The Insurer

Extremely proud of our entire team at The Insurer for hosting a fantastic inaugural Parametric Insurer Awards earlier this week at Landing Forty Two, gathering over 170 industry professionals to celebrate innovation and excellence in the market. As Chris Lee – one of our esteemed members of the judging panel – aptly put it, this event felt like a "Christening of an industry" and a coming-of-age moment for parametric insurance. It was truly inspiring to witness so many talented individuals coming together to share their insights and visions for the future. The energy in the room was electric! In case you've missed it, you can view the winners here: https://lnkd.in/e9Tg8Eph Congratulations to all the winners and nominees! And a heartfelt thank you to everyone who attended, supported, and contributed to making this event such a success. See you next year! Augment Risk | CelsiusPro | Descartes Underwriting | Howden | NormanMax Insurance Holdings, Inc | Parametrix | Skyline Partners | Weather Risk Management Association (WRMA) Henry Gale Spencer Halladey Isabelle Brooker Teresa Reister Sophie Roberts #ParametricInsurerEvent #ParametricInsurer #insurance #reinsurance #parametricinsurance

The Friday recap returns… get your glimpse into what’s been happening this week on The Insurer TV! FERMA At the Federation of European Risk Management Associations’ (Ferma) Forum 2024 in Madrid Armilla AI’s Karthik Ramakrishnan noted that AI-related risks do not generally fall under traditional cyber policies, while it remains ambiguous as to whether errors and omissions (E&O) policies would cover AI risks. Serene Davis, global head of cyber at QBE Insurance, and Gamze Konyar, head of cyber and SVP at Marsh Europe, told The Insurer TV they expect the softening in the European cyber market to decelerate in 2025 and for dynamics to align more with the US market. Corporate insurance buyers across Europe are increasingly turning to parametric solutions as risk managers’ understanding of the type of solutions available continues to grow, according to Marsh’s Rocio Pereira Fernandez, Berkshire Hathaway Specialty Insurance’s Akshay Gupta in a panel hosted Henry Gale of The Insurer TV. TMPAA VIPR Ltd Solutions chief executive officer Paul Templar discusses onboarding new programs, the evolution of bordereaux management, and artificial intelligence in an exclusive interview with Kamaron Leach. “The ultimate goal in claims and in insurance altogether is to take care of the customer,” Ryan Stokes, vice president of business development claims at Xceedance, told The Insurer TV. While some industry players anticipate increased scrutiny as a hamper on revenue and bottom lines, Stokes views it otherwise. FILMED THIS WEEK In an interview with Paul Walsh Guy Carpenter’s Tony Gallagher discusses market dynamics and conditions in the APAC region, how the protection gap has intensified and opportunities for Guy Carpenter in Asia in 2025. In another interview with The Hartford’s Lyanne St. Denis with Kamaron Leach discussing on property market expectations, keeping up with the pace of changing risk, and generative artificial intelligence. Over in New York Kamaron Leach spoke with Michael Garrison, head of wholesale at Navigators, a brand of The Hartford, for a chat about growth of the Navigators business, overcoming integration challenges and what’s to come for the industry’s next generation of talent. This content + more coming soon to your screens. #FridayRecap #insurance #reinsurance #insurancenews #reinsurancenews

Connect with us at next week's 20th Singapore International Reinsurance Conference being held at the Level 3 Sands Expo & Convention Centre at the iconic Marina Bay Sands. We'll be providing news coverage from each day on the ground and networking with our APAC community. Come and say hi at the newsstand! Spots can still be secured for the 2024 event. Click here to register https://lnkd.in/grsQbmSQ Scott Vincent Andy Stone Isabelle Brooker #20SIRC #SIRC #RevolutionizeReinsurance #SRA #SIRC2024

EXCLUSIVE: The Lloyd’s Market Association has vowed to remain a “critical friend” of Lloyd’s in its drive to implement Blueprint Two after relations became strained following a disagreement between the influential trade body and market CEO John Neal... https://lnkd.in/gWbYU_V9 #LondonMarket #technology #insurance #reinsurance

📖 Program Manager: October 2024 edition Hello and welcome to a packed October edition of Program Manager which includes exclusive content, interviews and extensive coverage from last week’s Target Markets Program Administrators Association Annual Summit. Our lead this month reflects on some of the key themes that emerged from the Target Markets event. Topics of discussion included trading conditions within the broader property and casualty market, their impact on the specialist programs and MGA sector, and insurer and reinsurer appetite to support the space. Download here – only available to subscribers 👇 https://lnkd.in/eDkPGZZB In this month's edition, we speak with: ✅ Bridgehaven Insurance, Paul Jewell ✅ Honeycomb Insurance, Itai Ben-Zaken ✅ Xceedance, Michael Parcelli, MS, CPCU, ARM, CRIS, PMP, LSSGB And much more... Get in touch with Christopher Munro for story ideas, scoops and market intelligence: 📩 [email protected] Our partners 🤝 AM Best | CRC Insurance Services | Euclid Program Managers | Munich Re | One80 Intermediaries | Ryan Specialty | State National Companies (SNC) | Target Markets Program Administrators Association (TMPAA) | Nationwide | Markel | Xceedance #ProgramManager #insurance #reinsurance #mga #mgu #programsector #insurancenews

"It takes a village to grow the parametric market together" - Winner of the 2024 Parametric Insurer Awards Outstanding Contributor of the Year, Martin Hotz, Swiss Re Corporate Solutions. Congratulations Martin and the team at Swiss Re! #parametricinsurerevent #parametricinsurer #parametric #alternativerisktransfer #indexbasedsolutions

WINNERS | PARAMETRIC INSURER AWARDS 2024 Aon - Parametric Broking Company of the Year Liberty Mutual Reinsurance - Parametric (Re)Insurer of the Year Descartes Underwriting - Parametric MGA of the Year Skyline Partners - Solution provider of the Year Aon Parametric Solution for the Government of Puerto Rico and FEMA - Innovation in Parametrics (Weather and nat cat - public sector) The Demex Group Parametric Reinsurance Solution for Secondary Perils - Innovation in Parametrics (Weather and nat cat - private sector) Munich Reinsurance Company, African Risk Capacity, Frankfurt School of Finance, West African - Innovation in Parametrics (beyond weather and nat cat) Alice Glenister MSc ACII, Miller Insurance Services LLP - Parametric Broker of the Year Jason Hartell, Global Parametrics (a CelsiusPro Group company) - Parametric Underwriter of the Year Francesca Finucane, NormanMax Insurance Solutions - Parametric Rising Star of the Year Martin Hotz, Swiss Re Corporate Solutions - Outstanding Contributor of the Year Congratulations to our winners at our first Parametric Insurer Awards. See you all next year! Hosted by The Insurer's Henry Gale and Sophie Roberts Reuters Events #ParametricInsurerEvent #ParametricInsurer #parametrics #alternativerisktransfer #indexbasedsolutions

RESULTS: Shares in Root Inc. surged by nearly 70 percent in after-hours trading after the Ohio-based auto insurtech reported its first quarter of net income profitability and is on track to be profitable on a net income basis for the full-year in 2024... https://lnkd.in/eRcWfE8a #insurance #insurancenews #auto #insurtech #profitability

EXCLUSIVE: Travelers’ president of middle market Scott Higgins who was also a member of the carrier’s management and operating committees has left after over three decades with the US insurance giant... https://lnkd.in/ei-t2QF7 #insurance #insurancenews #businessinsurance #admitted #middlemarket

PARAMETRIC CONFERENCE 2024 Over 300 senior parametric and alternative risk transfer industry executives gathered this morning at WTW's London Auditorium to hear from our expert panelists at the inaugural Parametric Insurer Conference. Thanks again to our keynote speaker Rowan Douglas CBE from Howden, panel hosts Adrian Leonard and Henry Gale and to our panelists: Liberty Mutual Insurance's Victor Bouton Chaucer Group's Edward Byrns Jr, Strategic Risk Solutions' Loredana Mazzoleni Neglén Descartes Underwriting's Sebastien Piguet WTW's Claire Wilkinson Global Parametrics' Angus Kirk NormanMax Insurance Solutions' Brad Meier Generali Global Corporate & Commercial's Michele Pignoli Augment Risk's Paul R. Thank you to our event sponsors Augment Risk CelsiusPro Descartes Underwriting Howden NormanMax Insurance Solutions Parametrix Skyline Partners Weather Risk Management Association (WRMA) #ParametricInsurerEvent #ParametricInsurer #Parametric #AlternativeRiskTransfer #IndexBasedSolution