The content, agenda & speakers for each Advisen Insights Conference is planned by an Advisory Board that represents industry thought leaders and influential marketplace participants. Each Advisory Board is unique for each conference event.
• Brenda (Ballard) Austenfeld, President- National Property, RT Specialty • Duncan Ellis, Head of Retail Property, AIG • Erik Nikodem, Senior Vice President, Global Head of Property, Everest Insurance Company [2020 Conference Chair] • Theresa Purcell, Director of Risk Management, Kushner • Vincent Reyda, Operations Senior Vice President, Client Service and Broker Relations, FM Global • Lori Seidenberg, Global Director of Real Assets Insurance, BlackRock, Inc. |
11:00am-11:05am
Opening Remarks by Stacie Lilien, Global Head of Event Programming, Advisen
11:05-11:35am
Fireside Chat sponsored by RT Specialty
Join Pat Ryan in conversation with Brenda (Ballard) Austenfeld as they take us through the history of the insurance marketplace and discuss what the future may hold. Ryan, founder of Ryan Specialty Group and Aon Corporation, will offer his unique perspective on the global brokerage landscape and the future of insurance distribution. He’ll share advice for risk and insurance professionals navigating the market, and explain why he is so confident about the prospects, potentials, and value of insurance. This fireside chat will also feature a question-and-answer session, with an opportunity for attendees to hear from a true legend in the insurance business.
11:35am- 12:20pm
Property from the Insurers’ Perspectives
In property insurance, civil unrest and COVID-19 have made a hard market even harder – not to mention unprecedented hurricanes, wildfires, and other natural disasters. Many insureds now may face new economic realities, significant shifts in their exposure, and the costs and considerations with reopening properties. How are insurers responding to these evolving needs and keeping pace with losses? Pandemic-related claims have illustrated the need for contract clarity – how will the market respond from a policy language perspective? What are the driving forces behind the rapid changes in 2020?
11:00am-11:05am
Opening Remarks
11:05am-11:50am
The Effects of the Hard Market on Buyers
The property insurance marketplace has been steadily firming since late 2017, with a harder market now evident across many lines of business. With added stress factors from the pandemic and civil commotion, risk managers face new challenges as they head into their property renewals. Effective communication with insurance partners is more important than ever. How has the pandemic affected exposures and marketplace relationships? With hard-to-place business flowing into the E&S market, how are underwriting and submissions changing? How can insurers, brokers, buyers, and lenders work together to find common ground? What are the underlying drivers influencing the market and when might these challenges abate?
11:50am – 11:56am
Shop Talk sponsored by FM Global
The interview, led by a Pulitzer-nominated journalist speaking with FM Global executive vice president Bret Ahnell, will examine the top three risks for companies that choose not to invest in resilience, what are the best risk mitigation practices business executives can take despite the distractions of the pandemic to address their property-related threats, and what’s the persuasive argument for resilience when internal groups in an organization are also competing for finite capital allocation for fiscal year 2021.
11:56am-12:11pm
Presentation of Advisen’s Property Insurance Leadership Award
This prestigious award recognizes an outstanding individual who is a property liability coverage expert, innovator, leader, and mentor. The recipient is determined by the industry thought-leaders who comprise this year’s Conference Advisory Board.