InsurConnect Gibraltar: Insurance, Innovation and Startups

Name: InsurConnect Gibraltar: Insurance, Innovation and Startups
Start: 2024-01-25T09:00:00+01:00
End: 2024-01-25T19:00:00+01:00
Location: Aurora Ballroom, Sunborn Gibraltar

Jan 25, 8:00 AM – 6:00 PM (UTC)

Gibraltar

Aurora Ballroom, Sunborn Gibraltar, Sunborn Yacht Hotel, 35 Ocean Village Promenade, Gibraltar, GX11 1AA

The conference aims to foster meaningful discussions, facilitate expert knowledge and exchange and present unparalleled networking opportunities. By bringing together international insurance professionals within Gibraltar's dynamic insurance community the event seeks to shine a spotlight on the insurance landscape.

In-person event

About this event

The world of insurance is evolving rapidly and Gibraltar is emerging as a hub for insurance. Gibraltar offers a unique advantage for insurance businesses and start-ups, it's strategic location, regulatory framework  and vibrant business ecosystem make it an attractive destination for entrepreneurial endeavours. HM Government of Gibraltar and Minister for Justice, Trade & Industry Hon. Nigel Feetham KC MP commitment to fintech, DLT and insurance innovation and regulatory frameworks further positions Gibraltar as a fertile ground for the industry.
At Startup Grind Gibraltar we are dedicated to fostering new business and startups in partnership with Hassans International Law Firm Ltd, Gibraltar Finance, Artex, Willis Towers Watson, Trinity Lane, The MPLC Ltd, Senate and other stakeholders to host this full day event on the 25th January 2024 at the 5 star Sunborn Yacht Hotel.


Gain insights into the thriving insurance ecosystem in Gibraltar, a global hub for innovation and growth.
Navigate the evolving regulatory landscape with sessions led by experts, ensuring you stay ahead in compliance and regulatory changes.
Forge valuable connections with industry leaders, fellow professionals and potential collaborators, fostering growth and partnerships.
Explore opportunities and collaboration in Gibraltar, strategically positioned for international market access.


Industry professionals, including Brokers, MGAs, Captives, PCCs, Insurtechs, Reinsurers and Startups will benefit from a unique platform to network, gain insights and explore the exceptional opportunities Gibraltar offers in the insurance sector


The conference aims to foster meaningful discussions, facilitate expert knowledge and exchange and present unparalleled networking opportunities. By bringing together international insurance professionals within Gibraltar's dynamic insurance community the event seeks to shine a spotlight on the insurance landscape.
Gibraltar's Insurance Sector Growth in 2022 - Highlights
Motor insurance remains the dominant sector with Gibraltar's insurers collectively exceeding a 30% market share of the UK motor insurance market for the first time. This noteworthy accomplishment affirms Gibraltar's position as a leading insurance domicile for motor insurance policies.
Whilst motor insurance remains the major sector, Gibraltar’s insurance industry has in recent years built and consolidated its position in other classes of business and activities. Today, it estimated that Gibraltar pet insurers have a collective share of the UK pet insurance market of circa 20% and Gibraltar travel insurance platforms are used to intermediate more than 30% of all travel insurance policies sold in the UK. This trend signifies the industry's ability to adapt to evolving consumer needs and demonstrates diversity within Gibraltar’s insurance sector .
Furthermore in recent years Gibraltar has attracted re-domiciliation from other jurisdictions. This move demonstrates Gibraltar's appeal as a conducive and supportive environment for insurance companies and startups seeking new growth opportunities.
A new bill later this year is set to pave the way, in response to the industry's request for greater flexibility for captive insurance, for a dual captive regime. This legislative development is a testament to the jurisdiction's commitment to fostering innovation and remaining relevant in a competitive global insurance market.

Sunborn Gibraltar Yacht Hotel is offering a special rate of £160 per room / night including breakfast (single occupancy) and £170 per room /night including breakfast (double occupancy), a supplement charge of £3 per person/ night is applicable (Tourism Tax)Bookings can be made via res@sunborngibraltar.com with code INSU130923
For inquiries or more information, please contact:
Denise Matthews Chapter Director Startup Grind Gibraltar denise.matthews@startupgrind.com
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PARTNER INSURANCE EVENTS 

Check out what happened

Speakers

Nigel Feetham KC MP

HM Government of Gibraltar

Minister for Justice, Trade & Industry

Yvonne Chu

Hassans International Law Firm Ltd

Partner, Head of Insurance

Mike Ellis

Artex

Managing Director

Mellissa Collett

CEO

Insurtech UK

Elizabeth Carbonaro

wtw

Regional Managing Director

Richard Cutcher

Captive Intelligence

Founder & Editor

Freddie Scarratt

Gallagher Re

Deputy Global Head, InsurTech

Clare Ruel

Insurance Times

Technology Editor

Adrien Collovray

wtw

Head of Captive Advisory, GB, Europe and International

Mervyn Skeet

Association of British Insurers

Director General of Insurance Policy

Kathryn Morgan

Actuary & Non Executive Director

Clive Dodds

Director

Trinity Lane

Graeme Henderson

Euroguard Insurance Company PCC Limited

Executive Director

Monika Sookhee

Gibraltar Financial Services commission

Governance & Regulation, Insurance Authorisations

John Young

MPLC Ltd

Founder

Warren Downey

Specialist Risk Group Ltd

CEO

Kristian Menez

Gibraltar Financial Services Commission

Director of Prudential Supervision

Nicholas Pecino

Senate Insurance Brokers

Co-Founder & Director

Andy Wright

EICL

Managing Director

Nadine Collado

University of Gibraltar

Director of Professional Development & Continuing Education

Michael Ashton

Chair & Non Executive Director

Angelique Linares

Managing Partner

EY Gibraltar

Steve Mumford

Managing Director

Advantage Insurance Company Ltd

Paul Harvey

Adiona

Founder & CEO

When

Thursday, January 25, 2024
8:00 AM – 6:00 PM (UTC)

Where

Aurora Ballroom, Sunborn Gibraltar
Sunborn Yacht Hotel, 35 Ocean Village Promenade
Gibraltar, GX11 1AA

Agenda

8:00 AM	Registration & Welcome Coffee
8:00 AM	Introduction & Thanks Sponsors
8:05 AM	Opening Remarks Minister for Justice, Trade and Industry Hon. Min. Nigel Feetham KC MP
8:30 AM	A walk through time – Yvonne Chu, Head of Insurance, Hassans International Law Firm Limited	Yvonne Chu, Head of Insurance at Hassans International Law Firm Limited, will explore Gibraltar’s remarkable economic, legislative, and regulatory transformation over the past three decades. Drawing from her extensive experience in the financial services and insurance sectors, Yvonne will detail Gibraltar's journey from a predominantly MoD-reliant economy to its current status as a globally recognised financial centre. With her comprehensive legal expertise in insurance, investment funds, banking, and finance, Yvonne brings a unique perspective to this narrative. Her role in advising on significant mergers and acquisitions, as well as setting up investment funds using protected cell companies’ structures, especially in the captive insurance market, makes her an authoritative voice on Gibraltar's financial evolution.
9:00 AM	The Rock’s Competitive Advantage: Why insurers and MGAs should consider Gibraltar	Panel Host : Mike Ashton (NED and formerly Gibraltar Finance Insurance Senior Executive) Panel: Angelique Linares - EY, Clive Dodds – Trinity Lane Insurance Company, Mike Ellis – Artex, Yvonne Chu – Hassans Gibraltar-based insurers already have a strong foothold in the UK insurance market because there are many advantages to domiciling your insurance business here. The panel will answer questions about financial issues, regulatory matters, speed to market, expertise and other advantages of the Gibraltar market. It will help insurers and MGAs to understand why Gibraltar might be a great place to establish their business. The panel of experts is drawn from a range of advisors including Lawyers, Insurance Managers and Auditors.
9:45 AM	Coffee Break
10:15 AM	Insurance Landscape: Use Cases and Innovation	Fireside Chat w/ Elisabeth Carbonaro - wtw moderated by Richard Cutcher - Captive Intelligence This discussion will explore how the insurance market and captives are enablers of innovation, with practical use cases and perspectives. It will also examine Gibraltar’s evolution in the commercial insurance sector, examining its growth, adaptability, and future.
11:00 AM	Keynote	Mervyn Skeet is Director of General Insurance Policy at the ABI. Mervyn has been with the ABI for more than five years and was previously Head of Tax and London Market. Prior to joining the ABI in November 2017, Mervyn was Global Head of Tax and a Managing Director for the XL Group of companies. He has worked in the Insurance industry for more than 33 years and has significant leadership experience and knowledge of the General Insurance market. Mervyn is an expert in international tax policy and its impact on the global insurance industry and has played a leading role in positively influencing the outcomes of the OECD work on Base Erosion and Profit Shifting. Mervyn is a fellow of The Association of Chartered Certified Accountants and has also held various financial positions at Chubb and the accountancy firm Moores Rowland.
11:30 AM	Lunch
12:30 PM	Tech and Insurance - Insights from Industry Innovators	Moderated by Clare Ruel, Technology Editor of Insurance Times, this session features a lineup of seasoned professionals who are at the forefront of insurance innovation: Freddie Scarratt, Deputy Global Head of Gallagher Re’s InsurTech Melissa Collett, CEO of Insurtech UK Andy Wright, Managing Director of EICL, Extracover Group Paul Harvey, CEO and Founder of Adiona This panel will explore the intersection of insurance and technology, discussing how emerging trends are challenging traditional models and creating new opportunities. Panelists will share their unique perspectives on how technology is enabling startups to disrupt the market, the evolving role of Gibraltar as a hub for insurance innovation, and the future direction of the industry in a rapidly changing digital landscape.
1:30 PM	Gibraltar's New Dual Captive Regime and the Evolution of PCC Models	Moderated by Richard Cutcher Founder and Editor Captive Intelligence A panel discussion that will delve into Gibraltar's groundbreaking introduction of a new dual captive regime and the burgeoning potential of the Protected Cell Company model with Adrien Collovray, Director, WTW Strategic Risk Consulting, Graeme Henderson, Executive Director, Euroguard Insurance Company PCC Limited, Michael Ashton, Former Senior Finance Executive, Gibraltar Finance; Independent Non-Executive Director, Advantage Insurance Company and Kathryn Morgan, Actuary and Non-Executive Director, Insurance Companies
2:15 PM	Coffee Break
2:45 PM	Blueprint for Success The MPLC, SRG and Advantage in Gibraltar	KEYNOTES: John Young, Founder of The MPLC Ltd, Warren Downey, CEO of Specialist Risk Group. With his extensive experience from the formation and development of Marketform Limited to the establishment of The MPLC in Gibraltar, John Young discusses valuable insights into the strategic advantages of Gibraltar as a jurisdiction for insurance businesses. Warren Downey, with his leadership role at SRG and experience in expanding the managing general agent business, discusses the strategic vision behind incorporating The MPLC Ltd and the broader implications for market-leading MGA capabilities. This session will provide an in-depth look into the processes, challenges and triumphs of building a successful insurance business in Gibraltar and opportunities for growth in the insurance industry. PANEL: John Young, Warren Downey and Steve Mumford Managing Director Advantage moderated by Kathryn Morgan
3:45 PM	Building Skills for the Future of Insurance	Nadine Collado, Director of Professional Development & Continuing Education, and Nicholas Pecino, a prominent insurance professional and educator, will cover the opportunities and initiatives for training and talent development in the insurance industry in Gibraltar. Nadine brings her extensive experience in developing industry-specific professional programs and her role in leading the University of Gibraltar's Language Centre and community outreach initiatives. Her insights into creating tailored training programmes and upskilling opportunities are invaluable for insurance professionals seeking continuous growth. Nicholas Pecino, with his expertise in property and casualty insurance and his role in co-founding Senate Insurance Brokers, will share his experiences in fostering talent within the insurance sector. His involvement in establishing an insurance training scheme and his work as a lecturer and council member of the Gibraltar Insurance Institute underscore his commitment to nurturing the next generation of insurance professionals.
4:15 PM	GFSC Presentation - Staged Application and Captive Regime	Gibraltar Financial Services Commission Presentation: An overview of the new staged approach to applications for insurance companies and Captive regimes with Monika Sookhee and Kristian Menez. Monika Sookhee is the Head of Insurance at the GFSC. In her role, Monika is responsible for driving and delivering the strategy for the authorisation and supervision of insurance companies, and identifying and managing risks that could impact the organisational objectives. Prior to her role at the GFSC, Monika was the general insurance sector lead for a Big 4 audit firm, providing audit and advisory services across financial services, with a focus on non-life insurance. Monika also sat on the audit faculty of the Gibraltar Society of Accountants. Monika is a qualified accountant with 15 years of experience and holds a degree in Accounting and Finance from the London School of Economics. She is also a steering committee member of the Women’s Insurance Network in Gibraltar. Kristian Menez is a member of the Gibraltar Financial Services Commission’s (GFSC) Senior Management team and Director of Prudential Supervision, overseeing the delivery of key strategic objectives and operations for the organisation. In his role, Kristian is responsible for the authorisation and supervision of regulated banks and insurance companies and sits on the GFSC’s Regulatory and Authorisations Committee. Since starting his professional career in London in 2001, Kristian has worked with firms in the banking and insurance sectors and worked as an Audit and Consulting Partner for a Big 4 audit firm. He also served as Chair of the Technical Committees for both the Gibraltar Society of Accountants (GSA) and the Gibraltar Insurance Association (GIA).
4:45 PM	Q&A
5:00 PM	Thanks and End
5:00 PM	Drinks & Canapes Sapphire Bar sponsored by Gibtelecom