risk management

The Perils of the Purchasing Process

Originally published on Insurance Thought Leadership | June 9, 2021 Most public entities and many private companies have switched to a procurement model for all contracts and purchasing. This model means a centralized department is responsible for all these decisions, ranging from office furniture and supplies to purchasing insurance and…

How Social Inflation Affects Liability Costs

Originally published on Insurance Thought Leadership | April 20, 2021 Social inflation is a term you frequently hear in risk management these days. It refers to the phenomenon of a general anti-establishment sentiment that exists publicly today, which has a far-reaching impact on businesses and the insurance industry as a…

20 Issues to Watch in 2021

Originally published on Insurance Thought Leadership | January 21, 2021 Out Front Ideas with Kimberly and Mark kicks off every year with our popular 20 Issues to Watch webinar. While there are certainly more than 20 issues to discuss after the unprecedented events of 2020, we focused on the high-impact…

State of the Commercial Insurance Marketplace

Originally published on Insurance Thought Leadership | October 28, 2020 In a survey of frequent Out Front Ideas attendees, one of the biggest concerns raised by risk managers was the rapidly evolving insurance marketplace. These challenges started back in 2018, but COVID-19, civil unrest and other events have accelerated this…

How the US is Making Progress on Climate Change

Originally published on InsuranceERM | October 28, 2020 Bill Wilkins, CRO of US specialty re/insurer Safety National, which is part of the Tokio Marine Group, explains why climate risk cannot be solved by the US alone. In an InsuranceERM editorial comment titled How US insurers can make America green again,…