Leadership

Agency owners must prioritize succession planning to ensure long-term stability and maximize the value of their life's work

The expected disaster in commercial real estate looks far more benign than expected for insurers, despite their $900 billion of exposure. 

The lesson: Be like Stephen, the unlikely hero of U.S. men's gymnastics, which won its first team medal since 2008. In insurance terms, that means: Look for specialties.

By fostering resilience, insurance companies build a workforce that is change-ready, emotionally agile and mentally strong.

The International Insurance Society's annual survey found inflation is the biggest concern for executives worldwide for the third year in a row, while AI surged as a priority. 

37% of insurance companies acknowledge their resilience and agility are weak -- and firms that exhibit strong adaptability outperform competitors by up to 50%. 

More than half of global insurance decision makers say their transformation efforts have not achieved desired business outcomes. I

The insurance industry can no longer rely on current strategies and responses to this threat, nor can it continue to absorb and pass along the associated costs to policyholders.