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How to Move Past ‘Analysis Paralysis’: 5 Steps for Leaders
As an executive and leader of a property/casualty insurance carrier, you are responsible for making consequential decisions that impact policyholders, employees, credit ratings, regulators, investors ...
In Vogue: Platforms Are Having a Moment
Platforms are having a moment. Should insurance companies care? Increasingly more firms from different industries say that they offer platforms. The technology firms your insurance carrier or agency ...
Tech Arms Race Favors Giant Commercial Carriers
Midway through a recent interview, the leader of a key business at The Hartford paused to ask a question relevant to executives at carriers that don't have 11-digit premium volumes or capital levels ...
On the Road to Level 3: Paradigm Shift in Auto Crash Fault Assessments
On March 20, 2022, industry publication Road & Track caused a bit of a splash when it reported not only that German auto manufacturer Mercedes-Benz plans to seek approval for its "Drive Pilot" ...
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 ...