IUA Circular 068/20

IUA Non-Affirmative Cyber Committee

"Silent, ‘Newly-Affirmative’ Cyber; and the new Lloyd’s Cyber Realistic Disaster Scenarios"


welcoming guest speakers:

 

Siobhan O'Brien, ACII - Cyber Centre of Excellence, Leader for International and Global Specialties, Guy Carpenter


and

Jamie Pocock - Head of GC Cyber Analytics - International, Guy Carpenter

Event Date:   Wednesday 29 July 2020

Time:  2pm for approx 1 hour (London/British time)

Subject:  This IUA online market briefing discusses developing realistic cyber catastrophe scenarios for the Lloyd’s market and highlights issues of uncertainty on the topic.

Contact:  Deborah Finch, IUA Events Manager (020 7617 4451)

This is a free event, but names and email addresses of all attendees are required for registration.  Please click here to register.

DIAL IN DETAILS

Please adhere to online etiquette during our presentations.  We kindly ask you to mute your microphone and video upon commencing the link and to use the Chat application for any  questions, which will be addressed by the speaker at the end of the presentation. We suggest dialling in at least 5 mins before the start of the webinar.
 
Recent changes in the market have been focused on bringing greater clarity to cyber as a peril and its impact on existing classes.  However, there still remains a great deal of confusion around the usage of the terms silent, affirmative and non-affirmative cyber coverage. 
 
At this IUA presentation, hosted by the IUA’s newly formed Non-Affirmative Cyber Committee, Guy Carpenter, who have been deeply involved in developing realistic cyber catastrophe scenarios for the Lloyd’s market (which were formally introduced on April 30th), will peel back some of the layers of uncertainty on the topic, including focusing on how recent efforts are helping reshape the exposure of the market to the peril.  
 
In addition to this, our guest speakers will also introduce the scenarios, discuss the context and needs surrounding their development, as well as touching on their expected impact.  
 
 Speakers:

Based in London, Siobhan O’Brien leads the International Cyber Centre of Excellence, working with the account teams to support all strategy and product development for cyber internationally. In addition, she liaises with the Global Innovation and Product Development team which studies emerging cyber risk issues.  

Ms. O’Brien has a deep background in the financial services and cyber arenas which she draws upon to support the development of innovative strategies and products as cyber risks continue to emerge and new solutions are required to address these. 
 
In October of 2018, Ms. O’Brien joined Guy Carpenter from Marsh where she held numerous senior positions, including: National Placement and Advisory Head for Marsh FINPRO New York; Head of the Marsh London Financial Services team; Client Service Director for Marsh FINPRO London and most recently Marsh UK Cyber Placement Leader and Product Development Team Leader.
 
Jamie Pocock leads cyber analytics at Guy Carpenter in London.  This includes developing the global strategy with respect to vendor partnerships and bespoke model development, with a focus on both affirmative and non-affirmative cyber risks. 

Jamie joined the company  in 2009 following graduation from the University of Bristol in 2008 with a degree in Maths and Physics with study in Continental Europe.  Initially he worked providing administrative, consultancy, and actuarial support with reference to UK pension schemes.  In 2014 Jamie joined the Reinsurance Analytics team where he accumulated experience in reinsurance pricing and actuarial development work across a number of different business classes. Jamie qualified as an actuary with the IFoA in 2018.  

DISCLAIMER: The market briefing presentation materials and speaker comments therein were prepared solely by the presenter(s) in their personal and professional capacity. Any materials or opinions expressed do not necessarily represent the views of the IUA and IUA does not bear any responsibility for, or liability to, any parties in respect of the accuracy, legality or overall content of the presentation or any other comments made by speakers or other attendees during the market briefing.

As a member of the CPD (Continuing Personal or Professional Development) Certification Service the IUA is committed to providing high quality training activities. Our market briefing events are certified as being suitable for CPD purposes. To obtain a self assessment form for any particular event please email Deborah Finch. These forms will be issued after each individual event upon request.

For events held remotely, we will require a note of your attendance with telephone/mobile number.