The International Cooperative and Mutual Insurance Federation (ICMIF) today announced that multi award-winning Lloyd’s CEO Inga Beale will deliver the keynote address at its 23rd Meeting of Reinsurance Officials (MORO). This year’s event, entitled Reinsuring the future: Building resilience through innovation, takes place 6-8 June 2016 at the DoubleTree by Hilton Hotel - Tower of London, London (UK).
The biennial MORO event combines networking, world-class speaker presentations, panel and parallel sessions and the opportunity to write business. The MORO attracts the elite leaders of the global reinsurance industry and is the cooperative and mutual insurance sector’s only global dedicated reinsurance conference.
Keynote speaker Beale will share her unique perspective on the challenges facing the insurance industry and the future for Lloyd’s in a changing market with new global economics.
Earlier this year Beale spoke out about the potential for insurance to play a key role in enhancing global resilience to climate change during the Lloyd’s/Aldersgate Group co-hosted business conference.
The event, entitled Maintaining momentum beyond Paris: what next for international & UK climate policy? brought together business leaders, NGOs and policymakers to discuss the next steps for the UK after the COP21 global climate agreement.
Beale set out the impact that climate change is having on the industry: “Since the 1980s the number of registered weather-related loss events has tripled. Inflation-adjusted insurance losses from these events have increased from an annual average of around USD 10bn in the 1980s to around USD 50bn over the past decade.”
ICMIF CEO, Shaun Tarbuck commented: “We are thrilled to have Inga as our keynote speaker at this year’s MORO. As well as being an extremely strong speaker with a wealth of experience, she is also a fellow advocate for finding ways for insurers to help mitigate risks associated with climate change. ICMIF also addressed the COP21 Conference delegates and is now actively working with the United Nations and the wider insurance sector on a project to increase the volume of Smart-Risk investments in insurer’s portfolios.”
Registration is now open for ICMIF’s premier reinsurance event.