All times are in British Summer Time (BST)
Tuesday 8th December
13.55-14.00 | Delegates Join Online Meeting Using Credentials Provided at Registration | |
14.00-14.05 | Welcome Remarks: Daniel Creasey, Managing Director, Cannon Events Ltd | |
14.05-15.10 | Panel Discussion: The Future at Lloyd’s Blueprint 2 | |
This session will examine what the Future of Lloyd’s Blueprint 2 could mean for marine insurance. Delegates will hear views from an experienced insurer, a member of the under 35’s, an industry veteran, Lloyd’s themselves and a claims broker. Blueprint 2 is a bold vision – what challenges lie ahead? | ||
Moderator: Neil Roberts, Head of Marine Underwriting, Lloyd’s Market Association Speakers: Melis Otmar, Claims Director, BMS Group Stuart Newcombe, Active Underwriter, Munich Re Innovation Syndicate Hugh Selka, Underwriter Marine & Special Risks, Tokio Marine Kiln George Tsavliris, Non-Executive Chairman, Oneglobal Greece, and Cyprus Louise Smith, Chief Digital Officer, Lloyd’s of London
By the end of the 65-minute panel discussion, delegates will be able to: 1. Explain some of the key objectives of the Future at Lloyd’s Blueprint 2 2. List some of the reasons the Future at Lloyd’s Blueprint 2 objectives have been put in place 3. Identify some of the challenges of delivering the Future at Lloyd’s Blueprint 2 | ||
15.10-15.40 | Networking Session | |
During this time, a peer-to-peer networking session will take place. | ||
STREAMS | MAIN STAGE | SESSIONS |
15.40-16.00 | Presentation: The Technology Trends Most Affecting Marine Insurance in the Next Five Years | Presentation: How Can the Uncertainty be Taken out of Salvage? |
Entering 2021, most agree that the industry will change rapidly in the next five to seven years. Technology trends such as automation, analytics and IoT, and business trends such as insurance on demand and ecosystem distribution will all affect the industry, but it’s when you put them together that it becomes really interesting. | Managing expectations and providing a degree of certainty is what sets salvage companies apart. Activity in the sector has been disrupted over the last nine months. How are things likely to change going forwards, with possible restrictions on movement and people thus creating increased time-based costs? | |
Presenter: Ronny Reppe, Chief Executive Officer, Noria Insurance Solutions | Presenter: Berend Jan Zonneveld, Global Operations Director, Smit Salvage | |
16.00-16.20 | Presentation: Stay Ahead of Sanctions | Presentation: Your Sustainable Profitability, Powered by Insurtech |
The threat of sanctions looms large over the marine insurance industry. Windward will talk about how behavioral analytics and the creation of vessel operational profiles not only provides a deeper understanding of casualty risk, but also enables insurers to stay on the right side of the law in 2021 and beyond. | Steep peaks and troughs in the maritime insurance market have proved an industry-killer. Businesses are suffering due to policies that are both more expensive and offer increasingly narrower coverage. Fortunately, Insurtech is finally moving into the maritime spot freight market—providing relief and fresh approaches. Data from existing platforms combined with predictive analytics is powering the granular underwriting necessary to deliver dynamic pricing and instant, pay-as-you-go coverage—all while increasing margins and protecting cash flow. | |
Speaker: Ross Davis, Commercial Director for Maritime and Insurance, Windward | Presenter: Johnny McCord, Chief Executive Officer & Founder, Loadsure | |
16.20-17.00 | Panel Discussion: Understanding and Managing Geopolitical Risk in the Marine Industry | Panel Discussion: Container Ship Fires |
International conflict, violence and war are key international drivers of geopolitical risk, but closer to home these interlinked risks often emanate from a combination of trade and economic policy change, climate and new regulations, to name but a few. Geopolitical risk impacts all parts of all organizations. This session will look at how to get to grips with this increasingly tough challenge.
By the end of the 40-minute panel discussion, delegates will be able to: 1. Describe different methodologies of assessing geopolitical risk 2. Identify the impact of the U.S foreign policy in various regions 3. Specify how sanctions are impacting marine insurers | Major fires on container ships are among the worst hazards for shipping and open the door for huge claims. Is endlessly increasing firefighting capabilities going to get to the route of the problem? Would a standardized cargo price reduce mis-declaration and therefore overall losses on container ships?
By the end of the 40-minute panel discussion, delegates will be able to: 1. List current ways of identifying, locating and suppressing container fires 2. Identify means of auditing cargo fires 3. Describe findings of the NCB (National Cargo Bureau) report on containership fires | |
Moderator: Neal Croft, Global Client Relationship Director, Willis Towers Watson Speakers: Freddy Furulund, Director of Security and Contingency, DNK Neil Roberts, Head of Marine Underwriting, Lloyd’s Market Association Richard Young, Head of Hull and War, Beazley Frédéric Denèfle,Managing Director, Garex | Moderator: Shelley Chapelski, Partner Norton Rose Fulbright LLP Speakers: Simon Hodgkinson, Global Head of Loss Prevention, West of England P&I Club Patrick Hudson, Practice Leader, Marine, Envista Forensics Ian Lennard, President, National Cargo Bureau James Douglas, Chief Executive Officer, EXIS Technologies | |
17.00-18.00 | ROUNDTABLE DISCUSSION: Delegates wishing to participate in or simply watch the live roundtable discussion should go to the SESSIONS area on HOPIN and join the roundtable. There is also delegate networking during this period if you would prefer to go to the Networking Area. | |
17.00-18.00 | Roundtable Discussion hosted by Concirrus: Digital Marine Insurance and the Rise of the Machines Digitalisation is a hot topic in marine and wider specialty insurance. During the roundtable we will discuss how automation, digital submissions and algorithms will change the way that risk is brokered, priced and placed within the market. Moderator: Liz Churchman, Co-Founder, Emmett & Churchman Ltd
By the end of the roundtable, participants and the audience will be able to: 1. Explain what digitalization means for the marine insurance market 2. Describe 2-3 examples of where automation and algorithms have been successfully implemented in marine insurance 3. Identify processes in their organization that could benefit from automation and algorithms | |
18.00 | End of Day One | |
Wednesday 9th December
13.55-14.00 | Delegates Join Online Meeting Using Credentials Provided at Registration | |
14.00-14.05 | Welcome Remarks: Daniel Creasey, Managing Director, Cannon Events Ltd | |
14.05-14.25 | Opening Keynote Address: How Digitalisation is Empowering a Virtual Marine | |
A virtual tour of the world of marine insurtech 2020, exploring the technology adopted by key players in the market and understanding how they’re using it to improve efficiency, reduce loss ratios and develop new products and services.
By the end of the 20-minute presentation, delegates will be able to: 1. Summarise the key challenges faced by the marine insurance industry during the last 12 months 2. List the three stages of digitalisation within marine insurance and the associated benefits 3. Define where their organisation is on their digital journey and identify what they need to do to move to the next stage 4. Identify processes that have been automated within the insurance market through the adoption of technology | ||
Mark Phillips, Head of Sales, Concirrus | ||
14.25-15.10 | Panel Discussion: What is the Role of the Broker in the 21st Century? | |
This panel will focus on how brokers will add value in the new world of digitalisation and ask if marine insurers are currently providing appropriate products for their clients. It will also touch on the skills that brokers should attain to improve their client interaction.
By the end of the 45-minute panel discussion, delegates will be able to: 1. Summarise how much the role of a broker has evolved in the past ten years 2. List some of the services brokers will provide in the future 3. Define what they think the role of the broker is in the 21st Century 4. Describe how E-trading might affect the marine insurance sector | ||
Moderator: James Livett, Associate Director, London and International Insurance Brokers’ Association Speakers: Michael Burle, Global Head of Marine Division, Liberty Specialty Markets Iain Henstridge, Head of Hull, Apollo Underwriting Louise Nevill, Chief Executive Officer, U.K Marine and Cargo, Marsh JLT Specialty Patrick Jordan, Head of Marine, Ed Broking | ||
15.10-15.40 | Networking Session | |
During this time, a peer-to-peer networking session will take place. | ||
STREAMS | MAIN STAGE | SESSIONS |
15.40-16.30 | Panel Discussion: Changing with the Times? | Panel Discussion: Sulphur 2020 |
Is the shipping world changing so much that insurers are increasingly looking like an 18th Century business dressed in an 21st Century suit?
By the end of the 50-minute panel discussion, delegates will be able to: 1. Describe how the shipping industry has changed 2. Identify processes, products and services provided to the shipping industry by insurers have changed 3. Measure the right balance between human and technological innovation in the insurance journey from placement to claims resolution 4. Identify what the insurance sector could be investing in to meets the demands of its clients | 12 months into the dawn of Sulphur 2020, what impact has it had? How is it being enforced in different jurisdictions? Have there been many claims? Is there enough low-sulphur fuel available? How has Covid-19 affected the initiative?
By the end of the 50-minute panel discussion, delegates will be able to: 1. Identify issues with fuel blends 2. Specify disparity of enforcement between different regions 3. Describe how Covid-19 has impacted Sulphur 2020
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Moderator: Simon Jackson, Partner, Clyde & Co LLP Speakers: Amy Dallaway, Claims Manager, Brit Insurance Stefan Schrijnen, Chief Commercial Officer, Insurwave Sean Dalton, Head of Marine Underwriting North America, Munich Re Gregory Thomas, Chief Business Develoment Officer, Skuld | Moderator: Jos Standerwick, Chief Executive Officer, Maritime London Speakers: Daisy Rayner, Claims Manager for Europe and Africa, The Shipowners’ Club Øystein Kirchner Gjerding, Vice President, Head of Claims, Skuld Mark Smith, Loss Prevention Executive, North of England P&I Club | |
16.30-17.00 | Keynote Address: Space Technology Applications in Marine Insurance | Keynote Address: Marine Insurance Claims: Hot Topics in 2020 |
This presentation will demonstrate how space technology such as satellite tracking, Earth observation and other emerging technologies are transforming the insurance industry. Skytek will provide a demonstration of its space-adapted Marine Aggregate Tool suite, designed to provide near real-time data to enhance underwriting and risk management practice within the re/insurance industry | Poonam Melwani QC gives an overview of the key marine insurance cases of 2020 and looks ahead to what 2021 may hold.
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Speaker: Sarah Bourke, Chief Executive Officer and Co-Founder, Skytek Christian Silies, Head of Marine, Energy, Composite, AON Reinsurance Solutions | Speaker: Poonam Melwani QC, Barrister, Quadrant Chambers | |
17.00-18.00 | ROUNDTABLE DISCUSSIONS: Delegates wishing to participate in or simply watch the live roundtable discussions should go to the SESSIONS area on HOPIN and join the roundtable of their choice. There is also delegate networking during this period if you would prefer to go to the Networking Area. | |
17.00-18.00 | Roundtable Discussion hosted by Noria: How will the Digital Customer Journey Develop in the Next 3-5 Years? The Marine insurance business will always be a face to face business, but we can improve customer experience by adding digital tools.
Moderator: Ronny Reppe, Chief Executive Officer, Noria Insurance Solutions | |
17.00-18.00 | Roundtable Discussion hosted by Clyde & Co LLP: Changing with the Times? Unsigned, Unsealed and Never Delivered – The Risks of Remote Working in a 2020 (Track)Suit If legal and commercial risks are managed properly, does it matter if insurers are doing 18th Century business in a 21st Century suit? How well is the marine market handling remote working risks and is the greatest risk of all the loss of the market’s personal touch? Moderator: Simon Jackson, Partner, Clyde & Co LLP | |
18.00 | End of Day Two | |
Thursday 10th December
13.55-14.00 | Delegates Join Online Meeting Using Credentials Provided at Registration | |
14.00-14.05 | Welcome Address: Kitack Lim, Secretary-General, International Maritime Organisation | |
14.05-14.25 | Opening Keynote Address: Update IMO 2020 and IMO Green House Gas Stratedgy | |
The keynote will discuss the implementation of IMO 2020 and the status of negotiations on green house gas reduction matters.. | ||
Presenter: Roel Hoenders, Head of Air Pollution and Energy Efficiency, Maritime Environment Division, International Maritime Organisation | ||
14.25-15.10 | Panel Discussion: Emerging Risks: Brave New World – Time for an Innovative Response | |
The insurance sector needs to respond to this fluid-risk landscape with innovative solutions and services to retain its relevance. This is not time to raise the drawbridge and stick to the tried and tested methods and coverages. Customers need bespoke, reactive and flexible solutions based on cutting-edge data analysis and real-time risk assessment.
By the end of the 45-minute panel discussion, delegates will be able to: 1. Identify what challenges the fluid-risk landscape presents to marine insurers, brokers and ship owners 2. Describe how well the marine insurance industry is geared up to foster innovative responses to the challenges of emerging risks 3. Explain what innovation in the sector looks like 4. List some of the dangers for marine insurers if they do not innovate | ||
Moderator: Richard Banks, Director, Industry Research – EMEA, AM Best Speakers: Tim Pembroke, Director of Marine, QBE David Cox, Chief Executive Officer, MatthewsDaniel Lee Meyrick, Co-Lead Global Specialties and Chief Executive Officer Marine, Global Marine AON Howard Kingston, Global Head of Marine, Zurich Insurance | ||
15.10-15.40 | Networking Session | |
During this time, a peer-to-peer networking session will take place. | ||
STREAMS | MAIN STAGE | SESSIONS |
| 15.40-16.30: Panel Discussion: Social Responsibility & Sustainability in the Marine Sector | 15.40-16.05: Case Study: Brillante Virtuoso – “A fraudulent conspiracy [seemingly], unprecedented in nature and scale.” |
First advanced as a loss by Somali piracy attack off Aden in July 2011, we will look at some of the key steps in unravelling the fraud which led the Commercial Court to conclude in clear terms that there was no attack on the vessel, but rather a concerted effort by the owners (amongst others) to pursue a fraudulent insurance claim for US$85m on London market war risks insurers. In addition to the remarkable facts of the claim, we will highlight some important principles on the scope of the standard war risks perils. | ||
Shipping companies, financiers, insurers and brokers are increasingly looking at how they can work in a more socially responsible manner. This panel of experts will discuss how insurers and financiers are laying the foundations to make socially responsibly led decisions an absolute within their business’. Is the well known phrase ‘principles are alright as long as you can afford them’ relevant when talking about the marine sector? Or can you simply not afford to overlook principles?
By the end of the 50-minute panel discussion, delegates will be able to: 1. Identify how brokers and insurers can work in a socially responsible manner to facilitate change 2. Explain how carbon emissions are changing the global supply chain 3. Describe how banks and insurers are facilitating change withing shipping to reduce carbon emissions | Chris Zavos, Partner, Kennedys | |
16.05-16.30: How US Courts Resolve Contradictory Terms in Shipping Documents, and How to Avoid Them
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Moderator: Demian Smith, Managing Director, Head of Mutual, Agency and Captive Reinsurance Solutions, Guy Carpenter Speakers: Lars Lange, Secretary General, IUMI Patrizia Kern-Ferretti, Head of Marine, Swiss Re Corporate Solutions Michael Parker, Chairman, Global Shipping, Logistics and Offshore, Citigroup Sylvain Gauden, Chief Underwriting Officer Marine & Energy, SCOR SE Mark Church, Director and Head of Sustainability, North of England P&I Club | Galloway represented a client in GIC v. Freightplus, which was tried in the United States District Court for the Eastern District of Louisiana and then appealed to the U.S. Fifth Circuit Court of Appeals. The dispute arose because two bills of lading were issued for the same cargo, one by the NVOCC and one by the actual carrier, but the terms did not match – including, critically, the discharge port. The cargo owner brought a claim for misdelivery and the Court had to determine if there was a true misdelivery and, if so, who was at fault. The presentation outlines how U.S. courts resolve contradictory terms in shipping documents and provides best practices to avoid finding yourself in this situation. | |
Presenter: Jason Waguespack, Director, Galloway Johnson, Thompkins, Burr & Smith | ||
16.30-17.00 | Fireside Chat: International Group | Fireside Chat: Expediting Incident Resolution |
Is the International Group providing a product that meets the current demands of the entire ship owning community? | Close cooperation between all relevant parties is crucial to successfully resolving incidents. Having the appropriate level of involvement between state parties and those representing owners is critical. This session will examine how SOSREP operates within the United Kingdom to ensure that incidents can be swiftly resolved in order to reduce further damages. | |
Participants: Marcus Baker, Global Head Marine and Cargo, Marsh JLT Specialty Nick Shaw, Chief Executive Officer, International Group of P&I Clubs | Participants: Stephan Hennig, The Secretary of State’s Representative, Her Majesty’s Government Colin Barker, Director, TMC Marine Jeff Lock, Global Technical Claims Director, Thomas Miller P&I (Europe) Ltd | |
17.00-18.00 | ROUNDTABLE DISCUSSION: Delegates wishing to participate in or simply watch the live roundtable discussion should go to the SESSIONS area on HOPIN and join the roundtable. There is also delegate networking during this period if you would prefer to go to the Networking Area. | |
17.00-18.00 | Roundtable Discussion hosted by MatthewsDaniel: Little Trouble in Big Data A discussion on how the marine insurance market can look to verify data analytics against real world experience and traditional underwriting techniques. With the vast majority of losses connected to the human behavioural element rather than the vessels, and significant losses often deemed to be anomalies, we will look to discuss how risk-mitigation strategies can be tailored to incorporate behavioural data of vessels. Moderated by: David Cox, Chief Executive Officer, MatthewsDaniel | |
18.00 | Closing Remarks and End of Conference:Daniel Creasey, Managing Director, Cannon Events Ltd | |
Cannon Events Ltd reserves the right to amend the program and is not responsible for cancellations due to unforeseen circumstances. Cannon Events Ltd accepts no responsibility for statements made orally or in written or digital material distributed by any of its speakers at its conferences or virtual events. In addition, Cannon Events Ltd is not responsible for any copying, republication or redistribution of such statements.