Download presentation
Presentation is loading. Please wait.
Published byBrooke Wells Modified over 9 years ago
1
Risk management – a journey from the merely unlikely to the totally unpredictable Enrico Bertagna Head of Southern, Eastern Europe & Africa General Representative for Italy II Università di Napoli 15 April 2012
2
WHAT Is lloyd’s?
3
1400 s 1500 s 1600 s 1700 s 1800 s
4
16882013 Lloyd’s established
5
1600 s 1700 s 1800 s 1900 s 2000 s
6
20131805 Lloyd’s and Nelson
7
20131800’s Entrepreneurialism in the 19th Century
8
1600 s 1700 s 1800 s 2000 s 2010 s
9
Lloyd’s is a catalyst for Innovation
10
The motorcar TerrorismAviation Commercial space flight Lloyd’s firsts
11
Other firsts contract Certainty Reinsurance claims academy
12
Role of Insurance In society
13
Lloyd’s insures against natural disasters around the world and its devastating consequences covering everything from injury to property damage Whatever the force of nature
14
Crucial to society
16
Imagine a world Without insurance
17
insurance Is not banking
18
Insurance is pre-funded Banks lend before they borrow
19
Standards Franchise structure Risk Management What we learnt
20
Underwriting discipline
21
2012 financial results 91,1% Despite claims from superstorm sandy (€ 1,7mld) Profit before tax Combined ratio € 3,41 mld
22
How the market works
24
A dynamic and diverse market As at 31 December 2012, the Lloyd’s market was home to 57 managing agents that manage 87 live syndicates. Source: Lloyd’s Annual Report 2012
25
Market structure Source: Lloyd’s Annual Report 2012 Our unique structure creates a market based on trusted relationships and expertise
26
The risk
27
The broker
28
The underwriters
29
The capital The policy
30
Claims paid
31
The risk The broker The underwriters The capital Claims paid The policy
32
The world is A Risky place… …insurance Understanding risk
33
THE SCIENCE OF RISK
34
Insurance A second pair of eyes
35
Top 10 Risks
36
TOP RISKS REGIONALLY
37
Lowest 10 Risks
38
The Insurers of the future Security Global Reach foresight
40
Lloyd’s to be the global centre for specialist insurance and reinsurance Growing premium income from established markets in line with their economic growth with greater growth in new markets.
41
By 2025 Lloyd’s will be the global centre for specialist insurance and reinsurance A more diversified capital base, with a greater contribution from high growth economies.
42
By 2025 Lloyd’s will be the global centre for specialist insurance and reinsurance A truly internationalised underwriting community.
43
By 2025 Lloyd’s will be the global centre for specialist insurance and reinsurance A broker market, utilising brokers’ international networks.
44
By 2025 Lloyd’s will be the global centre for specialist insurance and reinsurance With powerful overseas hubs in certain major overseas markets.
Similar presentations
© 2025 SlidePlayer.com. Inc.
All rights reserved.