Agenda

Marine & Energy Insurtech Forum

etc. Venues’ Monument, London

Wednesday 26th February 2025

 

(All Times are in GMT)

 

08.15-08.55

Registration and Coffee in the Pre-Function Area sponsored by Noria

08.55-09.00

Welcome Address: Daniel Creasey, Director, Cannon Events

09.00-09.30

Keynote Address: Becoming and Staying a Digital Leader

This keynote will explain Gard’s digital journey, how to modernise the technical foundation and how digitalisation is revolutionising the marine insurance industry by improving customer experience, taking better decisions and improving efficiency.

 

Attendees will gain insights into:

 

• How to build a technical foundation that enables digital growth.

• New ways of working with cross functional collaboration.

• How to utilise new technology to ensure further growth.

• How people are a critical success factor.

 

By the end of this session, attendees will understand how a robust technical platform can serve as a foundation for innovation and resilience and how people can ensure long-term success in a competitive market.

Presenter: Cathrine Hopstock, Vice President, Head of Technology, Gard

09.30-10.15

Panel Discussion: Future Trends in Marine and Energy Insurtech

This session will discuss how insurtech might transform the way risks are assessed, priced and managed in the marine and energy sectors.

 

• The placement landscape is changing for marine and energy risks.

• How is the expectation of the end insured for marine and energy risks evolving as we transition further into a ‘digital first’ era?

• How are we supporting our marine and energy workforces to be ‘digital first’?

Moderator: Mark Bennett, Senior Vice President of Global Business Development, ACORD

Panellists: Ronny Reppe, Chief Executive Officer, Noria Digital

Jonathan Humm, Deputy Head of Marine and Energy, AEGIS

Adam Starling, Senior Vice President, Data Programme Leader, Marsh

10.15-11.00

Panel Discussion: The Elephant in the Room – Legacy Inefficiencies and How to Address Them

On average, underwriters spend 40% of their time on tasks that don’t add value to their business. This provides a huge opportunity that can directly influence an insurer’s bottom line, but how best to go about tackling these inefficiencies, especially when processes and procedures may be ingrained in an insurer’s cultural and physical operations?

 

• Creating a culture of innovation to drive growth.

• Defining and quantifying the efficiency opportunity.

• The efficiency arms race – has it started?

Moderator: James Livett, Executive Director, Liiba

Panellists: Matthew Twist, Commercial Director, Concirrus

Alexander Brill, Chief Technology Officer, DNK

Ed Davies, Chief Information Officer, West of England P&I Club

11.00-11.30

Coffee and Networking in the Pre-Function Area

11.30-11.50

Fireside Discussion: The Future of Recruiting

This session will discuss how technology will affect recruitment withing energy and marine insurance.

 

• Recruitment challenges for 2025 onwards for marine and energy insurers.

• How can these challenges be addressed and hiring risk mitigated?

• What will the new generation of teams within marine and energy insurers look like?

Participants: Lee Blasdale, Managing Director, Hanson Lee & HLG Consulting

Ian Grayson, Chief Information Officer, Ascot (UK and Bermuda)

11.50-12.30

Panel Discussion: The Rise of the Tech Based Insurer

By leveraging technology, insurers can enhance risk assessment, provide more personalised policies, lower costs and improve customer satisfaction. However, challenges related to data security, regulatory compliance, and the need for human expertise in complex situations must be carefully managed.

 

• Risk of over-reliance on technology.

• Data privacy and security risks.

• Improved efficiency and speed, thus passing on cost benefits to client.

Moderator: Ed Slade, Chief Commercial Officer, TIW Group

Panellists: Ralph Hale, Head of Engagement Smart Follow, APOLLO

Ed Colclough, Active Underwriter, Parsyl

Tony Hildrew, Founder and Chief Executive Officer, Ceto

12.30-12.50

Fireside Discussion: Shipshape Technology Needed to Keep Your License

 

Compliance and audit put new stress on core systems and surrounding capabilities. In this session, we discuss what it takes to be shipshape for meeting regulations like Solvency II, DORA, IFRS, PRA, FCA, GDPR, and IFRS 17.

 

• How are processes and data capture affected?

• Do we store data needed for business and to prove our compliance?

• Is there a cost/benefit or risk/reward assessment at all?

Participants: Lars Ola Rambøl, Product Director, Noria Digital

Kerrie Webb, IT Performance, Business Management and Supplier Lead, West of England P&I Club

12.50-13.15

Fireside Discussion: Modelled Emissions Data in Sustainability Reporting

Insurers across Europe are grappling with the Corporate Sustainability Reporting Directive (CSRD) – a sweeping new EU regulation reshaping corporate reporting requirements. As the industry debates how to adapt, one of the key questions remains: how can insurers calculate scope 3 emissions from their insured portfolios?

This session will discuss how the PPMI’s work with modelled emissions data has helped its signatories to navigate and comply with new reporting requirements.

Participants: Sigvald Fossum, Vice President, Head of Analytics, Gard

Ralf Garrn, Managing Director, OceanScore

13.15-14.15

Lunch in the Pre-Function Area

14.15-14.45

Fireside Discussion: Technological Innovations in Risk Assessment

Marine and energy insurance risk aggregation software provides insurers with the tools they need to better understand, quantify and manage complex risks associated with the marine and energy insurance industry.

 

• Exposure management.

• Real-time risk monitoring.

• Sanctions alerting and monitoring.

• Portfolio risk management.

• Underwriting and pricing optimisation.

Participants: Andy Yeoman, Chief Executive Officer, Concirrus

Marcus Baker, Global Head of Marine, Cargo and Logistics, Marsh

14.45-15.45

Have a Look About – Roundtable Sessions (x3)

Each roundtable will run for 20 minutes. There will be a 5-minute break between round tables to allow delegates to change tables, and the tables will then be repeated in a second 20-minute seating, followed by a third. Delegates will be able to participate in ¾ of the round table topics taking place

15.45-15.50

Closing Remarks: Daniel Creasey, Director, Cannon Events

15.50-17.00

Drinks Reception


Round Tables

 

 

 

1.     Facilitator Matthew Twist (Concirrus)

 


Roundtable Discussion: Creating a Culture of Innovation to Drive Growth


By embracing new technologies and modernising traditional practices, insurers can unlock growth potential and deliver greater value to their customers. This roundtable will explore legacy inefficiencies in the marine and energy insurance sector and how to address them, focusing on how creating a culture of innovation can drive growth and efficiency.

 

What are the biggest obstacles to fostering innovation in marine and energy insurance?

How can insurers encourage teams to adopt new technologies?

What processes or legacy systems currently impede innovative practices?

How can insurers measure the success of cultural and operational innovations?

 

 

 

2.     Facilitator Ronny Reppe (Noria)

 

Roundtable Discussion: The Future of Claims Handling with Generative AI

 

This roundtable brings together insurance leaders and AI experts to discuss the transformative potential of Generative AI (GenAI) in claims handling. The discussion will explore how AI can streamline claims processing, enhance customer experiences, detect fraud and ensure compliance with regulatory standards. Attendees will gain insights into the challenges, opportunities and ethical considerations of AI integration in the insurance industry.

 

 

Automating Claims: How AI can reduce processing time and improve workflow efficiency.

Customer Experience: Using AI to deliver personalised, real-time claims support.

Fraud Detection: Leveraging AI to spot suspicious patterns and prevent fraud.

Compliance and Security: Navigating data privacy laws and mitigating cybersecurity risks.

AI-Human Collaboration: Balancing automation with human oversight to ensure fair outcomes.

Challenges: Addressing GenAI limitations, biases and complexities in claims handling.

Objective: Participants will leave with actionable strategies for implementing AI in claims handling, enhancing operational efficiency and navigating regulatory challenges.

 

 

 

3.     Facilitator Olly Venables (AdvantageGo)

 

 

How can collaboration with data partners enhance the underwriting process in marine and energy insurance and what emerging technologies can facilitate this collaboration?

Importance of Data Partners: 

Access to Diverse Data Sources: How data partners can provide access to a wide range of data, including weather patterns, shipping routes and historical loss data. 

Data Quality and Accuracy: The role of data partners in ensuring high-quality, accurate data for better risk assessment. 

Enhancing Underwriting Accuracy

Improved Risk Models: How collaboration with data partners can lead to more sophisticated risk models that better predict potential losses. 

Real-Time Data Integration: The benefits of integrating real-time data from data partners to make more informed underwriting decisions. 

Efficiency in Underwriting Processes

Automation and Streamlining: How data from partners can be used to automate and streamline underwriting processes, reducing manual effort and errors. 

Faster Decision-Making: The impact of having comprehensive data readily available on the speed of underwriting decisions. 

Emerging Technologies Facilitating Collaboration

AI and Machine Learning: How AI can analyse large datasets from data partners to identify patterns and trends that inform underwriting. 

Blockchain: The potential of blockchain to provide secure, transparent data sharing between insurers and data partners. 

IoT Devices: The use of IoT devices to collect real-time data on shipping conditions, vessel performance and other factors relevant to underwriting. 

Challenges and Considerations

Data Privacy and Security: Addressing concerns around data privacy and security when collaborating with data partners. 

Integration and Compatibility: Ensuring that data from various partners can be seamlessly integrated into existing underwriting systems. 

 

4.     Facilitator: Ralf Garrn (OceanScore)

 

 

Leveraging AI in Insurance Companies for Maximum Potential

 

Synopsis: This roundtable will address how Artificial Intelligence (AI) is revolutionising the insurance industry by strategically implementing AI in various areas. Insurance companies can streamline operations, reduce costs and create a more responsive and intelligent insurance ecosystem for both employees and customers.

Can AI automate claims processing by accelerating claims handling, minimising manual errors and detecting fraudulent activities, ultimately improving accuracy and customer satisfaction?

Will AI enhance customer experience through chatbots providing 24/7 assistance, personalised recommendations and sentiment analysis to deliver tailored policy suggestions and improve interactions?

Can AI help optimise risk assessment and underwriting with AI-powered predictive analytics that refine underwriting models, assess risks more accurately and integrate real-time data from IoT devices for better pricing strategies?

How effectively does AI detect and prevent fraud by analysing transaction patterns, claims history and behavioural data to flag suspicious activities and reduce fraudulent payouts?

Can AI empower employees with data-driven insights by automating repetitive tasks, enhancing decision-making and improving workforce planning to boost productivity and efficiency?

 

 

Cannon Events Ltd reserves the right to amend the program and is not responsible for cancellations due to unforeseen circumstances. Cannon Events Ltd accepts no responsibility for statements made orally or in written material distributed by any of its speakers at its conferences. In addition, Cannon Events Ltd is not responsible for any copying, republication, or redistribution of such statement.

 

 

 

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