The European Forum for Risk and Insurance professionnals
Joanna Hitchcock, Senior Underwriter, Liberty Specialty Markets
Director of Property and Casualty Insurance Fédération Française de l’Assurance (FFA)
Why is participating at a European risk management event important to you?
It’s important for us to attend, so that we can continue to build and strengthen our relationships with brokers and clients. The risk environment is changing rapidly – cyber threats are constantly evolving; we’re seeing new terrorism and political risk threats; and risk managers are considering reputational, intellectual property and non-damage business interruption risks, to name a few. We want to raise awareness of our expertise in these growing areas and engage with risk managers and brokers to discuss their needs.
What does “Aim for the Future” mean to you?
“Aim for the Future” means that we are focused on risk management needs and being relevant now, but with one eye on the future to meet the ever changing needs that will appear. Liberty has provided risk solutions for over 100 years and the way that we keep our solutions relevant is to ensure that we’re always mindful of what could happen in the next 100 years.
You will be presenting « Terrorism and political violence: risk without borders », what would you like the audience to remember after your session?
EU member states are on high alert of the threat of a terrorist attack. National governments, politicians and policymakers are constantly looking at responses to these increased threats. Public policy against terrorism, political risk and political violence is managed by different arrangements depending on the country, therefore it is important that Risk Managers are aware of the coverages that are available across the EU member states and more importantly where there may be gaps in cover. It is important to note that although our clients are based within the EU, we are covering exposures worldwide. The risk landscape has never been static, but the speed of change is evolving much more quickly than we have experienced in the past, which means that whatever the situation is today, things could change dramatically tomorrow. Therefore insurers and risk managers need to be constantly looking to the future. This is especially true when it comes to terrorism and political violence. No one country can be considered a safe haven anymore, due to the increase in lone-actor terrorist activity it is harder to predict where or when the next incident may happen. In an ever changing world we want the risk managers to be aware of current thinking.