Social Responsibility
Consumer Trust Issues Hinder Industry Efforts to Close Protection Gap: Survey
Most insurance executives surveyed last year believe they have "an ethical obligation" to close the protection gap—and also believe that "lack of trust in the insurance industry" is a key barrier ...
Ready or Not, 80% of P/C Insurers Aim to Use AI for Biz Decisions This Year
Two-thirds of property/casualty insurers plan to start using AI in operational decisions this year, according to a survey, which also reveals that nearly all insurers already using AI have been ...
EY: Policyholder Trust Important for Navigating Industry Changes
The insurance industry is facing multiple disrupting factors, such as technological advancements, new competition, inflation, and regulatory scrutiny, and a key component in navigating all of this ...
Ending Polarization and Building Future Leaders: Travelers CEO
Challenges facing today's business leaders include keeping pace with rapid change, the leader of Travelers said recently while also going out of his way to cast light on a serious obstacle to forward ...
Social Issues of Urgent Concern for Majority of Business Leaders
The role of business in society is rapidly changing, and the majority of company leaders are taking notice. Results of a new survey conducted by Bain & Co., a global consultancy group, indicate ...
InsurTechs Need to Prioritize Data, Resilience to Tackle Climate Challenges
Swiss Re estimated in its latest sigma report that in 2021, natural catastrophes resulted in total global economic losses of $270 billion. The level of insurance coverage for these climate related ...
Chubb Underwriters to Oil & Gas Clients: Show Us Emission-Cut Plans
Chubb Limited announced new underwriting criteria for oil and gas extraction projects yesterday that will require clients to reduce methane emissions. Methane, a byproduct of oil and gas production, ...
The Race to Waterproof Outdoor Gear — Without Toxic Chemicals
Patagonia, Inc. has spent nearly a decade rejiggering its supply chain, redesigning products and dumping millions of dollars into a high-stakes trial-and-error process that's nearly complete. This ...
USAA Commits $20 Million to Advance Economic Mobility for Underserved Communities
USAA announced it has committed $20 million to nearly 50 nonprofit organizations as part of its three-year, $50 million commitment made in late 2020 to advance diversity, ...