INVITATION TO ALL MARKET PRACTITIONERS
NORTH AMERICAN FORUM
FREE ENTRY TO ALL LMFORUMS EVENTS
We invite you to a special Club event on Tuesday 28th March 2017 in the Old Library at Lloyd’s.
At this interactive roundtable breakfast event, attendees will hear from our guest speakers about the opportunities presented by the digital revolution, in terms of achieving process efficiency. We’ll also hear from the Managing Director of the MGAA on the continued growth and opportunities in the MGA sector.
Delegated authority as a distribution channel continues to grow as a share of Lloyd’ business; projected to represent 47% of business in the Lloyd’s Market in 2017.
The importance of the MGA, broker, coverholder and all associated stakeholders in the delegated authority chain cannot be overstated. Of the UK’s £50bn annual general premium spend, approx 10% is transacted by MGA’s, with over 4000 coverholders accepting business, demonstrating a flourishing sector.
Despite the success in this area of business, there are many challenges too, from data quality to operational efficiency, combined with the cost of compliance and oversight.
In the latest research undertaken by the MGAA and Castel Underwriting Agencies, a soft market is the main factor affecting growth in the MGA sector in 2017, replacing regulation and compliance which came out on top in the previous survey. It is therefore not surprising that updating technology and increasing business efficiency remains one of the top three of MGAs strategic priorities.
MEMBERSHIP OF LMForums and the North American Forum is FREE anyone working for a bonafide insurance firm or trade association*
You don't need to be a member of the Club to attend
This completely complimentary Club event starts at 8.30 pm where guest can enjoy a light breakfast with hot beverages, followed by the main event at 9am. The session will conclude at 10.30am.
AS PER NORMAL WITH LMFORUMS SESSIONS, THERE IS NO CHARGE FOR ATTENDING THIS EVENT
What is the Forum?
The Forum is a place where practitioners, experts and suppliers gather to learn, network and collaborate. The Club helps practitioners and professional members understand the evolving trading environment, whether that be related to business process, legal, regulatory changes or simply caused by market forces or customer demand.
You don't need to be a member of the club to attend the event, but as membership is free it makes perfect sense to join - you'll be part of a growing band of professionals across the Market enjoying the benefits of LMForums
Please also register separately for this specific event, by hitting on the Register button on this page
We hope to see you on 28th March 2017 at the Old Library.
You'll be eligible for membership of LMForums, free of charge, if you are are employed by/member of an underwriter, broker, MGA, Lloyd's, LMA, IUA, LIIBA, BIBA, CII, AIRMIC or work for a Third Party Administrator who provides an outsourcing service to one of these organisations. If you are a supplier to the Market or professional services company you will need to contact us. The clubs will offer a whole hosts of events, both technical and social throughout the year, so it's well worth signing up. You will then receive a membership card.
Please be aware that due to the security arrangements in the building, you must pre-register for this event.
Any questions - please call LMForums on 0203 551 9188
Roger Oldham - Founder & Managing Director
Oscar Padilla - Head of Business Services
Save This Event
When & Where
Roger A. Oldham - London Market Forums
Roger is the Founder of the London Market Technology Exchange and London Market People, two exciting business clubs for professionals and executives in the London Insurance Market. He has spent the last 30 years working in the London Insurance Market, initially in reinsurance, then in commercial retail insurance where he looked after a portfolio of blue chip multi-national clients, before moving on to international retail and wholesale business. He has held a number of senior posts in Aon, HSBC Insurance Brokers and Marsh, including roles such as Head of Claims and Head of Market Practice, as well as sitting on, and advisor to, management boards.