Future of General Insurance Conference 2011

JMR Consulting UK Ltd and our technology partner IDIT Technologies Ltd attended The Future of General Insurance Conference in London. This conference brings together the key players in the insurance industry. The aim of the conference is to equip insurance executives and senior managers with the insights to adapt to the insurance market of tomorrow. The conference is in its 11th year and there was a range of programmes and seminars on offer to enable insurance practitioners to gain insurance leading critical updates on developments with consumer behaviour, pricing and risk, innovation in distribution, regulation, claims and more.

Why this General Insurance Conference is important for us at JMR Consulting UK Ltd

The conference was held at the Grange St Paul’s in London and here at JMR Consulting UK Ltd the main reasons we attend this conference every year are:

• The conference has been running for 11 years and has a good a track record of senior speakers delivering useful and insightful content
• Every year there is a well  researched agenda, informed by discussions with senior insurers from across the market
• Focused on the GI industry to provide consistently relevant insights.
• An varied speaker line-up providing a wide range of perspectives
• The right mix of strategic market insights and practical discussions
• An opportunity for us to reach out to our current customers in a relaxed but focussed manner
• We can showcase our general insurance offerings to the general insurance market
• And many more reasons

Future Focus for the General Insurance Industry

This years conference featured an innovation forum for the general insurance sector and there were some very interesting streams with parrticular reference to innovation and new approaches. The Future Focus session allowed delegates to suggest potential technologies or methodologies that might revolutionise the future of the insurance sector. An expert panel was on hand tocomment on the likely impact of these developments and how the insurance industry can prepare to make the most out of them.

The voice of the general insurance customer

One session that we though very useful was the Peer-to-Peer Discussion Session. The voice of the customer was brought right into the conference room through a series of customer interviews, highlighting public opinion and the vaired attitudes towards insurance products and the industry as a whole. Delegates were then split into smaller groups to share ideas with their peers on the implications of these opinons and discuss potential strategies to deal with the challenges they pose.

Interactive voting session – delegate driven debate

This interactive session provided invaluable insights into the levels of confidence across the industry, as well as providing predictions for the future. Delegates were given the opportunity to vote on the likely outcome of key industry developments before our expert panel comments on the implications of these predictions. aswell as stimulating thinking on the day.

We found all these sessions very useful and provided us with some very insightful and interesting data to share with our colleagues back in the office and with our customers and future prospects.