IN-the-Know

The Institutes CPCU Society
IN-the-Know

IN the Know is your podcast connection to the top innovators, strategists, storytellers, thought leaders, movers, shakers, and go-getters in the risk management and insurance community. Along with host Chris Hampshire —an insurance industry veteran, CPCU designation holder, and a CPCU Society volunteer leader— you'll get an INside, UNSCRIPTED look at how they got here, where they’re going, and how YOU can benefit from their experience and INsight.

  1. Building an Environmental Risk Management Program with James Pruitt

    -3 ДН.

    Building an Environmental Risk Management Program with James Pruitt

    James Pruitt is the Vice President of Risk Management for GFL Environmental and is responsible for the risk management strategy, insurance and captive programs, claims management, and Enterprise Risk Management across North America. He joined GFL in the Fall of 2021 and served as a consultant to the CFO in a risk management capacity from 2018 to 2021. Prior to joining GFL, James was the Vice President of Private Equity Strategy at Risk International, where he was responsible for new business creation within the Private Equity space and led all due diligence strategy and program optimization engagements across the portfolios. He specializes in insurance due diligence, carve-out program creation, and risk management department implementation. James holds an MBA from Indiana University’s Kelley School of Business and a BBA in International Finance from the University of Akron. Today on In The Know, Chris Hampshire and James discuss private equity risk management and due diligence as well as unique exposures in the environmental risk management space.    Key Takeaways   James’s initial exposure to risk management eventually led to his career of building out and formalizing an entire program. The exposures of private equity risk management and variations from traditional programs. Exciting and rewarding opportunities unique to the private equity space. Private equity can be the “perfect” model for program efficiency. Major constraints of private equity programs. Key considerations when accepting a new and different role. Who you work with makes all the difference in the success of any position. James highlights the process of assembling a new risk management program. The current state of unique exposures in the environmental risk management space. A strategic five-year look at the future of the insurance industry. James shares practical advice to his early career self.   Quotes “The private equity world is definitely different from either stand-alone public or private companies.” “The one factor I always weigh first is who I would be working with.” “The goal for everyone on my team is to make sure you have a conversation with at least one person every day about risk management.” “It takes a long time with a lot of renewals and bumps along the way to make sure that you don’t duplicate those errors along the way.” “At the end of the day, people are really there to foster relationships.”

    30 мин.
  2. Advocating for Education and Inclusion in the Insurance Industry with Precious Norman-Walton

    30 ОКТ.

    Advocating for Education and Inclusion in the Insurance Industry with Precious Norman-Walton

    Precious Norman-Walton is an Account Executive with EG Bowman Co, based in NYC, and the Agent Program Manager for NAAIA (National African American Insurance Association).  With over 18 years of Insurance Industry experience, she has served in Personal Lines Claims, Commercial Underwriting, and Agency Management.  Prior to her current role, Precious was Director of Underwriting at Harbor AI, VP of Account Management at Insureon, and Chief Operating Officer for Diamond National Insurance Advisors. Precious is a member of the CPCU Society Leadership Council, and was Vice Chair of the 2022 CPCU In2Risk Global Conference.  She served as  the 2020 President of the Dallas Chapter of the CPCU Society and currently serves as their Programs Chair.  Additionally, Precious sits on the Board of the Central Illinois CPCU Chapter, and Insure Equality.  This live episode of the In The Know podcast was recorded at RISKWORLD 2024 in San Diego and features Chris Hampshire and Precious as they explore strategies for advocating for education and inclusion in the insurance industry and discuss technology, talent, and the state of the insurance industry.   Key Takeaways   Hurricane Katrina impacted Precious’s decision to pursue a career in the risk management industry. The insurance industry touches every aspect of other industries. Precious was interested in the agent broker space because it is at the point of sale decision-making process. The value of Precious’s membership in the CPCU Society. Tactics for bridging the talent gap in the future of the industry. The pipeline is still not providing enough talent to backfill open risk management roles. Attracting non-traditional roles into the insurance industry. The formation and success of NAAIA. Precious’s role in attracting talent to the market. The state of inclusion in the insurance industry has plenty of room to grow. The impact of AI on the future of the industry. Networking offerings from a RIMS conference. Precious’s experience as a Black female leader in the industry. A five-year look to the future of the impact of technology in the industry. The future of insurance talent and personnel. The importance of relationship building at live and in-person events. Precious offers advice to her early-career self.   Quotes “Insurance is a place where you can do well and do good.” “The insurance ecosystem is so much more than claims, underwriting, and sales.” “We aim to provide education, access to markets, and professional development.” “Those who specialize in an area will become more and more indispensable.”

    25 мин.
  3. The Importance of Elevating the Adjuster with Nikki Jackson

    16 ОКТ.

    The Importance of Elevating the Adjuster with Nikki Jackson

    Nikki Jackson is the Senior Vice President of Strategy & Marketing at MTI America. Nikki is a data-driven strategic executive leader with over 17 years of experience in the property and casualty insurance and benefits delivery industry. During her career, Nikki has affected almost every aspect of the claims management process, working with over 100 Fortune 500 companies, dozens of TPAs and carriers, and countless vendors in various roles from operations to strategy and marketing. She authored the insurance industry’s largest academic research study on the talent shortage and is passionate about attracting and retaining talent. She is also the founder of The Work Comp Power Prompt and is active in RIMS, the CPCU Society, and the Alliance of Women in Workers Compensation. On this episode of the In The Know podcast, Chris Hampshire and Nikki discuss technology, talent, and the state of the insurance industry.   Key Takeaways   Nikki’s professional experience has exposed her to all sides of the claims journey. Nikki feels that the industry chose her and she was hired on the spot. The state of technology in the insurance sector is constantly evolving. Techniques for applying new technologies to legacy systems. The impact of AI on the sector and the industry talent. Confronting the changing nature of the industry requires being open to what is coming next. Claims adjusters can use new technologies to complete forms and file claims. The current state of talent in the industry needs to shift away from claiming “accidental careers.” Details of the Elevate the Adjustor blog. Nikki’s experience as a female leader and mentor in the insurance industry. The importance of involvement in professional organizations throughout a career. Ideas for finding non-traditional talent to bring into the industry. Educating the next generation of claims adjusters in the era of telework. A look to the future of the technologies that are permeating the industry. The future of in-person conferences. Managed care opportunities are being enhanced by AI. A five-year look to the future of technology and talent of the industry. Nikki’s advice to her early career self.   Quotes “Technology in the insurance industry is at the point that people need to evolve or they will be stagnant.” “Once you find out what the problem is, then you can look to the technology for solutions.” “The current state of talent in the industry is constantly shifting.” “We need to get out in the community and share what an incredible industry this can be.”

    23 мин.
  4. The Innovation of RiskTech with Jo Lynn Clemens

    2 ОКТ.

    The Innovation of RiskTech with Jo Lynn Clemens

    Jo Lynn Clemens, CPCU, ARM, is the CEO and Founder of RiskKarma.io, a strategic risk intelligence solution to reduce claims and improve workplace culture. Jo Lynn has over 20 years of experience in risk, compliance, and litigation, which includes her role as president of JJC Insurance Services, LLC and her past experiences as an auditor for Underwriters at Lloyds of London, director of legislation and research for Arizona CPCU Society, regional chair for Claim Litigation Management Alliance (CLM), 2010 Delegate Ambassador to China for global Society of CPCU and special examiner to the insurance commissioner of Arizona’s Department of Insurance. Jo Lynn has served as a thought leader in artificial intelligence, insurance, compliance, and the future of work. She has also served as an expert panelist and speaker for the CPCU Society, the Claims Litigation Management Association, Arizona State University, and the International Association of Defense Counsel. Live from Risk World 2024 in San Diego, this episode of the In The Know podcast features Chris Hampshire and Jo Lynn for a conversation about the number one topic at this year’s RIMS RISKWORLD conference — the possibilities and future of AI.   Key Takeaways   Jo Lynn’s unique and varied journey in the insurance industry. From the perspective of a mother, Jo Lynn is constantly looking at what the future holds and what society looks like. Common litigation topics that can be addressed by AI. Jo Lynn is working to create key risk indicators before risk occurs. Utilizing AI to scrutinize department policies and practices. Diversity quotients can be tracked by AI. Does AI have the potential to truly revolutionize the insurance industry? Addressing common concerns about AI. Increased diversity efforts can help address the talent gap. Jo Lynn’s experience as a female leader in the industry. The current state of diversity in the insurance industry. Technology in the insurance sector is improving and has a great future. A five-year look at the future of technology. Overcoming the challenges of technology adoption. Jo Lynn’s message to those entering the technology facet of the insurance industry.   Quotes “In insurance, you’re learning something new every day.” “With the perspective of a mother, I’m looking at what the future holds and what society looks like.” “AI has the potential to truly revolutionize the insurance industry.” “This is just like the industrial revolution. People fear the unknown.” “Diverse corporations not only perform better productivity-wise but the profits have been proven.” “I see exponential change in the future of technology.” “Technology is probably the most needed employment area of our industry.”

    23 мин.
  5. Deciphering the Surety Space with Kara Skinner

    18 СЕНТ.

    Deciphering the Surety Space with Kara Skinner

    Kara Skinner is a third-generation surety professional with an extensive background in surety, helping clients understand and obtain surety credit. Over the years, Kara has worked with many surety companies, retail agents, obligees, attorneys, engineers, and contractors. She has managed the surety bond department of a major insurance wholesale brokerage. Kara is a past President of the Surety Association of Washington, a member of the National Association of Surety Bond Producers, and an active member of several committees of other insurance and construction organizations. In this episode of the In The Know podcast, Chris Hampshire and Kara dive into all things surety, including the process of how it works and how the 4,000-year history of surety is shaping the future of the industry.   Key Takeaways   From ballerina to bonds, Kara is a third-generation surety professional. Surety is a financial product more than an insurance product. The surety process from both the commercial side and performance and payment bonds. An overview of the current state of the surety industry. The most exciting elements of the surety aspect of the insurance industry. Insights into the benefits of being a third generation in surety. Kara’s advice for going out on your own, especially as a woman in the industry. Lessons learned from forming her own business, starting with relationships. The value of getting involved in professional organizations. Sharing information about bonds so that everyone can access them. Teaching, for Kara, started as a marketing idea. Kara’s advice for anyone considering a career in surety. Being a female CEO in a male-dominated industry. Ideas for better supporting women of color in the industry. Addressing the talent gap in the insurance industry. The future of surety relies on its 4,000-year history, which includes typewriters. A look to the fast-moving future of insurance. Kara’s relationship advice for her early career self.   Quotes “I like to say that surety is the opposite of insurance.” “The idea in surety is that we underwrite to zero losses.” “Surety is an exciting part of the insurance industry because it’s really different.” “Going out on your own isn’t for everybody. It’s a lot of work, but I love it.” “This is such a unique and different product that everyone needs to know about it.” “I want to get other agents as excited about surety as I am.” “The concept of surety has been around for 4,000 years. It’s the most archaic part of the insurance industry.” ‘The future is coming faster and faster, and we need to be ready for it.”

    24 мин.
  6. Embarking on a Career in Insurance with Ben Boas

    4 СЕНТ.

    Embarking on a Career in Insurance with Ben Boas

    Ben Boas is an Underwriting Trainee for Markel Specialty’s Environmental team in Richmond, VA. He graduated from the University of South Carolina’s Darla Moore School of Business in 2023 with a degree in Risk Management and Insurance, with a concentration in Business Analytics. Throughout his academic career, Ben completed various internships with Wholesale & Specialty groups as well as the Philadelphia Insurance Companies. He served as the University of South Carolina’s Gamma Iota Sigma chapter president and was a CPCU Society student member. He currently holds an ARM designation from The Institutes and is pursuing both his CPCU and ASLI designations. In this episode of the In The Know podcast, Chris Hampshire and Ben discuss his internship opportunities, how writing has impacted his career, and his experiences as a member of Gen Z entering the insurance industry.   Key Takeaways   Ben’s interest in golf led him to explore Risk Management and Insurance. The internship and full-time position offerings of Gamma Iota Sigma. Ben’s experience with WSIA internships was an experience like no other. Key takeaways regarding networking in the insurance industry. A Philadelphia insurance internship allowed Ben to learn more about the marketing aspect of the industry. The role that networking played in Ben securing a position at Markel. The value of earning designations throughout your career. As a CPCU scholarship recipient, Ben began working on his designation before he graduated. Attracting Gen Z talent to the insurance industry by effectively marketing the opportunities. A look at the growing future of the insurance industry. Ben’s goals for his career trajectory include emerging trends and an MBA. A five-year look at the growth of technology use within the insurance industry. Ben’s advice for his early-career self.   Quotes   “I felt I needed to give back and show students all of the internship and full-time positions Gamma Iota Sigma has to offer.” “My internship with WSIA was an experience like no other.” “I quickly learned how important the networking aspect is in the insurance industry.” “Always continuing your education really can never hurt.” “I was motivated by people with their CPCUs encouraging me and giving me advice to get mine.” “The CPCU Society offers amazing network opportunities and a whole new community outside of your company.” “Insurance is a lot more fun than it sounds… You can do a million different things in the industry.” “The insurance industry utilizes every industry in business.” “As long as you trust your connections and the people around you and the industry as a whole, you’re going to be where you want to be.”

    27 мин.
  7. 21 АВГ.

    The Future of Insurance Talent with Connor Thomson

    Connor Thomson is a second-year law student at Villanova University Charles Widger School of Law. After graduating summa cum laude with University Honors from Saint Joseph’s University’s Maguire Academy of Insurance and Risk Management in 2022, he matriculated to Villanova University Charles Widger School of Law. In March 2023, at the age of twenty-three, Connor earned the Chartered Property Casualty Underwriter (CPCU) designation and began his tenure at Stickley Law, LLC, a boutique insurance defense firm that specializes in fighting fraud. In this episode of the In The Know podcast, Chris Hampshire and Connor consider what Gen-Z is looking for in the insurance industry, what compelled Connor to earn his CPCU designation at such a young age, and what the future of the insurance industry could look like.   Key Takeaways   Connor is a law student and one of the youngest CPCU designations ever. Claims is the aspect of insurance that most appeals to Connor. The value of earning a CPCU designation at an early age. The impact of internships on a successful start to the insurance industry. Volunteer work during law school has helped Connor identify his future. Connor’s experience on the stage at In2Risk. Ocular disability has impacted, but not limited, Connor’s determination to succeed. Writing and researching are key elements of Connor’s continued education. Connor’s message to Gen Z about a future in the insurance industry. A five-year look at the future of the insurance industry. Connor’s advice to his early career self.   Quotes   “I didn’t know much about insurance at the time, but I did a lot of research and learned that insurance is about more than selling policies.” “Claims is the perfect intersection of the law meets business.” “To me, it was an easy choice to pursue the CPCU designation at a very young age.” “There is clearly a dire need for young talent in the insurance industry.” “I think the one strategic business unit that is not getting that much attention is claims.” “The insurance industry has done a great job of investing in the next generation of insurance talent.” “When we get back together in five years, I don’t think we’ll be discussing this talent shortage anymore.” “There are more people today than ever before making a conscious decision to study risk management and insurance in college.”

    26 мин.
  8. Adopting a Flux Mindset with April Rinne

    7 АВГ.

    Adopting a Flux Mindset with April Rinne

    April Rinne is the opening keynote speaker at the upcoming In2Risk event and is a trusted advisor to well-known startups and companies, financial institutions, nonprofits, think tanks, and governments worldwide. For over two decades, she’s been known for seeing emerging trends early, understanding their potential, and helping others do the same. April is a bridge-builder between stakeholders, priorities, business models, markets, and those excited about change and those resistant to it. Not only is she a guide to developing a “flux mindset,” she’s also ranked one of the 50 Leading Female Futurists in the world by Forbes. She is a Harvard Law School graduate, a Young Global Leader at the World Economic Forum, a member of the Silicon Guild and Thinkers50 Radar, a Fulbright Scholar, and the author of the international bestseller Flux: 8 Superpowers for Thriving in Constant Change. In this episode of the In The Know podcast, Chris Hampshire and April explore the flux mindset — what it is, how it differs from a basic approach to change, and how it can enhance your career. April touches on the 8 superpowers for thriving in constant change, from seeing what’s invisible and getting lost to knowing you’re enough and letting go of the future.   Key Takeaways   April dives deep into the exact moment that secured her passion for a flux mindset. April’s perspective on change and how to more effectively approach it. How can we learn to show up better for impending change? An overview of April’s 8 superpowers for thriving in constant change. Tackling technology changes in the insurance industry. The alarming role of AI in creating greater uncertainty in the world today. Addressing the industry talent gap through a focus on career growth and evolution. April recalls the advice she would give to her early career self.   Quotes   “When it comes to change and uncertainty and how we manage risk and figure out where the world is heading, we have to account for the human experience in all of this as well.” “We often treat change like one thing, but change is messy and hard and scary and we hate it. And change is amazing and life-changing and we love it.” “Flux is not just change. Flux is continuous, relentless change.” “If there is going to be more change in the future, how can we learn to show up better for it?” “The more reliant people are on technology, the more people struggle to navigate at a very personal level all of these uncertainties.” “Reconsider how you see the shape of your own career development and evolution.”

    32 мин.

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IN the Know is your podcast connection to the top innovators, strategists, storytellers, thought leaders, movers, shakers, and go-getters in the risk management and insurance community. Along with host Chris Hampshire —an insurance industry veteran, CPCU designation holder, and a CPCU Society volunteer leader— you'll get an INside, UNSCRIPTED look at how they got here, where they’re going, and how YOU can benefit from their experience and INsight.

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