Welcome to this first edition of the new style LMForums newsletter. Our aim is to bring you a selection of quality news and educational content each month, which reflects some of the key topics we see and hear through the multitude of events we produce and host within the Market. If you’d like to contribute to a future edition of the LMForums newsletter then do get in touch. We welcome content from all perspectives; inclusion is at the heart of everything we do at LMForums.
Roger Oldham, Founder of the Market’s fastest growing thought leadership and networking hub, LMForums, explains how they have adapted its increasingly popular programme of “free to access” Market events for the “lockdown” period and talks about the exciting return of the Executive Practice Group schedule. In this edition, Roger discusses diversity and inclusion and how the Market is making a concerted effort to attract and retain some outstanding talent, ahead of the big annual LMForums Leaders of Tomorrow Virtual Summit from 12-16 Oct.
By Roger Oldham, Founder of LMForums
The critical role of business agility and automation in the London Market’s ‘next normal’
It’s no secret that the path to agile, intertwined with digital, has been on the agenda in the London Market for several years. And yet, due to its rich history and traditional operating practices, it remains a market that heavily relies on in-person interactions and paper-based processes.
By Richard Farrell, Chief Innovation Officer - Netcall
The Covid-19 crisis has generated unprecedented challenges for nations around the globe, touching all aspects of our existence. Whilst it is entirely correct that the current focus of many governments and organisations’ efforts is upon saving lives, the world still must continue, and that sentiment equally applies most pressingly to global business operations, as well as economic activities.
By Kevin Brear, MSc F. IRSM FICPEM MEPS MBCI - Xcina Consulting
How can the insurance industry help clients defend against the cyber risks of Phishing, Ransomware and Business Email Compromise?
Cyber-attacks are increasing 50% year on year and now Cyber criminals are jumping on vulnerabilities exposed by the rise in remote workforces. Read how they have upped their game with increased targeted phishing attacks, hoping to access organisational networks through an employee’s lack of awareness of best practices, while working from home.
By Stephen Burke, CEO, Cyber Risk Aware
The need for change and innovating insurance.
Dr Zena Wood, Senior Research Fellow at the University of Exeter’s Business School, talks about the potential of digital technologies to enhance the efficiency of organisations and transform all sectors of the economy. Digital transformation can enable new business models, changes to business processes and the emergence of technology driven start-ups. "Innovating Insurance" is one of the University's key research projects. Read all about it.
By Dr Zena Wood, Senior Research Fellow, University of Exeter Business School.
The number of ransomware cases investigated by Kroll quadrupled over the last seven months of 2019.
In addition to encrypting data, ransomware groups are now exfiltrating sensitive data to aid in extortion attempts. Should companies refuse to pay, not only is their data lost but stolen data is then publicly exposed, potentially causing costly reputational and regulatory damage. Experts from Kroll share details on this growing trend and discuss the best practices to minimise its impact.
By Kroll - A leading global provider of risk solutions