{"id":1130,"date":"2021-07-01T00:00:00","date_gmt":"2021-06-30T23:00:00","guid":{"rendered":"httpss:\/\/advantagego.local\/new-podcast-with-clive-washbourn-ceo-and-cuo-navium\/"},"modified":"2025-02-25T16:41:15","modified_gmt":"2025-02-25T16:41:15","slug":"new-podcast-with-clive-washbourn-ceo-and-cuo-navium","status":"publish","type":"post","link":"https:\/\/www.advantagego.com\/en-us\/content\/new-podcast-with-clive-washbourn-ceo-and-cuo-navium\/","title":{"rendered":"Let talent flourish, and the company will flourish with it &#8211; Clive Washbourn CEO &amp; CUO, Navium"},"content":{"rendered":"\n<p><iframe loading=\"lazy\" title=\" EP 85 Clive Washbourn CEO Navium: The market is always good\" src=\" https:\/\/www.podbean.com\/player-v2\/?i=pnn9g-10765fc-pb&amp;from=pb6admin&amp;share=1&amp;download=1&amp;rtl=0&amp;fonts=Arial&amp;skin=1&amp;btn-skin=3\" width=\"100%\" height=\"150\" scrolling=\"no\" data-name=\"pb-iframe-player\"><\/iframe><\/p>\n\n\n\n<p>Speaking on this week&#8217;s The Voice of Insurance podcast, Clive Washbourn, CEO &amp; CUO, Navium Insurance, and a legendary figure in the marine insurance market, chats about why he started his own marine MGA Navium at the age of 60, the state of the market, technology&#8217;s impact on the marine insurance industry, and why laughter is a fundamental aspect of the Navium office culture.<\/p>\n\n\n\n<p>At an age when most people see retirement within striking distance, Clive Washbourn decided to build a new business and has not looked back since. Established in May 2021 on Fidelis&#8217;s Pine Walk platform, Navium Marine offers insurance across the full range of Marine classes. Speaking to Mark Geoghegan about building Navium, Clive&#8217;s vision for the organisation is very clear: \u201cwe have an ambition to grow a first-class marine business&#8230;.with a first-class service ethos we want to be able to turn around risk very quickly, and let us not forget what insurance is about, and that is it\u00b4s about a promise to pay.\u201d<\/p>\n\n\n\n<p>When asked what motivates him, Clive discloses that it&#8217;s not about the money but about delivering a fabulous business for clients. Commenting on selecting risk, he says, \u201cin terms of underwriting, as I&#8217;ve always done, you have to underwrite selectively for profit; if you don&#8217;t, in time, you will lose money.\u201d Speaking further on risk selection, he adds: \u201call our concentration and discussion in the office is around risk selection and getting the brokers in\u2026. it works beautifully; it&#8217;s a very clean way of underwriting.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">State of the Market<\/h2>\n\n\n\n<p>As the conversation turns to the state of the current state of the market, Clive comments: \u201cthis is only my observation; I would say cargo has had an upward trend for about four years, the rating is, I think, robust.\u201d Clive also comments about the state of liabilities and hull and that the overall marine book will be profitable if written with care.<\/p>\n\n\n\n<p>The marine insurance industry, like many other sectors, has been significantly <a href=\"https:\/\/www.advantagego.com\/en-us\/content\/enduring-operational-impact-of-pandemic-on-underwriting\/\" target=\"_blank\" rel=\"noopener\">impacted by the pandemic<\/a>. With crews displaced or stranded all over the world, Mark asks Clive what effect Covid has had on the sector; commenting on this, he says: \u201cI don&#8217;t think it really has, the most visible area it has affected is the cruise industry and all those underwriters that write large portfolios of cruise ship owners that&#8217;s been a dramatic decrease in income.\u201d<\/p>\n\n\n\n<p>Turning back to business, Mark asks Clive if he wants Navium to compete with everyone in the wider marine market or to be known for having a specialism: \u201cwe do want to play across the board because we&#8217;re very specific in that we&#8217;re a Marine MGA\u2026 I just want to be known for being a high-class business\u201d, adding further that he wants the business to be also be recognised for paying its claims quickly and efficiently.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Seamless technology<\/h2>\n\n\n\n<p>Turning to technology and the use of data and algorithmic <a href=\"https:\/\/www.advantagego.com\/en-us\/products\/underwriting\/\" target=\"_blank\" rel=\"noopener\">underwriting in the marine sector<\/a>, Clive mentions that duplication of information and efforts is still high but that technology should never replace face-to-face negotiation. \u201cThe actual transfer of data needs to be seamless; it can&#8217;t be interrupted or mistakes made in the transfer of that data.\u201d Asked about technology&#8217;s impact on the market and <a href=\"https:\/\/www.advantagego.com\/en-us\/products\/exact\/\" target=\"_blank\" rel=\"noopener\">exposures<\/a>, Clive says, \u201canything that can help inform aggregate exposures has got to be really neat because that&#8217;s the most important things you can get wrong in underwriting &#8211; not knowing what you\u2019ve got on risk, where you&#8217;ve got it on risk &#8211; so having that data is absolutely imperative to protect your capital base and make a profit.\u201d<\/p>\n\n\n\n<p>Addressing Mark&#8217;s question around the type of culture being established at Navium, Clive is very clear about the kind of atmosphere and culture he wants to create: \u201cin terms of the office environment I don&#8217;t like boyish atmospheres, I like a real mix of cultures, female and male, and the most important thing in my office is this, laugher \u2013 we spend a lot of time in the office, we need to respect each and just laugh out loud on a regular basis. I love to employ top-class people. Empower them to get on with it\u2026 let talent flourish, and the company will flourish with it.\u201d<\/p>\n\n\n\n<p>Enjoy the podcast.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Speaking on this week&#8217;s The Voice of Insurance podcast, Clive Washbourn, CEO &amp; CUO, Navium Insurance, and a legendary figure in the marine insurance market, chats about why he started his own marine MGA Navium at the age of 60, the state of the market, technology&#8217;s impact on the marine insurance industry, and why laughter [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":3316,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[19],"tags":[],"line-of-business":[],"class_list":["post-1130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-podcasts"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/posts\/1130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/comments?post=1130"}],"version-history":[{"count":0,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/posts\/1130\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/media\/3316"}],"wp:attachment":[{"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/media?parent=1130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/categories?post=1130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/tags?post=1130"},{"taxonomy":"line-of-business","embeddable":true,"href":"https:\/\/www.advantagego.com\/en-us\/wp-json\/wp\/v2\/line-of-business?post=1130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}