From left to right. Top row: Pina Albo, Hamilton Insurance; Roger Crandall, MassMutual; Dennis Glass, Lincoln Financial Group; Jim Morris, Pacific Life. Second row: Robert D. (Bob) O’Leary, Philadelphia Insurance Cos.; Steve Rasmussen, Nationwide; Ben Salzmann, Acuity.
Insurance industry leaders share their insights into leadership and what they have learned as they’ve moved up the ladder.
With boomers retiring and leadership requirements changing, the industry could face a leadership gap if it fails to develop its internal talent, especially Gen X.
Carriers get creative to keep employees happy.
Industry observers are seeing signs that claims from opioid deaths are rising, while shifts toward simplified underwriting and the middle market could increase exposure.
From the Editor’s Desk: Insurers seek leadership talent in Generation X, ready or not. The February issue also includes a look at the opioid epidemic and its impact on the life insurance industry.
Julie Daum, of executive search firm Spencer Stuart, discusses the new skill set requirements needed in the boardroom and the ongoing search for next-generation directors.
Insurers that offer college internship programs have an opportunity, in a hot job market, to get an early start on identifying promising job candidates.
Building a successful risk management program at a college far from top insurance centers takes persistence and industry support.
China’s Ping An sees big gain as AM Best’s top 25 insurer lists show stability.
To attract young talent, the industry must do a better job selling itself.
With losses averted, the business model for the AI insurer is a shadow of its former self.
Modifying roadway design can drive down the frequency and severity of distracted driving accidents.
Also: AIG names new chief financial officer, Royal London Group’s CEO to step down and longtime Cumberland Insurance CEO and chairman dies at 89.
Liberty National Life extends NASCAR series sponsorship and Kemper rebrands its subsidiaries.
Limra’s Hartshorn: Asia, Latin America challenged by their burgeoning senior populations.
Trevor Maynard, head of innovation, Lloyd’s, said the market has pursued several initiatives aimed at fostering innovation.
To support electronic risk placement, Lloyd’s brokers need to connect to a recognized electronic platform by June.
New insurance commissioners named, gender ban in auto insurance rate setting and the continuing impact of Brexit are in focus.
AM Best’s webinar focuses on measuring insurance companies’ digital maturity. Also, a look at the increase of head injury claims and an upcoming webinar on asset management.
AMBestTV reports on some nonlife insurers in Japan looking beyond their borders and other news from the Singapore International Reinsurance Conference; improving women’s financial resiliency; and dealing with innovation.
AIR estimates economic losses related to Marriott hotel chain data theft may reach $600 million.