With RIMS now behind us, we are beginning to get a real sense of the issues and challenges that delegates are talking about. The key themes of economic, political and cyber risks drove the conversation. It isn’t a huge surprise to see such a unanimous response to the ‘what keeps you awake at night’ question, which we also predict will be echoed at AIRMIC in a couple of months.
The global risk market is facing a huge degree of uncertainty in the coming weeks. The fact that the Presidential race is turning ugly with months still to go to the finish and the view of a possible Brexit are obviously cause for concern amongst the risk management community. Both are likely to impact on business sentiment and confidence.
The competitive landscape in the US means that exhibitors really invest significant amounts in communicating their message and getting to see clients and prospects. This year, we have seen a reduction in the scope of some of the exhibition booths, however less investment there has been countered by more investment in meeting spaces and hubs. The Aon and Marsh lounges were huge, whilst Willis Towers Watson took the opportunity to engage with their new branding in their own space. The take out from this must be that competition is increasing and this extra ‘talk time’ is both a defensive measure by some and a proactive move by others.
Understanding and managing risk was high on the agenda to try and combat the uncertainty. The number of suppliers trying to do this is huge, with Ventiv, RiskConnect and Origami fielding a strong presence. We are certainly familiar with the former two but Origami is just reaching out to the UK, so I guess it is very much ‘watch this space…’.
San Diego has been a great host city, they have worked hard to make everyone feel welcome – especially with the opening in the Gaslamp Quarter. And the Swiss Re transport is a great help.
Here’s a round-up of some of our favourite tweets from this year’s event:
— Risk & Insurance® (@RiskInsurance) April 11, 2016
— Marsh (@MarshGlobal) April 11, 2016
— Risk & Ins Mgmt Soc (@RIMSorg) April 11, 2016
— Inga Beale (@IngaBeale) April 11, 2016
— Steve Wilson (@stevewilsonlive) April 11, 2016
— WTWrisk (@WTWrisk) April 13, 2016