The Future of Insurance – Casey Kempton, President, Personal Lines, Nationwide

Episode Info

As the president of Personal Lines at Nationwide, Casey Kempton is responsible for all aspects of the business including product, underwriting, sales and distribution, claims and services. Her organization focuses on delivering effortless, personal and reassuring experiences for distribution professionals and customers who value protection and service.

Casey previously served as the executive vice president, digital business officer at Chubb where she was responsible for small business revenue generation, agency experience and the build of digital acquisition channels via direct-to-consumer affinity partnerships, eBrokers and agent-carrier connectivity.

Prior to Chubb, she led the personal lines agency channel at The Hartford including oversight of field sales performance, distribution strategy, marketing and product portfolio management. She also spent time with the ACE Group accountable for global personal and commercial lines as well as leading the operations and information technology for the Latin America region. Casey's early career included working on P&C strategic initiatives across the insurance value chain at The Hartford.

A graduate of the University of Connecticut, Casey holds Bachelor of Arts degrees in Cognitive Anthropology and English. She also has two patents in her name relating to homeowners insurance rating.

Episode Overview:

Casey shares her expertise and vision for the future of personal insurance lines, discussing the evolving landscape of the industry and the innovative strategies Nationwide is implementing to stay ahead.

Key Topics Discussed:

1. Introduction to Casey Kempton:

   • Casey introduces herself and her role at Nationwide, where she oversees Auto, Home, Umbrella, and other personal lines.

   • She shares her journey and experiences since taking on the role in February 2024.

2. Customer-Centric Approach:

   • Nationwide's strong focus on customer satisfaction and building robust relationships with distribution partners.

   • The importance of understanding customer needs and providing tailored insurance solutions.

3. Predict and Prevent Strategy:

   • Discussion on the "Predict and Prevent" initiative, which aims to mitigate risks before they occur.

   • How this strategy is reshaping the insurance landscape by focusing on prevention rather than just compensation.

4. Technological Advancements:

   • The role of AI and data in enhancing pricing sophistication and service delivery.

   • The impact of telematics and connected technologies in personal lines insurance.

5. Industry Challenges and Opportunities:

   • Navigating the complexities of personal lines insurance, including risk management and loss prevention.

   • The evolving consumer mindset towards insurance as a necessary investment rather than a mere obligation.

6. Future Outlook:

   • Casey's vision for the future of insurance, emphasizing the need for continuous innovation and adaptation.

   • The potential for growth in embedded insurance and partnerships with OEMs.

Conclusion: Casey Kempton provides a comprehensive overview of the current state and future direction of personal lines insurance. Her insights into Nationwide's strategies and the industry's evolution offer valuable perspectives for anyone interested in the future of insurance.

This episode is brought to you by The Future of Insurance book series (future-of-insurance.com) from Bryan Falchuk.

Follow the podcast at future-of-insurance.com/podcast for more details and other episodes.

Music courtesy of Hyperbeat Music, available to stream or download on Spotify, Apple Music, and Amazon Music and more.