Chubb Not Declaring Itself Net Zero, CEO Greenberg Says
In addition to predicting greater geopolitical volatility driven by global food and energy insecurity, Chubb's chief executive warned carriers to brace for greenwashing lawsuits on the ...
Midyear Update 2022: Transitions
With hurricane season already underway, and secondary perils an ever-present topic, carrier executives were thinking about climate change issues in recent weeks.
Carrier Management’s Midyear Digital edition has a special focus on climate and transition risks, and also provides updates on trends and success strategies for major commercial lines (commercial auto and workers comp), along with executive insights on workplace and technology changes.
And don’t miss our self-management tip from Executive Coach Marsha Egan—a reminder to slow down and focus on one task at a time this summer.
In This Issue
Climate Risk and Disclosure
Insurance Industry Support of Carbon Removal Needed in Drive to Net Zero
Ditching investments in fossil fuel businesses—and denying them insurance—aren't the only ways for the insurance industry to participate in the drive to net zero greenhouse gas emissions, ...
The Global Urgency of Building the Carbon Removal Industry
"If you build it, they will come." This famous, but paraphrased, quote from the film "Field of Dreams" is apropos of the fledgling carbon removal industry. The demand is there, but supply needs to be ...
Insurers Brace for SEC Climate Risk Disclosure Rules
For U.S. property/casualty insurance carriers, the landmark proposal by the U.S. Securities and Exchange Commission (SEC) on the disclosure of climate-related risks and greenhouse gas emissions (GHG) ...
Market Conditions and Outlook
How Amazon Thinks About Auto Insurance for Delivery Service Partners
Amazon runs an auto insurance program for its delivery service providers, but if those DSPs choose to buy their insurance from competitors instead, Amazon is fine with that. In fact, Amazon might ...
Commercial Auto Recovery Uncertain Beyond 2022
Property/casualty insurers have proven resilient in the last two years amid the considerable challenges of the coronavirus pandemic. One unanticipated outcome in this period is sharp improvement in ...
Carriers Will Be Slow to Raise Limits in 'Nuanced' Pricing Market: CEOs
Commercial insurance pricing may decline in coming months, but disciplined management of capacity will continue for a while, executives speaking at a recent industry conference said, pointing to ...
Risk
It's Personal: How Carriers Can Use Behavioral Analytics to Manage Cyber Risk
The cyber insurance market is in the midst of a reckoning after years of low premiums and inadequate loss control have led to increasing claims frequency and severity. Now, demand for coverage is ...
Leadership and Management
So, You Think You Can Multitask
With all the electronics, smartphones, email and digital stuff that comes at us from every angle in this age of information overload, we not only have the opportunity to try to multitask, but many ...
Why One Carrier Decided to Stick With Fully Remote Working
Topa Insurance Company (TIC), like most insurance businesses, shifted to a remote workforce out of necessity in 2020. TIC continued to be successful in the new work environment and quickly decided to ...
Why Carriers Aren't Being Commoditized, but Value-ized
Big tech companies with relevant consumer data have been eyeing the insurance industry for the past few years and looking at how they can use their insights into customer behavior to reinvent the ...
Technology and Automation
How to Succeed in Workers Comp: A Digital Distribution Playbook
Workers compensation is inarguably the most competitive line in the commercial lines insurance market this year. According to most broker and carrier market reports, it's the only one that has ...
Are APIs the Golden Ticket to Seamless Connectivity in Insurance?
The agent portal used to be the epitome of a great tech-enabled relationship between carriers and agents. But then things started to change. Customers are looking for a more seamless experience, and ...
How Personality Traits Could Determine Intelligent Automation Project Success
Insurance leaders made efforts during the past two years to leverage technology and service clients while minimizing interruptions and friction in customer experience. They made sure new clients ...
From the Editor
Midyear Update 2022: Transitions
The theme of transitions is a fitting one, which ties together many of the articles in Carrier Management's midyear digital magazine. We're publishing soon after the start of summer, and the weather ...