#63 - Tom Draper: Cyber Insurance

We’re joined this week by Tom Draper, Head of Insurance at Coalition. Jerad and our guest co-host Tom Spier (who also happens to be Supercede’s in-house cyber expert) discuss how companies in cyber markets can protect against heavy capital demands, responding to market cycles, and the benefits and disadvantages of AI. EPISODE LINKS: Tom's Linkedin: https://www.linkedin.com/in/thomas-draper Coalition's Linkedin Page: https://www.linkedin.com/company/coalitioninc Coalition Website: https://www.coalitioninc.com Luther: https://www.luther.co.uk CONNECT & SUPPORT: Website: https://www.supercede.com  LinkedIn: https://www.linkedin.com/company/supercedehq Twitter: https://twitter.com/SupercedeHQ  YouTube: https://www.youtube.com/channel/UCuzfykcesD0phGaCK7qB09Q  RSS Feed: https://anchor.fm/s/7e741c8c/podcast/rss Say Hello: producer@thereinsurancepodcast.com OUTLINE & TIMESTAMPS: (00:00) Intro (00:40) Tom’s Early Career (02:19) Head of Insurance Explained (04:18) Product Evolution at Coalition (05:48) Protecting Against Capital Demands (10:05) Responding to Hardening Market Conditions (11:58) Issues With Cyber Cat Modelling (18:45) Sales Approaches for Cyber Security (20:50) Protecting People Globally (22:58) What’s Next for Coalition’s Expansion? (25:06) Proactively Preventing Exploits (28:41) Lloyd’s War Exclusion  (36:19) Benefits & Limitations of AI & ChatGPT (44:14) What Will Happen In the Upcoming Renewals?

Om Podcasten

Navigating the world of reinsurance can feel complex, but it doesn’t have to be dull. Join Jerad Leigh and Ben Rose—co-founders of Supercede and genuine reinsurance nerds enthusiasts—as they unravel the nuances of market dynamics. With industry expertise, they dive into the trends, challenges, and stories shaping the reinsurance landscape. Whether you're a seasoned professional or just looking for a little more knowledge to ensure the glazing over of eyes at parties, tune in for an engaging journey through the world of reinsurance!