Today’s episode is produced in association with Willis, one of the world’s leading risk advisory, broking and solutions businesses.
It is also part of a Following the Rules series delivering practical guidance on navigating legal, regulatory, technological and cultural change.
Insurance has traditionally been viewed as a way of transferring risk. But for financial institutions facing rising regulatory scrutiny, growing cyber threats and the rapid emergence of AI, insurance is now becoming a much more strategic board level issue. Boards are increasingly expected to understand exactly what they’re buying, what it covers and how it fits into the firm’s wider resilience strategy.
So what does good insurance governance actually look like? How should firms decide what cover they need? How much is enough? And as risks become more interconnected, where are the biggest gaps beginning to emerge?
Joining us to discuss these questions are three experts in the field.
Claire Nightingale is a former bank General Counsel and Head of Global Banking Compliance who now helps financial institutions navigate and recover complex insurance claims as Global Head of FINEX Financial Institutions Claims Advocacy at Willis. Andrew Hill is a former insurance lawyer who now leads Willis’ Cyber Coverage and Innovation team alongside its AI coverage strategy. And Paul Search is a Managing Director at Willis, specialising in operational risk, insurance strategy and capital optimisation.
Together, they unpack why insurance is becoming a board-level issue in entirely new ways, and what firms need to do now to stay ahead.
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