Nationwide Insurance is working to improve property resilience through risk mitigation, technology adoption, and advocacy for building codes. Mark Berven, president and COO of Nationwide, talks about the importance of shifting from a reactive approach to a "predict and prevent" mindset in the insurance industry, especially amid changing weather patterns.
Berven discusses Nationwide's efforts to increase property resilience and advocacy for wider adoption of building codes in the U.S. He
shares insights from Nationwide's commercial lines protection survey, highlighting the concerns and impacts of severe weather on businesses. He also discusses various technologies that Nationwide is evaluating and implementing to prevent losses. Berven also talks about the role of agent partners in promoting resilience, and how insurer support for the Insurance Institute for Business & Home Safety is producing valuable research into resilience and risk mitigation.
Resources:
Nationwide website: https://www.nationwide.com/
Ting by Whisker Labs: https://www.whiskerlabs.com/
Kinetic: https://kineticcomp.com/
Insurance Institute for Business & Home Safety: https://ibhs.org/
Predict & Prevent website: https://www.predictandprevent.org/
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