The European Talk show for Risk and Insurance professionnals
It really brings to life the purpose of insurance and reinsurance. We see insurance as a significant foundation in building resilience for individuals, for businesses and for society. Insurance is there to pay out and get people back on their feet and to not just stop there, but to bring together services and experts to build back better. The Lloyd’s market is all about sharing risk to create a braver world, to empower customers and help them better understand and prepare for emerging and systemic risk. And the real strength and opportunities can come through partnership too, whether that is public-private partnerships to address the scale of the challenge to bring industry and governments to collaborate at scale, or partnering with interesting and technology-driven expertise to drive product and service innovation.
My personal approach is to develop projections and scenarios to look at situations from as many different angles as possible. I learned this from my grandparents who saw at first-hand, theatre of the best and worst times of humanity. This helps you to prepare yourself (or your business) for a wide range of possible outcomes and to thrive in a world of uncertainty. It applies to so much in life more broadly as well, for example when moving from one country to the other you need to be prepared to discover the positive aspects of different cultures or ways of doing business in order to be successful. At Lloyd’s you build your confidence on insight & expertise, robust partnerships built over time and strong collaboration between teams.
I would like the audience to think deeply about what conversations they need to be having with their board members, to go beyond the usual risk models and get truly under the skin of their businesses and supply chains. By doing this, and using the full extent of the world-class tools and resources at their disposal through insurance, and through Lloyd’s, (such as Futureset, our global platform for understanding systemic risk), they can be part of a global community of risk experts sharing knowledge and understanding to drive their businesses and their careers forward. And it’s not just about moving risk off the balance sheet, how can we build resilience through culture and talent, the people we hire, the diversity of thought, skill set and background that makes up our employees. We are only as good as our people, so we will also explore how people management positively impact on financial resilience.