EDITOR’S LETTER
A game-changing storm
“As leaders know, this is not the time for business as usual.”
As the industry counts the human and financial costs of Hurricane Ian, described as an industry-changing event to rival Andrew in 1992, Intelligent Insurer asked senior leaders what they think the fallout will be.
From the potential collapse of the already struggling Florida market to a need for significant structural change across a global industry under pressure from soaring inflation, the repercussions are expected to be wide-ranging, according to leaders from Swiss Re, Beazley and Hannover Re.
With increasing catastrophe losses comes the inevitable discussion about how much climate change is impacting global weather systems. This has helped push environmental, social and corporate governance issues to the fore making ESG a core requirement for many. However, the taint of “greenwashing” remains pervasive, so we spoke to leaders in this area from AXA XL, Steel City Re and GCY Associates to find out how to achieve better, more robust, outcomes.
With re/insurers facing challenges from all angles, some might be forgiven for thinking they can get through it by keeping their heads down and carrying on. But as leaders know, this is not the time for business as usual. Innovative and creative ideas from outside the orthodoxy could help tackle some of the biggest problems ahead.
This open -minded, inclusive approach to ideas and talent is something long championed by diversity and inclusion (D&I) leaders. In this issue we have selected 40 of the best in our 2022 D&I Champions list. This year we’ve also chosen to showcase 25 of the most compelling D&I initiatives in the industry. If you’re looking for inspiration there is plenty of it here.
Claire Churchard is senior editor of the Newton Media insurance group
Image: shutterstock.com / Bilanol
