S4 Ep. 10 - What Is A Strategic CRO
This week we talk to Seema Bradbury, CRO of Asta, and Ed Harrison, Principal at LCP, about what the risk function of the future will look like and how we can get there.
Jan 24, 2024•40 min
Insurance Uncut
Insurance Uncut is a podcast all about insurance. Every two weeks, hosts Charl Cronje and Jessica Snowball are joined by different guests where they take on a topic impacting the general insurance market. During this conversation, they break down key issues to help you keep up to date and understand the world of insurance better.
Who is LCP? We are a leading consultancy advising general insurance firms across the market on reserving, capital, pricing, analytics, regulatory compliance, business transformations and more.
Find out more at https://www.lcp.com/en/insurance
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Episodes
S4 Ep. 9 - Why has my car insurance increased so much?
This week on Insurance Uncut Jess catches up with Katie Saunders and Richard York-Weaving, two of LCP’s motor insurance experts, about the latest trends and their recent market survey. They discuss: • What is driving the increase in motor premiums? • What are the underlying factors driving higher inflation in the motor space? • Expectations for the forthcoming review of the Ogden rate. • The latest on the whiplash reforms.
Jan 11, 2024•32 min
S4 Ep. 8 - Pool Re
This week on Insurance Uncut we talk to Tom Clementi, CEO of Pool Re, about: • How Pool Re works and the critical role it plays in protecting against the impacts of terrorism • How Pool Re is evolving as the risk landscape changes • How public/private risk pooling partnerships could further bolster national resilience in the future
Dec 21, 2023•31 min
S4 Ep. 7 - Lessons from a claims actuary
This week Mel Tam, Senior Consultant at LCP, tells us about her time as a Claims Actuary and what we can learn from the actuarial work being done in Australia. We discuss: • What the role of a claims actuary is and how it can add value • What can UK actuaries learn from Australian actuaries? • What is an unconference? • Mel’s role as a Board Trustee for Mind in Enfield and Barnet.
Dec 07, 2023•33 min
S4 Ep. 6 - GIRO 2023 – wrap up with Laura Curtis
Insurance Uncut went on the road to Edinburgh for the actuarial profession’s 50th GIRO general insurance conference. The final episode in this mini-series is with Laura Curtis, Chair of the IFoA General Insurance Lifelong Learning Committee, responsible for organising GIRO. We discuss: - Reflections from GIRO. - Tips if you are looking to get more involved in the IFoA and its research activities. - Laura’s career journey through insurance.
Nov 17, 2023•19 min
S4 Ep. 5 - GIRO 2023 – what happened on Friday
Insurance Uncut went on the road to Edinburgh for the actuarial profession’s 50th GIRO general insurance conference. From the last day of GIRO 2023, we bring you conversations with three great guests. We chat to: - Declan Lavelle, LCP partner and immediate past president of the Society of Actuaries in Ireland, on key developments in the regulatory regime in Ireland. - Helen Cooper, CRO at esure and Ron Richman, Chief Actuary at Old Mutual Insure, about fairer pricing, transformation projects, ne...
Nov 14, 2023•21 min
S4 Ep. 4 - GIRO 2023 – what happened on Thursday part 2
Insurance Uncut went on the road to Edinburgh for the actuarial profession’s 50th GIRO general insurance conference. From the afternoon of day two of GIRO 2023, we bring you four great conversations. We chat to: - Isabelle Williams, Oli Grossman and Joanna Thornett from LCP about their talk ‘Zero to hero: can we build a capital model in an open-source framework, from scratch, using ChatGPT?’ - Rachel Haldane, Exposure Manager at Start Network and Andy Jinks, Head of the Insurance and Investment,...
Nov 08, 2023•39 min
S4 Ep. 3 - GIRO 2023 – what happened on Thursday part 1
Insurance Uncut went on the road to Edinburgh for the actuarial profession’s 50th GIRO general insurance conference. From the morning of day two of GIRO 2023, we bring you three great conversations. We chat to: - Visesh Gosrani, Director Catastrophe Modelling at Cowbell Cyber, about his hot topic talk looking at the risk and opportunities of AI technology. - Erin Bargate, Head of Casualty Pricing at Hiscox London Market, about her talk on managing inflation uncertainty, including tips on how you...
Nov 07, 2023•25 min
S4 Ep. 2 - GIRO 2023 – what happened on Wednesday
Insurance Uncut went on the road to Edinburgh for the actuarial profession’s 50th GIRO general insurance conference. From day 1 of GIRO 2023 have three great conversations to bring you: • The IFoA Present, Kalpana Shah, about her aims for her presidency and key themes at the conferences. • Laura Evans, Chief Actuary at Flood Re, who gave us the highlights from the two talks she is giving at the conference (‘To price flood risk-reflective or not?’ and ‘Flood events that make us think?’) and how D...
Nov 02, 2023•25 min
S4 Ep. 1 - Welcome to GIRO 2023
To start season 4 we are excited to be taking Insurance Uncut on the road. We are off to Edinburgh for the actuarial profession’s 50th GIRO general insurance conference. We will be bringing you several episodes this week from the conference, catching up with speakers and soaking up the atmosphere. To kick us off we are chatting to Ed Harrison who is on the GIRO organising committee to give us the inside track on the big issues in the market that this year’s conference will be covering.
Oct 31, 2023•14 min
S3 Ep. 14 - Andy Bord, CEO of Flood Re
This week we are talking to Andy Bord, CEO of Flood Re, about how the specialist reinsurer is achieving its goals and about being an effective CEO. We discuss: • What problems Flood Re is helping to solve. • How Flood Re is approaching climate change risk. • Managing stakeholders across the spectrum of flood risk. • How to create a positive organisational culture.
Aug 17, 2023•34 min
S3 Ep. 13 - Discrimination-free pricing, using AI and climate change – what can we do?
This week we are talking to Ronald Richman about current challenges for Chief Actuary’s. Ronald is Chief Actuary at Old Mutual Insure as well as being Vice Chair and Member of the Actuarial Studies In Non-life insurance Board at International Actuarial Association and Chair of the Climate change Practicing area committee for the Actuarial Society of South Africa. We discuss: • Discrimination-free pricing – how can we tackle the problem • How to make AI less of a black box • Climate change risk m...
Aug 03, 2023•41 min
S3 Ep. 12 - The NED’s view
This week we are talking to Kathryn Morgan, a Non-Executive Director (NED) for four insurance firms. With her previous experience as an actuary and a regulator, Kathryn offers a unique and insightful perspective on what’s occupying the minds of insurance NEDs today. We discuss: • Kathryn's personal journey towards becoming a NED and the potential paths others can take. • Promoting diversity and inclusion in the insurance industry. • Three key issues currently commanding the attention of NEDs: En...
Jul 20, 2023•32 min
S3 Ep. 11 - AI take over
This week we are delighted to introduce LCP’s new podcast, Beyond Curious with LCP. On this episode, hosts Laura Amin and Charl Cronje talk to Tom Porter about how CEOs can embrace AI and ensure that their organisations stay competitive and relevant. Tom is LCP’s Strategy Director and is leading our journey to embrace AI effectively across the firm.
Jul 06, 2023•35 min
S3 Ep. 10 - Wearable tech to help us live longer and be healthier
This week we are talking to Lisa Balboa, Head of Life & Health Digital Business Accelerator at Hannover Re. Lisa shares her insights on how insurers are using wearables and other technology to encourage healthier lifestyles. We also talk about the work of the actuarial profession’s Mental Health Working Party. We discuss: • The potential of wearables to enhance insurance cover. • How generative AI will impact the whole insurance value chain. • Mental health - how insurers can be rethinking t...
Jun 22, 2023•31 min
S3 Ep. 9 - Med-mal – a CEO’s perspective
This week we are talking to Natasha Anning, CEO of the Medical Indemnity Protection Society Ltd (MIPS) and the insurer MIPSi. Natasha shares some great insights on the unique challenges of running a successful medical defence organisation, on med-mal trends and on leadership. We discuss: • Key developments in the med-mal market including differences between the UK and Australia. • What does a successful insurance organisation look like in 2023 and beyond? • Tips for career development and how to...
Jun 08, 2023•29 min
S3 Ep. 8 - The next health crisis?
This week we are talking to Stuart McDonald MBE, Partner at LCP, about what we’ve learned from the COVID-19 pandemic a few years on and how prepared we are for the next health crisis. We discuss: • Stuart’s groundbreaking work with the IFoA COVID-19 Actuaries Response Group. • The long term impacts from COVID-19 and how well the UK is prepared for the next pandemic. • Anti-microbial resistance and UK health inequalities.
May 25, 2023•36 min
S3 Ep. 7 - Geopolitical risk
This week we are talking to Rupesh Bhudia, Head of Pricing for Crisis Management at Hiscox, about geopolitical risks. Rupesh has some great insights into the latest market trends and how actuaries can add value in an area where data isn’t abundant. We discuss: • What are the major geopolitical trends impacting the insurance market? • How do you monitor and manage geopolitical risks in practice? • How does your role differ from some traditional actuarial roles?
May 11, 2023•32 min
S3 Ep. 6 - The Salary Guy
This week we are talking to the ‘Salary Guy’ Michael Stefan about recruitment, retention and diversity. Michael is a partner at Hanover Executive Search and is the leading publisher of salary research data for actuaries and risk professionals in the general insurance market. We discuss: • The latest hybrid working trends. • What the stats say about how well gender diversity is being addressed within the UK general insurance market. • Top tips for employees planning career moves and employers see...
Apr 27, 2023•35 min
S3 Ep. 5 - What’s driving the motor market
This week Richard York-Weaving, one of LCP’s motor experts, tells us about key trends affecting the UK motor market, including insights from our annual motor survey. We discuss: • How is inflation impacting motor claims? • How are insurers trying to stay competitive in the face of uncertainty from the whiplash reforms, Ogden rate changes and the FCA pricing reforms? • How might electric and self-driving cars change the motor market in the future?
Apr 12, 2023•34 min
S3 Ep. 4 - Liability exposure management
This week we are discussing liability exposure management with Ramiz Mohamed who is Head of Casualty Exposure Management at Hiscox and chair of the new IFoA working party on liability exposure management. We discuss: • The differences between liability and property exposure management. • What are the key challenges and techniques used within liability exposure management? • Deep dives into social inflation and climate change litigation
Mar 30, 2023•31 min
S3 Ep. 3 - Behavioural bias – improving decision making
This week Zoe Burdo, LCP’s expert on behavioural science, returns to the podcast and we look at how general insurers can improve their decision making. We discuss: • Differences between unconscious bias and behavioural bias • What role NEDs have in helping firms to manage bias • Practical tools for managing bias, including using self-assessment as a starting point for improving decision making
Mar 16, 2023•35 min
S3 Ep. 2 - Climate change risk - modelling and managing
This week we are talking to Russ Bowdrey from Ortec Finance and Lara Palmer from LCP about climate change risk. Having Russ and Lara with us means we cover both how climate modelling works and what insurers should be doing on climate change risk now. We discuss: • Why it is important for insurers to be acting now on climate change • How is climate change modelled and what insurers might be able to learn from it? • Current regulation and practical next steps for insurers.
Mar 02, 2023•39 min
S3 Ep. 1 - Cyber
To kick off season 3 we are discussing cyber risk with Simon Cartagena. Simon is Deputy CRO for SCOR UK, soon to become CRO of Cincinnati Global Underwriting in London and on the actuarial profession’s cyber risk investigation working party. We discuss: • How the war in Ukraine impacted cyber risk in 2022 and what new cyber risks have emerged from the conflict. • What more we should be doing to reflect cyber risk within capital models. • The different techniques to model cyber risk currently and...
Feb 16, 2023•27 min
S2 Ep. 16 - Season 2 wrap-up
In the final episode of Season 2, we look back on our key learnings from 2022 and what we are looking out for in 2023. We discuss: • Dealing with inflation – are we there yet? • Better together - how we work and communicate with colleagues and where we can improve. • ESG – will this come off the back-burner in 2023? • Geo-political climate – what has 2022 taught us and what might be coming up.
Dec 01, 2022•34 min
S2 Ep. 15 - Football analytics
This week we delve into the world of football analytics ahead of the 2022 World Cup. We are talking to Ashley Mould and Bart Huby who lead LCP’s football analytics practice about how they are using mathematical techniques to help clubs predict players’ future performance and unearth hidden talent. We discuss: • The maths behind TransferLab – a tool to help clubs and players when making transfer decisions. • Examples of how clubs and players are using TransferLab and what is next for football ana...
Nov 17, 2022•34 min
S2 Ep. 14 - Key catastrophe trends facing the market
This week Charl and Jessica are talking to Junaid Seria, Head of Analytics and Governance at Scor P&C, about Hurricane Ian and the longer-term trends in catastrophes. We discuss: • What is the latest on Hurricane Ian? • The rise in mid-size catastrophes and what impact this may have on the market. • How climate change and inflation are affecting catastrophe claims.
Nov 03, 2022•30 min
S2 Ep. 13 - Breaking the glass ceiling
This week we welcome Jinita Shah, host of LCP’s ‘Breaking the glass ceiling’ event, to discuss how we can support more women in reaching the board and the C-suite within the general insurance market. We discuss: • What are the biggest barriers women face in their career progression? • Tips on how you can break your glass ceiling. • Three key audience questions from the event.
Oct 20, 2022•27 min
S2 Ep. 12 - Impact of Liz Truss’s Government on the Insurance Industry
This week we welcome back Ed Harrison to discuss the UK government’s plans for dismantling Solvency II. We discuss: • How repealing Solvency II rules might work in practice • Key issues relating to Solvency II equivalence • Impacts on insurers of the economic disruption triggered by the recent mini-budget
Oct 06, 2022•32 min
S2 Ep. 11 - ‘All rise’ – a look at litigation trends
This week we talk to Lydia Savill, Counsel at Hogan Lovells, to get the inside track on litigation trends affecting the insurance industry. We discuss: • Litigation on climate change, wider ESG issues and greenwashing – the types of claims, who’s bringing them and who is exposed. • The litigation funding industry and how this influences the risks for insurers. • Pros and cons of different dispute resolution methods.
Sep 08, 2022•32 min
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