Melbourne Marine Insurance Forum Inc. 

 


 

 

 

 

 

 

 

 

The MMIF Presents: Neil Hiller, Managing Director at Austbrokers Hiller Marine - "The lost science of Marine insurance rating"

  • 20 Aug 2019
  • 11:00 AM - 12:00 PM
  • Colin Biggers & Paisley who are located at level 23, 181 Williams Street, Melbourne

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The MMIF is pleased to announce that we will once again be hosting Neil Hiller, Managing Director at Austbrokers Hiller Marine.

Neil is no stranger to most in the Marine Insurance industry with more than 35 years in marine insurance broking, underwriting & risk management in Australia, South Africa and London. Before establishing Austbrokers Hiller Marine in partnership with Austbrokers, he was General Manager of the ‘Marine Specialty Risks’ division of QBE.

In his presentation "Neil argues that as the size of the marine market relative to other classes of businesses continues to contract, its ability to retain its own historic, tried and tested, pricing methodologies has similarly diminished. Marine underwriters are increasingly required to adopt rating models that are more relevant to property or casualty covers but do not take into account the divergent nature of marine risk exposures and the different ways marine policies are structured.

The marine market used to pool its data globally and this led to consistency of approach; this is no longer the case. The result is significant pricing disparities amongst marine insurers that can leave clients and brokers bewildered. Neil provides some examples of these and illustrates how the current trend in pricing approach creates pricing anomalies and sometimes defies actuarial logic. He advocates the reversion to traditional pricing models which includes the capture and analysis of meaningful underwriting data through the better application of new technologies”

Feel free to join the live webinar if you cannot make the presentation by following the instructions below.

Computer, laptop and smartphone device access

1. Click on this link or copy the following into your browser: https://www.gotomeeting.com/en-au/webinar/join-webinar

2. Enter the ID: 424-891-579 along with your email address

We recommend logging in 10 minutes prior to the session. You can use either your phone or computer speakers for audio. Your microphone will be muted.

You can test your setup by clicking here.

Conference phone call access - audio only

1. Dial 03 8488 8990

2. Enter the access code: 467-860-786

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