AIG executive changes; InnSure's climate platform: Insurtech news

AIG Leadership Changes Highlight Transition and New Vision

AIG has announced a significant shift in its leadership structure, with CEO Peter Zaffino transitioning to the role of executive chair. The company has appointed Eric Andersen as the new president and CEO-elect. This change signals AIG’s ongoing evolution as it looks to strengthen its direction and respond to the dynamic insurance market.

Peter Zaffino, who has led AIG since 2021, will continue to contribute to the company's strategy and governance in his new role. His leadership has been pivotal during a transformative period for AIG, and his continued involvement is expected to provide stability as the company moves forward.

Eric Andersen, who previously held the position of executive vice president, will be stepping into the CEO-elect role. Andersen brings a wealth of experience to the table, having been instrumental in AIG's operations and strategy in recent years. His transition into this leadership position may bring fresh ideas and perspectives as the company navigates its future.

InnSure Launches Climate Risk Incubator Platform

In other insurtech news, InnSure has launched an innovative climate risk incubator platform aimed at helping businesses assess and manage climate-related risks. This platform is designed to support organizations in making informed decisions about their exposure to climate impacts and developing strategies to mitigate those risks.

The launch of this platform reflects a growing trend within the insurance industry to address the significant challenges posed by climate change. Insurers are increasingly focused on integrating climate risks into their underwriting practices, and tools like InnSure's platform may prove valuable for businesses seeking to understand and manage these risks more effectively.

Overall, these developments at AIG and InnSure highlight the ongoing evolution within the insurance sector, focusing on leadership transitions and innovative solutions to emerging challenges, particularly in the context of climate change.

Original Source: https://www.dig-in.com/news/aig-executive-changes-innsure-climate-platform-insurtech