Insurance Covered

Welcome to Insurance Covered, the podcast that covers everything insurance.In this episode, Peter Mansfield is joined by Howard Benge, Director at the Insurance Museum, and they delve into the Great Fire of London, exploring its origins, the conditions leading up to it, and its devastating impact on the city and its inhabitants. They discuss the historical context of London in 1665, the construction methods of the time, and the inadequate fire management practices that contributed to the disaster. Eyewitness accounts provide a vivid picture of the chaos and destruction, while the conversation also touches on the aftermath and the birth of fire insurance as a response to such catastrophic events. This conversation explores the historical significance of the Great Fire of London, its impact on the city, and the subsequent development of fire insurance. The discussion highlights the rapid recovery of London post-fire, the innovative contributions of Nicholas Barbon in establishing fire insurance, and the evolution of insurance companies in response to changing risks. The long-term legacy of these developments is examined, showcasing how the Great Fire shaped modern insurance practices and fire prevention methods.We hope you enjoyed this episode, if you did please subscribe to be notified when new episodes release.keywordsGreat Fire of London, fire insurance, history, urban development, eyewitness accounts, London history, heritage consulting, insurance museum, 1666, urban fire management, Great Fire of London, fire insurance, Nicholas Barbon, rebuilding London, historical context, insurance history, fire prevention, insurance companies, legacy of insurance, London history

Welcome to Insurance Covered, the podcast that covers everything insurance. In this engaging conversation, Peter Mansfield and Nick Wealthall explore the intriguing parallels between poker and the insurance industry. They discuss how the skills learned in poker, such as emotional control, decision-making under pressure, and understanding human psychology, can be applied to underwriting and claims handling. Nick shares his unique journey from a professional poker player to a consultant, emphasising the importance of trust, experience, and the ability to navigate incomplete information.We hope you enjoyed this episode, if you did please subscribe to be notified when new episodes release.

Welcome to Insurance Covered, the podcast that explores all things insurance. In this episode, Peter is joined by Alun Lucas to talk about online forms: why they often frustrate us, and more importantly, how they can be improved. We discuss why so many organisations, including insurers, rely on online forms to gather information, and how this process can be made better for both the organisation and the user. Finally, we play a round of Family Formtunes, a game highlighting the form questions most likely to make people abandon the process altogether. We hope you enjoyed this episode, if you did please subscribe to be notified when new episodes release.

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode, we dive into the world of insurance innovation with Rosie Denee, Head of Lloyd's Lab. Discover how Lloyd's Lab serves as the innovation engine for the Lloyd's marketplace, supporting the development of new insurance products and de-risking innovation for the market. Rosie shares insights on the evolution of Lloyd's Lab, its award-winning accelerator program, and the significant partnerships that drive innovation in the insurance industry. Tune in to explore the challenges and opportunities in insurance innovation and how Lloyd's Lab is shaping the future of the industry. We hope you enjoyed this episode, if you did please subscribe to be notified when new episodes release.

Welcome to Insurance Covered, the podcast that covers everything insurance.In this conversation, Peter Mansfield and Lorcan Hall explore the critical yet often overlooked role of insurance in achieving the United Nations' Sustainable Development Goals (SDGs). They discuss the current status of the SDGs, the significant funding gap needed to meet these goals, and the reasons why insurance is frequently ignored in development agendas. They discuss the importance of integrating insurance into sustainable development strategies and provides insights from research on how the insurance industry can better articulate its value to public sector organizations.We hope you enjoyed this episode, if you did please subscribe to be notified when new episodes release.keywords: insurance, sustainable development, SDGs, UN 2030 Agenda, climate change, financial systems, risk management, funding gap, insurance industry, public sector, sustainable development, innovation, partnerships, SDGs, insurance, economic growth, societal impact, climate change, resilience, private sector

Welcome to Insurance Covered, the podcast that covers everything insurance.In this conversation, Peter Mansfield interviews Andy Creed about runoff and legacy insurance, exploring its significance in the insurance ecosystem. They discuss the evolution of the legacy market, Riverstone's role, the reasons insurers sell their books of business, and the value proposition for Riverstone. The conversation also delves into the differences between reinsurance and legacy insurance, the importance of relationships, active claims management, and the nature of legacy claims. Andy shares insights on the future of the legacy insurance sector and offers career advice for those interested in this field.We hope you enjoyed this episode, if you did please subscribe to be notified when new episodes release.keywords runoff insurance, legacy insurance, Riverstone Group, insurance market, claims management, reinsurance, insurance liabilities, insurance transactions, insurance career, insurance ecosystem

Welcome to Insurance Covered, the podcast that covers everything insurance.In this episode, Peter Mansfield is joined by Heidi McCormack, CEO at Emerald Life, to discuss the importance of diversity and inclusion in the insurance industry, focusing on the unique challenges faced by underrepresented groups, particularly the LGBTQ+ community. Heidi shares her journey from working in Russia to co-founding Emerald Life, an insurance company dedicated to addressing the needs of diverse populations. They explore the barriers to insurance uptake, the discriminatory practices within the industry, and the innovative steps Emerald Life is taking to create inclusive products and services. The discussion also touches on the importance of feedback and continuous improvement in serving their customer base. In this conversation, Peter Mansfield and Heidi McCormack discuss the evolving landscape of community and inclusion within the insurance industry, emphasizing the importance of diversity, addressing unconscious bias, and the future of insurance products. They explore how businesses can champion equity and the necessity of compassion in customer interactions.We hope you enjoyed this episode, if you did please subscribe to be notified when new episodes release.keywords insurance, diversity, inclusion, LGBTQ+, underinsurance

Welcome to Insurance Covered, the podcast that covers everything insurance.In this episode, Peter Mansfield speaks with Michael Keating, CEO of the Managing General Agents Association (MGAA), about the role and evolution of Managing General Agents (MGAs) in the UK insurance market. They discuss Michael's journey in the insurance industry, the definition and purpose of MGAs, the benefits they provide to insurers, and the current landscape of MGAs in the UK. The conversation also covers the regulatory environment, the importance of underwriting talent, the impact of technology, and the future outlook for MGAs. Michael emphasizes the buoyancy of the sector and the opportunities it presents for those looking to work in insurance.We hope you enjoyed this episode, if you did please subscribe to be notified when new episodes release.Keywords: MGAs, insurance, underwriting, regulation, claims, technology, parametric products, insurance market, MGAA, insurance careers

Welcome to Insurance Covered, the podcast that covers everything insurance. In this episode Peter is joined by Wajahat Khawaja and the topic of discussion is Takaful, an Islamic form of insurance.This conversation explores the concept of Takaful, an Islamic form of insurance based on principles of solidarity and mutual cooperation. Wajahat Khawaja, an expert in the field, discusses the historical context, market growth, and the importance of Sharia compliance in Takaful. The discussion also delves into the ethical implications of Takaful, its appeal to non-Muslims, and the future potential for growth in various regions, including the UK. The conversation concludes with personal reflections on faith and the significance of Ramadan.We hope you enjoyed this episode, if you did please subscribe to be notified when new episodes release.keywords Takaful, Islamic insurance, Sharia compliance, mutual cooperation, insurance market growth, ethical investment, faith and insurance, re-Takaful, contributions, global Takaful