GIRO 2025: climate risk and claims inflation

Hot on the heels of our seminar in Gibraltar, the team headed to the Institute and Faculty of Actuaries' GIRO Conference 2025 at the Liverpool Experience Campus. Alex Marcuson and Marcus Schofield both spoke as part of their working parties:

• Alex, co-chair of the GI Climate Change Working Party, presented two workshops with the working party, on the evolving landscape of climate risk and how insurers and reinsurers can respond strategically.
• Marcus joined the Claims Inflation Working Party with an update on its work helping actuaries better allow for inflation uncertainty.

Both topics remain front and centre for general insurers, and both working parties have previously been recognised at GIRO.

From Alex

It is always a privilege to spend time with so many smart, thoughtful and energetic people, rising stars and experienced old-timers, and it reminds me how lucky I am to have found a career in this wonderful profession.

The working party had the opportunity to present twice, including a "GIRO After Hours" special. It turns out that if you offer more workshops, 50 people will give up drinking time to attend, with many questions to boot. The slides are available to IFoA members on the IFoA's learning platform.

GIRO is always a great event for catching up with people across the market, and this year was no exception. Thanks to everyone we caught up with, and to Marcus Schofield and Steven Fisher for representing Marcuson Consulting in Liverpool alongside Alex.

If you would like to talk through anything we presented, please get in touch.