Motor Insurance Seminar 2019
Deloitte Ireland hosted its 14th annual Motor Insurance Seminar on 7th March, 2019 at the Conrad Hotel, Dublin.
At the seminar we presented an analysis of market statistics, as well as trends and future developments in the industry, both locally and globally.
Our keynote speaker was Michael D’Arcy TD, Minister of State at the Department of Finance, with special responsibility for Insurance.
In addition, we had a number of expert speakers from both Deloitte Ireland and Deloitte UK:
Paul Connor, Director, assessed the results and trends seen in the Irish motor insurance industry, showing an improvement in the financial results of both the motor industry and the general non-life insurance industry.
In ‘Motor Claims Disrupted’, Mark Patterson, Partner, presented an overview of the trends occurring in motor claims including an analysis of the financial impacts of technology changes, and a deep-dive on new technologies and capabilities being leveraged in claims.
Andrew Bulley, Partner, explored the shifting nature of conduct regulation in the UK, as well as the increasing regulatory focus on price and fairness, and the FCA’s latest work on pricing in the general insurance market.
Sean Smith, Partner, identified some of the consumer challenges and risks associated with innovating in the motor insurance industry
In ‘Ditching the Silos: what’s next for insurers?’, Nigel Walsh, Partner, discussed how insurance has for too long been product focussed, and how value added services blur the established boundaries between product silos.
While Valarie Daunt, Partner, explored how the world of work is being disrupted, and how organisations need to prepare for how work, the worker and the workplace will change.
The event concluded with a Q&A panel discussion featuring questions from attendees.