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Modern Insurance Magazine Issue 60

This issue features... Insight: Every Cloud Has A Silver Lining, by Tim Yeates, Co-Founder, Carbon1 Ltd. Interview: Modelling Modern Risk with Dr Kirsten Mitchell-Wallace, Director of Portfolio Risk Management, Lloyd’s of London Interview: Searching for Answers with Iain Willis, Research Director, Gallagher Research Centre Editorial Board: Find out what our editorial board panel of experts have to say in this edition of Modern Insurance Magazine A Final Word with Steve White, Chief Executive, British Insurance Brokers' Association (BIBA) Is it time for Risk Managers to rethink their role in the Climate Crisis? by François Lanavère, Head of Strategic Partnerships, AXA Climate Associations Assemble: Modern Insurance’s panel of resident associations outline the burning issues in insurance Just a Thought with Eddie Longworth - Building Trust through Responsible AI in Claims: Championing a Voluntary Code of Conduct Making Efficiency Gains in Subsidence Claims, by Chris Carlton MRICS, New Business & Key Account Director, Geobear Chemistry for a Sustainable Future: Q&A with Grant Dempsey, Sales Manager - Distribution, BASF Automotive Refinish UK & Ireland Industry Collaboration: Working together to provide the best mobility solution, with James Roberts, Business Development Director, Insurance, Europcar Mobility Group UK Thinking Upside Down: Mind the Protection Gap, by Ashley Preece, Product Owner, Claim Technology In Conversation with… Neil Garrett, UK, South Africa & Nordics Sales Director, Solera | Audatex A New Climate for Claims, from I Love Claims / ARC 360 10 Mins with… Ola Jacob, Independent Insurance Advisor In Celebration: Modern Claims Awards 2023 Insur.Tech.Talk - Interviews with Stephen Weinstein, Former Chair of the Bermuda Business Development Agency; Bill Churney, President, Extreme Event Solutions, Verisk; Jacqui LeGrand, CEO, Maptycs; Heather H. Wilson, Chief Executive Officer, CLARA Analytics Insur.Tech.Talk Editorial Board - Experts from within the insurtech sector and beyond join us once more to share their unique insights!

This issue features...

Insight: Every Cloud Has A Silver Lining, by Tim Yeates, Co-Founder, Carbon1 Ltd.
Interview: Modelling Modern Risk with Dr Kirsten Mitchell-Wallace, Director of Portfolio Risk Management, Lloyd’s of London
Interview: Searching for Answers with Iain Willis, Research Director, Gallagher Research Centre
Editorial Board: Find out what our editorial board panel of experts have to say in this edition of Modern Insurance Magazine
A Final Word with Steve White, Chief Executive, British Insurance Brokers' Association (BIBA)
Is it time for Risk Managers to rethink their role in the Climate Crisis? by François Lanavère, Head of Strategic Partnerships, AXA Climate
Associations Assemble: Modern Insurance’s panel of resident associations outline the burning issues in insurance
Just a Thought with Eddie Longworth - Building Trust through Responsible AI in Claims: Championing a Voluntary Code of Conduct
Making Efficiency Gains in Subsidence Claims, by Chris Carlton MRICS, New Business & Key Account Director, Geobear
Chemistry for a Sustainable Future: Q&A with Grant Dempsey, Sales Manager - Distribution, BASF Automotive Refinish UK & Ireland
Industry Collaboration: Working together to provide the best mobility solution, with James Roberts, Business Development Director, Insurance, Europcar Mobility Group UK
Thinking Upside Down: Mind the Protection Gap, by Ashley Preece, Product Owner, Claim Technology
In Conversation with… Neil Garrett, UK, South Africa & Nordics Sales Director, Solera | Audatex
A New Climate for Claims, from I Love Claims / ARC 360
10 Mins with… Ola Jacob, Independent Insurance Advisor
In Celebration: Modern Claims Awards 2023
Insur.Tech.Talk - Interviews with Stephen Weinstein, Former Chair of the Bermuda Business Development Agency; Bill Churney, President, Extreme Event Solutions, Verisk; Jacqui LeGrand, CEO, Maptycs; Heather H. Wilson, Chief Executive Officer, CLARA Analytics
Insur.Tech.Talk Editorial Board - Experts from within the insurtech sector and beyond join us once more to share their unique insights!

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WELCOME<br />

Hello readers,<br />

Welcome to <strong>Issue</strong> <strong>60</strong> of <strong>Modern</strong> <strong>Insurance</strong> <strong>Magazine</strong>, where we’re<br />

looking into the nature of catastrophic events, modelling risk, and<br />

resilience.<br />

We live in a heightened risk landscape. There’s an ever-present threat in terms of<br />

global natural catastrophe risk - made even more turbulent by climate change -<br />

alongside that of anthropogenic (man-made) peril such as Terrorism and Cyber.<br />

How has the insurance industry responded and evolved to this myriad of systemic<br />

risks? Are we doing enough to shield our assets? What steps can we take to<br />

minimise the protection gap, and how can the industry do more to seize the<br />

opportunity for preparedness and protection in the months and years to come?<br />

Amelia Barlow, Editor<br />

To introduce our key theme, I’m delighted to have been joined by Tim Yeates, Co-<br />

Founder of Carbon1 Ltd, on p.8. I also spent time with Iain Willis, Research Director<br />

at Gallagher Research Centre (p.14) and Dr Kirsten Mitchell-Wallace, Director of<br />

Portfolio Risk Management at Lloyd’s of London (p.12) to challenge and celebrate<br />

industry action in this niche but vital corner of the sector.<br />

As always, there’s a vast selection of thought leadership contributions from our<br />

in-house editorial board of experts, starting with Carpenters Group on p.17. You’ll<br />

also find several articles from our group of esteemed industry associations from<br />

p.33 onwards!<br />

In addition, we’re celebrating the valued winners and shortlisted finalists of this<br />

year’s <strong>Modern</strong> Claims Awards in this issue, a full event write up of which you can<br />

read from p.59.<br />

Finally, let’s not forget the return of INSUR.TECH.TALK, in partnership with<br />

Insurtech Insights, bringing you the very latest updates from the world of insurtech<br />

through a series of highly astute interviews and thought leadership features.<br />

I’ve wanted to delve further into this aspect of the insurance industry for a really<br />

long time. For me, this edition has been a real labour of love to put together, and I<br />

sincerely hope you enjoy.<br />

Until next time,<br />

Rachael Pearson, Project Manager<br />

Amelia Day Barlow,<br />

Editor,<br />

<strong>Modern</strong> <strong>Insurance</strong> <strong>Magazine</strong>.<br />

amelia@charltongrant.co.uk<br />

ISSUE <strong>60</strong><br />

ISSN 2515-3803<br />

Editor<br />

Amelia Barlow<br />

Project Manager & Events Sales<br />

Rachael Pearson<br />

<strong>Modern</strong> <strong>Insurance</strong> <strong>Magazine</strong><br />

is published by Charlton Grant Ltd ©2023<br />

All material is copyrighted both written and illustrated. Reproduction in part or whole is strictly<br />

forbidden without the written permission of the publisher. All images and information is collated<br />

from extensive research and along with advertisements is published in good faith. Although the<br />

author and publisher have made every effort to ensure that the information in this publication<br />

was correct at press time, the author and publisher do not assume and hereby disclaim any<br />

liability to any party for any loss, damage, or disruption caused by errors or omissions, whether<br />

such errors or omissions result from negligence, accident, or any other cause.<br />

MODERN INSURANCE | 3

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