McKinsey on Insurance

Vince Tizzio, president and CEO of AXIS Capital, shares how he has helped the company evolve while keeping customers, employees, and stakeholders in mind.
As one of the oldest industries, insurance has evolved significantly since its inception and grown to include new, niche offerings. Throughout Vince Tizzio’s long career in insurance, he has developed a deep understanding of the specialty insurance space and proved he can develop strong organizational cultures. As the president and CEO of AXIS Capital, Tizzio constantly strives to deliver premium growth for small and mid-size specialty businesses, expanding AXIS’s offerings and establishing the company as a top player in this field. In this episode of McKinsey on Insurance, Tizzio speaks to Ari Libarikian, a McKinsey senior partner and the global leader of McKinsey’s Insurance Practice. They discuss Tizzio’s leadership style, his approach to growing AXIS’s digital capabilities, and how he plans to further scale its global platform. An edited version of their conversation follows.
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Insurance companies are at an inflection point with their generative AI use cases. Three McKinsey partners discuss the value of combining generative AI with other technologies.
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While AI and generative AI may enable a new age of productivity, redesigning end-to-end processes and using traditional optimization methods can lay the foundation for transformation.
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Toyota Insurance President and COO Robert Spencer shares his views on
how OEMs and insurers can partner to enhance customer experience as the
mobility ecosystem evolves.
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