AXA Broker UK’s Post

Few weeks to go before applications close for the BMA-Lloyds Lab Cohort 14! The BMA and Lloyd's Lab are looking to explore solutions across four different challenge areas. Submissions could include (but are not limited to): 1. Reinsurance and ILS (Partner Capital): Technological advancements to support new products and increase the volume and efficiency of ILS capital's access to the reinsurance market. This could include; innovations focused on growing Partner Capital through the pricing of complex and long tail risks, development of innovative loss triggers and structures or processes to efficiently recycle and optimise deployed capital, without compromising policyholder protection. 2. Climate and Catastrophe Solutions: Solutions that are helping to advance property catastrophe reinsurance through: new modelling products to predict and respond to natural disasters, improved catastrophe models and enhanced loss forecasting. 3. Emerging Threats and Man-Made Risks: Offerings that focus on better assessing, managing and covering man-made risks, including those arising from geopolitical uncertainty, cyber events and other non-climate related threats. This could also include new reinsurance products or enhanced existing offerings to cover these risks, especially for large-scale enterprises and multinational clients. 4. Sustainable Insurance Models: Products and tools that encourage, facilitate, support or measure industry efforts to move towards net zero, as well as enabling the insurance sector’s ability to contribute towards climate adaptation and resilience. This may include parametric solutions for renewable energy risks, risk transfer solutions to support the growing carbon economy, or incentives for sustainable infrastructure investments. If you are an entrepreneur, insurtech player or carrier who would like to develop innovative business models, tools and products that address the above challenge areas, this might be for you! Plus, the cohort provides you the option to spend some time during the accelerator week to develop and refine your ideas with the Bermuda Monetary Authority and meet industry experts, in the beautiful island of Bermuda! Apply for the Cohort here before it closes on February 9th! https://lnkd.in/ekaPAJt2 If you are interested in becoming a mentor for this cohort, email lloydslab@lloyds.com (and mention Bermuda cohort mentorship) or send me a note to express interest! #bmalloydslabcohort #lloydslabcohort14 #responsibleinnovation #insurtech #fintech Bermuda Business Development Agency (BDA) Rosie Denée Chloe Kaye David Upson ILS Bermuda Bermuda Captive Network Association of Bermuda Insurers and Reinsurers (ABIR) John Huff Collin Anderson Bríd Reynolds Mark Wheeler Yosha DeLong Devin Page Geoffrey Meyers Michael Kenny Grainne Richmond FCA James Ferris Helen Souza Sarah Ruberry MSc, FCA, FCII, CPCU

Jesse Paulson, Chief Underwriting Officer, Ascot Group discussed specialty insurers in the age of volatility, uncertainty, complexity and ambiguity. #UWUSA2024 #underwriting #innovation

Compiled a spreadsheet of the ~150 failed CIB new producer placements (since 2006) with a primary cause of failure. Synthesized the data into major categories: WHY new producers failed.  Beginning tomorrow, I’ll share each category and lessons learned to help avoid future new producer failures. Stay tuned for...the CIB New Producer Failure Chronicles. #insurance #insuranceindustry #sales

🕚💼 Entering the scene was John Turner, the Global Head of L&H Underwriting at Swiss Re, to shed light on the intriguing topic of "Underwriting: Evolution or Revolution." 📈💡   With profound expertise, John navigated the evolving landscape of underwriting in the insurance industry. 🌐🔍   He delved into why underwriting needs to adapt, the pace of change compared to investment, and actionable strategies to expedite this transformation without compromising financial stability. 💼💬   Attendees departed with a deeper understanding of the challenges and opportunities in underwriting, inspired to embrace innovation and drive meaningful change within their organizations. 🚀🌟   #InsuranceFleming #UnderwritingInnovation #InsuranceEvolution #IndustryTransformation #SwissReInsure 📊🔍

Compiled a spreadsheet of the ~150 failed CIB new producer placements (since 2006) with a primary cause of failure. Synthesized the data into major categories: WHY new producers failed.  Beginning tomorrow, I’ll share each category and lessons learned to help avoid future new producer failures. Stay tuned for...the CIB New Producer Failure Chronicles. #insurance #insuranceindustry #sales

Michael Gosselin, AXA XL’s CUO for the UK & Lloyd’s market, shares his roadmap for building a resilient and profitable underwriting portfolio amid market challenges. https://hubs.la/Q02YV55n0

Check out the last video in our 4-part series featuring Brian O'Connell, Chief Underwriter at SBLI. Brian shares insights on what's it's like to work with the team at Swiss Re to modernize an underwriting department and launch an accelerated underwriting program. Learn more about our underwriting solutions or request to speak with a local expert: https://ow.ly/r3Os50U3bHq #LifeInsurance #UnderwritingSolutions

How can reinsurers address today's challenges? In a world that is both highly interconnected and increasingly fragmented, the reinsurance market has a vital role to play in providing reliable and innovative solutions to the risks and challenges its clients face.   Renaud Guidée, CEO of AXA XL Re, believes dialogue and communication across the market and with key stakeholders will be the driving force behind addressing the challenges from a reinsurance perspective.   Read the full article here 👉🏽 https://lnkd.in/eH2aufYE

📊 Alpha vs beta: Enhanced Underwriting is segmenting the Lloyd’s market There is a fascinating shift happening in Lloyd's: Enhanced Underwriting is creating a clear divide in portfolio strategies. 🎯 Alpha players: Risk-by-risk underwriting Aiming to beat market returns Deep specialist expertise 📈 Beta trackers: Market performance tracking Focus on exposure management Efficiency-driven approach The third option: 'Alpha-beta' players - cherry-picking prime segments while maintaining portfolio efficiency. For more on how Enhanced Underwriting is shaping Lloyd’s, access the full report here: https://bit.ly/402gyLL #LMA #LondonMarket #EnhancedUnderwriting #Insurance #OxbowPartners

The Buzz at Sompo: Innovation, Talent, and Bespoke Solutions ✨ Sompo's Stephanie Green, Head of Client Management UK, Sally Roberts, Senior Casualty Underwriter and Laura Llewellyn Gray, Head of UK Property, London as they reflect on a groundbreaking 2024 marked by growth, innovation, and collaboration. From risk forums to tech-driven services, a dynamic buzz underscores their bespoke solutions and customer-first approach, setting the stage to redefine 2025 with fresh talent and unwavering commitment to clients and brokers. Building bespoke solutions for a changing world: https://lnkd.in/etyEywCg 🔧 #InsuranceInnovation #BusinessGrowth #BespokeSolutions #UKMarket #RiskManagement #SustainableGrowth