Unique Perspectives

Major art exhibitions that feature some of the world’s most treasured masterpieces create a unique space for curators and scholars to further their research and provides the opportunity for museumgoers to see these great works for the first time. What visitors don’t see is the complex logistical operation that goes on behind the scenes.

Christopher Hicks, Marine Cargo Underwriting Manager and Richard Stewart, Senior Underwriter, at Liberty Specialty Markets (LSM) look at the challenges involved in underwriting large and complex cargos.

Insurance organisations are traditionally populated by underwriters, actuaries and claims handlers. So why are people like data scientists and process engineers playing an increasing role at Liberty Specialty Markets?

Paul Sankey, Liberty Specialty Market’s Global Head of Oil & Gas, says the downstream energy market needs to do some serious thinking about its profitability in the light of a run of major losses.

Insurers are guilty of spending too much time looking inwards at their own industry rather than outwards at their customers. This, argues Stuart Sutherland, Liberty Specialty Markets’ Head of Casualty, has led to rigid thinking and a blinkered view – but change is possible.

Most insurers believe that better wordings and faster payment of claims are the keys to customer satisfaction. But does the real solution lie in a fundamental re-evaluation of the way insurers respond to change? Is it time we challenged received wisdom?

Having spent her early life in Africa, Paris-based Trade Credit and Political Risks Senior Underwriter Anne-Laure Renaudeau d’Arc has a unique appreciation of the importance of the Cairo Metro’s construction to the Egyptian capital.

Having an in-depth understanding, based on granular knowledge of people, places and issues is a crucial part of being able to offer effective insurance in a country such as Lebanon. Liberty Specialty Markets (LSM) dissects every detail and neighbourhood in order to offer the right protection to our clients, while protecting LSM from the highly volatile nature of the risk.

Large-scale infrastructure projects are some of the biggest and most complex physical risks an insurer can underwrite. But long before the first concrete is poured, a construction underwriter is faced with the critical decision whether to underwrite the risk.