There’s a lot of received wisdom in our industry.
You know, the sorts of things that we tell each other often enough that we all begin to accept them as true without really questioning the assumptions behind them with rigour.
Here are three common ones: you have to have meaningful scale if you want to get involved in Reinsurance, or open up operations in the London Market or the US.
This podcast is with the leader of a business that is a repudiation of most of the canons contained in the book of received insurance wisdom.
He leads a business that has grown to write around $700mn in gross premiums across a broad base, diversified by line and geography in both insurance and reinsurance, while maintaining very healthy profitability throughout the cycle.
Waleed Jabsheh is the CEO of IGI and this podcast highlights the very singular path that IGI has trodden on its way to success.
What emerges in this detailed discussion is in many ways a picture of a bold and ambitious company with representation in all the major global insurance jurisdictions.
But it is also a company that is at its core relatively conservative, looking to play in areas it knows and understands well and leaving the unknown territories of the bleeding edge for others to explore and map out before it takes a view.
IGI is still very much a family firm, but it is also one that is publicly-traded and listed in the US.
Any apparent contradiction in the above is explained by Waleed in this broad and deep interview, in which we are treated to a very strong common sense analysis of the opportunities and threats facing the global insurance and reinsurance market of today.
Waleed is very calm, clear and unambiguous in his style and makes for an excellent interviewee
LINKS:
We thank our naming sponsor AdvantageGo, now part of Sapiens:
https://www.advantagego.com
