John Doyle, President of Marsh LLC, called upon delegates at the MMC Young Professionals’ Global Forum to take advantage of the multiple opportunities in the current environment which he called the “Age of the Client.”
Josh Camire, Managing Director of ExO Advisors, opened his presentation with the alarming prediction that 40 percent of today’s Fortune 500 companies will cease to exist in 10 years - primarily due to technological disruption.
The insurance industry will be profoundly disrupted by technological change, Vincent J. Dowling Jr., Managing Partner of Dowling & Partners Securities LLC, told attendees at MMC’s Young Professionals’ Global Forum in London.
Tim Gardner, President, North America
Insurers who rely on strategic risk and capital management analytics to optimize their return on capital require a proactive capital management strategy that is in line with Own Risk and Solvency Assessment (ORSA), rating agency objectives and/or management’s internal capital adequacy benchmarks. To support this objective, a wide variety of tools and solutions are available to help measure capital adequacy - from deterministic models to licensable enterprise-level dynamic financial modeling solutions that advance a company’s ability to measure risk, profit and capital to optimize returns.
The lessons learned during a distinguished military career, during which the nature of the threat changed dramatically, can be applied to leading in the business world, Ed Butler, Head of Risk Analysis at Pool Re, told delegates gathered at the MMC Young Professionals’ Forum in London Wednesday.
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.
Tim Gardner, President, North America
With robust portfolio analytics, including advanced actuarial and catastrophic risk modeling, insurers are able to manage portfolio risk with confidence. Notable new portfolio-based models are being used for emerging areas such as casualty catastrophe and cyber risk assessment. Significant advances in sub peril modeling, such as for flood, have also transformed previously non-modeled perils into modeled perils, greatly improving knowledge and underwriting decisions in many regions.
Tim Gardner, President, North America
Today’s rapidly changing global environment presents insurers with many challenges and opportunities as capital management and risk transfer techniques evolve at an unprecedented pace. Stakeholders, regulators and ratings agencies are deepening their focus on risk management practices, and revolutionary developments in technology, including the Internet of Things and hyper-connectivity, are driving companies to adapt to the challenges that senior management faces to support risk management decisions material to their business.
Here is a look back at the CAT-i stories covering January through mid-June of 2017.
Here we review GC Capital Ideas posts addressing growth opportunities for (re)insurers.
