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Cultivating Leadership to Drive Business Results
Like many companies, we favor the concept of promoting from within for leadership positions. However, when we took a closer look at the makeup of our leadership team a few years ago, we realized we ...
‘B’ Is for Behavioral: What Big Data Means for Insurance
Big data is one of the signature issues of our time—and also one of the more poorly understood. Discussions of the topic often are clouded by what I call the "two dogmas of big data." The first is ...
Objects In Mirror May Be Closer Than They Appear
I have a CD player in my relatively new luxury sports sedan. It plays five—or maybe six—CDs so I can be surrounded by music I choose and like all through even a reasonably long journey. Or maybe ...
Confident, Motivated Women in Insurance Need Male Mentors: Research
Two recently released studies of insurance industry leadership reveal some positive trends on gender diversity measures. But executive teams still have few women, researchers say, concluding that the ...
Clinical Trials and Insurance: Carriers Adapt to Unique, Evolving Demands
Clinical trial liability insurance has been around for more than two decades. But as the development and testing of new drugs has gone global, risks in the sector are growing and also becoming more ...
Small Business Opportunities Hiding in Plain Sight
Sometimes, opportunities really do hide in plain sight. In 2007, I was running ACE's wholesale E&O and D&O business when I noticed that all the small accounts sat on the underwriter's floor, ...
Measuring Embedded Portfolio Profit With Predictive Analytics
Predictive analytics rapidly is emerging as a must-have tool in the insurance carrier's arsenal. However, in most common applications, the power of advanced analytics is deployed from the bottom up: ...
Stress Testing Your ERM Initiative: Is It Delivering What You Need?
Solvency regulation has entered a new phase in the insurance industry as in-depth, forward-looking insurer self-assessments replace reviews of past balance sheets in states where Own Risk and ...