Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode, we dive into the world of insurance innovation with Rosie Denee, Head of Lloyd's Lab. Discover how Lloyd's Lab serves as the innovation engine for the Lloyd's marketplace, supporting the development of new insurance products and de-risking innovation for the market. Rosie shares insights on the evolution of Lloyd's Lab, its award-winning accelerator program, and the significant partnerships that drive innovation in the insurance industry. Tune in to explore the challenges and opportunities in insurance innovation and how Lloyd's Lab is shaping the future of the industry.

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Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode, we dive into the world of insurance innovation with Rosie Denee, Head of Lloyd's Lab. Discover how Lloyd's Lab serves as the innovation engine for the Lloyd's marketplace, supporting the development of new insurance products and de-risking innovation for the market. Rosie shares insights on the evolution of Lloyd's Lab, its award-winning accelerator program, and the significant partnerships that drive innovation in the insurance industry. Tune in to explore the challenges and opportunities in insurance innovation and how Lloyd's Lab is shaping the future of the industry.

We hope you enjoyed this episode, if you did please subscribe to be notified when new episodes release.

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Welcome to Insurance Covered, the podcast that covers everything insurance.

In this conversation, Peter Mansfield and Lorcan Hall explore the critical yet often overlooked role of insurance in achieving the United Nations' Sustainable Development Goals (SDGs). They discuss the current status of the SDGs, the significant funding gap needed to meet these goals, and the reasons why insurance is frequently ignored in development agendas. They discuss the importance of integrating insurance into sustainable development strategies and provides insights from research on how the insurance industry can better articulate its value to public sector organizations.

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keywords: insurance, sustainable development, SDGs, UN 2030 Agenda, climate change, financial systems, risk management, funding gap, insurance industry, public sector, sustainable development, innovation, partnerships, SDGs, insurance, economic growth, societal impact, climate change, resilience, private sector

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Welcome to Insurance Covered, the podcast that covers everything insurance.

In this conversation, Peter Mansfield interviews Andy Creed about runoff and legacy insurance, exploring its significance in the insurance ecosystem. They discuss the evolution of the legacy market, Riverstone's role, the reasons insurers sell their books of business, and the value proposition for Riverstone. The conversation also delves into the differences between reinsurance and legacy insurance, the importance of relationships, active claims management, and the nature of legacy claims. Andy shares insights on the future of the legacy insurance sector and offers career advice for those interested in this field.

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keywords runoff insurance, legacy insurance, Riverstone Group, insurance market, claims management, reinsurance, insurance liabilities, insurance transactions, insurance career, insurance ecosystem

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Welcome to Insurance Covered, the podcast that covers everything insurance.

In this episode, Peter Mansfield is joined by Heidi McCormack, CEO at Emerald Life, to discuss the importance of diversity and inclusion in the insurance industry, focusing on the unique challenges faced by underrepresented groups, particularly the LGBTQ+ community. Heidi shares her journey from working in Russia to co-founding Emerald Life, an insurance company dedicated to addressing the needs of diverse populations. They explore the barriers to insurance uptake, the discriminatory practices within the industry, and the innovative steps Emerald Life is taking to create inclusive products and services. The discussion also touches on the importance of feedback and continuous improvement in serving their customer base. In this conversation, Peter Mansfield and Heidi McCormack discuss the evolving landscape of community and inclusion within the insurance industry, emphasizing the importance of diversity, addressing unconscious bias, and the future of insurance products. They explore how businesses can champion equity and the necessity of compassion in customer interactions.

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keywords insurance, diversity, inclusion, LGBTQ+, underinsurance

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Welcome to Insurance Covered, the podcast that covers everything insurance.

In this episode, Peter Mansfield speaks with Michael Keating, CEO of the Managing General Agents Association (MGAA), about the role and evolution of Managing General Agents (MGAs) in the UK insurance market. They discuss Michael's journey in the insurance industry, the definition and purpose of MGAs, the benefits they provide to insurers, and the current landscape of MGAs in the UK. The conversation also covers the regulatory environment, the importance of underwriting talent, the impact of technology, and the future outlook for MGAs. Michael emphasizes the buoyancy of the sector and the opportunities it presents for those looking to work in insurance.

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Keywords: MGAs, insurance, underwriting, regulation, claims, technology, parametric products, insurance market, MGAA, insurance careers

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Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Wajahat Khawaja and the topic of discussion is Takaful, an Islamic form of insurance.

This conversation explores the concept of Takaful, an Islamic form of insurance based on principles of solidarity and mutual cooperation. Wajahat Khawaja, an expert in the field, discusses the historical context, market growth, and the importance of Sharia compliance in Takaful. The discussion also delves into the ethical implications of Takaful, its appeal to non-Muslims, and the future potential for growth in various regions, including the UK. The conversation concludes with personal reflections on faith and the significance of Ramadan.

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keywords Takaful, Islamic insurance, Sharia compliance, mutual cooperation, insurance market growth, ethical investment, faith and insurance, re-Takaful, contributions, global Takaful

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Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is once again joined by podcast regular Paul Miller and the topic of discussion is the role of insurance during WWII.

In this episode, Peter Mansfield and Paul Miller explore the intricate connections between World War II and Lloyd's of London, marking the 80th anniversary of VE Day. They delve into personal stories, the operations of Lloyd's during the war, and the impact of significant events such as Dunkirk and the Battle of Britain. The conversation highlights unique insurance stories, the contributions of Lloyd's staff on the home front, and the tragic tale of the City of Benares. The episode concludes with a reflection on the commemoration of those from Lloyd's who served in the war.

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Keywords: World War II, Lloyd's of London, Dunkirk, Battle of Britain, insurance history, VE Day, military history, insurance stories, home front, maritime losses

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Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is once again joined by Crum & Forster CEO, Marc Adee and they discuss the fall and rise of an American insurer and Marc's book; 'The Once and Future C&F'.

In this conversation, Peter Mansfield and Mark Adee discuss the history of Crum and Forster, an American insurer, focusing on its rise, fall, and eventual resurgence. They explore the origins of the company, its innovative business model, the challenges it faced during the 1960s and 70s, and the lessons learned from its eventual sale in 1982. The discussion highlights the complexities of the insurance industry and the importance of understanding market cycles and financial discipline. In this conversation, Marc Adee discusses his experiences and insights from his time in the insurance industry, particularly focusing on his tenure at Crum & Forster and the challenges faced by Xerox in the insurance sector. He emphasises the importance of corporate culture, the need for stewardship in business, and the lessons learned from navigating market challenges. Adee also reflects on the evolution of Crum & Forster and the significance of understanding the insurance business deeply.

You can download a free copy of the book here.

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keywords Crum and Forster, insurance history, American insurer, Marc Adee, Peter Mansfield, Fairfax Group, insurance industry, corporate structure, market cycles, financial discipline, Xerox, insurance, Crum & Forster, corporate culture, leadership, business strategy, financial services, market challenges, stewardship, insurance industry

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Welcome to Insurance Covered, the podcast that covers everything insurance.

In this episode, Peter Mansfield interviews Natalie Graham, the global head of claims at Mosaic Insurance, to discuss the intricacies of Directors and Officers (D&O) Insurance. They explore the definition, scope, and liabilities associated with D&O insurance, including the types of claims that can arise against directors and officers. Natalie shares insights on unusual claims, securities claims, and the global perspective on D&O insurance. The conversation also delves into who purchases D&O insurance, conflicts of interest, coverage and exclusions, and the scale of losses in the D&O insurance market. Finally, they discuss current issues and future claims in the D&O space, as well as advice for aspiring claims professionals.

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keywords Directors and Officers Insurance, D&O Insurance, Liability, Claims, Securities Claims, Insurance Policies, Corporate Governance, Risk Management, Insurance Market

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