Insurance Times Advent Calendar: Mark Huxley

1. What was your insurance industry highlight of 2024?

As someone entirely focused upon innovation and entrepreneurship, I was so heartened when I read the most recent Gallagher Re Global Insurtech Report, telling us that insurtech investment reached $1.38bn (£1.08bn) in the third quarter of 2024, marking the highest funding level since Q1 2023.

There’s a lot opined about insurtech overhype, but in my opinion, those entering the sector are no more than the natural evolution demanded to replenish the gene pool and keep everyone alert to our ever changing customers’ needs.

2. What is your Christmas message for your insurance colleagues?

Today, be filled with seasonal cheer, reflecting on all the great things that you have achieved in this last year.

Tomorrow, define 2025 as the year when you release your inner curiosity to see the art of the possible and drive innovation across the whole sector, solving the many fiscal and societal challenges we face.

Please dedicate the time, patience and yes, continuing investment, to nurture them.

3. What do you hope to find under the industry’s Christmas tree for 2025?

I have two things.

Firstly, I’d love to see us get ahead of the race for talent by attracting and retaining skilful people. The sector has traditionally been a place where natural problem solvers flourish.

These people come from the most diverse backgrounds. We need to get back to being a sector that welcomes all.

Secondly, that we improve proportionate regulation. Let’s create an environment where regulation are handrails, not handcuffs.

People want to show the best of themselves. Proportionate regulation creates the building blocks for that culture.

• Insurance Times has converted dollar amounts into pounds using an exchange rate of £1 = $1.27 USD, which was correct as of 1 December 2024.