Oxbow Partners

Celebrating 10 incredible years of Oxbow Partners with an unforgettable ski trip in Courmayeur, Italy! We had an amazing time, filled with fun, great memories and celebrations of our achievements🎿 Here's to many more years of success and adventure! Sounds like somewhere you would like to join? We are hiring! Take a look at our careers page: https://bit.ly/3VKsi4h #10YearAnniversary #SkiTrip #OxbowPartners

Data & analytics has been an area of significant investment for many of our clients. Despite this, insurance remains a couple of years behind other sectors in data & analytics maturity. Insurance was not insulated to the splash made by the at-scale emergence of generative AI. Many have experimented in pockets, few have realised tangible value at scale. It will be interesting to see whether this changes in 2025. Read more: https://bit.ly/42Ozjpb

💡Set out a strategy for Delegated Authority Check out our latest TINsight coming from Oxbow Partners, who we were delighted to welcome to TINtech London Market earlier this month. The report explores what factors CEOs should take into account when setting a strategy for Delegated Authority / MGAs, and addresses many of the same issues as the Delegated Authority Strategy Day that The Insurance Network launched last week. 📖 Read the report: https://lnkd.in/eZQSRYif

We are looking for a Partner or two to help us establish a #NYC office. If you are someone we should be talking to, or if you can point us in the direction of someone suitable, please do drop me a line. Confidentiality and gratitude guaranteed. The suitable candidate will have significant *strategy* consulting experience, a solid contact book of CEOs, CUOs and COOs, and fire in their belly. (And, given that last bit, capability to understand English idioms). The pitch: The thrill of building a new office in a new geography, but leveraging the transatlantic client base and content that we have built over the last ten years. Remember: Oxbow Partners is the UK's leading strategy consulting platform for insurance (source: recent FT study). Oxbow Partners Stephen Ferguson

Partner Christopher Sandilands delves into the world of insurance, unveiling how it serves as the backbone of our global economy and society. Climate change and natural disasters are pushing insurance into the center of political debates. How do we keep insurance affordable while encouraging investment in risky areas? The answer lies in understanding the critical role of insurance and reinsurance in our everyday lives. At Oxbow Partners, we specialise in advising the insurance industry, tackling big, industry-defining topics with senior leaders. Discover more about what we do and why insurance is at the heart of everything. https://lnkd.in/eUnW6DH7 #Insurance #Reinsurance #ClimateChange #GlobalEconomy #OxbowPartners #society #publicpolicy #careers #recruitment

Data & analytics are often spoken about as core to any carrier – but what does that actually mean? For some, there has been meaningful investment – even if still lagging other sectors. For others, they’ve got by without any real upgrade to their infrastructure. With the evolution of Gen AI, will such a position remain tenable? Read more: https://bit.ly/3WRVMh1

Lloyd’s Expense ratios and admin ratios have fallen in recent years. However, a closer look tells a different story. Our analysis estimates that 60% of syndicates are at risk of cost challenges in the event market softening. Are you well placed or will your admin ratio come to haunt you in coming years? Read more: https://bit.ly/41lnUMn

In October we published our annual Lloyd’s and London Market CEO Agenda for 2025 – “Leading through uncertainty”. We look at the current market conditions and set out six transformation topics that we believe CEOs should address in 2025: 6. Achieve an efficient cost base and embed transformation discipline The London Market has historically had a high cost base. Although the expense ratio dropped from 38.4% in 2018 to 35% in 2023, the admin ratio (excluding acquisition costs) remained relatively flat, but when adjusted for rate rises, it actually increased to nearly 12% in 2023. This increase may become more significant as the market changes. An analysis of admin expense ratios revealed that nearly 60% of syndicates are at risk over the next 3 to 5 years, while only 12% are well-positioned. Read more: https://lnkd.in/eFuNKzXz Read about the fifth transformation topic: https://lnkd.in/eZNjMv2i

It is a common refrain across insurance to worry about when the market cycle will turn. While it is hard to predict exactly when it will happen, you can at least be prepared to maximise your resilience to future shocks. Read more: https://bit.ly/4jURnny

Our report entitled 'The Maturity of Generative AI in the Specialty and Reinsurance Markets' looks at the transformative potential of Gen AI, current maturity and adoption, and what needs to be done, based on interviews with senior leadership at 22 of the leading specialty and reinsurance players in the world.    We found that a range of use cases are being explored, and there are three types of use cases that span the entire (re)insurance capability model: increasing the efficiency of existing activities, extending or enriching existing activities, or substituting current ways of working. How should you move forward considering the opportunities and risks that Gen AI presents? ➡️Download the report here: https://lnkd.in/eps-QTRf