With an ever-increasing number of threats facing the insurance sector - alternative capital, rapidly developing e-trading, #InsurTech disruption, benign loss environments putting pressure on rates, etc - many, if not all, organisations to continue to look for a competitive edge.

However, on certain key issues collaboration is essential. The insurance industry has often proven it is able to work with a common interest to the benefit, not just of the sector, but more broadly to society.

As time progresses and ever more complex and unusual risks present themselves, it is vital that the industry continues to invest in the talent that has been educated in this modern risk landscape. Combining deep experience with innovative thinking has generally yielded the most productive results, and will enable businesses to provide effective solutions to the problems facing us all.