Agency Freedom E123: Hank Watkins On Lloyd's Leading The Way
Oct 6, 2023
50:49
In this episode, James talks with Hank Watkins, Regional Director & President of Lloyd's.
To learn more about Lloyd's, visit https://www.lloyds.com/.
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Episode Highlights:
- Hank explains what Lloyd's is and how it functions as a marketplace for insurance. (5:53)
- Hank shares why Lloyd's is relevant today, including its role in insuring new risks like the sharing economy and providing capacity for property insurance. (15:09)
- Hank discusses the importance of environmental, social, and corporate governance (ESG) in the insurance industry, particularly in relation to the energy sector and the transition to renewable energy. (24:50)
- Hank discusses Lloyd's Lab, an accelerator program for InsurTech startups. (31:39)
- Hank acknowledges the philanthropic efforts of the insurance industry and promotes the Insurance Industry Charitable Foundation, which raises money for people in need in various communities. (41:08)
- Hank shares the history of Bermuda and how it became a marketplace for complex claims. (45:13)
Key Quotes:
- “I would say anybody who is in the insurance industry and is currently partnering with the traditional extraction, refining and delivery segments of our economies, which clearly drive our economies and should not be disrupted overnight has a role to play in ensuring the transition.” - Hank Watkins
- “I just like to acknowledge the insurance industry in general, you know, for all the work we do in our communities. We don't toot on our own horns enough.” - Hank Watkins