The wholesale and specialty market is more dynamic than ever—a fact confirmed by our Carrier Practice team at the recent WSIA Annual Marketplace conference. Here, our experts share the key highlights and takeaways from the event, where they reconnected with industry colleagues, heard insights from leaders across the marketplace, and strategized on how to continue delivering service excellence to our strategic partners.

We’re proud to announce that Jennifer Cogbill, SVP — GBCARE, was recently named as an honoree on the 2024 Business Insurance Women to Watch list and will be honored in November. She sat down alongside Chris Hampshire, VP — Carrier Practice Sales, on the CPCU Society’s IN-the-Know Podcast to discuss the role of medical management in the workers’ compensation sector and other key issues impacting the medical space in today’s insurance industry.

In the fast-paced world of general insurance, standing out from the competition is crucial. Analytics innovation and streamlined processes hold the key to operational performance improvement, empowering carriers to achieve remarkable results. Join Joe Powell, SVP – Analytics, as he dives into the transformative impact of analytics innovation in the general insurance space. Joe unveils three game-changers revolutionizing the way carriers operate, unlock unparalleled efficiency, and deliver superior outcomes.

The insurance industry faces unique challenges that can undermine growth opportunities. This is particularly so for Managing General Agents (MGAs) and Program Administrators (PAs), who face an ever-evolving regulatory environment, rising costs, and modern-day obstacles such as cybersecurity risks and the rising number of socially inflated verdicts.

Robust, creative, and strategic planning is paramount for long-term success in the mutual insurance industry. At a time when NAMIC has revealed the sector faces increasing pressures from reinsurance factors, it has never been more important for carriers to take proactive steps to grow, balance capital constraints, and transform their businesses.

The insurance industry is dynamic with new risks emerging as well as the strategies organizations develop to mitigate them, but within the captive industry, these risks and the unique challenges captives face require specific solutions to address them.

In today’s highly competitive carrier landscape, organizations encounter a wide variety of challenges when it comes to enhancing their talent management strategies, mitigating turnover, and attracting new talent. Joe Berrios, Managing Director — Carrier Practice, shares a few of Gallagher Bassett’s (GB) key talent initiatives aimed at cultivating a workforce that excels in delivering service excellence and superior claims results to our carrier partners.

As mutual and mid-market carriers prepare for what’s next, strategic planning and diversification play crucial roles in ensuring long-term success in the evolving insurance industry. Looking ahead, embracing adaptability, navigating a highly competitive marketplace, and finding unique differentiators are among the top priorities for carriers.

RISE (Rising Insurance Star Executives) held its second annual Leadership Summit & Awards Gala on May 23–24, 2023, in Fort Lauderdale, Florida. Industry veterans representing several disciplines within the insurance industry gathered to share their expertise and make connections with the upcoming professionals who attended.

The Target Markets Program Administrators Association (TMPAA) Mid-Year Meeting took place May 12–15 in Tampa, Florida.

The American Association of State Compensation Insurance Funds (AASCIF) brings together workers’ compensation (WC) insurance companies from across the U.S. and Canada that specialize in writing WC insurance for a single state or have jurisdictional control for a province, respectively.

The New Year is here, and with it comes new opportunities and challenges for the carrier marketplace. Joe Berrios and Jon Stambaugh share the findings of our 2023 survey and discuss the key themes and top priorities for our partners across the industry this year.