Members Only Content
Financial Analysis: Why Regional Writer ROEs Lag Nationals
A comparison of the returns on equity of national and regional writers of property/casualty insurance produces a result that may not seem terribly intriguing: National writers win, hands down. But ...
Innovation in Risk Modeling: How to Build a Plane While Flying It
When my partner, Vivek Basrur, and I started Karen Clark & Co. (KCC), we had no intention of building catastrophe models again. In fact, that's the one thing we said we wouldn't do. But after a ...
Considering Core Replacement? Save Your Dollars; You Will Need Them Very Soon
Many insurers are considering replacing their core system as their next big IT endeavor. Unfortunately, despite the best of intentions, this is a regressive move that will set them ...
How to Build Productive Underwriter/Broker Relationships: 14 Guiding Principles
When I consider friends and family who have been blessed with happy partnerships, I realize there are many roads to establishing a successful relationship. Yet, I also recognize there are a number of ...
Saying ‘No’ Key to Strategic Success
How do you achieve "a durable advantage in the marketplace?" By understanding the difference between "operational excellence and strategy," according to Amy Friedrich, senior vice president of the ...
Emotional Intelligence: Do Your Leaders Walk the Talk?
There is a famous story about a visit by President Kennedy to the NASA space center. When Kennedy noticed a man carrying a broom in one of the buildings, he asked: "What's your job here?" The janitor ...
Implications of NYDFS Regulations on Cyber and D&O Exposure
March 1, 2017 marks the effective date for the first-of-their-kind cybersecurity regulations from the New York Department of Financial Services (NYDFS). The regulations, which will be phased in over ...
How Insurance Carriers Can Create Workplaces That Attract People and Business
The global insurance industry faces a remarkable talent crisis in the immediate future. With millions of baby boomers retiring annually over the next few years and less than 5 percent of millennials ...