The fourth industrial revolution: the insurance implications
In this IIL London Market lecture, Lloyd's CEO & CII President, Inga Beale, talked about the impact of the fourth industrial revolution on the insurance sector, including the rapidly changing risk landscape fuelled by globalisation and unprecedented technological advancements like artificial intelligence and the internet of things.
The fourth industrial revolution has given rise to a more globalised, interconnected world that ever before. The digitalisation of everything has been transformational for business, with assets and infrastructure shifting from the physical to the intangible. The surge in use of digital technologies has driven us forward into an age of unprecedented connectivity. Data is now a globally traded currency and one of the most valuable assets in business. It has also given rise to artificial intelligence and advanced data science. In the face of this unprecedented change, the insurance sector must respond or face its own demise.
By the end of this lecture members would have gained an insight into:
- Understanding the challenges that the digital revolution brings to the insurance sector, and how Lloyd's is addressing them
- Understanding the opportunities that advanced technology, like AI and big data, can have on the sector
Inga Beale is the first female Chief Executive Officer at Lloyd's - the world's specialist insurance market and has held a number of senior positions at Canopius Group, Zurich, Converium and GE Insurance Solutions.
Roger Sanders OBE, CertPFS, MD, Lighthouse and President, IIL.
Registration & Security
IIL lectures are open to CII and PFS members
CII and PFS members must register online by 12pm one working day before the lecture
For lectures held in The Old Library, Lloyd's pass holders may also attend and do not need to register
All attendees (at any venue) must produce photo ID - either a Lloyd's pass, driving licence with photo or valid passport
- Email confirmations and photo ID must be produced to security staff at the lecture venue
- Attendance confirmations are non-transferable to any other person or lecture
- All venues have limited capacity and registration and/or a Lloyd's pass does not guarantee admission
Please let us know what we can do to make our events fully accessible to you.
Please contact Patricia Pedraza (020 7397 3911) with any queries regarding the CPD events programme.
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
3/4 hours' CPD can be claimed for this event if relevant to your learning and development needs.
It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.