Gamechangers IRUA Annual Members Meeting Executive Roundtable - PowerPoint PPT Presentation

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 Distribution Aspen Re Mike Sowa & Marketing/Global Accounts President, GRS North America Ironshore Shaun Kelly Specialty and President

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

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

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

The Market Cycle Over the Past 20 Years Tornado Moving on Losses Up Again Peak Profitability Source: SNL

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

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

Expense Ratio Challenges Average = 27.3 Root Insurance Company Metromile Auto Normalizing? Insurance Lemonade Insurance Company Source: S&P Global & https://future.inese.es/five-dispatches-insurtech-survival-island/

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

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

Emerging Risks

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!

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

Insurance Industry Make Up Of Executives are older than 45 Of CEOS are older than 55 Sources: Bureau of Labor and Statistics, S&P Global

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%