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BRINK News is transitioning to This Moment platform on MarshMcLennan.com as of March 31, 2023. Read the update here.

Environment

Move Over Nat Cats, Kitty Cats Are Riling the Insurance Marketplace

With spring rapidly approaching, many municipalities, homeowners and business dwellers alike will be preparing for potentially dangerous weather from convective storms. The large “main event” storms can and do wreak havoc, but lots of damage can follow from residual storms. Think of a large-scale tornado outbreak being a main catastrophe event — and the additional, smaller but non-negligible thunderstorms that happen during the remainder of the season as "kitty-cats" that can compound carrier and policyholder losses. Jeff Schmidt, of Guy Carpenter and Sydney Hedberg of Marsh McLennan Public Sector, explain.
Jeff Schmidt, Associate in Reinsurance and Certified Specialist in Catastrophe Risk for Guy Carpenter
Sydney Hedberg, Director at Marsh McLennan
Related - Practicing for Disasters: Here’s How One Ski Town Prepared for the Worst.

Most Read

Spotlight: AI, NFTs and Cryptocurrency

Young asian man working on his laptop computer
Technology

ChatGPT-Style Tech Is About to Change Our World

ChatGPT burst onto the technology world, gaining 100 million users by the end of January 2023, just two months after its launch and bringing with it a looming sense of change. Essentially overnight, most of the world gained access to AI that they could use for their own purposes. In this episode of The Conversation Weekly, researchers who study computer science, technology and economics explore how the rapid adoption of technologies has, for the most part, failed to change social and economic systems in the past — and why AI might be different.
Daniel Merino, Associate Science Editor & Co-Host of The Conversation Weekly Podcast, The Conversation
Nehal El-Hadi, Science + Technology Editor & Co-Host of The Conversation Weekly Podcast, The Conversation

Conversation

Society

What Does Gen Z Want?

For [Gen Z], it’s no longer about just getting a paycheck. Gen Z is hungry for purpose in the workplace — they want to know that they are having a larger impact on the world. That means companies need to bring purpose into their everyday work — or risk losing these employees. Don’t ignore leveraging Gen Z’s digital acumen and finding ways to include them in innovation efforts.
Jennifer Openshaw, Chair of Girls with Impact
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For Generation Z, transparency in the workplace is a must. More than 40% of the young adults surveyed said companies don’t do a good job of showing salaries, 38% said job descriptions were vague and almost a third said hiring timelines were unclear. To combat these perceived shortcomings, they share information with one another in informal networks via social media, with content creators often providing tips and coaching to help peers sus out competitive salary ranges, play one offer against another and 'know their worth.'
Ana Kreacic, Partner and Chief Knowledge Officer at Oliver Wyman
John Romeo, Managing Partner and Head of Oliver Wyman Forum, Oliver Wyman
Lucia Uribe, Partner at Oliver Wyman
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