Making Risk Programs Tech Savvy with Lyndsey Christofer of Chubb
Jul 4, 2024
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Lyndsey Christofer of Chubb discusses the impact of technology on risk management, challenges faced by underwriters, and making risk programs tech-savvy. They also explore the effects of the pandemic on real estate and hospitality industries, emphasizing the importance of aligning risk programs at every level.
Embracing technology is crucial for modern risk programs in construction.
Building closer relationships with clients and leveraging data analytics are key in adapting to industry changes.
Deep dives
Current Focus of Construction Industry
Construction companies are experiencing a shift in funding sources, with government investments driving growth despite slower private spending. The podcast discusses the impact of technology on risk management within the construction sector, emphasizing the importance of understanding clients' challenges and addressing the increasing complexities in the casualty market.
Challenges and Innovations in Construction Tech
The discussion highlights the evolving landscape of construction technology, with advancements like drones and 3D printing revolutionizing processes. The use of artificial intelligence in software and supply chain management is emphasized for enhancing operational efficiency and risk mitigation within construction companies.
Adapting Risk Management and Client Relationships
The podcast underscores the importance of adapting risk management strategies to cope with rapid industry changes driven by technology and innovation. Building closer relationships between insurance providers and clients, understanding evolving occupancy trends post-pandemic, and leveraging data analytics to offer tailored risk engineering services emerge as critical elements in navigating the evolving risk landscape.
On the latest episode of Risk Management: Brick by Brick, Jason Reichl is at RISKWORLD 2024 speaking to Lyndsey Christofer, Executive Vice President in Construction and Real Estate & Hospitality (REH) Industry Practice at Chubb.
In this episode, Jason and Lyndsey explore the impact of evolving technology on risk management, including how it has affected the job description of underwriters and how risk programs can become more tech savvy. They also discuss the impact of the pandemic on real estate and hospitality and what this means for risk managers in the area.
To find out how TrustLayer manages risk so that people can build the physical world around us, head to TrustLayer.io.
Risk Management: Brick by Brick is handcrafted by our friends over at: fame.so
Previous guests include: Seth Hausman of Kraus-Anderson Insurance, Matthew Meyer of The Horton Group, Diana Rich of Foundation Building Materials, Christy McHenry of Suffolk Construction, Mark Rieder of NFP, and Cory Mangum of Primoris Services Corporation.