Gamechangers IRUA Annual Members Meeting Executive Roundtable - - PowerPoint PPT Presentation

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Nov 19, 2022 118 likes •293 views

Gamechangers IRUA Annual Members Meeting Executive Roundtable Gamechangers Moderator Head of Corporate Strategy Holborn Corporation Stephanie Gould Rabin Speakers President & CUO Axis Re US Jon Colello Managing Director-Global

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IRUA Annual Members Meeting Executive Roundtable

Gamechangers

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Gamechangers

Moderator Speakers Stephanie Gould Rabin

Head of Corporate Strategy Holborn Corporation

Jon Colello

President & CUO Axis Re US

Shaun Kelly

President, GRS North America Specialty and President Ironshore

Mike Sowa

Managing Director-Global Distribution & Marketing/Global Accounts Aspen Re

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Gamechangers

Executive Roundtable

Emerging Risks Strategic Planning Operational Efficiencies The Race for Talent and Succession

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LIVE POLL

Bitcoin’s price, over the last 12 months, has ranged from $1,040 to $19,174, and was recently $8,914 as compared to $1 USD. A year from now, will the price be… A) Less than $1,000 B) Over $1,000, but below $7,500 C) Over $7,500, but below $20,000 D) Over $20,000

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Gamechangers

Executive Roundtable

Emerging Risks

Strategic Planning

Operational Efficiencies The Race for Talent and Succession

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The Market Cycle Over the Past 20 Years

Source: SNL

Peak Profitability Tornado Losses Moving on Up Again

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LIVE POLL

When was your company’s strategic vision or mission last updated? A) Mission? What’s that? B) So long ago I can’t remember C) Why bother updating? D) Within the last 5 years E) It’s in the works

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Gamechangers

Executive Roundtable

Emerging Risks Strategic Planning

Operational Efficiencies

The Race for Talent and Succession

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Expense Ratio Challenges

Source: S&P Global & https://future.inese.es/five-dispatches-insurtech-survival-island/

Average = 27.3 Normalizing?

Metromile Auto Insurance Root Insurance Company Lemonade Insurance Company

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LIVE POLL

Has your company embarked on a significant expense reduction and/or efficiency program? A) On the horizon – Next 12 months B) Already in Progress C) In Progress and we’re seeing results D) No Plans

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Gamechangers

Executive Roundtable

Emerging Risks

Strategic Planning Operational Efficiencies The Race for Talent and Succession

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Emerging Risks

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LIVE POLL

Do you offer to your clients any of the new “hot” products on the market like Cyber or Cannabis or Flood? A) Absolutely B) Not Yet, but working on it C) No, simplicity is the best offer D) Absolutely, but even more!

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Gamechangers

Executive Roundtable

Emerging Risks Strategic Planning Operational Efficiencies

The Race for Talent and Succession

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Sources: Bureau of Labor and Statistics, S&P Global

Insurance Industry Make Up

Of CEOS are

lder than 55

Of Executives are

lder than 45

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LIVE POLL

What percent of U.S. business students would put at least one insurance company in the top 5 “ideal employees”? A) Less than 5% B) 5-10% C) 10-15% D) 15-25% E) over 25%