An innovative insurance approach to urban forest management
Climate insurance solutions would support risk reduction and recovery activities within the urban forest.
What are some of the inroads Lexington has made in the past year under your watch that you’re particularly proud of, and what are some of the market areas that exhibit real growth potential as we reach the midpoint of this year?
If you were to walk into any Lexington office, you would be struck by the level of energy and just genuine enthusiasm for Lexington, for AIG, and, frankly, for the market that we’re in. We’re very proud to be the U.S. leading excess and surplus lines market. We don’t take that lightly; we don’t get complacent about that. I would tell you that our staff prides itself on working with our customers and brokers on leveraging that freedom of rate and form to develop new products and new solutions.
I’m most proud of the innovation culture that we’re driving through Lexington. We’ve put some real discipline, some real structure behind ideation. We’ve developed an internal crowdsourcing approach, if you like, to innovation to drive ideation from the field and our pipeline of products has never been more robust. We have dozens and dozens of products in the pipeline, so I’m very proud of that.
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