Insurance Covered

Welcome to Insurance Covered summer special mini series Meditations on Insurance and Society.  Normally on this podcast Peter is joined by a guest to discuss an aspect of the wonderful world of insurance. But, this August, we are doing something different. Instead of our normal fortnightly podcast, we are releasing an 8 episode mini series focusing on the role that insurance has played throughout history in shaping society. They will incorporate a bit of history, a bit of philosophy, some psychology, a lot of insurance and… who knows what else.In part five we look at:How insurers calculate future risk How insurance seeks to identify 'monsters in the fog'The opening of the worlds first life assurance fund in 1744The use of mortality rates to calculate risk of deathEarly applications of probability theory The change on life assurance policies that required purchasers to have an insurable interest in the individual.We hope you enjoy the first of our summer special series and will follow along with new episodes releasing every Monday and Thursday throughout August.Regular episodes will resume in September Hosted on Acast. See acast.com/privacy for more information.

Welcome to Insurance Covered summer special mini series Meditations on Insurance and Society.  Normally on this podcast Peter is joined by a guest to discuss an aspect of the wonderful world of insurance. But, this August, we are doing something different. Instead of our normal fortnightly podcast, we are releasing an 8 episode mini series focusing on the role that insurance has played throughout history in shaping society. They will incorporate a bit of history, a bit of philosophy, some psychology, a lot of insurance and… who knows what else.In part four we look at:The psychology of insuranceWhy we buy insuranceThe impact insurance has on 'moral hazard'The paradox of insurance - 'It changes nothing but changes everything'The impact of insurance in 3 historically important events; the industrial revoloution in Britain, the war of independence in America & the North Atlantic trade in enslaved Africans.Insurance as the great 'Unmoved Mover'We hope you enjoy the first of our summer special series and will follow along with new episodes releasing every Monday and Thursday throughout August.Regular episodes will resume in September Hosted on Acast. See acast.com/privacy for more information.

Welcome to Insurance Covered summer special mini series Meditations on Insurance and Society.  Normally on this podcast Peter is joined by a guest to discuss an aspect of the wonderful world of insurance. But, this August, we are doing something different. Instead of our normal fortnightly podcast, we are releasing an 8 episode mini series focusing on the role that insurance has played throughout history in shaping society. They will incorporate a bit of history, a bit of philosophy, some psychology, a lot of insurance and… who knows what else.In part three we look at:The first evidence of a modern insurance policy.The merchant-insurer trade in 14th century Italy. The opening of the first insurance companies.How Antwerp became the first major insurance hub. How London became the insurance capital. The opening of Edward Lloyd's coffee shop.The rise of fire insurance, a response to the 1666, Great Fire of London.We hope you enjoy the first of our summer special series and will follow along with new episodes releasing every Monday and Thursday throughout August.Regular episodes will resume in September Hosted on Acast. See acast.com/privacy for more information.

Welcome to Insurance Covered summer special mini series Meditations on Insurance and Society.  Normally on this podcast Peter is joined by a guest to discuss an aspect of the wonderful world of insurance. But, this August, we are doing something different. Instead of our normal fortnightly podcast, we are releasing an 8 episode mini series focusing on the role that insurance has played throughout history in shaping society. They will incorporate a bit of history, a bit of philosophy, some psychology, a lot of insurance and… who knows what else.In part two we look at: How the concept of insurance developed in the era of the Babylonians.The link between religious faith and insurance.Bottomry and Respondentia as a early form of proto-insurance.Why the Amish do not use insurance.The prerequisites to the modern premium based insurance we know today.We hope you enjoy our summer special series and will follow along with new episodes releasing every Monday and Thursday throughout August.Regular episodes will resume in September Hosted on Acast. See acast.com/privacy for more information.

Welcome to Insurance Covered summer special mini series Meditations on Insurance and Society.  Normally on this podcast Peter is joined by a guest to discuss an aspect of the wonderful world of insurance. But, this August, we are doing something different. Instead of our normal fortnightly podcast, we are releasing an 8 episode mini series focusing on the role that insurance has played throughout history in shaping society. They will incorporate a bit of history, a bit of philosophy, some psychology, a lot of insurance and… who knows what else.In part one we look at:What are the social and developmental pre-requisites for insurance? What are the things that need to be in place before one even contemplates the concept of insurance?what are the problems that insurance seeks to solve?The first steps towards what we know as the modern form of insurance. We hope you enjoy the first of our summer special series and will follow along with new episodes releasing every Monday and Thursday throughout August.Regular episodes will resume in September Hosted on Acast. See acast.com/privacy for more information.

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Rebecca Reidy, Head of Compliance, UK & Rest of World at Beazley Insurance. They will be discussing her role and the wider world of insurance compliance.In this episode we cover:The main responsibilities for an insurance compliance team.How Rebecca describes her roleThe different regulators that are involved in insurance complianceAn overview of the FCA's new Consumer Duty (published in July 2022 and now in the implementation phase)How ESG has impacted developments in compliance obligationsWe hope you enjoyed this episode, if you did please subscribe to be notified when new episodes release. Hosted on Acast. See acast.com/privacy for more information.

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Alan Sheppard, senior advisor at the PRA, specialising in insurance regulation, which is what we will be discussing today.In this episode we cover:The role of the PRA.The distinction between the role the FCA and PRA have in regulating insurers.The day to day role of the PRA supervising insurers.The powers the PRA has in enforcing compliance.An overview of Solvency II.We hope you enjoyed this episode, if you did please subscribe to be notified when new episodes release. Hosted on Acast. See acast.com/privacy for more information.

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by James Platt, former Global Chief Operating Officer and Chief Digital Officer and now an Advisor at Aon. They will be discussing the 4 questions every organisation should be able to answer before considering changing and deploying digital technology. In this episode we cover:What is meant by the 'digital revolution'. Why it is important for insurers to be transitioning to digital. What is meant by 'digital disruption' in the market.The 4 questions James believes should be considered by insurers before embarking on a digital change journey:1) is the desired outcome clear?2) Is the technology potential understood?3) Is there real commitment to change?4) Is the deployment capability in place?Which of these questions James believes is the most importantWe hope you enjoyed this episode, if you did please subscribe to be notified when new episodes release. Hosted on Acast. See acast.com/privacy for more information.

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by ChatGPT, an AI chatbot developed by open AI, and they will be exploring ChatGPT's views on insurance.In this episode we cover:How ChatGPT defines insuranceThe role it sees insurance play in societyThe issues ChatGPT identifies as the biggest concerns for the insurance industryThe role insurance can play in achieving net zeroWhether ChatGPT thinks insurance could be entirely automatedHow ChatGPT sees the future of insurance panning out.We hope you enjoyed this episode, if you did please subscribe to be notified when new episodes release.With thanks to Lauren Butler, Trainee at RPC, for voicing ChatGPT's answers in this discussion Hosted on Acast. See acast.com/privacy for more information.

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Adrian Leonard of Strategic Insurance Communications and in this episode they discuss the Smyrna catastrophe of 1693 and its impact on marine insurance and Lloyd's of London. In this episode we cover:What the Smyrna Catastrophe isThe events that occurred that led to the catastrophe.The impact it had on the marine insurance marketHow the Catastrophe shaped the marine market as we know it.We hope you enjoyed this episode, if you did please subscribe to be notified when new episodes release. Hosted on Acast. See acast.com/privacy for more information.