Revolutionizing Risk Transfer | 2024: An Insurance Odyssey

Revolutionizing Risk Transfer: Insights from Andy Marcel, CEO of of Risk Capital and CEO of Reinsurance Solutions at Aon.

Join us for an enlightening session as we delve into the complexities of modern insurance and reinsurance. Explore the key challenges faced by insurers today, from climate change and digital disruption to advanced risk modelling and AI. Learn about the strategic tools and technologies Aon employs to help clients navigate these challenges and remain competitive. Don't miss out on these valuable insights to stay ahead in the evolving insurance landscape.

Panel Speakers:
Andy Marcell, CEO of Risk Capital and CEO of Reinsurance Solutions - Aon
Robin Merttens
, Chairman -
InsTech

After our sell-out half-day event in New York on the 14 March, we were back at Google but in a bigger space at their shiny new venue in St. John’s Terminal, NYC.

Despite the increased investments in technology over the past years, expense ratios and underwriting profits have remained at the same levels as they were a decade or two ago. Insurance has changed, but only incrementally – more evolution than revolution.

The industry is still a long way from realizing the full potential that technology can bring. A world that is highly automated, providing a broader range of highly customized products, priced and delivered better. But how do we get to that endgame – evolution, revolution or a bit of both?

You joined us in New York on June 4th – 2024: An Insurance Odyssey – the voyage from evolution to revolution.

In collaboration with Google Cloud, Aon, AdvantageGo, Unqork, and Indico Data, we explored the following:

-The potential benefits from re-imagining broker/carrier data exchange.
-Enterprise-ready AI capabilities matched to the industry’s needs.
-How technology and data ecosystems can streamline risk assessment and pricing.
-How the technology of today can deliver the underwriting world of tomorrow.

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00:00 Introduction to Andy Marcel and Session Overview
00:26 Current Challenges in the World of Insurance and Reinsurance
02:12 Reinsurance Solutions and Capital Management
04:21 The Aon Perspective
07:15 Client Needs and Insurtech Insights
10:02 Final Advice for Insurers