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Quarterly Seminar 8 December 2023

8 December 2023

9.30 - 1.30

Join us at the final Quarterly Seminar of 2023 to network with industry colleagues and hear speakers discuss the insurance aspects of AI and how it should be audited, climate change risk and internal audit and personal impact - how Internal Audit can be seen as partners not the “business police”. Post event all attendees will be entitled to claim up to 3 hours CPD.

Join us to meet and network with colleagues and industry peers, and hear presentations on:

  • AI and the insurance market, its use and development - how within Internal Audit can it be audited?
    • Nikhil Asthana , Head of Data, Regulatory Change, RegTech and Digital Advisory Practice, Grant Thornton
    • Nousheen Hassan, Director, Insurance Risk Assurance, Grant Thornton

The insurance industry is at the cusp of a transformative era where leading-edge insurers are now placing data at the heart of their strategic and operational plans. The industry is redefining business and operating models driven by regulatory changes, growth in data, collaboration within ecosystems, automation and technology advancements, such as Generative AI.

Many insurance firms are undertaking multi-year data transformation programmes across their value chains. Such transformation programmes entail data driven decision making, process automation, data platforms, enterprise approach to data governance, deploying artificial intelligence and machine learning (AI & ML).

This session will focus on:

  • Current and emerging data risk landscape within the insurance sector
  • Key use cases of data & AI adoption for both defensive and offensive objectives 
  • The key trends and considerations to watch out for when auditing AI & ML. 

Climate Change Risk and Internal Audit

  • Michelle Radcliffe, Director, Insurance Consulting & Technology, WTW
  • Tim Newman, Associate Director - Climate Analytics and Exposure Management, WTW

This session will focus on the climate financial risks facing (re)insurers today.  By identifying, mitigating, and managing such risks, and providing insights into the evolving climate risk landscape, internal audit can play a key role in building their company’s risk management framework, and ensure that climate change considerations are integrated and embedded across the organisation. 

The presentation will also look at the risk assessment tools available – with a focus on the physical, transitional and liability aspects of climate change.  

  • Personal Impact - How IA can be seen as partners not the “business police”
    • Esther Stanhope – The Impact Guru

Esther will share her tips on how to win over any audience, using her experience and knowledge gained from 20 years in broadcasting and 10 years working with business leaders and FTSE100 organisations.  You’ll walk away with more confidence and better interpersonal skills to build relationships, plus a few quick fix hacks to share with your team.

The Seminar will begin with registration and refreshments at 9.30am, will include a mid-morning coffee break with festive refreshments and finish with a buffet lunch at 1.00 pm.

Attendance is £75 per head.

Deloitte

2 New Street Square

Greater London

EC4A 3TR

The presentations for this event are available to download for IIAG members only.

AI and the insurance market, its use and development - how within Internal Audit can it be audited?

Nikhil Asthana
Nousheen Hassan

615 kb

Personal Impact - How IA can be seen as partners not the “business police”

Esther Stanhope

3003 kb

Is there Shelter from the Storm - Climate Litigation

Michelle Radcliffe

1019 kb

Speakers Icon

Speakers Profiles

Nikhil Asthana

Head of Data, Regulatory Change, RegTech and Digit

Grant Thornton

 

 

 

Nikhil leads Grant Thornton's Data, RegTech and Digital practice and has with over 20 years of experience, focused on data, regulation, transformation, automation and innovation.

His career includes senior roles at Barclays and Deutsche Bank in COO and CDO roles.

Nousheen Hussain

Director, Insurance Risk Assurance

Grant Thornton

 

 

Nousheen is a Director leading the Insurance Risk Assurance offering at Grant Thornton in the Financial Services, Business Risk Services Team. Prior to joining Grant Thornton, she ran her own boutique consultancy business in risk and audit, which enabled her to enhance her commercial acumen and better understand the challenges faced by business stakeholders in running their day-to-day operations.

She has headed and managed risk and internal audit functions at general insurers such as Markel International and Brit, and Lloyd’s of London market managing agents including Neon and Pembroke Ironshore.

She qualified as a Chartered Management Internal Auditor with Deloitte in 2004, has a degree in Law and currently Co-Chairs the iEngage Fellowship Committee, which forms part of the Worshipful Company of Insurers.

Michelle Radcliffe

Director

WTW

 

 

 

Michelle joined WTW in January 2023, moving from law to consultancy, specifically to advise (re)insurer clients on climate and ESG risk solutions. 

Prior to joining WTW, Michelle was a Senior Associate / Solicitor Advocate at the international law firm CMS, where she spent 14-years in the insurance team advising (re)insurer clients on policy coverage, drafting wordings, and acting in the defence of claims across a number of lines of business before specialising in Financial Lines.

In her final year at CMS she worked as an environmental lawyer, advising clients on UK Net Zero, the European Green Deal, Circular Economy, climate and environmental risk assessments and reporting. 

Since joining WTW, Michelle has been working alongside colleagues in the Climate Resilience Hub, the Willis Research Network and the Corporate Broking team to develop WTW's climate and ESG proposition for insurers and policyholders – developing underwriting frameworks, providing expert input on the impact of climate-related initiatives and developments (NZIA Protocol, CBES), advisory services on climate litigation trends, scenario and stress testing and the evaluation of ESG data. 

She sits on the Managing Committee of ClimateWise, and is the WTW representative for the UN Principles for Sustainable Insurance.

Esther Stanhope

The Impact Guru, Keynote & TEDx speaker

 

 

 

Once a terrified public speaker herself, Esther is now a professional keynote and TEDx speaker, award winning author of the book Goodbye Glossophobia- Banish your fear of public speaking, and a former BBC Producer who helps leaders and professionals all over the world to speak with more presence & impact.  She’s worked with prime ministers & clients from Deloitte, Barclays and the British Army to nail their speeches, win pitches and overcome panel nerves.

She’s published several eBooks and audiobooks with Bookboon and has her own podcast series ‘Virtually Confident’ featuring many expert women in finance and leadership including Vanessa Vallely OBE and psychotherapist (former TV personality) Melinda Messenger.

She’s also the founder of the 80% Perfect Club – an online confidence coaching lifesaver for professionals who don’t have access to a one to one coach!