STRENGTHENING INDIA-UK PARTNERSHIP IN THE INSURANCE INDUSTRY SUMMIT - SPEC...

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The Gibson Hall

13 Bishopsgate

London

EC2N 3BA

United Kingdom

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http://asiainsurancepost.com/event/india-uk-insurance-summit

A new ambitious, young Indian re/insurance industry has made a grand beginning, since 2000, in the world’s fastest growing economy

Today, the country has 34 general insurers, 24 life insurers, branch offices of 10 global reinsurers’ and over 500 brokers and the sector has 45 foreign re/insurers.

In 2017-18, the industry had garnered almost USD 100 billion of total premium.

Today the country runs the world’s largest health insurance scheme, large agri- insurance scheme and has the largest number of insurance policies.

Yet the country has very low insurance penetration and density.

It can be said without a doubt that the insurance sector in India is all set to grow further with more engagement from private, public and foreign companies.

The overall insurance industry is expected to reach US$ 280 billion by 2022.

Insurtechs

It is changing the way products and services are delivered and in near future, one can expect a revolution in the business models – with Insurtechs playing a key role, presently there are over 130 insurtechs in India and the numbers are growing.

In 2018, Asia led with investments of $189 million, mainly due to large investments in Indian InsurTechs.

The UK is positioning itself well as the government and regulators continue to build fintech bridges with Asia, to help reduce regulatory barriers and support growth. UK insurtechs saw over $1bn (£780m) of funding in 2018, up from $792m the previous year, they all come from London, which is and will remain the main hub in UK and Europe.

http://asiainsurancepost.com/event/india-uk-insurance-summit

Join us on April 11th to learn more about opportunities in the Indian-UK growing re/insurance and Insurtech market.

12.00pm Registration & Networking Lunch

12.45 Welcome and introductions

12.50 Inaugural address: Alderman & Sheriff Vincent Keaveny, City of London

12.55 SPECIAL ADDRESS: Manish Singh, Minister (Economic),Indian High Commission, London

13.00 KEYNOTE PANEL: THE INSURANCE LEADERS’ PERSPECTIVE

  • Alice Vaidyan, Chairman, GIC Re

  • Atul Sahai, Chairman & Managing Director, New India Assurance

  • Nighat Khan, Gen Re, UK

  • James Nash, CEO, Guy Carpenter’s International Division

  • Maurice Williams, Managing Director, Willis Re International

  • Senior Representative from Lloyd's

14.00 CURTAIN RAISER & LAUNCH: ASIA INSURANCE POST & CITY OF LONDON: GLOBAL INSURTECH SUMMIT 2019, MUMBAI INDIA

14.10 - 14.30 Networking break

14.30 Panel Discussion: Insurtech: Deepening the UK–India Partnership

Welcome: Julie Lake, CEO Co-Founder, FINTECH 50 (Moderator)

Panelists

  • Alexander Milne : Head of Insurance, Capital Markets & Trade at the Department for International Trade

  • Raluca Boroianu-Omura, Assistant Director, Head of Conduct Regulation, The Association of British Insurers

  • Narayan Ramaswamy, CEO, GIC Re, London

  • Vishnu Teja Chundi, CEO and Cofounder, AssetVault

  • Niall Barton Co-Founder WRISK, Founding Member Insurtech UK

  • Paolo Cuomo, Principal, The Boston Consulting Group

15.30 - 17.00 Networking Reception

FAQs

Are there any requirements to register for the event? You must be an insurance/reinsurance broker/underwriter, a supplier of professional services to the industry, an Insurtech company or a journalist covering the insurance & finance markets.

How can I contact the organiser with any questions? Please email us at asiainsurancepost@gmail com




Date and time

Location

The Gibson Hall

13 Bishopsgate

London

EC2N 3BA

United Kingdom

View Map

Organiser GIC Re, New India Assurance, Association of British Insurers, Asia Insurance Post & City Of London Corporation

Organiser of STRENGTHENING INDIA-UK PARTNERSHIP IN THE INSURANCE INDUSTRY SUMMIT - SPECIAL FOCUS ON INSURTECH

GIC RE www.gicofindia.com 

 Ranked 10th among the top 40 global reinsurance groups by the latest S&P Ranking, provides reinsurance to the direct general and life insurance companies in the Indian and international markets.

GIC Re has its permanent offices in the UK, Malaysia, Russia, and U.A.E. and is continuously persevering to enter new frontiers. GIC Re has secured a place among the top ten global reinsurers. It has also launched a syndicate in Lloyd's of London for garnering global business. 

Alice Vaidyan, CMD, GIC Re, says GIC Re is a company which has been doing quite well - growing consistently, growing profitability, growing its global footprint – organically and inorganically - but now with listing happening, we have gained more visibility both in the domestic market and the international markets and the listing requires us to analyze the way we are doing business with more focus on the bottom line - analyse our performance from the capital market angle. 

NEW INDIA ASSURANCE www.newindia.co.in 

The New India Assurance Co. Ltd., based in Mumbai, Maharashtra is a public sector general insurance company of India. It is the "largest general insurance company of India on the basis of gross premium collection inclusive of foreign operations.

The company operates in 28 Countries including the UK, Japan, UAE, Australia.

Atul Sahai, CMD, NIA, says automation of claim processing of the company is going to be rolled out in FY20 and surveyor appointment is also going to be automated. The TAT of claim hubs are continuously monitored.

`` Our foreign operations contribute a lot in building up our brand as an important multinational player, also helping in securing better reinsurance terms too,’’ he says.

ASSOCIATION OF BRITISH INSURERS The ABI is the voice of the UK’s world-leading insurance and long-term savings industry. A productive, inclusive and thriving sector, we are an industry that provides peace of mind to households and businesses across the UK and powers the growth of local and regional economies by enabling trade, risk-taking, investment, and innovation.

The UK Insurance Market:

  • helps Britain thrive ins global role adding £29.5 billion a year to the UK economy

  • it is responsible for more than 303,500 jobs in an industry which is highly-skilled and Global

  • provides peace of mind to businesses and families across the UK enables exports and invests in new technologies that will secure Britain's prosperity

The ABI:

  • has over 250 member companies, including most household names and specialist providers

  • it was formed in 1985 and is funded by members’ subscriptions on a not-for-profit basis

  • our members are major tax contributors, paying nearly £12 billion to the government in 2014 o all our members agree to our compulsory codes of conduct

Role is:

  • to get the right people together to help inform public policy debates, engaging with politicians, policymakers and regulators at home and abroad.

  • be the public voice of the sector, promoting the value of its products and highlighting its importance to the wider economy o

  • help encourage consumer understanding of the sector’s products and practices o support a competitive insurance industry, in the UK and overseas

ASIA INSURANCE POST

A monthly premier niche publication focused on insurance and financial management, published from Mumbai, India,

Each issue of the magazine is dedicated to a specific theme which has relevance to the insurance industry like Regulations, Information Technology, Customer Service, Health, and Pension Funds, and Rural Resurgence apart from strategic issues like New Product Development, Bancassurance, and Risk Management, Retailing, Logistics, intermediaries.

The magazine carries expert comments, interviews of various Regulators,,  in-depth reports, research studies, specially commissioned articles, and reviews that enhance the quality of your work-life.

Its portal, www.asiainsurancepost.com, publishes real-time, breaking news and articles on various issues and interviews of leading CEOs and professionals of Indian and international insurance industry.

CITY OF LONDON CORPORATION The City of London Corporation is the local authority responsible for the ‘Square Mile’, it is a uniquely diverse organisation that supports and promotes London as a leading international financial and business centre and attract new business to the capital and the UK.

The City Of London in India: The City of London manages a dedicated programme of engagement with India, facilitated through our representative office in Mumbai, which is celebrating a decade of presence in the market. Our India programme aims to promote the interests of UK-based financial services in India, and Indian firms who want to do business in the UK. Through dialogue and engagement between industry and government we have been working to strengthen the business links between the two countries, and boost trade in Financial and Professional Services Our well-established presence in the UK and India provides us with excellent connections into firms, policymakers, regulators and other stakeholders, as well as involvement in high-profile events and work programmes. Our work is supported by the City of London India Advisory Council, comprising senior Indian business leaders and experts. www.cityoflondon.gov.uk

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