Do we talk enough about how to mitigate D&O risk? Join us for our discussion with risk and insurance expert, Julia Graham, CEO of Airmic. We delve into the intricacies of managing the constantly evolving intangible risks relevant to directors and officers. As underwriters of D&O risk; are we doing enough to help, are we asking the right questions, and what is it we should be asking that we don’t?
Timestamps
00.24 – 03.50: Richard and Owen introduce the episode, topics and guests – Julia Graham, CEO of Airmic, and Philippe Gouraud, CEO of Rising Edge.
02.34 - 03.50: Richard explains what a captive is, and their relevance to the D&O discussion.
03.55 – 05.32: Philippe explains what D&O underwriters can learn from the property market and what he means by the “sprinkler for D&O”.
05.32 – 07.20: Julia discusses the development of risk management principles for D&O and increasing intangible risks.
07.20 – 09.21: Julia explains why soft skills, such as communication and learning, are key to D&O risk management in the boardroom.
09.29 – 11.00: Owen explains why organisational culture is important to mitigating D&O risk.
11.00 – 12.25: Julia says companies who take the value of their brand very seriously are usually more successful on managing D&O risk, while those with experience of a claim can provide valuable insight.
12.56 – 15.25: Julia shares what she believes are the most prominent emerging risks for D&O, including ESG and AI, and how they should be considered and addressed.
15.26 – 18.35: Philippe provides the Rising Edge perspective on whether a ‘good’ ESG rating equals a good D&O risk, and how he views AI risks.
18.35 – 21.09: Philippe and Julia debate how ESG, cyber and AI have become mainstream topics in governance and the challenges they present in the boardroom.
21.10 – 25.12: Julia and Philippe discuss their experience as captive board members and the importance of D&O cover for directors of captive insurance companies and what questions they should be asking of their D&O policies.
25.12 – 28.47: Owen asks Julia to share her views on the D&O underwriting process, whether the relevant questions are asked and what other questions she recommends.
28.53 – End: Richard and Owen reflect on the episode and Owen shares his key learnings from the discussion.
In this episode, Julia references the Airmic Captive Governance Guide, which includes discussion on D&O insurance in the context of captive insurance.
For more information on Rising Edge visit their website, and for the full Rising Edge D&O Podcast archive click here.