AM Best Audio Podcast

Kerry Crockett, CEO, Insurance Accounting and Systems Association, said the organization is moving from a sole focus on accounting and insurance, to a better connection with the broader community and creating content for a diverse audience. 

Jordan Kurkowski, executive vice president and professional lines specialist at Amwins Brokerage, said that directors and officers insurance has experienced remarkable growth in recent years, evolving alongside the regulatory and societal expectations such as ESG.

Brian Grabek, executive vice president, Sompo International, said risk managers for multinational organizations must balance local compliance with organizational risk needs. Grabek spoke with AM Best TV at Riskworld, the RIMS 2023 annual conference.

Todd Jones, CEO, QBE North America, said insurers must scrutinize implementations of artificial intelligence for safety and issues of safety and fairness. Jones spoke with AM Best TV at RIMS' Riskworld, held in Atlanta.

Matt Scott, head of innovation, Hartford Financial, said new usage-based systems will become more prevalent in commercial lines, including workers’ comp. Scott spoke with AM Best TV at RIMS' annual Riskworld conference, held in Atlanta.

Saadia Savory, vice president, excess casualty, Aspen Insurance, said recent punitive court awards show that social inflation remains a priority issue for insurers. Savory spoke with AM Best TV at RIMS' annual Riskworld conference, held in Atlanta.

Joan Woodward, president, Travelers Institute, said the organization is working on programs that promote awareness of cyberrisk, worker health and more. Woodward spoke with AM Best TV at RIMS' Riskworld conference, held in Atlanta.

Sivan Iram, CEO of digital commercial risk marketplace Capitola, said communication between brokers and underwriters is made difficult by disparate systems and a deluge of information.

Tom Iorio, executive vice president, Nationwide, said outsized verdicts can drive other insureds to seek earlier settlements, which in turn can encourage additional litigation. Iorio spoke with AM Best TV at RIMS' Riskworld, held in Atlanta.

Scott Stransky, managing director and head of the Cyber Risk Analytics Center at Marsh McLennan, said organizations without active directory hardening are more than five times more likely to have a cyber issue.