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Lessons Learnt from Covid-19 – Enhancing Resilience in the Insurance Industry

3 September 2020

Online
Lessons Learnt from Covid-19 – Enhancing Resilience in the Insurance Industry

CPD Certified

As a member of the CPD (Continuing Personal or Professional Development) Certification Service the IUA is committed to providing high quality training activities. IUA market briefing events are certified as being suitable for CPD purposes. To obtain a self assessment form for any particular event please email Deborah Finch (deborah.finch@iua.co.uk). These forms will be issued after each individual event upon request.

This International Underwriting Association (IUA) on-line market briefing will review a recent pre-Covid-19 business continuity survey and discuss readiness, crisis management and long-term strategic implications for the industry.

The Covid-19 pandemic is affecting millions of individuals and businesses around the world, becoming a health, economic and business crisis.

The insurance industry is being disproportionally affected: claims have spiked in areas such as travel insurance, event cancellation and business interruption and volatile financial markets have made it almost impossible to steer the investment portfolio.

How has the insurance industry coped? While most firms seem to have weathered the crisis to date, it appears that few did so in the manner laid out in their pre-Covid-19 business continuity planning. With hindsight, the UK regulators’ focus on operational resilience, as opposed to simple disaster recovery planning, has thus proven to be prescient. It seems likely that regulators will soon expect firms to report – in some form or other – on their takeaways from the pandemic experience.

At this remote Market Briefing event, IUA guest speakers will discuss their recently completed survey, based upon discussions with senior stakeholders and Risk Managers in insurance. Discussions reviewed pre-Covid-19 business continuity readiness include crisis management and the long-term strategic implications for the industry. This presentation will provide an overview of the findings and conclusions in helping analyse risk going forward.

Details

Date:
September 3, 2020
Time:
2:00pm - 3:00pm BST
Category:
, ,

Venue

This is an online event

Organiser

International Underwriting Association
Phone:
+44 (0)20 7617 4444
Email:
info@iua.co.uk
Website:
https://www.iua.co.uk/

Other

CPD text
As a member of the CPD (Continuing Personal or Professional Development) Certification Service the IUA is committed to providing high quality training activities. IUA market briefing events are certified as being suitable for CPD purposes. To obtain a self assessment form for any particular event please email Deborah Finch (deborah.finch@iua.co.uk). These forms will be issued after each individual event upon request.