June 14th, 2017

Marsh & McLennan Encourages the Industry’s Next Generation to Embrace Opportunities Created by Change

Posted at 2:28 AM ET

Marsh & McLennan Companies, Inc.’s Young Professionals’ Global Forum 2017 opened in London today, with over 600 delegates attending the two-day event to hear from leading executives about the opportunities created by transformational changes impacting the insurance industry. Launched in 2013, this is the third year that MMC has sponsored this event which brings together insurance executives and the industry’s rising professionals. The Forum will culminate with a Gala Night celebrating the insurance industry’s extraordinary talent. All proceeds from the event will be donated to Teenage Cancer Trust.

Commenting on the event, Dan Glaser, President and CEO of Marsh & McLennan Companies, said: “The Young Professionals’ Global Forum is an important event that brings together insurance leaders with the rising professionals who will lead our industry in the future. Our industry is in a period of profound change, and Marsh & McLennan is honored to host this Forum, which engages and empowers the next generation of leaders.”

Over the next two days, young professionals from more than 70 organizations across the international (re)insurance market will glean insights and perspectives from an impressive group of speakers. Spanning the insurance sector and other industries, speakers include: Right Honourable Nick Clegg, former UK Deputy Prime Minister; Bruce Carnegie-Brown, Chairman of Lloyd’s; Evan G. Greenberg, Chairman and CEO of Chubb Limited/Chubb Group and Joshua Motta, Co-Founder and CEO of Coalition.

A dozen presentations will cover critical market challenges, including: the implications of Brexit, the impact of climate change, disruptive innovation trends and cyber risk. Speakers will also explore the future of the insurance industry and examine the role of the sector as a catalyst for development.

Addressing the event’s theme of disruption in his opening address, Alex Moczarski, Chairman of Marsh & McLennan Companies International, told attendees: “The multiple disruptive forces which are converging on our world today are driving change at an unprecedented rate across virtually every aspect of our day-to-day lives. Our industry plays a critical role in enabling society not only to manage the impact of this change, but to push forward to capitalize on the opportunities that this new reality creates.”

Victoria Carter, Vice Chairman of Global Strategic Advisory at Guy Carpenter, and Chairman of the Young Professionals’ Initiative, said: “This is the third year that MMC has hosted the Young Professionals’ Global Forum and the event continues to attract a wide range of current and future insurance sector leaders. Our ability to foster the outstanding talent we have across our industry is vital to ensuring that we can thrive and deliver increased value for our clients. While new technologies, product innovation, analytical capabilities and enhanced process efficiency will improve our offering, it will be practitioners like those here today who will shape this exciting future.”

Setting the tone for the Forum, Moczarski encouraged attendees to embrace this moment of opportunity: “As the future leaders of our industry, you will be central to our ability to embrace this transformation and ensure we remain fully relevant to our clients. You will help drive the innovation and adaptation required to keep pace with these forces. You will take us into new areas of growth and open-up previously unrecognized potential. You will challenge the status quo and help redefine our industry for a new age.”

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