“We’re launching new programs, such as a construction program specific to wraps and a new energy practice. If you’re a producer at Jencap and want to grow your book, you can do it more quickly here than in a company where your competition sits next to you, or in a smaller shop that lacks the tools we have.”
Captain Rahul Khanna, global head of marine risk consulting, Allianz Commercial, sat down with Risk & Insurance® to talk about current market trends impacting the marine industry.
CFC’s chief underwriting officer shares emerging opportunities in specialty lines, future pricing trends, and the six fundamental elements that make up cyber risk prevention and underwriting.
WTW’s Jaclyn Perryman appreciates what makes the agricultural, food and beverage sectors unique — including their challenges — and shares her advice for how to help clients succeed.
A Philadelphia Insurance expert delves into the agribusiness challenges posed by severe weather events, the evolving role of technology, and the importance of understanding policy specifics.
Jack Kuhn, president of Westfield Specialty, discusses the latest happenings and opportunities for his business and insurance at large at RISKWORLD 2024.
The Whole Worker model is placing the injured worker at the center of care, taking into account their emotional wellbeing and working to create a sense of calm to their anxiety-inducing injuries.
QBE North America’s head of major risks, aviation, talks the appeal of flying, the career lessons he’s learned and how they’ve shaped his time in insurance.
Generative AI is notorious for producing what are being referred to as “hallucinations” — that is, producing language and citing information that it has essentially made up. That’s why it’s always going to be important to have veteran managers reviewing the work that generative AI produces.
At the recent CFC Summit in Toronto, Risk & Insurance sat down with George Beattie, head of innovation at CFC, to discuss the London-based insurer’s latest offerings.
“Companies must ensure they provide reasonable accommodation if using AI in recruiting. They should avoid screening out potentially good candidates based on the questions asked. It’s crucial to examine who defines what a good applicant is and ensure that definition is unbiased.”
“While we still conduct traditional assessments, such as scanning internet-facing systems to identify vulnerabilities, we take it a step further by applying AI models to truly understand the risk. There’s a common misunderstanding in the market that security scans and scores are the same as risk ratings, but there’s a significant difference.”
The challenging build-out of renewable energy infrastructure is at an inflection point as a surge of new ideas and investment promises to keep the sector’s momentum going.
“It’s interesting to observe how quickly you can identify a serious student in the industry. From the very beginning, their curiosity and eagerness to learn stand out. They ask thoughtful questions, seeking to understand the intricacies of the business. Beyond just completing assigned tasks, they take the initiative to explore and absorb information from various sources.”
“The formula for retaining talent is simple but effective. First, seek out exceptional individuals who want to be part of a transformative, employee-first culture. While clients are undeniably important, attracting world-class people is the key to attracting world-class clients.”
The pair discuss how increased adoption of AI can lead to increased cyber risk, the rise of legal system abuse and other pressing exposures for the industry.