DEI: Redefining the Paradigm for the Property/Casualty Industry
The recent billionaire back-and-forth about diversity, equity and inclusion initiatives is a great opportunity to look at why we're doing DEI, how we're doing it — and ...
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Seeking Shelter From Mounting Hailstorms? New Approaches for Underwriters and Claims Execs
Given the forecast transition from El Niño to La Niña, meteorologists predict 2024 will feature yet another active season for hail events and other severe convective ...
Key Attributes to Help You Choose an Insurance Recruiter
When selecting a recruiting partner, there are several important qualities and factors to consider. The recruiter should be an advisor who adds value to your talent acquisition efforts and is a brand ...
Viewpoint: Risks for D&O Insurers Exploring the New Frontier of Gen AI
Is the world being overtaken by robots? While the answer to that question is clearly "no" — or at least, "not yet" — it seems that the focus of nearly every industry and business media outlet is ...
AI-Powered Insurance Product Development Is Going to Take Some Powering Through
No doubt, AI is a hot topic in the insurance world these days. It brings so many possibilities to make us more effective and efficient.
The Insurance Data Paradox: Structure Creates Flexibility
At most insurance companies, especially the largest and oldest, data is extremely disorganized. Many carriers have five or more policy admin systems due to acquisitions. ...
That Insurance Talent Crisis? It’s a Global Knowledge Opportunity
Over the next 15 years, 50 percent of the current insurance workforce will retire. It's a jarring number. This leaves more than 400,000 open positions unfilled, according to the U.S. Chamber of ...
How Apprenticeship Programs May Be the Best Solution to Today’s Talent Crisis
Four-year degree required. It's been a standard part of job descriptions in the insurance industry for the better part of the past two decades. Now, it's time for an overhaul. The college degree ...
Viewpoint: You’re at a Competitive Disadvantage If You’re Not Innovating
"Innovative" is not the word I'd use to describe the personal lines insurance space. Industry veterans even affectionately refer to insurance carriers as "slow first ...
How Do Insurers Define Systemic Cyber Risk?
Systemic cyber risk is being discussed as a growing concern for insurers as technology advances and interconnectivity increases, but how is this risk defined? That may be ...