The Motor Insurance Summit |
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Motor Insurance Summit
Tuesday, 30th September 2014
09:00 |
Welcome address by Juliet Knight, Director, Marketforce
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09:05 |
Chairman’s opening remarks
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Session One: An industry in flux – taking on the challenges of reform
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Leader’s Forum
In light of potential major market reforms with seismic implications for all parts of the industry, insurers need to develop innovative new business models, work to acquire and retain customers and focus on developing new revenue streams. Here delegates will hear top-down assessments of the potential impact of regulatory developments and the sector’s ongoing evolution.
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09:10 |
Towards an efficient and effective motor insurance market
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Chief Executive Officer
Ageas UK
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09:25 |
Responding to reforms: planning for tomorrow
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Chief Operating Officer
LV=
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09:40 |
Title to be confirmed
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Chief Marketing Officer
Octo Telematics
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09:55 |
Customer behaviour – fact or fiction?
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Managing Director, Personal Lines
Aviva
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10:10 |
Panel Discussion: Making sense of an evolving industry
- The prospects for profitability: where do the main opportunities and threats lie?
- How will MoJ reforms affect motor insurance profitability in the long-term?
- How will different players be affected by the CMA findings regarding repairs?
- How would the end MFN agreements with aggregators affect pricing strategies?
- Regulation of add-ons: how great will be the impact on profits?
- Could telematics be the main route to profitability in motor insurance in future?
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Chief Executive Officer
Ageas UK
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Chief Operating Officer
LV=
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Managing Director, Personal Lines
Aviva
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Chief Marketing Officer
Octo Telematics
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10:50 |
Refreshments
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Session Two: Unlocking the potential of data – toward better risk management
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11:20 |
Exploring fresh potential in data analytics: toward more accurate pricing
- Which new data sources are most useful in better profiling risks?
- How much data are customers willing to provide and how can this be increased?
- Where can enhanced data analysis deliver the greatest profitability gains?
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11:40 |
Title to be confirmed
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Managing Director – Verticals, UK Insurance
LexisNexis Risk Solutions
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12:00 |
Case Study: My Licence: a data-driven solution for pricing and fraud prevention
My Licence gives insurers access to driver information held by the DVLA. The project aims to help reduce fraud and produce fairer prices by making quotes reflect the driver’s record. Here a senior figure from the scheme will talk about how it came about and how members of the industry will benefit from it.
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Chief Executive
MIB
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12:20 |
Telematics: the future of data capture?
- What more can insurers do to exploit the full potential of telemetry?
- How can telematics be pushed into the mainstream?
- Would the standardisation of data formats facilitate greater market penetration?
- Overcoming security and confidentiality concerns
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Global Telematics Director
RSA Group
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12:40 |
Questions
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12:55 |
Lunch
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Session Three: Focusing on fraud and claims – collaboration and cooperation
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14:10 |
Interview: Assessing the impact of MoJ reforms
- How has LASPO affected the industry so far?
- Are further reforms to the claims system necessary?
- How will changes to medical reporting affect the claims process?
- How can lawyers and insurers cooperate to provide better outcomes for clients?
- Assessing the impact of reforms on costs and the personal injury lawyer sector
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Chief Executive
Association of Personal Injury Lawyers
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Senior Manager Complex Casualty Claims UK & Ireland
AIG
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14:35 |
Collaborating to tackle fraud: the Insurance Fraud Register and beyond
- The challenges of creating and maintaining the Insurance Fraud Register
- How can data sharing practices in the motor insurance sector be improved?
- How will the IFR work alongside an insurer’s existing fraud prevention measures?
- Cooperating to tackle fraud: what’s next?
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Global Fraud Control Officer
AXA Group
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14:55 |
Advisory session
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15:15 |
Questions
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15:20 |
Refreshments
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Session Four: Going beyond price – bringing the product into greater focus
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15:50 |
Interview: How can aggregators and insurers work more closely together?
- How is the CMA investigation likely to affect insurer-aggregator relationships?
- How can both parties ensure that customers are getting the right product?
- How can insurers and aggregators address concerns regarding add-ons?
- How can the full product benefits best be communicated to customers?
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Head of Motor
Confused.com
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Head of Aggregator Relationships
Ageas UK
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16:20 |
Understanding the key to successful product differentiation
- How can insurers convince customers that price is not everything?
- Developing attractive propositions that offer real benefits to customers
- Which product messages work best via which channels?
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Marketing Director
Direct Line Group
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16:40 |
Questions
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Session Five: The future of automotive technology
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16:55 |
A vision for the future of the car
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Head of Innovation Commercialisation
Transportation Systems Catapult
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17:05 |
Panel Discussion: The cars of tomorrow and the challenges they present
- What impact does greater automation in vehicles present when assessing risk?
- Who is ultimately liable if self-braking, self-parking or other driver aids go wrong?
- What is a feasible timeline for the introduction of driverless cars in the UK?
- Will barriers to driverless cars such as the Vienna Convention be overcome?
- What might the motor insurance industry look like in a world of autonomous cars?
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Chief Executive
Thatcham Research
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Technical Director
Allianz Retail
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17:30 |
Chair’s closing remarks and end of conference
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Location London |
Additional Information about this event: |
Tuesday 30 September 2014, 09:00am - 05:30pm
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Official Event Website: more info |
Number of expected attendees: Not defined |
This event has an exhibit: Not defined |
YouTube Video for this event: |
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Contact Marketforce Business Media Ltd |
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