By Loretta Worters, Vice President, Media Relations, Triple-I
When Karen Griswold graduated with a B.S. in advertising from Penn State College, her first foray into the enterprise world was to change into an government retail purchaser in a big division retailer. It didn’t take lengthy earlier than she realized it wasn’t a path for her.
She took an informational interview with somebody she knew on the Marine Workplace of America Corp. who instructed she contemplate collaborating of their marine insurance coverage coaching program.
“I didn’t have a maritime background, my household didn’t even personal a ship, what did I find out about marine insurance coverage?” Griswold mentioned.
“I began as an underwriting trainee assigned to the marine unit,” she defined. “I did 18 months rotating in inland marine, cargo, hull and marine legal responsibility after which generalized insurance coverage coaching via their skilled coaching program and was assigned to a cargo unit in New York as an ocean cargo underwriter.”
It was an enchanting journey, in response to Griswold.
“As a part of the coaching I realized about mechanical provides, prescription drugs, equipment, and livestock. There was no field you might put your self in, it was altering on a regular basis.”
Cargo itself was totally different, Griswold discovered she needed to have a geopolitical sense.
“In the future China, one other day Brazil, and I had to have a look at how cargo was shipped weighing variables, similar to the worth of freight, the value of the boat, whether or not it’ll function inland or on the ocean, and the legal guidelines and rules of nations the place the vessel may journey,” she mentioned. “It was fascinating.”
Her profession spanned every thing from cargo to hull and legal responsibility to tugboat and marine services. She realized about totally different courses of marine enterprise, too.
Thirty years later, Griswold is an government vp in Chubb’s Ocean Marine Division, and he or she nonetheless finds she learns one thing new every single day.
“It’s a vast insurance coverage world, that’s what I discover so thrilling and fascinating, whether or not it’s the political impacts of delivery, to international commerce legal guidelines, totally different points in distinct ports, it’s continually altering and evolving,” she mentioned.
In her present position, Griswold abroad all of it: ocean marine, hull, cargo, liabilities, and marinas enterprise. Relying on the day, one is likely to be extra fascinating than the opposite.
“That’s one of many issues that challenges me essentially the most in my place. “I decide up the paper and discover out what’s taking place on the earth, the political complexities, and the way that impacts the way in which we transact enterprise.”
Schooling is essential to Griswold, which is why she has been concerned with the American Institute of Marine Underwriters (AIMU) because the starting of her profession. She began attending their academic packages as a trainee. Over time, she has sat on the hull and finance committees and is at present on the administration committee as nicely.
“AIMU’s President John Miklus has been a terrific champion of ladies, and for the business basically,” she mentioned.
Griswold is also concerned with the Worldwide Union of Marine Insurance coverage (IUMI) and sits on their coverage kind committee that screens all the worldwide marine points impacting the business.
“I imagine it’s a nice privilege to be a lady within the maritime business; there usually are not a number of us,” she defined. “There’s a pure camaraderie between us. For some time, I used to be the one girl at numerous occasions, totally different organizations, and committees. That has modified all through my profession. It’s an unbelievable discipline for folks. The gender variety has elevated over the past couple of years and has been encouraging to see.”
Griswold, who celebrated her twenty-fifth anniversary with Chubb, attributes her success to the mentors and sponsors all through her profession – each women and men.
“We have to elevate girls, not solely within the marine business however in enterprise general,” she mentioned. “Simply being a feminine in a closely male-dominated group is a problem. I’ve been fortunate; I’ve been handled pretty, and my expertise has largely been constructive. Although it has been difficult as a mom, elevating kids in a male-driven business, discovering that stability. However I’ve had an amazing quantity of help.”
Griswold, who spends a good period of time sponsoring girls inside and out of doors the business, famous that extra variety is required.
“Being a champion is necessary, to showcase a few of that expertise,” she mentioned. “When girls see others like them, it’s extra empowering to have that bond, that potential to see folks like themselves and develop and develop and contemplate secure areas. It’s necessary to showcase these girls and their expertise.”
Whereas Griswold didn’t benefit from sponsorship amongst senior girls, she did have nice male sponsors alongside the way in which.
“These males helped me discover my voice and my path ahead,” she mentioned. “We should assist different girls to search out their voices. We should assist one another, empower ourselves, and never create a aggressive atmosphere.”
Griswold pointed to the worth of Chubb’s enterprise roundtables, that are worker useful resource teams that provide mentoring and networking.
“We have to discover compatibility, friendship, mentoring teams,” she mentioned. “Ladies must forge their profession paths and discover their area of interest on this discipline. There’s energy in numbers.”