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The impact of global developments on innovation and growth in the insurance sector will be the focus of the Guernsey Insurance Forum 2016.
The event, titled ‘Future stars – where next for the (re)insurance market?’, takes place on Wednesday 21 September at etc.venues, 8 Fenchurch Place, London, and will bring together experts from across the insurance industry to discuss the sector’s hot topics. Most notably, the event will seek to identify which insurance centres are best placed to adapt to and focus on new structures, particularly in reinsurance.
“I am excited by the emerging opportunities in the insurance sector and the Guernsey Insurance Forum provides the perfect platform for our range of expert panellists to tell us more about them,” said Guernsey Finance Chief Executive Dominic Wheatley.
“Guernsey is well-known as the number one captive insurance domicile in Europe, but we have shown our adaptability and expertise in recent years through our fast-moving insurance-linked securities businesses, our new engineering of longevity risk for pension funds and our developing attraction as a jurisdiction for new commercial reinsurance companies – something we hope to see expand further in the coming years.”
The half-day event will feature two panel sessions and be moderated by ITV News presenter Alastair Stewart. A keynote speaker will be announced shortly.
The first panel session will focus on structural innovation in the marketplace and centres of excellence. Panellists comprise Mark Cook of Willis Towers Watson; Mark Helyar of Bedell Cristin; David Clissitt of Deloitte and Oliver Schofield of RKH Reinsurance Broking.
The second panel session will look at market developments, particularly in the area of reinsurance, as well as drivers of innovation and the key growth ingredients. Panellists for this session include Niklaus Hilti of Credit Suisse; Caroline Bradley of the Guernsey Financial Services Commission (GFSC); Julian Walker of Nomura International and Steve Britton of Aon Captive and Insurance Management.
Mr Wheatley said the event will appeal to reinsurance professionals, captive managers, insurance companies, actuaries, lawyers, accountants and risk managers.
“Our speakers are of the highest calibre and will provide the audience with a significant level of detail and technical expertise. The nature of the event will also provide an opportunity for delegates to question panellists and speakers and put across their own views, as well as take advantage of the networking opportunities available,” he said.
Figures to the end of last year showed that there were a total of 804 international insurers licensed in Guernsey at the end of 2015, comprising 242 limited companies, 64 Protected Cell Companies (PCCs), 444 PCC cells, 13 Incorporated Cell Companies (ICCs) and 41 ICC cells. It was the first time that the end-of-year figures from the GFSC had recorded the Island being above the 800 threshold.
‘Future stars – where next for the (Re)insurance market?’, which is free to attend, takes place from 1.30pm on Wednesday 21 September and will be followed by a drinks reception at 5pm. The event is hosted in conjunction with the Guernsey International Insurance Association (GIIA). Sponsors are Aon, Appleby, Artex Risk Solutions, Bedell Cristin, BWCI, EY, Ogier, Royal London Asset Management and Willis Towers Watson.
