Chris Gallagher, Sompo International CEO of P&C Insurance, was recently featured in a Best’s Review interview. He shared his view on challenges facing the industry, as well as potential opportunities he sees despite the turmoil and impact of COVID-19, low interest rates, a steady decline in the pricing environment, and the increasing severity of natural catastrophe events.
He noted that Sompo International has adapted, and said, “We learned a lot about ourselves and our industry in 2020.” He added that, “throughout COVID-19, we have been able to reinvest in our platform, including retaining and securing talent, some of which has become available just due to the uncertainties at other carriers.”
He also highlighted that though Sompo International experienced fundamental changes, the Company’s new structure allows it to present a better product to clients and distribution partners.
View the Best’s Review interview