Preconference Day: Summits & WorkshopsMonday, 18 November 2024 - GMT (Greenwich Mean Time, GMTZ)

Challenges, opportunities and emerging risks insurers need to be aware of

How can insurance companies create long-term value in today’s world? Re-evaluating investment opportunities, risk prevention strategies, modernising and staying relevant in a multi-crisis environment and an increasingly competitive marketplace

(DORA, EU AI Act)

We’ll reflect on stage together with fellow CROs how Risk functions have evolved so far, what key drivers for change will be in the coming 5-10 years, the gaps to the current status and how the change should be managed.

In the evolving landscape of Australia's banking and insurance sector, the effective management of non-financial risks and the fostering of a robust risk culture are crucial for long-term stability and trust. Reflecting on past regulatory reviews and industry practices, Peter will share his experiences and insights on integrating risk management into business management and promoting a culture of accountability in this key sector of Australia’s economy.

Here the objective is to deliberate on how AI and Generative AI strategies are getting formed, translating from buzz to reality. How risk leaders are on the front foot with it, and ensuring 'risk' provides a competitive advantage. Speakers will be sharing their perspectives on Gen AI adoptions in governance, risk and compliance functions for insurers and reinsurers, along with how AI can enable continuous assurance

Risk managers are integrating climate scenarios in their enterprise risk framework. They need precision and granularity to optimize investments

How are we measuring value whilst mitigating risk?

What have been some of the pitfalls so far and where does the opportunity lie?

Primary insurers require the reinsurance giants to participate in their underwriting risks of meteorological and other catastrophic impacts to be able to address the market. The reinsurance market is currently heavily in favour of reinsurers both with respect to price and to underwriting terms. The catastrophe bonds market has printed substantial profits since the last serious meteorological event (which occurred September 2022).

Risk management rests on analysis of historic events (such as Miami 1926) and advanced simulation. A number of techniques and critical uncertainties around climate modelling and adverse weather modelling from first physical atmospheric principles as well as mathematical and computational bottlenecks will be investigated.