“We have from one to 50 different insurers utilizing the data we gather. We want our clients, the insureds, to walk into their market meetings every year armed with this data to present to the markets.”
“My dad was in the oil and gas business for most of his career. What I liked about what my dad’s way of working was that he was there for us. He could build his own schedule.”
Before founding Five Sigma, I witnessed firsthand the inefficiencies and archaic systems in the commercial insurance industry while working as a CFO for an energy company in the UK. Upon returning to Israel, I teamed up with deep tech experts to identify real-world problems that could be solved by leveraging data effectively.
“A cyber event doesn’t hit the entire world at once; it starts in one spot and slowly spreads, much like a virus. However, it can be fought, just like your body fights a virus.”
We asked the Gallagher client executive about the challenges currently facing her education-sector clients — and the brokering philosophy she uses to help overcome them.
Monica Manske of PMA Companies shares her expert insights on the critical role of data in managing workplace safety risks, the importance of a comprehensive onboarding process, and the unique challenges faced by new employees in the context of workplace safety.
Michele Haas of One Call discusses her vision for the company’s financial strategy, fostering a culture of innovation and accountability, and leveraging her extensive experience in health care to improve outcomes for injured workers.
“We’ve seen a growing openness to the possibility of shipping via rail, moving away from the traditional focus on trucking. This shift can be attributed to several factors, including the rail industry’s environmental friendliness and its potential for cost savings.”
“One of the biggest challenges we face in the energy transformation is increasing our expertise in the new technologies that come with it … Learning about the risks and specificities of these new technologies is crucial for both the industry and its insurers.”
When it comes to artificial intelligence’s use of intellectual property and personal identifiable information, the technology may be new but the underlying legal and risk management principles that govern it are not.
“The unknowns of legal system abuse are a significant stressor for businesses. No one wants to find their name on a billboard or news cover, putting themselves, their employees or their investors in that position.”
Ronda McCarthy, Lisa M. Figueroa and Latha Brubaker share their experiences and insights into the field of occupational and environmental medicine, discussing the challenges and rewards of their work, and the importance of leadership in the field.
“I think most insurance companies have learned it’s not quite as simple as putting up a line and nothing ever breaks. But it’s an incredible opportunity, and it’s going be a growing part of insurance companies’ books.”
“Every business that uses a computer or has employees needs cyber insurance. While most examples in the media and those shared by our broker partners involve Fortune 500 companies, our data shows that 90% of the cyberattacks we see are against businesses with under $50 million in revenue.”
“We find it a little surprising to see as much competition as we do in the public space, knowing that there’s the old inventory of claims and there’s a new inventory continuing to build. It’s a little bit of a surprise to me to see the market as competitive as it is.”
Gallagher broker Kelly Eisenbies shares her insurance career journey so far and what it takes to get higher education institutions the best coverage for their student athletes.