ProSight Looks to Buck Insurance Industry Great Divide

In our January article The Risk of Doing Nothing Haunts Insurance Industry, futurist David Smith warned that “It’s incredibly dangerous in periods of high change to not have a vision. … Doing nothing is no longer safe—it’s probably the riskiest thing you can do. If you’re not changing business models fundamentally, then you’re not changing. That’s insurance.”

Smith’s comments struck a chord with many readers—including Joe Beneducci, CEO of ProSight Specialty Insurance. “I was particularly moved to have this discussion” with PropertyCasualty360, said Beneducci, who “grew up in insurance, started as an underwriter, and worked at Chubb and Fireman’s Fund,” where he served in various leadership roles including president and CEO.