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118 * * * * Sections * Critical Risks * Risk Management * The Insurance Industry * Claims & The Law * Workers’ Comp Forum * Risk Insiders * Sector Focus * . * Risk Central * Power Broker * Risk Matrix * Risk Scenarios * Risk All Stars * Teddy Award * Sponsored Content * Branded Webinars * Magazine * Digital Issue * Issue Archive * Subscribe * Conferences * Ergo * National Comp * Advertise * Subscribe * More * Award Applications * Newsletters * &BrandStudio * Privacy Policy * About R&I * Contact Us * Media Kit * Trending Stories * National Comp * Power Broker * Workers’ Comp Forum * Risk Matrix * Risk Central * The Profession * Sections * Critical Risks * Risk Management * The Insurance Industry * Claims & The Law * Workers’ Comp Forum * Risk Insiders * Sector Focus * . * Risk Central * Power Broker * Risk Matrix * Risk Scenarios * Risk All Stars * Teddy Award * Sponsored Content * Branded Webinars * Magazine * Digital Issue * Issue Archive * Subscribe * Conferences * Ergo * National Comp * Advertise * Subscribe * More * Award Applications * Newsletters * &BrandStudio * Privacy Policy * About R&I * Contact Us * Media Kit NEWSLETTERS The best of R&I and around the web, handpicked by our editors. SIGN UP. RISK CENTRAL White papers, service directory and conferences for the R&I community. GO TO RISK CENTRAL. DIGITAL EDITION Web replica of the print magazine. VIEW DIGITAL EDITION. Type your search term above * * * * RISK ALL STARS RISK ALL STARS OVERVIEW Topics: Award Applications | Risk All Stars | Risk All Stars Application What is a Risk All Star? Risk & Insurance® strives to identify emerging risks and mitigation strategies, while covering the fascinating people who drive the industry forward. Our goal is to inform and help our readers succeed in their careers as well as to inspire and motivate them. Risk & Insurance® All Stars embody this credo. They stand out from their peers by overcoming challenges through exceptional problem-solving, creativity, perseverance and/or passion. By presenting their stories, we strive to recognize outstanding accomplishments while also providing our readers with ideas, solutions and motivation to overcome similar challenges. Who is eligible for the award? Eligible nominees include any individual with responsibility for managing risk or claims for their employer. For example: * Risk Manager * Claims Manager * Workers’ Comp Professional * COO * CFO * Owner/CEO/President * Any other professional responsible for risk management or claims Who selects the winners? Risk All Stars are selected by editors at Risk & Insurance® magazine. What criteria are used to select winners? Winning applicants are selected based on the compelling nature of their story and accomplishments. The central question is, “Does the applicant’s story inform and/or motivate others?” While a compelling story is most important, winners also will exhibit success in any of the below: * Problem-Solving * Creativity * Perseverance * Passion Nomination process Applicants can apply directly or be nominated by a colleague, broker, insurer or service provider. Risk & Insurance® editors review all applicants and narrow the pool down to finalists based on the application. Each finalist is then interviewed by a staff member. A summary of the interview along with an evaluation form is completed by the editor performing the interview. Important Note Regarding Confidentiality: We are very conscious of the sensitive nature of the information provided. Client references listed on applications and contacted by judges may choose to be on or off the record. This includes the client name, company name and additional identifying information. All other information on the application will be considered on-the-record unless specified otherwise. Judging process Once all interviews are complete, the judging team meets to review the interviews and evaluations. Winners are selected. There is no limit on the number of winners. Each Risk & Insurance® All Star is chosen based on the compelling nature of their story. Publication Winners will be announced in the July/August 2023 issue of Risk & Insurance®. The information will also be featured on the Risk & Insurance® website, and via eNewsletter, magazine digital edition and app. A profile highlighting each Risk All Star’s story along with a head-shot is presented by industry category. Award Boxes A few weeks after the winners are announced, each Risk & Insurance® All Star receives a copy of the print issue, an award and additional promotional items. Download the 2022 Logo Usage Agreement and PR Statement. 2023 Application Deadline: June 2, 2023 Winner Announcement Date: July/August (7/17/23) Issue SHARE THIS ARTICLE! Click to Copy Share Tweet Share TRENDING STORIES 4 KEY FACTORS IMPACTING THE U.S. COMMERCIAL PROPERTY INSURANCE MARKETS April 15, 2023 PARAMETRIC COVERS ARE FINALLY GAINING TRACTION. HERE’S HOW COMPANIES CAN BENEFIT September 25, 2022 RANSOMWARE RESILIENCY STARTS WITH A PLAN. WHAT’S YOURS? September 27, 2022 MAKING THE IMPOSSIBLE POSSIBLE: INTRODUCING THE 2023 POWER BROKERS February 27, 2023 MORE FROM RISK & INSURANCE 5 WAYS EMPLOYERS CAN MITIGATE THE RISKS OF ATTORNEY REFERRAL MEDICINE While there is a place for attorney referral medicine, it’s fraught with the potential for abuse and unethical practices. 5 PREDICTIVE MODELS REVOLUTIONIZING WORKERS’ COMP AND HELPING CLAIMS MANAGERS FOCUS ON THE HUMAN ELEMENT OF CLAIMS Younger tech-savvy workers want to make a difference with their work. Workers’ comp predictive models can help them do that. OPIOIDS IN CONTEXT: WEIGHING THE EFFECTIVENESS OF ALTERNATIVE APPROACHES TO PAIN MANAGEMENT Opioid overprescription continues to present critical obstacles in the workplace. This National Comp 2022 panel will delve into the costs and benefits of long-term non-pharmacological pain management approaches that could help end the opioid crisis. INSURING THE CLIMATE TRANSITION: AS ESG CONCERNS DRIVE INVESTMENT IN RENEWABLES, PROJECT SAFETY AND RESILIENCY ARE PARAMOUNT If we don’t approach renewables with safety and resiliency in mind, increased investments driven by corporate ESG measures and new tax incentives could result in dangerous accidents and massive losses. Go to Homepage > SPONSORED CONTENT BY SOMPO WHY MEETING YOUR CLIENTS AND BROKERS WHERE THEY ARE WILL PAVE A PATH TOWARD SUCCESS Clients, brokers, and other constituents are constantly on the lookout for a carrier partner that will not only meet their needs, but also display an understanding of who they are and where they come from. By: Sompo International | April 28, 2023 Risk and insurance is ever changing and ever growing. It has to be in order to keep up with shifts in the market. Increased catastrophic events are tightening property lines, with many carriers offering lower limits, higher retentions, and price hikes. On the opposite end, in financial lines, there’s more capital investment and a rise in new entrants looking to make waves. “There’s more capacity flooding into financial lines like D&O and professional liability, which is a real contrast to the firmness we’re seeing in CAT property,” said Ron Willett, EVP, Field Management, North America Retail, Sompo International. “The benefit of the diversified specialty portfolio we have built at Sompo International is that we are not overly reliant on a single line of business to deliver the returns we need from the business. For example, where the ever-changing landscape of cyber continues to be a challenge for all parties (clients, brokers, and carriers), there are areas within our casualty portfolio where we are seeing more aggressive competition.” With so many areas seeing change, clients and brokers are seeking stability through their insurance partners. Stability and consistency are two hallmarks of Sompo International’s operating model. “Meeting clients and brokers where we “intersect” has become the mantra here in Business Development. From a client perspective, it’s important to note that our core value proposition is that we continue to maintain our creativity and solution-oriented approach no matter the line of business. We are not class underwriters and we look at the individual risk on its own merit with the holistic view of the account as our guiding star,” said Willett. Here’s a closer look at what that means for Sompo International and how this approach to business is paving the path forward for client and broker success. LOCATION, LOCATION, AND CULTURE INTEGRATION Ron Willett, EVP, Field Management, North America Retail, Sompo International Location is everything in business, and there is no better way to understand a client or broker than to be operating in the region, states and cities that they are in. For Sompo International, geographic expansion into markets where clients and brokers operate is key to the company’s strategy and top of mind for the North America Insurance team. With several regional office openings planned across the U.S. and in Canada, Willett believes that to build strong, enduring partnerships you need to have a deep understanding of your partners’ business goals and the environment in which they operate. As Willett explained, “At any given time, we are analyzing cities across the country where we see material economic growth and compare that to the markets we are in. We talk with our business unit leaders, we look at demographic studies, the talent pool and the industries that may be concentrated in those geographies. From there, we try to triangulate all those different inputs to see if it’s a good place for us to plant a flag.” The benefit of this approach really comes in understanding the client and their locale. It’s one thing to operate in a large city, servicing clients and brokers nationwide. It’s another to be rooted in the same place as those clients and brokers, understanding not just the nuances of their insurance needs but also the lifeblood of the city that they’re in. But location is just part of the equation. Having boots-on-the-ground enables insurers to better understand and more closely align with our clients and brokers culturally and operationally, at a deeper level. Once the carrier is entrenched both geographically and operationally, to truly integrate into a region, they must look internally to make sure they are meeting the mark when it comes to matching the talent required to service the clients and brokers in that locale. A DRIVE FOR THE BEST TALENT Sompo International is currently working to expand its geographic reach, using a strategically crafted expansion plan. In addition, the team is putting forward a concerted effort to staff those new locations with the right people. A lot goes into making sure talent is up to par: “We want the people who share the same core values as the company; that’s the goal,” Willett said. As he further explained, Sompo International takes pride in its company culture. It’s a collaborative environment where everyone works toward the betterment of their fellow colleagues. That is a prime value that the team takes to each and every location the company expands into. As an extension, that value drives the importance of intersecting with clients where they are – both physically and metaphorically speaking. “If you’re going to perpetuate and build upon this strong culture of collaboration, you’re going to look for people who are wired the same way, somebody who wants to also work as a team, somebody who can see the promising future that exists here with this company that’s growing,” Willett said. “Expanding our reach into new offices won’t mean anything unless we have good people in them – it won’t mean anything unless our talent can match and deliver on what our clients and brokers need.” After all, insurance is a relationship business, and client relations is a key part of any successful partnership. To respond to that dynamic, the team has developed a client executive role to liaise with clients and drill down and discover what they really need, and to provide that level of service. “Finding the right fit for a client executive role starts with their personality, their ability to present, their ability to ask and answer challenging questions, and their ability to work collaboratively with colleagues to structure solutions to the client’s problems or challenges,” said Willett. This role is vital to clients and brokers because it establishes the relationship from the first interaction on. WHERE A MULTINATIONAL REACH COMES INTO PLAY The market is changing, for the U.S. and for the world at large. From both growth areas and certain lines firming up, clients and brokers must find the right team to back them up through any shift. Sompo International is staffed with insurance and reinsurance experts and has a talented pool of claims and risk control specialists, all of whom provide perspective and insight on a wide range of topics affecting the industry. One area that Sompo International strives to distinguish itself as a carrier is its multinational capabilities. “We can service clients in over 150 countries. In our global economy, many clients have requirements, country by country, to have locally admitted policies. The investment we have made to ensure our ability to deliver our value proposition with consistency across the globe, is a significant differentiator for us,” Willett explained. Having that multinational reach and knowledge enables Sompo International to take this idea of meeting clients and brokers where they are to the next level. Willett added, “Multinational is an area where few carriers are able to deliver excellence, however, it’s in our organizational DNA. It differentiates us and creates a distinct competitive advantage rooted in our overall global expertise as well as the understanding of how to successfully execute in the local marketplaces of our global economy.” To learn more about Sompo International, visit: https://www.sompo-intl.com. This article was produced by the R&I Brand Studio, a unit of the advertising department of Risk & Insurance, in collaboration with Sompo International. The editorial staff of Risk & Insurance had no role in its preparation. Sompo International is a leading global provider of commercial and consumer property and casualty (re)insurance. For more information, follow us on LinkedIn or please visit www.sompo-intl.com. SHARE THIS ARTICLE! Click to Copy Share Tweet Share MORE FROM RISK & INSURANCE YOUR FLEET’S ELD DATA CAN BE USED AGAINST YOU. HOW TO MAKE SURE THAT DOESN’T HAPPEN Electronic logging devices for trucks are designed to improve safety, but what happens when plaintiffs’ attorneys use ELD logbook data against trucking companies? RISING STAR ADAM LANTRIP LOOKS AT CYBER INSURANCE’S EVOLVING LANDSCAPE, FROM SILENT CYBER TO RATE CHANGES We spoke with Adam Lantrip, professional and cyber solutions practice leader at CAC Specialty, about our evolving approach to cybersecurity and the value of being hands-on. WALK AND TALK WITH ME: HOW EPIC’S TANDIS NILI BROKE HER COWORKERS OUT OF A PANDEMIC-INDUCED FUNK When pandemic-related stressors pushed Tandis Nili’s brokerage team to the limit, they doubled down on forging stronger bonds and fostering new connections. 3 TIPS FOR TACKLING TECHNOLOGY PROJECTS AMID IT’S TALENT SHORTAGE The competition for talent among workers’ compensation service providers is fierce. Investing in new technology is of paramount importance to complete projects, meet service expectations, and retain the best talent. Go to Homepage > RISK MATRIX: PRESENTED BY LIBERTY MUTUAL INSURANCE 10 FACTORS TO HEED IN YOUR ENVIRONMENTAL, SOCIAL AND GOVERNANCE PLANS When it comes to environmental, social and governance plans, understanding impact on talent, M&A, EPLI and more will go a long way in compliance. By: R&I Editorial Team | April 3, 2023 The R&I Editorial Team can be reached at riskletters@theinstitutes.org. SHARE THIS ARTICLE! Click to Copy Share Tweet Share TRENDING STORIES 4 KEY FACTORS IMPACTING THE U.S. COMMERCIAL PROPERTY INSURANCE MARKETS April 15, 2023 PARAMETRIC COVERS ARE FINALLY GAINING TRACTION. HERE’S HOW COMPANIES CAN BENEFIT September 25, 2022 RANSOMWARE RESILIENCY STARTS WITH A PLAN. WHAT’S YOURS? September 27, 2022 Sponsored Content by Sompo WHY MEETING YOUR CLIENTS AND BROKERS WHERE THEY ARE WILL PAVE A PATH TOWARD SUCCESS April 28, 2023