Master lays out his vision

Master Ajay Gupta set out his vision for his year in his speech to the Installation Dinner at Mercers’ Hall.

He spoke of the need to embrace the traditions and roots of the Company in the context of the rapidly changing business environment, especially in the era of artificial intelligence.

“For me, the Worshipful Company of Insurers represents something truly special.

“It brings together the finest traditions of the City with the opportunity to make a real difference to the future.

“Through fellowship, education, charity and service, we have the ability to connect generations, encourage talent and support those who need us.

“Our motto is "Protect All."

“Two simple words. But what an extraordinary responsibility they carry.

“They speak not only to the purpose of insurance, but also to our obligations to society.

And they lead naturally to my theme for the coming year:

“The impact of artificial intelligence on the insurance profession — and particularly on our people, education and future talent.

“AI will change how we assess risk, serve customers, make decisions and develop our businesses.

“But the most important question is not simply what technology can do.

“It is what we, as people and as a profession, choose to do with it.

“Technology may transform our capabilities, but integrity, judgement, empathy and trust must remain at the heart of insurance.

“Our challenge is not to resist change, but to embrace it responsibly, while ensuring that the next generation has the skills, confidence and opportunity to flourish.”

The Master’s guest speaker was Pablo Lloyd OBE who spoke on the key topic of business ethics and AI, a central aspect of the Master's theme for the year. Pablo is the author of the 'Financial Times Guide to Business Ethics' which was recently shortlisted for Business Book of the year.

Members and guests also heard from the Lady Mayor Dame Susan Langley about her year in office and Sally Brammall, newly installed Junior Warden, proposed the toast to the guests.