By Deena Snell, Director of Analysis Operations & Membership, Auto Insurance coverage

Insurance coverage trade determination makers and although leaders gathered yesterday for the day-long Auto Insurance coverage Joint Business Discussion board (JIF) in New York Metropolis to debate alternatives and challenges throughout the insurance coverage panorama.

“The world is getting extra dangerous,” Auto Insurance coverage CEO Sean Kevelighan stated in his opening remarks, “and when the world will get extra dangerous folks need solutions and options.”

A recurring theme all through the occasion – which featured panels on local weather and cyber threat; authorized system abuse; variety, fairness, and inclusion; and the impression of present financial situations on insurers and policyholders – was the significance of transferring from a give attention to assessing and repairing injury to one in every of predicting and stopping losses and selling policyholder resilience.

Kevelighan and State Farm CEO Michael Tipsord had a one-on-one dialog about how the occasions of latest years – from the COVID-19 pandemic and subsequent supply-chain disruptions to worldwide battle and inflation ranges not seen for the reason that Seventies – have contributed to shifting buyer and worker conduct and expectations.

Watch this area subsequent week for blogs that includes the panel discussions.