Gilbert Harrap & Will Iles, about data-driven underwriting and how it is changing the insurance market. We discuss questions including: • What is data-driven underwriting and what different forms can it take? • Are “star underwriters” are a thing of the past or has their time truly come? • What lessons can the insurance market take from other industries...

In our special bonus episode this week, Jessica sits down with Tom Durkin and Cat Drummond to discuss how LCP’s InsurSight Predict platform will transform reserving for insurers.

This week we talk to Rob Jarvis, Head of Enterprise Risk Management at Tokio Marine Kiln, about how the risk function plays a key role in “joining the dots” to help insurance firms perform better. We discuss: • Why we are in a ‘golden age’ for risk management. • How has the role of the risk function evolved and how will it change going forward? • Where the risk function can add the most value.

This week we welcome back Ed Harrison to explore the seismic shifts in inflation and how best practice for insurers is changing, even compared to our previous chat with Ed in November 2021. We discuss: • Latest inflation expectations and how the markets keep getting it wrong. • How our biases can influence how we deal with future inflation. • Practical tips for insurers, including how to challenge...

Nick Line, Chief Underwriting Officer at Markel, joins us to discuss “the underwriter of the future”. General insurers ultimately live and die by the performance of their underwriters, so how can firms use the latest tech and analytics advances while keeping the ‘secret sauce’ that makes a great underwriter? We discuss: • What does the underwriter of the future look like? • How will firms gain and...

This week we catch up with LCP partner and energy expert Rajiv Gogna. Given the myriad links between energy and insurance, and the unprecedented disruption in energy markets, this is a must listen for anyone in the insurance market who wants to get up to speed in this area. We discuss: • What happens when you switch on a plug? • The new UK energy strategy and what new technologies we can expect to...