- Russell Higginbotham FCII
Welcome to the Insurance Institute of London. I am honoured to lead the Institute as President for 2016-17.
The CII and the Institute have a substantial programme of talent and skills development planned for 2016-17, including world-class lectures and podcasts, revision lectures, educational visits, social and networking activities, and publications. I encourage all members to take full advantage of these activities.
The Institute's achievements would not be possible without the 400+ volunteers who contribute as committee members, speakers and facilitators, so my continued thanks to them for their hard work and commitment. We are always looking for more people to join us!
Membership of the IIL increased by over 6% in 2015-16 – a tremendous achievement. The popularity and value of Chartered status is clearly increasing significantly, as is the Institute’s reputation for providing high quality continuing professional development for our membership. At well over 23,500 the Insurance Institute of London incorporates roughly half the London Market.
These are interesting times for insurance professionals and organisations, with technology and innovation disrupting the way we have traditionally served our customers, who increasingly expect to have more accessible services and coverage that is flexible and customised. The individuals and companies who embrace this and support the development of new technical, analytical, and entrepreneurial skills in our workforce will thrive.
The Institute is well placed to help, and as such, I have chosen "Technology" as my theme for the year. The technology revolution in insurance is a fantastic opportunity to help close the increasingly large protection gap and London is in a great position to take the lead. As one of the most innovative cities in the world – ranked by the Global Innovation Cities Index in 2015 - London provides an excellent ecosystem to support our industry's use of technology and innovation. Our history of innovation in the area of (re)insurance over the last 328 years stands us in good stead to continue this tradition into an increasingly digital future.
If you have questions or comments about any of the Institute's activities, please feel free to contact me. I look forward to working with many of you in the year ahead.