Airmic 2017: workshops getting booked up

A5: Cyber breach - not if, but when

This workshop will review how businesses can identify and reduce cyber risks using their existing capabilities, and discuss why discovering a cyber breach need not be all bad news. It will address the likelihood of a breach, and what it and the incident response may look like.

Presented by a panel consisting of: Peter Hawley, cyber underwriter, HDI Global SE; Nick Andrews, head of insurance risk, ED&F Man; Hans Allnutt, partner, DAC Beachcroft; Stuart Peck, cyber security strategist, ZeroDayLab.

B1: Product liability, product recall & loss control

Overheating mobile phones and salmonella in ice cream have recently led to safety alerts or recalls. As regulatory requirements become more stringent, the likelihood of product recalls will increase - with the potential for financial loss and damage to a company's brand and reputation.

This session will cover product recall trends, exposures, coverage triggers and crisis management. It will examine recent incidents and discuss the lessons learnt, how to reduce the impact of recalls, new regulation and enforcement strategies and risk management, including supply chain issues.

Presented by Allianz Global Corporate & Specialty

B7: Penetration testing and scenario exercising

This workshop will address best practice in the management of cyber security risk, particularly in relation to the mitigation of current and emerging threats. With reference to the stated goals of the EU General Data Protection Regulation (GDPR), this session will address the development and expansion of an organisation's information security policy and cyber risk management strategies and identify how critical security controls impact cyber-attack risk. Presenting contemporary case studies, it will also cover penetration testing and vulnerability readiness. This workshop is intended for any person with a responsibility for mitigating cyber risk or indeed anyone with an interest in cyber security.

Presented by Joe Coltson, managing director, forensic technology, eDiscovery and cyber security, Duff & Phelps; Nick Johnston, vice president of cyber security, Duff & Phelps; James Weare, vice president of cyber security, Duff & Phelps.

C1: Using scenario planning crisis simulations to model risk exposures

In today's dynamic environment, analytical planning is vital to identifing a company's risk appetite. Most companies have developed a risk register but how prepared are they for potential risk exposures? This workshop will run through real scenario planning for a common risk to identify and expose the "unknown unknown". Attendees will explore what resilience means for their company, what best practice looks like in practice - not just in theory - and gain first-hand experience of a crisis stress test.

Presented by Paul Collins, AVP, Property, Allied World and Russ Timpson, CEO, Horizonscan.

C2: The challenges of dealing with international property and business interruption claims

Claims arising in non-UK territories can bring particular challenges. When an incident occurs overseas, the impact can be felt not only locally but also in the rest of the organisation. What are the key areas to consider when dealing with claims?

For risk managers responsible for global programmes, good collaboration between stakeholders is critical yet this can be challenging. Many problems that arise on claims come down to differing cultures, communication, reporting and relationships. 

Based on real claims examples, this session will look at some of the practical challenges, pitfalls and lessons learned from dealing with international property damage / business interruption losses to help achieve successful claims outcomes.

Presented by Candy Holland, managing director, Echelon Claims Consultants, together with others from the Echelon team.

C3: The FRC Corporate Governance Code (risk appetite, culture and behaviours)

A panel of experienced practitioners will share their insights from working with large, global clients and their boards. This will be an interactive session with an open discussion, aimed at risk managers of listed companies, as well as those interested in learning more about how to influence people risk and risk culture.

To enrich the debate, we ask if you would answer two questions on leadership attributes and engagement in support of the Code. Please click here to complete our short survey.

Presented by Willis Towers Watson.

C5: IPT compliance: the life cycle of a captive

With ever-increasing compliance demands across the insurance industry, captive insurers may not always have the additional resourcing capacity needed to make the many additional, varying, and often onerous, requirements from cross-border policies and global insurance programmes. This workshop provides all involved in captive insurance programmes with the opportunity to discuss and raise key compliance concerns. Using real case studies and their experiences in the captive and insurance industry, FiscalReps will look at the annual compliance requirements of a captive including reporting requirements, levels of data collection required along with the varying premium tax and para-fiscal compliance requirements of the numerous tax authorities. There will also be a focus on tax authority activity across Europe and globally.

Presented by FiscalReps.

C6: Cyber Insurance - Growth & development...Where will it be in the next five years?

The cyber insurance market has grown exponentially in the last five years, and most stakeholders are predicting this growth to continue, driven by evolving legislation and increasing losses. This workshop will bring together Lloyd's market practitioners and Airmic members to examine what insurers and risk managers should expect of each other in developing and pricing insurance solutions against the backdrop of an ever-changing cyber insurance market. The session will highlight some of the key innovations relating to cyber insurance being developed in the Lloyd's market, and assist risk managers in identifying the most appropriate cyber insurance solutions for their businesses.

Presented by a panel consisting of: Christian Stanley, Lloyd's; James Burns, CFC; Patrick Hill, DAC Beachcroft; Alessandro Lezzi, Beazley; Katie Moore, Vodafone; William Wright, Paragon.

D2: Why insurance should be key to managing cyber risk

The workshop will cover topics including: the cyber readiness of UK organisations, where organisations should be focusing their attention, and why insurance is a key tool to both understand and transfer cyber risk. Several of the myths and misconceptions associated with cyber insurance will also be discussed.

Attendees will leave this workshop with a clearer picture of why cyber is not just an “IT issue”, together with a series of simple questions that every organisation should be asking themselves to assess their cyber preparedness.

Presented by Peter Johnson, Marsh UK cyber advisory leader

D5 : Innovation in data sharing: are you ready to share your digital risk footprint?

Technology is rapidly changing the business environment in which we operate. Insurance is not excluded from that, in terms of how its customers can access data and new products whilst also managing risk. This workshop is an opportunity to discuss how we can maximise the opportunities presented by new technologies in the insurance industry. It will address some of the key challenges around data sharing and ways of capturing, managing and analysing risk. It will also look at what the future of the industry could look like.

Presented by David Roberts and Camilla Chandra from Zurich, supported by Claire Combes from intu.

D7: Complex claims disputes in the Insurance Act era

The introduction of the Insurance Act 2015 and the Enterprise Act 2016 has reframed the expectations of how the market approaches commercial insurance placement. Mactavish has been at the forefront of this period of change, examining the complex implementation challenges and assisting policyholders to develop robust strategies to manage the change effectively. This workshop will examine and explain the changing dynamic of large / complex claims in the Insurance Act era and will include a discussion on practical strategies which Airmic members can implement pre-loss and post-loss to maximise the certainty of policy response.

Presented by Bruce Hepburn, Mactavish CEO, and David Hertzell, Mactavish senior adviser.