This week we talk to LCP’s Katie Garner about the change in the Ogden rate. We discuss:

• Summary of the new Ogden rate and how the rate was derived.

• Impacts on (in particular) motor insurance customers and insurers.

• Market reaction to the change

This week we talk to Lara Palmer and Simon Coomber from LCP about climate change and the protection gap within the insurance market, in particular looking at what actions we can take. We discuss:

• Pledges institutional investors are making to encourage the UK Government to take action on climate change.

• The rising concern about the protection gap and poverty premium within insurance and how climate change may worsen these issues further.

• Latest developments on scenario analysis for climate change.

This week we talk to Rosemary Beaver, a Non Executive Director who has also held senior regulatory, risk, compliance and governance roles. We discuss:

• Changes in the insurance industry and what to make sure we don’t lose.

• Top tips for being a great mentor and ally

• Rosemary’s role and experience working at the Financial Reporting Council

• The importance of actuaries in organisations and how to make sure your voice is heard

Welcome to Insurance Uncut – the podcast about all things insurance.

Join show hosts Charl Cronje, Jessica Snowball and guests to explore the key topics shaping the general insurance market. During this conversation, they break down key issues to help you keep up to date and understand the world of insurance better. Whether you’re an industry leader or a professional navigating the evolving insurance landscape, this podcast is for you.

Who is LCP? We are a leading consultancy advising general insurance firms across the market on reserving, capital, pricing, analytics, regulatory compliance, business transformations and more.

Find out more at https://www.lcp.com/en/insurance

Day 3 of our special mini-series recorded live at the GIRO Conference in Birmingham. Today we caught up with:

• Adam Smylie and Jade Lagrue from LCP who along with Neil Gedalla won the Brian Hey Prize for their paper on ‘Parameterising Capital Modelling Volatility: Allowing for Changes in Volume’.

• Caroline Maguire about her presentation on Decisive mindset: enhancing intuition and emotional intelligence for swift decision-making in the insurance industry.

• Nadeen Griffiths from LCP about her presentation on dependency modelling: combining statistical learning with expert judgement.

• Hassan Morsy who is a business development manager for the IFoA.

• Wendy Kriz-Evans from LCP about her presentation on influencing the future: empowering actuaries to lead with confidence.

Day 2 of our special mini-series recorded live at the GIRO Conference in Birmingham. Today we caught up with:

• Josie Durley from Nephila Syndicate Management Limited and Sarah Grimshaw from RiverStone International about their presentation on Reserving for climate change – the emerging risk frontier

• Robert Scarth from AXIS Capital about his presentation on Risk aggregation: comparing the covariance method with simulation methods.

• Laura Curtis, Chair of the General Insurance Lifelong learning Committee, who are responsible for organising GIRO.

• Catherine Drummond and Melissa Tam from LCP about their presentation on the findings from their 2024 global market-wide reserving and transformation research.

Day 1 of our special mini-series recorded live at the GIRO Conference in Birmingham. Today we caught up with:

• Chehak Jain and Paul Goodenough from AXA XL about their presentation on cyber: the evolving threat landscape and the reserving challenges.

• Kartina Tahir Thomson, President of the IFoA, about her aims for the year and what she is looking forward to at GIRO.

• Jake Iveson, who is an Actuary at Oliver Wyman and Chair of the General Insurance Research and thought Leadership Committee.

• Raluca Stefan, Hamda Mosoud and Kamran Garcha from Grant Thornton and the IFoA working party ‘measuring sustainability in the absence of metrics and measurements’ about modern slavery.

• Sheena Suchak, Head of Validation at Lloyd’s and Tom Durkin from LCP about their presentation on topical issues for capital modelling and validation.

This week we talk to Sam White, founder and global CEO at Stella Insurance and Founder and Chair of Freedom Services Group. We discuss:

• Sam’s journey as an entrepreneur and lessons learnt along the way

• Designing insurance products for women

• Being a regular on the BBC, Radio 4 and more

This week we talk to Annabel Carpenter and Richard York-Weaving from LCP about their recent projections of UK home and motor insurance market performance. We discuss:

• Projected market-level combined ratios over the next two years

• What is causing the lower frequency, higher severity claims environment?

• How inflation may change going forward

• Personal injury discount rates in Scotland and Northern Ireland

This week we talk to Robert Chaplin, a Partner and Head of the Financial Institutions Group in Europe at Skadden. Rob works in the insurance and asset management sectors and hosts his own podcast ‘The Standard Formula: A Guide to Solvency II’. We discuss:

• Has Solvency II met its original objective?

• Is there appetite in the market for legislators to change the regulation?

• Are we going to see a greater globalisation of standards?

• What else might we expect for Solvency UK?