1/1 renewals - reflections of the past or the tipping point to a new normal?

The Insurance Hall
Friday, 09 February 2018
1:15 pm – 2:00 pm
    • Nick Frankland, UK CEO, Aon Benfield
  • Reinsurance webinar

In this IIL reinsurance lecture Nick Frankland provided insights on the trends witnessed by Aon Benfield during the dynamic January 1, 2018 reinsurance renewals period, and examined how the industry can address the global protection gap, which stood at 40 percent in 2017.

In his presentation, Nick noted that global natural disasters were estimated to have generated insured losses to the private sector and government-sponsored programs of USD128 billion in 2017 - the third highest total after 2011 and 2005. It was estimated that less than a third of these losses fell to the private reinsurance market, representing a very manageable burden relative to the record total global reinsurance capital base of around USD600 billion. It was against this backdrop of high losses and high capacity that the industry entered an interesting and dynamic January 1, 2018 reinsurance renewals period.

By the end of this lecture members would have gained an insight into:

  • Review of 2017 significant losses and compare to previous years
  • The relevance of the global protection gap
  • How the market is evolving in 2018 and how does London adapt

Speakers Bio:
Nick Frankland is Aon Benfield UK CEO. He has responsibility for Global ReSpecialty, ReSolurtions,UK & Ireland - including Specialty, Casualty, Life, Accident & Health, Credit and Political Risk, UK Facultative, and Programmes - and UK Client Services teams.

Chair:
Jon Hancock, Performance Management Director, Lloyd's.

Venue
  • The Insurance Hall
  • 20 Aldermanbury
  • London
  • EC2V 7HY
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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

Conditions:

  • 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

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Contact:
Please contact Patricia Pedraza (020 7397 3911) with any queries regarding the CPD events programme.

CII Accredited

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.