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European Risk Management Seminar 2020

A hardening insurance market was already having multiple consequences for risk managers when the Covid-19 pandemic hit. Now as programmes come up for renewal, prices are expected to rise in many lines of business and capacity may be limited and expensive. Risk managers have only two real options: pay more, possibly a lot more, or buy less coverage. Is the situation now so uncertain that insurance should be on the risk register?

Paying more premium doesn’t create specific technical challenges, except explaining the value of the coverage to senior management at a time of financial stress. Buying less cover  pushes risk managers back to basics: ensuring a clear understanding of risk exposure and options for self-finance within the risk appetite.

These various topics will be developed through the three workshops of Monday 12 October and the panel will aim at introducing the hardening market rationale and its various impacts on the risk managers’ daily tasks, paving the way to the workshops where technical knowledge and actual feedback from real cases will be shared.

Speakers on stage

  • Laurent Nihoul

    General Manager – Corporate Risk and Insurance
    ArcelorMittal

    Laurent Nihoul is General Manager – Corporate Risk and Insurance for ArcelorMittal, the world leading corporation in the steel and mining industry. He has more than 19 years of experience within the risk management, insurance and reinsurance business.

    In his current position, he is in charge of leading and operating ArcelorMittal’s worldwide insurable risks management and financing strategy, including captive (re)insurance and in-house brokerage operations.

    Formerly, he held several positions in the risk advisory sector (Aon and Deloitte) and also worked as an underwriter for more than ten years (liability lines and facultative reinsurance).

    Laurent is Belgian and holds a Master degree in Finance and Insurance, an Insurance Broker Degree and a Master in Philosophy.

    To read Laurent Nihoul’s speed interview, click here