Practical LawConferences

The page will be updated with further details on the agenda once they are confirmed.

• Overview of the shape of the current market
• The future of the London Market
• Implications of Brexit
• Importance of scale and the resultant likelihood of further M&A activity
• Has disruption already happened?
• The role of the broker/insurer/MGA
• Regulation v Innovation
• Is big data important?
• Underinsurance and the insurance gap – the role of public/private partnership
• Cyber and other “uninsurable” perils

• Are people sensing the FCA is lightening up?
  • Are sanctions also softening?
• How is the PRA currently perceived?
• Examining the FCA’s initiatives on Transparency across the market
  • Does it impact on market integrity and competition? What will be the cost to the industry?
  • What will be the impact on intermediaries?
• What is the perception of the European Supervisory Authorities (ESAs) and how they currently exercise their authority?
• What is the future for the PRA and FCA?

In order to increase your exposure in new jurisdictions, many companies will tap into new markets. What steps do you need to undertake to do this in a compliant way and minimise costs?

• Update on FCA’s work in this area
• Impact of the Insurance Distribution Directive (IDD)
• How to remain compliant
• Effectively auditing the underwriters
  • Ensuring wording in contracts remain robust
• Is the lack of contract drafting specialists opening up contracts to litigation claims?
  • Examining cases of Lloyds electronic placing platform
• Who is responsible for ensuring that products are marketed to the right people?
• What are the implications of a possible Brexit?

• How has the industry reacted to the regime?
• What processes have companies had to go through to embrace the changes?
• What are the expectations of GCs and senior executives in the boardroom? Examining individual responsibility and the sorts of behaviour it has driven? Has it placed more burden on businesses?
• What have been the challenges and successes to date?
• Where is it going in the future and 2018?
  • Will it be more like the banking regime?
  • Checklist for preparation

• What changes are we seeing now?
  • With the rise of the CRO (Chief Risk Officer), what impact does that have on the GC?
• Should compliance teams be staffed by lawyers?  How should the legal teams and compliance teams collaborate effectively?
• What would you outsource? What would you look for from your lawyers?
• How do you staff your teams?
• How much do you outsource to external law firms?
• What is the added value that GCs expect from their law firms?

• How will insurers and brokers work together to avoid litigation and agree on disclosure procedures?
• Will the way claims are handled change?
• How can you avoid disputes and litigation?
• What sort of clauses will insurers want to negotiate?
• Who is responsible for collecting the information?
• What have people’s experiences been?
• What changes will there be for IT systems?

This session will offer a commercial and legal angle as to the practical steps you need to do to ensure you are compliant with the new Data Protection Regime:

• Big Data on the rise: its meaning and relevance to the insurance industry
• Is underwriting changing because of the rise in Big data?
• Data protection: understanding the line of compliance
• What are the risks that could impact your business?
• Who pays the disclosure bill?

Hear from companies who are innovating and leading the way with the support of FinTech to come up with new products and services which are changing the landscape. Hear how these changes could impact your business.

• Embracing digital transformation to improve efficiencies and add value when being innovative
  • How is digital changing the way insurance is being sold and managed? What lessons have been learnt from the e-industry?
  • The evolving role of underwriters in this space
• How will this change impact the way we deal with customers?
• What steps are needed to go from conception to completion?
• How do you get authorisation to avoid the cost?
• What is the impact for intermediaries and brokers?
  • What will they need to do in the future to keep up?

• Examining different types of risk and evolving risk across your business and the insurance industry
  • Is there a point where risk becomes a steady state? Is risk evolving too fast to underwrite?
  • Are there new risks that haven’t been seen before?
• What will be the regulator’s future focus? Where does Big Data register on the risk scale?
• Identifying and mitigating the risks of cybercrime
• Potential strategies for reporting on cybercrime
• What are the risks of cyber crime that your board should know about?
• What makes your company a target for cybercrime?
• Managing your reputation during times of crisis: impact of social media