AM Best Audio Podcast

Farron Blanc, vice president of brokerage distribution & strategy, Legal & General America, said insurers are looking to insurtechs that can help with brokers and advisers.

Angela Grant, chief legal officer, Palomar, said pursuing diversity and inclusion leads to broader-based products and services. Grant spoke with AM Best TV at the InsurTech NY Spring Conference in New York City.

Kevin O'Brien, president and CEO, Inland Marine Underwriters Association, said the growing presence of MGAs helps carriers control their own underwriting expenses.

The rise of activity from the expected construction of 2,100 wind turbines in the United States by 2030 could spur first-party property, liability, hull and marine pollution insurance claims, said Corey Greenwald, partner, Clyde & Co.

The COVID-19 pandemic highlighted both well-planned and disjointed innovation efforts for insurers, said Jason Hopper, associate director, AM Best, referencing a new Best’s Special Report.

Delaware Insurance Commissioner Trinidad Navarro sees opportunities in his state with a record number of insurers on the health insurance marketplace, increased pro-consumer legislative efforts and the formation and redomestication of more captives.

Chris Hayes, AVP for Risk Control for Travelers discusses the recently released Travelers Risk Index that found the increased use of mobile technology is leading to an increase in distracted driving as some motorists aren’t just texting while driving, but now shopping or tending to their social media while behind the wheel.

Solutions to address systemic risks are needed, said AM Best Senior Director, Industry Research & Public Relations Sridhar Manyem, and Senior Industry Analyst Christopher Graham.

It’s important for producers to remember key events in individuals’ lives and become involved in their community in order to form client relationships that can help master the “secret art” of selling insurance, educator and sales producer Ana-Maria Figueredo says in her book.

Former D.C. Insurance Commissioner Stephen Taylor, now leader of Delaware’s Captive Bureau, discusses his plans to create a more streamlined, modernized process while exploring opportunities in ESG, cyber and domicile relocation.