The 2017 Annual Report focuses on the future of insurance – a future in which Watson says Argo is uniquely positioned to excel. “For more than a decade, we have been anticipating the transformation currently underway in our industry,” Watson says. “Specialty insurance lives at the crossroads of new ideas and new threats.”
In the annual report, Watson talks about the ways in which Argo is building its digital expertise, developing new software, investing in leading and emerging technologies and partnering with startups. He also notes Argo’s emphasis on attracting, developing and retaining a new generation of talent. “To attract them, we must prove that our industry is as dynamic and rewarding as we know it can be,” he says.
And while 2017 was a challenging year, Watson points out that Argo Group served its customers faithfully. “The resulting losses affected our bottom line,” he says, “but they also remind us that we are fulfilling our mission: We’re here to help businesses stay in business.”
And Argo will continue to do so. As Watson looks ahead, he welcomes changes. “Today, we talk about such advances as drones, autonomous vehicles, augmented reality and artificial intelligence,” he says. “These are not merely categories of risk that require expert underwriting; they are themselves engines of innovation that will create new opportunity for insurers who are able to look ahead and who are willing to keep pace. We will continue to be one of them.”