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Dan Reynolds is editor-in-chief of Risk & Insurance. He can be reached at [email protected].
Swiss Re’s Kera McDonald shares her thoughts on business growth areas, potential solutions to industry challenges and the importance of hiring data-savvy underwriters.
“We can come up with creative ways for people to retain some risk up front, and then get rid of that tail so they don’t have liabilities for that long of a period.”
The advice I would give is to have an open mind. Don’t be intimidated by something as complex as insurance and risk management ― or banking for that matter.
Several of Vermont’s long-tenured captive regulators receive promotions, and as they do so, they credit their department’s approach to succession planning.
Talk to veterans in the risk management field — the leaders, that is — and you have a good chance of hearing about the dangers of workplace silos.
Falvey does a lot of work in the life sciences, and a lot of pharma business is centralized in a couple of areas around the country — including some in Tennessee, which recently experienced very damaging tornadoes.
The hiring of six attorneys practicing in the financial institutions and insurance space, in addition to announcements from RT Specialty, are among recent insurance industry hiring and promotion announcements.
2023 Workers’ Com Power Broker Mark Nieman talks to Risk & Insurance about what makes a great broker.
The information came to me during a self-indulgent, albeit brief, work-avoiding Google search.
If insurance and other entities don’t full apply the science of predicting and preventing losses, they may face unmanageable claims.
A carrier’s inability to clearly assess storm claims rocks its reputation and bottom line.
When asked about their ability to recruit and retain talent, 59.6% of respondents said that they were “very confident” or “somewhat confident” that their firm would succeed.
“We’ve seen more than 800 claims reported in North America since we started tracking them, and more than $820 million paid out so far. So it’s definitely a busy space.”
The state of liability indemnification for foster care parents in some states is something we should be addressing.
When the client thinks it can’t be done, that’s just when a Power Broker makes it happen.
“We’re not a predictive model per se. For the insurance industry, we use voice analytics via automated questionnaires to help people through the claims process.”
“I don’t know that we do enough with people to let them know what’s available and what kind of life you can live by being part of this great industry. I get up every morning looking forward to my work. I love what I do, and I think that’s important.”
“The industry does so much good work, and I don’t think we figured out how to lever that in society today and make the American public more aware of it! I think that’s probably the thing we need to talk about more.”
The Hanover’s Frank Baron breaks down his career, details today’s biggest risk and gives insight on how technology helps clients.
“Shareholder litigation is driving about 85% plus of the losses in the D&O world. It can also hit what we call E&O, on the financial institution side.”
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