Shazia Azim

If you want to know about the current and future landscape of Enhanced Underwriting in the Lloyd's Market, this report launched today at Lloyd's is for you. Based on interviewing 85 CEOs, CUOs, COOs and others at 55 carriers, brokers, MGAs, capital providers and market platforms (capturing 77% of GWP at Lloyd's), it is the most comprehensive view of the market. Important insights include: 1. Enhanced UW represents c.$5bn in premium (7% of total) 2. Market participants *all* expect significant growth in the next 5-10 years 3. Supporters and detractors are not as far as they might seem 4. There are 4 distinct models of enhanced UW laid out (augmented UW, pure algorithmic UW, digital & algorithmic broker facilities, active portfolio trackers) 5. Enhanced UW is a driver of market bifurcation The panel for the report - commissioned by the Lloyd's Market Association - included: - Sheila Cameron, CEO, Lloyd's Market Association - Charles Mathias, Deputy Chairman and Group Executive Director, The Fidelis Partnership - Dan Hearsum, Managing Director, Ki Insurance - Emma Bennett, Delegated Underwriting Performance Manager, Lloyd's - Kevin Shallow, Executive Director, International Markets, QBE Insurance Moderated by Greg Brown, with an introduction and concluding remarks by Elizabeth Jenkin. Link here: https://lnkd.in/efzVK9uW

20

In 2024 the UK still does not have a well defined Industrial Strategy! But a new report out from @PwC_UK - which surveyed over 1200 of the UK's senior business decision-makers and interviewed more than 60 business leaders - is set to address that. Find out what it says here and get in touch if you'd like to know more. #IndustrialStrategy

11

1 Comment

In 2024 the UK still does not have a well defined Industrial Strategy! But a new report out from @PwC_UK - which surveyed over 1200 of the UK's senior business decision-makers and interviewed more than 60 business leaders - is set to address that. Find out what it says here and get in touch if you'd like to know more. #IndustrialStrategy

1

In 2024 the UK still does not have a well defined Industrial Strategy! But a new report out from @PwC_UK - which surveyed over 1200 of the UK's senior business decision-makers and interviewed more than 60 business leaders - is set to address that. Find out what it says here and get in touch if you'd like to know more. #IndustrialStrategy

1

How to tackle the complexities in processes and systems built up after years of new #reporting 📊 requirements? To find out more on transforming the actuarial function - express your interest to join our webinar on 25 September 👉 https://lnkd.in/ez8p5Ggg #Insurance #technology #finance

4

Many industries talk about transforming, but Insurance COOs are driving a genuine new landscape for their customers and firms 🚀 Our Insurance COO Survey survey shows how the Chief Operating Officer role has changed beyond recognition in 10 years. They are central to enabling (re)insurers and brokers to better protect society and business. ☂️ We found that more than 80% of COOs now lead change and transformation, with the majority also leading their firm's tech and digital capabilities, and increasingly leading all critical operational activities. 👇 Read our research for more insights and thanks to all of the COOs who shared their views. Andy Worth Charlotte Apperley Holly Cleland Emily Baylis #Insurance #eyfinancialservices #COOsurvey

8

FACT: Half of surveyed EMEA banks and insurers use AI/ML modelling techniques, but face transparency issues. Curious to further discover recent developments in Model Risk Management? Deloitte surveyed over 120 banks and insurers from EMEA.

7

💡 Get an insider's perspective on the future of European insurers with a conversation between EY EMEIA Financial Services Insurance Leader, Phil Vermeulen, Zurich Insurance Group’s EMEA CEO, Alison Martin, and Swiss Re's Global CEO for Property and Casualty, Urs Baertschi. They explore the potential of AI, discuss the impact of climate change, and ways to close the global protection gap and how insurers can adapt to customer expectations in a world growing more digital by the day. 👉Watch the full video. #EYInsurance #InsuranceTrends #Insurance

1

Climate change ranks as the top risk for citizens globally – above geopolitics, AI and financial concerns. Interesting to see from AXA’s future Risk Report 2024 https://lnkd.in/esHZtfRB of 20,000 people - more and more feel personally affected. Reminds us that this is truly a priority that people demand solutions for - even when there seem to be ‘say do’ gaps between the concern and the ability people feel to act on tackling climate change, that isn’t a reason to neglect the issue, but to work harder to find other solutions. We don’t say geopolitics, AI, or financial stability don’t matter just because consumer purchase patterns aren’t always aligned to solve them, so we shouldn’t use this as an excuse not to act on climate. #climatechange #sustainability #AI

6

Translating the importance of sustainability for the board is key to delivering on climate commitments and driving competitive advantage. Read PwC UK's article to explore actions sustainability leaders can take to elevate the importance of sustainability at board level: https://pwc.to/3RIzMCU #Sustainability #SustainabilityReporting #LCAW2024

3

Translating the importance of sustainability for the board is key to delivering on climate commitments and driving competitive advantage. Read PwC UK's article to explore actions sustainability leaders can take to elevate the importance of sustainability at board level: https://pwc.to/3RIzMCU #Sustainability #SustainabilityReporting #LCAW2024

2

#Sustainability disclosure standards require insurers to estimate #claims emissions — among other impact.   Oliver Wyman’s article explores considerations for integrating sustainability into claims strategy. Read more > https://owy.mn/3QItqmz #ReinventingInsurance #InsuranceAndSustainability #ClaimsManagement

5