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Insurance forum to take captive sector back to its roots with ‘creative destruction’ theme

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THE 2018 Guernsey Insurance Forum takes the island’s captive sector back to its roots with the theme of ‘creative destruction’.

The 2018 Guernsey Insurance Forum is taking place in London. (22097133)

Guernsey’s insurance industry’s first foray into serving non-domestic clients started with captive structures. Credited to economist Joseph Schumpeter in the 1940s, ‘creative destruction’ describes the processes by which the old is replaced by the new.

‘In another year where international tax reform and Brexit threaten to disrupt the status quo, we called on Joseph Schumpeter’s science to put today’s events in context,’ said Dominic Wheatley, chief executive of promotional agency Guernsey Finance.

‘Fortunately, creative destruction also has positive potential, which encourages us to look for opportunities amongst the threats, such as technical innovations and organisational transformation.

‘I’m sure this very apt theme will prompt some fascinating discussion from all our contributors.’

The Guernsey Finance-hosted event, now in its third year, takes place in London on Thursday 11 October. It will feature a keynote speech from Karl Hennessy, CEO of Carrier Solutions at Aon.

His speech will be followed by two panel sessions. The topics to be explored by the panel include ‘What Brexit means for you’ – the impact of Brexit on risk managers, understanding the risks to your organisation, regulatory risk in the insurance market, and turning crisis into opportunity – and ‘Substance in the insurance industry’ – ‘bricks and mortar’ v. ‘mind and management’, the impact of technology, practical substance considerations, and outsourcing/offshoring.

TV journalist and broadcaster Naga Munchetty will moderate both panels for the second year running. The free-to-attend event takes place at Banking Hall, 14, Cornhill, London. Registration begins at 1.30pm, with the event ending in a drinks reception at 5pm. For more information and to register, visit the event website, or contact emily@weareguernsey.com for more details.

Will Green

By Will Green
Business Editor

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