Spotlight Interview
How Root Insurance Did What Other Insurers Only Imagined
Having achieved unicorn status with a $1 billion valuation less than two years after its official October 2016 debut, InsurTech carrier Root Insurance Company may seem like an overnight success. The ...
Remaking AIG: CFO Describes Changes in Underwriting, Distribution and More
When American International Group's chief financial officer spoke about "managing change in an evolving insurance industry" at a rating agency conference in November, Mark Lyons focused much of his ...
Why E&S Carriers Aren’t Winners Over the Long Term
ACORD's recent study, "Intelligent Growth: Intent, Decisions, Outcomes," reveals that E&S/specialty companies don't fare well over the long term. Here, CEO Bill Pieroni suggests possible reasons ...
Confessions of a Diehard Fan of Data: An Interview With ACORD CEO Pieroni (Part 1)
If Bill Pieroni were a Major League Baseball executive, he would be one of those sabermetric types like Oakland's Billy Beane, heralded by the book "Moneyball." His team's manager would have ...
‘It’s About the Mission,’ Retiring NAMIC CEO Chamness Says
"Be optimistic and be indefatigable." Charles Chamness, president and CEO of the National Association of Mutual Insurance Companies, carefully pronounces each syllable of the last word as he recalls ...
It Takes a Leap of Faith, Says InsurTech Founder
For Ilya Bodner, founder and chief executive officer of insurance technology company Bold Penguin, building a fast-growing company has been a long time coming. After arriving in Columbus, Ohio, from ...
Hippo Insurance’s CEO Looks Back on ‘A Banner Year’
Hippo Insurance was founded in 2015, started selling homeowners insurance policies online in 2017, and in October 2018, during its first policy year, faced one of the worst wildfire seasons in ...
AXA XL’s McGavick Looks Ahead to ‘The Golden Age of Insurance’
Mike McGavick's turnaround experiences have led him to think carefully about changes that are needed for the insurance industry. "First, cost has got to come down. It's absurd that approximately 60 ...