In (Re)thinking insurance we discuss the issues facing P&C, Life, and composite insurers around the globe, as well as exploring the latest tools, techniques and innovations that will help you to re-think insurance.
Best practice and recent trends in actuarial modeling
In this episode, we explore key aspects of actuarial modeling, including the importance of balancing accuracy and speed, the benefits of simplicity, and the need for effective communication.
10/6/2024 • 17 minutes, 48 seconds
The people side of pricing
In this episode, Sina Thieme is joined by Maria Jesus Guitard to discuss the importance of people in an insurers pricing function.
10/3/2024 • 19 minutes, 48 seconds
Managing the market cycle
In this episode of (Re)thinking Insurance, Anand Patel is joined by Paul Higham and Derric Howard to explore the dynamics of the commercial lines and speciality market cycle and how leading insurers are successfully managing the cycle through investments in technical capabilities.
9/27/2024 • 12 minutes, 44 seconds
Putting theory into practice: Deploying Python and open source to impact business results
In this episode of (Re)thinking Insurance, Pardeep Bassi, Global Head of Data Science, talks to Mani Heer about overcoming the challenges in deploying open source effectively.
9/6/2024 • 13 minutes, 12 seconds
Using conduct risk to power customer and commercial value
In this episode of (Re)thinking Insurance, Suky Mann is joined by James Tanser to discuss their view on how firms have responded to conduct related regulations across pricing, as well as a look to the future and how things may change in this space over the next 12 months.
8/20/2024 • 19 minutes, 17 seconds
In-force portfolio management for the U.S. life insurance industry
Life insurers have built up large blocks of policies that represent in-force business. They want to manage these blocks efficiently and profitably. A number of factors such as low interest rates, expense pressures, aggressive competition and stakeholder expectations have increased company focus on in-force management. Mark Mennemeyer is joined by Mary Bahna-Nolan, Nik Godon, Nathan Hardiman and Sam Keller to discuss the opportunities for improving performance of in-force portfolios.
8/13/2024 • 27 minutes
Advanced analytics
In this episode of the (Re)Thinking Insurance podcast, Scott Gibson is joined by Laura Doddington and Lauren Finnis to explore advanced analytics in the insurance industry. They discuss findings from WTW’s recent advanced analytics survey, highlighting how nearly 50 North American P&C insurers are leveraging analytics. Despite strong leadership commitment, progress has stagnated since 2021 due to IT bottlenecks and data challenges. The discussion covers practical applications of machine learning in document processing and risk assessment, and identifies areas where analytics can enhance operations, such as claims management and distribution strategies. The speakers emphasize the need for a clear roadmap, robust data infrastructure, and collaboration between analytics and business teams, underscoring the importance of sustained effort and strategic planning to fully integrate analytics into organizational culture.
8/12/2024 • 25 minutes, 59 seconds
Reframing capital risk appetite
In this episode of (Re)thinking Insurance, Mark Mennemeyer is joined by Gerard Anderson and Muhammad Amjad to take a fresh look at capital risk appetite and internal model calibrations. They examine the challenges and implications of recent dramatic shifts in interest and swap rates, highlighting the importance of robust internal model calibrations and scenario testing to manage potential volatility.
7/30/2024 • 18 minutes, 44 seconds
WTW global IFRS 17 study – part 2: Analyst survey
In the second of two special episodes focused on WTW’s global IFRS 17 study, Kunj Maheshwari is joined by Kamran Foroughi and Anshul Garg to examine the results of WTW’s recent insurance analyst survey. They explore the responses from analysts - both sell and buy side, equity and debt – on aspects of IFRS 17 the analysts liked, did not like and wanted to improve; as well as how IFRS 17 affected their decision making. This episode also discusses the differences seen across various regions and geographies and finally shares some key takeaways for those insurers adopting later on the implementation of IFRS 17.
7/23/2024 • 24 minutes, 43 seconds
WTW global IFRS 17 study – part 1: Disclosure Analysis
In the first of two special episodes focused on WTW’s global IFRS 17 study, Kamran Foroughi is joined by Teresa Murphy and Urvi Nagda to examine key findings from the global disclosure analysis for the full year 2023. In addition to sharing how the analysis of the disclosures for 89 insurers and reinsurers globally was conducted, they explore key takeaways, and provide their perspectives of what actions organisations should be taking moving forwards.
7/17/2024 • 15 minutes, 46 seconds
Navigating the UK household insurance market
In this episode, Steve Cox joins our host for this episode, Sina Thieme, to discuss some of the key factors and challenges affecting the UK household insurance market.
6/5/2024 • 20 minutes, 20 seconds
What’s driving the growth in the MGA market?
What’s driving the growth in the current MGA market and should insurers allow underwriters to write both direct and delegated authority business? In this episode of (Re)thinking Insurance, Anand Patel is joined by Jonathan Aubrey-Smith and Paul Higham to discuss the impact on MGA growth in a fluctuating market.
6/2/2024 • 14 minutes, 52 seconds
AI regulation; how will this impact insurers now and in the future?
In this episode, Chris Halliday is joined by James Clark, a partner at DLA Piper, to discuss AI regulation and the impact it will have, and is already having on insurers.
5/29/2024 • 34 minutes, 41 seconds
Consumer Duty: What duty do insurers have to their customers?
In this episode of (Re)thinking Insurance, Jenelle Cherrie is joined by Donna Cowell and Jonathan Richards to discuss the implementation of Consumer Duty and the obligations that insurance companies have to ensure good customer outcomes. They explore the changes they've seen in the market so far, some of the challenges insurers are facing complying with the Duty as well as the benefits that instilling a customer centric culture can bring to organizations.
5/17/2024 • 42 minutes, 44 seconds
Talking Tech special: AI and Machine Learning
In this episode, Charlie Samolczyk is joined by Laura Doddington and Lauren Finnis to discuss the topic of the moment for insurers; AI and machine learning.
4/30/2024 • 23 minutes, 47 seconds
Talking Tech special: Financial Modeling
In this episode, our host, Charlie Samolczyk, is joined by Mark Brown and David Pond to discuss the challenges that insurers are currently facing in the financial modeling space and what actions can be taken to address them.
4/22/2024 • 29 minutes, 14 seconds
ESG Special: Planning and implementing an effective ESG strategy
As regulatory pressures and scrutiny from stakeholders continues to grow, having an Environmental, Social and Governance (ESG) strategy in place has become more and more important. What steps can insurers take to develop an ESG strategy that aligns with their overall business goals, as well as incorporate ESG factors into their wider risk management frameworks and investment portfolios? In this episode of (Re)thinking Insurance, Sina Thieme is joined by Niamh Carr and Mike Wilkinson to discuss how insurers can develop and implement an effective ESG strategy, as well as share their advice on getting started.
2/26/2024 • 24 minutes, 44 seconds
Talking Tech special: Dynamic Products
In this episode, recorded live on stage at the European Insurance Leaders Forum, Charlie Samolczyk is joined by Iain Whittingham and Magdalena Ramada to discuss what ‘Dynamic Products’ are, and how they impact insurance.
2/16/2024 • 16 minutes, 48 seconds
Registered index-linked annuities: How they work, market growth, trends and outlook
In this episode, our experts take a comprehensive look at registered index-linked annuities.
2/7/2024 • 36 minutes, 39 seconds
The top ten challenges facing Chief Risk Officers in life insurance for 2024
As the global life insurance industry continues to undergo significant change, Chief Risk Officers (CROs) have an increasingly pivotal role to play in ensuring their organizations adapt. With new regulation being introduced, arising external environmental changes and evolving risks – what are the biggest issues facing the risk function in 2024? In this episode of (Re)thinking Insurance, Mark Mennemeyer is joined by Philip Tervit and Niamh Carr to explore the top ten key challenges for CROs in the year ahead; from Climate risk and Model risk, to making sense of IFRS 17 and ensuring their risk framework is operating effectively.