Description:

All Eyes on Economics is a podcast series by the insurance information institute providing different perspectives on the intersection of economics and business strategy in insurance and financial sectors. Thoughtful and actionable, Dr. Léonard and his guests engage in lively exchanges about how business leaders integrate economics into their wider growth strategy - and how economics is delivering tools that specifically match business needs in today’s challenging economy.

What You’ll Hear in This Episode:

In this episode of All Eyes on Economics, Host Michel Léonard, Donna Glenn, Chief Actuary at NCCI, and Stephen Cooper, Executive Director and Senior Economist at NCCI, engage in an in-depth discussion on the workers compensation market. They discuss key factors in ratemaking, including economic indicators and the importance of understanding wage growth, inflation, and their regional impacts. Donna highlights the diverse state and industry variables that shape rate adequacy, emphasizing how payroll growth—driven by headcount and wage increases—supports the workers compensation system amid declining loss costs. Stephen explains NCCI’s Workers Compensation Weighted Medical Price Index, which offers a more precise view of medical inflation unique to the workers compensation industry, contrasting it with broader economic inflation trends. Together, they underscore how a blend of economic insights and actuarial expertise leads to more informed ratemaking decisions that account for local labor market nuances and evolving conditions across the industry. Tune in today for an episode packed with thought leadership and actionable insights.

Learn More Here:

• NCCI industry information section for access to data tools and resources.
• NCCI INSIGHTS section for articles on economic and industry trends, including
• • 2024 in Sight, 2023 in Review and other thought leadership reports.
  • Medical Inflation Insights - October 2024 and NCCI’s Workers Compensation Weighted Medical Price Index (WCWMI)
  • Quarterly Economics Briefing
  • Labor Market Insights

Mentioned:

Donna Glenn, LinkedIn, NCCI Website

Stephen Cooper, LinkedIn, NCCI Website

Dr. Michel Leonard, CBE LinkedIn , Triple-I Website

Marina Madsen LinkedIn , Triple-I Website

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Insurance Information Institute

All Eyes on Research is a podcast miniseries by the insurance information institute. This series invites guests, each of whom are Triple-I Non-Resident Scholars, to discuss their findings and the importance of research with Dr. Michel Léonard, Triple-I Chief Economist and Data Scientist and Marina Madsen, Triple-I Economic Research Analyst. They have thoughtful and actionable conversations about front line research surrounding topics such as insurance, economics, and climate. The hosts and guests give listeners opportunities to truly engage with scholar’s current and upcoming research projects and publications.

What You’ll Hear in This Episode:

In this episode of All Eyes on Research, Dr. Michel Léonard talks to Dr. Scott Shackelford, Provost Professor of Business Law and Ethics at the Indiana University. Scott also serves as the Executive Director of the Ostrom Workshop and the Center for Applied Cybersecurity Research. The two discuss how Scott’s background in political science, law, and cybersecurity bolsters his research in software resilience, security governance, the internet of things and space cybersecurity, to mention a few. Michel poses questions such as: with our current geopolitical landscape and in the context of these key cyber trends, which poses the largest risk? And What was the worst decision made in the history of cyber? The conversation turns to the impact of these trends on the insurance industry, the environment and supply chain security. Tune in for this knowledge and research packed episode.

Mentioned Books and Research:

Forks in the Digital Road: https://global.oup.com/academic/product/forks-in-the-digital-road-9780197617779

The Metaverse: https://global.oup.com/academic/product/the-metaverse-9780197759431?cc=us&lang=en&

Upcoming book: Securing Democracy in the Digital Age

Moving slow and fixing things: https://www.lawfaremedia.org/article/moving-slow-and-fixing-things

Register for the Non-Resident Scholar’s Webinar featuring Scott and other scholars: https://event.on24.com/wcc/r/4761438/0415E2629DDDE5F23AEC41BF55FEC304

Mentioned:

Dr. Scott Shackelford, LinkedIn, Email, CACR website, Ostrum Workshop website

Dr. Michel Leonard, CBE LinkedIn , Triple-I Website

Marina Madsen LinkedIn , Triple-I Website

Say Hi:

Insurance Information Institute

All Eyes on Economics is a podcast series by the insurance information institute providing different perspectives on the intersection of economics and business strategy in insurance and financial sectors. Thoughtful and actionable, Dr. Léonard and his guests engage in lively exchanges about how business leaders integrate economics into their wider growth strategy - and how economics is delivering tools that specifically match business needs in today’s challenging economy.

What You’ll Hear in This Episode:

In this episode of All Eyes on Economics, Dr. Léonard interviews Insurance Research Council (IRC) Chairman and Vice President General Manager of Liberty Mutual’s Product Management Organization, Mike Robon. Michel and Mike tackle key questions to the industry like “How do we make insurance affordable?” “Why should we care about tort reform?” and “What is the role of economists and data driven decisions in insurance today?” Listen in to hear Mike’s perspective as Board Chair of the IRC and as an insurance leader and how that perspective contributes to the work he does every day.

Learn more about the Insurance Research Council by visiting the IRC website or emailing Dale Porfilio.

Mentioned:

Mike Robon, LinkedIn, Liberty Mutual website, Mike's Email

Dr. Michel Leonard, CBE LinkedIn , Triple-I Website

Marina Madsen LinkedIn , Triple-I Website

Say Hi:

Insurance Information Institute