Entertainment Insurance Explained | How Risk Is Priced in Film, Music, and Live Events

What does it take to insure a global celebrity, a live concert, or a film production? Behind every show, tour, and production is a complex risk ecosystem most people never see. In Episode 107 of the Live With The Maverick podcast, I sit down with Alexander Rosteck to break down how insurers price and underwrite risks no model can fully explain. Me and Alexander discuss: • What gets insured in production and live events • How contracts quietly drive risk management behind the scenes • How actuaries price entertainment risk • The evolving role of actuaries alongside underwriters and brokers • The impact of the pandemic on live events • Emerging risks from content creators, influencers, and new media Timestamps 00:00 The most unique risks celebrities insure 02:19 The M&M clause as a risk management tool 05:28 How film productions are insured behind the scenes 08:32 Why entertainment risk is classified around the audience 10:08 Production risk vs live event risk 11:22 How Game of Thrones changed exposure measurement 16:36 What carries over from the actuarial toolkit 20:50 How actuaries need to think differently in entertainment 27:04 How risk moves across the global insurance market 34:23 How the pandemic reset what the industry is willing to insure 39:10 Content creators driving new forms of risk 44:18 Where entertainment insurance goes next Follow Dominic: LinkedIn - Dominic Lee, ACAS Instagram - @themaverickactuary TikTok - @themaverickactuary Twitter - @maverickactuary #entertainmentinsurance #actuarialscience #riskmanagement #riskmanagement #podcast