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Energy Insurance The Road Ahead. Dominick Hoare. The Loss/Profit Equation. Inherent Business Dilemma Demands of Capital Stable Profit Environment Sustainable Business Concept. Current Environment. Volatility Premium Increases Severe Loss Frequency

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Presentation Transcript
the loss profit equation
The Loss/Profit Equation
  • Inherent Business Dilemma
  • Demands of Capital
  • Stable Profit Environment
  • Sustainable Business Concept
current environment
Current Environment
  • Volatility
  • Premium Increases
  • Severe Loss Frequency
  • Long Term Uncertainty
lloyd s energy statistics
Lloyd’s Energy Statistics

Offshore Physical Damage - Incurred Loss Ratio

lloyd s energy statistics29
Lloyd’s Energy Statistics

Control of Well - Incurred Loss Ratio

lloyd s energy statistics30
Lloyd’s Energy Statistics

Onshore Physical Damage - Incurred Loss Ratio

lloyd s energy statistics31
Lloyd’s Energy Statistics

Energy Liability - Incurred Loss Ratio

lloyd s energy statistics32
Lloyd’s Energy Statistics

All Classes - Incurred Loss Ratio

equity markets
Equity Markets

9/11

P36 - March

Toulouse - September

situation
Situation
  • Capital Intolerance
  • Flawed Business Model
  • Short Term Solutions vs. Long Term Business
solution
Solution
  • Mutual and Constructive
  • Reduce Volatility
  • Renewed Confidence
  • Stable Capital
fundamental restructuring of business
Fundamental Restructuring of Business
  • Return on Capital
  • Higher and Consistent Premium Levels
  • Transparent Risk Transfer
insured s charter
Insured's Charter
  • Higher Quality Product
  • New Standard Levels
  • Commitment and Continuity
lloyd s
Lloyd’s
  • Flexible and Innovative Product
  • Expertise and Professionalism
  • Unique Talent Pool
lloyd s41
Lloyd’s
  • Chairman’s Strategy Group/Franchise Concept
  • Proactive and Supportive
  • Entrepreneurial Spirit
  • Strong Corporate Governance
lloyd s42
Lloyd’s
  • 9/11
  • Trading Continuity
  • Funding Obligations
  • 2000 Gross Income – £ 10.2bn
  • 2001 Gross Income – £ 11.6bn
  • 2002 Gross Income – £ 12.8bn
regulatory environment
Regulatory Environment
  • Risk Focused Management
  • LMP Reforms
  • Product Centered
  • Market Leadership from Lloyd’s
re definition of insurance business model
Re-Definition of Insurance Business Model
  • Structural Change – Mutually Driven
  • Product of Highest Quality and Integrity
  • Sustainable and Profitable
  • Is Failure an Option?
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