The Voice of Insurance Ep 22 Casualty, Capital and Covid with Jason Howard CEO of Beach
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May 5, 2020 In this discussion, Jason Howard, CEO of Beach & Associates and a seasoned leader known for his candid views, shares his insights on the casualty market's challenges amid COVID-19. He dives into the crucial nature of June renewals and the need for innovative insurance solutions to adapt to crises. Jason discusses the evolving landscape due to major broker consolidations and emphasizes the importance of reform at Lloyd's. With his straightforward approach, he provides a fresh perspective on risk management and the future of independent distribution in insurance.
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9/11 Parallels Shape Pandemic Response
- Jason Howard sees parallels with 9/11: an unexpected systemic shock that forced the market to invent new solutions.
- He expects renewed interest in pandemic products and possible government-backed schemes.
Rapid Remote Transition At Beach
- Jason Howard moved 200+ Beach employees across seven locations to remote work within six days and maintained renewals activity.
- He credits IT for a seamless transition and calls it the 'new normal' for the moment.
Wholesale Growth Fueled By Actual Partnership
- Jason Howard explains Beach used Actual's retail network to scale a wholesale specialty-lines strategy rapidly.
- He recruits senior talent and leverages US agency access to broaden product distribution.