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Keeping it Legal: Future Challenges in Insurance and the Role of Law and Regulation

BILA

A joint online event, hosted by BILA and the Centre for Commercial Law Studies (CCLS), Queen Mary University of London.

Keeping it Legal: Future Challenges in Insurance and the Role of Law and Regulation

30 June 2021, 2.15pm – 5.25pm

The event will take place online and is free to join. For further details and to confirm your place please visit:

After registering, you will receive a confirmation email containing information about joining the meeting.

BILA and CCLS are co-hosting a half-day conference that will consider the role that law and regulation can and should play in shaping the future of insurance.

Leading individuals from the insurance market, law and regulation will, during three panel sessions, explore the future challenges facing insurance, the importance of innovation and technology and the role of law and regulation.

Programme

Event commences – 2.15pm

2.15pm – 2.30pm             Welcome Address by Peter MacDonald-Eggers QC, Chair of BILA

2.30pm – 3.15pm        Panel 1: The Future Challenge: Systemic Risks, Risks too uncertain to quantify, Policyholder trust and other challenges

This session will look at the challenge that risks of the future will present to traditional approaches to insurance, including systemic risk, risks too uncertain to quantify, but also risks such as consumer trust in insurers.

Panel Members:

  • Rosa Lastra, CCLS (Chair)
  • Kirsten Mitchell Wallace¸ Head of Portfolio Risk Management, Lloyd’s
  • Sophie Evans, Head of Country Programmes at the Centre for Disaster Risk Protection
  • Paul Nunn, Head of Catastrophe Risk Modelling at SCOR Global P&C
  • Julia Graham, CEO, AIRMIC

3.15pm – 3.30pm        Break

3.30pm – 4.15pm        Panel 2: Innovation and technology – The solution?

 This session will investigate to what extent the challenges facing insurance can be solved by innovation and technology – or do the solutions lie elsewhere?

Panel Members:

  • Trevor Maynard, Head of Innovation, Lloyd’s (Chair)
  • Tom Hoad, Head of Innovation at Tokio Marine Kiln
  • Dr Franziska Arnold-Dwyer, Lecturer in Insurance Law, CCLS
  • Prof Daniel Schwarcz, University of Minnesota (USA)
  • Chris Jones, Director of Legal and Market Services, IUA

4.15pm – 4.25pm        Break

4.25pm – 5.10pm        Panel 3: The Way Forward: Insights from Law and Regulation

The final session will look forward to how legal and regulatory should support the industry.  How can changes be made to help the industry develop and innovate but should law and regulation also play a role in preventing overreach and ensuring the industry remains robust and able to weather the emerging risks.

  • Peter MacDonald Eggers QC, 7KBW & BILA Chair (Chair)
  • Prof Rick Swedloff, Rutgers (USA)
  • Ashley Prebble, Partner, Clifford Chance
  • Prof Sarah Green, Law Commissioner

5.10pm – 5.25pm        Concluding Remarks by Prof. Miriam Goldby, CCLS

Event concludes at 5.25pm