What is your purpose? How do people in your organization make a difference and derive meaning from their work?
The central questions of Amy Radin’s article, “Seeding Innovation With Purpose: A 2021 Priority,” (in the Innovation section of this edition) recur the first-quarter 2021 magazine as industry leaders like Google’s Henna Karna (cover story) forge ahead with innovation efforts while staying true to missions of making the world safer and battling workplace inequities.
The announcement that Dr. Henna Karna, formerly global chief data officer at insurer AXA XL, had been retained by Google to lead a new insurance initiative was greeted by the insurance and InsurTech ...
COVID-19 has exacerbated socioeconomic inequality and exposed vast racial and economic disparities in America. Millions have lost their jobs, and research shows that historically under-resourced ...
When the leader of Sompo International's Global Risk Solutions business describes a key stop on his path to the C-suite, he mentions the possibility that race and age were a hurdle in passing. "Look, ...
There's a simple idea that has guided Abel Travis as he rose to his current executive leadership position at a property/casualty insurance carrier and gave a platform to more than 100 InsurTech ...
There's a gripping moment in Shakespeare's "Othello" when Cassio, hoodwinked by Iago into losing Othello's trust, repeats, "Reputation, reputation, reputation! O, I have lost my reputation! I have ...
Nearly a year has passed since the industry largely transitioned to a virtual workforce due to COVID-19. While organizations likely used Zoom, GoToMeeting or other web conferencing tools prior to the ...
For the past several years, environmental, social and governance (ESG) factors have figured prominently in the investment decisions of institutional investors, pension funds and shareholders. The ...
Work can take over our lives if we let it, upping our stress levels and causing us to burn out while also taking a toll on our personal relationships. Setting firm boundaries, practicing ...
What wakes you up every morning? Your alarm clock? The neighbor's (or your) barking dog? Sunrise through your window? A gentle nudge from your significant other? For most of the world, the year 2020 ...
As actuaries and other professionals in the property/casualty insurance industry start to better understand racism, many people genuinely want to help, but they don't know how. They also fear saying ...
We all need allies—and nowhere is that more true than in the cut and thrust of the workplace. A workplace ally is an individual who is not a member of an underrepresented group but who takes action ...
As the founder of a data and analytics InsurTech focused on the commercial auto insurance space, I knew fundraising would be a challenge. Commercial auto insurance has been unprofitable for years, ...
Events in 2020 that included protests in response to the brutal killings of several unarmed Black people—George Floyd, Breonna Taylor and Ahmaud Arbery to name a few—reignited passionate ...
Emerging risks evolve through three phases: emerging interest, emerging damage and emerging litigation. During the "emerging interest" phase, scientists, regulators or legal scholars first flag the ...
In early January 2021, Andrew Rear's health took a turn for the worse. After suffering two weeks with COVID-19, the 50-year-old former head of Munich Re's Digital Partners thought he was on the mend. ...
When I wrote about emerging issues facing the property/casualty insurance industry for Carrier Management early in 2020 I stated, "Insurers and reinsurers face numerous emerging issues arising from: ...
Catastrophe models are designed to help risk managers in different industries understand the probability of occurrence of extreme events, typically for the next several years. But the time horizon ...
The Chinese use two brush strokes to write the word "crisis." One brush stroke stands for danger, the other for opportunity. In a crisis, be aware of the danger—but recognize the opportunity. This ...
Social justice is an easy goal on which to agree, though as the events of the past year have taught us, we often fall short transforming the aspirational into reality. That doesn't mean we stop ...
It's hard to ignore the energy and attention that InsurTech startups have brought to our industry over the last several years. And with that energy, more insurance carriers and MGAs looking for a ...
How do property/casualty insurers and brokers stack up against other industries in terms of innovation? In short, they aren't sprinting anywhere as fast as "innovation natives" in the high-tech and ...
While it is often easier for P/C insurance and reinsurance executives to rally around incremental innovations, in order to really transform their organizations they need to fund some moonshots, ...
The key to innovation in the insurance industry is "outside-in" thinking, according to an executive from Nationwide, who uses the term to reinforce the idea that customer-centric mindsets are the ...
"I remember this same story 10 years ago." The LinkedIn comment on our first-quarter magazine cover story, "Google's Insurance Strategy Could Be a Game Changer," appeared soon after we published an ...
