Travelers Launches Initiative to Address Insurance Availability and Affordability Challenges
Initiative to explore solutions for strengthening the insurance marketplace and building more resilient communities
“At its core, insurance is about bringing individuals and businesses together to pool resources to manage risk,” said Alan Schnitzer, Chairman and Chief Executive Officer of Travelers. “But today, in certain jurisdictions, families and businesses are bearing the consequences of an insurance marketplace that isn’t working the way it should. Solving the challenges will require committed partnership among policymakers, carriers and consumers – and the Travelers Institute is well positioned to convene these stakeholders and move our industry forward.”
Through a series of educational events, webinars and resources, Risk. Regulation. Resilience. Responsibility. will explore how shifting environmental, economic and societal patterns are impacting the availability and affordability of insurance across certain markets. The initiative will also feature organizations that are committed to solving these challenges, including the Insurance Institute for Business & Home Safety.
The initiative will kick off with an in-person event on Sept. 16 in
“As with all Travelers Institute initiatives, education is at the heart of Risk. Regulation. Resilience. Responsibility.,” said Woodward. “By leveraging community insights and providing agents, brokers and customers with relevant tools and information, we aim to help people better understand and better navigate today’s risks.”
Additional symposia for Risk. Regulation. Resilience. Responsibility. are scheduled for Oct. 20 in
About the Travelers Institute
The Travelers Institute, the public policy division of The Travelers Companies, Inc., engages in discussion and analysis of public policy topics of importance to the insurance marketplace and to the financial services industry more broadly. The Travelers Institute draws upon the industry expertise of Travelers’ senior management as well as the technical expertise of many of Travelers’ underwriters, risk managers and other experts to provide information, analysis and solutions to public policymakers and regulators. Travelers is a leading provider of property casualty insurance for auto, home and business. For more information, visit Travelers.com.
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Media:
Kassondra Mangione, 860.277.0731
KMANGION@travelers.com
Source: The Travelers Companies, Inc.