At the 2015 National Association of Professional Surplus Lines Oﬃces (NAPSLO) Convention in San Diego, WRIN.tv asked Jeremy Johnson, President & CEO of Lexington Insurance, to comment on the insurance industry’s need to draw top next generation talent. He believes it is “critical”, not only to create a pipeline of professionals to bring up through an organization, but also to have “diversity of thought” and the “energy of youth” necessary to drive innovation.
Mr. Johnson also notes that technology is having a fundamental impact on business. He sees a younger generation of professional as better able to embrace emerging technologies. He believes the industry needs this in order to embrace new technologies in the workplace, how customers are adapting technologies, and how technology is affecting overall business models.
Mr. Johnson says Lexington released some 14 new products over the last year, and he expects to release just as many new products and services in the coming year. He believes leaders need to be personally invested and “walk the talk” when it comes to innovation. Lexington creates time and space for innovation, taking people from their day jobs to allow them to “ideate.” They also invest in resources to execute on “ideation”, believing that ideation plus execution equals innovation. Mr. Johnson also admits that healthy competition within Lexington is encouraged, and that the concept of “possibility thinking” helps Lexington focus on responding to tomorrow’s risk.
Mr. Johnson credits Lexington’s success over the past 50 years to a “wonderful team and bench, great partners, honesty, integrity, innovation…We make tough promises, and we stand by them.”
In part one of our discussions with Lexington President and CEO Jeremy Johnson, he discusses the transformational impact of data and modeling, the “benign” 2015 hurricane season and the danger of insurance being commoditized due to the influx of alternative capital. Watch it now from our On Demand Library.