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How Nationwide Is Transforming Commercial Lines—and More: Q&A With P/C President and COO Berven
In 2021, insurer and financial services company Nationwide reported the strongest earnings in the Fortune 100 company's history—$2.8 billion in operating income with sales of over $50 billion, ...
Beyond the Print Edition: Nationwide P/C’s Prez Talks About Inflation and Telematics
Much of a recent interview that Carrier Management had with Mark Berven, the president and chief operating officer of Nationwide Property/Casualty, focused on the carrier's commercial lines ...
Innovating to Control Costs: Carriers Seeking Top-Line Growth Amid Bottom-Line Pressures
Given the highly competitive non-life market, and the depressed pricing that accompanies excess capacity, leaders in the global property/casualty insurance and reinsurance markets have found ...
P/C Insurers Positioned for Underwriting Improvement, But Longer-Term Challenges Await
U.S. property/casualty insurers represent a source of stability amid the recent tumult of socioeconomic disruption from the coronavirus pandemic. The industry strengthened its capital base and ...
Private Equity Tops U.S. Carrier Investment Choices; Europeans Pick Green Bonds: Survey
Insurers around the world are going to be putting more of their firms' money into private equity and green bonds this year, according to an asset manager's recent survey of carrier investment and ...
Hippo Sets Sights on Improved Gross Loss Ratio, Geographic Expansion for 2022
Hippo, a home insurance group focused on home protection, knows that good things take time, especially in insurance, according to President Rick McCathron. "The thing about insurance is that once you ...
AI, BI or Insurance Intelligence: Which Matters Most?
When thinking about advancements in technology and data-driven insights, insurers are often confused about AI and BI—what they are, and how to even know if they are valuable to their business. We ...
CEO Viewpoint: Unlocking Cyber ILS
With cyber risk capital currently constrained, the insurance sector will ultimately need to look to the alternative capital markets if it is going to address the significant peak risks in this class ...