Global threats facing the insurance industry
>> Event Overview
What are the global threats facing the insurance industry right now and how are these impacting UK insurers and brokers?
Today war, weather extremes and the cost of living crisis dominate public debate but the sector faces critical risks – cyber/AI/tech, regulation, climate change and human talent. Can the insurance sector effectively tackle any of them? Cyber is in the news all the time with companies and government on the lookout for massive show stoppers including potential catastrophic interference with our democratic processes. In addition, with half of us due to retire within the next 15 years, why is there a failure to attract and retain the right talent and what can we and the CII do about it? Finally, it is also clear that insurers simply can’t underwrite the effects of climate change, so what will then happen?
This will be an interactive and wide-ranging talk and those attending will be actively encouraged to contribute with their own experiences and views. We will look at the differences in responses between insurers and brokers with brokers considering business conduct more of a concern than insurers.
>> Learning Objectives
By the end of this session, you will gain an overview of:
- The key risks facing UK insurers and brokers:-
- What, if anything, can be done to effectively respond to these risks?
- What can the insurance industry do to attract younger human talent?
- Artificial intelligence – is this a threat or an opportunity?
>> Speaker Biography
Branko Bjelobaba FCII
I started my insurance career in 1987 and have worked across the sector including stints at PwC and GISC and have led my own consultancy practice since 2004 working closely with BIBA and the CII and have provided hundreds of well-received (even entertaining…) talks. I am a recipient of the CII’s Bridgewater Award for Exceptional Service, the Thomson Reuters Compliance Personality of the Year Award, the London Market People Award for Legal and Compliance and was Highly Commended in the CII Public Trust Awards in 2021. I am proud to judge various insurance awards and am a respected and sought after industry commentator who is widely quoted by the insurance press.
I have been a regular speaker at virtually all of the CII’s local institutes and since the world went virtual I have provided hundreds of events to thousands and thousands of insurance professionals and feedback has been superb:-
Branko's legendary presenting style was as engaging as ever; all were hot topics very relevant to the insurance world.
Excellent presentation, once again from Branko. Albeit insurance is his forte, he could give a presentation on any subject - cakes, cars, nightclubs, etc, and still make it interesting and informative.
Branko remains at the forefront of the Cheltenham & Gloucester CPD programme and is one of our most admired and highest rated speakers. His understanding, drive and commitment in educating our members across difficult and complex areas including compliance, regulation and FCA rulings is second to none.” Simon McGill, Education Lead.
Venue
- Online
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CII Accredited
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
1 hour's CPD can be claimed for this event if relevant to your learning and development needs.
It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.