Global threats facing the insurance industry

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 four biggest risks have not changed for a while now – cyber, regulation, climate change and technology. The sector appears to be rather relaxed regarding corporate governance but the failure to attract and retain the right talent is now rated in the top five risks. Will the wider impact of macro-economic factors continue to impact in terms of coverage, price/value and overall service delivery?

This will be an interactive and wide-ranging talk and those attending will be actively encouraged to contribute with their own experiences. 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 talk you will gain an overview of:-

• The key risks facing UK insurers and brokers;
• What can be done to effectively respond to these risks;
• How can firms manage the regulatory onslaught in particular;
• Artificial intelligence – is this a threat or an opportunity.

Speaker bio

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 over 200+ events to more than 15,000 insurance professionals and feedback has been superb!

To view our image and video capture consent statement, please click here.