Innovation through regulation to be debated at Convergence

The role of regulation in encouraging innovation will be spotlighted at convergence 2024 next month. 

Association of Bermuda Insurers and Reinsurers chief executive officer John Huff will moderate the session entitled “Sandboxes, Reforms and a Return to Basics – How Regulatory Innovation Can Promote Adaptation, Mitigation and Protection Gap Reduction”. 

The panelists of the session on October 9 are Tim Temple, Louisiana Commissioner of Insurance, George Alayon, Deputy Director, Supervision (FinTech) at the Bermuda Monetary Authority, and Rosie Denée, Head of Innovation and Academy at Lloyd’s and director of the Lloyd’s Lab. 

The session will highlight how initiatives like the Bermuda Monetary Authority’s Regulatory Sandbox and the Lloyd’s Lab, along with support from regulatory bodies, are laying the foundation for a future where scientific advancements and regulatory innovation drive industry-wide transformation, organisers of the October 7-9 conference said.

Temple has championed a "roadmap of solutions" in the critical coastal state, Alayon has led development of the BMA’s regulatory sandbox and innovation hub and Denée has supported the acceleration of insurtechs in the market, and the delivery of solutions to challenging and developing markets worldwide.    

“Insurance regulators around the world are working with a sense of urgency to champion reforms to leverage capital and capacity to address the ever-expanding insurance protection gap,” Huff said. “This should be a great discussion in Bermuda.”

Organisers said the session will conclude the two-day event, whose theme this year focuses on the critical challenges of our time—including climate risk, resilience, and market evolution, promising to deliver impactful insights from leaders across the insurance, financial, and scientific communities. 

Convergence 2024 includes the following keynotes:

Professor Kerry Emanuel, Research Professor at the Massachusetts Institute of Technology, a leading voice on climate science and its impact on the insurance industry.

Paul Craven, specialist in behavioural economics, who will shed light on how psychological insights shape market behavior and opportunities within ILS.

Vice Provost Peter Schlosser, Global Futures at Arizona State University & Director of the Global Futures Laboratory, exploring the future of sustainability and risk management.

Dr. Morton Lane, Owner & President, Lane Financial, a respected expert in catastrophe bonds and ILS structures.\

To register for this year’s event, taking place on October 7 – 9, visit https://ilsbermuda.com/convergence.

See below for a full list of panels and panellists:

Insights & Advancements from Science

Dr. Adam Sobel, Weather & Climate, Lamont-Doherty Earth Observatory, Columbia University Dr. Kelsey Malloy, Research Scientist, Severe Convective Storm, Columbia University

Harnessing the Science: Perspectives from Industry

Oli Morran, Senior Director of Product Management – Reinsurance & ILS Sector, Moody’s – RMS

Vice Provost Peter Schlosser, Global Futures at Arizona State University & Director of the Global Futures Laboratory

Dr. Matthew Swann, Director, Integral ILS

Karen Clark, Co-Founder & CEO Karen Clark & Company

How Public Market Valuations of (Re)Insurers Shapes the ILS Opportunity

David King, Founder and Senior Managing Director, Culpeper Capital Partners

Kyle LaBarre, Head of Research, Dowling & Partners

Aditya Dutt, President, Aeolus

Ben Rubin, Managing Director, Stonepoint Capital

Adam Champion, Executive Vice President, Capital Markets, Price Forbes Re

Behavioural Economics & its Impact on the ILS Market

Paul Craven, International Speaker & Behavioural Science Specialist

Andrew Engler, CEO Kettle Re

Tim Tetlow, Principal, Heliosphan Ltd. 

Risk, Reward, Resilience in the Catastrophe Bond Market

Dr. Morton Lane, Owner & President, Lane Financial

Sebastien Iaxx, SVP, Head of Portfolio Management, RenaissanceRe

Sidney Rostan, Head of ILS Strategies, SCOR

Peter DiFiore, Managing Director, Neuberger Berman

MariaGiovanna Guatteri, CEO & CIO SRILIAC, Managing Director, Alternative Capital Partners, Swiss Re

Beyond Catastrophe – Strategic Insights in Specialty Lines

Miles Staples, Head of Specialty - Senior Vice President, Vantage Risk

Darren Redhead, Independent

Capital Dynamics in ILS: Understanding Efficiencies through the Investor Lens

David Third, ILS Consulting Lead, WTW

Matthew Ball, Managing Director, WTW

Chantal Berendsen, Partner & Senior HF IDD Analyst - Insurance, Albourne

Dominik Hagedorn, Co-Founder, Tangency Capital

Evaluating the Regulatory Landscape

Taijaun Talbot, Assistant Director, Bermuda Monetary Authority

Anna Pereira, Senior Vice President – ILS, Strategic Risk Solutions

CEO Insights: Surveilling Global Economic Trends to Shape Strategic Futures

Maamoun Rajeh, Chairman and Chief Executive Officer, Arch Worldwide Reinsurance Group

Chris McKeown, Chief Executive - Reinsurance, ILS, and Innovation, Vantage Risk Companies

Mark Wheeler, Co-Founder & Co-Chief Executive Officer, Mosaic Insurance

Richard Lowther, Managing Partner, Integral ILS

Risks and Opportunities on the Leading Edge of Science

Dr. Upmanu Lall, Professor, School of Complex Adaptive Systems, Arizona State University

Dr. Brennan T. Phillips, Associate Professor of Engineering, University of Rhode Island

Dr. Elizabeth Harris, VP Modelling & Research, Ariel Re

Dr. Amy Maas, Assistant Professor, School of Ocean Futures Faculty, Arizona State University

Dr. Mark Guishard, Chief Operating Officer of ASU BIOS

Accelerating Solutions in Markets and the Field – How Collaboration and Innovation Can Close Protection Gaps, Extend our Understanding, and Put Technology to Work

Brian Sherman, CEO, Southwest Sustainability Innovation Engine, Arizona State University

Michael Echols, CEO, Wildfire Water Solutions

Vishaal Bhuyan, Founder and Chief Executive Officer, Aanika Biosciences

Hanni Ali, Group Head of ILS & Sustainability, Hamilton Insurance Group

Eusebio Scornavacca, Director and Professor, School for the Future of Innovation in Society, Arizona State University

Steve Weinstein, Chair, Itasca Re

Sandboxes, Reforms and a Return to Basics – How Regulatory Innovation Can Promote Adaptation, Mitigation and Protection Gap Reduction

Tim Temple, Louisiana Commissioner of Insurance

George Alayon, Deputy Director, Supervision (FinTech), Bermuda Monetary Authority

Rosie Denée, Head of Innovation and Academy at Lloyd's

John Huff, President, Association of Bermuda Insurers and Reinsurers

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