Triple-I Podcast

The Insurance Information Institute
Triple-I Podcast

The Insurance Information Institute Podcast, including All Eyes on Economics, hosted by Dr. Michel Leonard and produced by Marina Madsen, features discussions with insurance industry practitioners, regulators, community stakeholders, and thought leaders discussing current and emerging issues that will shape the state of insurance over the next years. Visit the Triple-I at www.iii.org for our latest articles and industry research or follow the discussion on Twitter @iiiorg.

  1. 2024-11-11

    All Eyes on Economics: Labor Market Trends and Workers Compensation with Donna Glenn and Stephen Cooper (NCCI)

    Description: All Eyes on Economics is a podcast series by the insurance information institute providing different perspectives on the intersection of economics and business strategy in insurance and financial sectors. Thoughtful and actionable, Dr. Léonard and his guests engage in lively exchanges about how business leaders integrate economics into their wider growth strategy - and how economics is delivering tools that specifically match business needs in today’s challenging economy. What You’ll Hear in This Episode: In this episode of All Eyes on Economics, Host Michel Léonard, Donna Glenn, Chief Actuary at NCCI, and Stephen Cooper, Executive Director and Senior Economist at NCCI, engage in an in-depth discussion on the workers compensation market. They discuss key factors in ratemaking, including economic indicators and the importance of understanding wage growth, inflation, and their regional impacts. Donna highlights the diverse state and industry variables that shape rate adequacy, emphasizing how payroll growth—driven by headcount and wage increases—supports the workers compensation system amid declining loss costs. Stephen explains NCCI’s Workers Compensation Weighted Medical Price Index, which offers a more precise view of medical inflation unique to the workers compensation industry, contrasting it with broader economic inflation trends. Together, they underscore how a blend of economic insights and actuarial expertise leads to more informed ratemaking decisions that account for local labor market nuances and evolving conditions across the industry. Tune in today for an episode packed with thought leadership and actionable insights. Learn More Here: NCCI industry information section for access to data tools and resources. NCCI INSIGHTS section for articles on economic and industry trends, including 2024 in Sight, 2023 in Review and other thought leadership reports. Medical Inflation Insights - October 2024 and NCCI’s Workers Compensation Weighted Medical Price Index (WCWMI) Quarterly Economics Briefing  Labor Market Insights   Mentioned: Donna Glenn, LinkedIn, NCCI Website Stephen Cooper, LinkedIn, NCCI Website Dr. Michel Leonard, CBE LinkedIn , Triple-I Website Marina Madsen LinkedIn , Triple-I Website   Say Hi: Insurance Information Institute

    28 min
  2. 2024-11-04

    All Eyes on Research: What Was The Worst Decision Made in the History of Cyber? With Scott Shackelford (Indiana University)

    All Eyes on Research is a podcast miniseries by the insurance information institute. This series invites guests, each of whom are Triple-I Non-Resident Scholars, to discuss their findings and the importance of research with Dr. Michel Léonard, Triple-I Chief Economist and Data Scientist and Marina Madsen, Triple-I Economic Research Analyst. They have thoughtful and actionable conversations about front line research surrounding topics such as insurance, economics, and climate. The hosts and guests give listeners opportunities to truly engage with scholar’s current and upcoming research projects and publications. What You’ll Hear in This Episode: In this episode of All Eyes on Research, Dr. Michel Léonard talks to Dr. Scott Shackelford, Provost Professor of Business Law and Ethics at the Indiana University. Scott also serves as the Executive Director of the Ostrom Workshop and the Center for Applied Cybersecurity Research. The two discuss how Scott’s background in political science, law, and cybersecurity bolsters his research in software resilience, security governance, the internet of things and space cybersecurity, to mention a few. Michel poses questions such as: with our current geopolitical landscape and in the context of these key cyber trends, which poses the largest risk? And What was the worst decision made in the history of cyber? The conversation turns to the impact of these trends on the insurance industry, the environment and supply chain security. Tune in for this knowledge and research packed episode. Mentioned Books and Research: Forks in the Digital Road: https://global.oup.com/academic/product/forks-in-the-digital-road-9780197617779 The Metaverse: https://global.oup.com/academic/product/the-metaverse-9780197759431?cc=us&lang=en& Upcoming book: Securing Democracy in the Digital Age   Moving slow and fixing things: https://www.lawfaremedia.org/article/moving-slow-and-fixing-things Register for the Non-Resident Scholar’s Webinar featuring Scott and other scholars: https://event.on24.com/wcc/r/4761438/0415E2629DDDE5F23AEC41BF55FEC304   Mentioned: Dr. Scott Shackelford, LinkedIn, Email, CACR website, Ostrum Workshop website Dr. Michel Leonard, CBE LinkedIn , Triple-I Website Marina Madsen LinkedIn , Triple-I Website   Say Hi: Insurance Information Institute

    18 min
  3. 2024-10-28

    All Eyes on Economics: What is Insurance Research Council? And What Drives Insurance Costs? With Mike Robon (IRC Board Chair)

    All Eyes on Economics is a podcast series by the insurance information institute providing different perspectives on the intersection of economics and business strategy in insurance and financial sectors. Thoughtful and actionable, Dr. Léonard and his guests engage in lively exchanges about how business leaders integrate economics into their wider growth strategy - and how economics is delivering tools that specifically match business needs in today’s challenging economy.   What You’ll Hear in This Episode: In this episode of All Eyes on Economics, Dr. Léonard interviews Insurance Research Council (IRC) Chairman and Vice President General Manager of Liberty Mutual’s Product Management Organization, Mike Robon. Michel and Mike tackle key questions to the industry like “How do we make insurance affordable?” “Why should we care about tort reform?” and “What is the role of economists and data driven decisions in insurance today?” Listen in to hear Mike’s perspective as Board Chair of the IRC and as an insurance leader and how that perspective contributes to the work he does every day.  Learn more about the Insurance Research Council by visiting the IRC website or emailing Dale Porfilio.   Mentioned: Mike Robon, LinkedIn, Liberty Mutual website, Mike's Email Dr. Michel Leonard, CBE LinkedIn , Triple-I Website Marina Madsen LinkedIn , Triple-I Website   Say Hi: Insurance Information Institute

    19 min
  4. 2024-10-09

    All Eyes on Research: Hail and the Climate Crisis with Victor Gensini (NIU)

    Description: All Eyes on Research is a podcast miniseries by the insurance information institute. This series invites guests, each of whom are Triple-I Non-Resident Scholars, to discuss their findings and the importance of research with Dr. Michel Léonard, Triple-I Chief Economist and Data Scientist and Marina Madsen, Triple-I Economic Research Analyst. They have thoughtful and actionable conversations about front line research surrounding topics such as insurance, economics, and climate. The hosts and guests give listeners opportunities to truly engage with scholar’s current and upcoming research projects and publications.   What You’ll Hear in This Episode:  In this episode of All Eyes on Research, Triple-I Economic Research Analyst Marina Madsen interviews meteorology professor in the Department of Earth, Atmosphere and Environment at Northern Illinois University and leading expert in convective storm research, Dr. Victor Gensini. Marina and Victor discuss the encroaching threat of convective storms to businesses and individuals alike. They delve into insurance implications of climate change and the evolving threat of hail, highlighting how patterns such as urbanization only amplify risk and future losses. Finally, Victor focuses on the importance of research, and shares with the audience the exciting projects he is currently working on.    Acronyms used in this episode:  SCS: Severe convective storms NOAA: National Oceanic and Atmospheric Administration ICECHIP: Institute Collaborative Experiment for the Collection of Hail in the Plains CIRCS: Center for Interdisciplinary Research on Convective Storms   Triple-I’s Resources on Convective Storms:  Severe Convective Storms: State of the Risk Severe Convective Storms White Paper   Mentioned:  Dr. Victor Gensini, LinkedIn, CIRCS Website Dr. Michel Leonard, CBE LinkedIn , Triple-I Website Marina Madsen LinkedIn , Triple-I Website   Say Hi: Insurance Information Institute

    15 min
  5. All Eyes on Research: Insurance affordability and mutualization with Seth Rachlin (ASU).

    2024-09-23

    All Eyes on Research: Insurance affordability and mutualization with Seth Rachlin (ASU).

    All Eyes on Research is a podcast miniseries by the insurance information institute. This series invites guests, each of whom are Triple-I Non-Resident Scholars, to discuss their findings and the importance of research with Dr. Michel Léonard, Triple-I Chief Economist and Data Scientist and Marina Madsen, Triple-I Economic Research Analyst. They have thoughtful and actionable conversations about front line research surrounding topics such as insurance, economics, and climate. The hosts and guests give listeners opportunities to truly engage with scholar’s current and upcoming research projects and publications.  What You’ll Hear in This Episode: In this episode of All Eyes on Economics, Dr. Leonard speaks to 30-year insurance industry veteran Seth Rachlin, who is now a Professor of Political Science and Social Data Science at Arizona State University. Seth and Michel delve into some of the biggest questions in insurance, discussing trends in insurance affordability and availability, the benefits of mutualization, the inevitability of moral hazard, and the increasing spreads between rates. They have an incredibly thoughtful exchange about how these themes affect the industry: as a whole and right down to individual policy owners. Mentioned: Seth Rachlin, LinkedIn, Seth.Rachlin@asu.edu Dr. Michel Leonard, CBE LinkedIn , Triple-I Website Marina Madsen LinkedIn , Triple-I Website   Say Hi: Insurance Information Institute

    20 min
  6. All Eyes on Economics: Economic Impacts on Small Businesses with Russ Johnston (Nationwide)

    2024-09-09

    All Eyes on Economics: Economic Impacts on Small Businesses with Russ Johnston (Nationwide)

    All Eyes on Economics is a podcast series by the Insurance Information Institute providing different perspectives on the intersection of economics and business strategy in the insurance and financial sectors. Thoughtful and actionable, Dr. Léonard and his guests engage in lively exchanges about how business leaders integrate economics into their wider growth strategy - and how economics is delivering tools that specifically match business needs in today’s challenging economy. What You’ll Hear in This Episode:  In this episode of All Eyes on Economics, Dr. Léonard interviews Russ Johnston, Nationwide’s President of Commercial lines, Excess and Surplus and Specialty. They discuss the findings of Nationwide’s 2024 Economic Impact Survey, focusing on how small and medium-sized businesses feel about and are adapting to the current economic environment. Russ provides insights into the importance of property, general liability, and workers' compensation insurance for these businesses while addressing some of their top concerns such as energy costs, supply chain disruptions, inflation, raw material expenses, and high interest rates. Michel and Russ discuss strategies for protecting businesses from legal challenges and cyber threats and explore insurance solutions for these leading concerns. More on the 2024 Nationwide Economic Impact Survey here: Nationwide survey on newsroom - https://news.nationwide.com/business-owners-are-upbeat-despite-economic-and-employee-hurdles/ Agency Forward article - https://agentblog.nationwide.com/commercial-insights/general-industries/inflation-and-other-issues-deflating-economic-sentiment/   Survey Key findings:  Nationwide’s recent survey with small- and mid-market business owners found that there’s high concern around the national economy, however, business owners are more optimistic the closer you get to their specific region, industry, or business. 73% of mid-market owners and 51% of small business owners rate the conditions for their own business as good or excellent today. Mentioned: Russ Johnston, LinkedIn, Nationwide Website Dr. Michel Leonard, CBE LinkedIn , Triple-I Website Marina Madsen LinkedIn , Triple-I Website   Say Hi:  Insurance Information Institute

    18 min
  7. All Eyes on Economics: Educating the Next Generation of Insurance Professionals with Rob Hoyt (UGA)

    2024-07-29

    All Eyes on Economics: Educating the Next Generation of Insurance Professionals with Rob Hoyt (UGA)

    All Eyes on Economics is a podcast series by the Insurance Information Institute providing different perspectives on the intersection of economics and business strategy in the insurance and financial sectors. Thoughtful and actionable, Dr. Michel Léonard and his guests engage in lively exchanges about how business leaders integrate economics into their wider growth strategy - and how economics is delivering tools that specifically match business needs in today’s challenging economy. What You’ll Hear in This Episode: In this episode of All Eyes on Economics, Dr. Léonard interviews Dr. Robert Hoyt, Moore Chair and Professor of Risk Management and Insurance at the University of Georgia. Michel and Rob delve into insurance education. Michel’s thoughtful questions and Rob’s insights and academic perspective combine in this episode for an informed and engaging conversation about economics in insurance education. At UGA, the Risk Management and Insurance program weaves fundamental economic principles and theories into each student’s education. As Rob emphasizes, it is critical to integrate insurance and economics. Michel and Rob also discuss the PhD program, the emphasis on internships, the integral capstone course, and the alumni network. All of which contribute to UGA students’ success in the industry. Make sure to listen until the end for more information about an upcoming job fair and climate risk initiative. Some key topics Rob’s students learn about: Inflation Flood Insurance Risk selection Moral hazard Adverse selection Supply chains Auto insurance Get more information… About the 48th Annual Risk and Insurance Careers Day o   https://www.terry.uga.edu/events/rmi-careers-day/ o    October 2, 2024 About the NSF-Sponsored Climate Risk initiative o   https://circad.org/ Mentioned: Rob Hoyt, LinkedIn, Risk Management Program Homepage Dr. Michel Leonard, CBE LinkedIn, Triple-I Website Marina Madsen LinkedIn, Triple-I Website Say Hi: Insurance Information Institute

    21 min
  8. All Eyes on Economics: Insuring Each Other with Bob Valliere (CSAA)

    2024-07-15

    All Eyes on Economics: Insuring Each Other with Bob Valliere (CSAA)

    All Eyes on Economics is a podcast series by the Insurance Information Institute providing different perspectives on the intersection of economics and business strategy in insurance and financial sectors. Thoughtful and actionable, Dr. Michel Léonard and his guests engage in lively exchanges about how business leaders integrate economics into their wider growth strategy - and how economics is delivering tools that specifically match business needs in today’s challenging economy. What You’ll Hear in This Episode: In this episode of All Eyes on Economics, Dr. Michel Léonard speaks to Bob Valliere, Chief Operations Officer at CSAA Insurance Group. Bob and Michel discuss the importance of economic analysis in making insurance decisions; highlighting how CSAA considers inflation, changes in supply, and other economic indicators when pricing. Bob describes CSAA’s relationship with AAA and their community-driven, not-for-profit model. Michel questions Bob about how CSAA has been able to successfully anticipate the costs of insurance while maintaining economic stability, and Bob stresses the importance of leveraging the best and most up-to-date data to make informed decisions. Watch CSAA’s Rick Astley Campaign here: https://www.youtube.com/watch?v=GtL1huin9EE   Mentioned: Bob Valliere, LinkedIn, CSAA website Dr. Michel Leonard, CBE LinkedIn, Triple-I Website Marina Madsen LinkedIn, Triple-I Website Say Hi: Insurance Information Institute

    16 min

À propos

The Insurance Information Institute Podcast, including All Eyes on Economics, hosted by Dr. Michel Leonard and produced by Marina Madsen, features discussions with insurance industry practitioners, regulators, community stakeholders, and thought leaders discussing current and emerging issues that will shape the state of insurance over the next years. Visit the Triple-I at www.iii.org for our latest articles and industry research or follow the discussion on Twitter @iiiorg.

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